PBCO Financial Corporation Reports Fourth Quarter and Annual 2024 Results
PBCO Financial reported strong financial results for Q4 2024, with net income of $2.7 million and earnings per share of $0.51, up from $1.9 million and $0.36 in Q3 2024. The company's annual earnings per share significantly improved to $1.52 in 2024 from $0.19 in 2023.
Key performance indicators showed positive trends with net interest margin increasing to 3.67%, a 16 basis points rise from the previous quarter. Total deposits grew by 7.0% year-over-year, while the loan portfolio increased by 5.8%. The bank's loan yield improved to 6.06% in Q4 2024 compared to 5.68% in Q4 2023.
The company's tangible book value per share increased to $15.84 from $13.86 at the prior year-end, while maintaining a strong leverage ratio of 13.92%. However, due to higher market rates, the company's AOCI book loss increased to $12.3 million in Q4 from $10.0 million in Q3 2024.
PBCO Financial ha riportato forti risultati finanziari per il Q4 2024, con un reddito netto di $2,7 milioni e un utile per azione di $0,51, in aumento rispetto a $1,9 milioni e $0,36 nel Q3 2024. Gli utili annuali per azione dell'azienda sono notevolmente migliorati a $1,52 nel 2024 rispetto a $0,19 nel 2023.
Gli indicatori chiave di performance hanno mostrato tendenze positive, con un margine di interesse netto che è aumentato a 3,67%, un incremento di 16 punti base rispetto al trimestre precedente. I depositi totali sono cresciuti del 7,0% rispetto all'anno precedente, mentre il portafoglio prestiti è aumentato del 5,8%. Il rendimento dei prestiti della banca è migliorato al 6,06% nel Q4 2024 rispetto al 5,68% nel Q4 2023.
Il valore contabile tangibile per azione dell'azienda è aumentato a $15,84 rispetto a $13,86 alla fine dell'anno precedente, mantenendo un solido rapporto di leva finanziaria del 13,92%. Tuttavia, a causa di tassi di mercato più elevati, la perdita contabile AOCI dell'azienda è aumentata a $12,3 milioni nel Q4 rispetto a $10,0 milioni nel Q3 2024.
PBCO Financial reportó resultados financieros sólidos para el Q4 2024, con un ingreso neto de $2.7 millones y ganancias por acción de $0.51, un aumento desde $1.9 millones y $0.36 en el Q3 2024. Las ganancias anuales por acción de la empresa mejoraron significativamente a $1.52 en 2024 desde $0.19 en 2023.
Los indicadores clave de rendimiento mostraron tendencias positivas, con el margen de interés neto aumentando a 3.67%, un incremento de 16 puntos básicos con respecto al trimestre anterior. Los depósitos totales crecieron un 7.0% interanual, mientras que la cartera de préstamos aumentó un 5.8%. El rendimiento de los préstamos del banco mejoró al 6.06% en el Q4 2024 en comparación con el 5.68% en el Q4 2023.
El valor contable tangible por acción de la empresa aumentó a $15.84 desde $13.86 al final del año anterior, manteniendo un sólido ratio de apalancamiento del 13.92%. Sin embargo, debido a tasas de mercado más altas, la pérdida contable AOCI de la empresa aumentó a $12.3 millones en el Q4 desde $10.0 millones en el Q3 2024.
PBCO Financial는 2024년 4분기에 강력한 재무 결과를 보고했으며, 순이익은 $2.7 백만이며 주당 순이익은 $0.51로, 2024년 3분기의 $1.9 백만과 $0.36에서 증가했습니다. 회사의 연간 주당 순이익은 2023년의 $0.19에서 2024년에는 $1.52로 크게 개선되었습니다.
주요 성과 지표는 긍정적인 추세를 보였으며, 순이자 마진은 3.67%로 증가했으며, 이는 이전 분기 대비 16 베이시스 포인트 상승한 것입니다. 총 예금은 전년 대비 7.0% 증가했으며, 대출 포트폴리오는 5.8% 증가했습니다. 은행의 대출 수익률은 2024년 4분기에 5.68%에서 6.06%로 개선되었습니다.
회사의 유형 자산가치(주당)는 작년 말 $13.86에서 $15.84로 증가했으며, 13.92%의 견고한 레버리지 비율을 유지하고 있습니다. 그러나 높은 시장 금리로 인해 회사의 AOCI 장부 손실은 2024년 4분기에 $10.0 백만에서 $12.3 백만으로 증가했습니다.
