Contacts:
|
Craig G. Blunden
|
Donavon P. Ternes
| ||
Chairman and
|
President, Chief Operating Officer,
| |||
Chief Executive Officer
|
and Chief Financial Officer
|
December 31,
|
September 30,
|
June 30,
|
March 31,
|
December 31,
| ||||||||||||||||
2021
|
2021
|
2021
|
2021
|
2020
| ||||||||||||||||
Assets
| ||||||||||||||||||||
Cash and cash equivalents
|
$
|
85,680
|
$
|
88,249
|
$
|
70,270
|
$
|
71,629
|
$
|
74,001
| ||||||||||
Investment securities - held to maturity, at cost
|
205,065
|
205,821
|
223,306
|
239,480
|
203,098
| |||||||||||||||
Investment securities - available for sale, at fair value
|
3,118
|
3,316
|
3,587
|
3,802
|
4,158
| |||||||||||||||
Loans held for investment, net of allowance for loan losses of $6,608; $7,413; $7,587; $8,346 and $8,538, respectively; includes $1,555; $1,577; $1,874; $1,879 and $1,972 at fair value, respectively
|
852,006
|
859,035
|
850,960
|
840,274
|
855,086
| |||||||||||||||
Accrued interest receivable
|
2,862
|
2,909
|
2,999
|
3,060
|
3,126
| |||||||||||||||
FHLB - San Francisco stock
|
8,155
|
8,155
|
8,155
|
7,970
|
7,970
| |||||||||||||||
Premises and equipment, net
|
8,942
|
9,014
|
9,377
|
9,608
|
9,980
| |||||||||||||||
Prepaid expenses and other assets
|
16,577
|
15,782
|
14,942
|
13,473
|
13,308
| |||||||||||||||
Total assets
|
$
|
1,182,405
|
$
|
1,192,281
|
$
|
1,183,596
|
$
|
1,189,296
|
$
|
1,170,727
| ||||||||||
Liabilities and Stockholders' Equity
| ||||||||||||||||||||
Liabilities:
| ||||||||||||||||||||
Non interest-bearing deposits
|
$
|
112,022
|
$
|
120,883
|
$
|
123,179
|
$
|
124,043
|
$
|
109,609
| ||||||||||
Interest-bearing deposits
|
844,326
|
835,859
|
814,794
|
809,713
|
800,359
| |||||||||||||||
Total deposits
|
956,348
|
956,742
|
937,973
|
933,756
|
909,968
| |||||||||||||||
Borrowings
|
80,000
|
90,000
|
100,983
|
111,000
|
116,015
| |||||||||||||||
Accounts payable, accrued interest and other liabilities
|
18,123
|
17,304
|
17,360
|
18,790
|
19,760
| |||||||||||||||
Total liabilities
|
1,054,471
|
1,064,046
|
1,056,316
|
1,063,546
|
1,045,743
| |||||||||||||||
Stockholders' equity:
| ||||||||||||||||||||
Preferred stock, $.01 par value (2,000,000 shares authorized; none issued and outstanding)
|
-
|
-
|
-
|
-
|
-
| |||||||||||||||
Common stock, $.01 par value; (40,000,000 shares authorized; 18,229,615; 18,229,615; 18,229,615; 18,226,615 and 18,097,615 shares issued respectively; 7,389,943; 7,491,705; 7,541,469; 7,516,547 and 7,442,254 shares outstanding, respectively)
|
183
|
183
|
183
|
182
|
181
| |||||||||||||||
Additional paid-in capital
|
98,404
|
98,179
|
97,978
|
97,323
|
96,164
| |||||||||||||||
Retained earnings
|
200,569
|
199,344
|
197,733
|
195,443
|
194,923
| |||||||||||||||
Treasury stock at cost (10,839,672; 10,737,910; 10,688,146; 10,710,068 and 10,655,361 shares, respectively)
|
(171,280
|
)
|
(169,537
|
)
|
(168,686
|
)
|
(167,276
|
)
|
(166,364
|
)
| ||||||||||
Accumulated other comprehensive income, net of tax
|
58
|
66
|
72
|
78
|
80
| |||||||||||||||
Total stockholders' equity
|
127,934
|
128,235
|
127,280
|
125,750
|
124,984
| |||||||||||||||
Total liabilities and stockholders' equity
|
$
|
1,182,405
|
$
|
1,192,281
|
$
|
1,183,596
|
$
|
1,189,296
|
$
|
1,170,727
|
PROVIDENT FINANCIAL HOLDINGS, INC.
