Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,”
“Eagle”), the holding company of Opportunity Bank of Montana (the
“Bank”), today reported net income of $2.6 million, or $0.34
per diluted share, in the third quarter of 2023, compared to $2.0
million, or $0.26 per diluted share, in the preceding quarter, and
$3.1 million, or $0.40 per diluted share, in the third quarter of
2022. In the first nine months of 2023, net income increased 11.5%
to $7.9 million, or $1.01 per diluted share, compared to
$7.1 million, or $0.98 per diluted share, in the first nine
months of 2022.
Eagle’s board of directors declared a quarterly
cash dividend to $0.14 per share on October 19, 2023. The dividend
will be payable December 1, 2023 to shareholders of record November
10, 2023. The current dividend represents an annualized yield of
4.81% based on recent market prices.
“We delivered solid third quarter earnings,
fueled by net interest income generation and higher loan
production,” said Laura F. Clark, President and CEO. “Total loans
increased $163.6 million, or 12.5%, over the last 12 months, while
growing $54.3 million, or 3.8%, on the linked quarter. We were
encouraged by loan demand during the third quarter, and remain
positive about the opportunities in our markets, as loan pipelines
and overall business activity remain solid. While the high interest
rate environment continues to impact funding costs and our net
interest margin, we are well positioned with a strong balance sheet
to weather the remainder of this economic cycle.”
Third Quarter 2023 Highlights
(at or for the three-month period ended September 30, 2023, except
where noted):
- Net income was $2.6 million, or
$0.34 per diluted share, in the third quarter of 2023, compared to
$2.0 million, or $0.26 per diluted share, in the preceding quarter,
and $3.1 million, or $0.40 per diluted share, in the third quarter
a year ago.
- Net interest margin (“NIM”) was
3.41% in the third quarter of 2023, compared to 3.47% in the
preceding quarter, and 4.18% in the third quarter a year ago.
- Revenues (net interest income before the provision for credit
losses, plus noninterest income) were $21.6 million in the third
quarter of 2023, compared to $21.5 million in the preceding quarter
and $25.3 million in the third quarter a year ago.
- The accretion of the loan purchase
discount into loan interest income from acquisitions, was $175,000
in the third quarter of 2023, compared to accretion on purchased
loans from acquisitions of $309,000 in the preceding quarter.
- The allowance for credit losses represented 1.10% of portfolio
loans and 209.3% of nonperforming loans at September 30, 2023. The
allowance for loan losses represented 1.06% of portfolio loans and
306.4% of nonperforming loans at September 30, 2022.
- Total loans increased 12.5% to
$1.48 billion, at September 30, 2023, compared to $1.31 billion a
year earlier, and increased 3.8% compared to $1.42 billion at June
30, 2023.
- Total deposits decreased 3.5% to $1.62 billion at September 30,
2023, from $1.67 billion a year ago, and increased 2.4% compared to
$1.58 billion at June 30, 2023.
- Available borrowing capacity was approximately $333.4
million:
| |
|
|
|
September 30, 2023 |
| (Dollars in
thousands) |
|
|
Borrowings Outstanding |
Remaining Borrowing Capacity |
| Federal Home Loan
Bank advances |
|
$ |
199,757 |
$ |
216,430 |
| Federal Reserve
Bank discount window |
|
- |
|
32,000 |
| Correspondent bank
lines of credit |
|
|
- |
|
85,000 |
|
Total |
|
|
|
$ |
199,757 |
$ |
333,430 |
| |
|
- The Company paid a quarterly cash
dividend in the third quarter of $0.14 per share on September 1,
2023 to shareholders of record August 11, 2023.
Balance Sheet Results
Eagle’s total assets increased 7.2% to $2.06 billion at
September 30, 2023, compared to $1.92 billion a year ago, and
increased 2.0% from $2.02 billion three months earlier. The
investment securities portfolio totaled $308.8 million at September
30, 2023, compared to $351.9 million a year ago, and $326.0
million at June 30, 2023.
Eagle originated $114.1 million in new
residential mortgages during the quarter and sold $109.0 million in
residential mortgages, with an average gross margin on sale of
mortgage loans of approximately 3.29%. This production compares to
residential mortgage originations of $101.9 million in the
preceding quarter with sales of $84.8 million and an average gross
margin on sale of mortgage loans of approximately 3.25%.
Total loans increased $163.6 million, or 12.5%,
compared to a year ago, and $54.3 million, or 3.8%, from three
months earlier. Commercial real estate loans increased 20.8% to
$612.0 million at September 30, 2023, compared to $506.7 million a
year earlier. Agricultural and farmland loans increased 14.0% to
$274.1 million at September 30, 2023, compared to
$240.5 million a year earlier. Commercial construction and
development loans increased 4.3% to $151.6 million, compared to
$145.3 million a year ago. Residential mortgage loans
increased 6.6% to $146.9 million, compared to $137.8 million a
year earlier. Commercial loans decreased slightly to $130.0
million, compared to $131.0 million a year ago. Home equity loans
increased 23.5% to $83.2 million, residential construction loans
decreased 16.2% to $48.1 million, and consumer loans increased
7.7% to $29.8 million, compared to a year ago.
Total deposits decreased 3.5% to $1.62 billion
at September 30, 2023, compared to $1.67 billion at September 30,
2022, and increased by 2.4% from $1.58 billion at June 30, 2023.
Noninterest-bearing checking accounts represented 27.0%,
interest-bearing checking accounts represented 14.0%, savings
accounts represented 14.4%, money market accounts comprised 20.2%
and time certificates of deposit made up 24.4% of the total deposit
portfolio at September 30, 2023. The average cost of deposits
was 1.28% in the third quarter of 2023, compared to 1.05% in the
preceding quarter and 0.17% in the third quarter of 2022. The
estimated amount of uninsured deposits at September 30, 2023
was $283.3 million, or 17% of total deposits, compared to $289.1
million, or 18% of total deposits, at June 30, 2023.
“We are encouraged by the stabilization of our
deposit base. While competition in our markets remains fierce, and
deposit pricing pressures continue to impact the overall cost of
funds, we anticipate deposit rates to increase modestly and start
to stabilize over the next few quarters,” said Miranda Spaulding,
CFO.
