Company Quick10K Filing
Bankguam
Price-0.00 EPS1
Shares10 P/E-0
MCap-0 P/FCF-0
Net Debt-190 EBIT19
TEV-190 TEV/EBIT-10
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-13
10-Q 2020-03-31 Filed 2020-05-13
10-K 2019-12-31 Filed 2020-03-19
10-Q 2019-09-30 Filed 2019-11-08
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-13
10-Q 2018-03-31 Filed 2018-08-03
10-K 2017-12-31 Filed 2018-06-29
10-Q 2017-09-30 Filed 2017-11-20
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-03-14
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-08
10-Q 2016-03-31 Filed 2016-05-11
10-K 2015-12-31 Filed 2016-03-14
10-Q 2015-09-30 Filed 2015-11-10
10-Q 2015-06-30 Filed 2015-08-11
10-Q 2015-03-31 Filed 2015-05-12
10-K 2014-12-31 Filed 2015-03-17
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-12
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-17
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-03-21
10-Q 2012-09-30 Filed 2012-11-13
10-Q 2012-06-30 Filed 2012-08-13
10-Q 2012-03-31 Filed 2012-05-21
10-K 2011-12-31 Filed 2012-04-06
10-Q 2011-09-30 Filed 2011-11-14
8-K 2020-08-24 Other Events, Exhibits
8-K 2020-05-26
8-K 2020-05-18
8-K 2020-03-23
8-K 2020-02-24
8-K 2020-02-05
8-K 2020-01-24
8-K 2019-11-25
8-K 2019-08-26
8-K 2019-06-27
8-K 2019-05-28
8-K 2019-05-20
8-K 2019-03-20
8-K 2019-02-25
8-K 2018-12-26
8-K 2018-11-26
8-K 2018-10-15
8-K 2018-09-04
8-K 2018-08-27
8-K 2018-06-11
8-K 2018-05-29
8-K 2018-04-12
8-K 2018-03-26
8-K 2018-02-26
8-K 2018-02-09
8-K 2017-12-29

BKGMF 10Q Quarterly Report

Part I. Financial Information
Item 1. Condensed Consolidated Financial Statements (Unaudited)
Note 1 - Nature of Business
Note 2 - Summary of Significant Accounting Policies and Recent Accounting Pronouncements
Note 3 - Earnings per Common Share
Note 4 - Investment Securities
Note 5 - Loans Held for Sale, Loans and Allowance for Loan Losses
Note 6 - Commitments and Contingencies
Note 7 - Regulatory Capital Requirements
Note 8 - Off - Balance - Sheet Activities
Note 9 - Income Taxes
Note 10 - Fair Value Measurements
Note 11 - Comprehensive Income (Loss)
Note 12 - Leases
Note 13 - Subordinated Debt
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 4. Controls and Procedures
Part II. Other Information
Item 1A. Risk Factors
Item 6. Exhibits
EX-31.01 bkgm-ex3101_7.htm
EX-31.02 bkgm-ex3102_8.htm
EX-32.01 bkgm-ex3201_9.htm

Bankguam Earnings 2020-06-30

Balance SheetIncome StatementCash Flow

10-Q 1 bkgm-10q_20200630.htm 10-Q bkgm-10q_20200630.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2020

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to            .

Commission file number: 000-54483

 

BankGuam Holding Company

(Exact name of registrant as specified in its charter)

 

 

Guam

66-0770448

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

P.O. Box BW

Hagåtña, Guam 96932

(671) 472-5300

(Address, including Zip Code, and telephone number, including area code, of the registrant’s principal executive offices)

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

N/A

N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

 

  

Accelerated filer

 

Non-accelerated filer

 

  

Smaller reporting company

 

Emerging growth company

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes      No  

Securities registered pursuant to Section 12(g) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.2083 par value per share

“BKGM”

Not listed

 

As of August 13, 2020, there were 9,688,654 shares outstanding

 

 


BANKGUAM HOLDING COMPANY

FORM 10-Q

QUARTERLY REPORT

TABLE OF CONTENTS

 

 

 

PART 1. FINANCIAL INFORMATION

3

 

 

 

Item 1.

Condensed Consolidated Financial Statements (Unaudited)

3

 

 

 

 

Condensed Consolidated Statements of Financial Condition at June 30, 2020 and December 31, 2019

3

 

 

 

 

Condensed Consolidated Statements of Income for the three and six months ended June 30, 2020 and 2019

4

 

 

 

 

Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2020 and 2019

5

 

 

 

 

Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2020 and 2019

6

 

 

 

 

Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2020 and 2019

7

 

 

 

 

Notes to Condensed Consolidated Financial Statements

8

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

34

 

 

 

Item 4.

