CFFI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-11

• ●The consumer finance segment experienced net charge-offs at an annualized rate of 2.98 percent of average total loans for the first quarter of 2026 compared to 2.64 percent for the first quarter of 2025; and

• ●Mortgage banking segment loan originations increased $65.9 million, or 57.9 percent, to $179.6 million for the first quarter of 2026 compared to the first quarter of 2025.

• Subsequent to March 31, 2026, the Corporation completed the sale (Transaction) of its membership interest in Bearing Insurance Group, LLC to an unaffiliated third party, effective May 1, 2026. Following the completion of Transaction, the Corporation executed a strategic restructuring of a portion of…

• Total equity was $266.1 million at March 31, 2026 compared to $262.3 million at December 31, 2025. Under regulatory capital standards, the Corporation’s tier 1 risk-based capital and total risk-based capital ratios at March 31, 2026 were 12.1 percent and 15.1 percent, respectively, compared to 12.2 …

• Total consolidated equity increased $3.8 million at March 31, 2026 compared to December 31, 2025 due primarily to net income, partially offset by dividends paid on the Corporation’s common stock and higher net unrealized losses in the market value of securities available for sale, which are recogniz…

Text removed vs the prior filing · source: 10-Q · 2025-11-04

• Annualized return on average tangible common equity (ROTCE)1

• ●The community banking segment recorded a net reversal of provision for credit losses of $100,000 and $300,000 for the third quarter and first nine months of 2025, respectively, compared to a provision for credit losses of $700,000 and $1.7 million for the same periods in 2024, respectively;

• ●The consumer finance segment recorded provision for credit losses of $3.0 million and $8.3 million for the third quarter and first nine months of 2025, respectively, compared to $3.0 million and $8.1 million for the same periods in 2024, respectively;

• ●The consumer finance segment experienced net charge-offs at an annualized rate of 2.68 percent and 2.51 percent of average total loans for the third quarter and first nine months of 2025, respectively, compared to 2.65 percent and 2.36 percent for the same periods of 2024;

• ●Mortgage banking segment loan originations increased $10.1 million, or 6.4 percent, to $167.0 million for the third quarter of 2025 compared to the third quarter of 2024 and decreased $46.5 million, or 21.8 percent compared to the second quarter of 2025; and

Text added vs the prior filing · source: 10-Q · 2026-05-11

• These results indicate that the Corporation would expect net interest income to decrease over the next twelve months assuming an immediate downward shift in market interest rates of 100 BP to 300 BP and to increase if rates shifted upward to the same degree. As of March 31, 2026, the Corporation’s n…

• These results as of March 31, 2026 indicate that the EVE would decrease assuming an immediate downward or upward shift in market interest rates of 100 BP to 300 BP. As of March 31, 2026, the Corporation’s EVE is slightly less sensitive to a decrease in market interest rates and slightly more sensiti…

• are repriced downward, subject to floors on certain loans, while certain deposit rates are not allowed to decrease below zero.

Text removed vs the prior filing · source: 10-Q · 2025-11-04

• These results indicate that the Corporation would expect net interest income to decrease over the next twelve months assuming an immediate downward shift in market interest rates of 100 BP to 300 BP and to increase if rates shifted upward to the same degree. The simulation analysis results show the …

• These results as of September 30, 2025 indicate that the EVE would decrease assuming an immediate downward shift in market interest rates of 100 BP to 300 BP, would increase if rates shifted upward 100 BP and would decrease if rates immediately shifted upward 200 BP to 300 BP. As of September 30, 20…