CFC Quarterly Financial Performance
STRONG ASSET QUALITY
NPAs / Total Assets
NPLs / Loans Receivable
1.52%
1.11%
(1)
1.26%
(1)
1.12%
(1)
1.06%
0.95% (1)
0.54%
0.32%
0.26%
0.27%
0.19%
0.20%
0.24%
0.25%
0.09%
0.04% 0.07%
0.11%
0.10%
0.05%
2015
2016 2017 2018 2019 2020 2021 2022 202022 2Q2023
2015
2016 2017 2018 2019 2020 2021
2022 202022 2Q2023
NPAs by Segment
(in thousands)
NPLs by Segment
(in thousands)
$26,328 (2)
$25,000
$24,562 (2)
$25,000
$26,328 (2)
$24,562 (2)
$20,000
$20,000
$15,000
$15,000
$10,000
$10,000
$6,982
$7,399
$6,982
$7,399
$5,580
$5,580
$5,000
$5,000
$231
$231
June 30, 2022
March 31, 2023
June 30, 2022
June 30, 2023
March 31, 2023
June 30, 2023
Community Bank
CCBX
Community Bank
CCBX
(1) These ratios are impacted by the increase in CCBX loans over 90 days delinquent that are covered by CCBX partner credit enhancements, see note below
for more information. CCBX loans represent 0.74% and 0.88% for NPAs/Total Assets and NPLs/Loans Receivable, respectively.
(2) Agreements with our CCBX partners provide for a credit enhancement which protects the Bank by absorbing incurred losses. Under the agreement, the
CCBX partner will reimburse the Bank for its loss/charge-off on these loans. Timing of the loss/charge-off varies depending on the type of loan; installment
loans are charged off at 120 days and credit cards and open ended lines at 180 days. Once the loss/charge-off occurs then the Bank will collect the loss
amount from the CCBX partner.
21View entire presentation