BV Financial Inc

For the period ended Mar 31, 2024. Filed May 13, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 13, 2024

BVFL$21.27-3.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(dollars in thousands, except per share amounts)	Three Months Ended March 31,
Interest Income	2024	2023
Loans, including fees	$9,782	$8,773
Investment securities available for sale	306	266
Investment securities held to maturity	92	93
Other interest income	824	556
Total interest income	11,004	9,688
Interest Expense
Interest on deposits	1,986	665
Interest on FHLB borrowings	—	289
Interest on subordinated debentures	1,055	534
Total interest expense	3,041	1,488
Net interest income	7,963	8,200
Provision for credit losses	18	2
Net interest income after provision for credit losses	7,945	8,198
Noninterest Income
Service fees on deposits	103	94
Fees from debit cards	171	173
Income from investment in life insurance	87	318
Other income	217	222
Total noninterest income	578	807
Noninterest Expense
Compensation and related benefits	3,129	2,879
Occupancy	438	416
Data processing	377	349
Advertising	5	13
Professional fees	112	200
Equipment	102	105
Foreclosed real estate and holding costs	5	127
Amortization of intangible assets	45	46
FDIC insurance premiums	83	54
Other	627	511
Total noninterest expense	4,923	4,700
Net income before tax	3,600	4,305
Income tax expense	1,026	1,190
Net income	$2,574	$3,115
Basic earnings per share	$0.24	$0.39
Diluted earnings per share	$0.24	$0.39

See notes to consolidated financial statements. 2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.