Cashmere Valley Bank : Call Report December 2021

CASHMERE VALLEY BANK	FFIEC 051
RSSD-ID 574976	Report Date 12/31/2021
Last Updated on 1/26/2022	7

Schedule RI - Income Statement(Form Type - 051)

Dollar amounts in thousands

1. Interest income:				1.
a. Interest and fee income on loans:			1.a.
1. Loans secured by real estate:			1.a.1.
a. Loans secured by 1-4 family residential properties...............................................................................	RIAD4435	4,351	1.a.1.a.
b. All other loans secured by real estate....................................................................................................	RIAD4436	17,035	1.a.1.b.
2. Commercial and industrial loans...................................................................................................................	RIAD4012	8,432	1.a.2.
3. Loans to individuals for household, family, and other personal expenditures:			1.a.3.
a. Credit cards...........................................................................................................................................	RIADB485	120	1.a.3.a.
b. Other (includes revolving credit plans other than credit cards, automobile loans, and other consumer
RIADB486	6,593	1.a.3.b.
loans).........................................................................................................................................................
4. Not applicable			1.a.4.
5. All other loans1..............................................................................................................................................	RIAD4058	2,482	1.a.5.
6. Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(5))..........................................	RIAD4010	39,013	1.a.6.
b. Income from lease financing receivables.............................................................................................................	RIAD4065	138	1.b.
c. Interest income on balances due from depository institutions2............................................................................
RIAD4115	96	1.c.
d. Interest and dividend income on securities:			1.d.
1. U.S. Treasury securities and U.S. Government agency obligations (excluding mortgage-backed securities).	RIADB488	484	1.d.1.
2. Mortgage-backed securities..........................................................................................................................	RIADB489	5,224	1.d.2.
3. All other securities (includes securities issued by states and political subdivisions in the U.S.)...................	RIAD4060	12,928	1.d.3.
e. Not applicable			1.e.
f. Interest income on federal funds sold and securities purchased under agreements to resell...............................	RIAD4020	9	1.f.
g. Other interest income...........................................................................................................................................	RIAD4518	74	1.g.
h. Total interest income (sum of items 1.a.(6) through 1.g)......................................................................................	RIAD4107	57,966	1.h.
2. Interest expense:			2.
a. Interest on deposits:			2.a.
1. Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts, and telephone	RIAD4508	125	2.a.1.
and preauthorized transfer accounts)...............................................................................................................
2. Nontransaction accounts:			2.a.2.
a. Savings deposits (includes MMDAs).....................................................................................................	RIAD0093	1,766	2.a.2.a.
b. Time deposits of $250,000 or less.........................................................................................................	RIADHK03	2,374	2.a.2.b.
c. Time deposits of more than $250,000....................................................................................................	RIADHK04	828	2.a.2.c.
b. Expense of federal funds purchased and securities sold under agreements to repurchase................................	RIAD4180	50	2.b.
c. Other interest expense.........................................................................................................................................	RIADGW44	0	2.c.
d. Not applicable			2.d.
e. Total interest expense (sum of items 2.a through 2.c)..........................................................................................	RIAD4073	5,143	2.e.
3. Net interest income (item 1.h minus 2.e).....................................................................................................................	RIAD4074	52,823	3.
4. Provision for loan and lease losses3............................................................................................................................
RIADJJ33	81	4.
5. Noninterest income:			5.
a. Income from fiduciary activities 2.........................................................................................................................	RIAD4070	0	5.a.
b. Service charges on deposit accounts...................................................................................................................	RIAD4080	1,634	5.b.
c. Not applicable			5.c.
d. Income from securities-related and insurance activities			5.d.
1. Fees and commissions from securities brokerage, investment banking, advisory, and underwriting	RIADHT73	1,327	5.d.1.
activities............................................................................................................................................................