PBCO Financial a rapporté de solides résultats financiers pour le T4 2024, avec un revenu net de $2,7 millions et un bénéfice par action de $0,51, contre $1,9 million et $0,36 au T3 2024. Le bénéfice par action annuel de l'entreprise a considérablement augmenté à $1,52 en 2024 par rapport à $0,19 en 2023.
Les indicateurs clés de performance ont montré des tendances positives, avec une marge d'intérêt nette augmentant à 3,67%, soit une augmentation de 16 points de base par rapport au trimestre précédent. Les dépôts totaux ont augmenté de 7,0 % d'une année sur l'autre, tandis que le portefeuille de prêts a augmenté de 5,8 %. Le rendement des prêts de la banque s'est amélioré à 6,06 % au T4 2024 par rapport à 5,68 % au T4 2023.
La valeur nette tangible par action de l'entreprise a augmenté de $13,86 à $15,84 par rapport à la fin de l'année précédente, tout en maintenant un ratio d'endettement solide de 13,92 %. Cependant, en raison de taux de marché plus élevés, la perte comptable AOCI de l'entreprise a augmenté à $12,3 millions au T4 par rapport à $10,0 millions au T3 2024.
PBCO Financial hat starke Finanzergebnisse für das Q4 2024 gemeldet, mit einem Nettogewinn von $2,7 Millionen und einem Gewinn pro Aktie von $0,51, im Vergleich zu $1,9 Millionen und $0,36 im Q3 2024. Der jährliche Gewinn pro Aktie des Unternehmens verbesserte sich deutlich auf $1,52 im Jahr 2024, verglichen mit $0,19 im Jahr 2023.
Die wichtigsten Leistungskennzahlen zeigten positive Trends, mit einer Erhöhung der Nettozinsspanne auf 3,67%, einem Anstieg um 16 Basispunkte im Vergleich zum vorherigen Quartal. Die Gesamteinlagen wuchsen im Jahresvergleich um 7,0%, während das Kreditportfolio um 5,8% zunahm. Die Kreditrendite der Bank verbesserte sich im Q4 2024 auf 6,06% im Vergleich zu 5,68% im Q4 2023.
Der greifbare Buchwert pro Aktie des Unternehmens stieg von $13,86 zum Ende des Vorjahres auf $15,84, während ein solides Eigenkapitalverhältnis von 13,92% aufrechterhalten wurde. Aufgrund höherer Marktzinssätze stieg jedoch der AOCI-Buchverlust des Unternehmens im Q4 auf $12,3 Millionen aus $10,0 Millionen im Q3 2024.
- Net income increased to $2.7M in Q4 2024 from $1.9M in Q3 2024
- EPS grew significantly to $1.52 in 2024 from $0.19 in 2023
- Net interest margin improved by 48 basis points YoY to 3.67%
- Total deposits increased by 7.0% year-over-year
- Loan portfolio grew 5.8% year-over-year
- Loan yield improved to 6.06% from 5.68% YoY
- Non-interest expenses decreased 7.5% YoY
- AOCI book loss increased to $12.3M from $10.0M in Q3
- Non-interest income decreased by $1.2M compared to 2023
- Flat loan growth in second half of 2024 due to December prepayments
Highlights
-
Net interest margin of
3.67% which increased by 16 basis points compared to prior quarter and 48 basis points over the same quarter prior year -
Return on average assets increased to
1.34% compared to0.97% in the prior quarter -
7.0% increase in total deposits compared to prior year -
Tangible book value per share increased to
$15.84 $13.86
“2024 was a pivotal year for the Bank after taking action on two key strategic business decisions at the end of 2023. We sold a portion of the investment securities portfolio to reposition our balance sheet and improve the net interest margin and we dissolved our mortgage department which contributed to improved operating efficiency,” reported Julia Beattie, President & CEO. “I am pleased that we were able to achieve our goals of improved profitability and positive deposit growth during my first full year as CEO, and I look forward to building on this progress moving forward,” added Beattie.
