Private Bancorp of America, Inc. Reports Third Quarter Results

• Total Assets increased to a record $999.9 million up 6% from the prior quarter and 33% year-over-year.
• Net loans increased to $813.1 million up 3% for the quarter and 41% year-over-year.
• Deposits increased to $824 million up 13% for the quarter and 50% year-over-year.
• Record net interest income for the quarter was $11.0 million, up 9% for the quarter and 47% year-over-year.
• Earnings were impacted by the $9.5 million charge-off detailed in the press release dated September 16, 2019. The after-tax impact of charge ($6.7 million or $1.19 per diluted share) is reflected in net income reported for the quarter and year to date.

/EIN News/ -- LA JOLLA, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX:PBAM) (“Company”), parent company of CalPrivate Bank (“Bank”), announced unaudited financial results for the quarter ended September 30, 2019. Net loss for the third quarter of 2019 was $5.0 million, or $0.89 per diluted share, compared with net income of $1.1million, or $0.20 per diluted share for the second quarter of 2019 and $1.1 million, or $0.21 per diluted share for the third quarter of 2018. Third quarter results include a charge-off of $9.5 million ($6.7 million after taxes) or $1.19 per diluted share.

Tom Wornham, President and CEO of PBAM and CEO of the Bank said, “PBAM continues to execute on our organic growth strategy. The third quarter results reflect the efforts of our team members producing record levels of revenue, assets, loans and deposits.

Rick Sowers, President of the Bank, added, “Despite the unfortunate credit loss we recorded in the quarter, the Bank continues to execute on our three year growth plan. The team continues to build lasting relationships with our customers and communities, enhancing shareholder value.”

Net interest income for the third quarter of 2019 was $11 million compared with $10.1 million in the second quarter of 2019. Interest and fees on loans increased $1.1 million, or 9.2% from the prior quarter due to increases in average loan balances. Total interest expense increased $177 thousand or 8.5% from the prior quarter due to increased deposit costs and borrowing balances. Net interest margin was 4.67% for the third quarter of 2019 compared with 4.70% in the second quarter of 2019. The net interest margin, adjusted for interest reversed from the loan charge-off, was 4.73% for the third quarter compared with 4.70% in the second quarter of 2019.

The provision for loan loss expense was $9.7 million in the third quarter of 2019 compared with $1.0 million in the second quarter of 2019. The increased provision expense for the quarter was due a specific charge-off of $9.5 million and growth in the loan portfolio. The Allowance for Loan Losses increased to $7.9 million or 0.96% of total loans. 

Non-interest income for the third quarter of 2019 was $584 thousand compared with $606 thousand in the second quarter of 2019. The third quarter included $125 thousand in gains from the sale of investment securities and $163 thousand in gains from SBA loan sales.

Non-interest expense for the third quarter of 2019 was $8.9 million compared with $8.2 million for the second quarter of 2019. Non-interest expense increased due to increases in salaries and benefits, and increased professional fees, related to legal expenses, partially offset by a decrease in other expense. “We are pleased with growth in all of our geographic locations. Our clients continue to support us throughout our Southern California coastal footprint. Our team members remain committed to providing best in class solutions and service to our clients. We remain committed to providing our shareholders with solid long-term returns.” said Selwyn Isakow, Chairman of PBAM and the Bank.

About Private Bancorp of America, Inc.

Private Bancorp of America, Inc. (OTCQX: PBAM), is the holding company for CalPrivate Bank. CalPrivate Bank provides a Distinctly Different banking experience through unparalleled service and creative funding solutions to high net worth individuals, professionals, locally owned businesses and real estate entrepreneurs. Customers are serviced through offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo and Beverly Hills as well as efficient electronic banking offerings. The Bank also offers various portfolio and government guaranteed lending programs, including SBA and cross-border Export-Import Bank programs. CalPrivate Bank is a SBA Preferred Lender and a Bauer Financial 5 star rated bank, as well as being in the Top 200 safest Banks as rated by Deposits.com.

