CFC Quarterly Financial Performance
ASSET-SENSITIVE BALANCE SHEET
Loan Repricing
58% 59%
55%
June 30, 2022
March 31, 2023
June 30, 2023
21%
18% 17%
13% 14%
10%
6% 6%
7%
4%
4%
5%
1% 1% 1%
Three months
or less
Over three months
12 months
Over one year
three years
Over three years
-
-five years
Over five years
- 15 years
Over 15 years
Bank will Benefit when Rates Increase
• Asset sensitive
59% of our assets reprice within 3 months
as of June 30, 2023, up from 55% at
June 30, 2022
Community Bank Loans:
2.8 years weighted average reprice
• 7.22 years weighted average maturity
CCBX loans:
•
Portion of rate that bank retains reprices as
Fed Funds rate changes
• 97% of CCBX loans are included in "three
months or less" in chart above
Loan Strategy:
shorter term loans
interest rate swaps
● variable rate loans
Deposit Strategy:
Funding from noninterest bearing
deposits, savings and money markets vs.
term deposits (ex. time deposits)
CCBX deposit costs after exceeding the
floor, deposits reprice as the Fed Funds
rate changes
Note: Data as of and for the quarter ended June 30, 2023 unless otherwise indicated.
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