Quarter Ended
December 31,
|
Six Months Ended
December 31,
| |||||||||||||||
2021
|
2020
|
2021
|
2020
| |||||||||||||
Interest income:
| ||||||||||||||||
Loans receivable, net
|
$
|
7,920
|
$
|
8,344
|
$
|
16,095
|
$
|
17,261
| ||||||||
Investment securities
|
433
|
448
|
851
|
926
| ||||||||||||
FHLB - San Francisco stock
|
123
|
100
|
245
|
200
| ||||||||||||
Interest-earning deposits
|
35
|
17
|
66
|
41
| ||||||||||||
Total interest income
|
8,511
|
8,909
|
17,257
|
18,428
| ||||||||||||
Interest expense:
| ||||||||||||||||
Checking and money market deposits
|
58
|
79
|
115
|
170
| ||||||||||||
Savings deposits
|
45
|
54
|
86
|
132
| ||||||||||||
Time deposits
|
199
|
335
|
414
|
717
| ||||||||||||
Borrowings
|
546
|
803
|
1,091
|
1,605
| ||||||||||||
Total interest expense
|
848
|
1,271
|
1,706
|
2,624
| ||||||||||||
Net interest income
|
7,663
|
7,638
|
15,551
|
15,804
| ||||||||||||
(Recovery) provision for loan losses
|
(1,067
|
)
|
39
|
(1,406
|
)
|
259
| ||||||||||
Net interest income, after (recovery) provision for loan losses
|
8,730
|
7,599
|
16,957
|
15,545
| ||||||||||||
Non-interest income:
| ||||||||||||||||
Loan servicing and other fees
|
444
|
120
|
630
|
525
| ||||||||||||
Deposit account fees
|
325
|
329
|
637
|
639
| ||||||||||||
Card and processing fees
|
399
|
368
|
804
|
732
| ||||||||||||
Other
|
200
|
157
|
366
|
237
| ||||||||||||
Total non-interest income
|
1,368
|
974
|
2,437
|
2,133
| ||||||||||||
Non-interest expense:
| ||||||||||||||||
Salaries and employee benefits
|
4,455
|
4,301
|
7,575
|
8,744
| ||||||||||||
Premises and occupancy
|
758
|
865
|
1,663
|
1,768
| ||||||||||||
Equipment
|
314
|
273
|
602
|
548
| ||||||||||||
Professional expenses
|
348
|
402
|
809
|
816
| ||||||||||||
Sales and marketing expenses
|
149
|
227
|
291
|
340
| ||||||||||||
Deposit insurance premiums and regulatory assessments
|
136
|
141
|
273
|
275
| ||||||||||||
Other
|
739
|
707
|
1,354
|
1,410
| ||||||||||||
Total non-interest expense
|
6,899
|
6,916
|
12,567
|
13,901
| ||||||||||||
Income before income taxes
|
3,199
|
1,657
|
6,827
|
3,777
| ||||||||||||
Provision for income taxes
|
935
|
481
|
1,896
|
1,116
| ||||||||||||
Net income
|
$
|
2,264
|
$
|
1,176
|
$
|
4,931
|
$
|
2,661
| ||||||||
Basic earnings per share
|
$
|
0.30
|
$
|
0.16
|
$
|
0.66
|
$
|
0.36
| ||||||||
Diluted earnings per share
|
$
|
0.30
|
$
|
0.16
|
$
|
0.65
|
$
|
0.36
| ||||||||
Cash dividend per share
|
$
|
0.14
|
$
|
0.14
|
$
|
0.28
|
$
|
0.28
|
PROVIDENT FINANCIAL HOLDINGS, INC.
