Safwa Islamic Bank (ASE:SIBK)

Safwa Islamic Bank Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	151.14	187.44	128.7	290.39	299.49
Investment Securities	834.27	538.08	373.69	315.58	229.75
Trading Asset Securities	-	-	0.04	1.57	1.51
Total Investments	834.27	538.08	373.73	317.15	231.26
Gross Loans	1,865	1,557	1,555	1,248	869.02
Allowance for Loan Losses	-94.05	-61.73	-56.93	-44.77	-35.5
Other Adjustments to Gross Loans	-221.29	-182.62	-181.71	-146.49	-85.62
Net Loans	1,549	1,313	1,316	1,057	747.9
Property, Plant & Equipment	793	726.34	643.97	564.47	453.55
Other Intangible Assets	1.67	1.7	2	1.92	2.02
Accrued Interest Receivable	9.46	5.67	3.04	1.58	1.67
Other Receivables	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	2.23	2.15	1.8	1.38	1.45
Long-Term Deferred Tax Assets	18.51	12.23	8.27	6.73	5.31
Other Real Estate Owned & Foreclosed	49.83	36.41	8.28	7.94	6.5
Other Long-Term Assets	2.89	1.28	1.59	2.39	0.83
Total Assets	3,535	2,929	2,584	2,336	1,820
Accrued Expenses	2.91	1.62	0.85	0.41	0.85
Non-Interest Bearing Deposits	344.38	342.86	317.87	306.6	253.47
Total Deposits	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	20.68	11.92	8.75	8.33	8.3
Other Current Liabilities	230.62	176.66	100.49	107.37	67.38
Long-Term Leases	9.74	10.21	9.96	9.26	8.75
Other Long-Term Liabilities	2,717	2,196	1,974	1,741	1,327
Total Liabilities	3,325	2,740	2,412	2,173	1,666
Common Stock	120	100	100	100	100
Retained Earnings	89.41	89.33	71.79	62.68	54.62
Comprehensive Income & Other	0.09	-0.03	0.01	-	-
Shareholders' Equity	209.5	189.31	171.8	162.68	154.62
Total Liabilities & Equity	3,535	2,929	2,584	2,336	1,820
Total Debt	9.85	10.3	10.04	9.34	8.9
Net Cash (Debt)	141.29	177.15	118.69	282.61	292.1
Net Cash Growth	-20.24%	49.25%	-58.00%	-3.25%	50.78%
Net Cash Per Share	1.18	1.48	0.99	2.36	2.43
Filing Date Shares Outstanding	120	120	120	120	120
Total Common Shares Outstanding	120	120	120	120	120
Book Value Per Share	1.75	1.58	1.43	1.36	1.29
Tangible Book Value	207.83	187.61	169.8	160.76	152.59
Tangible Book Value Per Share	1.73	1.56	1.42	1.34	1.27

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