
Amid crisis and cost cutting fatigue, Europeans splash out on comfort and indulgence
LONDON, June 12, 2025 /PRNewswire/ — Despite continuing to be frugal with everyday purchases, European shoppers are splashing out on joy – turning to mood-boosting foods, stress releasing toys, and nourishing beauty products – for comfort amid a backdrop of global conflicts, climate concerns, and ongoing economic pressures that now shape daily life.
Circana's latest report, Eat Play Love, reveals that consumers across Europe are prioritising purchases that give them more control over their lives and offer 'mini moments of bliss.' The data, drawn from Circana's extensive coverage of European food retail, foodservice, prestige beauty, and toys, shows a striking shift toward self-soothing consumption.
As European consumers become more selective about what they buy, they are channelling their money into luxury experiences, products and brands that deliver clear value, meaning or emotional return. Sales of high-protein snacks, restaurant quality dining at home, mood-boosting fragrances, and stress-relieving toys are all in demand as consumer look at new ways to support their health and wellbeing.
'Long-held ideas about value and necessity are being rewritten as consumers reassess how they eat, play and look after themselves and their loved ones,' said Anne Haine, European Head of Consumer Packaged Goods at Circana. 'Brands that win in 2025 are those that understand this new consumer mindset – practical yet emotional, cautious yet indulgent.'
The Eat Play Love report highlights more than 15 shifts and changes in tastes and preferences as Europeans re-evaluate what they truly want and need when it comes to eating, playing and loving themselves, including:
EAT:
Bite sized is the new normal as food is snackified: Snacks are no longer just eaten between meals, but alongside, and instead of, a traditional breakfast, lunch or dinner. 13% of Europeans say they eat snacks instead of a main meal and 28% consume them alongside. 4 out of 10 snack products consumed outside the home are now eaten at lunch or dinner. Nearly three-quarters of consumers snack while watching TV or browsing online, with almost half viewing it as a form of self-care. Spend on 'snacking meals' is up 4.5% in foodservice outlets and up 9.6% in retail foodservice (a combined total of €64 billion).
Restaurant quality dining at home: Consumers are blending delivery with at-home extras, for example, transforming a €120 restaurant meal into a curated experience costing less than half the price, while preserving a lot of the same enjoyment. Delivery continues to fare well even as cost-of-living pressures increase – with spend rising to €29bn in 2024 (up from €26bn in 2023).
Doggy bags go mainstream: 20% of European consumers now take leftovers home – citing saving money as the main motivation for requesting a doggy bag, but the desire to reduce food waste also plays a role (20% of restaurant guests see taking leftovers home as an act of sustainability; a further 19% would like to see leftovers donated to charities).
'It's not about spending more or less, but spending better and in ways consumers can control themselves: buying fewer goods, planning purchases more carefully and avoiding food waste,' said Ananda Roy, Senior Vice President of Strategic Insights, Europe at Circana.
'The desire for greater control goes beyond ingredients,' said Edurne Uranga, Vice President Foodservice Europe, Circana. 'Consumers are watching their spending, asking for doggy bags and planning meals carefully. This isn't just budgeting. It's a form of empowerment.'
PLAY:
Toys provide stress relief for big kids and little grown-ups. Play is now about emotional release and creative fulfilment, whether it's intricate Lego Botanical sets, Jellycat plushies or Pokémon cards, consumers are splashing out on toys that bring out their inner child. Toys for ages 12+ now make up 31% of all European toy sales, worth €4.6bn in sales – double their share a decade ago. If growth continues apace, by 2034 nearly 40% of all toys sold in Europe will be toys for teens and adults.
The rise of second hand toys and bargains. Parents are becoming more careful with what – and how much – they buy amid concern about the cost of living and the desire to be less consumerist. While toy sales are down, second-hand buying is on the rise. 51% of European consumers said they bought 'pre-loved' toys last year and the percentage keeps increasing. Many consumers are looking for a bargain when buying toys, and online marketplaces like Temu and Shein are booming as a result. 32% of European consumers say they bought a toy from a Chinese marketplace at least once during the second half of 2024. For 18-to-34- year-olds, it's 58%.
