FHLB

Change Lending Becomes a Member of the Federal Home Loan Bank of San Francisco

Retrieved on: 
Giovedì, Maggio 9, 2024
Banking, Professional Services, Finance, Treasury, Federal Home Loan Banks, CDFI, FHLB, Bank

Change Lending, LLC (“Change”) proudly announces it has become a member of the Federal Home Loan Bank (FHLB) of San Francisco as of May 6, 2024.

Key Points: 
  • Change Lending, LLC (“Change”) proudly announces it has become a member of the Federal Home Loan Bank (FHLB) of San Francisco as of May 6, 2024.
  • The FHLB of San Francisco is a vital financial institution dedicated to providing reliable liquidity, funding, and support to its member institutions.
  • As a member, Change Lending gains access to a diverse range of financial products and services that will bolster its lending capacity and liquidity and allow it to better serve its customers.
  • "Joining the Federal Home Loan Bank of San Francisco underscores our dedication to empowering individuals and communities through accessible and affordable home lending," said Carlos Salas, CEO of Change Lending.

Tri-County Financial Group, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Martedì, Maggio 7, 2024
Sale, FHLB, OTCQX, Federal Home Loan Banks, First State Bank, First, Bank

MENDOTA, Ill., May 7, 2024 /PRNewswire/ -- Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the first quarter of 2024.

Key Points: 
  • MENDOTA, Ill., May 7, 2024 /PRNewswire/ -- Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the first quarter of 2024.
  • The net interest margin was 2.93% for the first quarter of 2024, compared to 2.94% for the first quarter of 2023.
  • Non-interest income was $3.0 million for the first quarter of 2024, a decrease of $0.2 million, or 6%, compared to $3.2 million during the quarter ended March 31, 2023.
  • Non-interest expense was $11.2 million during the quarter ended March 31, 2024, compared to $11.3 million for the first quarter of 2023, a decrease of $0.1 million.

Territorial Bancorp Inc. Announces First Quarter 2024 Results

Retrieved on: 
Venerdì, Maggio 3, 2024
Sale, HOPE, Investment, FHLB, Federal Deposit Insurance Corporation, Federal Home Loan Banks, Federal Reserve Bank, Insurance, Compact disc, Bank of Hope, ESOP, Culture, Bank, FRB, FDIC

HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024.

Key Points: 
  • HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024.
  • As previously announced in a joint news release issued April 29, 2024, Hope Bancorp, Inc. (Nasdaq:HOPE) and the Company signed a definitive merger agreement.
  • Upon completion of the transaction, Hope Bancorp intends to maintain the Territorial franchise in Hawaii and preserve the 100-plus year legacy of the Territorial Savings Bank brand name, culture and commitment to the local communities.
  • The decrease in cash and cash equivalents was used to fund deposit withdrawals during the quarter ended March 31, 2024.

Glen Burnie Bancorp Announces First Quarter 2024 Results

Retrieved on: 
Venerdì, Aprile 26, 2024
Sale, Small business, Federal Reserve, Treasury, FHLB, Risk, Bank holding company, Federal Reserve Bank, Federal, GLEN, Bank, Risk management, Tax, Income tax, 127th, Growth

GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2024.
  • Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 127th consecutive quarterly dividend on May 6, 2024.
  • For the quarter ended March 31, 2024, noninterest expense totaled $2.86 million, a decrease of $83,000 compared to $2.94 million for the quarter ended March 31, 2023.
  • Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland.

First Savings Financial Group, Inc. Reports Financial Results for The Second Fiscal Quarter Ended March 31, 2024

Retrieved on: 
Venerdì, Aprile 26, 2024
Sale, Common, FHLB, News, Bank, BEST, Savings bank, BANK, Insurance, Finance, Wealth, SBA, Three Months, Comparison, FDIC, GAAP, Growth

The core banking segment reported net income of $4.5 million, or $0.66 per diluted share for the quarter ended March 31, 2024.

Key Points: 
  • The core banking segment reported net income of $4.5 million, or $0.66 per diluted share for the quarter ended March 31, 2024.
  • Results of Operations for the Three Months Ended March 31, 2024 and 2023
    Net interest income decreased $574,000, or 3.9%, to $14.3 million for the three months ended March 31, 2024 as compared to the same period 2023.
  • Noninterest income decreased $3.8 million for the three months ended March 31, 2024 as compared to the same period in 2023.
  • Noninterest expense decreased $6.2 million for the three months ended March 31, 2024 as compared to the same period in 2023.

Business First Bancshares, Inc., Announces Financial Results for Q1 2024

Retrieved on: 
Giovedì, Aprile 25, 2024
Sale, Central Time, FHLB, Federal Home Loan Banks, Sharpening stone, SBA, Dallas–Fort Worth metroplex, Business, Compact disc, Growth, American City Business Journals, Acquisition, Small Business Administration, AOCI, C&D, C&I, Interest, Bank

The preferred and common dividends will be paid on May 31, 2024, or as soon thereafter as practicable, to the shareholders of record as of May 15, 2024.