Quarter Ended
| ||||||||||||||||||||
December 31,
|
September 30,
|
June 30,
|
March 31,
|
December 31,
| ||||||||||||||||
2021
|
2021
|
2021
|
2021
|
2020
| ||||||||||||||||
Interest income:
| ||||||||||||||||||||
Loans receivable, net
|
$
|
7,920
|
$
|
8,175
|
$
|
7,735
|
$
|
7,860
|
$
|
8,344
| ||||||||||
Investment securities
|
433
|
418
|
471
|
452
|
448
| |||||||||||||||
FHLB - San Francisco stock
|
123
|
122
|
118
|
100
|
100
| |||||||||||||||
Interest-earning deposits
|
35
|
31
|
19
|
18
|
17
| |||||||||||||||
Total interest income
|
8,511
|
8,746
|
8,343
|
8,430
|
8,909
| |||||||||||||||
Interest expense:
| ||||||||||||||||||||
Checking and money market deposits
|
58
|
57
|
48
|
50
|
79
| |||||||||||||||
Savings deposits
|
45
|
41
|
38
|
38
|
54
| |||||||||||||||
Time deposits
|
199
|
215
|
260
|
292
|
335
| |||||||||||||||
Borrowings
|
546
|
545
|
619
|
593
|
803
| |||||||||||||||
Total interest expense
|
848
|
858
|
965
|
973
|
1,271
| |||||||||||||||
Net interest income
|
7,663
|
7,888
|
7,378
|
7,457
|
7,638
| |||||||||||||||
(Recovery) provision for loan losses
|
(1,067
|
)
|
(339
|
)
|
(767
|
)
|
(200
|
)
|
39
| |||||||||||
Net interest income, after (recovery) provision for loan losses
|
8,730
|
8,227
|
8,145
|
7,657
|
7,599
| |||||||||||||||
Non-interest income:
| ||||||||||||||||||||
Loan servicing and other fees
|
444
|
186
|
290
|
355
|
120
| |||||||||||||||
Deposit account fees
|
325
|
312
|
290
|
318
|
329
| |||||||||||||||
Card and processing fees
|
399
|
405
|
507
|
366
|
368
| |||||||||||||||
Other
|
200
|
166
|
154
|
160
|
157
| |||||||||||||||
Total non-interest income
|
1,368
|
1,069
|
1,241
|
1,199
|
974
| |||||||||||||||
Non-interest expense:
| ||||||||||||||||||||
Salaries and employee benefits
|
4,455
|
3,120
|
2,172
|
4,241
|
4,301
| |||||||||||||||
Premises and occupancy
|
758
|
905
|
869
|
863
|
865
| |||||||||||||||
Equipment
|
314
|
288
|
293
|
312
|
273
| |||||||||||||||
Professional expenses
|
348
|
461
|
378
|
367
|
402
| |||||||||||||||
Sales and marketing expenses
|
149
|
142
|
210
|
130
|
227
| |||||||||||||||
Deposit insurance premiums and regulatory assessments
|
136
|
137
|
123
|
154
|
141
| |||||||||||||||
Other
|
739
|
615
|
878
|
842
|
707
| |||||||||||||||
Total non-interest expense
|
6,899
|
5,668
|
4,923
|
6,909
|
6,916
| |||||||||||||||
Income before income taxes
|
3,199
|
3,628
|
4,463
|
1,947
|
1,657
| |||||||||||||||
Provision for income taxes
|
935
|
961
|
1,124
|
386
|
481
| |||||||||||||||
Net income