During 2024, the Bank’s loan portfolio increased
Total deposits grew
The investment portfolio decreased
Non-interest income was
Non-interest expenses totaled
The Bank’s leverage ratio was
About PBCO Financial Corporation
PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO. Additional information about the Company is available in the investor section of the Company’s website at: www.peoplesbank.bank.
Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as People’s Bank or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe People’s Bank’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
| Consolidated Balance Sheets | ||||||||||||||||||||
| (Dollars in 000's) | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 12/31/2023 | |||||||||||||||
| BALANCE SHEET | ||||||||||||||||||||
| ASSETS | ||||||||||||||||||||
| Cash and due from banks | $ |
7,247 |
|
$ |
5,563 |
|
$ |
4,679 |
|
$ |
5,592 |
|
$ |
6,926 |
|
|||||
| Federal funds sold |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|||||
| Interest bearing deposits |
|
42,588 |
|
|
21,015 |
|
|
16,125 |
|
|
13,303 |
|
|
13,127 |
|
|||||
| Investment securities |
|
132,606 |
|
|
139,564 |
|
|
144,321 |
|
|
148,601 |
|
|
154,228 |
|
|||||
| Loans held for sale |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|||||
| Loans held for investment, net of unearned income |
|
546,599 |
|
|
552,307 |
|
|
552,014 |
|
|
547,229 |
|
|
516,697 |
|
|||||
| Total Loans, net of deferred fees and costs |
|
546,599 |
|
|
552,307 |
|
|
552,014 |
|
|
547,229 |
|
|
516,697 |
|
|||||
| Allowance for loan losses |
|
(5,627 |
) |
|
(6,190 |
) |
|
(6,066 |
) |
|
(6,029 |
) |
|
(5,863 |
) |
|||||
| Premises and equipment, net |
|
29,125 |
|
|
28,626 |
|
|
27,752 |
|
|
29,727 |
|
|
30,001 |
|
|||||
| Bank owned life insurance |
|
17,222 |
|
|
17,082 |
|
|
16,911 |
|
|
16,777 |
|
|
16,637 |
|
|||||
| Other Assets |
|
28,817 |
|
|
29,162 |
|
|
32,301 |
|
|
33,550 |
|
|
31,524 |
|
|||||
| Total assets | $ |
798,577 |
|
$ |
787,129 |
|
$ |
788,037 |
|
$ |
788,750 |
|
$ |
763,277 |
|
|||||
| LIABILITIES | ||||||||||||||||||||
| Deposits | ||||||||||||||||||||
| Demand - non-interest bearing | $ |
252,441 |
|
$ |
275,838 |
|
$ |
269,634 |
|
$ |
256,558 |
|
$ |
272,945 |
|
|||||
| Demand - interest bearing |
|
200,029 |
|
|
170,685 |
|
|
167,421 |
|
|
165,547 |
|
|
142,043 |
|
|||||
| Money market and savings |
|
208,455 |
|
|
201,703 |
|
|
195,359 |
|
|
187,329 |
|
|
186,875 |
|
|||||
| Time deposits of less than |
|
9,334 |
|
|
10,392 |
|
|
10,282 |
|
|
16,697 |
|
|
16,771 |
|
|||||
| Time deposits of more than |
|
3,535 |
|
|
4,631 |
|
|
5,991 |
|
|
9,420 |
|
|
11,147 |
|
|||||
| Total deposits | $ |
673,794 |
|
$ |
663,249 |
|
$ |
648,687 |
|
$ |
635,551 |
|
$ |
629,781 |
|
|||||
| Borrowed funds |
|
28,593 |
|
|
28,980 |
|
|
50,426 |
|
|
67,517 |
|
|
49,756 |
|
|||||
| Other liabilities |
|
8,570 |
|
|
8,140 |
|
|
7,929 |
|
|
7,067 |
