CASHMERE VALLEY BANK | FFIEC 051 |
RSSD-ID 574976 | Report Date 12/31/2021 |
Last Updated on 1/26/2022 | 7 |
Schedule RI - Income Statement(Form Type - 051)
Dollar amounts in thousands
1. Interest income: | 1. | |||
a. Interest and fee income on loans: | 1.a. | |||
1. Loans secured by real estate: | 1.a.1. | |||
a. Loans secured by 1-4 family residential properties............................................................................... | RIAD4435 | 4,351 | 1.a.1.a. | |
b. All other loans secured by real estate.................................................................................................... | RIAD4436 | 17,035 | 1.a.1.b. | |
2. Commercial and industrial loans................................................................................................................... | RIAD4012 | 8,432 | 1.a.2. | |
3. Loans to individuals for household, family, and other personal expenditures: | 1.a.3. | |||
a. Credit cards........................................................................................................................................... | RIADB485 | 120 | 1.a.3.a. | |
b. Other (includes revolving credit plans other than credit cards, automobile loans, and other consumer | ||||
RIADB486 | 6,593 | 1.a.3.b. | ||
loans)......................................................................................................................................................... | ||||
4. Not applicable | 1.a.4. | |||
5. All other loans1.............................................................................................................................................. | RIAD4058 | 2,482 | 1.a.5. | |
6. Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(5)).......................................... | RIAD4010 | 39,013 | 1.a.6. | |
b. Income from lease financing receivables............................................................................................................. | RIAD4065 | 138 | 1.b. | |
c. Interest income on balances due from depository institutions2............................................................................ | ||||
RIAD4115 | 96 | 1.c. | ||
d. Interest and dividend income on securities: | 1.d. | |||
1. U.S. Treasury securities and U.S. Government agency obligations (excluding mortgage-backed securities). | RIADB488 | 484 | 1.d.1. | |
2. Mortgage-backed securities.......................................................................................................................... | RIADB489 | 5,224 | 1.d.2. | |
3. All other securities (includes securities issued by states and political subdivisions in the U.S.)................... | RIAD4060 | 12,928 | 1.d.3. | |
e. Not applicable | 1.e. | |||
f. Interest income on federal funds sold and securities purchased under agreements to resell............................... | RIAD4020 | 9 | 1.f. | |
g. Other interest income........................................................................................................................................... | RIAD4518 | 74 | 1.g. | |
h. Total interest income (sum of items 1.a.(6) through 1.g)...................................................................................... | RIAD4107 | 57,966 | 1.h. | |
2. Interest expense: | 2. | |||
a. Interest on deposits: | 2.a. | |||
1. Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts, and telephone | RIAD4508 | 125 | 2.a.1. | |
and preauthorized transfer accounts)............................................................................................................... | ||||
2. Nontransaction accounts: | 2.a.2. | |||
a. Savings deposits (includes MMDAs)..................................................................................................... | RIAD0093 | 1,766 | 2.a.2.a. | |
b. Time deposits of $250,000 or less......................................................................................................... | RIADHK03 | 2,374 | 2.a.2.b. | |
c. Time deposits of more than $250,000.................................................................................................... | RIADHK04 | 828 | 2.a.2.c. | |
b. Expense of federal funds purchased and securities sold under agreements to repurchase................................ | RIAD4180 | 50 | 2.b. | |
c. Other interest expense......................................................................................................................................... | RIADGW44 | 0 | 2.c. | |
d. Not applicable | 2.d. | |||
e. Total interest expense (sum of items 2.a through 2.c).......................................................................................... | RIAD4073 | 5,143 | 2.e. | |
3. Net interest income (item 1.h minus 2.e)..................................................................................................................... | RIAD4074 | 52,823 | 3. | |
4. Provision for loan and lease losses3............................................................................................................................ | ||||
RIADJJ33 | 81 | 4. | ||
5. Noninterest income: | 5. | |||
a. Income from fiduciary activities 2......................................................................................................................... | RIAD4070 | 0 | 5.a. | |
b. Service charges on deposit accounts................................................................................................................... | RIAD4080 | 1,634 | 5.b. | |
c. Not applicable | 5.c. | |||
d. Income from securities-related and insurance activities | 5.d. | |||
1. Fees and commissions from securities brokerage, investment banking, advisory, and underwriting | RIADHT73 | 1,327 | 5.d.1. | |
activities............................................................................................................................................................ | ||||
- Includes interest and fee income on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans"
- Includes interest income on time certificates of deposit not held for trading.
