Press Releases/Communications
JUL 12, 2023 - CBOA Financial, Inc. 2Q 2023 Shareholder Letter
APR 27, 2023 - Bancorp 34, Inc. and CBOA Financial, Inc. Agree to Combine to Create the Largest Community Bank Headquartered in Arizona
APR 12, 2023 - CBOA Financial, Inc. 1Q 2023 Shareholder Letter
JAN 25, 2023 - CBOA Financial, Inc. Reports Consolidated Earnings of $1,061,000 in 4Q 2022
OCT 26, 2022 - CBOA Financial, Inc. Reports Consolidated Earnings of $1,005,000 in 3Q 2022
JULY 29, 2022 - CBOA Financial, Inc. Reports Consolidated Earnings of $747,000 in 2Q 2022
MAY 02, 2022 - CBOA Financial, Inc. Reports Consolidated Earnings of $650,000 in 1Q 2022
FEB 04, 2022 - CBOA Financial, Inc. Reports Consolidated Earnings of $548,000 in 4Q 2021
NOV 01, 2021 - CBOA Financial, Inc. Reports Consolidated Earnings of $510,000 in 3Q 2021
JUL 30, 2021 - CBOA Financial, Inc. Reports Consolidated Earnings of $1,277,000 in 2Q 2021
MAY 07, 2021 - CBOA Financial, Inc. Reports Consolidated Earnings of $543,000 in 1Q 2021
FEB 11, 2021 - CBOA Financial, Inc. Reports Consolidated Earnings of $1,522,000 in 4Q 2020
FEB 09, 2021 - Commerce Bank of Arizona announces Paul Tees as Tucson Market President
DEC 01, 2020 - CBOA Financial, Inc. Announces Stock Repurchase Program
NOV 13, 2020 - CBOA Financial, Inc. Reports Consolidated Earnings of $457,000 in 3Q 2020
AUG 13, 2020 - CBOA Financial, Inc. Reports Consolidated Earnings of $395,000 in 2Q 2020
MAY 27, 2020 - CBOA Financial, Inc. Reports Consolidated Earnings of $371,000 in 1Q 2020
FEB 18, 2020 - Commerce Bank of Arizona President John P. Lewis Announces His Retirement
JAN 22, 2020 - Letter of Succession
Stock Quote
CBOA Financial (parent company of Commerce Bank of Arizona) has listed its stock on the OTC Market, an over-the-counter market making platform for lightly traded stocks. The stock trades under the following stock symbol: CBOF. To obtain a quote, please go to: https://www.otcmarkets.com/stock/CBOF/quote.
Selling/Buying CBOF Stock and Market Makers
The Bank has identified the following securities firms which specialize in moving community bank stock. You can contact any of the following if you are interested in selling or buying CBOF stock.
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JWTT Inc. |
Raymond James & Associates |
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Joey Warmenhoven or Tom Thiel [email protected] or [email protected] |
John Thomas Cavender |
Stock Transfer & Warrant Agent
The Bank has engaged an outside vendor to act on behalf of the Bank as our stock transfer agent as well as our warrant agent. Continental Stock Transfer Agency maintains shareholder records for all CBOF shareholders. Your account may be managed online via shareholder relations at https://www.continentalstock.com/shareholder-information/ where you will be able to view account details, update information, and process various transactions, including warrant transactions.
Continental Stock Transfer & Trust Company
1 State Street, 30th Floor
New York NY 10004-1561
(212) 509-4000 / (800) 509-5586
Call Report Data
Consolidated Reports of Condition and Income (a "Call Report") are filed each calendar quarter by every national bank, state member bank, insured state non-member bank and savings association. This report is available to the public and includes individual performance statistical data and risk profiles plus industry wide data. When searching for Call Reports utilize: https://cdr.ffiec.gov/public/.
Financial Performance
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Period Ended |
YE 2019 |
YE 2020 |
YE 2021 |
YE 2022 |
YE 2023 |
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Balance Sheet (000's) |
|
|
|||
|
Total Assets |
$237,943 |
$355,511 |
$344,630 |
$370,251 |
$433,758 |
|
Total Net Loans |
$171,007 |
$240,016 |
$227,380 |
$277,304 |
$320,774 |
|
Total Deposits |
$207,519 |
$304,160 |
$305,694 |
$306,287 |
$339,799 |
|
Total Equity |
$ 26,102 |
$ 29,719 |
$ 33,292 |
$ 32,838 |
$ 36,862 |
|
Balance Sheet Ratio (%) |
|
|
|||
|
Loans/Deposits |
86% |
79% |
74% |
92% |
96% |
|
Capital Adequacy (%) |
|
|
|||
|
Common Equity Tier 1 Capital (CET1) Ratio |
13.71% |
12.96% |
12.62% |
11.58% |
11.44% |
|
Tier 1 Leverage Ratio |
11.07% |
8.36% |
9.87% |
10.31% |
10.18% |
|
Tier 1 Capital Ratio |
13.71% |
12.96% |
12.62% |
11.58% |
11.44% |
|
Total Capital Ratio |
14.97% |
14.21% |
13.87% |
12.67% |
12.49% |
|
Book Value per Share (Consolidated) |
$ 2.75 |
$ 2.81 |
$ 3.12 |
$ 2.84 |
$ 3.15 |
|
Profitability (%) |
|
|
|||
|
Net Income (000's) |
$ 2,149 |
$ 2,942 |
$ 2,632 |
$ 3,646 |
$ 3,269 |
|
ROA |
0.93% |
1.89% |
0.76% |
1.01% |
0.84% |
|
ROE |
8.51% |
21.54% |
8.51% |
11.59% |
9.41% |
|
Net Interest Margin |
4.58% |
3.73% |
4.01% |
4.32% |
4.31% |
|
Efficiency Ratio |
81% |
115% |
69% |
69% |
74% |