1. Includes interest and fee income on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans"
2. Includes interest income on time certificates of deposit not held for trading.
3. Institutions that have adopted ASU 2016-13 should report in item 4 the provisions for credit losses for all financial assets and off-balance-sheet credit exposures that fall within the scope of the standard.

2. For banks required to complete Schedule RC-T, items 14 through 22, income from fiduciary activities reported in Schedule RI, item 5.a, must equal the amount reported in Schedule RC-T, item 22.

CASHMERE VALLEY BANK	FFIEC 051
RSSD-ID 574976	Report Date 12/31/2021
Last Updated on 1/26/2022	8

Dollar amounts in thousands

2. Income from insurance activities3.................................................................................................................		RIADHT74	5,368	5.d.2.
e. Not applicable			5.e.
f. Net servicing fees..................................................................................................................................................	RIADB492	1,076	5.f.
g. Not applicable			5.g.
h. Not applicable			5.h.
i. Net gains (losses) on sales of loans and leases...................................................................................................	RIAD5416	4,316	5.i.
j. Net gains (losses) on sales of other real estate owned.........................................................................................	RIAD5415	0	5.j.
k. Net gains (losses) on sales of other assets3........................................................................................................
RIADB496	-5	5.k.
l. Other noninterest income*.....................................................................................................................................	RIADB497	8,979	5.l.
m. Total noninterest income (sum of items 5.a through 5.l)......................................................................................	RIAD4079	22,695	5.m.
6. Not available			6.
a. Realized gains (losses) on held-to-maturity securities.........................................................................................	RIAD3521	0	6.a.
b. Realized gains (losses) on available-for-sale debt securities...............................................................................	RIAD3196	1	6.b.
7. Noninterest expense:			7.
a. Salaries and employee benefits...........................................................................................................................	RIAD4135	22,120	7.a.
b. Expenses of premises and fixed assets (net of rental income) (excluding salaries and employee benefits and
RIAD4217	3,123	7.b.
mortgage interest)....................................................................................................................................................
c. Not available			7.c.
1. Goodwill impairment losses..........................................................................................................................	RIADC216	0	7.c.1.
2. Amortization expense and impairment losses for other intangible assets....................................................	RIADC232	625	7.c.2.
d. Other noninterest expense*..................................................................................................................................
RIAD4092	15,588	7.d.
e. Total noninterest expense (sum of items 7.a through 7.d)....................................................................................	RIAD4093	41,456	7.e.
8. Not available			8.
a. Income (loss) before change in net unrealized holding gains (losses) on equity securities not held for trading,	RIADHT69	33,982	8.a.
applicable income taxes, and discontinued operations (item 3 plus or minus items 4, 5.m, 6.a, 6.b, and 7.e)........
b. Change in net unrealized holding gains (losses) on equity securities not held for trading4.................................
RIADHT70	0	8.b.
c. Income (loss) before applicable income taxes and discontinued operations (sum of items 8.a and 8.b).............	RIAD4301	33,982	8.c.
9. Applicable income taxes (on item 8.c).........................................................................................................................	RIAD4302	4,949	9.
10. Income (loss) before discontinued operations (item 8.c minus item 9)......................................................................	RIAD4300	29,033	10.
11. Discontinued operations, net of applicable income taxes*.........................................................................................
RIADFT28	0	11.
12. Net income (loss) attributable to bank and noncontrolling (minority) interests (sum of items 10 and 11).................	RIADG104	29,033	12.
13. LESS: Net income (loss) attributable to noncontrolling (minority) interests (if net income, report as a positive value;
RIADG103	0	13.
if net loss, report as a negative value).............................................................................................................................
14. Net income (loss) attributable to bank (item 12 minus item 13).................................................................................	RIAD4340	29,033	14.
1. Not applicable			M.1.
2. Not applicable			M.2.
3. Income on tax-exempt loans and leases to states and political subdivisions in the U.S. (included in Schedule RI,	RIAD4313	2,199	M.3.
items 1.a and 1.b)............................................................................................................................................................
4. Income on tax-exempt securities issued by states and political subdivisions in the U.S. (included in Schedule RI,
RIAD4507	6,595	M.4.
item 1.d.(3)).....................................................................................................................................................................
5. Number of full-time equivalent employees at end of current period (round to nearest whole number).......................	RIAD4150	287	M.5.
Memorandum item 6 is to be completed by:
* banks with $300 million or more in total assets, and
* banks with less than $300 million in total assets that have loans to finance agricultural production and other loans to farmers (Schedule	RIAD4024	70	M.6.
RC-C, Part I, item 3) exceeding 5 percent of total loans
6. Interest and fee income on loans to finance agricultural production and other loans to farmers (included in Schedule
RI, item 1.a.(5))1..............................................................................................................................................................
7. If the reporting institution has applied pushdown accounting this calendar year, report the date of the institution's	RIAD9106	0	M.7.
acquisition (see instructions)2.........................................................................................................................................

