CFC Quarterly Financial Performance
DEPOSITS
FINANCIAL STABILITY
INVESTMENTS
Deposits increased $67.3 million, or 2.2%,
during the three months ended June 30, 2023
Includes $240.3 million in fully insured IntraFi
network sweep deposits as of June 30, 2023,
compared to $94.3 million as of March 31, 2023
Fully Insured IntraFi Network Sweep Deposits
(in millions)
$94.3
$240.3
Available for Sale Securities:
о
о
$17.2
June 30,
2022
March 31,
2023
June 30,
2023
о
$98.2 million as of June 30, 2023; 99.7% are U.S.
Treasuries
Weighted average remaining duration of 8 months
$2.1 million of unrealized losses, or 0.78%, of
shareholders' equity as of June 30, 2023
Expected to accrete back into equity at an average
of approximately $700,000 a quarter
Held to Maturity Securities:
$12.6 million as of June 30, 2023, with a fair market
value of $12.2 million
100% are U.S. Agency mortgage backed securities
held for CRA purposes
Weighted average remaining duration of 6.7 years
CASH & BORROWINGS
$812.1
Uninsured Deposits
(in millions)
$768.3
$632.1
June 30,
2022
March 31,
2023
June 30,
2023
Note: Data as of three months ended June 30, 2023 unless otherwise indicated
Combined $834.8 million cash and borrowing capacity
Represents 26.4% of total deposits at June 30, 2023
Exceeds $632.1 million uninsured deposits as of June 30,
2023
Uninsured deposits include $85.0 million in CCBX cash
reserves that are controlled by the Bank
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