- Institutions that have adopted ASU 2016-13 should report in item 4 the provisions for credit losses for all financial assets and off-balance-sheet credit exposures that fall within the scope of the standard.
2. For banks required to complete Schedule RC-T, items 14 through 22, income from fiduciary activities reported in Schedule RI, item 5.a, must equal the amount reported in Schedule RC-T, item 22.
CASHMERE VALLEY BANK | FFIEC 051 |
RSSD-ID 574976 | Report Date 12/31/2021 |
Last Updated on 1/26/2022 | 8 |
Dollar amounts in thousands
2. Income from insurance activities3................................................................................................................. | RIADHT74 | 5,368 | 5.d.2. | |
e. Not applicable | 5.e. | |||
f. Net servicing fees.................................................................................................................................................. | RIADB492 | 1,076 | 5.f. | |
g. Not applicable | 5.g. | |||
h. Not applicable | 5.h. | |||
i. Net gains (losses) on sales of loans and leases................................................................................................... | RIAD5416 | 4,316 | 5.i. | |
j. Net gains (losses) on sales of other real estate owned......................................................................................... | RIAD5415 | 0 | 5.j. | |
k. Net gains (losses) on sales of other assets3........................................................................................................ | ||||
RIADB496 | -5 | 5.k. | ||
l. Other noninterest income*..................................................................................................................................... | RIADB497 | 8,979 | 5.l. | |
m. Total noninterest income (sum of items 5.a through 5.l)...................................................................................... | RIAD4079 | 22,695 | 5.m. | |
6. Not available | 6. | |||
a. Realized gains (losses) on held-to-maturity securities......................................................................................... | RIAD3521 | 0 | 6.a. | |
b. Realized gains (losses) on available-for-sale debt securities............................................................................... | RIAD3196 | 1 | 6.b. | |
7. Noninterest expense: | 7. | |||
a. Salaries and employee benefits........................................................................................................................... | RIAD4135 | 22,120 | 7.a. | |
b. Expenses of premises and fixed assets (net of rental income) (excluding salaries and employee benefits and | ||||
RIAD4217 | 3,123 | 7.b. | ||
mortgage interest).................................................................................................................................................... | ||||
c. Not available | 7.c. | |||
1. Goodwill impairment losses.......................................................................................................................... | RIADC216 | 0 | 7.c.1. | |
2. Amortization expense and impairment losses for other intangible assets.................................................... | RIADC232 | 625 | 7.c.2. | |
d. Other noninterest expense*.................................................................................................................................. | ||||
RIAD4092 | 15,588 | 7.d. | ||
e. Total noninterest expense (sum of items 7.a through 7.d).................................................................................... | RIAD4093 | 41,456 | 7.e. | |
8. Not available | 8. | |||
a. Income (loss) before change in net unrealized holding gains (losses) on equity securities not held for trading, | RIADHT69 | 33,982 | 8.a. | |
applicable income taxes, and discontinued operations (item 3 plus or minus items 4, 5.m, 6.a, 6.b, and 7.e)........ | ||||
b. Change in net unrealized holding gains (losses) on equity securities not held for trading4................................. | ||||
RIADHT70 | 0 | 8.b. | ||
c. Income (loss) before applicable income taxes and discontinued operations (sum of items 8.a and 8.b)............. | RIAD4301 | 33,982 | 8.c. | |
9. Applicable income taxes (on item 8.c)......................................................................................................................... | RIAD4302 | 4,949 | 9. | |
10. Income (loss) before discontinued operations (item 8.c minus item 9)...................................................................... | RIAD4300 | 29,033 | 10. | |
11. Discontinued operations, net of applicable income taxes*......................................................................................... | ||||
RIADFT28 | 0 | 11. | ||
12. Net income (loss) attributable to bank and noncontrolling (minority) interests (sum of items 10 and 11)................. | RIADG104 | 29,033 | 12. | |
13. LESS: Net income (loss) attributable to noncontrolling (minority) interests (if net income, report as a positive value; | ||||
RIADG103 | 0 | 13. | ||
if net loss, report as a negative value)............................................................................................................................. | ||||
14. Net income (loss) attributable to bank (item 12 minus item 13)................................................................................. | RIAD4340 | 29,033 | 14. | |
1. Not applicable | M.1. | |||
2. Not applicable | M.2. | |||
3. Income on tax-exempt loans and leases to states and political subdivisions in the U.S. (included in Schedule RI, | RIAD4313 | 2,199 | M.3. | |
items 1.a and 1.b)............................................................................................................................................................ | ||||
4. Income on tax-exempt securities issued by states and political subdivisions in the U.S. (included in Schedule RI, | ||||
RIAD4507 | 6,595 | M.4. | ||
item 1.d.(3))..................................................................................................................................................................... | ||||
5. Number of full-time equivalent employees at end of current period (round to nearest whole number)....................... | RIAD4150 | 287 | M.5. | |
Memorandum item 6 is to be completed by: | ||||
* banks with $300 million or more in total assets, and | ||||
* banks with less than $300 million in total assets that have loans to finance agricultural production and other loans to farmers (Schedule | RIAD4024 | 70 | M.6. | |
RC-C, Part I, item 3) exceeding 5 percent of total loans | ||||
6. Interest and fee income on loans to finance agricultural production and other loans to farmers (included in Schedule | ||||
RI, item 1.a.(5))1.............................................................................................................................................................. | ||||
7. If the reporting institution has applied pushdown accounting this calendar year, report the date of the institution's | RIAD9106 | 0 | M.7. | |
acquisition (see instructions)2......................................................................................................................................... | ||||