Spending precious time together, away from screens. In the age of 'brain rot' and 'zombie scrolling', Europeans of all ages are rediscovering board games as an antidote to excessive screen use. Whether it's trading cards, jigsaw puzzles or spending the weekend in a board games café, consumers are turning to games for a much-needed opportunity to take a digital detox through play. Sales of card games were up 12% in 2024 and adult games increased by a staggering 22%. Games sales overall reached €1.844 billion in the region.
'In a world full of stress and uncertainty, play gives consumers essential moments of joy. As a critical act of self-care, playing with toys helps adults and their children unplug, recharge and self-soothe,' said Frédérique Tutt, Global Industry Advisor for Toys at Circana.
LOVE:
Fragrance is lifting moods. As a confidence booster or a means of relaxation, smelling nice is essential to many consumers' sense of wellbeing. Sales of fragrances costing €150 or more were up 32% in 2024 to €653 million (compared to +8% growth for total fragrance). The lower end of the market is also doing well as budget-conscious shoppers look for more affordable alternatives; sales of body sprays doubled in 2024.
The new lipstick index. Buying a lipstick used to be the continent's favourite makeup buy during times of uncertainty. However, today's consumers – especially younger ones – favour glow-boosting products such as tinted moisturisers, concealers, setting sprays, and powders – often with added skincare benefits.
Food-inspired comfort beauty. From 'glazed-doughnut' skin and 'butter yellow' nails to 'cherry cola' lips, food language and aesthetics have influenced the beauty sector for some time and there is no slowdown in consumer appetite for mouth-watering beauty treats. Food-inspired beauty taps into consumers' connection with, and memories of, food in a powerful way, feeding the senses and nostalgia.
'Beauty is no longer just about appearance, it's an emotional pick-me-up that people reach for daily,' said Mathilde Lion, Chief Beauty Analyst, Europe at Circana. 'Niche scents, premium haircare products and makeup with innovative textures are just some of the examples. Fueled by social media, beauty trends are evolving at break-neck speeds but there is no doubt that this focus on wellness and self-love is rewriting the European beauty playbook and set to continue well into 2025.'
About Circana
Circana is a leader in providing technology, AI, and data to fast-moving consumer packaged goods companies, durables manufacturers, and retailers seeking to optimize their businesses. Circana's predictive analytics and technology empower clients to measure their market share, understand the underlying consumer behaviour driving it, and accelerate their growth. Circana's Liquid Data® technology platform is powered by an expansive, high-quality data set and intelligent algorithms trained on six decades of domain expertise. With Circana, clients can take immediate action to future-proof and evolve their growth strategies amid an increasingly complex, fast-paced, and ever-changing economy. Learn more at circana.com.
Eat Play Love methodology
This report leverages Circana's extensive coverage of European food retail, foodservice, prestige beauty, and toys covering sales of consumer goods across hundreds of categories, billions of SKUs across five European countries including the UK, France, Italy, Spain and Germany. Food retail covers six countries with additional data from The Netherlands. Consumer survey data is also included.