|
$
|
2,264
|
$
|
2,667
|
$
|
3,339
|
$
|
1,561
|
$
|
1,176
| ||||||||||
Basic earnings per share
|
$
|
0.30
|
$
|
0.35
|
$
|
0.44
|
$
|
0.21
|
$
|
0.16
| ||||||||||
Diluted earnings per share
|
$
|
0.30
|
$
|
0.35
|
$
|
0.44
|
$
|
0.21
|
$
|
0.16
| ||||||||||
Cash dividends per share
|
$
|
0.14
|
$
|
0.14
|
$
|
0.14
|
$
|
0.14
|
$
|
0.14
|
Quarter Ended
|
Six Months Ended
| ||||||||||||
December 31,
|
December 31,
| ||||||||||||
2021
|
2020
|
2021
|
2020
| ||||||||||
SELECTED FINANCIAL RATIOS:
| |||||||||||||
Return on average assets
|
0.76
|
%
|
0.40
|
%
|
0.82
|
%
|
0.45
|
%
| |||||
Return on average stockholders' equity
|
7.11
|
%
|
3.77
|
%
|
7.75
|
%
|
4.27
|
%
| |||||
Stockholders' equity to total assets
|
10.82
|
%
|
10.68
|
%
|
10.82
|
%
|
10.68
|
%
| |||||
Net interest spread
|
2.61
|
%
|
2.61
|
%
|
2.65
|
%
|
2.70
|
%
| |||||
Net interest margin
|
2.64
|
%
|
2.66
|
%
|
2.67
|
%
|
2.75
|
%
| |||||
Efficiency ratio
|
76.39
|
%
|
80.31
|
%
|
69.86
|
%
|
77.50
|
%
| |||||
Average interest-earning assets to average interest-bearing liabilities
|
110.65
|
%
|
110.82
|
%
|
110.70
|
%
|
110.72
|
%
| |||||
SELECTED FINANCIAL DATA:
| |||||||||||||
Basic earnings per share
|
$
|
0.30
|
$
|
0.16
|
$
|
0.66
|
$
|
0.36
| |||||
Diluted earnings per share
|
$
|
0.30
|
$
|
0.16
|
$
|
0.65
|
$
|
0.36
| |||||
Book value per share
|
$
|
17.31
|
$
|
16.79
|
$
|
17.31
|
$
|
16.79
| |||||
Shares used for basic EPS computation
|
7,435,218
|
7,441,984
|
7,482,544
|
7,439,230
| |||||||||
Shares used for diluted EPS computation
|
7,482,812
|
7,492,040
|
7,529,067
|
7,474,661
| |||||||||
Total shares issued and outstanding
|
7,389,943
|
7,442,254
|
7,389,943
|
7,442,254
| |||||||||
LOANS ORIGINATED AND PURCHASED FOR INVESTMENT:
| |||||||||||||
Mortgage Loans:
| |||||||||||||
Single-family
|
$
|
45,720
|
$
|
12,444
|
$
|
80,140
|
$
|
35,643
| |||||
Multi-family
|
14,920
|
16,432
|
40,238
|
38,279
| |||||||||
Commercial real estate
|
3,005
|
-
|
4,205
|
1,860
| |||||||||
Construction
|
1,684
|
688
|
1,684
|
1,828
| |||||||||
Total loans originated and purchased for investment
|
$
|
65,329
|
$
|
29,564
|
$
|
126,267
|
$
|
77,610
| |||||
Quarter
|
Quarter
|
Quarter
|
Quarter
|
Quarter
| ||||||||||||
Ended
|
Ended
|
Ended
|
Ended
|
Ended
| ||||||||||||
12/31/21
|
09/30/21
|
06/30/21
|
03/31/21
|
12/31/20
| ||||||||||||
SELECTED FINANCIAL RATIOS:
| ||||||||||||||||
Return on average assets
|
0.76
|
%
|
0.89
|
%
|
1.12
|
%
|
0.53
|
%
|
0.40
|
%
| ||||||
Return on average stockholders' equity