|
|
6,151 |
|
|||||
| Total liabilities | $ |
710,957 |
|
$ |
700,369 |
|
$ |
707,042 |
|
$ |
710,135 |
|
$ |
685,688 |
|
|||||
| STOCKHOLDERS' EQUITY | ||||||||||||||||||||
| Common stock, surplus & retained earnings | $ |
99,907 |
|
$ |
96,769 |
|
$ |
94,837 |
|
$ |
93,076 |
|
$ |
91,399 |
|
|||||
| Accumulated other comprehensive income, net of tax |
|
(12,287 |
) |
|
(10,009 |
) |
|
(13,842 |
) |
|
(14,461 |
) |
|
(13,810 |
) |
|||||
| Total stockholders' equity | $ |
87,620 |
|
$ |
86,760 |
|
$ |
80,995 |
|
$ |
78,615 |
|
$ |
77,589 |
|
|||||
| Total liabilities & stockholders' equity | $ |
798,577 |
|
$ |
787,129 |
|
$ |
788,037 |
|
$ |
788,750 |
|
$ |
763,277 |
|
|||||
| Consolidated Statements of Income | ||||||||||||||||||||
| (Dollars in 000's) | 4th Quarter 2024 |
3rd Quarter 2024 |
2nd Quarter 2024 |
1st Quarter 2024 |
4th Quarter 2023 |
|||||||||||||||
| INCOME STATEMENT | ||||||||||||||||||||
| INTEREST INCOME | ||||||||||||||||||||
| Loans | $ |
8,575 |
|
$ |
8,397 |
|
$ |
8,271 |
|
$ |
7,907 |
|
$ |
7,399 |
|
|||||
| Investments |
|
524 |
|
|
557 |
|
|
584 |
|
|
621 |
|
|
766 |
|
|||||
| Federal funds sold and due from banks |
|
447 |
|
|
292 |
|
|
181 |
|
|
133 |
|
|
195 |
|
|||||
| Total interest income |
|
9,546 |
|
|
9,246 |
|
|
9,036 |
|
|
8,661 |
|
|
8,360 |
|
|||||
| INTEREST EXPENSE | ||||||||||||||||||||
| Deposits |
|
2,566 |
|
|
2,582 |
|
|
2,276 |
|
|
2,121 |
|
|
1,885 |
|
|||||
| Borrowed funds |
|
262 |
|
|
342 |
|
|
575 |
|
|
676 |
|
|
794 |
|
|||||
| Total interest expense |
|
2,828 |
|
|
2,924 |
|
|
2,851 |
|
|
2,797 |
|
|
2,679 |
|
|||||
| NET INTEREST INCOME |
|
6,718 |
|
|
6,322 |
|
|
6,185 |
|
|
5,864 |
|
|
5,681 |
|
|||||
| Provision for loan losses |
|
(506 |
) |
|
149 |
|
|
52 |
|
|
175 |
|
|
286 |
|
|||||
| Net interest income after provision for | ||||||||||||||||||||
| loan losses |
|
7,224 |
|
|
6,173 |
|
|
6,133 |
|
|
5,689 |
|
|
5,395 |
|
|||||
| NONINTEREST INCOME | ||||||||||||||||||||
| Service charges |
|
119 |
|
|
113 |
|
|
118 |
|
|
124 |
|
|
115 |
|
|||||
| Mortgage lending income |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
183 |
|
|||||
| Steelhead finance income |
|
1,181 |
|
|
1,185 |
|
|
1,181 |
|
|
1,202 |
|
|
1,192 |
|
|||||
| BOLI Income |
|
139 |
|
|
137 |
|
|
134 |
|
|
134 |
|
|
155 |
|
|||||
| Other non-interest income |
|
456 |
|
|
572 |
|
|
517 |
|
|
503 |
|
|
633 |
|
|||||
| Total noninterest income |
|
1,895 |
|
|
2,007 |
|
|
1,950 |
|
|
1,963 |
|
|
2,278 |
|
|||||
| NONINTEREST EXPENSE | ||||||||||||||||||||
| Salaries and employee benefits |
|
3,013 |
|
|
3,220 |
|
|
3,374 |
|
|
3,374 |
|
|
3,804 |
|
|||||
| Occupancy & equipment expense |
|
894 |
|
|
800 |
|
|
906 |
|
|
881 |
|
|
899 |
|
|||||
| Advertising expense |
|
119 |
|
|
92 |
|
|
118 |
|
|
86 |
|
|
115 |
|
|||||
| Professional expenses |
|
220 |
|
|
175 |
|
|
260 |
|
|
234 |
|
|
206 |
|
|||||
| Data processing expense |
|
375 |
|
|
