Private Bancorp of America, Inc. Reports Third Quarter Results - Private Bancorp (OTC:PBAM)

Total Assets increased to a record $999.9 million up 6% from the prior quarter and 33% year-over-year.
Net loans increased to $813.1 million up 3% for the quarter and 41% year-over-year.
Deposits increased to $824 million up 13% for the quarter and 50% year-over-year.
Record net interest income for the quarter was $11.0 million, up 9% for the quarter and 47% year-over-year.
Earnings were impacted by the $9.5 million charge-off detailed in the press release dated September 16, 2019. The after-tax impact of charge ($6.7 million or $1.19 per diluted share) is reflected in net income reported for the quarter and year to date.

LA JOLLA, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. PBAM ("Company"), parent company of CalPrivate Bank ("Bank"), announced unaudited financial results for the quarter ended September 30, 2019. Net loss for the third quarter of 2019 was $5.0 million, or $0.89 per diluted share, compared with net income of $1.1million, or $0.20 per diluted share for the second quarter of 2019 and $1.1 million, or $0.21 per diluted share for the third quarter of 2018. Third quarter results include a charge-off of $9.5 million ($6.7 million after taxes) or $1.19 per diluted share.

Tom Wornham, President and CEO of PBAM and CEO of the Bank said, "PBAM continues to execute on our organic growth strategy. The third quarter results reflect the efforts of our team members producing record levels of revenue, assets, loans and deposits.

Rick Sowers, President of the Bank, added, "Despite the unfortunate credit loss we recorded in the quarter, the Bank continues to execute on our three year growth plan. The team continues to build lasting relationships with our customers and communities, enhancing shareholder value."

Net interest income for the third quarter of 2019 was $11 million compared with $10.1 million in the second quarter of 2019. Interest and fees on loans increased $1.1 million, or 9.2% from the prior quarter due to increases in average loan balances. Total interest expense increased $177 thousand or 8.5% from the prior quarter due to increased deposit costs and borrowing balances. Net interest margin was 4.67% for the third quarter of 2019 compared with 4.70% in the second quarter of 2019. The net interest margin, adjusted for interest reversed from the loan charge-off, was 4.73% for the third quarter compared with 4.70% in the second quarter of 2019.

The provision for loan loss expense was $9.7 million in the third quarter of 2019 compared with $1.0 million in the second quarter of 2019. The increased provision expense for the quarter was due a specific charge-off of $9.5 million and growth in the loan portfolio. The Allowance for Loan Losses increased to $7.9 million or 0.96% of total loans.

Non-interest income for the third quarter of 2019 was $584 thousand compared with $606 thousand in the second quarter of 2019. The third quarter included $125 thousand in gains from the sale of investment securities and $163 thousand in gains from SBA loan sales.

Non-interest expense for the third quarter of 2019 was $8.9 million compared with $8.2 million for the second quarter of 2019. Non-interest expense increased due to increases in salaries and benefits, and increased professional fees, related to legal expenses, partially offset by a decrease in other expense. "We are pleased with growth in all of our geographic locations. Our clients continue to support us throughout our Southern California coastal footprint. Our team members remain committed to providing best in class solutions and service to our clients. We remain committed to providing our shareholders with solid long-term returns." said Selwyn Isakow, Chairman of PBAM and the Bank.

About Private Bancorp of America, Inc.

Private Bancorp of America, Inc. PBAM, is the holding company for CalPrivate Bank. CalPrivate Bank provides a Distinctly Different banking experience through unparalleled service and creative funding solutions to high net worth individuals, professionals, locally owned businesses and real estate entrepreneurs. Customers are serviced through offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo and Beverly Hills as well as efficient electronic banking offerings. The Bank also offers various portfolio and government guaranteed lending programs, including SBA and cross-border Export-Import Bank programs. CalPrivate Bank is a SBA Preferred Lender and a Bauer Financial 5 star rated bank, as well as being in the Top 200 safest Banks as rated by Deposits.com.