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For further information, please contact: Teresa Horscroft at Eureka Communications +44 (0)1420 564346teresa@eurekacomms.co.uk

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Capital ratios remain strong with a Community Bank Leverage Ratio of 15.69% at June 30, 2025 compared to 13.96% at December 31,2024. About Broadway Financial Corporation Broadway Financial Corporation operates through its wholly-owned banking subsidiary, City First Bank, National Association, which is a leading mission-driven bank that serves low-to-moderate income communities within urban areas in Southern California and the Washington, D.C. market. City First Bank offers a variety of commercial real estate loan products, services, and depository accounts that support investments in affordable housing, small businesses, and nonprofit community facilities located within low-to-moderate income neighborhoods. City First Bank is a Community Development Financial Institution, Minority Depository Institution, Certified B Corp, and a member of the Global Alliance of Banking on Values. The Bank and the City First network of nonprofits, City First Enterprises, Homes By CFE, and City First Foundation, represent the City First branded family of community development financial institutions, which offer a robust lending and deposit platform. Contacts Investor RelationsZack Ibrahim, Chief Financial Officer, (202) Cautionary Statement Regarding Forward-Looking Information This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations or financial condition, business strategy and plans and objectives of management for future operations and capital allocation and structure, are forward-looking statements. Forward‑looking statements typically include the words 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue,' 'poised,' 'optimistic,' 'prospects,' 'ability,' 'looking,' 'forward,' 'invest,' 'grow,' 'improve,' 'deliver' and similar expressions, but the absence of such words or expressions does not mean a statement is not forward-looking. These forward‑looking statements are subject to risks and uncertainties, including those identified below, which could cause actual future results to differ materially from historical results or from those anticipated or implied by such statements. The following factors, among others, could cause future results to differ materially from historical results or from those indicated by forward‑looking statements included in this press release: (1) the level of demand for mortgage and commercial loans, which is affected by such external factors as general economic conditions, market interest rate levels, tax laws, and the demographics of our lending markets; (2) the direction and magnitude of changes in interest rates and the relationship between market interest rates and the yield on our interest‑earning assets and the cost of our interest‑bearing liabilities; (3) the rate and amount of loan losses incurred and projected to be incurred by us, increases in the amounts of our nonperforming assets, the level of our loss reserves and management's judgments regarding the collectability of loans; (4) changes in the regulation of lending and deposit operations or other regulatory actions, whether industry-wide or focused on our operations, including increases in capital requirements or directives to increase allowances for loan losses or make other changes in our business operations; (5) legislative or regulatory changes, including those that may be implemented by the current administration in Washington, D.C. and the Federal Reserve Board; (6) possible adverse rulings, judgments, settlements and other outcomes of litigation; (7) actions undertaken by both current and potential new competitors; (8) the possibility of adverse trends in property values or economic trends in the residential and commercial real estate markets in which we compete; (9) the effect of changes in general economic conditions; (10) the effect of geopolitical uncertainties; (11) the impact of health crises on our future financial condition and operations; (12) the impact of any