|
7.11
|
%
|
8.39
|
%
|
10.65
|
%
|
4.99
|
%
|
3.77
|
%
| ||||||
Stockholders' equity to total assets
|
10.82
|
%
|
10.76
|
%
|
10.75
|
%
|
10.57
|
%
|
10.68
|
%
| ||||||
Net interest spread
|
2.61
|
%
|
2.69
|
%
|
2.50
|
%
|
2.56
|
%
|
2.61
|
%
| ||||||
Net interest margin
|
2.64
|
%
|
2.71
|
%
|
2.54
|
%
|
2.60
|
%
|
2.66
|
%
| ||||||
Efficiency ratio
|
76.39
|
%
|
63.28
|
%
|
57.12
|
%
|
79.82
|
%
|
80.31
|
%
| ||||||
Average interest-earning assets to
average interest-bearing liabilities
|
110.65
|
%
|
110.76
|
%
|
110.77
|
%
|
110.94
|
%
|
110.82
|
%
| ||||||
SELECTED FINANCIAL DATA:
| ||||||||||||||||
Basic earnings per share
|
$
|
0.30
|
$
|
0.35
|
$
|
0.44
|
$
|
0.21
|
$
|
0.16
| ||||||
Diluted earnings per share
|
$
|
0.30
|
$
|
0.35
|
$
|
0.44
|
$
|
0.21
|
$
|
0.16
| ||||||
Book value per share
|
$
|
17.31
|
$
|
17.12
|
$
|
16.88
|
$
|
16.73
|
$
|
16.79
| ||||||
Average shares used for basic EPS
|
7,435,218
|
7,529,870
|
7,518,542
|
7,462,795
|
7,441,984
| |||||||||||
Average shares used for diluted EPS
|
7,482,812
|
7,575,320
|
7,590,312
|
7,579,897
|
7,492,040
| |||||||||||
Total shares issued and outstanding
|
7,389,943
|
7,491,705
|
7,541,469
|
7,516,547
|
7,442,254
| |||||||||||
LOANS ORIGINATED AND PURCHASED FOR INVESTMENT: | ||||||||||||||||
Mortgage loans:
| ||||||||||||||||
Single-family
|
$
|
45,720
|
$
|
34,420
|
$
|
51,574
|
$
|
38,928
|
$
|
12,444
| ||||||
Multi-family
|
14,920
|
25,318
|
36,987
|
21,208
|
16,432
| |||||||||||
Commercial real estate
|
3,005
|
1,200
|
1,128
|
830
|
-
| |||||||||||
Construction
|
1,684
|
-
|
3,598
|
-
|
688
| |||||||||||
Total loans originated and purchased for investment
|
$
|
65,329
|
$
|
60,938
|
$
|
93,287
|
$
|
60,966
|
$
|
29,564
|
As of
|
As of
|
As of
|
As of
|
As of
| ||||||||||||
12/31/21
|
09/30/21
|
06/30/21
|
03/31/21
|
12/31/20
| ||||||||||||
ASSET QUALITY RATIOS ANDDELINQUENT LOANS:
| ||||||||||||||||
Recourse reserve for loans sold
|
$
|
160
|
$
|
200
|
$
|
200
|
$
|
215
|
$
|
390
| ||||||
Allowance for loan losses
|
$
|
6,608
|
$
|
7,413
|
$
|
7,587
|
$
|
8,346
|
$
|
8,538
| ||||||
Non-performing loans to loans held for investment, net
|
0.33
|
%
|
0.77
|
%
|
1.02
|
%
|
1.16
|
%
|
1.20
|
%
| ||||||
Non-performing assets to total assets
|
0.24
|
%
|
0.55
|
%
|
0.73
|
%
|
0.82
|
%
|
0.88
|
%
| ||||||
Allowance for loan losses to gross loans held
| ||||||||||||||||
for investment
|
0.77
|
%
|
0.86
|
%
|
0.88
|
%
|
0.98
|
%
|
0.99
|
%
| ||||||