Investor Relations Contact

Thomas V. Wornham
President/CEO
Private Bancorp of America, Inc.
(858) 875-6900

Safe Harbor Paragraph

This press release includes forward-looking statements that involve inherent risks and uncertainties. Private Bancorp of America, Inc. cautions readers that a number of important factors could cause actual results to differ materially from those in the forward‐looking statements. These factors include loan losses, economic conditions and competition in the geographic and business areas in which Private Bancorp of America, Inc. operates, our ability to successfully integrate and develop business through the addition of new personnel and facilities and merged banks, whether our efforts to expand loan, product and service offerings will prove profitable, the effects of the bank mergers and acquisitions in our markets, system failures and internet security, inflation, fluctuations in interest rates, legislation and governmental regulation. You should not place undue reliance on forward‐looking statements and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise.

PRIVATE BANCORP OF AMERICA, INC.
CONSOLIDATED BALANCE SHEET
(Unaudited)
(Dollars in thousands)
	September 30, 2019				June 30, 2019				Dollar change			Percentage change			September 30, 2018				Dollar change			Percentage change
Assets
Cash and due from banks	$	29,480			$	25,737			$	3,743		14.5	%		$	24,273			$	5,207		21.5	%
Interest-bearing deposits at Federal Reserve Bank		58,373				17,346				41,027		236.5	%			33,061				25,312		76.6	%
Total cash and due from banks		87,853				43,083				44,770		103.9	%			57,334				30,519		53.2	%
Interest-bearing time deposits with other institutions		2,255				2,254				1		0.0	%			2,749				(494	)	-18.0	%
Investment securities available for sale		73,209				84,752				(11,543	)	-13.6	%			99,217				(26,008	)	-26.2	%
Loans		820,989				795,345				25,644		3.2	%			582,292				238,697		41.0	%
Allowance for loan losses		(7,893	)			(7,637	)			(256	)	3.4	%			(5,389	)			(2,504	)	46.5	%
Net loans		813,096				787,708				25,388		3.2	%			576,903				236,193		40.9	%
Federal Home Loan Bank stock, at cost		4,060				4,060				-		0.0	%			2,889				1,171		40.5	%
Right of use asset		6,877				7,271				(394	)	-5.4	%			-				6,877		NM
Premises and equipment, net		2,947				2,669				278		10.4	%			2,067				880		42.6	%
Other intangible assets		978				904				74		8.2	%			789				189		24.0	%
Deferred tax asset		4,576				4,409				167		3.8	%			4,852				(276	)	-5.7	%
Accrued interest receivable		2,569				2,731				(162	)	-5.9	%			851				1,718		201.9	%
Other assets		1,565				706				859		121.7	%			2,311				(746	)	-32.3	%
Total assets	$	999,985			$	940,547			$	59,438		6.3	%		$	749,962			$	250,023		33.3	%
Liabilities and Shareholders' Equity
Liabilities
Noninterest bearing	$	266,205			$	247,153			$	19,052		7.7	%		$	180,657			$	85,548		47.4	%
Interest Bearing		557,800				485,011				72,789		15.0	%			368,462				189,338		51.4	%
Total deposits		824,005				732,164				91,841		12.5	%			549,119				274,886		50.1	%
FHLB borrowings		55,000				82,000				(27,000	)	-32.9	%			107,000				(52,000	)	-48.6	%
Other borrowings		17,930				17,929				1		0.0	%			7,906				10,024		126.8	%
Accrued interest payable and other liabilities		9,779				10,599				(820	)	-7.7	%			4,046				5,733		141.7	%
Total liabilities		906,714				842,692				64,022		7.6	%			668,071				238,643		35.7	%
Shareholders' equity
Common stock		68,804				68,740				64		0.1	%			58,242				10,562		18.1	%
Additional paid-in capital		2,997				2,823				174		6.2	%			2,791				206		7.4	%
Retained earnings		20,917				25,997				(5,080	)	-19.5	%			22,318				(1,401	)	-6.3	%
Accumulated other comprehensive income		553				295				258		87.5	%			(1,460	)			2,013		-137.9	%
Total stockholders' equity		93,271				97,855				(4,584	)	-4.7	%			81,891				11,380		13.9	%
Total liabilities and stockholders' equity	$	999,985			$	940,547			$	59,438		6.3	%		$	749,962			$	250,023		33.3	%