volatility in the banking sector due to the failure of certain banks due to high levels of exposure to liquidity risk, interest rate risk, uninsured deposits and cryptocurrency risk; and (13) other risks and uncertainties. All such factors are difficult to predict and are beyond our control. Additional factors that could cause results to differ materially from those described above can be found in our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K or other filings made with the SEC and are available on our website at and on the SEC's website at Forward-looking statements in this press release speak only as of the date they are made, and we undertake no obligation, and do not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except to the extent required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The following table sets forth the consolidated statements of financial condition as of June 30, 2025 and December 31, 2024. BROADWAY FINANCIAL CORPORATION Consolidated Statements of Financial Condition (In thousands, except share and per share amounts) June 30, 2025 December 31, 2024 (Unaudited) Assets: Cash and due from banks $ 1,955 $ 2,255 Interest-bearing deposits in other banks 27,559 59,110 Cash and cash equivalents 29,514 61,365 Securities available-for-sale, at fair value (amortized cost of $190,030 and $219,658) 177,977 203,862 Loans receivable held for investment, net of allowance of $8,582 and $8,103 957,293 968,861 Accrued interest receivable 5,109 5,001 Federal Home Loan Bank (FHLB) stock 3,761 9,637 Federal Reserve Bank (FRB) stock 3,543 3,543 Office properties and equipment, net 8,721 8,899 Bank owned life insurance 3,343 3,321 Deferred tax assets, net 8,268 8,803 Core deposit intangible, net 1,618 1,775 Goodwill 25,858 25,858 Other assets 2,387 2,786 Total assets $ 1,227,392 $ 1,303,711 Liabilities and stockholders' equity Liabilities: Deposits $ 798,922 $ 745,399 Securities sold under agreements to repurchase 63,786 66,610 Borrowings 69,217 195,532 Accrued expenses and other liabilities 9,712 10,794 Total liabilities 941,637 1,018,335 Stockholders' equity: Non-Cumulative Redeemable Perpetual Preferred stock, Series C; authorized 150,000 shares at June 30, 2025 and December 31, 2024; issued and outstanding 150,000 shares at June 30, 2025 and December 31, 2024; liquidation value $1,000 per share 150,000 150,000 Common stock, Class A, $0.01 par value, voting; authorized 75,000,000 shares at June 30, 2025 and December 31, 2024; issued 6,425,001 shares at June 30, 2025 and 6,349,455 shares at December 31, 2024; outstanding 6,097,773 shares at June 30, 2025 and 6,022,227 shares at December 31, 2024 64 63 Common stock, Class B, $0.01 par value, non-voting; authorized 15,000,000 shares at June 30, 2025 and December 31, 2024; issued and outstanding 1,425,574 shares at June 30, 2025 and December 31, 2024 14 14 Common stock, Class C, $0.01 par value, non-voting; authorized 25,000,000 shares at June 30, 2025 and December 31, 2024; issued and outstanding 1,672,562 at June 30, 2025 and December 31, 2024 17 17 Additional paid-in capital 143,266 142,902 Retained earnings 10,156 12,911 Unearned Employee Stock Ownership Plan (ESOP) shares (4,089) (4,201) Accumulated other comprehensive loss, net of tax (8,557) (11,223) Treasury stock-at cost, 327,228 shares at June 30, 2025 and at December 31, 2024 (5,326) (5,326) Total Broadway Financial Corporation and Subsidiary stockholders' equity 285,545 285,157 Non-controlling interest 210 219 Total liabilities and stockholders' equity $ 1,227,392 $ 1,303,711 The following table sets forth the consolidated statements of operations for the three and six months ended June 30, 2025 and 2024. BROADWAY FINANCIAL CORPORATION Consolidated Statements of Operations (In thousands, except share and per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Interest income: Interest and fees on loans receivable $ 12,658 $ 12,179 $ 25,348 $ 23,308 Interest on available-for-sale securities 1,171 1,876 2,379 3,951 Other interest income 401 1,433 877 3,022 Total interest income 14,230 15,488 28,604 30,281 Interest expense: Interest on deposits 4,879 3,086 9,078 5,885 