BNCCorp Inc
OTCQX US Premier:BNCC

  • LAST PRICE
    23.2000
  • TODAY'S CHANGE (%)
    0.2600 (1.1334%)
  • Bid / Lots
    ---/ ---
  • Ask / Lots
    ---/ ---
  • Open / Previous Close
    23.0000 / 22.9400
  • Day Range
    23.0000
    23.2000
  • 52 Week Range
    20.1025
    29.1500
  • Volume
    1,820

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  • May 3, 2024

      Show headlines and story abstract

    • 7:02AM ET on Friday May 03, 2024 by MT Newswires
      Companies Mentioned: BNCC
      07:02 AM EDT, 05/03/2024 (MT Newswires) -- ...

    • 7:00AM ET on Friday May 03, 2024 by PR Newswire
      Companies Mentioned: BNCC

      Highlights

      -- Net income during the first quarter of 2024 increased $267 thousand, or 18.1%, to $1.7 million, or $0.49 per diluted share, from $1.5 million, or $0.41 per diluted share, in the 2023 period.

    • 7:00AM ET on Friday May 03, 2024 by Dow Jones
      Companies Mentioned: BNCC
      ====== ====== Net Interest Spread 2.90 % 3.67 % ======= ======= Net Interest Margin 3.52 % 3.97 % ======= ======= For the Quarter Ended March 31, ------------------ (In thousands) 2024 2023 OTHER AVERAGE BALANCES Total assets $952,223 $916,631 Core deposits 821,664 791,970 Total equity 103,816 102,774 KEY RATIOS Return on average common stockholders' equity (a) 6.12 % 5.26 % Return on average assets (b) 0.74 % 0.65 % Efficiency ratio (Consolidated) 73.50 % 82.06 % Efficiency ratio (Bank) 69.57 % 78.96 % (a) Return on average common stockholders' equity is calculated by using net income as the numerator and average common equity (less accumulated other comprehensive income (loss)) as the denominator. (b) Return on average assets is calculated by using net income as the numerator and average total assets as the denominator. BNCCORP, INC CONSOLIDATED FINANCIAL DATA (Unaudited) As of ---------------------------------------- March 31, December 31, March 31, (In thousands) 2024 2023 2023 ----------- ASSET QUALITY Loans 90 days or more delinquent and accruing interest $ 882 $ 832 $ - Non-accrual loans 2,551 2,519 1,469 ------- ---------- ------- Total nonperforming loans $ 3,433 $ 3,351 $ 1,469 Repossessed assets, net 49 33 64 ------- ---------- ------- Total nonperforming assets $ 3,482 $ 3,384 $ 1,533 ======= ========== ======= Allowance for credit losses $ 9,463 $ 9,284 $ 8,936 ======= ========== ======= Ratio of total nonperforming loans to total loans 0.51 % 0.50 % 0.22 % Ratio of total nonperforming assets to total assets 0.38 % 0.35 % 0.17 % Ratio of nonperforming loans to total assets 0.37 % 0.35 % 0.16 % Ratio of allowance for credit losses to loans held for investment 1.40 % 1.39 % 1.42 % Ratio of allowance for credit losses to total loans 1.40 % 1.39 % 1.33 % Ratio of allowance for credit losses to nonperforming loans 276 % 277 % 608 % For the Quarter Ended March 31, -------------------- (In thousands) 2024 2023 Changes in Nonperforming Loans: Balance, beginning of period $ 3,351 $ 1,355 Additions to nonperforming 966 211 Charge-offs (1) (7) Reclassified back to performing (832) (1) Principal payments received (33) (74) Transferred to repossessed assets (18) (15) Balance, end of period $ 3,433 $ 1,469 ======= ====== BNCCORP, INC CONSOLIDATED FINANCIAL DATA (Unaudited) For the Quarter Ended March 31, ---------------------- (In thousands) 2024 2023 --------------------------------------------- ---------- ---------- Changes in Allowance for Credit Losses: Balance, beginning of period $ 9,459 $ 8,831 Cumulative effect of CECL adoption - 125 Provision 215 240 Loans charged off (55) (57) Loan recoveries 4 6 --------- --------- Balance, end of period $ 9,623 $ 9,145 ========= ========= Components: Allowance for loan losses $ 9,463 $ 8,936 Allowance for unfunded commitments $ 160 $ 209 Ratio of net charge-offs to average total loans (0.008) % (0.008) % Ratio of net charge-offs to average total loans, annualized (0.030) % (0.031) % As of ---------------------------------------- March 31, December 31, March 31, (In thousands) 2024 2023 2023 ----------- CREDIT CONCENTRATIONS North Dakota Commercial and industrial $ 61,700 $ 62,019 $ 61,169 Construction 3,187 5,247 16,636 Agricultural 34,013 35,220 27,559 Land and land development 8,042 7,992 6,312 Owner-occupied commercial real estate 35,872 35,260 33,828 Commercial real estate 135,325 135,858 124,686 Small business administration 19,036 18,046 18,194 Consumer 88,043 88,066 80,288 ------- ---------- ------- Subtotal gross loans held for investment $ 385,218 $ 387,708 $ 368,672 ------- ---------- ------- Consolidated Commercial and industrial $ 94,357 $ 93,949 $ 96,383 Construction 14,447 21,648 28,923 Agricultural 36,514 37,720 27,609 Land and land development 10,165 8,416 8,082 Owner-occupied commercial real estate 86,237 84,386 76,215 Commercial real estate 251,370 245,939 241,313 Small business administration 72,120 63,836 53,360 Consumer 111,584 111,872 97,418 ------- ---------- ------- Total gross loans held for investment $ 676,794 $ 667,766 $ 629,303 ------- ---------- -------

