Cost of funds index

CIB Marine Bancshares, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Friday, October 13, 2023
Lender option borrower option, Fed, Cost of funds index, Federal, Paycheck Protection Program, GDP, Risk, Bank statement, Insurance, Federal Home Loan Banks, Net, FDIC, North Bank Division, Growth, SOFR, Federal Reserve, Sale, Bank, Real estate

BROOKFIELD, Wis., Oct. 13, 2023 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and nine months ended September 30, 2023.

Key Points: 
  • BROOKFIELD, Wis., Oct. 13, 2023 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and nine months ended September 30, 2023.
  • The Mortgage Division had a nominal operating loss in the third quarter versus a small operating profit in the second quarter of 2023.
  • CIBM’s were $16.3 million and 2.84%, respectively, for the nine months ended September 30, 2023, compared to $17.8 million and 3.25%, respectively, in the same period of 2022.
  • For the nine months ended September 30, 2023, Banking Division net income was $2.9 million and Mortgage Division net loss was $0.5 million.

First Source Mortgage Fund Announces Results for April 2023

Retrieved on: 
Friday, May 12, 2023
Cost of funds index, Environment, Fund

TORONTO, May 12, 2023 (GLOBE NEWSWIRE) -- On April 28, 2023, the First Source Mortgage Fund (“the Fund”) declared a distribution for Class F unitholders 64.6 bps per $10 unit: an annualized compounded return of 8.03%.

Key Points: 
  • TORONTO, May 12, 2023 (GLOBE NEWSWIRE) -- On April 28, 2023, the First Source Mortgage Fund (“the Fund”) declared a distribution for Class F unitholders 64.6 bps per $10 unit: an annualized compounded return of 8.03%.
  • This constituted the Fund’s monthly distribution for the month of April 2023.
  • David Mandel, the longtime CEO of First Source Mortgage Corporation, says “We continue to take advantage of the higher than typical interest rate environment.
  • It is a great time to be an alternative lender.”
    The Fund remains open to new investment from accredited investors.

FHLBank San Francisco Releases June 2021 Cost of Funds Index

Retrieved on: 
Friday, July 30, 2021
Geography of California, Cost of funds index, Personal finance, COFI, San Francisco, Federal Home Loan Banks, California, Political divisions of the United States

SAN FRANCISCO, July 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced July 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for June 2021 is 0.282%.

Key Points: 
  • SAN FRANCISCO, July 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced July 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for June 2021 is 0.282%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For June 2021, 8 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases May 2021 Cost of Funds Index

Retrieved on: 
Wednesday, June 30, 2021
Geography of California, Cost of funds index, Personal finance, COFI, San Francisco, California, Political divisions of the United States

SAN FRANCISCO, June 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced June 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for May 2021 is 0.306%.

Key Points: 
  • SAN FRANCISCO, June 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced June 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for May 2021 is 0.306%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For May 2021, 8 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases April 2021 Cost of Funds Index

Retrieved on: 
Friday, May 28, 2021
Geography of California, Cost of funds index, Personal finance, COFI, San Francisco, Federal Home Loan Banks, Federal Reserve, California, Political divisions of the United States

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced May 28, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for April 2021 is 0.343%.

Key Points: 
  • SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced May 28, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for April 2021 is 0.343%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For April 2021, 8 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases March 2021 Cost of Funds Index

Retrieved on: 
Friday, April 30, 2021
Cost of funds index, Personal finance, COFI

b'SAN FRANCISCO, April 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced April 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (\xe2\x80\x9cCOFI\xe2\x80\x9d) for March 2021 is 0.377%.

Key Points: 
  • b'SAN FRANCISCO, April 30, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced April 30, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (\xe2\x80\x9cCOFI\xe2\x80\x9d) for March 2021 is 0.377%.
  • For March 2021, 9 eligible institutions reported COFI data.
  • The Bank will not revise or republish the COFI for a given month based on new or corrected data received after that time and expressly disclaims all liability that may arise as a result.
  • Similarly, if a COFI Reporting Member\xe2\x80\x99s Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases February 2021 Cost of Funds Index

Retrieved on: 
Wednesday, March 31, 2021
Cost of funds index, Personal finance, COFI, Federal Home Loan Banks

SAN FRANCISCO, March 31, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced March 31, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for February 2021 is 0.408%.

Key Points: 
  • SAN FRANCISCO, March 31, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced March 31, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for February 2021 is 0.408%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For February 2021, 9 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases January 2021 Cost of Funds Index

Retrieved on: 
Friday, February 26, 2021
Geography of California, Cost of funds index, Personal finance, COFI, Federal Home Loan Banks, San Francisco, Bank, California, Political divisions of the United States

SAN FRANCISCO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for January 2021 is 0.457%.

Key Points: 
  • SAN FRANCISCO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for January 2021 is 0.457%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For January 2021, 9 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases December 2020 Cost of Funds Index

Retrieved on: 
Friday, January 29, 2021
Geography of California, Cost of funds index, Personal finance, COFI, San Francisco, Federal Home Loan Banks, California, Political divisions of the United States

SAN FRANCISCO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced January 29, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for December 2020 is 0.460%.

Key Points: 
  • SAN FRANCISCO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced January 29, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for December 2020 is 0.460%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For December 2020, 9 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

FHLBank San Francisco Releases November 2020 Cost of Funds Index

Retrieved on: 
Thursday, December 31, 2020
Cost of funds index, Personal finance, COFI, Federal Home Loan Banks, Federal Reserve, Bank, Finance, Economy, Money

SAN FRANCISCO, Dec. 31, 2020 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced December 31, 2020, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for November 2020 is 0.466%.

Key Points: 
  • SAN FRANCISCO, Dec. 31, 2020 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced December 31, 2020, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for November 2020 is 0.466%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For November 2020, 9 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.