Net loan charge-offs (recoveries) to average loans receivable (annualized)
|
(0.12)
|
%
|
(0.08)
|
%
|
-
|
%
|
-
|
%
|
-
|
%
| ||||||
Non-performing loans
|
$
|
2,802
|
$
|
6,616
|
$
|
8,646
|
$
|
9,759
|
$
|
10,270
| ||||||
Loans 30 to 89 days delinquent
|
$
|
3
|
$
|
20
|
$
|
-
|
$
|
-
|
$
|
350
|
Quarter
|
Quarter
|
Quarter
|
Quarter
|
Quarter
| |||||||||||
Ended
|
Ended
|
Ended
|
Ended
|
Ended
| |||||||||||
12/31/21
|
09/30/21
|
06/30/21
|
03/31/21
|
12/31/20
| |||||||||||
Recourse provision (recovery) for loans sold
|
$
|
(40)
|
$
|
-
|
$
|
(15)
|
$
|
-
|
$
|
20
| |||||
(Recovery) provision for loan losses
|
$
|
(1,067)
|
$
|
(339)
|
$
|
(767)
|
$
|
(200)
|
$
|
39
| |||||
Net loan charge-offs (recoveries)
|
$
|
(262)
|
$
|
(165)
|
$
|
(8)
|
$
|
(8)
|
$
|
(9)
|
As of
|
As of
|
As of
|
As of
|
As of
| |||||||
12/31/2021
|
09/30/2021
|
06/30/2021
|
03/31/2021
|
12/31/2020
| |||||||
REGULATORY CAPITAL RATIOS (BANK):
| |||||||||||
Tier 1 leverage ratio
|
10.02
|
%
|
9.81
|
%
|
10.19
|
%
|
9.99
|
%
|
9.78
|
%
| |
Common equity tier 1 capital ratio
|
19.69
|
%
|
18.90
|
%
|
18.58
|
%
|
18.77
|
%
|
18.30
|
%
| |
Tier 1 risk-based capital ratio
|
19.69
|
%
|
18.90
|
%
|
18.58
|
%
|
18.77
|
%
|
18.30
|
%
| |
Total risk-based capital ratio
|
20.79
|
%
|
20.12
|
%
|
19.76
|
%
|
20.02
|
%
|
19.56
|
%
|
As of December 31,
| |||||||||||
2021
|
2020
| ||||||||||
Balance
|
Rate(1) |
Balance
|
Rate(1) | ||||||||
INVESTMENT SECURITIES:
| |||||||||||
Held to maturity:
| |||||||||||
Certificates of deposit
|
$
|
600
|
0.28
|
%
|
$
|
1,000
|
0.34
|
%
| |||
U.S. SBA securities
|
1,237
|
0.60
|
1,903
|
0.60
| |||||||
U.S. government sponsored enterprise MBS
|
203,228
|
1.26
|
200,195
|
1.14
| |||||||
Total investment securities held to maturity
|
$
|
205,065
|
1.25
|
%
|
$
|
203,098
|
1.13
|
%
| |||
Available for sale (at fair value):
| |||||||||||
U.S. government agency MBS
|
$
|
1,965
|
1.88
|
%
|
$
|
2,551
|
2.77
|
%
| |||
U.S. government sponsored enterprise MBS
|
1,007
|
2.29
|
1,434
|
3.06
| |||||||
Private issue collateralized mortgage obligations
|
146
|
2.53
|
173
|
3.69
| |||||||
Total investment securities available for sale
|
$
|
3,118
|
2.04
|
%
|
$
|
4,158
|
2.91
|
%
| |||
Total investment securities
|
$
|
208,183
|
1.26
|
%
|
$
|
207,256
|
1.17
|
%
|
As of December 31,
| |||||||||||
2021
|
2020
| ||||||||||
Balance
|
Rate(1) |
Balance
|
Rate(1) | ||||||||
LOANS HELD FOR INVESTMENT:
| |||||||||||
Held to maturity:
| |||||||||||
Single-family (1 to 4 units)
|
$
|
290,245
|
3.17
|
%
|
$
|
257,864