Controls and Procedures

55

 

 

PART II. OTHER INFORMATION

56

 

 

 

Item 1A.

Risk Factors

56

 

 

 

Item 6.

Exhibits

57

 

 

 

Signatures

58

 

 

 

 

 

 

 


Cautionary Note Regarding Forward-Looking Statements

For purposes of this Quarterly Report, the terms the “Company,” “we,” “us” and “our” refer to BankGuam Holding Company and its subsidiaries. This Quarterly Report on Form 10-Q contains statements that are not historical in nature, are predictive in nature, or that depend upon or refer to future events or conditions or contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995. These include, among other things, statements regarding:

 

Competition for loans and deposits and failure to attract or retain deposits and loans;

 

Local, regional, national and global economic conditions, and the impact they may have on us and our customers, and our assessment of that impact on our estimates, including the allowance for loan losses and fair value measurements;

 

The effects of the COVID-19 pandemic, including reduced tourism in Guam, volatility in the international and national economy and credit markets, quarantines or other travel or health-related restrictions, the length and severity of the COVID-19 pandemic and the pace of recovery following the COVID-19 pandemic;

 

Risks associated with concentrations in real estate related loans;

 

Changes in the level of nonperforming assets and charge-offs and other credit quality measures, and their impact on the adequacy of our allowance for loan losses and our provision for loan losses;

 

The effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board; and the anticipated elimination of the London Interbank Offered Rate (“LIBOR”) as a benchmark interest rate;

 

Stability of funding sources and continued availability of borrowings;

 

The effect of changes in laws and regulations with which the Company and Bank of Guam must comply, including any change in Federal Deposit Insurance Corporation insurance premiums;

 

Our ability to raise capital or incur debt on reasonable terms;

 

Regulatory limits on Bank of Guam’s ability to pay dividends to the Company;

 

The effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters;

 

Changes in the deferred tax asset valuation allowance in future quarters;

 

The costs and effects of legal and regulatory developments, including resolution of legal proceedings or regulatory or other governmental inquiries, and the results of regulatory examinations or reviews;

 

The ability to increase market share and control expenses; and,

 

Our success in managing the risks involved in the foregoing items, as well as other statements regarding our future operations, financial condition and prospects, and business strategies.

We are not able to predict all of the factors that may affect future results. Forward-looking statements may be preceded by, followed by or include the words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “is designed to” and similar expressions. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about our business that could affect our future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in “Risk Factors” included in filings we make from time to time with the U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for our fiscal year ended December 31, 2019. We have no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or risks, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. New information, future events or risks could cause the forward-looking statements we discuss in this Quarterly Report not to occur. You should not place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this Quarterly Report.

 

 

2


PART I. FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements (Unaudited)

 

BankGuam Holding Company

Unaudited Condensed Consolidated Statements of Financial Condition

(in Thousands, Except Par Value)

 

 

 

June 30, 2020

 

 

December 31, 2019

 

ASSETS

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

41,837

 

 

$

37,870

 

Interest bearing deposits in banks

 

 

334,564

 

 

 

93,846

 

Total cash and cash equivalents

 

 

376,401

 

 

 

131,716

 

Restricted cash

 

 

150

 

 

 

400

 

Investment in unconsolidated subsidiary

 

 

7,458

 

 

 

7,443

 

Investment securities available-for-sale, at fair value

 

 

378,657

 

 

 

377,130

 

Investment securities held-to-maturity, at amortized cost

   (Fair Value $64,886 at 6/30/2020  and $50,204 at 12/31/2019)

 

 

64,212

 

 

 

49,984

 

Federal Home Loan Bank stock, at cost

 

 

2,335

 

 

 

2,267

 

Loans, net of allowance for loan losses

   ($30,884 at 6/30/2020  and $27,870 at 12/31/2019)

 

 

1,360,372

 

 

 

1,275,272

 

Accrued interest receivable

 

 

7,569

 

 

 

5,581

 

Premises and equipment, net

 

 

20,242

 

 

 

19,754

 

Other assets

 

 

81,454

 

 

 

83,515

 

Total assets

 

$

2,298,850

 

 

$

1,953,062

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

 

 

Non-interest bearing

 

$

722,254

 

 

$

582,967

 

Interest bearing

 

 

1,340,352

 

 

 

1,146,939

 

Total deposits

 

 

2,062,606

 

 

 

1,729,906

 

Accrued interest payable

 

 

85

 

 

 

118

 

Subordinated debt, net

 

 

14,764

 

 

 

14,751

 

Other liabilities

 

 

47,527

 

 