Investor Relations Contact

Thomas V. Wornham
President/CEO
Private Bancorp of America, Inc.
(858) 875-6900

Safe Harbor Paragraph

This press release includes forward-looking statements that involve inherent risks and uncertainties. Private Bancorp of America, Inc. cautions readers that a number of important factors could cause actual results to differ materially from those in the forward‐looking statements. These factors include loan losses, economic conditions and competition in the geographic and business areas in which Private Bancorp of America, Inc. operates, our ability to successfully integrate and develop business through the addition of new personnel and facilities and merged banks, whether our efforts to expand loan, product and service offerings will prove profitable, the effects of the bank mergers and acquisitions in our markets, system failures and internet security, inflation, fluctuations in interest rates, legislation and governmental regulation. You should not place undue reliance on forward‐looking statements and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise.


PRIVATE BANCORP OF AMERICA, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
(Dollars in thousands)

	September 30, 2019			June 30, 2019			Dollar change			Percentage change		September 30, 2018			Dollar change			Percentage change
Assets

Cash and due from banks	$	29,480		$	25,737		$	3,743		14.5	%	$	24,273		$	5,207		21.5	%
Interest-bearing deposits at Federal Reserve Bank		58,373			17,346			41,027		236.5	%		33,061			25,312		76.6	%
Total cash and due from banks		87,853			43,083			44,770		103.9	%		57,334			30,519		53.2	%
Interest-bearing time deposits with other institutions		2,255			2,254			1		0.0	%		2,749			(494	)	-18.0	%
Investment securities available for sale		73,209			84,752			(11,543	)	-13.6	%		99,217			(26,008	)	-26.2	%
Loans		820,989			795,345			25,644		3.2	%		582,292			238,697		41.0	%
Allowance for loan losses		(7,893	)		(7,637	)		(256	)	3.4	%		(5,389	)		(2,504	)	46.5	%
Net loans		813,096			787,708			25,388		3.2	%		576,903			236,193		40.9	%
Federal Home Loan Bank stock, at cost		4,060			4,060			-		0.0	%		2,889			1,171		40.5	%
Right of use asset		6,877			7,271			(394	)	-5.4	%		-			6,877		NM
Premises and equipment, net		2,947			2,669			278		10.4	%		2,067			880		42.6	%
Other intangible assets		978			904			74		8.2	%		789			189		24.0	%
Deferred tax asset		4,576			4,409			167		3.8	%		4,852			(276	)	-5.7	%
Accrued interest receivable		2,569			2,731			(162	)	-5.9	%		851			1,718		201.9	%
Other assets		1,565			706			859		121.7	%		2,311			(746	)	-32.3	%
Total assets	$	999,985		$	940,547		$	59,438		6.3	%	$	749,962		$	250,023		33.3	%

Liabilities and Shareholders' Equity

Liabilities
Noninterest bearing	$	266,205		$	247,153		$	19,052		7.7	%	$	180,657		$	85,548		47.4	%
Interest Bearing		557,800			485,011			72,789		15.0	%		368,462			189,338		51.4	%
Total deposits		824,005			732,164			91,841		12.5	%		549,119			274,886		50.1	%
FHLB borrowings		55,000			82,000			(27,000	)	-32.9	%		107,000			(52,000	)	-48.6	%
Other borrowings		17,930			17,929			1		0.0	%		7,906			10,024		126.8	%
Accrued interest payable and other liabilities		9,779			10,599			(820	)	-7.7	%		4,046			5,733		141.7	%
Total liabilities		906,714			842,692			64,022		7.6	%		668,071			238,643		35.7	%

Shareholders' equity
Common stock		68,804			68,740			64		0.1	%		58,242			10,562		18.1	%
Additional paid-in capital		2,997			2,823			174		6.2	%		2,791			206		7.4	%
Retained earnings		20,917			25,997			(5,080	)	-19.5	%		22,318			(1,401	)	-6.3	%
Accumulated other comprehensive income		553			295			258		87.5	%		(1,460	)		2,013		-137.9	%
Total stockholders' equity		93,271			97,855			(4,584	)	-4.7	%		81,891			11,380		13.9	%