Shareholders’ equity was $157.3 million at September 30, 2023,
compared to $151.3 million a year earlier and $162.7 million
three months earlier. Book value per share was $19.69 at September
30, 2023, compared to $18.94 a year earlier and $20.37 three months
earlier. Tangible book value per share, a non-GAAP financial
measure calculated by dividing shareholders’ equity, less goodwill
and core deposit intangible, by common shares outstanding, was
$14.55 at September 30, 2023, compared to $13.60 a year earlier and
$15.19 three months earlier.
Operating Results“As
anticipated, higher funding costs outpaced asset yields during the
quarter, resulting in a six basis-point reduction in NIM during the
third quarter, compared to the preceding quarter,” said Clark.
“However, NIM contraction has begun to slow down, and we anticipate
funding costs will continue to stabilize over the next few
quarters.”
Eagle’s NIM was 3.41% in the third quarter of
2023, compared to 3.47% in the preceding quarter, and 4.18% in the
third quarter a year ago. The interest accretion on acquired loans
totaled $175,000 and resulted in a four basis-point increase in the
NIM during the third quarter of 2023, compared to $309,000 and a
seven basis-point increase in the NIM during the preceding quarter.
Funding costs for the third quarter increased to 2.37% compared to
2.06% in the second quarter of 2023 and 0.47% in the third quarter
of 2022. Average yields on interest earning assets for the third
quarter increased to 5.27% from 5.06% in the second quarter of 2023
and 4.52% in the third quarter a year ago. For the first nine
months of 2023, the NIM was 3.57% compared to 4.00% for the first
nine months of 2022.
Third quarter revenues increased 0.7% to $21.6
million, compared to $21.5 million in the preceding quarter and
decreased 14.6% compared to $25.3 million in the third quarter a
year ago. In the first nine months of 2023, revenues were $64.2
million, compared to $68.8 million in the first nine months of
2022. The decrease compared to the first nine months a year ago was
largely due to lower volumes in mortgage banking activity.
Eagle’s net interest income, before the
provision for credit losses, increased 2.1% to $15.6 million in the
third quarter of 2023, compared to $15.3 million in the second
quarter of 2023, and decreased 12.9% compared to $17.9 million in
the third quarter of 2022. Year-to-date, net interest income
increased 3.5% to $47.3 million, compared to $45.7 million in
the same period one year earlier.
Total noninterest income decreased 2.7% to $6.0
million in the third quarter of 2023, compared to $6.2 million in
the preceding quarter, and decreased 18.6% compared to $7.4 million
in the third quarter a year ago. Net mortgage banking, the largest
component of noninterest income, totaled $4.3 million in the third
quarter of 2023, compared to $3.9 million in the preceding quarter
and $4.4 million in the third quarter a year ago. In the first nine
months of 2023, noninterest income decreased 26.6% to $16.9
million, compared to $23.1 million in the first nine months of
2022. Net mortgage banking revenue decreased 30.5% to $11.3 million
in the first nine months of 2023, compared to $16.2 million in
the first nine months of 2022. These decreases were largely driven
by a decline in net gain on sale of mortgage loans. This was
impacted by lower loan volumes and margin compression.
Third quarter noninterest expense decreased 4.9%
to $17.9 million, compared to $18.8 million in the preceding
quarter and decreased 13.5% compared to $20.7 million in the third
quarter a year ago. In the first nine months of 2023, noninterest
expense decreased 7.7% to $53.2 million, compared to $57.7 million
in the first nine months of 2022. The decrease year-over-year was
largely due to acquisition costs in the first nine months of
2022.
For the third quarter of 2023, the income tax
provision totaled $524,000, for an effective tax rate of 16.6%,
compared to $344,000 for an effective tax rate of 14.6% in the
preceding quarter, and $1.0 million, for an effective tax rate of
25.0% in the third quarter of 2022. The year-to-date effective tax
rate was 19.5% for 2023 compared to 25.0% for the same period in
2022. The anticipated effective tax rate for 2023 is lower due to
the increase in proportion of tax exempt income compared to the
pretax earnings.
Credit QualityBeginning January
1, 2023, the Company adopted Accounting Standards Update No.
2016-13, Financial Instruments – Credit Losses (Topic 326), which
replaced the former “incurred loss” model for recognizing credit
losses with an “expected loss” model referred to as the CECL model.
The adoption resulted in a $700,000 increase to the allowance for
credit losses, a $1.5 million increase to the allowance for
unfunded loan commitments, and a net-of-tax cumulative effect
adjustment of $1.6 million which decreased the beginning balance of
retained earnings.
The provision for credit losses was $588,000 in
the third quarter of 2023, compared to $319,000 in the preceding
quarter and $517,000 in the third quarter a year ago. The allowance
for credit losses represented 209.3% of nonperforming loans at
September 30, 2023, compared to 156.7% three months earlier and
306.4% a year earlier. Nonperforming loans were $7.8 million at
September 30, 2023, $9.9 million at June 30, 2023, and
$4.5 million a year earlier.
Eagle had no other real estate owned and other
repossessed assets on its books at September 30, 2023, June 30,
2023 or September 30, 2022.
Net loan charge-offs totaled $108,000 in the
third quarter of 2023, compared to net loan recoveries of $151,000
in the preceding quarter and net loan recoveries of $8,000 in the
third quarter a year ago. The allowance for credit losses was $16.2
million, or 1.10% of total loans, at September 30, 2023, compared
to $15.6 million, or 1.09% of total loans, at June 30, 2023, and
$13.9 million, or 1.06% of total loans, a year ago.
Capital ManagementThe ratio of
tangible common shareholders’ equity (shareholders’ equity, less
goodwill and core deposit intangible) to tangible assets (total
assets, less goodwill and core deposit intangible) decreased to
5.75% at September 30, 2023 from 5.77% a year ago and 6.12% three
months earlier. Shareholders’ equity has been impacted by an
accumulated other comprehensive loss related to securities
available-for-sale. These unrealized losses are primarily a result
of rapid increases in interest rates. As of September 30, 2023, the
Bank’s regulatory capital was in excess of all applicable
regulatory requirements and is deemed well capitalized. The Bank’s
Tier 1 capital to adjusted total average assets was 9.68% as of
September 30, 2023.