|
3.83
|
%
| |||
Multi-family (5 or more units)
|
466,467
|
4.04
|
488,412
|
4.16
| |||||||
Commercial real estate
|
91,236
|
4.84
|
102,551
|
4.67
| |||||||
Construction
|
3,501
|
5.35
|
7,135
|
5.99
| |||||||
Other mortgage
|
134
|
5.25
|
141
|
5.25
| |||||||
Commercial business
|
362
|
5.58
|
882
|
6.45
| |||||||
Consumer
|
78
|
15.00
|
95
|
15.00
| |||||||
Total loans held for investment
|
852,023
|
3.84
|
%
|
857,080
|
4.14
|
%
| |||||
Advance payments of escrows
|
124
|
142
| |||||||||
Deferred loan costs, net
|
6,467
|
6,402
| |||||||||
Allowance for loan losses
|
(6,608)
|
(8,538)
| |||||||||
Total loans held for investment, net
|
$
|
852,006
|
$
|
855,086
| |||||||
Purchased loans serviced by others included above
|
$
|
11,773
|
3.51
|
%
|
$
|
18,370
|
3.61
|
%
|
As of December 31,
| |||||||||||
2021
|
2020
| ||||||||||
Balance
|
Rate(1) |
Balance
|
Rate(1) | ||||||||
DEPOSITS:
| |||||||||||
Checking accounts - non interest-bearing
|
$
|
112,022
|
-
|
%
|
$
|
109,609
|
-
|
%
| |||
Checking accounts - interest-bearing
|
349,747
|
0.04
|
314,163
|
0.05
| |||||||
Savings accounts
|
324,058
|
0.05
|
289,133
|
0.06
| |||||||
Money market accounts
|
38,838
|
0.16
|
43,310
|
0.14
| |||||||
Time deposits
|
131,683
|
0.60
|
153,753
|
0.82
| |||||||
Total deposits
|
$
|
956,348
|
0.12
|
%
|
$
|
909,968
|
0.18
|
%
| |||
BORROWINGS:
| |||||||||||
Overnight
|
$
|
-
|
-
|
%
|
$
|
-
|
-
|
%
| |||
Three months or less
|
-
|
-
|
-
|
-
| |||||||
Over three to six months
|
-
|
-
|
5,000
|
-
| |||||||
Over six months to one year
|
20,000
|
1.75
|
21,015
|
1.75
| |||||||
Over one year to two years
|
20,000
|
2.00
|
30,000
|
1.90
| |||||||
Over two years to three years
|
20,000
|
2.50
|
20,000
|
2.00
| |||||||
Over three years to four years
|
20,000
|
2.70
|
20,000
|
2.50
| |||||||
Over four years to five years
|
-
|
-
|
20,000
|
2.70
| |||||||
Over five years
|
-
|
-
|
-
|
-
| |||||||
Total borrowings
|
$
|
80,000
|
2.24
|
%
|
$
|
116,015
|
2.05
|
%
|
Quarter Ended
|
Quarter Ended
| |||||||||||
December 31, 2021
|
December 31, 2020
| |||||||||||
Balance
|
Rate(1) |
Balance
|
Rate(1) | |||||||||
SELECTED AVERAGE BALANCE SHEETS:
| ||||||||||||
Held to maturity:
| ||||||||||||
Loans receivable, net
|
$
|
854,270
|
3.71
|
%
|
$
|
868,494
|
3.84
|
%
| ||||
Investment securities
|
209,686
|
0.83
|
208,453
|
0.86
| ||||||||
FHLB - San Francisco stock
|
8,155
|
6.03
|
7,970
|
5.02
| ||||||||
Interest-earning deposits
|
90,990
|
0.15
|
64,922
|
0.10
| ||||||||