Total liabilities and stockholders' equity	$	999,985		$	940,547		$	59,438		6.3	%	$	749,962		$	250,023		33.3	%

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)

	For the three months ended
	September 30, 2019			June 30, 2019		Dollar change			Percentage change		September 30, 2018			Dollar change			Percentage change
Interest Income
Loans	$	12,497		$	11,442	$	1,055		9.2	%	$	7,772		$	4,725		60.8	%
Investment securities		544			601		(57	)	-9.5	%		698			(154	)	-22.1	%
Deposits in other financial institutions		181			126		55		43.7	%		174			7		4.0	%
Total interest income		13,222			12,169		1,053		8.7	%		8,644			4,578		53.0	%

Interest Expense
Deposits		1,605			1,340		265		19.8	%		592			1,013		171.1	%
Borrowings		648			736		(88	)	-12.0	%		582			66		11.3	%
Total interest expense		2,253			2,076		177		8.5	%		1,174			1,079		91.9	%

Net interest income		10,969			10,093		876		8.7	%		7,470			3,499		46.8	%
Provision for credit losses		9,737			996		8,741		877.6	%		496			9,241		1863.1	%
Net interest income after provision for credit losses		1,232			9,097		(7,865	)	-86.5	%		6,974			(5,742	)	-82.3	%

Noninterest income:
Service charges on deposit accounts		137			117		20		17.1	%		90			47		52.2	%
Net gain on sale of loans		163			307		(144	)	-46.9	%		749			(586	)	-78.2	%
Gain on sale of investment securities		125			4		121		3025.0	%		(6	)		131		-2183.3	%
Other noninterest income		159			178		(19	)	-10.7	%		83			76		91.6	%
Total noninterest income		584			606		(22	)	-3.6	%		916			(332	)	-36.2	%

Noninterest expense:
Salary and employee benefits		6,341			5,892		449		7.6	%		4,269			2,072		48.5	%
Occupancy and equipment		793			641		152		23.7	%		610			183		30.0	%
Data processing		588			490		98		20.0	%		487			101		20.7	%
Professional services		639			364		275		75.5	%		288			351		121.9	%
Other expenses		570			854		(284	)	-33.3	%		703			(133	)	-18.9	%
Total noninterest expense		8,931			8,241		690		8.4	%		6,357			2,574		40.5	%

Income (loss) before provision for income taxes		(7,115	)		1,462		(8,577	)	-586.7	%		1,533			(8,648	)	-564.1	%
Provision for income taxes		(2,081	)		411		(2,492	)	-606.3	%		435			(2,516	)	-578.4	%
Net income (loss)	$	(5,034	)	$	1,051	$	(6,085	)	-579.0	%	$	1,098		$	(6,132	)	-558.5	%
Net income available to common shareholders	$	(4,950	)	$	1,031	$	(5,981	)	-580.1	%	$	1,081		$	(6,031	)	-557.9	%

Earnings per share
Basic earnings (loss) per share	$	(0.91	)	$	0.21	$	(1.11	)	-541.7	%	$	0.22		$	(1.12	)	-516.2	%
Diluted earnings (loss) per share	$	(0.89	)	$	0.20	$	(1.09	)	-543.0	%	$	0.21		$	(1.10	)	-518.7	%

Average shares outstanding		5,465,278			5,027,437		437,841		8.7	%		4,967,905			497,373		10.0	%
Diluted average shares outstanding		5,563,931			5,133,305		430,626		8.4	%		5,087,829			476,102		9.4	%

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)

	For the nine months ended
	September 30, 2019			September 30, 2018		Dollar change			Percentage change
Interest Income
Loans	$	34,449		$	20,760	$	13,689		65.9	%
Investment securities		1,818			1,952		(134	)	-6.9	%
Deposits in other financial institutions		440			577		(137	)	-23.7	%
Total interest income		36,707			23,289		13,418		57.6	%

Interest Expense
Deposits		4,152			1,545		2,607		168.7	%
Borrowings		1,863			1,257		606		48.2	%
Total interest expense		6,015			2,802		3,213		114.7	%