336 |
|
|
338 |
|
|
316 |
|
|
355 |
|
|||||
| Loss on sale of investments |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
6,814 |
|
|||||
| Other operating expenses |
|
877 |
|
|
1,003 |
|
|
701 |
|
|
493 |
|
|
724 |
|
|||||
| Total noninterest expense |
|
5,498 |
|
|
5,626 |
|
|
5,697 |
|
|
5,384 |
|
|
12,917 |
|
|||||
| Income before taxes |
|
3,621 |
|
|
2,554 |
|
|
2,386 |
|
|
2,268 |
|
|
(5,244 |
) |
|||||
| Provision for income taxes |
|
904 |
|
|
622 |
|
|
625 |
|
|
590 |
|
|
(1,338 |
) |
|||||
| NET INCOME | $ |
2,717 |
|
$ |
1,932 |
|
$ |
1,761 |
|
$ |
1,678 |
|
$ |
(3,906 |
) |
|||||
| Shares outstanding end of quarter |
|
5,298,464 |
|
|
5,298,464 |
|
|
5,307,057 |
|
|
5,328,535 |
|
|
5,327,035 |
|
|||||
| Average diluted shares outstanding |
|
5,311,751 |
|
|
5,300,957 |
|
|
5,321,376 |
|
|
5,328,035 |
|
|
5,326,035 |
|
|||||
| Earnings per share | $ |
0.51 |
|
$ |
0.36 |
|
$ |
0.33 |
|
$ |
0.31 |
|
$ |
(0.73 |
) |
|||||
| Diluted earnings per share | $ |
0.51 |
|
$ |
0.36 |
|
$ |
0.33 |
|
$ |
0.31 |
|
$ |
(0.73 |
) |
|||||
| (Dollars in 000's) | 12/31/2024 | 9/30/2024 | 6/30/2024 | 3/31/2024 | 12/31/2023 | |||||||||||||||
| Performance Ratios | ||||||||||||||||||||
| Return on average assets |
|
1.34 |
% |
|
0.97 |
% |
|
0.90 |
% |
|
0.85 |
% |
|
-1.97 |
% |
|||||
| Return on average equity |
|
12.46 |
% |
|
9.26 |
% |
|
8.90 |
% |
|
8.60 |
% |
|
-22.02 |
% |
|||||
| Net interest margin |
|
3.67 |
% |
|
3.51 |
% |
|
3.49 |
% |
|
3.31 |
% |
|
3.19 |
% |
|||||
| Yield on loans |
|
6.06 |
% |
|
6.17 |
% |
|
6.05 |
% |
|
5.83 |
% |
|
5.68 |
% |
|||||
| Cost of deposits |
|
1.49 |
% |
|
1.54 |
% |
|
1.41 |
% |
|
1.33 |
% |
|
1.16 |
% |
|||||
| Efficiency ratio excluding non-recurring expenses |
|
63.83 |
% |
|
67.55 |
% |
|
70.03 |
% |
|
68.79 |
% |
|
72.40 |
% |
|||||
| Full-time equivalent employees |
|
135 |
|
|
134 |
|
|
132 |
|
|
132 |
|
|
132 |
|
|||||
| Capital | ||||||||||||||||||||
| Community Bank Leverage Ratio |
|
13.92 |
% |
|
13.71 |
% |
|
13.44 |
% |
|
13.18 |
% |
|
13.39 |
% |
|||||
| Book value per share | $ |
16.54 |
|
$ |
16.37 |
|
$ |
15.26 |
|
$ |
14.75 |
|
$ |
14.57 |
|
|||||
| Tangible book value per share | $ |
15.84 |
|
$ |
15.67 |
|
$ |
14.56 |
|
$ |
14.05 |
|
$ |
13.86 |
|
|||||
| Asset Quality | ||||||||||||||||||||
| Allowance for loan losses (ALLL) | $ |
5,627 |
|
$ |
6,190 |
|
$ |
6,066 |
|
$ |
6,029 |
|
$ |
5,863 |
|
|||||
| Nonperforming loans (NPLs) | $ |
944 |
|
$ |
2,225 |
|
$ |
1,127 |
|
$ |
412 |
|
$ |
733 |
|
|||||
| Nonperforming assets (NPAs) | $ |
944 |
|
$ |
2,225 |
|
$ |
1,127 |
|
$ |
618 |
|
$ |
939 |
|
|||||
| Classified assets(2) | $ |
8,119 |
|
$ |
9,493 |
|
$ |
8,775 |
|
$ |
6,442 |
|
$ |
6,549 |
|
|||||
| ALLL as a percentage of loans |
|
1.03 |
% |
|
1.12 |
% |
|
1.10 |
% |
|
1.10 |
% |
|
1.13 |
% |
|||||
| Net charge offs (recoveries) to average loans |
|
0.01 |
% |
|
0.00 |
% |
|
0.00 |
% |
|
0.00 |
% |
|
