Croghan Bancshares : June 30, 2022 Quarterly Financials

Croghan Bancshares Financial Information

Newsletter Financial Information

		Year to Date			Three Months Ended
		6/30/22		6/30/21		6/30/22		6/30/21
Financial Information (unaudited)
Interest income	$	18,707,000	$	19,707,000	$	9,491,000	$	9,828,000
Interest expense		727,000		951,000		370,000		456,000
Net interest income		17,980,000		18,756,000		9,121,000		9,372,000
Provision for loan losses		-		500,000		-		175,000
Net interest income after provision		17,980,000		18,256,000		9,121,000		9,197,000
for loan losses
Other non-interest income		3,640,000		4,293,000		1,745,000		2,247,000
Non-interest expenses		13,541,000		13,284,000		6,881,000		6,733,000
Income before federal income taxes		8,079,000		9,265,000		3,985,000		4,711,000
Federal income taxes		1,399,000		1,633,000		689,000		825,000
Net income	$	6,680,000	$	7,632,000	$	3,296,000	$	3,886,000

Period End Balances (unaudited)		As of
		6/30/22		12/31/21
Cash and cash equivalents	$	17,140,000	$	45,801,000
Securities	$	357,540,000	$	364,604,000
Loans	$	667,541,000	$	642,889,000
Less allowance for loan loss	$	8,739,000	$	8,769,000
Other assets	$	75,873,000	$	67,877,000
Total assets	$	1,109,355,000	$	1,112,402,000
Deposits	$	925,686,000	$	908,687,000
Other liabilities	$	70,528,000	$	63,659,000
Stockholders' equity	$	113,141,000	$	140,056,000
Total liabilities and capital	$	1,109,355,000	$	1,112,402,000
Common shares outstanding		2,186,858		2,198,013
Per Share Data (Basic) (unaudited)		Year to Date
		6/30/22		6/30/21
Net income	$	3.04	$	3.43
Cash dividends declared	$	1.10	$	1.07
Book value	$	51.74	$	62.27
Tangible book value	$	41.41	$	52.02
Closing price	$	61.25	$	59.75
Financial Ratios (unaudited)
		6/30/22		6/30/21
Return on average assets		1.20%		1.42%
Return on average equity		10.40%		11.20%
Net interest margin		3.41%		3.75%
Loans to deposits		72.11%		75.89%
Average common shares outstanding		2,194,151		2,226,121