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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	188.8	187.44	128.7	290.39	299.49	199.55
Investment Securities	709.35	538.08	373.69	315.58	229.75	196.19
Trading Asset Securities	-	-	0.04	1.57	1.51	3.54
Total Investments	709.35	538.08	373.73	317.15	231.26	199.73
Gross Loans	1,572	1,557	1,555	1,248	869.02	742.29
Allowance for Loan Losses	-76.83	-61.73	-56.93	-44.77	-35.5	-26.29
Other Adjustments to Gross Loans	-186.29	-182.62	-181.71	-146.49	-85.62	-76.77
Net Loans	1,309	1,313	1,316	1,057	747.9	639.22
Property, Plant & Equipment	777.81	726.34	643.97	564.47	453.55	415.77
Other Intangible Assets	1.58	1.7	2	1.92	2.02	2.04
Accrued Interest Receivable	6.92	5.67	3.04	1.58	1.67	1.46
Other Receivables	9.91	9.83	8.3	8.62	8.34	3.33
Restricted Cash	100.55	95.06	88.18	76.7	61.91	85.84
Other Current Assets	4.65	2.15	1.8	1.38	1.45	0.94
Long-Term Deferred Tax Assets	12.64	12.23	8.27	6.73	5.31	1.66
Other Real Estate Owned & Foreclosed	35.66	36.41	8.28	7.94	6.5	6
Other Long-Term Assets	1.88	1.28	1.59	2.39	0.83	1.37
Total Assets	3,159	2,929	2,584	2,336	1,820	1,557
Accrued Expenses	3.3	1.62	0.85	0.41	0.85	0.34
Non-Interest Bearing Deposits	345.79	342.86	317.87	306.6	253.47	182.88
Total Deposits	345.79	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	9.6	11.92	8.75	8.33	8.3	7.72
Other Current Liabilities	240.14	176.82	100.49	107.37	67.38	66.22
Long-Term Leases	9.94	10.21	9.96	9.26	8.75	9.25
Other Long-Term Liabilities	2,353	2,196	1,974	1,741	1,327	1,146
Total Liabilities	2,961	2,740	2,412	2,173	1,666	1,412
Common Stock	120	100	100	100	100	100
Retained Earnings	77.49	89.33	71.79	62.68	54.62	44.45
Comprehensive Income & Other	0.04	-0.03	0.01	-	-	-
Shareholders' Equity	197.53	189.31	171.8	162.68	154.62	144.45
Total Liabilities & Equity	3,159	2,929	2,584	2,336	1,820	1,557
Total Debt	9.94	10.3	10.04	9.34	8.9	9.37
Net Cash (Debt)	178.87	177.15	118.69	282.61	292.1	193.72
Net Cash Growth	3.14%	49.25%	-58.00%	-3.25%	50.78%	174.97%
Net Cash Per Share	1.49	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	1.65	1.58	1.43	1.36	1.29	1.20
Tangible Book Value	195.95	187.61	169.8	160.76	152.59	142.41
Tangible Book Value Per Share	1.63	1.56	1.42	1.34	1.27	1.19

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