Highlands Bankshares, Inc. (HBSI)

Highlands Bankshares Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	12.63	7.83	22.78	22.27	22.45	13.88
Investment Securities	95.68	88.79	89.15	113.34	76.02	32.55
Mortgage-Backed Securities	-	17.84	20.76	22.29	8.61	4.15
Total Investments	95.68	106.63	109.91	135.63	84.63	36.7
Gross Loans	428.27	403.68	366.93	333.8	340.32	339.45
Allowance for Loan Losses	-5.03	-4.58	-3.13	-4.13	-4.13	-3.22
Net Loans	423.24	399.1	363.8	329.67	336.18	336.23
Property, Plant & Equipment	12.78	11.94	11.41	11.69	12.33	12.77
Goodwill	1.53	1.53	1.53	1.53	1.53	1.53
Other Intangible Assets	0.01	0.02	0.03	0.05	0.03	0.03
Accrued Interest Receivable	2.22	2.13	1.76	1.45	1.46	1.32
Long-Term Deferred Tax Assets	-	-	-	1.56	1.99	1.62
Other Real Estate Owned & Foreclosed	0.19	0.16	0.03	0.14	2.07	3.17
Other Long-Term Assets	18.58	18.82	16.17	14.43	12.8	11.62
Total Assets	566.87	548.16	527.42	518.42	475.48	418.88
Accrued Expenses	4.95	4.22	5.1	7.43	9.41	8.2
Interest Bearing Deposits	335.99	327.91	304.84	294.2	267.58	240.88
Institutional Deposits	17.12	14.11	13.91	16.78	20.73	21.08
Non-Interest Bearing Deposits	135.04	130.99	136.56	135.42	114.64	85.33
Total Deposits	488.14	473.01	455.3	446.39	402.95	347.29
Current Portion of Long-Term Debt	-	3.5	-	-	-	-
Federal Home Loan Bank Debt, Long-Term	14.3	11.91	12	5.18	6.78	8.72
Total Liabilities	507.39	492.65	472.4	459	419.14	364.21
Common Stock	7.18	7.18	7.18	7.18	7.18	7.18
Additional Paid-In Capital	1.66	1.66	1.66	1.66	1.66	1.66
Retained Earnings	60.58	59.3	58.84	56.82	54.12	53.05
Treasury Stock	-3.37	-3.37	-3.37	-3.37	-3.37	-3.37
Comprehensive Income & Other	-6.57	-9.25	-9.29	-2.87	-3.25	-3.85
Shareholders' Equity	59.49	55.52	55.02	59.43	56.34	54.67
Total Liabilities & Equity	566.87	548.16	527.42	518.42	475.48	418.88
Total Debt	14.3	15.41	12	5.18	6.78	8.72
Net Cash (Debt)	7.71	11.7	24.45	44.02	49.31	17.07
Net Cash Growth	-68.47%	-52.16%	-44.47%	-10.71%	188.92%	67.06%
Net Cash Per Share	5.77	8.75	18.29	32.93	36.88	12.76
Filing Date Shares Outstanding	1.34	1.34	1.34	1.34	1.34	1.34
Total Common Shares Outstanding	1.34	1.34	1.34	1.34	1.34	1.34
Book Value Per Share	44.50	41.53	41.16	44.45	42.15	40.90
Tangible Book Value	57.94	53.96	53.46	57.84	54.78	53.11
Tangible Book Value Per Share	43.34	40.37	39.99	43.27	40.98	39.72

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