About the CompanyEagle Bancorp
Montana, Inc. is a bank holding company headquartered in Helena,
Montana, and is the holding company of Opportunity Bank of Montana,
a community bank established in 1922 that serves consumers and
small businesses in Montana through 31 banking offices. Additional
information is available on the Bank’s website at
www.opportunitybank.com. The shares of Eagle Bancorp Montana, Inc.
are traded on the NASDAQ Global Market under the symbol “EBMT.”
Forward Looking StatementsThis release may
contain certain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and may be identified by the use
of such words as "believe," “will” "expect," "anticipate,"
"should," "planned," "estimated," and "potential." These
forward-looking statements include, but are not limited to
statements of our goals, intentions and expectations; statements
regarding our business plans, prospects, mergers, growth and
operating strategies; statements regarding the asset quality of our
loan and investment portfolios; and estimates of our risks and
future costs and benefits. These forward-looking statements are
based on current beliefs and expectations of our management and are
inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond our control. In addition, these forward-looking statements
are subject to assumptions with respect to future business
strategies and decisions that are subject to change. These factors
include, but are not limited to, changes in laws or government
regulations or policies affecting financial institutions, including
changes in regulatory fees and capital requirements; general
economic conditions and political events, either nationally or in
our market areas, that are worse than expected; the emergence or
continuation of widespread health emergencies or pandemics
including the magnitude and duration of the COVID-19 pandemic,
including but not limited to vaccine efficacy and immunization
rates, new variants, steps taken by governmental and other
authorities to contain, mitigate and combat the pandemic, adverse
effects on our employees, customers and third-party service
providers, the increase in cyberattacks in the current
work-from-home environment, the ultimate extent of the impacts on
our business, financial position, results of operations, liquidity
and prospects, continued deterioration in general business and
economic conditions could adversely affect our revenues and the
values of our assets and liabilities, lead to a tightening of
credit and increase stock price volatility, and potential
impairment charges; the impact of adverse developments affecting
the U.S. banking industry, including bank failures and liquidity
concerns, which could cause continued or worsening economic and
market volatility, and regulatory responses thereto; the
possibility that future credit losses may be higher than currently
expected due to changes in economic assumptions, customer behavior,
adverse developments with respect to U.S. economic conditions and
other uncertainties, including the impact of supply chain
disruptions, inflationary pressures and labor shortages on economic
conditions and our business; an inability to access capital markets
or maintain deposits or borrowing costs; competition among
depository and other financial institutions; loan demand or
residential and commercial real estate values in Montana; the
concentration of our business in Montana; our ability to continue
to increase and manage our commercial real estate, commercial
business and agricultural loans; the costs and effects of legal,
compliance and regulatory actions, changes and developments,
including the initiation and resolution of legal proceedings
(including any securities, bank operations, consumer or employee
litigation); inflation and changes in the interest rate environment
that reduce our margins or reduce the fair value of financial
instruments; adverse changes in the securities markets that lead to
impairment in the value of our investment securities and goodwill;
other economic, governmental, competitive, regulatory and
technological factors that may affect our operations; our ability
to implement new technologies and maintain secure and reliable
technology systems; cyber incidents, or theft or loss of Company or
customer data or money; our ability to appropriately address
social, environmental, and sustainability concerns that may arise
from our business activities; the effect of our recent
acquisitions, including the failure to achieve expected revenue
growth and/or expense savings, the failure to effectively integrate
their operations, the outcome of any legal proceedings and the
diversion of management time on issues related to the
integration.
Because of these and other uncertainties, our
actual future results may be materially different from the results
indicated by these forward-looking statements. All information set
forth in this press release is current as of the date of this
release and the company undertakes no duty or obligation to update
this information.
Use of Non-GAAP Financial
MeasuresIn addition to results presented in accordance
with generally accepted accounting principles utilized in the
United States, or GAAP, the Financial Ratios and Other Data
contains non-GAAP financial measures. Non-GAAP financial measures
include: 1) core efficiency ratio, 2) tangible book value per
share, 3) tangible common equity to tangible assets, 4) earnings
per diluted share, excluding acquisition costs and related taxes
and 5) return on average assets, excluding acquisition costs and
related taxes. The Company uses these non-GAAP financial measures
to provide meaningful supplemental information regarding the
Company’s operational performance and performance trends, and to
enhance investors’ overall understanding of such financial
performance. In particular, the use of tangible book value per
share and tangible common equity to tangible assets is prevalent
among banking regulators, investors and analysts.
The numerator for the core efficiency ratio is
calculated by subtracting acquisition costs and intangible asset
amortization from noninterest expense. Tangible assets and tangible
common shareholders’ equity are calculated by excluding intangible
assets from assets and shareholders’ equity, respectively. For
these financial measures, our intangible assets consist of goodwill
and core deposit intangible. Tangible book value per share is
calculated by dividing tangible common shareholders’ equity by the
number of common shares outstanding. We believe that this measure
is consistent with the capital treatment by our bank regulatory
agencies, which exclude intangible assets from the calculation of
risk-based capital ratios and present this measure to facilitate
the comparison of the quality and composition of our capital over
time and in comparison, to our competitors.
Non-GAAP financial measures have inherent
limitations, are not required to be uniformly applied, and are not
audited. Because non-GAAP financial measures are not standardized,
it may not be possible to compare these financial measures with
other companies’ non-GAAP financial measures having the same or
similar names. Further, the non-GAAP financial measure of tangible
book value per share should not be considered in isolation or as a
substitute for book value per share or total shareholders’ equity
determined in accordance with GAAP, and may not be comparable to a
similarly titled measure reported by other companies.
