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Capitol Federal Financial, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
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The decreases in net interest income and net interest margin were due mainly to a decrease in asset yields, along with a change in asset mix as cash flows from the loan portfolio have been used to purchase lower yielding securities, partially offset by a decrease in the cost of deposits and borrowings.
During the latter portion of the current year, the pace of loan refinance and payoff activity slowed, resulting in lower premium amortization related to correspondent one- to four-family loans compared to earlier in the year, and there was a reduction in the purchases of lower-yielding securities as cash flows from the loan and deposit portfolios slowed, all of which helped stabilize the net interest margin.
If actual results differ significantly from our assumptions, our ACL and reserve for off-balance sheet credit exposures may not be sufficient to cover inherent losses in our loan portfolio, resulting in additions to our ACL and an increase in the provision for credit losses.
The Bank offers a variety of secured consumer loans, including home equity loans and lines of credit, home improvement loans, vehicle loans, and loans secured by savings deposits.
The increase in deposit service fees was due primarily to an increase in debit card income as a result of higher transaction volume.
The decrease in interest expense...Read more
The increase in insurance commissions...Read more
The decrease in interest income...Read more
The negative provision for credit...Read more
Loans Receivable and Allowance for...Read more
The effective tax rate was...Read more
The net interest margin decreased...Read more
A higher value indicates that...Read more
Additionally, cash flows from the...Read more
The following table presents the...Read more
Loans Receivable and Allowance for...Read more
The following table presents the...Read more
The following table presents the...Read more
The ACL and the reserves...Read more
The decrease in the net...Read more
The increase in income tax...Read more
Changes in the macro-economic forecast,...Read more
Net interest income decreased $14.3...Read more
Management anticipates the effective income...Read more
Cash flows from deposit growth...Read more
The maturities of these long-term...Read more
Various modeling techniques are used...Read more
The 2021 true-up dividend amount...Read more
The ACL to nonaccrual loans...Read more
The decrease in interest expense...Read more
The decrease in interest income...Read more
The decrease in interest income...Read more
The Bank's primary sources of...Read more
(3)The average balance of investment...Read more
The increase in the efficiency...Read more
The increase in net income...Read more
Cash flows from the deposit...Read more
Despite the negative gap, net...Read more
On October 19, 2021, the...Read more
The fixed-rate characteristics of these...Read more
While scheduled payments from the...Read more
The amount of FHLB borrowings...Read more
The Bank may be required...Read more
The effective rate is shown...Read more
(3)For home equity loans, including...Read more
The cash flows are discounted...Read more
As of September 30, 2021,...Read more
We have observed very low...Read more
The cash true-up dividend is...Read more
The cash dividends paid during...Read more
The Bank may enter into...Read more
At September 30, 2021, potential...Read more
These borrowings are laddered in...Read more
The increase in the federal...Read more
One- to Four-Family Loans -...Read more
We anticipate we will continue...Read more
The decrease in interest expense...Read more
Such qualitative factors may include...Read more
The $0.22 per share cash...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Capitol Federal Financial, Inc. provided additional information to their SEC Filing as exhibits
Ticker: CFFN
CIK: 1490906
Form Type: 10-K Annual Report
Accession Number: 0001490906-21-000065
Submitted to the SEC: Wed Nov 24 2021 3:10:12 PM EST
Accepted by the SEC: Wed Nov 24 2021
Period: Thursday, September 30, 2021
Industry: Savings Institution Federally Chartered