CFC Quarterly Financial Performance
CFC SELECTED YEAR-END FINANCIALS
(Dollars in thousands, except per share data)
Statement of Income Data:
Total interest income
Total interest expense
Provision for loan losses
Net interest income after provision for loan losses
Total noninterest income
Total noninterest expense
Provision for income taxes
Net income
Balance Sheet Data:
Cash and cash equivalents
Investment securities
Loans
Allowance for loan losses
Total assets
Interest-bearing deposits
Noninterest-bearing deposits
Total deposits
Total borrowings
Total shareholders' equity
2022
As of and for the Year Ended December 31,
2021
2020
2019
2018
192,170
$
83,083
$
63,038
$
48,587
$
38,743
20,395
3,646
5,652
6,576
3,926
79,064
9,915
8,308
2,544
1,826
92,711
69,522
49,078
39,467
32,991
124,684
28,118
8,182
8,258
5,467
166,774
63,263
38,119
31,063
26,216
9,996
7,372
3,995
3,461
2,541
40,625
27,005
15,146
13,201
9,701
$
342,139 $
813,161
$
163,117
$
127,814
$
125,782
98,353
36,623
2,627,256
1,742,735
23,247
1,547,138
32,710
37,922
939,103
767,899
(74,029)
(28,632)
(19,262)
(11,470)
(9,407)
3,144,467
2,635,517
1,766,122
1,128,526
952,110
2,042,509
1,007,879
829,046
596,716
510,089
775,012
1,355,908
592,261
371,243
293,525
2,817,521
2,363,787
1,421,307
967,959
803,614
47,587
52,873
192,292
23,562
33,546
243,493
201,222
140,217
124,173
109,156
Share and Per Share Data: (1)
Shares outstanding at end of period
13,161,147
12,875,315
11,954,327
11,913,885
11,893,203
Weighted average common shares outstanding-diluted
13,603,978
12,701,464
12,209,371
12,196,120
10,608,764
Book value per share
18.50
15.63
$
11.73
$
10.42
$
9.18
Tangible book value per share (2)
18.50
15.63
11.73
10.42
9.18
Earnings per share - basic
3.14
2.25
1.27
1.11
0.93
3.01
2.16
1.24
1.08
0.91
Earnings per share - diluted
Performance Ratios:
Return on average assets
Return on average shareholders' equity
Credit Quality Ratios:
Nonperforming assets to total assets
Nonperforming assets to total loans and OREO
Nonperforming loans to total loans
Allowance for loan losses to total loans
Net charge-offs to average loans
1.38%
1.24%
0.98%
1.28%
1.14%
18.24%
17.24%
11.44%
11.29%
11.40%
1.06%
0.07%
0.04%
0.09%
0.19%
1.26%
0.10%
0.05%
0.11%
0.24%
1.26%
0.10%
0.05%
0.11%
0.24%
2.82%
1.64%
1.25%
1.22%
1.23%
1.49%
0.03%
0.04%
0.06%
0.06%
(1) Share and per share amounts are based on total actual or average common shares outstanding, as applicable.
(2)
Tangible book value per share is a non-GAAP measure. Since there is no goodwill or other intangible assets as of the dates indicated, tangible book value per share is the
same as book value per share as of each of the dates indicated.
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