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)
	For the three months ended
	September 30, 2019				June 30, 2019				Dollar change			Percentage change			September 30, 2018				Dollar change			Percentage change
Interest Income
Loans	$	12,497			$	11,442			$	1,055		9.2	%		$	7,772			$	4,725		60.8	%
Investment securities		544				601				(57	)	-9.5	%			698				(154	)	-22.1	%
Deposits in other financial institutions		181				126				55		43.7	%			174				7		4.0	%
Total interest income		13,222				12,169				1,053		8.7	%			8,644				4,578		53.0	%
Interest Expense
Deposits		1,605				1,340				265		19.8	%			592				1,013		171.1	%
Borrowings		648				736				(88	)	-12.0	%			582				66		11.3	%
Total interest expense		2,253				2,076				177		8.5	%			1,174				1,079		91.9	%
Net interest income		10,969				10,093				876		8.7	%			7,470				3,499		46.8	%
Provision for credit losses		9,737				996				8,741		877.6	%			496				9,241		1863.1	%
Net interest income after provision for credit losses		1,232				9,097				(7,865	)	-86.5	%			6,974				(5,742	)	-82.3	%
Noninterest income:
Service charges on deposit accounts		137				117				20		17.1	%			90				47		52.2	%
Net gain on sale of loans		163				307				(144	)	-46.9	%			749				(586	)	-78.2	%
Gain on sale of investment securities		125				4				121		3025.0	%			(6	)			131		-2183.3	%
Other noninterest income		159				178				(19	)	-10.7	%			83				76		91.6	%
Total noninterest income		584				606				(22	)	-3.6	%			916				(332	)	-36.2	%
Noninterest expense:
Salary and employee benefits		6,341				5,892				449		7.6	%			4,269				2,072		48.5	%
Occupancy and equipment		793				641				152		23.7	%			610				183		30.0	%
Data processing		588				490				98		20.0	%			487				101		20.7	%
Professional services		639				364				275		75.5	%			288				351		121.9	%
Other expenses		570				854				(284	)	-33.3	%			703				(133	)	-18.9	%
Total noninterest expense		8,931				8,241				690		8.4	%			6,357				2,574		40.5	%
Income (loss) before provision for income taxes		(7,115	)			1,462				(8,577	)	-586.7	%			1,533				(8,648	)	-564.1	%
Provision for income taxes		(2,081	)			411				(2,492	)	-606.3	%			435				(2,516	)	-578.4	%
Net income (loss)	$	(5,034	)		$	1,051			$	(6,085	)	-579.0	%		$	1,098			$	(6,132	)	-558.5	%
Net income available to common shareholders	$	(4,950	)		$	1,031			$	(5,981	)	-580.1	%		$	1,081			$	(6,031	)	-557.9	%
Earnings per share
Basic earnings (loss) per share	$	(0.91	)		$	0.21			$	(1.11	)	-541.7	%		$	0.22			$	(1.12	)	-516.2	%
Diluted earnings (loss) per share	$	(0.89	)		$	0.20			$	(1.09	)	-543.0	%		$	0.21			$	(1.10	)	-518.7	%
Average shares outstanding		5,465,278				5,027,437				437,841		8.7	%			4,967,905				497,373		10.0	%
Diluted average shares outstanding		5,563,931				5,133,305				430,626		8.4	%			5,087,829				476,102		9.4	%