Interest on borrowings 1,596 4,484 3,726 8,954 Total interest expense 6,475 7,570 12,804 14,839 Net interest income 7,755 7,918 15,800 15,442 (Recapture of) provision for credit losses (266) 494 423 754 Net interest income after (recapture of) provision for credit losses 8,021 7,424 15,377 14,688 Non-interest income: Service charges 41 38 84 78 Grants 105 – 131 – Other 209 235 428 501 Total non-interest income 355 273 643 579 Non-interest expense: Compensation and benefits 4,412 4,469 9,696 8,866 Occupancy expense 485 432 1,025 867 Information services 775 663 1,480 1,370 Professional services 787 563 1,488 1,973 Advertising and promotional expense 61 63 107 91 Supervisory costs 156 216 349 393 Corporate insurance 66 64 133 125 Amortization of core deposit intangible 79 84 157 168 Operational loss – – 1,943 – Other expense 701 726 1,341 1,237 Total non-interest expense 7,522 7,280 17,719 15,090 Income (loss) before income taxes 854 417 (1,699) 177 Income tax expense (benefit) 257 146 (435) 89 Net income (loss) $ 597 $ 271 $ (1,264) $ 88 Less: Net (loss) income attributable to non-controlling interest (6) 2 (9) (17) Net income (loss) attributable to Broadway Financial Corporation $ 603 $ 269 $ (1,255) $ 105 Less: Preferred stock dividends 750 – 1,500 – Net (loss) income attributable to common stockholders $ (147) $ 269 $ (2,755) $ 105 (Loss) earnings per common share-basic $ (0.02) $ 0.03 $ (0.32) $ 0.01 (Loss) earnings per common share-diluted $ (0.02) $ 0.03 $ (0.32) $ 0.01 The following tables set forth the average balances, average yields and costs for the periods indicated. All average balances are daily average balances. The yields set forth below include the effect of deferred loan fees, and discounts and premiums that are amortized or accreted to interest income or expense. For the Three Months Ended June 30, 2025 June 30, 2024 (Dollars in thousands) (Unaudited) Average Balance Interest Average Yield Average Balance Interest Average Yield Assets Interest-earning assets: Interest-earning deposits $ 24,132 $ 266 4.42 % $ 88,294 $ 1,189 5.42 % Securities 182,351 1,171 2.58 % 276,457 1,876 2.73 % Loans receivable (1) 968,028 12,658 5.24 % 943,072 12,179 5.19 % FRB and FHLB stock (2) 7,473 135 7.25 % 13,835 244 7.09 % Total interest-earning assets 1,181,984 $ 14,230 4.83 % 1,321,658 $ 15,488 4.71 % Non-interest-earning assets 49,786 53,207 Total assets $ 1,231,770 $ 1,375,165 Liabilities and Stockholders' Equity Interest-bearing liabilities: Money market deposits $ 133,930 $ 336 1.01 % $ 274,915 $ 1,623 2.37 % Savings deposits 46,762 61 0.52 % 57,684 102 0.71 % Interest checking and other demand deposits 251,146 1,975 3.15 % 73,853 166 0.90 % Certificate accounts 270,424 2,507 3.72 % 163,237 1,195 2.94 % Total deposits 702,262 4,879 2.79 % 569,689 3,086 2.18 % Borrowings 72,962 710 3.90 % 209,261 2,593 4.98 % Bank Term Funding Program borrowing – – – % 100,000 1,210 4.87 % Other borrowings 69,722 886 5.10 % 74,523 681 3.68 % Total borrowings 142,684 1,596 4.49 % 383,784 4,484 4.70 % Total interest-bearing liabilities 844,946 $ 6,475 3.07 % 953,473 $ 7,570 3.19 % Non-interest-bearing liabilities 101,670 139,900 Stockholders' equity 285,154 281,792 Total liabilities and stockholders' equity $ 1,231,770 $ 1,375,165 Net interest rate spread (3) $ 7,755 1.76 % $ 7,918 1.52 % Net interest rate margin (4) 2.63 % 2.41 % Ratio of interest-earning assets to interest-bearing liabilities 139.89 % 138.62 % (1) Amount includes non-accrual loans. (2) FHLB is Federal Home Loan Bank. (3) Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. (4) Net interest rate margin represents net interest income as a percentage of average interest-earning assets. For the Six Months Ended June 30, 2025 June 30, 2024 (Dollars in thousands) (Unaudited) Average Balance Interest Average Yield Average Balance Interest Average Yield Assets Interest-earning assets: Interest-earning deposits $ 26,532 $ 578 4.39 % $ 97,640 $ 2,533 5.22 % Securities 189,368 2,379 2.53 % 290,721 3,951 2.73 % Loans receivable (1) 970,241 25,348 5.27 % 925,443 23,308 5.06 % FRB and FHLB stock (2) 9,320 299 6.47 % 13,777 489 7.14 % Total interest-earning