Croghan Bancshares : Quarterly Report

Croghan Bancshares Financial Information

Newsletter Financial Information

		Year to Date			Three Months Ended
		12/31/21		12/31/20		12/31/21		12/31/20
Financial Information (unaudited)
Interest income	$	39,818,000	$	38,583,000	$	9,672,000	$	10,056,000
Interest expense		1,784,000		2,692,000		399,000		553,000
Net interest income		38,034,000		35,891,000		9,273,000		9,503,000
Provision for loan losses		825,000		2,475,000		175,000		750,000
Net interest income after provision		37,209,000		33,416,000		9,098,000		8,753,000
for loan losses
Other non-interest income		8,309,000		8,290,000		2,043,000		2,328,000
Non-interest expenses		26,988,000		25,122,000		6,965,000		6,434,000
Income before federal income taxes		18,530,000		16,584,000		4,176,000		4,647,000
Federal income taxes		3,298,000		2,865,000		739,000		846,000
Net income	$	15,232,000	$	13,719,000	$	3,437,000	$	3,801,000

Period End Balances		As of
		12/31/21		12/31/20
Cash and cash equivalents	$	45,801,000	$	32,461,000
Securities	$	364,604,000	$	234,371,000
Loans	$	642,889,000	$	710,526,000
Less allowance for loan loss	$	8,769,000	$	8,256,000
Other assets	$	67,877,000	$	59,350,000
Total assets	$	1,112,402,000	$	1,028,452,000
Deposits	$	908,687,000	$	814,898,000
Other liabilities	$	63,659,000	$	77,705,000
Stockholders' equity	$	140,056,000	$	135,849,000
Total liabilities and capital	$	1,112,402,000	$	1,028,452,000
Common shares outstanding		2,198,013		2,230,609
Per Share Data (Basic)		Year to Date
		12/31/21		12/31/20
Net income	$	6.87	$	6.12
Cash dividends declared	$	2.16	$	2.00
Book value	$	63.72	$	60.90
Tangible book value	$	53.41	$	50.64
Closing price	$	64.00	$	52.00
Financial Ratios
		12/31/21		12/31/20
Return on average assets		1.40%		1.41%
Return on average equity		10.89%		10.45%
Net interest margin		3.77%		3.99%
Loans to deposits		70.75%		87.19%
Average common shares outstanding		2,218,188		2,242,404