Net interest income		30,692			20,487		10,205		49.8	%
Provision for credit losses		11,122			868		10,254		1181.3	%
Net interest income after provision for credit losses		19,570			19,619		(49	)	-0.2	%

Noninterest income:
Service charges on deposit accounts		347			276		71		25.7	%
Net gain on sale of loans		817			1,261		(444	)	-35.2	%
Gain on sale of investment securities		150			-		150		NM
Other noninterest income		428			217		211		97.2	%
Total noninterest income		1,742			1,754		(12	)	-0.7	%

Noninterest expense:
Salary and employee benefits		17,462			11,202		6,260		55.9	%
Occupancy and equipment		2,109			1,690		419		24.8	%
Data processing		1,602			1,361		241		17.7	%
Professional services		1,395			898		497		55.3	%
Other expenses		2,153			1,894		259		13.7	%
Total noninterest expense		24,721			17,045		7,676		45.0	%

Income (loss) before provision for income taxes		(3,409	)		4,328		(7,737	)	-178.8	%
Provision for income tax		(1,014	)		1,238		(2,252	)	-181.9	%
Net income (loss)	$	(2,395	)	$	3,090	$	(5,485	)	-177.5	%
Net income available to common shareholders	$	(2,351	)	$	3,042	$	(5,393	)	-177.3	%

Earnings per share
Basic earnings (loss) per share	$	(0.46	)	$	0.61	$	(1.07	)	-174.6	%
Diluted earnings (loss) per share	$	(0.45	)	$	0.60	$	(1.05	)	-174.5	%

Average shares outstanding		5,163,512			4,955,683		207,829		4.2	%
Diluted average shares outstanding		5,262,165			5,033,425		228,740		4.5	%

	Consolidated average balance sheet, interest, yield and rates
	(Unaudited)
	(Dollars in thousands)

	For the three months ended
	September 30, 2019						June 30, 2019						September 30, 2018
	Average Balance		Interest		Average Yield/Rate		Average Balance		Interest		Average Yield/Rate		Average Balance		Interest		Average Yield/Rate
Interest-Earnings Assets:
Deposits in other financial institutions	$	35,658	$	181	2.01	%	$	23,651	$	126	2.14	%	$	36,585	$	174	1.89	%
Investment securities		79,842		544	2.73	%		89,102		601	2.70	%		103,618		698	2.67	%
Loans		816,281		12,497	6.07	%		748,846		11,442	6.13	%		541,049		7,772	5.70	%
Total interest-earning assets		931,781		13,222	5.63	%		861,599		12,169	5.67	%		681,252		8,644	5.03	%
Noninterest-earning assets		39,083						35,521						24,817
Total Assets	$	970,864					$	897,120					$	706,069

Interest-Bearing Liabilities
Interest-bearing transaction accounts	$	37,644	$	69	0.73	%	$	33,191	$	66	0.80	%	$	15,649	$	8	0.20	%
Money market		372,008		959	1.02	%		320,310		720	0.90	%		277,216		394	0.56	%
Savings deposits		7,099		5	0.28	%		6,779		5	0.30	%		5,580		4	0.28	%
Certificates of deposit		100,705		572	2.25	%		98,004		549	2.25	%		56,743		186	1.30	%
Total Interest-Bearing Deposits		517,456		1,605	1.23	%		458,284		1,340	1.17	%		355,188		592	0.66	%

FHLB advances		63,301		376	2.36	%		65,797		423	2.58	%		83,978		478	2.26	%
Other borrowings		17,929		272	6.07	%		14,711		313	8.29	%		7,904		104	5.22	%
Total Interest-Bearing Liabilities		81,230		648	3.16	%		80,508		736	3.67	%		91,882		582	2.51	%

Noninterest-bearing deposits		261,365						260,295						173,335
Total Funding Sources		860,051		2,253	1.04	%		799,087		2,076	1.04	%		620,405		1,174	0.75	%

Noninterest-bearing liabilities		12,422						11,069						4,300

Shareholders' equity		98,391						86,964						81,364

Total Liabilities and Shareholders' Equity	$	970,864					$	897,120					$	706,069

Net interest spread					4.59	%					4.62	%					4.28	%

Net interest income			$	10,969					$	10,093					$	7,470
Net interest margin					4.67	%					4.70	%					4.35	%

