Community Heritage Financial, Inc. Repositions Investment Portfolio
Community Heritage Financial sold $73.3 million in lower-yielding investment securities, recognizing an after-tax loss of $3.9 million. The company used proceeds to buy $68.0 million in higher-yielding assets, expecting a 13 basis point boost to net interest margin and $1.1 million in annual net income.
Key figures
- New yield
- 5.10%
- Old yield
- 2.73%
- After tax loss
- 3900000
- Equity decline
- 4800000
- Nim improvement bps
- 13
- Annual net income add
- 1100000
- Earn back period years
- 3.6
- Tce tca ratio decline bps
- 42
- Regulatory capital decline
- 3900000
- Securities purchased value
- 68000000
- Securities sold book value
- 73300000
- Tangible book value decline
- 1.64
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.