---------- ----------- ____________________ (1) Ratios for interim periods are presented on an annualized basis. (2) Return on average risk-weighted assets is calculated as net income divided by average risk-weighted assets. Average risk-weighted assets is calculated using the last two quarter ends with respect to the three-month periods presented and using the last four quarter ends with respect to the nine-month periods presented. (3) Yield on average interest-earning assets is calculated as total interest and dividend income divided by average interest-earning assets. (4) Cost of funds is calculated as total interest expense divided by the sum of average total interest-bearing liabilities and average demand deposits. (5) Net interest margin is net interest income expressed as a percentage of average interest-earning assets. (6) Included in "interest-bearing deposits in other banks" on the consolidated balance sheet (7) Total debt securities is calculated as the sum of securities available for sale (AFS) and securities held to maturity $(HTM)$. AFS securities are reported at fair value, and held to maturity securities are reported at carrying value, net of allowance for credit losses. (8) Includes loans held for sale. (9) IntraFi Cash Service$(R)$ (ICS(R) ) One-Way Sell(R) are deposits placed at other banks through the ICS(R) network. One-Way Sell(R) deposits are not included in the total deposits on the Company's balance sheet. The Bank has the flexibility, subject to the terms and conditions of the IntraFi Participating Institution Agreement, to convert these One-Way Sell(R) deposits into reciprocal deposits which would then appear on the Company's balance sheet. (10) Liquidity ratio is calculated as the sum of cash and cash equivalents and unpledged investment grade securities, expressed as a percentage of total liabilities. (11) Company-level capital information is calculated in accordance with banking regulatory accounting principles specified by regulatory agencies for supervisory reporting purposes. (12) The ratio of tangible common equity to tangible total assets is calculated in accordance with GAAP and represents common equity divided by total assets. The Company did not have any intangible assets or goodwill for the periods presented. (13) On October 3, 2024, the Company filed an Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which reclassified and converted each outstanding share of the Company's existing common stock, par value $1.00 per share, into 170 shares of Class B Common Stock, par value $0.01 per share (the "Reclassification"). Share information is presented on an as adjusted basis giving effect to the Reclassification. The number of basic and diluted shares are the same because there are no potentially dilutive instruments. (14) Derived from audited financial statements. (15) On October 3, 2024, the Company filed an Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which reclassified and converted each outstanding share of the Company's existing common stock, par value $1.00 per share, into 170 shares of Class B Common Stock, par value $0.01 per share (the "Reclassification"). The Reclassification also authorized 20,000,000 shares of Class A Common Stock, and 10,000,000 shares of Preferred Stock. Share information is presented on an as adjusted basis giving effect to the Reclassification. Accordingly, all shares and balances relating to Old Common Stock are reflected in Class B Common Stock. (16) Share information for all periods presented gives effect to the Reclassification. All earnings are attributed to Class B shares because no Class A shares were outstanding during the periods presented. The number of basic and diluted shares are the same because there are no potentially dilutive instruments. (17) Average balances for securities transferred from AFS to HTM at fair value are shown at carrying value. Average balances for AFS and all other HTM bonds are shown at amortized cost.
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SOURCE Chain Bridge Bancorp, Inc.
(END) Dow Jones Newswires
October 29, 2024 16:20 ET (20:20 GMT)
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