Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic Bank Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	280.13	151.14	187.44	128.7	290.39	299.49
Investment Securities	676.14	834.27	538.08	373.69	315.58	229.75
Trading Asset Securities	-	-	-	0.04	1.57	1.51
Total Investments	676.14	834.27	538.08	373.73	317.15	231.26
Gross Loans	1,876	1,865	1,557	1,555	1,248	869.02
Allowance for Loan Losses	-102.69	-94.05	-61.73	-56.93	-44.77	-35.5
Other Adjustments to Gross Loans	-235.24	-221.29	-182.62	-181.71	-146.49	-85.62
Net Loans	1,538	1,549	1,313	1,316	1,057	747.9
Property, Plant & Equipment	817.2	793	726.34	643.97	564.47	453.55
Other Intangible Assets	1.86	1.67	1.7	2	1.92	2.02
Accrued Interest Receivable	8.22	9.46	5.67	3.04	1.58	1.67
Other Receivables	19.23	11.57	9.83	8.3	8.62	8.34
Restricted Cash	-	110.48	95.06	88.18	76.7	61.91
Other Current Assets	33.31	2.23	2.15	1.8	1.38	1.45
Long-Term Deferred Tax Assets	18.11	18.51	12.23	8.27	6.73	5.31
Other Real Estate Owned & Foreclosed	40.92	49.83	36.41	8.28	7.94	6.5
Other Long-Term Assets	235.91	2.89	1.28	1.59	2.39	0.83
Total Assets	3,669	3,535	2,929	2,584	2,336	1,820
Accrued Expenses	3.49	2.91	1.62	0.85	0.41	0.85
Non-Interest Bearing Deposits	404.09	344.38	342.86	317.87	306.6	253.47
Total Deposits	404.09	344.38	342.86	317.87	306.6	253.47
Current Portion of Leases	-	0.11	0.09	0.08	0.09	0.15
Current Income Taxes Payable	17.78	20.68	11.92	8.75	8.33	8.3
Other Current Liabilities	235.71	230.62	176.66	100.49	107.37	67.38
Long-Term Leases	10.15	9.74	10.21	9.96	9.26	8.75
Other Long-Term Liabilities	2,783	2,717	2,196	1,974	1,741	1,327
Total Liabilities	3,454	3,325	2,740	2,412	2,173	1,666
Common Stock	120	120	100	100	100	100
Retained Earnings	94.01	89.41	89.33	71.79	62.68	54.62
Comprehensive Income & Other	0.41	0.09	-0.03	0.01	-	-
Shareholders' Equity	214.42	209.5	189.31	171.8	162.68	154.62
Total Liabilities & Equity	3,669	3,535	2,929	2,584	2,336	1,820
Total Debt	10.15	9.85	10.3	10.04	9.34	8.9
Net Cash (Debt)	269.97	141.29	177.15	118.69	282.61	292.1
Net Cash Growth	118.27%	-20.24%	49.25%	-58.00%	-3.25%	50.78%
Net Cash Per Share	1.80	0.94	1.18	0.79	1.88	1.95
Filing Date Shares Outstanding	150	150	150	150	150	150
Total Common Shares Outstanding	150	150	150	150	150	150
Book Value Per Share	1.43	1.40	1.26	1.15	1.08	1.03
Tangible Book Value	212.56	207.83	187.61	169.8	160.76	152.59
Tangible Book Value Per Share	1.42	1.39	1.25	1.13	1.07	1.02

Source: S&P Global Market Intelligence. Banks template. Financial Sources.