3. Includes underwriting income from insurance and reinsurance activities.

3. Exclude net gains (losses) on sales of trading assets and held-to-maturity and available-for-sale debt securities.

*.	Describe on Schedule RI-E - Explanations.
*.	Describe on Schedule RI-E - Explanations.

4. Item 8.b is to be completed by all institutions. See the instructions for this item and the Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.

*.	Describe on Schedule RI-E - Explanations.

1. The $300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30, 2018, Report of Condition.
2. Report the date in YYYYMMDD format. For example, a bank acquired on March 1, 2019, would report 20190301.

CASHMERE VALLEY BANK	FFIEC 051
RSSD-ID 574976	Report Date 12/31/2021
Last Updated on 1/26/2022	9

Dollar amounts in thousands

8. Not applicable				M.8.
9. Not applicable			M.9.
10. Not applicable			M.10.
11. Does the reporting bank have a Subchapter S election in effect for federal income tax purposes for the current tax	RIADA530	No	M.11.
year?...............................................................................................................................................................................
Memorandum item 12 is to be completed by banks that are required to complete Schedule RC-C, Part I, Memorandum items 8.b and 8.c,
and is to be completed annually in the December report only.	RIADF228	NR	M.12.
12. Noncash income from negative amortization on closed-end loans secured by 1-4 family residential properties
(included in Schedule RI, item 1.a.(1)(a))........................................................................................................................
13. Not applicable			M.13.
Memorandum item 14 is to be completed semiannually in the June and December reports only.
14. Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities recognized in	RIADJ321	0	M.14.
earnings (included in Schedule RI, items 6.a and 6.b)3..................................................................................................
Memorandum item 15 is to be completed annually in the December report only by institutions with $1 billion or more in total assets1 that
answered "Yes" to Schedule RC-E, Memorandum item 5.			M.15.
15. Components of service charges on deposit accounts (sum of Memorandum items 15.a through 15.d must equal
Schedule RI, item 5.b):
a. Consumer overdraft-related service charges levied on those transaction account and nontransaction savings	RIADH032	913	M.15.a.
account deposit products intended primarily for individuals for personal, household, or family use........................
b. Consumer account periodic maintenance charges levied on those transaction account and nontransaction
RIADH033	45	M.15.b.
savings account deposit products intended primarily for individuals for personal, household, or family use...........
c. Consumer customer automated teller machine (ATM) fees levied on those transaction account and nontransaction
RIADH034	63	M.15.c.
savings account deposit products intended primarily for individuals for personal, household, or family use...........
d. All other service charges on deposit accounts.....................................................................................................	RIADH035	613	M.15.d.