 

44,044

 

Total liabilities

 

 

2,124,982

 

 

 

1,788,819

 

Commitments and contingencies (Note 6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

 

 

 

Common stock $0.2083 par value; 48,000 shares authorized; 9,720  and 9,704

   shares issued and 9,688 and 9,672 shares outstanding at 6/30/2020 and

   12/31/2019, respectively

 

 

2,026

 

 

 

2,023

 

Preferred stock $100 par value; 300 shares authorized; 9.8 shares issued

   and outstanding

 

 

980

 

 

 

980

 

Additional paid-in capital, Common stock

 

 

24,650

 

 

 

24,478

 

Additional paid-in capital, Preferred stock

 

 

8,803

 

 

 

8,803

 

Retained earnings

 

 

133,370

 

 

 

129,576

 

Accumulated other comprehensive income (loss)

 

 

4,329

 

 

 

(1,327

)

Common stock in treasury, at cost (32 shares)

 

 

(290

)

 

 

(290

)

Total stockholders’ equity

 

 

173,868

 

 

 

164,243

 

Total liabilities and stockholders’ equity

 

$

2,298,850

 

 

$

1,953,062

 

 

The accompanying notes are an integral part of the condensed consolidated financial statements.

3


BankGuam Holding Company

Unaudited Condensed Consolidated Statements of Income

(Dollar and Share Amounts in Thousands, Except Per Share Amounts)

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

 

$

19,327

 

 

$

20,679

 

 

$

39,094

 

 

$

41,013

 

Investment securities

 

 

1,260

 

 

 

2,517

 

 

 

3,234

 

 

 

5,030

 

Deposits with banks

 

 

66

 

 

 

558

 

 

 

423

 

 

 

1,128

 

Total interest income

 

 

20,653

 

 

 

23,754

 

 

 

42,751

 

 

 

47,171

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Savings deposits

 

 

391

 

 

 

478

 

 

 

865

 

 

 

950

 

Time deposits

 

 

21

 

 

 

27

 

 

 

38

 

 

 

55

 

Other borrowed funds

 

 

238

 

 

 

11

 

 

 

479

 

 

 

11

 

Total interest expense

 

 

650

 

 

 

516

 

 

 

1,382

 

 

 

1,016

 

Net interest income

 

 

20,003

 

 

 

23,238

 

 

 

41,369

 

 

 

46,155

 

Provision for loan losses

 

 

2,400

 

 

 

2,098

 

 

 

4,607

 

 

 

5,951

 

Net interest income, after provision for loan losses

 

 

17,603

 

 

 

21,140

 

 

 

36,762

 

 

 

40,204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges and fees

 

 

1,563

 

 

 

1,772

 

 

 

3,302

 

 

 

3,242

 

Income from merchant services, net

 

 

331

 

 

 

629

 

 

 

874

 

 

 

1,206

 

Cardholders income, net

 

 

143

 

 

 

(57

)

 

 

300

 

 

 

41

 

Trustee fees

 

 

445

 

 

 

613

 

 

 

1,079

 

 

 

1,241

 

Other income

 

 

739

 

 

 

890

 

 

 

1,737

 

 

 

1,744

 

Total non-interest income

 

 

3,221

 

 

 

3,847

 

 

 

7,292

 

 

 

7,474

 

Non-interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

7,937

 

 

 

8,861

 

 

 

17,461

 

 

 

17,937

 

Occupancy

 

 

2,126

 

 

 

1,971

 

 

 

4,282

 

 

 

3,998

 

Equipment and depreciation

 

 

2,982

 

 

 

2,796

 

 

 

5,954

 

 

 

5,556

 

Insurance

 

 

474

 

 

 

456

 

 

 

947

 

 

 

929

 

Telecommunications

 

 

372

 

 

 

351

 

 

 

714

 

 

 

697

 

FDIC assessment

 

 

324

 

 

 

345

 

 

 

603

 

 

 

706

 

Professional services

 

 

541

 

 

 

768

 

 

 

1,119

 

 

 

1,372

 

Contract services

 

 

521

 

 

 

632

 

 

 

1,037

 

 

 

992

 

Other real estate owned

 

 

(14

)

 

 

659

 

 

 

14

 

 

 

1,171

 

Stationery and supplies

 

 

(2

)

 

 

185

 

 

 

198

 

 

 

413

 

Training and education

 

 

21

 

 

 

332

 

 

 

206

 

 

 

531

 

General, administrative and other

 

 

1,704

 

 

 

2,210

 

 

 

3,682

 

 

 

4,237

 

Total non-interest expense

 

 

16,986

 

 

 

19,566

 

 