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)
	For the nine months ended
	September 30, 2019				September 30, 2018				Dollar change			Percentage change
Interest Income
Loans	$	34,449			$	20,760			$	13,689		65.9	%
Investment securities		1,818				1,952				(134	)	-6.9	%
Deposits in other financial institutions		440				577				(137	)	-23.7	%
Total interest income		36,707				23,289				13,418		57.6	%
Interest Expense
Deposits		4,152				1,545				2,607		168.7	%
Borrowings		1,863				1,257				606		48.2	%
Total interest expense		6,015				2,802				3,213		114.7	%
Net interest income		30,692				20,487				10,205		49.8	%
Provision for credit losses		11,122				868				10,254		1181.3	%
Net interest income after provision for credit losses		19,570				19,619				(49	)	-0.2	%
Noninterest income:
Service charges on deposit accounts		347				276				71		25.7	%
Net gain on sale of loans		817				1,261				(444	)	-35.2	%
Gain on sale of investment securities		150				-				150		NM
Other noninterest income		428				217				211		97.2	%
Total noninterest income		1,742				1,754				(12	)	-0.7	%
Noninterest expense:
Salary and employee benefits		17,462				11,202				6,260		55.9	%
Occupancy and equipment		2,109				1,690				419		24.8	%
Data processing		1,602				1,361				241		17.7	%
Professional services		1,395				898				497		55.3	%
Other expenses		2,153				1,894				259		13.7	%
Total noninterest expense		24,721				17,045				7,676		45.0	%
Income (loss) before provision for income taxes		(3,409	)			4,328				(7,737	)	-178.8	%
Provision for income tax		(1,014	)			1,238				(2,252	)	-181.9	%
Net income (loss)	$	(2,395	)		$	3,090			$	(5,485	)	-177.5	%
Net income available to common shareholders	$	(2,351	)		$	3,042			$	(5,393	)	-177.3	%
Earnings per share
Basic earnings (loss) per share	$	(0.46	)		$	0.61			$	(1.07	)	-174.6	%
Diluted earnings (loss) per share	$	(0.45	)		$	0.60			$	(1.05	)	-174.5	%
Average shares outstanding		5,163,512				4,955,683				207,829		4.2	%
Diluted average shares outstanding		5,262,165				5,033,425				228,740		4.5	%

	Consolidated average balance sheet, interest, yield and rates
	(Unaudited)
	(Dollars in thousands)
	For the three months ended
	September 30, 2019									June 30, 2019									September 30, 2018
	Average Balance			Interest			Average Yield/Rate			Average Balance			Interest			Average Yield/Rate			Average Balance			Interest			Average Yield/Rate
Interest-Earnings Assets:
Deposits in other financial institutions	$	35,658		$	181		2.01	%		$	23,651		$	126		2.14	%		$	36,585		$	174		1.89	%
Investment securities		79,842			544		2.73	%			89,102			601		2.70	%			103,618			698		2.67	%
Loans		816,281			12,497		6.07	%			748,846			11,442		6.13	%			541,049			7,772		5.70	%
Total interest-earning assets		931,781			13,222		5.63	%			861,599			12,169		5.67	%			681,252			8,644		5.03	%
Noninterest-earning assets		39,083									35,521									24,817
Total Assets	$	970,864								$	897,120								$	706,069
Interest-Bearing Liabilities
Interest-bearing transaction accounts	$	37,644		$	69		0.73	%		$	33,191		$	66		0.80	%		$	15,649		$	8		0.20	%
Money market		372,008			959		1.02	%			320,310			720		0.90	%			277,216			394		0.56	%
Savings deposits		7,099			5		0.28	%			6,779			5		0.30	%			5,580			4		0.28	%
Certificates of deposit		100,705			572		2.25	%			98,004			549		2.25	%			56,743			186		1.30	%
Total Interest-Bearing Deposits		517,456			1,605		1.23	%			458,284			1,340		1.17	%			355,188			592		0.66	%
FHLB advances		63,301			376		2.36	%			65,797			423		2.58	%			83,978			478		2.26	%
Other borrowings		17,929			272		6.07	%			14,711			313		8.29	%			7,904			104		5.22	%
Total Interest-Bearing Liabilities		81,230			648		3.16	%			80,508			736		3.67	%			91,882			582		2.51	%
Noninterest-bearing deposits		261,365									260,295									173,335
Total Funding Sources		860,051			2,253		1.04	%			799,087			2,076		1.04	%			620,405			1,174		0.75	%
Noninterest-bearing liabilities		12,422									11,069									4,300
Shareholders' equity		98,391									86,964									81,364
Total Liabilities and Shareholders' Equity	$	970,864								$	897,120								$	706,069
Net interest spread							4.59	%								4.62	%								4.28	%
Net interest income				$	10,969								$	10,093								$	7,470
Net interest margin							4.67	%								4.70	%								4.35	%

