Cashmere Valley Bank (CSHX)

Cashmere Valley Bank Income Statement

Financials in millions USD. 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
Interest Income on Loans	52.41	52.6	47.39	39.95	39.15	38.12
Interest Income on Investments	42.6	41.33	34.76	26.29	18.74	15.49
Total Interest Income	95.01	93.93	82.15	66.24	57.89	53.61
Interest Paid on Deposits	29.19	28.52	16.26	4.32	5.09	6.85
Interest Paid on Borrowings	2.02	2.23	0.26	0.06	0.05	0.04
Total Interest Expense	31.2	30.75	16.52	4.38	5.14	6.89
Net Interest Income	63.8	63.18	65.64	61.86	52.75	46.73
Net Interest Income Growth (YoY)	-0.21%	-3.74%	6.10%	17.28%	12.89%	-1.56%
Mortgage Banking Activities	1.63	1.57	1.51	2.32	5.53	7.62
Gain (Loss) on Sale of Investments	0.13	-	-4.82	-8.18	0	2.52
Other Non-Interest Income	17.72	16.95	15.49	15.4	12.73	9.63
Total Non-Interest Income	21.55	20.56	14.31	11.67	19.9	21.02
Non-Interest Income Growth (YoY)	47.91%	43.66%	22.66%	-41.38%	-5.31%	42.18%
Revenues Before Loan Losses	85.35	83.74	79.95	73.53	72.65	67.74
Provision for Loan Losses	2.79	1.97	2.94	0.8	0.08	3.17
Revenue	82.57	81.77	77.01	72.73	72.57	64.57
Revenue Growth (YoY)	8.32%	6.18%	5.88%	0.22%	12.39%	4.92%
Salaries and Employee Benefits	28.07	27.38	22.11	24.34	21.98	19.82
Occupancy Expenses	3.46	3.47	4.01	3.32	3.12	3
Federal Deposit Insurance	0.99	0.97	1.02	0.69	0.63	0.47
Selling, General & Administrative	8.31	8.08	8.39	7.12	6.21	5.77
Other Non-Interest Expense	7.6	7.32	6.6	6.8	6.07	5.29
Total Non-Interest Expense	48.92	47.7	42.76	42.91	38.59	35.03
EBT Excluding Unusual Items	33.65	34.06	34.25	29.82	33.98	29.54
Pretax Income	33.65	34.06	34.25	29.82	33.98	29.54
Income Tax Expense	6.24	5.83	6.21	3.82	4.95	4.02
Earnings From Continuing Operations	27.41	28.23	28.03	26	29.03	25.52
Minority Interest in Earnings	-0.12	-0.08	-0.05	-	-	-
Net Income	27.29	28.16	27.98	26	29.03	25.52
Net Income to Common	27.29	28.16	27.98	26	29.03	25.52
Net Income Growth	-0.90%	0.63%	7.62%	-10.45%	13.76%	9.08%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	0.17%	0.15%	-0.06%	-1.02%	-1.19%	-3.34%
EPS (Basic)	7.02	7.24	7.20	6.70	7.42	6.43
EPS (Diluted)	7.01	7.24	7.20	6.69	7.39	6.42
EPS Growth	-1.00%	0.56%	7.62%	-9.47%	15.11%	12.83%
Dividend Per Share	0.850	1.700	1.700	1.700	1.550	1.400
Dividend Growth	-50.00%	-	-	9.68%	10.71%	7.69%
Effective Tax Rate	18.54%	17.11%	18.14%	12.80%	14.56%	13.61%

Updated Jan 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.