Key Points: 
  • The preferred and common dividends will be paid on May 31, 2024, or as soon thereafter as practicable, to the shareholders of record as of May 15, 2024.
  • Deposits increased $324.0 million or 6.17%, 24.82% annualized, for the quarter ended March 31, 2024, compared to the linked quarter.
  • All new deposit generations for Business First had a weighted average rate of 4.32% as of March 31, 2024, a decrease of 0.29% from the linked quarter.
  • On January 31, 2024, Business First acquired Waterstone LSP, a company which provides other financial institutions nationwide comprehensive support and lending solutions under the Small Business Administration (SBA) 7(a) loan program.

Seacoast Reports First Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 25, 2024
Common equity, Sale, Total, Federal Reserve, Investment, FHLB, SBIC, Risk, The Company, Visa, Federal Home Loan Banks, Depreciation, Federal, Insurance, Growth, SBA, SBCF, Government, Acquisition, Workforce, Share repurchase, Marketing, FDIC, GAAP, Video game

STUART, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the first quarter of 2024 of $26.0 million, or $0.31 per diluted share, compared to $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023 and $11.8 million, or $0.15 per diluted share in the first quarter of 2023.

Key Points: 
  • Accretion on acquired loans totaled $10.6 million in the first quarter of 2024, $11.3 million in the fourth quarter of 2023, and $15.9 million in the first quarter of 2023.
  • The cost of deposits increased 19 basis points, from 2.00% in the prior quarter, to 2.19% in the first quarter of 2024.
  • Seacoast recorded $7.8 million of income tax expense in the first quarter of 2024, compared to $8.3 million in the fourth quarter of 2023, and $2.7 million in the first quarter of 2023.
  • The efficiency ratio was 66.78% in the first quarter of 2024, compared to 60.32% in the fourth quarter of 2023 and 64.62% in the prior year quarter.

Codorus Valley Bancorp, Inc. Reports First Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 25, 2024
Corporation, FHLB, PeoplesBank, Treasury, Insurance, Plan, South Central Pennsylvania, Orrstown, Pennsylvania, Environment, Investment Securities, Bank, FDIC, GAAP, Growth, Disclosure, Airline

As a result, the Corporation realized merger-related expenses of $118,000 in the first quarter 2024.

Key Points: 
  • As a result, the Corporation realized merger-related expenses of $118,000 in the first quarter 2024.
  • YORK, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $4.3 million or $0.44 per diluted common share, for the quarter ended March 31, 2024.
  • Nonperforming assets increased $3.4 million, or 85.0 percent to $7.4 million from December 31, 2023 to March 31, 2024.
  • The average cost of interest-bearing deposits increased to 2.86 percent for the quarter ended March 31, 2024, compared to 1.43 percent for the quarter ended March 31, 2023 and 2.59 percent for the quarter ended December 31, 2023.

BayFirst Financial Corp. Reports First Quarter 2024 Results; Highlighted by Strong Loan and Deposit Growth with Higher Provision for Credit Losses

Retrieved on: 
Giovedì, Aprile 25, 2024
Core, Sale, Federal Reserve, FHLB, Risk, Federal Home Loan Banks, Federal, SBA, ACL, Conference, Bolt, Environment, Bank, FRB, Government

“We were successful in growing deposit balances by $22.2 million during the quarter, and by $74.4 million year-over-year.

Key Points: 
  • “We were successful in growing deposit balances by $22.2 million during the quarter, and by $74.4 million year-over-year.
  • Balance sheet liquidity remains strong, with $60.5 million in cash balances and time deposits with other banks as of March 31, 2024.
  • This was partially offset by increases in provision for credit losses of $2.1 million and noninterest expense of $2.4 million.
  • On April 23, 2024, BayFirst’s Board of Directors declared a second quarter 2024 cash dividend of $0.08 per common share.

Employers Holdings, Inc. Reports First Quarter 2024 Results and Increases Regular Quarterly Dividend to $0.30 per Share

Retrieved on: 
Giovedì, Aprile 25, 2024
Investment, FHLB, PIN, Federal Home Loan Banks, Interest, Finance, Webcast, EIG, Regulation, LPT, Share repurchase, Sarbanes, GAAP, Reinsurance

We will evaluate our prior year reserves in more detail at mid-year when we routinely perform a full reserve study.

Key Points: 
  • We will evaluate our prior year reserves in more detail at mid-year when we routinely perform a full reserve study.
  • Lastly, we raised our regular quarterly dividend to $0.30 per share, an increase of 7%.
  • On April 24, 2024, the Company’s Board of Directors declared a regular quarterly dividend of $0.30 per share, an increase of 7% from the prior quarterly dividend of $0.28 per share.
  • During the first quarter of 2024, the Company repurchased 123,073 shares of its common stock at an average price of $39.45 per share.