    • 7:00AM ET on Friday May 03, 2024 by Dow Jones
      Companies Mentioned: BNCC
      ====== ====== Net Interest Spread 2.90 % 3.67 % ======= ======= Net Interest Margin 3.52 % 3.97 % ======= ======= For the Quarter Ended March 31, ------------------ (In thousands) 2024 2023 OTHER AVERAGE BALANCES Total assets $952,223 $916,631 Core deposits 821,664 791,970 Total equity 103,816 102,774 KEY RATIOS Return on average common stockholders' equity (a) 6.12 % 5.26 % Return on average assets (b) 0.74 % 0.65 % Efficiency ratio (Consolidated) 73.50 % 82.06 % Efficiency ratio (Bank) 69.57 % 78.96 % (a) Return on average common stockholders' equity is calculated by using net income as the numerator and average common equity (less accumulated other comprehensive income (loss)) as the denominator. (b) Return on average assets is calculated by using net income as the numerator and average total assets as the denominator. BNCCORP, INC CONSOLIDATED FINANCIAL DATA (Unaudited) As of ---------------------------------------- March 31, December 31, March 31, (In thousands) 2024 2023 2023 ----------- ASSET QUALITY Loans 90 days or more delinquent and accruing interest $ 882 $ 832 $ - Non-accrual loans 2,551 2,519 1,469 ------- ---------- ------- Total nonperforming loans $ 3,433 $ 3,351 $ 1,469 Repossessed assets, net 49 33 64 ------- ---------- ------- Total nonperforming assets $ 3,482 $ 3,384 $ 1,533 ======= ========== ======= Allowance for credit losses $ 9,463 $ 9,284 $ 8,936 ======= ========== ======= Ratio of total nonperforming loans to total loans 0.51 % 0.50 % 0.22 % Ratio of total nonperforming assets to total assets 0.38 % 0.35 % 0.17 % Ratio of nonperforming loans to total assets 0.37 % 0.35 % 0.16 % Ratio of allowance for credit losses to loans held for investment 1.40 % 1.39 % 1.42 % Ratio of allowance for credit losses to total loans 1.40 % 1.39 % 1.33 % Ratio of allowance for credit losses to nonperforming loans 276 % 277 % 608 % For the Quarter Ended March 31, -------------------- (In thousands) 2024 2023 Changes in Nonperforming Loans: Balance, beginning of period $ 3,351 $ 1,355 Additions to nonperforming 966 211 Charge-offs (1) (7) Reclassified back to performing (832) (1) Principal payments received (33) (74) Transferred to repossessed assets (18) (15) Balance, end of period $ 3,433 $ 1,469 ======= ====== BNCCORP, INC CONSOLIDATED FINANCIAL DATA (Unaudited) For the Quarter Ended March 31, ---------------------- (In thousands) 2024 2023 --------------------------------------------- ---------- ---------- Changes in Allowance for Credit Losses: Balance, beginning of period $ 9,459 $ 8,831 Cumulative effect of CECL adoption - 125 Provision 215 240 Loans charged off (55) (57) Loan recoveries 4 6 --------- --------- Balance, end of period $ 9,623 $ 9,145 ========= ========= Components: Allowance for loan losses $ 9,463 $ 8,936 Allowance for unfunded commitments $ 160 $ 209 Ratio of net charge-offs to average total loans (0.008) % (0.008) % Ratio of net charge-offs to average total loans, annualized (0.030) % (0.031) % As of ---------------------------------------- March 31, December 31, March 31, (In thousands) 2024 2023 2023 ----------- CREDIT CONCENTRATIONS North Dakota Commercial and industrial $ 61,700 $ 62,019 $ 61,169 Construction 3,187 5,247 16,636 Agricultural 34,013 35,220 27,559 Land and land development 8,042 7,992 6,312 Owner-occupied commercial real estate 35,872 35,260 33,828 Commercial real estate 135,325 135,858 124,686 Small business administration 19,036 18,046 18,194 Consumer 88,043 88,066 80,288 ------- ---------- ------- Subtotal gross loans held for investment $ 385,218 $ 387,708 $ 368,672 ------- ---------- ------- Consolidated Commercial and industrial $ 94,357 $ 93,949 $ 96,383 Construction 14,447 21,648 28,923 Agricultural 36,514 37,720 27,609 Land and land development 10,165 8,416 8,082 Owner-occupied commercial real estate 86,237 84,386 76,215 Commercial real estate 251,370 245,939 241,313 Small business administration 72,120 63,836 53,360 Consumer 111,584 111,872 97,418 ------- ---------- ------- Total gross loans held for investment $ 676,794 $ 667,766 $ 629,303 ------- ---------- -------

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