ECB Bancorp Inc MD
For the period ended Oct 24, 2024. Filed Oct 24, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 24, 2024 · Filed Oct 24, 2024
ECBK$21.45-0.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands except share data)
(in thousands except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $4,783 | $3,786 |
| Short-term investments | 114,847 | 115,250 |
| Total cash and cash equivalents | 119,630 | 119,036 |
| Interest-bearing time deposits | 200 | — |
| Investments in available-for-sale securities (at fair value) | 4,163 | 5,003 |
| Investments in held-to-maturity securities, at amortized cost (fair values of $72,841 at September 30, 2024 and $70,590 at December 31, 2023) | 77,233 | 76,979 |
| Loans held-for-sale | 703 | — |
| Loans, net of allowance for credit losses of $9,068 at September 30, 2024 and $8,591 at December 31, 2023 | 1,114,943 | 1,039,789 |
| Federal Home Loan Bank stock, at cost | 9,850 | 9,892 |
| Premises and equipment, net | 3,587 | 3,754 |
| Accrued interest receivable | 4,164 | 3,766 |
| Deferred tax asset, net | 5,592 | 4,767 |
| Bank-owned life insurance | 14,826 | 14,472 |
| Other assets | 3,063 | 2,877 |
| Total assets | $1,357,954 | $1,280,335 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $74,059 | $78,342 |
| Interest-bearing | 870,266 | 789,872 |
| Total deposits | 944,325 | 868,214 |
| Federal Home Loan Bank advances | 234,000 | 234,000 |
| Other liabilities | 13,580 | 13,220 |
| Total liabilities | 1,191,905 | 1,115,434 |
| Shareholders' Equity: | ||
| Preferred Stock, par value $0.01; Authorized: 1,000,000 shares; Issued and outstanding: 0 shares and 0 shares, respectively | — | — |
| Common Stock, par value $0.01; Authorized: 30,000,000 shares; Issued and outstanding: 9,152,280 shares and 9,291,810 shares, respectively | 92 | 93 |
| Additional paid-in capital | 86,670 | 87,431 |
| Retained earnings | 86,399 | 83,854 |
| Accumulated other comprehensive (loss) income | (781) | 129 |
| Unearned compensation - ESOP | (6,331) | (6,606) |
| Total stockholders' equity | 166,049 | 164,901 |
| Total liabilities and stockholders' equity | $1,357,954 | $1,280,335 |
| Shareholders' Equity Ratios | ||
| Book value per common share | $18.14 | $17.75 |
| Regulatory Capital Ratios (Everett Co-operative Bank) | ||
| Total capital to risk weighted assets | 16.80% | 17.30% |
| Tier 1 capital to risk weighted assets | 15.72% | 16.22% |
| Tier 1 capital to average assets | 10.67% | 11.31% |
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