United States
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001-34889
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58-2659667
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(State or other jurisdiction of
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(Commission
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(IRS Employer
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incorporation or organization)
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File Number)
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Identification No.)
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1233 O. G. Skinner Drive, West Point, Georgia
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31833
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(Address of principal executive offices)
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(Zip Code)
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(d)
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Exhibits.
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99.1 Press release dated January 25, 2013.
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CHARTER FINANCIAL CORPORATION | |||
(Registrant) | |||
Date: January 28, 2013
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By:
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/s/ Curtis R. Kollar | |
Curtis R. Kollar
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|||
Senior Vice President and Chief Financial Officer | |||
FOR IMMEDIATE RELEASE
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|||
Contact:
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At Dresner Corporate Services
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||
Robert L. Johnson, Chairman & CEO
Curt Kollar, CFO
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Steve Carr
312-780-7211
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||
706-645-1391
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scarr@dresnerco.com
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||
bjohnson@charterbank.net or ckollar@charterbank.net
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December 31,
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September 30,
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December 31,
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||||||||||
2012
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2012*** | 2011 | ||||||||||
Total Assets
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$1,034,074 | $1,032,220 | $1,116,741 | |||||||||
Cash and Cash Equivalents
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130,248 | 108,828 | 78,815 | |||||||||
Loans Receivable, Net
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575,638 | 593,904 | 647,727 | |||||||||
Non-covered Loans Receivable, Net
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426,370 | 427,676 | 432,108 | |||||||||
Covered Loans Receivable, Net
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149,268 | 166,228 | 215,619 | |||||||||
Real Estate Owned
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22,444 | 24,010 | 29,479 | |||||||||
Non-covered Real Estate Owned
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1,414 | 2,107 | 3,389 | |||||||||
Covered Real Estate Owned
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21,030 | 21,903 | 26,090 | |||||||||
Securities Available for Sale
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179,246 | 189,379 | 186,330 | |||||||||
Core Deposits*
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463,345 | 456,292 | 450,692 | |||||||||
Retail Deposits**
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775,371 | 779,397 | 836,617 | |||||||||
Total Deposits
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806,118 | 800,262 | 859,504 | |||||||||
Borrowings
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80,000 | 81,000 | 110,000 | |||||||||
Total Stockholders’ Equity
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143,989 | 142,521 | 136,051 | |||||||||
Book Value per Share
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$ | 8.09 | $ | $8.00 | $ | $7.59 | ||||||
Tangible Book Value per Share
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7.78 | 7.69 | 7.25 | |||||||||
Minority Shares Outstanding
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6,343,943 | 6,353,443 | 6,473,125 | |||||||||
Total Shares Outstanding – at Period End
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17,801,867 | 17,811,367 | 17,928,049 | |||||||||
Weighted Average Total Shares Outstanding – Basic
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17,806,739 | 17,834,243 | 18,036,619 | |||||||||
Weighted Average Total Shares Outstanding – Fully Diluted
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17,846,627 | 17,863,139 | 18,070,041 |
Three Months Ended
|
||||||||||||
December 31,
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September 30,
|
June 30,
|
||||||||||
2012
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2011
|
2012
|
2012
|
|||||||||
Total Interest Income
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$ 11,052
|
$ |
12,500
|
$ |
11,154
|
$ |
11,805
|
|||||
Total Interest Expense
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2,055
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3,333
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2,134
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2,271
|
||||||||
Net Interest Income
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8,997
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9,167
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9,020
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9,534
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||||||||
Provision for Loan Losses on non-covered loans
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300
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1,500
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1,200
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300
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||||||||
Provision for Loan Losses on covered loans
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95
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600
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236
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75
|
||||||||
Net Interest Income after
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||||||||||||
Provision for Loan Losses
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8,602
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7,067
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7,584
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9,159
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||||||||
Noninterest Income
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3,207
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3,816
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3,684
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2,929
|
||||||||
Noninterest Expense
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8,321
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10,264
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8,659
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11,506
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||||||||
Income before Income Taxes
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3,488
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619
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2,609
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582
|
||||||||
|
||||||||||||
Income Tax Expense (Benefit)
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1,154
|
131
|
858
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(897)
|
||||||||
Net Income
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$ 2,334
|
$ |
488
|
$ 1,751
|
$ |
1,479
|
||||||
Earnings per Share – Basic
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$ 0.13
|
$ |
0.03
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$ 0.10
|
$ |
0.08
|
||||||
Earnings per Share – Fully Diluted
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0.13
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0.03
|
0.10
|
0.08
|
||||||||
Cash Dividends per Share**
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-
|
0.05
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-
|
0.05
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||||||||
Net Charge-offs – Legacy Loans
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108
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2,050
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1,556
|
280
|
||||||||
Deposit Fees
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1,949
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1,724
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1,947
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1,713
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||||||||
Gain on Sale of Loans
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350
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185
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353
|
261
|
Three Months Ended
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||||||||
December 31,
|
September 30,
|
June 30,
|
||||||
2012
|
2011
|
2012
|
2012
|
|||||
Unaudited
|
||||||||
Return on Equity
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6.51%
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1.41%
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4.95%
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4.27%
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||||
Return on Assets
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0.92%
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0.17%
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0.68%
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0.57%
|
||||
Net Interest Margin
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4.13%
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3.94%
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4.09%
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4.33%
|
||||
Bank Core Capital Ratio
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12.30%
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11.28%
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12.16%
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12.33%
|
||||
Bank Total Risk Based Capital
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20.06%
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21.59%
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19.22%
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20.86%
|
||||
Effective Tax Rate
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33.10%
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21.07%
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32.88%
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(154.17%)
|
||||
Ratios of Non-covered Assets:
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||||||||
Allowance for loan losses as a % of Total Loans
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1.92%
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2.00%
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1.87%
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1.94%
|
||||
Allowance for loan losses as a % of Nonperforming Loans
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262.64%
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96.58%
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237.69%
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143.14%
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||||
Nonperforming Assets as a % of Total Loans and REO
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1.06%
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2.82%
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1.27%
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2.13%
|
||||
Nonperforming Assets as a % of Total Assets
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0.53%
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1.63%
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0.69%
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1.19%
|
||||
Net Charge-offs as a % of Average Loans
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0.10%
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1.90%
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1.43%
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0.25%
|
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