3. Includes underwriting income from insurance and reinsurance activities.
3. Exclude net gains (losses) on sales of trading assets and held-to-maturity and available-for-sale debt securities.
*. | Describe on Schedule RI-E - Explanations. |
*. | Describe on Schedule RI-E - Explanations. |
4. Item 8.b is to be completed by all institutions. See the instructions for this item and the Glossary entry for "Securities Activities" for further detail on accounting for investments in equity securities.
*. | Describe on Schedule RI-E - Explanations. |
- The $300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30, 2018, Report of Condition.
- Report the date in YYYYMMDD format. For example, a bank acquired on March 1, 2019, would report 20190301.
CASHMERE VALLEY BANK | FFIEC 051 |
RSSD-ID 574976 | Report Date 12/31/2021 |
Last Updated on 1/26/2022 | 9 |
Dollar amounts in thousands
8. Not applicable | M.8. | |||
9. Not applicable | M.9. | |||
10. Not applicable | M.10. | |||
11. Does the reporting bank have a Subchapter S election in effect for federal income tax purposes for the current tax | RIADA530 | No | M.11. | |
year?............................................................................................................................................................................... | ||||
Memorandum item 12 is to be completed by banks that are required to complete Schedule RC-C, Part I, Memorandum items 8.b and 8.c, | ||||
and is to be completed annually in the December report only. | RIADF228 | NR | M.12. | |
12. Noncash income from negative amortization on closed-end loans secured by 1-4 family residential properties | ||||
(included in Schedule RI, item 1.a.(1)(a))........................................................................................................................ | ||||
13. Not applicable | M.13. | |||
Memorandum item 14 is to be completed semiannually in the June and December reports only. | ||||
14. Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities recognized in | RIADJ321 | 0 | M.14. | |
earnings (included in Schedule RI, items 6.a and 6.b)3.................................................................................................. | ||||
Memorandum item 15 is to be completed annually in the December report only by institutions with $1 billion or more in total assets1 that | ||||
answered "Yes" to Schedule RC-E, Memorandum item 5. | M.15. | |||
15. Components of service charges on deposit accounts (sum of Memorandum items 15.a through 15.d must equal | ||||
Schedule RI, item 5.b): | ||||
a. Consumer overdraft-related service charges levied on those transaction account and nontransaction savings | RIADH032 | 913 | M.15.a. | |
account deposit products intended primarily for individuals for personal, household, or family use........................ | ||||
b. Consumer account periodic maintenance charges levied on those transaction account and nontransaction | ||||
RIADH033 | 45 | M.15.b. | ||
savings account deposit products intended primarily for individuals for personal, household, or family use........... | ||||
c. Consumer customer automated teller machine (ATM) fees levied on those transaction account and nontransaction | ||||
RIADH034 | 63 | M.15.c. | ||
savings account deposit products intended primarily for individuals for personal, household, or family use........... | ||||
d. All other service charges on deposit accounts..................................................................................................... | RIADH035 | 613 | M.15.d. | |
Schedule RI-A - Changes in Bank Equity Capital(Form Type - 051)
Dollar amounts in thousands
1. Total bank equity capital most recently reported for the December 31, 2020, Reports of Condition and Income (i.e., | RIAD3217 | 238,679 | 1. | |
after adjustments from amended Reports of Income)..................................................................................................... | ||||
2. Cumulative effect of changes in accounting principles and corrections of material accounting errors*....................... | ||||
RIADB507 | 0 | 2. | ||
3. Balance end of previous calendar year as restated (sum of items 1 and 2)................................................................ | RIADB508 | 238,679 | 3. | |
4. Net income (loss) attributable to bank (must equal Schedule RI, item 14).................................................................. | RIAD4340 | 29,033 | 4. | |
5. Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions)................... | RIADB509 | 463 | 5. | |
6. Treasury stock transactions, net.................................................................................................................................. | RIADB510 | -6,876 | 6. | |
7. Changes incident to business combinations, net......................................................................................................... | RIAD4356 | 0 | 7. | |
8. LESS: Cash dividends declared on preferred stock.................................................................................................... | RIAD4470 | 0 | 8. | |
9. LESS: Cash dividends declared on common stock..................................................................................................... | RIAD4460 | 6,081 | 9. | |
10. Other comprehensive income1.................................................................................................................................. | ||||
RIADB511 | -16,120 | 10. | ||
11. Other transactions with stockholders (including a parent holding company) (not included in items 5, 6, 8, or 9 | RIAD4415 | 0 | 11. | |
above)*............................................................................................................................................................................ | ||||
12. Total bank equity capital end of current period (sum of items 3 through 11) (must equal Schedule RC, item 27.a).. | RIAD3210 | 239,098 | 12. | |