Total interest-earning assets
|
$
|
1,163,101
|
2.93
|
%
|
$
|
1,149,839
|
3.10
|
%
| ||||
Total assets
|
$
|
1,196,804
|
$
|
1,179,797
| ||||||||
Deposits
|
$
|
962,116
|
0.12
|
%
|
$
|
902,701
|
0.21
|
%
| ||||
Borrowings
|
89,022
|
2.43
|
134,826
|
2.36
| ||||||||
Total interest-bearing liabilities
|
$
|
1,051,138
|
0.32
|
%
|
$
|
1,037,527
|
0.49
|
%
| ||||
Total stockholders' equity
|
$
|
127,397
|
$
|
124,855
|
Six Months Ended
|
Six Months Ended
| |||||||||||
December 31, 2021
|
December 31, 2020
| |||||||||||
Balance
|
Rate(1) |
Balance
|
Rate(1) | |||||||||
SELECTED AVERAGE BALANCE SHEETS:
| ||||||||||||
Held to maturity:
| ||||||||||||
Loans receivable, net
|
$
|
853,505
|
3.77
|
%
|
$
|
880,733
|
3.92
|
%
| ||||
Investment securities
|
214,797
|
0.79
|
182,344
|
1.02
| ||||||||
FHLB - San Francisco stock
|
8,155
|
6.01
|
7,970
|
5.02
| ||||||||
Interest-earning deposits
|
86,598
|
0.15
|
79,099
|
0.10
| ||||||||
Total interest-earning assets
|
$
|
1,163,055
|
2.97
|
%
|
$
|
1,150,146
|
3.20
|
%
| ||||
Total assets
|
$
|
1,195,781
|
$
|
1,180,936
| ||||||||
Deposits
|
$
|
957,216
|
0.13
|
%
|
$
|
900,993
|
0.22
|
%
| ||||
Borrowings
|
93,382
|
2.32
|
137,769
|
2.31
| ||||||||
Total interest-bearing liabilities
|
$
|
1,050,598
|
0.32
|
%
|
$
|
1,038,762
|
0.50
|
%
| ||||
Total stockholders' equity
|
$
|
127,278
|
$
|
124,599
|
As of
|
As of
|
As of
|
As of
|
As of
| |||||||||||
12/31/21
|
09/30/21
|
06/30/21
|
03/31/21
|
12/31/20
| |||||||||||
Loans on non-accrual status (excluding restructured loans):
| |||||||||||||||
Mortgage loans:
| |||||||||||||||
Single-family
|
$
|
745
|
$
|
739
|
$
|
882
|
$
|
896
|
$
|
2,062
| |||||
Multi-family
|
1,077
|
775
|
781
|
786
|
-
| ||||||||||
Total
|
1,822
|
1,514
|
1,663
|
1,682
|
2,062
| ||||||||||
Accruing loans past due 90 days or more:
|
-
|
-
|
-
|
-
|
-
| ||||||||||
Total
|
-
|
-
|
-
|
-
|
-
| ||||||||||
Restructured loans on non-accrual status:
| |||||||||||||||
Mortgage loans:
| |||||||||||||||
Single-family
|
980
|
5,102
|
6,983
|
8,077
|
8,208
| ||||||||||
Total
|
980
|
5,102
|
6,983
|
8,077
|
8,208
| ||||||||||
Total non-performing loans (1) |
2,802
|
6,616
|
8,646
|
9,759
|
10,270
| ||||||||||
Real estate owned, net
|
-
|
-
|
-
|
-
|
-
| ||||||||||
Total non-performing assets
|
$
|
2,802
|
$
|
6,616
|
$
|
8,646
|
$
|
9,759
|
$
|
10,270
|
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Disclaimer
Provident Financial Holdings Inc. published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 20:06:07 UTC.