assets 1,195,461 $ 28,604 4.83 % 1,327,581 $ 30,281 4.59 % Non-interest-earning assets 50,061 51,988 Total assets $ 1,245,512 $ 1,379,569 Liabilities and Stockholders' Equity Interest-bearing liabilities: Money market deposits $ 126,557 $ 593 0.94 % $ 272,290 $ 3,065 2.26 % Savings deposits 47,732 129 0.54 % 58,377 204 0.70 % Interest checking and other demand deposits 253,384 3,886 3.09 % 78,772 311 0.79 % Certificate accounts 247,498 4,470 3.64 % 164,319 2,305 2.82 % Total deposits 675,171 9,078 2.71 % 573,758 5,885 2.06 % FHLB advances 106,106 2,239 4.26 % 209,280 5,191 4.99 % Bank Term Funding Program borrowing – – – % 100,000 2,413 4.85 % Other borrowings 73,237 1,487 4.09 % 76,688 1,350 3.45 % Total borrowings 179,343 3,726 4.19 % 385,968 8,954 4.67 % Total interest-bearing liabilities 854,514 $ 12,804 3.02 % 959,726 $ 14,839 3.11 % Non-interest-bearing liabilities 105,111 138,012 Stockholders' equity 285,887 281,831 Total liabilities and stockholders' equity $ 1,245,512 $ 1,379,569 Net interest rate spread (3) $ 15,800 1.80 % $ 15,442 1.48 % Net interest rate margin (4) 2.67 % 2.34 % Ratio of interest-earning assets to interest-bearing liabilities 139.90 % 138.33 % (1) Amount includes non-accrual loans. (2) FHLB is Federal Home Loan Bank. (3) Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. (4) Net interest rate margin represents net interest income as a percentage of average interest-earning assets. BROADWAY FINANCIAL CORPORATION AND SUBSIDIARY Selected Financial Data and Ratios (Unaudited) (Dollars in thousands, except per share data) Three Months Ended Six Months Ended June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 June 30,2025 June 30, 2024 Balance Sheets: Total gross loans 965,875 980,005 976,964 975,315 946,840 965,785 946,840 Allowance for credit losses 8,582 8,774 8,103 8,527 8,104 8,582 8,104 Investment securities 177,977 185,938 203,862 238,489 261,454 177,977 261,454 Total assets 1,227,392 1,238,019 1,303,711 1,373,055 1,367,290 1,227,392 1,367,290 Total deposits 798,922 776,543 745,399 672,248 687,369 798,922 687,369 Total shareholders' equity 285,545 284,581 285,157 286,392 282,293 285,545 282,293 Profitability: Interest income 14,230 14,374 15,762 16,166 15,488 28,604 30,281 Interest expense 6,475 6,329 7,765 7,836 7,570 12,804 14,839 Net interest income 7,755 8,045 7,997 8,330 7,918 15,800 15,442 (Recovery of) provision for credit losses (266) 689 (489) 399 494 423 754 Non-interest income 355 288 560 416 273 643 579 Non-interest expenses 7,522 10,197 7,210 7,594 7,280 17,719 15,090 Income (loss) before income taxes 854 (2,553) 1,836 753 417 (1,699) 177 Income tax expense (benefit) 257 (692) 516 209 146 (435) 89 Net income (loss) 597 (1,861) 1,320 544 271 (1,264) 88 Less: Net (loss) income attributable to non-controlling interest (6) (3) 20 22 2 (9) (17) Net income (loss) attributable to Broadway Financial Corporation 603 (1,858) 1,300 522 269 (1,255) 105 Less: Preferred stock dividends 750 750 750 750 – 1,500 – Net (loss) income attributable to common stockholders (147) (2,608) 550 (228) 269 (2,755) 105 Financial Performance: Return on average assets (annualized) (0.05 %) (0.84 %) 0.16 % (0.07 %) 0.08 % (0.45 %) 0.02 % Return on average equity (annualized) (0.21 %) (3.69 %) 0.77 % (0.32 %) 0.38 % (1.94 %) 0.08 % Net interest margin 2.63 % 2.70 % 2.42 % 2.49 % 2.41 % 2.67 % 2.34 % Efficiency ratio 92.75 % 122.37 % 84.26 % 86.83 % 88.88 % 107.76 % 94.19 % Per Share Data: Book value per share 14.74 14.58 14.82 14.97 14.49 14.74 14.49 Weighted average common shares (basic) 8,622,891 8,547,460 8,459,460 8,520,730 8,394,367 8,557,745 8,308,359 Weighted average common shares (diluted) 8,622,891 8,547,460 8,638,660 8,684,296 8,596,985 8,557,745 8,513,262 Common shares outstanding at end of period 9,195,909 9,231,180 9,120,363 9,112,777 9,131,979 9,195,909 9,131,979 Financial Measures: Loans to assets 78.69 % 79.16 % 74.94 % 71.03 % 69.25 % 78.69 % 69.25 % Loans to deposits 120.90 % 126.20 % 131.07 % 145.08 % 137.75 % 120.90 % 137.75 % Allowance for credit losses to total loans 0.89 % 0.90 % 0.83 % 0.87 % 0.86 % 0.89 % 0.86 % Allowance for credit losses to