3. Memorandum item 14 is to be completed only by institutions that have not adopted ASU 2016-13.
*. | Describe on Schedule RI-E - Explanations. |
1. Includes, but is not limited to, changes in net unrealized holding gains (losses) on available-for-sale debt securities, changes in accumulated net gains (losses) on cash flow hedges, and pension and other postretirement plan-related changes other than net periodic benefit cost.
*. | Describe on Schedule RI-E - Explanations. |
CASHMERE VALLEY BANK | FFIEC 051 |
RSSD-ID 574976 | Report Date 12/31/2021 |
Last Updated on 1/26/2022 | 10 |
Schedule RI-B Part I - Charge-offs and Recoveries on Loans and Leases(Form Type - 051)
Part I includes charge-offs and recoveries through the allocated transfer risk reserve.
Dollar amounts in thousands | (Column A) Charge-offs | (Column B) Recoveries Calendar | |||||
Calendar year-to-date | year-to-date | ||||||
1. Loans secured by real estate: | |||||||
a. Construction, land development, and other land loans: | |||||||
1. 1-4 family residential construction loans................................................................. | RIADC891 | 0 | RIADC892 | 0 | |||
2. Other construction loans and all land development and other land loans............... | RIADC893 | 0 | RIADC894 | 0 | |||
b. Secured by farmland....................................................................................................... | RIAD3584 | 0 | RIAD3585 | 0 | |||
c. Secured by 1-4 family residential properties: | |||||||
1. Revolving, open-end loans secured by 1-4 family residential properties and extended | RIAD5411 | 0 | RIAD5412 | 0 | |||
under lines of credit..................................................................................................... | |||||||
2. Closed-end loans secured by 1-4 family residential properties: | |||||||
a. Secured by first liens........................................................................................ | RIADC234 | 0 | RIADC217 | 0 | |||
b. Secured by junior liens..................................................................................... | RIADC235 | 0 | RIADC218 | 0 | |||
d. Secured by multifamily (5 or more) residential properties.............................................. | RIAD3588 | 0 | RIAD3589 | 0 | |||
e. Secured by nonfarm nonresidential properties: | |||||||
1. Loans secured by owner-occupied nonfarm nonresidential properties................... | RIADC895 | 0 | RIADC896 | 0 | |||
2. Loans secured by other nonfarm nonresidential properties.................................... | RIADC897 | 0 | RIADC898 | 0 | |||
2. Not applicable | |||||||
3. Not applicable | |||||||
4. Commercial and industrial loans............................................................................................ | RIAD4638 | 90 | RIAD4608 | 219 | |||
5. Loans to individuals for household, family, and other personal expenditures: | |||||||
a. Credit cards.................................................................................................................... | RIADB514 | 62 | RIADB515 | 7 | |||
b. Automobile loans............................................................................................................ | RIADK129 | 400 | RIADK133 | 381 | |||
c. Other (includes revolving credit plans other than credit cards and other consumer | |||||||
RIADK205 | 0 | RIADK206 | 5 | ||||
loans)................................................................................................................................. | |||||||
6. Not applicable | |||||||
7. All other loans2...................................................................................................................... | RIAD4644 | 206 | RIAD4628 | 125 | |||
8. Lease financing receivables................................................................................................... | RIAD4266 | 16 | RIAD4267 | 0 | |||
9. Total (sum of items 1 through 8)............................................................................................ | RIAD4635 | 774 | RIAD4605 | 737 | |||
1. Loans to finance commercial real estate, construction, and land development activities (not | |||||||
RIAD5409 | 0 | RIAD5410 | 0 | ||||
secured by real estate) included in Schedule RI-B, Part I, items 4 and 7, above...................... | |||||||
2. Not applicable | |||||||
Memorandum item 3 are to be completed by: | |||||||
* banks with $300 million or more in total assets, and | |||||||
* banks with less than $300 million in total assets that have loans to finance agricultural production and other | RIAD4655 | 0 | RIAD4665 | 0 | |||
loans to farmers (Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans | |||||||
3. Loans to finance agricultural production and other loans to farmers (included in Schedule | |||||||
RI-B, Part I, item 7, above)2....................................................................................................... |
1.
