ACCESSbank Financial Statement
Balance Sheet (AMOUNTS IN MILLIONS)
ASSETS
2024
2023
2022
Cash and Due From Banks
$ 87.4
$ 34.6
$ 41.7
Investment Securities
89.7
150.9
231.5
Total Loans and Leases
734.8
719.1
635.1
Less: Allowance for Credit Losses
(10.3)
(10.4)
(9.0)
Net Loans and Leases
724.5
708.7
626.1
Other Assets
50.6
50.6
46.4
Total Assets
$ 952.2
$ 944.8
$ 945.7
LIABILITIES & EQUITY
2024
2023
2022
Deposits
$ 795.8
$ 758.7
$ 844.5
Borrowed Funds
50.0
75.0
-
Other Liabilities
8.5
9.9
9.5
Total Liabilities
854.3
843.6
854.0
Total Shareholders’ Equity
97.9
101.2
91.7
Total Liabilities and Shareholders’ Equity
$ 952.2
$ 944.8
$ 945.7
Income Statement (AMOUNTS IN MILLIONS)
2024
2023
2022
Interest and Dividend Income
$ 51.9
$ 44.6
$ 32.4
Interest Expense
(23.3)
(16.0)
(2.7)
Net Interest Income
28.6
28.6
29.7
Provision for Credit Losses
(0.3)
(0.2)
(0.7)
Non-Interest Income
7.6
7.5
8.4
Non-Interest Expense
(23.8)
(23.5)
(23.1)
Income Before Taxes
12.1
12.4
14.3
Provision for Income Taxes
(2.2)
(2.7)
(3.1)
Net Income
$ 9.9
$ 9.7
$ 11.2
ACCESSbank Historical Results (AMOUNTS IN MILLIONS)
$734.8
$795.8
$12.1
9.84%
2024
2024
2024
2024
$844.5 $758.7
$14.3 $12.4
12.47% 10.22%
$635.1 $719.1
2023
2023
2023
2023
2022
2022
2022
2022
PRE-TAX EARNINGS
RETURN ON AVG. EQUITY (ROAE)
GROSS LOANS
TOTAL DEPOSITS
5
SOLID GROUND, BOLD VISION: 2024 ANNUAL REPORT
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