Safwa Islamic Bank (ASE: SIBK)

Safwa Islamic Bank Balance Sheet

Financials in millions JOD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	251.51	187.44	128.7	290.39	299.49	199.55
Investment Securities	779.94	538.08	373.69	315.58	229.75	196.19
Trading Asset Securities	-	-	0.04	1.57	1.51	3.54
Total Investments	779.94	538.08	373.73	317.15	231.26	199.73
Gross Loans	1,414	1,557	1,555	1,248	869.02	742.29
Allowance for Loan Losses	-1.57	-61.73	-56.93	-44.77	-35.5	-26.29
Other Adjustments to Gross Loans	-	-182.62	-181.71	-146.49	-85.62	-76.77
Net Loans	1,413	1,313	1,316	1,057	747.9	639.22
Property, Plant & Equipment	772.43	726.34	643.97	564.47	453.55	415.77
Other Intangible Assets	1.62	1.7	2	1.92	2.02	2.04
Accrued Interest Receivable	7.53	5.67	3.04	1.58	1.67	1.46
Other Receivables	0.19	9.83	8.3	8.62	8.34	3.33
Restricted Cash	104.36	95.06	88.18	76.7	61.91	85.84
Other Current Assets	2.81	2.15	1.8	1.38	1.45	0.94
Long-Term Deferred Tax Assets	14.27	12.23	8.27	6.73	5.31	1.66
Other Real Estate Owned & Foreclosed	49.65	36.41	8.28	7.94	6.5	6
Other Long-Term Assets	1.7	1.28	1.59	2.39	0.83	1.37
Total Assets	3,399	2,929	2,584	2,336	1,820	1,557
Accrued Expenses	3.43	1.62	0.85	0.41	0.85	0.34
Non-Interest Bearing Deposits	359.56	342.86	317.87	306.6	253.47	182.88
Total Deposits	359.56	342.86	317.87	306.6	253.47	182.88
Current Portion of Leases	-	0.09	0.08	0.09	0.15	0.12
Current Income Taxes Payable	12.21	11.92	8.75	8.33	8.3	7.72
Other Current Liabilities	232.16	176.82	100.49	107.37	67.38	66.22
Long-Term Leases	9.92	10.21	9.96	9.26	8.75	9.25
Other Long-Term Liabilities	2,578	2,196	1,974	1,741	1,327	1,146
Total Liabilities	3,195	2,740	2,412	2,173	1,666	1,412
Common Stock	120	100	100	100	100	100
Retained Earnings	82.62	89.33	71.79	62.68	54.62	44.45
Comprehensive Income & Other	0.64	-0.03	0.01	-	-	-
Shareholders' Equity	203.26	189.31	171.8	162.68	154.62	144.45
Total Liabilities & Equity	3,399	2,929	2,584	2,336	1,820	1,557
Total Debt	9.92	10.3	10.04	9.34	8.9	9.37
Net Cash (Debt)	241.59	177.15	118.69	282.61	292.1	193.72
Net Cash Growth	65.65%	49.25%	-58.00%	-3.25%	50.78%	174.97%
Net Cash Per Share	2.01	1.48	0.99	2.36	2.43	1.61
Filing Date Shares Outstanding	120	120	120	120	120	120
Total Common Shares Outstanding	120	120	120	120	120	120
Book Value Per Share	1.69	1.58	1.43	1.36	1.29	1.20
Tangible Book Value	201.64	187.61	169.8	160.76	152.59	142.41
Tangible Book Value Per Share	1.68	1.56	1.42	1.34	1.27	1.19

Source: S&P Capital IQ. Banks template. Financial Sources.