Reconciliation of the GAAP and non-GAAP financial measures are
presented below.
| Balance
Sheet |
|
|
|
|
|
|
|
| (Dollars in
thousands, except per share data) |
|
|
|
(Unaudited) |
|
| |
|
|
|
|
|
|
September 30, |
June 30, |
September 30, |
|
|
|
|
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
| Assets: |
|
|
|
|
|
|
|
| |
Cash and due from
banks |
|
|
|
$ |
19,743 |
|
$ |
21,878 |
|
$ |
22,154 |
|
| |
Interest bearing
deposits in banks |
|
|
|
|
1,040 |
|
|
1,116 |
|
|
3,043 |
|
| |
|
Total cash and
cash equivalents |
|
|
20,783 |
|
|
22,994 |
|
|
25,197 |
|
| |
Securities
available-for-sale |
|
|
|
|
308,786 |
|
|
325,964 |
|
|
351,949 |
|
| |
Federal Home Loan
Bank ("FHLB") stock |
|
|
|
10,438 |
|
|
10,099 |
|
|
2,939 |
|
| |
Federal Reserve
Bank ("FRB") stock |
|
|
|
4,131 |
|
|
4,131 |
|
|
4,206 |
|
| |
Mortgage loans
held-for-sale, at fair value |
|
|
|
17,880 |
|
|
22,381 |
|
|
24,408 |
|
| |
Loans: |
|
|
|
|
|
|
|
| |
Real estate loans: |
|
|
|
|
|
|
|
| |
Residential 1-4 family |
|
|
|
|
146,938 |
|
|
133,437 |
|
|
137,798 |
|
| |
Residential 1-4 family construction |
|
|
|
48,135 |
|
|
49,516 |
|
|
57,467 |
|
| |
Commercial real estate |
|
|
|
|
611,963 |
|
|
577,736 |
|
|
506,716 |
|
| |
Commercial construction and development |
|
|
|
151,614 |
|
|
158,519 |
|
|
145,300 |
|
| |
Farmland |
|
|
|
|
|
143,789 |
|
|
139,290 |
|
|
129,827 |
|
| |
Other loans: |
|
|
|
|
|
|
|
| |
Home equity |
|
|
|
|
|
83,221 |
|
|
80,333 |
|
|
67,409 |
|
| |
Consumer |
|
|
|
|
|
29,832 |
|
|
30,065 |
|
|
27,703 |
|
| |
Commercial |
|
|
|
|
|
129,952 |
|
|
129,084 |
|
|
130,975 |
|
| |
Agricultural |
|
|
|
|
|
130,329 |
|
|
123,503 |
|
|
110,633 |
|
| |
Unearned loan fees (1) |
|
|
|
|
- |
|
|
- |
|
|
(1,674 |
) |
| |
|
Total loans |
|
|
|
|
1,475,773 |
|
|
1,421,483 |
|
|
1,312,154 |
|
| |
Allowance for
credit losses (2) |
|
|
|
|
(16,230 |
) |
|
(15,560 |
) |
|
(13,850 |
) |
| |
|
Net loans |
|
|
|
|
1,459,543 |
|
|
1,405,923 |
|
|
1,298,304 |
|
| |
Accrued interest
and dividends receivable |
|
|
|
13,657 |
|
|
11,194 |
|
|
10,778 |
|
| |
Mortgage servicing
rights, net |
|
|
|
|
15,738 |
|
|
15,501 |
|
|
15,141 |
|
| |
Assets
held-for-sale, at fair value |
|
|
|
|
- |
|
|
323 |
|
|
2,041 |
|
| |
Premises and
equipment, net |
|
|
|
|
92,979 |
|
|
88,760 |
|
|
79,374 |
|
| |
Cash surrender
value of life insurance, net |
|
|
|
47,647 |
|
|
47,520 |
|
|
45,845 |
|
| |
Goodwill |
|
|
|
|
|
34,740 |
|
|
34,740 |
|
|
34,740 |
|
| |
Core deposit
intangible, net |
|
|
|
|
6,264 |
|
|
6,648 |
|
|
7,895 |
|
| |
Other assets |
|
|
|
|
|
30,478 |
|
|
27,101 |
|
|
21,103 |
|
| |
|
Total assets |
|
|
|
$ |
2,063,064 |
|
$ |
2,023,279 |
|
$ |
1,923,920 |
|
| |
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
| |
Deposit
accounts: |
|
|
|
|
|
|
|
| |
Noninterest bearing |
|
|
|
|
435,655 |
|
|
432,463 |
|
|
507,034 |
|
| |
Interest bearing |
|
|
|
|
|
1,179,823 |
|
|
1,145,904 |
|
|
1,167,216 |
|
| |
|
Total
deposits |
|
|
|
1,615,478 |
|
|
1,578,367 |
|
|
1,674,250 |
|
| |
Accrued expenses
and other liabilities |
|
|
|
31,597 |
|
|
32,002 |
|
|
23,748 |
|
| |
FHLB advances and
other borrowings |
|
|
|
199,757 |
|
|
191,260 |
|
|
15,600 |
|
| |
Other long-term
debt, net |
|
|
|
|
58,962 |
|
|
58,925 |
|
|
59,048 |
|
| |
|
Total
liabilities |
|
|
|
1,905,794 |
|
|
1,860,554 |
|
|
1,772,646 |
|
| |
|
|
|
|
|
|
|
|
|
| Shareholders'
Equity: |
|
|
|
|
|
|
|
| |
Preferred stock
(par value $0.01 per share; 1,000,000 shares |
|
|
|
| |
authorized; no shares issued or outstanding) |
|
|
|
- |
|
|
- |
|
|
- |
|
| |
Common stock (par
value $0.01; 20,000,000 shares authorized; |
|
|
|
| |
8,507,429 shares issued; 7,988,132, 7,988,132 and 7,986,890 |
|
|
|
| |
shares outstanding at September, 30, 2023, June 30, 2023, and |
|
|
|
| |
September 30, 2022, respectively |
|
|
|
85 |
|
|
85 |
|
|
85 |
|
| |
Additional paid-in
capital |
|
|
|
|
109,422 |
|
|
109,345 |
|
|
109,488 |
|
| |
Unallocated common
stock held by Employee Stock Ownership Plan |
|
(4,727 |
) |
|
(4,870 |
) |
|
(5,300 |
) |
| |
Treasury stock, at
cost (519,297, 519,297 and 520,539 shares at |
|
|
|
| |
September 30, 2023, June 30, 2023 and September 30, 2022,
respectively) |
|
(11,574 |
) |
|