 

36,217

 

 

 

38,539

 

Income before income taxes

 

 

3,838

 

 

 

5,421

 

 

 

7,837

 

 

 

9,139

 

Income tax expense

 

 

1,081

 

 

 

1,061

 

 

 

1,835

 

 

 

1,877

 

Net income

 

 

2,757

 

 

 

4,360

 

 

 

6,002

 

 

 

7,262

 

Preferred stock dividend

 

 

(136

)

 

 

(137

)

 

 

(272

)

 

 

(271

)

Net income attributable to common stockholders

 

$

2,621

 

 

$

4,223

 

 

$

5,730

 

 

$

6,991

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.27

 

 

$

0.44

 

 

$

0.59

 

 

$

0.72

 

Diluted

 

$

0.27

 

 

$

0.44

 

 

$

0.59

 

 

$

0.72

 

Dividends declared per common share

 

$

0.10

 

 

$

0.10

 

 

$

0.20

 

 

$

0.20

 

Basic weighted average common shares

 

 

9,682

 

 

 

9,654

 

 

 

9,678

 

 

 

9,650

 

Diluted weighted average common shares

 

 

9,682

 

 

 

9,654

 

 

 

9,678

 

 

 

9,650

 

 

The accompanying notes are an integral part of the condensed consolidated financial statements.

4


BankGuam Holding Company

Unaudited Condensed Consolidated Statements of Comprehensive Income

(in Thousands)

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income

 

$

2,757

 

 

$

4,360

 

 

$

6,002

 

 

$

7,262

 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gain on available-for-sale

   securities arising during the period, net of tax

 

 

940

 

 

 

1,262

 

 

 

5,509

 

 

 

2,754

 

Amortization of post-transfer unrealized holding loss on

   held-to-maturity securities during the period, net of tax

 

 

73

 

 

 

87

 

 

 

147

 

 

 

175

 

Total other comprehensive income

 

 

1,013

 

 

 

1,349

 

 

 

5,656

 

 

 

2,929

 

Total comprehensive income

 

$

3,770

 

 

$

5,709

 

 

$

11,658

 

 

$

10,191

 

 

The accompanying notes are an integral part of the condensed consolidated financial statements.

5


BankGuam Holding Company

Unaudited Condensed Consolidated Statements of Stockholders’ Equity

(Dollar Amounts in Thousands, Except Number of Shares)

 

 

 

Number of

Common

Shares

 

 

Common

Stock

 

 

Preferred

Stock

 

 

Additional Paid-in

Capital -

Common

 

 

Additional Paid-in

Capital -

Preferred

 

 

Retained

Earnings

 

 

Accumulated

Other

Comprehensive

Income/(loss)

 

 

Treasury

Stock

 

 

Total

 

Balances, January 1, 2020

 

 

9,671,556

 

 

$

2,023

 

 

$

980

 

 

$

24,478

 

 

$

8,803

 

 

$

129,576

 

 

$

(1,327

)

 

$

(290

)

 

$

164,243

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,245

 

 

 

-

 

 

 

-

 

 

 

3,245

 

Change in accumulated other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain on available-for-sale securities, net

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,643

 

 

 

-

 

 

 

4,643

 

Common stock issued under Employee Stock

   Purchase Plan & Service Awards

 

 

8,990

 

 

 

2

 

 

 

-

 

 

 

91

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

93

 

Cash dividends on common stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(967

)

 

 

-

 

 

 

-

 

 

 

(967

)

Cash dividends on preferred stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(136

)

 

 

-

 

 

 

-

 

 

 

(136

)

Balances, March 31, 2020

 

 

9,680,546

 

 

$

2,025

 

 

$

980

 

 

$

24,569

 

 

$

8,803

 

 

$

131,718

 

 

$

3,316

 

 

$

(290

)

 

$

171,121

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,757

 

 

 

-

 

 

 

-

 

 

 

2,757

 

Change in accumulated other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain on available-for-sale securities, net

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,013

 

 

 

-

 

 

 

1,013

 

Common stock issued under Employee Stock

   Purchase Plan & Service Awards

 

 

7,708

 

 

 

1

 

 

 

-

 

 

 

81

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

82

 

Cash dividends on common stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(969

)

 

 

-

 

 

 

-

 

 

 

(969

)

Cash dividends on preferred stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(136

)

 

 

-

 

 

 

-

 

 

 

(136

)

Balances, June 30, 2020

 

 

9,688,254

 

 

$

2,026

 

 

$

980

 

 

$

24,650

 

 

$

8,803

 

 

$

133,370

 

 

$

4,329

 

 

$

(290

)

 

$

173,868