Schedule RI-A - Changes in Bank Equity Capital(Form Type - 051)

Dollar amounts in thousands

1. Total bank equity capital most recently reported for the December 31, 2020, Reports of Condition and Income (i.e.,		RIAD3217	238,679	1.
after adjustments from amended Reports of Income).....................................................................................................
2. Cumulative effect of changes in accounting principles and corrections of material accounting errors*.......................
RIADB507	0	2.
3. Balance end of previous calendar year as restated (sum of items 1 and 2)................................................................	RIADB508	238,679	3.
4. Net income (loss) attributable to bank (must equal Schedule RI, item 14)..................................................................	RIAD4340	29,033	4.
5. Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions)...................	RIADB509	463	5.
6. Treasury stock transactions, net..................................................................................................................................	RIADB510	-6,876	6.
7. Changes incident to business combinations, net.........................................................................................................	RIAD4356	0	7.
8. LESS: Cash dividends declared on preferred stock....................................................................................................	RIAD4470	0	8.
9. LESS: Cash dividends declared on common stock.....................................................................................................	RIAD4460	6,081	9.
10. Other comprehensive income1..................................................................................................................................
RIADB511	-16,120	10.
11. Other transactions with stockholders (including a parent holding company) (not included in items 5, 6, 8, or 9	RIAD4415	0	11.
above)*............................................................................................................................................................................
12. Total bank equity capital end of current period (sum of items 3 through 11) (must equal Schedule RC, item 27.a)..	RIAD3210	239,098	12.

3. Memorandum item 14 is to be completed only by institutions that have not adopted ASU 2016-13.

*.	Describe on Schedule RI-E - Explanations.

1. Includes, but is not limited to, changes in net unrealized holding gains (losses) on available-for-sale debt securities, changes in accumulated net gains (losses) on cash flow hedges, and pension and other postretirement plan-related changes other than net periodic benefit cost.

*.	Describe on Schedule RI-E - Explanations.

CASHMERE VALLEY BANK	FFIEC 051
RSSD-ID 574976	Report Date 12/31/2021
Last Updated on 1/26/2022	10

Schedule RI-B Part I - Charge-offs and Recoveries on Loans and Leases(Form Type - 051)

Part I includes charge-offs and recoveries through the allocated transfer risk reserve.

Dollar amounts in thousands	(Column A) Charge-offs		(Column B) Recoveries Calendar
Calendar year-to-date		year-to-date
1. Loans secured by real estate:
a. Construction, land development, and other land loans:
1. 1-4 family residential construction loans.................................................................	RIADC891		0	RIADC892		0
2. Other construction loans and all land development and other land loans...............	RIADC893		0	RIADC894		0
b. Secured by farmland.......................................................................................................	RIAD3584		0	RIAD3585		0
c. Secured by 1-4 family residential properties:
1. Revolving, open-end loans secured by 1-4 family residential properties and extended	RIAD5411		0	RIAD5412		0
under lines of credit.....................................................................................................
2. Closed-end loans secured by 1-4 family residential properties:
a. Secured by first liens........................................................................................	RIADC234		0	RIADC217		0
b. Secured by junior liens.....................................................................................	RIADC235		0	RIADC218		0
d. Secured by multifamily (5 or more) residential properties..............................................	RIAD3588		0	RIAD3589		0
e. Secured by nonfarm nonresidential properties:
1. Loans secured by owner-occupied nonfarm nonresidential properties...................	RIADC895		0	RIADC896		0
2. Loans secured by other nonfarm nonresidential properties....................................	RIADC897		0	RIADC898		0
2. Not applicable
3. Not applicable
4. Commercial and industrial loans............................................................................................	RIAD4638		90	RIAD4608		219
5. Loans to individuals for household, family, and other personal expenditures:
a. Credit cards....................................................................................................................	RIADB514		62	RIADB515		7
b. Automobile loans............................................................................................................	RIADK129		400	RIADK133		381
c. Other (includes revolving credit plans other than credit cards and other consumer
RIADK205		0	RIADK206		5
loans).................................................................................................................................
6. Not applicable
7. All other loans2......................................................................................................................	RIAD4644		206	RIAD4628		125
8. Lease financing receivables...................................................................................................	RIAD4266		16	RIAD4267		0
9. Total (sum of items 1 through 8)............................................................................................	RIAD4635		774	RIAD4605		737
1. Loans to finance commercial real estate, construction, and land development activities (not
RIAD5409		0	RIAD5410		0
secured by real estate) included in Schedule RI-B, Part I, items 4 and 7, above......................
2. Not applicable
Memorandum item 3 are to be completed by:
* banks with $300 million or more in total assets, and
* banks with less than $300 million in total assets that have loans to finance agricultural production and other	RIAD4655		0	RIAD4665		0
loans to farmers (Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans
3. Loans to finance agricultural production and other loans to farmers (included in Schedule
RI-B, Part I, item 7, above)2.......................................................................................................