(11,574 |
) |
|
(11,627 |
) |
| |
Retained
earnings |
|
|
|
|
|
94,979 |
|
|
93,462 |
|
|
89,502 |
|
| |
Accumulated other
comprehensive loss, net of tax |
|
|
(30,915 |
) |
|
(23,723 |
) |
|
(30,874 |
) |
| |
|
Total
shareholders' equity |
|
|
157,270 |
|
|
162,725 |
|
|
151,274 |
|
| |
|
Total liabilities
and shareholders' equity |
|
$ |
2,063,064 |
|
$ |
2,023,279 |
|
$ |
1,923,920 |
|
| |
|
|
|
|
|
|
|
|
|
| (1) Unearned loan
fees are included in individual loan categories for September 30,
2023 and June 30, 2023. |
| (2) Allowance for
credit losses on loans at September 30, 2023 and June 30, 2023;
allowance for loan losses for prior periods. |
| |
| Income
Statement |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
| (Dollars in
thousands, except per share data) |
|
|
Three Months Ended |
|
Nine Months Ended |
| |
|
|
|
|
|
|
September 30, |
June 30, |
September 30, |
|
September 30, |
| |
|
|
|
|
|
|
2023 |
2023 |
2022 |
|
|
2023 |
|
|
2022 |
|
| Interest and
dividend income: |
|
|
|
|
|
|
|
|
| |
Interest and fees
on loans |
|
|
$ |
21,068 |
$ |
19,137 |
$ |
16,665 |
|
$ |
57,942 |
|
$ |
42,933 |
|
| |
Securities
available-for-sale |
|
|
|
2,794 |
|
2,949 |
|
2,555 |
|
|
8,586 |
|
|
5,863 |
|
| |
FRB and FHLB
dividends |
|
|
|
212 |
|
161 |
|
63 |
|
|
480 |
|
|
160 |
|
| |
Other interest
income |
|
|
|
20 |
|
25 |
|
59 |
|
|
66 |
|
|
206 |
|
|
|
|
Total interest and dividend income |
|
|
|
24,094 |
|
22,272 |
|
19,342 |
|
|
67,074 |
|
|
49,162 |
|
| Interest
expense: |
|
|
|
|
|
|
|
|
|
| |
Interest expense
on deposits |
|
|
|
5,152 |
|
4,155 |
|
717 |
|
|
11,767 |
|
|
1,451 |
|
| |
FHLB advances and
other borrowings |
|
|
|
2,672 |
|
2,179 |
|
136 |
|
|
5,993 |
|
|
157 |
|
| |
Other long-term
debt |
|
|
|
683 |
|
674 |
|
602 |
|
|
2,035 |
|
|
1,855 |
|
| |
|
Total interest
expense |
|
|
|
8,507 |
|
7,008 |
|
1,455 |
|
|
19,795 |
|
|
3,463 |
|
| Net interest
income |
|
|
|
|
15,587 |
|
15,264 |
|
17,887 |
|
|
47,279 |
|
|
45,699 |
|
| Provision for
credit losses (1) |
|
|
588 |
|
319 |
|
517 |
|
|
1,186 |
|
|
1,654 |
|
| |
Net interest
income after provision for credit losses |
|
|
14,999 |
|
14,945 |
|
17,370 |
|
|
46,093 |
|
|
44,045 |
|
| |
|
|
|
|
|
|
| Noninterest
income: |
|
|
|
|
|
|
|
| |
Service charges on
deposit accounts |
|
|
447 |
|
527 |
|
498 |
|
|
1,313 |
|
|
1,223 |
|
| |
Mortgage banking,
net |
|
|
|
4,338 |
|
3,864 |
|
4,447 |
|
|
11,252 |
|
|
16,183 |
|
| |
Interchange and
ATM fees |
|
|
|
643 |
|
641 |
|
594 |
|
|
1,861 |
|
|
1,668 |
|
| |
Appreciation in
cash surrender value of life insurance |
|
|
382 |
|
503 |
|
291 |
|
|
1,165 |
|
|
748 |
|
| |
Net gain (loss) on
sale of available-for-sale securities |
|
|
- |
|
2 |
|
- |
|
|
(222 |
) |
|
(6 |
) |
| |
Net gain on
sale/disposal of premises and equipment |
|
|
- |
|
70 |
|
- |
|
|
83 |
|
|
- |
|
| |
Other noninterest
income |
|
|
|
225 |
|
597 |
|
1,587 |
|
|
1,458 |
|
|
1,104 |
|
| |
|
Total noninterest
income |
|
|
|
6,035 |
|
6,204 |
|
7,417 |
|
|
16,910 |
|
|
20,920 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Noninterest
expense: |
|
|
|
|
|
|
|
|
| |
Salaries and
employee benefits |
|
|
10,837 |
|
11,084 |
|
11,699 |
|
|
31,614 |
|
|
33,511 |
|
| |
Occupancy and
equipment expense |
|
|
1,956 |
|
2,071 |
|
1,946 |
|
|
6,100 |
|
|
5,441 |
|
| |
Data
processing |
|
|
1,486 |
|
1,572 |
|
1,964 |
|
|
4,270 |
|
|
4,628 |
|
| |
Advertising |
|
|
340 |
|
309 |
|
464 |
|
|
930 |
|
|
1,052 |
|
| |
Amortization |
|
|
386 |
|
397 |
|
333 |
|
|
1,201 |
|
|
895 |
|
| |
Loan costs |
|
|
|
|
517 |
|
464 |
|
491 |
|
|
1,426 |
|
|
1,624 |
|
| |
FDIC insurance
premiums |
|
|
|
301 |
|
393 |
|
93 |
|
|
862 |
|
|
330 |
|
| |
Professional and
examination fees |
|
|
|
408 |
|
592 |
|
420 |
|
|
1,484 |
|
|
1,098 |
|
| |
Acquisition
costs |
|
|
|
- |
|
- |
|
103 |
|
|
- |
|
|
2,296 |
|
| |
Other noninterest
expense |
|
|
|
1,644 |
|
1,908 |
|
3,151 |
|
|
5,311 |
|
|
4,651 |
|
| |
|
Total noninterest
expense |
|
|
|
17,875 |
|
18,790 |
|
20,664 |
|
|
53,198 |
|
|
55,526 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Income before
provision for income taxes |
|
|
|
3,159 |
|
2,359 |
|
4,123 |
|
|
9,805 |
|
|
9,439 |
|
| Provision for
income taxes |
|
|
|
524 |
|
