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(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)