Highlands Bankshares Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9.98	7.83	22.78	22.27	22.45
Investment Securities	82.41	88.79	89.15	113.34	76.02
Mortgage-Backed Securities	16.29	17.84	20.76	22.29	8.61
Total Investments	98.7	106.63	109.91	135.63	84.63
Gross Loans	440.53	403.68	366.93	333.8	340.32
Allowance for Loan Losses	-5.17	-4.58	-3.13	-4.13	-4.13
Net Loans	435.36	399.1	363.8	329.67	336.18
Property, Plant & Equipment	13.65	11.94	11.41	11.69	12.33
Goodwill	1.53	1.53	1.53	1.53	1.53
Other Intangible Assets	0.01	0.02	0.03	0.05	0.03
Accrued Interest Receivable	2.27	2.13	1.76	1.45	1.46
Long-Term Deferred Tax Assets	-	-	-	1.56	1.99
Other Real Estate Owned & Foreclosed	0.16	0.16	0.03	0.14	2.07
Other Long-Term Assets	17.9	18.82	16.17	14.43	12.8
Total Assets	579.56	548.16	527.42	518.42	475.48
Accrued Expenses	4.31	4.22	5.1	7.43	9.41
Interest Bearing Deposits	350.19	327.91	304.84	294.2	267.58
Institutional Deposits	18.55	14.11	13.91	16.78	20.73
Non-Interest Bearing Deposits	131.33	130.99	136.56	135.42	114.64
Total Deposits	500.06	473.01	455.3	446.39	402.95
Current Portion of Long-Term Debt	3.5	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	10.42	15.41	12	5.18	6.78
Total Liabilities	518.28	492.65	472.4	459	419.14
Common Stock	7.18	7.18	7.18	7.18	7.18
Additional Paid-In Capital	1.66	1.66	1.66	1.66	1.66
Retained Earnings	61.9	59.3	58.84	56.82	54.12
Treasury Stock	-3.37	-3.37	-3.37	-3.37	-3.37
Comprehensive Income & Other	-6.1	-9.25	-9.29	-2.87	-3.25
Shareholders' Equity	61.28	55.52	55.02	59.43	56.34
Total Liabilities & Equity	579.56	548.16	527.42	518.42	475.48
Total Debt	13.92	15.41	12	5.18	6.78
Net Cash (Debt)	11.52	11.7	24.45	44.02	49.31
Net Cash Growth	-1.49%	-52.16%	-44.46%	-10.71%	188.93%
Net Cash Per Share	8.62	8.75	18.29	32.93	36.88
Filing Date Shares Outstanding	1.34	1.34	1.34	1.34	1.34
Total Common Shares Outstanding	1.34	1.34	1.34	1.34	1.34
Book Value Per Share	45.84	41.53	41.16	44.45	42.15
Tangible Book Value	59.74	53.96	53.46	57.84	54.78
Tangible Book Value Per Share	44.68	40.37	39.99	43.27	40.98

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.