344 |
|
1,031 |
|
|
1,913 |
|
|
2,360 |
|
| Net income |
|
|
|
|
$ |
2,635 |
$ |
2,015 |
$ |
3,092 |
|
$ |
7,892 |
|
$ |
7,079 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per
share |
|
|
$ |
0.34 |
$ |
0.26 |
$ |
0.40 |
|
$ |
1.01 |
|
$ |
0.98 |
|
| Diluted earnings
per share |
|
|
$ |
0.34 |
$ |
0.26 |
$ |
0.40 |
|
$ |
1.01 |
|
$ |
0.98 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted
average shares outstanding |
|
|
|
7,784,279 |
|
7,789,559 |
|
7,793,485 |
|
|
7,787,987 |
|
|
7,241,520 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted weighted
average shares outstanding |
|
|
|
7,791,966 |
|
7,793,410 |
|
7,808,050 |
|
|
7,792,593 |
|
|
7,254,242 |
|
| |
|
|
|
|
|
|
|
|
| (1) Provision for
credit losses on loans for the quarter ended September 30, 2023 and
June 30, 2023; provision for loan losses for prior periods. |
| |
|
|
|
|
|
|
|
|
| ADDITIONAL
FINANCIAL INFORMATION |
|
(Unaudited) |
|
| (Dollars in
thousands, except per share data) |
Three or Nine Months Ended |
| |
|
|
|
|
September 30, |
June 30, |
September 30, |
|
|
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
| Mortgage
Banking Activity (For the quarter): |
|
|
|
|
| |
Net gain on sale
of mortgage loans |
|
|
$ |
3,591 |
|
$ |
2,757 |
|
$ |
4,192 |
|
| |
Net change in fair
value of loans held-for-sale and derivatives |
|
|
|
(71 |
) |
|
324 |
|
|
(378 |
) |
| |
Mortgage servicing
income, net |
|
|
|
818 |
|
|
783 |
|
|
633 |
|
| |
|
Mortgage banking, net |
|
|
$ |
4,338 |
|
$ |
3,864 |
|
$ |
4,447 |
|
| |
|
|
|
|
|
|
|
| Mortgage
Banking Activity (Year-to-date): |
|
|
|
| |
Net gain on sale
of mortgage loans |
|
|
$ |
8,551 |
|
|
$ |
15,645 |
|
| |
Net change in fair
value of loans held-for-sale and derivatives |
|
|
|
234 |
|
|
|
(1,333 |
) |
| |
Mortgage servicing
income, net |
|
|
|
2,467 |
|
|
|
1,871 |
|
| |
|
Mortgage banking, net |
|
|
$ |
11,252 |
|
|
$ |
16,183 |
|
| |
|
|
|
|
|
|
|
|
Performance Ratios (For the quarter): |
|
|
|
| |
Return on average
assets |
|
|
|
0.51 |
% |
|
0.40 |
% |
|
0.65 |
% |
| |
Return on average
equity |
|
|
|
6.63 |
% |
|
4.99 |
% |
|
7.51 |
% |
| |
Yield on average
interest earning assets |
|
|
|
5.27 |
% |
|
5.06 |
% |
|
4.52 |
% |
| |
Cost of funds |
|
|
|
2.37 |
% |
|
2.06 |
% |
|
0.47 |
% |
| |
Net interest
margin |
|
|
|
3.41 |
% |
|
3.47 |
% |
|
4.18 |
% |
| |
Core efficiency
ratio* |
|
|
|
80.89 |
% |
|
85.68 |
% |
|
79.94 |
% |
| |
|
|
|
|
|
|
|
|
Performance Ratios (Year-to-date): |
|
|
|
| |
Return on average
assets |
|
|
|
0.53 |
% |
|
|
0.55 |
% |
| |
Return on average
equity |
|
|
|
6.54 |
% |
|
|
6.05 |
% |
| |
Yield on average
interest earning assets |
|
|
|
5.07 |
% |
|
|
4.30 |
% |
| |
Cost of funds |
|
|
|
1.94 |
% |
|
|
0.42 |
% |
| |
Net interest
margin |
|
|
|
3.57 |
% |
|
|
4.00 |
% |
| |
Core efficiency
ratio* |
|
|
|
81.01 |
% |
|
|
79.22 |
% |
| |
|
|
|
|
|
|
|
| * The core
efficiency ratio is a non-GAAP ratio that is calculated by dividing
non-interest expense, exclusive of acquisition |
| costs and
intangible asset amortization, by the sum of net interest income
and non-interest income. |
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| ADDITIONAL
FINANCIAL INFORMATION |
|
|
|
| (Dollars in
thousands, except per share data) |
|
|
|
| |
|
|
|
|
|
|
|
|
Asset Quality Ratios and
Data: |
|
|
As of or for the Three Months Ended |
| |
|
|
|
|
September 30, |
June 30, |
September 30, |
| |
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
| |
Nonaccrual
loans |
|
|
$ |
7,753 |
|
$ |
9,561 |
|
$ |
2,534 |
|
| |
Loans 90 days past
due and still accruing |
|
|
|
- |
|
|
369 |
|
|
874 |
|
| |
Restructured
loans, net |
|
|
|
- |
|
|
- |
|
|
1,112 |
|
| |
|
Total nonperforming loans |
|
|
|
7,753 |
|
|
9,930 |
|
|
4,520 |
|
| |
Other real estate
owned and other repossessed assets |
|
|
|
- |
|
|
- |
|
|
- |
|
| |
|
Total nonperforming
assets |
|
|
$ |
7,753 |
|
$ |
9,930 |
|
$ |
4,520 |
|
| |
|
|
|
|
|
|
|
| |
Nonperforming
loans / portfolio loans |
|
|
|
0.53 |
% |
|
0.70 |
% |
|
0.34 |
% |
| |
Nonperforming
assets / assets |
|
|
|
0.38 |
% |
|
0.49 |
% |
|
0.23 |
% |
| |
Allowance for
credit losses / portfolio loans |
|
|
|
1.10 |
% |
|
1.09 |
% |
|
1.06 |
% |
| |
Allowance for
