The three months ended Sep. 30, 2019 represented a return on average common equity of 10.77 percent compared to 10.82 percent for the three month period ended Sept. 30, 2018. The three months ended Sept. 30, 2019, represented a return on average assets of 1.18 percent compared to 1.13 percent for the three month period ended Sept. 30, 2018, said the news release from Crossroads Bank.

The allowance for loan losses as a percentage of gross loans receivable was 1.34 percent on Sept. 30, 2019 compared to 1.35 percent on Jun. 30, 2019. Nonperforming assets were $4,003,000 at Sept. 30, 2019 compared to $3,693,000 at Jun. 30, 2019.

As of Sept. 30, 2019, FFWC’s equity-to-assets ratio was 10.89 percent compared to 10.79 percent on June 30, 2019. Total assets at Sept. 30, 2019 were $419,048,000 compared to $414,517,000 at June 30, 2019. Shareholders’ equity was $45,615,000 at Sept. 30, 2019 compared to $44,738,000 at Jun. 30, 2019. Crossroads Bank exceeds all applicable regulatory requirements to be considered “well-capitalized,” said the news release.