total nonperforming loans 192.98 % 1020.23 % 3069.32 % 2930.24 % 2470.73 % 192.98 % 2470.73 % Non-accrual loans to total loans 0.42 % 0.09 % 0.03 % 0.03 % 0.03 % 0.42 % 0.03 % Nonperforming loans to total assets 0.36 % 0.07 % 0.02 % 0.02 % 0.02 % 0.36 % 0.02 % Net charge-offs (recoveries) (annualized) to average total loans – – – – – – – Average Balance Sheets: Total loans 968,028 972,479 976,873 963,849 943,072 970,241 925,443 Investment securities 182,351 196,463 222,879 248,833 276,457 189,368 290,721 Total assets 1,231,770 1,259,448 1,363,572 1,382,066 1,375,165 1,245,512 1,379,569 Total interest-bearing deposits 702,262 647,777 622,217 570,512 569,689 675,171 573,758 Total shareholders' equity 285,154 286,629 285,775 284,343 281,792 285,887 281,831


Malaysian Reserve
3 hours ago
- Malaysian Reserve
Hilco Real Estate Sales Sets Bid Deadline for Prime Buzzards Bay Development Site in Wareham, MA
NORTHBROOK, Ill., July 31, 2025 /PRNewswire/ — Hilco Real Estate Sales announces September 17, 2025, as the qualified bid deadline for the fully entitled, eight-acre development site at 36-48 Robinwood Road in Wareham, Massachusetts. Located directly on Buzzards Bay and approved for a by-right subdivision, this is an exceptional multi-generational housing opportunity. With 400 feet of exclusive shoreline on Buzzards Bay, this waterfront property benefits from direct access to the Cape Cod Canal. In addition to the approved layout plans for seven luxury houses, the sale includes designs for a deep-water dock, offering access to boating, fishing and open-water recreation. The development is shovel-ready with utilities already in place, allowing an investor or developer to come in and begin construction without the usual costs and delays associated with a typical real estate cycle. While the current on-site residence operates as a short-term rental, the best use for the property may be redevelopment. Historically referred to as the 'Gateway to Cape Cod,' Wareham offers the benefits of coastal living without the congestion of peak-season traffic further east. The town is quickly becoming one of the most attractive real estate markets on the South Coast for investors looking to get ahead of the Cape Cod curve. Just over an hour from Boston and Providence, the town offers the kind of coastal charm today's buyers crave without the premium prices or seasonal gridlock of the Cape. The population has grown steadily over the past decade, with a current median age of 53, reflecting strong appeal to both retirees and move-up buyers seeking lifestyle-driven living. More than 80% of households are owner-occupied, and the town continues to draw interest from Boston-area residents looking for second homes or year-round escapes. 'This is truly a turnkey development opportunity,' said Jeff Hubbard, senior managing director at Hilco Real Estate Sales. 'It's incredibly rare to find a site of this scale that's fully entitled, with utilities in place and ready for immediate construction. Buyers can step in and avoid years of permitting and infrastructure work. It's as close to shovel ready as it gets in a waterfront setting.' 'This sale presents a unique alignment of timing and location,' added Christian Koulichkov, managing director at Hilco Real Estate Sales. 'With demand for waterfront homes at an all-time high, especially for legacy properties that can serve multiple generations, this project is well-poised to capitalize on that momentum. Developers can deliver high-end product in a market that's starving for inventory.' The sale is subject to court approval of the State of Rhode Island, Case No. PC-2024-05846 I In re: EDWARD LANNI, LOUIS CALCAGNI V. RESI LLC, CLE HOLDINGS LLC, HUS GROUP INC., PREMIER PROPERTY MANAGEMENT GROUP LLC, and CHRISTOPHER ANDERSON. Bids must be received no later than September 17, 2025, at 5:00 p.m. (ET), using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sale's website. For further information, please contact Christian Koulichkov at (617) 335-3940 | ckoulichkov@ or Jonathan Cuticelli at (203) 561-8737 | jcuticelli@ For information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.