credit losses/ nonperforming loans |
|
|
|
209.34 |
% |
|
156.70 |
% |
|
306.42 |
% |
| |
Gross loan
charge-offs for the quarter |
|
|
$ |
122 |
|
$ |
55 |
|
$ |
6 |
|
| |
Gross loan
recoveries for the quarter |
|
|
$ |
14 |
|
$ |
206 |
|
$ |
14 |
|
| |
Net loan
charge-offs (recoveries) for the quarter |
|
|
$ |
108 |
|
$ |
(151 |
) |
$ |
(8 |
) |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
September 30, |
June 30, |
September 30, |
| |
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
|
Capital Data (At quarter
end): |
|
|
|
|
|
| |
Common
shareholders' equity (book value) per share |
|
|
$ |
19.69 |
|
$ |
20.37 |
|
$ |
18.94 |
|
| |
Tangible book
value per share** |
|
|
$ |
14.55 |
|
$ |
15.19 |
|
$ |
13.60 |
|
| |
Shares
outstanding |
|
|
|
7,988,132 |
|
|
7,988,132 |
|
|
7,986,890 |
|
| |
Tangible common
equity to tangible assets*** |
|
|
|
5.75 |
% |
|
6.12 |
% |
|
5.77 |
% |
| |
|
|
|
|
|
|
|
|
Other Information: |
|
|
|
|
|
| |
Average investment
securities for the quarter |
|
|
$ |
319,308 |
|
$ |
343,634 |
|
$ |
378,680 |
|
| |
Average investment
securities year-to-date |
|
|
$ |
335,898 |
|
$ |
344,330 |
|
$ |
332,950 |
|
| |
Average loans for
the quarter **** |
|
|
$ |
1,476,584 |
|
$ |
1,407,316 |
|
$ |
1,301,358 |
|
| |
Average loans
year-to-date **** |
|
|
$ |
1,417,291 |
|
$ |
1,387,153 |
|
$ |
1,144,459 |
|
| |
Average earning
assets for the quarter |
|
|
$ |
1,812,610 |
|
$ |
1,766,706 |
|
$ |
1,699,027 |
|
| |
Average earning
assets year-to-date |
|
|
$ |
1,768,361 |
|
$ |
1,745,870 |
|
$ |
1,527,692 |
|
| |
Average total
assets for the quarter |
|
|
$ |
2,052,443 |
|
$ |
1,998,957 |
|
$ |
1,913,710 |
|
| |
Average total
assets year-to-date |
|
|
$ |
1,999,864 |
|
$ |
1,973,167 |
|
$ |
1,713,892 |
|
| |
Average deposits
for the quarter |
|
|
$ |
1,602,770 |
|
$ |
1,580,343 |
|
$ |
1,656,228 |
|
| |
Average deposits
year-to-date |
|
|
$ |
1,596,201 |
|
$ |
1,592,879 |
|
$ |
1,467,111 |
|
| |
Average equity for
the quarter |
|
|
$ |
158,933 |
|
$ |
161,534 |
|
$ |
164,592 |
|
| |
Average equity
year-to-date |
|
|
$ |
160,917 |
|
$ |
161,910 |
|
$ |
156,071 |
|
| |
|
|
|
|
|
|
|
| ** The tangible
book value per share is a non-GAAP ratio that is calculated by
dividing shareholders' equity, |
|
| less goodwill and
core deposit intangible, by common shares outstanding. |
|
|
|
|
|
| *** The tangible
common equity to tangible assets is a non-GAAP ratio that is
calculated by dividing shareholders' |
| equity, less
goodwill and core deposit intangible, by total assets, less
goodwill and core deposit intangible. |
| **** Includes
loans held for sale |
|
|
|
| |
|
Reconciliation of Non-GAAP Financial
Measures |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Core
Efficiency Ratio |
|
(Unaudited) |
|
|
(Unaudited) |
| (Dollars in
thousands) |
|
|
Three Months Ended |
|
Nine Months Ended |
| |
|
|
|
|
September 30, |
June 30, |
September 30, |
|
September 30, |
|
|
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
|
|
2023 |
|
|
2022 |
|
| Calculation of
Core Efficiency Ratio: |
|
|
|
|
|
|
| |
Noninterest
expense |
$ |
17,875 |
|
$ |
18,790 |
|
$ |
20,664 |
|
|
$ |
53,198 |
|
$ |
55,526 |
|
| |
Acquisition
costs |
|
- |
|
|
- |
|
|
(103 |
) |
|
|
- |
|
|
(2,296 |
) |
| |
Intangible asset
amortization |
|
(386 |
) |
|
(397 |
) |
|
(333 |
) |
|
|
(1,201 |
) |
|
(895 |
) |
| |
|
Core efficiency
ratio numerator |
|
17,489 |
|
|
18,393 |
|
|
20,228 |
|
|
|
51,997 |
|
|
52,335 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Net interest
income |
|
15,587 |
|
|
15,264 |
|
|
17,887 |
|
|
|
47,279 |
|
|
45,699 |
|
| |
Noninterest
income |
|
6,035 |
|
|
6,204 |
|
|
7,417 |
|
|
|
16,910 |
|
|
20,920 |
|
| |
|
Core efficiency
ratio denominator |
|
21,622 |
|
|
21,468 |
|
|
25,304 |
|
|
|
64,189 |
|
|
66,619 |
|
| |
|
|
|
|
|
|
|
|
|
|
| |
Core efficiency
ratio (non-GAAP) |
|
80.89 |
% |
|
85.68 |
% |
|
79.94 |
% |
|
|
81.01 |
% |
|
78.56 |
% |
| |
| Tangible
Book Value and Tangible Assets |
|
(Unaudited) |
| (Dollars in
thousands, except per share data) |
|
September 30, |
June 30, |
September 30, |
|
|
|
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
| Tangible Book
Value: |
|
|
|
|
|
|
| |
Shareholders'
equity |
