CFC Quarterly Financial Performance
SEGMENT OVERVIEW - Community Bank and CCBX (for the three months ended)
Average Cost of Deposits
(annualized)
Average Yield - Loans Receivable
(annualized)
16.95%
16.09%
5.00%
4.00%
3.00%
2.00%
0.56%
1.00%
0.25%
―%
0.08%
4.42%
17.50%
3.89%
15.00%
12.35%
2.72%
12.50%
10.85%
2.13%
9.95%
10.00%
0.98%
7.50%
7.34%
5.00%
5.97%
6.28%
0.66%
2.50%
5.04%
-%
June 30, 2022
March 31, 2023
June 30, 2023
June 30, 2022
March 31, 2023
June 30, 2023
Community Bank
CCBX
Consolidated
Community Bank
CCBX - Gross (1)
Consolidated
Yield
Community Bank & CCBX-GAAP: Average Yield - Loans Receivable
CCBX - Net: Net BaaS Loan Income /Average CCBX Loans
Net Interest Margin
Community Bank & CCBX - GAAP: Net interest Income/Average
Earning Assets
CCBX - Net: Net Interest Income less BaaS Loan Expense/Average
Earning Assets
16.95%
17.50%
16.09%
12.50%
15.00%
10.15%
10.41%
12.35%
10.00%
8.46%
12.50%
9.40%
10.00%
9.98%
7.50%
7.50%
5.00%
4.55%
5.00%
5.25%
5.97%
6.28%
3.40%
5.08%
4.83%
4.66%
4.69%
2.50%
-%
5.04%
2.50%
-%
June 30, 2022
March 31, 2023
June 30, 2023
June 30, 2022
March 31, 2023
June 30, 2023
Community Bank
CCBX - Net (2)
CCBX - GAAP
Community Bank
CCBX-GAAP
CCBX - Net (3)
(1) CCBX - gross yield does not include the impact of BaaS loan expense. BaaS loan expense represents the amount paid or payable to partners for credit enhancement and servicing CCBX loans. To
determine net revenue (Net BaaS loan income) earned from CCBX loan relationships, the Company takes BaaS loan interest income and deducts BaaS loan expense to arrive at Net BaaS loan income which
can be compared to interest income on the Company's community bank loans.
(2) CCBX - net BaaS loan income represents BaaS loan interest income minus BaaS loan expense divided by average CCBX loans. This produces a ratio which can be compared to average yield of
community bank loans.
(3) Net interest margin, net of BaaS loan expense represents CCBX net interest income less BaaS loan expense divided by average earning assets. This produces a ratio that can be compared to net
interest margin of the community bank.
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