	Condensed Balance Sheets
	(Dollars in thousands, except per share amounts)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Assets
Cash and due from banks	$	90,108			$	45,337			$	37,998			$	45,855			$	60,083
Investment securities		73,209				84,752				85,852				98,170				99,217
Loans		820,989				795,345				713,408				694,531				582,292
Allowance for loan losses		(7,893	)			(7,637	)			(6,641	)			(6,252	)			(5,389	)
Net loans		813,096				787,708				706,767				688,279				576,903
Right of use asset		6,877				7,271				6,951				-				-
Premises and equipment, net		2,947				2,669				2,416				2,223				2,067
Other assets and interest receivable		13,748		-		12,810		-		12,554		-		12,637		-		11,692
Total assets	$	999,985			$	940,547			$	852,538			$	847,164			$	749,962
Liabilities and Shareholders' Equity
Liabilities
Noninterest Bearing	$	266,205			$	247,153			$	263,255			$	226,119			$	180,657
Interest Bearing		557,800				485,011				443,572				470,344				368,462
Total Deposits		824,005				732,164				706,827				696,463				549,119
Borrowings		72,930				99,929				47,832				62,909				114,906
Accrued interest payable and other liabilities		9,779				10,599				11,777				4,241				4,046
Total liabilities		906,714				842,692				766,436				763,613				668,071
Shareholders' equity
Common stock		68,804				68,740				58,576				58,373				58,242
Additional paid-in capital		2,997				2,823				3,062				3,083				2,791
Retained earnings		20,917				25,997				24,952				23,364				22,318
Accumulated other comprehensive income		553				295				(488	)			(1,269	)			(1,460	)
Total shareholders' equity		93,271				97,855				86,102				83,551				81,891
Total liabilities and shareholders' equity	$	999,985			$	940,547			$	852,538			$	847,164			$	749,962
Book value per common share	$	16.84			$	17.60			$	16.90			$	16.41			$	16.23
Tangible book value per common share	$	16.66			$	17.44			$	16.72			$	16.23			$	16.07
	Regulatory Capital Ratios (PBAM) 1
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Tier 1 leverage ratio		9.54	%			10.69	%			9.97	%			10.39	%			11.51	%
Tier 1 risk-based capital ratio		10.24	%			11.10	%			11.10	%			11.36	%			13.01	%
Common equity Tier 1 ratio		10.24	%			11.10	%			11.10	%			11.36	%			13.01	%
Total risk-based capital ratio		13.09	%			14.10	%			12.01	%			12.25	%			13.90	%
Tangible equity / tangible assets		9.24	%			10.32	%			10.00	%			9.74	%			10.83	%
1 Preliminary ratios for September 30, 2019

	Condensed Statements of Income
	(Dollars in thousands, except per share amounts)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Interest income	$	13,222			$	12,169			$	11,317			$	10,333			$	8,644
Interest expense		2,253				2,076				1,686				1,570				1,174
Net interest income		10,969				10,093				9,631				8,763				7,470
Provision for credit losses		9,737				996				389				863				496
Net interest income after provision for credit losses		1,232				9,097				9,242				7,900				6,974
Noninterest income		584				606				552				561				916
Salary and employee benefits		6,341				5,892				5,229				4,741				4,269
Occupancy and equipment		793				641				674				620				610
Data processing		588				490				524				541				487
Professional services		639				364				392				350				288
Other expenses		570				854				730				688				703
Total noninterest expense		8,931				8,241				7,549				6,940				6,357
Income before provision for income taxes		(7,115	)			1,462				2,245				1,521				1,533
Income taxes		(2,081	)			411				656				474				435
Net income	$	(5,034	)		$	1,051			$	1,589			$	1,047			$	1,098
Net income available to common shareholders	$	(4,950	)		$	1,031			$	1,559			$	1,025			$	1,081
Earnings per share
Basic earnings per share	$	(0.91	)		$	0.21			$	0.31			$	0.21			$	0.22
Diluted earnings per share	$	(0.89	)		$	0.20			$	0.30			$	0.20			$	0.21
Average shares outstanding		5,465,278				5,027,437				4,996,811				5,042,921				4,967,905
Diluted average shares outstanding		5,563,931				5,133,305				5,114,096				5,160,206				5,087,829
	Performance Ratios
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
ROAA		-2.06	%			0.47	%			0.76	%			0.52	%			0.62	%
ROAE		-20.30	%			4.85	%			7.60	%			5.03	%			5.35	%
ROTE		-20.50	%			4.90	%			7.72	%			5.09	%			5.38	%
Net interest margin		4.67	%			4.70	%			4.77	%			4.52	%			4.35	%
Net interest spread		4.59	%			4.62	%			4.71	%			4.45	%			4.28	%
Efficiency ratio		77.30	%			77.03	%			74.13	%			74.43	%			75.80	%
Noninterest expense / average assets		3.65	%			3.68	%			3.61	%			3.47	%			3.57	%