1.a.
1.a.1.
1.a.2.
1.b.
1.c.
1.c.1.
1.c.2.
1.c.2.a.
1.c.2.b.
1.d.
1.e.
1.e.1.
1.e.2.
2.
3.
4.
5.
5.a.
5.b.
5.c.
6.
7.
8.
9.
M.1.
M.2.
M.3.
2. Includes charge-offs and recoveries on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans."
2. The $300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30, 2018, Report of Condition.
CASHMERE VALLEY BANK | FFIEC 051 |
RSSD-ID 574976 | Report Date 12/31/2021 |
Last Updated on 1/26/2022 | 11 |
Schedule RI-B Part II - Changes in Allowances for Credit Losses(Form Type - 051)
(Column A) Loans and | (Column B) | (Column C) | |||||||||
Dollar amounts in thousands | Leases Held for | Held-to-maturity Debt | Available-for-sale Debt | ||||||||
Investment | Securities | Securities | |||||||||
1. Balance most recently reported for the December 31, 2020, Reports of | 13,730 | NR | NR | ||||||||
Condition and Income (i.e., after adjustments from amended Reports of | RIADB522 | RIADJH88 | RIADJH94 | 1. | |||||||
Income)............................................................................................................. | |||||||||||
2. Recoveries (column A must equal Part I, item 9, column B, above)............. | RIAD4605 | 737 | RIADJH89 | NR | RIADJH95 | NR | 2. | ||||
3. LESS: Charge-offs (column A must equal Part I, item 9, column A, above | |||||||||||
RIADC079 | 774 | RIADJH92 | NR | RIADJH98 | NR | 3. | |||||
less Schedule RI-B, Part II, item 4, column A)................................................. | |||||||||||
4. LESS: Write-downs arising from transfers of financial assets3..................... | |||||||||||
RIAD5523 | 0 | RIADJJ00 | NR | RIADJJ01 | NR | 4. | |||||
5. Provisions for credit losses4......................................................................... | RIAD4230 | 81 | RIADJH90 | NR | RIADJH96 | NR | 5. | ||||
6. Adjustments (see instructions for this schedule)*......................................... | RIADC233 | 0 | RIADJH91 | NR | RIADJH97 | NR | 6. | ||||
7. Balance end of current period (sum of items 1, 2, 5, and 6, less items 3 and | RIAD3123 | 13,774 | RIADJH93 | NR | RIADJH99 | NR | 7. | ||||
4) (column A must equal Schedule RC, item 4.c)............................................. | |||||||||||
Dollar amounts in thousands | ||
1. Not applicable | ||
2. Not applicable | ||
3. Not applicable | ||
4. Not applicable | ||
5. Provisions for credit losses on other financial assets measured at amortized cost (not included in item 5, above)1... | RIADJJ02 | |
6. Allowance for credit losses on other financial assets measured at amortized cost (not included in item 7, above)1... | RCONJJ03 | |
7. Provisions for credit losses on off-balance-sheet credit exposures............................................................................. | RIADMG93 | |
M.1.
M.2.
M.3.
M.4.
NR M.5.
NR M.6.
NR M.7.
- Institutions that have not yet adopted ASU 2016-13 should report write-downs arising from transfers of loans to a held-for-sale account in item 4, column A.
- Institutions that have not yet adopted ASU 2016-13 should report the provision for loan and lease losses in item 5, column A and the amount reported must equal Schedule RI, item 4.
*. | Describe on Schedule RI-E - Explanations. |
1. Memorandum items 5, 6, and 7 are to be completed only by institutions that have adopted ASU 2016-13.
1. Memorandum items 5, 6, and 7 are to be completed only by institutions that have adopted ASU 2016-13.
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Cashmere Valley Bank published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 16:22:05 UTC.