|
|
$ |
157,270 |
|
$ |
162,725 |
|
$ |
151,274 |
|
| |
Goodwill and core
deposit intangible, net |
|
|
(41,004 |
) |
|
(41,388 |
) |
|
(42,635 |
) |
| |
|
Tangible common
shareholders' equity (non-GAAP) |
$ |
116,266 |
|
$ |
121,337 |
|
$ |
108,639 |
|
| |
|
|
|
|
|
|
|
|
| |
Common shares
outstanding at end of period |
|
|
7,988,132 |
|
|
7,988,132 |
|
|
7,986,890 |
|
| |
|
|
|
|
|
|
|
|
| |
Common
shareholders' equity (book value) per share (GAAP) |
$ |
19.69 |
|
$ |
20.37 |
|
$ |
18.94 |
|
| |
|
|
|
|
|
|
|
|
| |
Tangible common
shareholders' equity (tangible book value) |
|
|
|
| |
|
per share
(non-GAAP) |
|
|
$ |
14.55 |
|
$ |
15.19 |
|
$ |
13.60 |
|
| |
|
|
|
|
|
|
|
|
| Tangible
Assets: |
|
|
|
|
|
|
| |
Total assets |
|
|
|
$ |
2,063,064 |
|
$ |
2,023,279 |
|
$ |
1,923,920 |
|
| |
Goodwill and core
deposit intangible, net |
|
|
(41,004 |
) |
|
(41,388 |
) |
|
(42,635 |
) |
| |
|
Tangible assets
(non-GAAP) |
|
$ |
2,022,060 |
|
$ |
1,981,891 |
|
$ |
1,881,285 |
|
| |
|
|
|
|
|
|
|
|
| |
Tangible common
shareholders' equity to tangible assets |
|
|
|
| |
|
(non-GAAP) |
|
|
|
|
5.75 |
% |
|
6.12 |
% |
|
5.77 |
% |
| |
| Earnings
Per Diluted Share, Excluding Acquisition Costs and Related
Taxes |
(Unaudited) |
|
(Unaudited) |
| (Dollars in
thousands, except per share data) |
Three Months Ended |
|
Nine Months Ended |
| |
|
|
|
|
September 30, |
June 30, |
September 30, |
|
September 30, |
| |
|
|
|
|
2023 |
2023 |
2022 |
|
2023 |
2022 |
| |
|
|
|
|
|
|
|
|
|
|
| Net interest
income after provision for credit losses |
$ |
14,999 |
$ |
14,945 |
$ |
17,370 |
|
|
$ |
46,093 |
$ |
44,045 |
|
| Noninterest
income |
|
|
|
6,035 |
|
6,204 |
|
7,417 |
|
|
|
16,910 |
|
20,920 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Noninterest
expense |
|
|
|
17,875 |
|
18,790 |
|
20,664 |
|
|
|
53,198 |
|
55,526 |
|
|
|
Acquisition costs |
|
|
|
- |
|
- |
|
(103 |
) |
|
|
- |
|
(2,296 |
) |
| Noninterest
expense, excluding acquisition costs (non-GAAP) |
|
17,875 |
|
18,790 |
|
20,561 |
|
|
|
53,198 |
|
53,230 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Income before
income taxes, excluding acquisition costs |
|
3,159 |
|
2,359 |
|
4,226 |
|
|
|
9,805 |
|
11,735 |
|
| Provision for
income taxes, excluding acquisition costs related taxes
(non-GAAP) |
|
|
524 |
|
344 |
|
1,057 |
|
|
|
1,913 |
|
2,934 |
|
| Net Income,
excluding acquisition costs and related taxes (non-GAAP) |
$ |
2,635 |
$ |
2,015 |
$ |
3,169 |
|
|
$ |
7,892 |
$ |
8,801 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Diluted earnings
per share (GAAP) |
|
$ |
0.34 |
$ |
0.26 |
$ |
0.40 |
|
|
$ |
1.01 |
$ |
0.98 |
|
| Diluted earnings
per share, excluding acquisition costs and related taxes
(non-GAAP) |
|
|
$ |
0.34 |
$ |
0.26 |
$ |
0.41 |
|
|
$ |
1.01 |
$ |
1.21 |
|
| |
| Return on
Average Assets, Excluding Acquisition Costs and Related
Taxes |
(Unaudited) |
| (Dollars in
thousands) |
|
|
September 30, |
June 30, |
September 30, |
|
|
|
|
|
|
|
2023 |
|
|
2023 |
|
|
2022 |
|
| For the
quarter: |
|
|
|
|
|
| |
Net income,
excluding acquisition costs and related taxes (non-GAAP)* |
$ |
2,635 |
|
$ |
2,015 |
|
$ |
3,169 |
|
| |
Average total
assets quarter-to-date |
|
|
$ |
2,052,443 |
|
$ |
1,998,957 |
|
$ |
1,913,710 |
|
| |
Return on average
assets, excluding acquisition costs and related taxes
(non-GAAP) |
|
0.51 |
% |
|
0.40 |
% |
|
0.66 |
% |
| |
|
|
|
|
|
|
|
|
Year-to-date: |
|
|
|
|
|
| |
Net income,
excluding acquisition costs and related taxes (non-GAAP)* |
$ |
7,892 |
|
$ |
5,257 |
|
$ |
8,801 |
|
| |
Average total
assets year-to-date |
|
|
$ |
1,999,864 |
|
$ |
1,973,167 |
|
$ |
1,713,892 |
|
| |
Return on average
assets, excluding acquisition costs and related taxes
(non-GAAP) |
|
0.53 |
% |
|
0.53 |
% |
|
0.68 |
% |
| |
|
|
|
|
|
|
|
| * See Earnings
Per Diluted Share, Excluding Acquisition Costs and Related Taxes
table for GAAP to non-GAAP reconciliation. |
|
| Contacts: |
Laura F.
Clark, President and CEO |
| |
(406) 457-4007 |
| |
Miranda J. Spaulding, SVP and CFO |
| |
(406) 441-5010 |
Grafico Azioni Eagle Bancorp Montana (NASDAQ:EBMT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Eagle Bancorp Montana (NASDAQ:EBMT)
Storico
Da Gen 2024 a Gen 2025