1.

1.a.

1.a.1.

1.a.2.

1.b.

1.c.

1.c.1.

1.c.2.

1.c.2.a.

1.c.2.b.

1.d.

1.e.

1.e.1.

1.e.2.

2.

3.

4.

5.

5.a.

5.b.

5.c.

6.

7.

8.

9.

M.1.

M.2.

M.3.

2. Includes charge-offs and recoveries on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans."

2. The $300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30, 2018, Report of Condition.

CASHMERE VALLEY BANK	FFIEC 051
RSSD-ID 574976	Report Date 12/31/2021
Last Updated on 1/26/2022	11

Schedule RI-B Part II - Changes in Allowances for Credit Losses(Form Type - 051)

		(Column A) Loans and	(Column B)		(Column C)
Dollar amounts in thousands	Leases Held for	Held-to-maturity Debt	Available-for-sale Debt
Investment		Securities		Securities
1. Balance most recently reported for the December 31, 2020, Reports of				13,730			NR			NR
Condition and Income (i.e., after adjustments from amended Reports of	RIADB522		RIADJH88		RIADJH94		1.
Income).............................................................................................................
2. Recoveries (column A must equal Part I, item 9, column B, above).............	RIAD4605		737	RIADJH89		NR	RIADJH95		NR	2.
3. LESS: Charge-offs (column A must equal Part I, item 9, column A, above
RIADC079		774	RIADJH92		NR	RIADJH98		NR	3.
less Schedule RI-B, Part II, item 4, column A).................................................
4. LESS: Write-downs arising from transfers of financial assets3.....................
RIAD5523		0	RIADJJ00		NR	RIADJJ01		NR	4.
5. Provisions for credit losses4.........................................................................	RIAD4230		81	RIADJH90		NR	RIADJH96		NR	5.
6. Adjustments (see instructions for this schedule)*.........................................	RIADC233		0	RIADJH91		NR	RIADJH97		NR	6.
7. Balance end of current period (sum of items 1, 2, 5, and 6, less items 3 and	RIAD3123		13,774	RIADJH93		NR	RIADJH99		NR	7.
4) (column A must equal Schedule RC, item 4.c).............................................

Dollar amounts in thousands
1. Not applicable
2. Not applicable
3. Not applicable
4. Not applicable
5. Provisions for credit losses on other financial assets measured at amortized cost (not included in item 5, above)1...	RIADJJ02
6. Allowance for credit losses on other financial assets measured at amortized cost (not included in item 7, above)1...	RCONJJ03
7. Provisions for credit losses on off-balance-sheet credit exposures.............................................................................	RIADMG93

M.1.

M.2.

M.3.

M.4.

NR M.5.

NR M.6.

NR M.7.

1. Institutions that have not yet adopted ASU 2016-13 should report write-downs arising from transfers of loans to a held-for-sale account in item 4, column A.
2. Institutions that have not yet adopted ASU 2016-13 should report the provision for loan and lease losses in item 5, column A and the amount reported must equal Schedule RI, item 4.

*.	Describe on Schedule RI-E - Explanations.

1. Memorandum items 5, 6, and 7 are to be completed only by institutions that have adopted ASU 2016-13.

1. Memorandum items 5, 6, and 7 are to be completed only by institutions that have adopted ASU 2016-13.