0.01 |
% |
|||||
| Nonperforming assets as a percentage of total assets |
|
0.12 |
% |
|
0.28 |
% |
|
0.14 |
% |
|
0.08 |
% |
|
0.12 |
% |
|||||
| Classified Asset Ratio(3) |
|
8.71 |
% |
|
10.21 |
% |
|
10.08 |
% |
|
7.61 |
% |
|
7.85 |
% |
|||||
| Past due as a percentage of total loans |
|
0.49 |
% |
|
0.46 |
% |
|
0.46 |
% |
|
0.55 |
% |
|
0.14 |
% |
|||||
| End of period balances | ||||||||||||||||||||
| Total securities and short term deposits | $ |
175,194 |
|
$ |
160,579 |
|
$ |
160,446 |
|
$ |
161,904 |
|
$ |
167,355 |
|
|||||
| Total loans | $ |
546,599 |
|
$ |
552,307 |
|
$ |
552,014 |
|
$ |
547,229 |
|
$ |
516,697 |
|
|||||
| Total earning assets | $ |
721,793 |
|
$ |
712,886 |
|
$ |
712,460 |
|
$ |
709,133 |
|
$ |
684,052 |
|
|||||
| Intangible assets | $ |
3,711 |
|
$ |
3,717 |
|
$ |
3,729 |
|
$ |
3,741 |
|
$ |
3,753 |
|
|||||
| Total assets | $ |
798,577 |
|
$ |
787,129 |
|
$ |
788,037 |
|
$ |
788,750 |
|
$ |
763,277 |
|
|||||
| Total noninterest bearing deposits | $ |
252,441 |
|
$ |
275,838 |
|
$ |
269,634 |
|
$ |
256,558 |
|
$ |
272,945 |
|
|||||
| Total deposits | $ |
673,794 |
|
$ |
663,249 |
|
$ |
648,687 |
|
$ |
635,551 |
|
$ |
629,781 |
|
|||||
| Average balances | ||||||||||||||||||||
| Total securities and short term deposits | $ |
178,899 |
|
$ |
170,092 |
|
$ |
159,413 |
|
$ |
165,584 |
|
$ |
201,788 |
|
|||||
| Total loans | $ |
553,846 |
|
$ |
544,610 |
|
$ |
547,139 |
|
$ |
536,255 |
|
$ |
504,002 |
|
|||||
| Total earning assets | $ |
732,745 |
|
$ |
714,702 |
|
$ |
706,552 |
|
$ |
701,839 |
|
$ |
705,790 |
|
|||||
| Total assets | $ |
808,874 |
|
$ |
796,086 |
|
$ |
785,232 |
|
$ |
787,127 |
|
$ |
794,196 |
|
|||||
| Total noninterest bearing deposits | $ |
253,070 |
|
$ |
266,179 |
|
$ |
254,771 |
|
$ |
255,204 |
|
$ |
273,413 |
|
|||||
| Total deposits | $ |
683,359 |
|
$ |
670,056 |
|
$ |
647,351 |
|
$ |
642,420 |
|
$ |
643,015 |
|
|||||
| (1) Effective March 31, 2020, People's Bank of Commerce opted into the Community Bank Leverage Ratio and is no longer calculating risk based capital ratios. | ||||||||||||||||||||
| (2) Classified assets are defined as the sum of all loan-related contingent liabilities and loans internally graded substandard or worse, impaired loans (net of government guarantees), adversely classified securities, and other real estate owned. | ||||||||||||||||||||
| (3) Classified asset ratio is defined as the sum of all loan related contingent liabilities and loans internally graded substandard or worse, impaired loans (net of government guarantees), adversely classified securities, and other real estate owned, divided by bank Tier 1 capital, plus the allowance for loan losses. | ||||||||||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250122071726/en/
Julia Beattie, President & CEO
(541) 608-8920, julia.beattie@peoplesbank.bank
Source: PBCO Financial Corporation
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