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Recent Press Releases

2020 Q2 Earnings Press Release

Letter from the President

CBOA Financial, Inc. Reports Consolidated Earnings of $371,000 in 1Q 2020

CBOA Financial, Inc. Reports Consolidated Earnings of $445,000 in 4Q 2019 and a Net Interest Margin of 4.43%

Commerce Bank of Arizona President John P. Lewis announces his retirement

2019 Q3 Shareholder Letter

2019 Q2 Shareholder Letter

Succession Letter

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.

JWTT Inc.

Raymond James & Associates

 Joey Warmenhoven or Tom Thiel
971-323-0700

[email protected] or [email protected]
1231 NW Hoyt St, Suite 206
Portland, OR 97209

John Thomas Cavender              
Senior Vice President
(415) 616-8935
[email protected]
1 Embarcadero Center
Suite 650
San Francisco, CA 94111

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

Period Ended

YTD JUNE 2020

YE  2019

YE 2018

YE 2017

YE 2016

YE 2015

Balance Sheet (000s)

Total Assets

$315,157

$251,412

$211,322

$189,540

$174,345

$173,525

Total Net Loans

$237,988

$178,120

$173,322

$156,649

$147,530

$138,136

Total Deposits

268,836

$221,032

$176,358

$162,288

$157,581

$158,610

Total Equity

$27,666

$25,827

$24,021

$22,057

$11,575

$10,931

Balance Sheet Ratio (%)

Loans / Deposits

91%

81%

98%

97%

94%

87%

Capital Adequacy (%)

Common Equity Tier 1 Capital (CET1) Ratio

13.40%

12.97%

13.21%

13.60%

7.49%

7.35%

Tier 1 Leverage Ratio

9.22%

11.06%

11.61%

11.80%

6.72%

6.34%

Tier 1 Capital Ratio

13.40%

12.97%

13.21%

13.6%

7.49%

7.35%

Total Capital Ratio

14.65%

14.22%

14.46%

14.86%

8.75%

8.62%

Book Value per Share

$2.81

$2.65

$2.43

$2.21

$2.13

$1.97

Profitability (%) - YTD

Net Income (000s)

$885

$1,642

$1,921

$1,000

$536

($271)

ROA

0.66%

0.96%

0.96%

0.55%

0.31%

-0.16%

ROE

6.55%

8.75%

8.34%

5.70%

4.79%

-2.84%

Net Interest Margin

4.45%

4.62%

4.91%

4.59%

4.59%

4.59%

Efficiency Ratio

92%

82%

84%

88%

98%

109%