	Condensed Balance Sheets
	(Dollars in thousands, except per share amounts)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Assets
Cash and due from banks	$	90,108			$	45,337			$	37,998			$	45,855			$	60,083
Investment securities		73,209				84,752				85,852				98,170				99,217
Loans		820,989				795,345				713,408				694,531				582,292
Allowance for loan losses		(7,893	)			(7,637	)			(6,641	)			(6,252	)			(5,389	)
Net loans		813,096				787,708				706,767				688,279				576,903
Right of use asset		6,877				7,271				6,951				-				-
Premises and equipment, net		2,947				2,669				2,416				2,223				2,067
Other assets and interest receivable		13,748		-		12,810		-		12,554		-		12,637		-		11,692
Total assets	$	999,985			$	940,547			$	852,538			$	847,164			$	749,962

Liabilities and Shareholders' Equity

Liabilities
Noninterest Bearing	$	266,205			$	247,153			$	263,255			$	226,119			$	180,657
Interest Bearing		557,800				485,011				443,572				470,344				368,462
Total Deposits		824,005				732,164				706,827				696,463				549,119
Borrowings		72,930				99,929				47,832				62,909				114,906
Accrued interest payable and other liabilities		9,779				10,599				11,777				4,241				4,046
Total liabilities		906,714				842,692				766,436				763,613				668,071

Shareholders' equity
Common stock		68,804				68,740				58,576				58,373				58,242
Additional paid-in capital		2,997				2,823				3,062				3,083				2,791
Retained earnings		20,917				25,997				24,952				23,364				22,318
Accumulated other comprehensive income		553				295				(488	)			(1,269	)			(1,460	)
Total shareholders' equity		93,271				97,855				86,102				83,551				81,891
Total liabilities and shareholders' equity	$	999,985			$	940,547			$	852,538			$	847,164			$	749,962

Book value per common share	$	16.84			$	17.60			$	16.90			$	16.41			$	16.23
Tangible book value per common share	$	16.66			$	17.44			$	16.72			$	16.23			$	16.07


	Regulatory Capital Ratios (PBAM) 1
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Tier 1 leverage ratio		9.54	%			10.69	%			9.97	%			10.39	%			11.51	%
Tier 1 risk-based capital ratio		10.24	%			11.10	%			11.10	%			11.36	%			13.01	%
Common equity Tier 1 ratio		10.24	%			11.10	%			11.10	%			11.36	%			13.01	%
Total risk-based capital ratio		13.09	%			14.10	%			12.01	%			12.25	%			13.90	%
Tangible equity / tangible assets		9.24	%			10.32	%			10.00	%			9.74	%			10.83	%

1 Preliminary ratios for September 30, 2019

	Condensed Statements of Income
	(Dollars in thousands, except per share amounts)
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
Interest income	$	13,222		$	12,169		$	11,317		$	10,333		$	8,644
Interest expense		2,253			2,076			1,686			1,570			1,174
Net interest income		10,969			10,093			9,631			8,763			7,470
Provision for credit losses		9,737			996			389			863			496
Net interest income after provision for credit losses		1,232			9,097			9,242			7,900			6,974

Noninterest income		584			606			552			561			916

Salary and employee benefits		6,341			5,892			5,229			4,741			4,269
Occupancy and equipment		793			641			674			620			610
Data processing		588			490			524			541			487
Professional services		639			364			392			350			288
Other expenses		570			854			730			688			703
Total noninterest expense		8,931			8,241			7,549			6,940			6,357

Income before provision for income taxes		(7,115	)		1,462			2,245			1,521			1,533
Income taxes		(2,081	)		411			656			474			435
Net income	$	(5,034	)	$	1,051		$	1,589		$	1,047		$	1,098
Net income available to common shareholders	$	(4,950	)	$	1,031		$	1,559		$	1,025		$	1,081