	Average Balances
	(Dollars in thousands)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Total assets	$	970,864			$	897,120			$	847,900			$	793,271			$	706,069
Earning assets	$	931,781			$	861,599			$	818,630			$	768,519			$	681,252
Total loans	$	816,281			$	748,846			$	701,715			$	640,963			$	541,049
Total deposits	$	778,821			$	718,579			$	690,384			$	600,640			$	528,523
Total equity	$	98,391			$	86,964			$	84,827			$	82,606			$	81,364
	Loan Balances by Type
	(Dollars in thousands)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Real estate - investor owned	$	247,953			$	245,068			$	235,185			$	234,540			$	213,139
Real estate - owner occupied		192,739				175,112				136,484				122,258				86,216
Real estate - multifamily		68,536				67,839				69,083				62,388				62,811
Real estate - single family		59,782				56,783				58,334				59,685				63,906
Commercial business		204,166				201,892				173,027				180,602				124,770
Land and construction		37,918				37,966				32,987				24,679				22,640
Consumer		5,585				7,035				5,107				5,255				5,967
Total loans held for investment		816,679				791,695				710,207				689,407				579,449
Loans held for sale		4,310				3,650				3,201				5,124				2,843
Total loans, including loans held for sale		820,989				795,345				713,408				694,531				582,292
Allowance for loan losses		(7,893	)			(7,637	)			(6,641	)			(6,252	)			(5,389	)
Net loans	$	813,096			$	787,708			$	706,767			$	688,279			$	576,903
	Deposits by Type
	(Dollars in thousands)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Non interest bearing DDA	$	266,205			$	247,153			$	263,255			$	226,119			$	180,657
Interest bearing DDA		47,805				29,583				23,195				21,079				16,481
Savings & MMA		394,128				363,803				325,880				344,776				294,600
Retail CD		7,132				7,025				4,135				7,651				6,461
Jumbo CD		108,735				84,600				90,362				96,838				50,920
Total deposits	$	824,005			$	732,164			$	706,827			$	696,463			$	549,119
	Asset Quality
	(Dollars in thousands)
	Sep 30, 2019				Jun 30, 2019				Mar 31, 2019				Dec 31, 2018				Sep 30, 2018
Total Loans	$	820,989			$	795,345			$	713,408			$	694,531			$	582,292
30-89 day past due loans	$	-			$	155			$	-			$	-			$	-
90+ day past due loans	$	-			$	-			$	-			$	-			$	-
Nonaccrual loans	$	-			$	-			$	-			$	-			$	-
NPAs / Assets		0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
NPLs / loans & OREO		0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Net chargeoffs	$	9,481			$	-			$	-			$	-			$	-
Net charge-offs/avg loans (annualized)		4.65	%			0.00	%			0.00	%			0.00	%			0.00	%
Allowance for loan losses to loans		0.96	%			0.96	%			0.93	%			0.90	%			0.93	%
Allowance for loan losses to nonaccrual loans		NM				NM				NM				NM				NM