SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Press Release: The Community Financial -11-

· 02/05/2021 09:28
December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- (dollars in thousands) Balance % Balance % Balance % Balance % Balance % ----------------------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Noninterest-bearing demand $ 362,079 20.74% $ 360,839 20.28% $ 356,196 21.32% $ 254,114 16.80% $ 241,174 15.95% Interest-bearing: Demand 590,159 33.81 635,176 35.69 547,639 32.79 517,069 34.19 523,802 34.65 Money market deposits 340,725 19.52 329,617 18.52 314,781 18.85 281,656 18.62 283,438 18.75 Savings 98,783 5.66 90,514 5.09 85,257 5.10 73,874 4.88 69,254 4.58 Certificates of deposit 353,856 20.27 363,460 20.42 366,491 21.94 385,876 25.51 394,169 26.07 ---------- ------ ---------- ------ ---------- ------ ---------- ------ ---------- ------ Total interest-bearing 1,383,523 79.26 1,418,767 79.72 1,314,168 78.68 1,258,475 83.20 1,270,663 84.05As of ------------------------------------------------------------------------------ (dollars in thousands) 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 ----------------------- -------------- -------------- -------------- -------------- -------------- Classified loans Substandard $ 19,249 $ 26,863 $ 32,226 $ 40,306 $ 30,463 Doubtful -- -- -- -- 137 Loss -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- Total classified loans 19,249 26,863 32,226 40,306 30,600 Special mention loans 7,672 -- 96 -- ---------- ---------- -------------- ---------- ---------- Total classified and special mention loans $ 26,921 $ 26,863 $ 32,226 $ 40,402 $ 30,600 ====== ====== ====== ====== ====== Classified loans $ 19,249 $ 26,863 $ 32,226 $ 40,306 $ 30,600 Classified securities -- -- 482 651 883 Other real estate owned 3,109 7,773 8,111 9,341 7,763 ---------- ---------- ---------- ---------- ---------- Total classified assets $ 22,358 $ 34,636 $ 40,819 $ 50,298 $ 39,246 ====== ====== ====== ====== ====== Total classified assets as a percentage of total assets 1.10% 1.93% 2.42% 3.58% 2.94% Total classified assets as a percentage of Risk Based Capital 9.61% 16.21% 21.54% 32.10% 26.13%Three Months Ended December 31, September 30, June 30, March 31, December 31, (dollars in thousands) 2020 2020 2020 2020 2019 ----------------------- ------------- ------------- ------------ ------------ ------------- Beginning of period $18,829 $16,319 $15,061 $10,942 $11,252 Charge-offs (30) (65) (2,262) -- (1,155) Recoveries 25 75 20 19 40 ------- --- ------- --- ------- ------- --- ------- --- Net charge-offs (5) 10 (2,242) 19 (1,115) Provision for loan losses 600 2,500 3,500 4,100 805 ------- --- ------- --- ------- ------- --- ------- --- End of period $19,424 $18,829 $16,319 $15,061 $10,942 ====== === ====== === ====== ====== === ====== === Net charge-offs to average portfolio loans (annualized) -- % -- % 0.61 % --% 0.32 % Breakdown of general and specific allowance as a percentage of gross portfolio loans((1) () ------------------------------------------------------------------------------------------------- General allowance $18,068 $18,319 $16,215 $13,412 $10,114 Specific allowance 1,356 510 104 1,649 828 ------- --- ------- --- ------- ------- --- ------- --- $19,424 $18,829 $16,319 $15,061 $10,942 ====== === ====== === ====== ====== === ====== === General allowance 1.20 % 1.22 % 1.09 % 0.90% 0.70 % Specific allowance 0.09 % 0.03 % 0.01 % 0.11% 0.05 % Allowance to gross portfolio loans 1.29 % 1.26 % 1.09 % 1.01% 0.75 % Allowance to non-acquired gross portfolio loans 1.35 % 1.31 % 1.14 % 1.06% 0.79 % Allowance+ Non-PCI FV Mark $20,174 $19,643 $17,208 $16,096 $12,128 Allowance+ Non-PCI FV Mark to gross portfolio loans 1.34 % 1.31 % 1.15 % 1.08% 0.83 %December 31, September 30, March 31, December 31, 2020 2020 June 30, 2020 2020 2019 -------------- --------------- ------------- ------------- -------------- EOP EOP EOP Contractual Contractual EOP Contractual EOP Contractual Interest Interest Contractual (dollars in thousands) Interest rate Interest rate rate rate Interest rate ----------------------- -------------- --------------- ------------- ------------- -------------- Commercial real estate 4.11% 4.20% 4.32% 4.52% 4.59% Residential first mortgages 3.93% 3.93% 3.93% 3.93% 3.95% Residential rentals 4.26% 4.30% 4.45% 4.69% 4.79% Construction and land development 4.28% 4.40% 4.46% 5.02% 5.12% Home equity and second mortgages 3.54% 3.56% 3.56% 4.89% 4.90% Commercial loans 4.56% 4.51% 4.53% 4.92% 5.26% Consumer loans 5.99% 5.94% 6.05% 6.17% 6.25% Commercial equipment 4.42% 4.42% 4.44% 4.46% 4.49% U.S. SBA PPP loans 1.00% 1.00% 1.00% --% --% ---- ------- ---- -------- ----- ----- ----- ----- ---- ------- Total Loans 3.92% 3.94% 4.03% 4.51% 4.58% ==== ======= ==== ======== ===== ===== ===== ===== ==== ======= Yields without U.S. SBA PPP Loans 4.13% 4.20% 4.29% --% --% ==== ======= ==== ======== ===== ===== ===== ===== ==== =======Total net loans $1,594,075 $1,607,124 $1,604,136 $1,477,087 $1,445,109 ========= ========= ========= ========= ========= Gross loans $1,614,595 $1,627,620 $1,622,129 $1,490,089 $1,454,172 ========= ========= ========= ========= =========

END OF PERIOD CONTRACTUAL RATES (UNAUDITED)

The following table is based on contractual interest rates and does not include the amortization of deferred costs and fees or assumptions regarding non-accrual interest:

ALLOWANCE FOR LOAN LOSSES (UNAUDITED)

(1) Portfolio loans include all loan portfolios except the U.S. SBA PPP loan portfolio. Asset quality ratios for loans exclude U.S. SBA PPP loans.

CLASSIFIED AND SPECIAL MENTION ASSETS (UNAUDITED)

The following is a breakdown of the Company's classified and special mention assets at December 31, 2020, 2019, 2018, 2017 and 2016, respectively:

SUMMARY OF DEPOSITS (UNAUDITED)

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February 05, 2021 09:28 ET (14:28 GMT)