Citizens Bancorp Investment, Inc.
Consolidated Balance Sheet (Unaudited)
(In Thousands, Except Per Share Data)
Assets
June 30 | June 30 |
2022 | 2021 |
Cash and Due from Banks - Noninterest-bearing | 23,779 | 21,531 | ||||
Due from Banks - Interest-bearing | 85,101 | 194,321 | ||||
Securities in Available for Sale | 419,413 | 328,619 | ||||
Federal Funds Sold | 1,000 | 1,000 | ||||
Loans and Leases | 875,901 | 794,005 | ||||
Less: Allowance for Loan & Lease Losses | (11,270) | (10,485) | ||||
Loans and Leases - Net of Allowance | 864,631 | 783,520 | ||||
Fixed Assets | 20,365 | 20,870 | ||||
Goodwill and Other Intangible Assets | 22,486 | 21,198 | ||||
Cash Surrender Value of Life Insurance | 20,093 | 19,698 | ||||
Annuity Investments | 3,766 | 3,820 | ||||
Accrued Interest Receivable | 5,096 | 5,038 | ||||
Other Real Estate | 40 | 40 | ||||
Other Assets | 17,106 | 8,090 | ||||
Total Assets | $ | 1,482,876 | $ | 1,407,745 | ||
Liabilities | ||||||
Deposits - Noninterest-bearing | 282,409 | 246,160 | ||||
Deposits - Interest-bearing | 1,047,402 | 976,672 | ||||
Total Deposits | 1,329,811 | 1,222,832 | ||||
FHLB Borrowing and Other Borrowings | 30,985 | 45,530 | ||||
Other Liabilities | 5,844 | 6,742 | ||||
Total Liabilities | 1,366,640 | 1,275,104 | ||||
Stockholders' Equity | ||||||
Total Stockholder's Equity | 116,236 | 132,641 | ||||
Total Liabilities and Stockholder's Equity | $ | 1,482,876 | $ | 1,407,745 | ||
Common Stock Information | ||||||
Common Shares Outstanding | 5,881,000 | 5,872,200 | ||||
Book Value Per Share | $ | 19.76 | $ | 22.59 | ||
Tangible Book Value Per Share | $ | 15.94 | $ | 19.11 | ||
Most Recent Stock Price | $ | 43.00 | $ | 30.00 | ||
Capital Ratios | ||||||
Equity to Assets Ratio | 7.84% | 9.42% | ||||
Tangible Equity to Assets Ratio | 6.32% | 7.97% |
Asset Quality Ratios
Net Charge-Offs to Average Loans (Annualized) | -0.01% | 0.04% |
Allowance for Loan Losses to Loans | 1.29% | 1.32% |
Citizens Bancorp Investment, Inc.
Consolidated Statements of Income (Unaudited)
(In Thousands, Except Per Share Data)
Three Months Ended | Six Months Ended | |||
June 30 | June 30 | June 30 | June 30 | |
2022 | 2021 | 2022 | 2021 |
Interest Income
Interest Income and Fees on Loans
Interest Income on Interest-bearing Bank Balances
Interest Income on Securities
Interest Income on Federal Funds Sold
Other Interest Income
Total Interest Income
Interest Expense
Interest Expense on Deposits
Interest Expense on Borrowings
Total Interest Expense
Net Interest Income
Provision for Loan Losses
Net Interest Income after Provision
Noninterest Income
Gain on Sale of Loans Held for Sale
Debit and ATM Card Income
Service Charges & OD Fees on Deposits
Earnings on BOLI and Annuity Contracts
Net Servicing Income
Other noninterest income
Total Noninterest Income
Security Gains & Losses
Noninterest Expense
Salaries & Employee Benefits
Premises & Fixed Asset Expense
Data Processing
Professional Fees
Debt Card and ATM Expense
Other Noninterest Expense
Total Noninterest Expense
Net Income or (Loss) before Income Taxes | |
Unrealized Holding Gains or Losses MES | |
Provision for Income Taxes | |
Net Income or (Loss) | $ |
Performance Ratios | |
Net Income Per Share (Basic) | $ |
Net Income Per Share (Fully Diluted) | $ |
Return on Average Assets | |
Return on Average Equity | |
Net Interest Margin (FTE) | |
Efficiency Ratio |
10,513 | 11,784 | 20,676 | 23,621 | |||||
223 | 40 | 293 | 73 | |||||
1,932 | 1,390 | 3,553 | 2,562 | |||||
2 | - | 2 | - | |||||
30 | 35 | 51 | 62 | |||||
12,700 | 13,249 | 24,575 | 26,318 | |||||
954 | 1,022 | 1,901 | 2,242 | |||||
253 | 335 | 514 | 694 | |||||
1,207 | 1,357 | 2,415 | 2,936 | |||||
11,493 | ||||||||
11,892 | 22,160 | 23,382 | ||||||
311 | 406 | 494 | 812 | |||||
11,182 | 11,486 | 21,666 | 22,570 | |||||
171 | 540 | 446 | 1,378 | |||||
1,016 | 988 | 1,949 | 1,869 | |||||
879 | 583 | 1,742 | 1,191 | |||||
132 | 646 | 277 | 754 | |||||
499 | 140 | 1,159 | 270 | |||||
125 | 229 | 252 | 669 | |||||
2,823 | 3,127 | 5,826 | 6,131 | |||||
- | - | - | - | |||||
5,081 | 4,805 | 9,784 | 9,655 | |||||
848 | 828 | 1,689 | 1,596 | |||||
391 | 530 | 749 | 1,138 | |||||
216 | 283 | 389 | 472 | |||||
385 | 343 | 775 | 683 | |||||
1,399 | 1,552 | 2,855 | 3,041 | |||||
8,320 | 8,340 | 16,240 | 16,585 | |||||
5,685 | ||||||||
6,273 | 11,252 | 12,116 | ||||||
- | (2) | (3) | (4) | |||||
1,260 | 1,289 | 2,410 | 2,572 | |||||
4,425 | $ | 4,982 | $ | 8,839 | $ | 9,540 | ||
0.75 | $ | 0.85 | $ | 1.50 | $ | 1.62 | ||
0.74 | $ | 0.84 | $ | 1.48 | $ | 1.60 | ||
1.20% | 1.44% | 1.20% | 1.39% | |||||
15.04% | 15.47% | 14.34% | 14.89% | |||||
3.35% | 3.80% | 3.23% | 3.73% | |||||
58.1% | 55.5% | 58.0% | 56.2% |
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Disclaimer
Citizens Bancorp Investment Inc. published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 12:30:12 UTC.