Earnings per share
Basic earnings per share	$	(0.91	)	$	0.21		$	0.31		$	0.21		$	0.22
Diluted earnings per share	$	(0.89	)	$	0.20		$	0.30		$	0.20		$	0.21

Average shares outstanding		5,465,278			5,027,437			4,996,811			5,042,921			4,967,905
Diluted average shares outstanding		5,563,931			5,133,305			5,114,096			5,160,206			5,087,829


	Performance Ratios
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
ROAA		-2.06	%		0.47	%		0.76	%		0.52	%		0.62	%
ROAE		-20.30	%		4.85	%		7.60	%		5.03	%		5.35	%
ROTE		-20.50	%		4.90	%		7.72	%		5.09	%		5.38	%
Net interest margin		4.67	%		4.70	%		4.77	%		4.52	%		4.35	%
Net interest spread		4.59	%		4.62	%		4.71	%		4.45	%		4.28	%
Efficiency ratio		77.30	%		77.03	%		74.13	%		74.43	%		75.80	%
Noninterest expense / average assets		3.65	%		3.68	%		3.61	%		3.47	%		3.57	%

	Average Balances
	(Dollars in thousands)
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
Total assets	$	970,864		$	897,120		$	847,900		$	793,271		$	706,069
Earning assets	$	931,781		$	861,599		$	818,630		$	768,519		$	681,252
Total loans	$	816,281		$	748,846		$	701,715		$	640,963		$	541,049
Total deposits	$	778,821		$	718,579		$	690,384		$	600,640		$	528,523
Total equity	$	98,391		$	86,964		$	84,827		$	82,606		$	81,364


	Loan Balances by Type
	(Dollars in thousands)
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
Real estate - investor owned	$	247,953		$	245,068		$	235,185		$	234,540		$	213,139
Real estate - owner occupied		192,739			175,112			136,484			122,258			86,216
Real estate - multifamily		68,536			67,839			69,083			62,388			62,811
Real estate - single family		59,782			56,783			58,334			59,685			63,906
Commercial business		204,166			201,892			173,027			180,602			124,770
Land and construction		37,918			37,966			32,987			24,679			22,640
Consumer		5,585			7,035			5,107			5,255			5,967
Total loans held for investment		816,679			791,695			710,207			689,407			579,449
Loans held for sale		4,310			3,650			3,201			5,124			2,843
Total loans, including loans held for sale		820,989			795,345			713,408			694,531			582,292
Allowance for loan losses		(7,893	)		(7,637	)		(6,641	)		(6,252	)		(5,389	)
Net loans	$	813,096		$	787,708		$	706,767		$	688,279		$	576,903


	Deposits by Type
	(Dollars in thousands)
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
Non interest bearing DDA	$	266,205		$	247,153		$	263,255		$	226,119		$	180,657
Interest bearing DDA		47,805			29,583			23,195			21,079			16,481
Savings & MMA		394,128			363,803			325,880			344,776			294,600
Retail CD		7,132			7,025			4,135			7,651			6,461
Jumbo CD		108,735			84,600			90,362			96,838			50,920
Total deposits	$	824,005		$	732,164		$	706,827		$	696,463		$	549,119


	Asset Quality
	(Dollars in thousands)
	Sep 30, 2019			Jun 30, 2019			Mar 31, 2019			Dec 31, 2018			Sep 30, 2018
Total Loans	$	820,989		$	795,345		$	713,408		$	694,531		$	582,292
30-89 day past due loans	$	-		$	155		$	-		$	-		$	-
90+ day past due loans	$	-		$	-		$	-		$	-		$	-
Nonaccrual loans	$	-		$	-		$	-		$	-		$	-

NPAs / Assets		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
NPLs / loans & OREO		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Net chargeoffs	$	9,481		$	-		$	-		$	-		$	-
Net charge-offs/avg loans (annualized)		4.65	%		0.00	%		0.00	%		0.00	%		0.00	%
Allowance for loan losses to loans		0.96	%		0.96	%		0.93	%		0.90	%		0.93	%
Allowance for loan losses to nonaccrual loans		NM			NM			NM			NM			NM

Market News and Data brought to you by Benzinga APIs