FIRST BUSINESS FINANCIAL SERVICES INC
For the period ended Sep 30, 2024. Filed Oct 25, 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.
Sep 30, 2024 · Filed Oct 25, 2024
FBIZ$75.81+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| (In Thousands, Except Share Data) | ||
| Assets | ||
| Cash and due from banks | $45,302 | $32,348 |
| Short-term investments | 86,670 | 107,162 |
| Cash and cash equivalents | 131,972 | 139,510 |
| Securities available-for-sale, at fair value | 313,336 | 297,006 |
| Securities held-to-maturity, at amortized cost | 6,907 | 8,503 |
| Loans held for sale | 8,173 | 4,589 |
| Loans and leases receivable, net of allowance for credit losses of $33,688 and $31,275, respectively | 3,016,391 | 2,818,986 |
| Premises and equipment, net | 5,478 | 6,190 |
| Repossessed assets | 56 | 247 |
| Right-of-use assets, net | 5,789 | 6,559 |
| Bank-owned life insurance | 56,767 | 55,536 |
| Federal Home Loan Bank stock, at cost | 12,775 | 12,042 |
| Goodwill and other intangible assets | 11,834 | 12,023 |
| Derivatives | 42,539 | 55,597 |
| Accrued interest receivable and other assets | 103,707 | 91,058 |
| Total assets | $3,715,724 | $3,507,846 |
| Liabilities and Stockholders’ Equity | ||
| Deposits | $2,969,947 | $2,796,779 |
| Federal Home Loan Bank advances and other borrowings | 349,109 | 330,916 |
| Lease liabilities | 8,054 | 8,954 |
| Derivatives | 45,399 | 51,949 |
| Accrued interest payable and other liabilities | 31,233 | 29,660 |
| Total liabilities | 3,403,742 | 3,218,258 |
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 2,500,000 shares authorized, 12,500 shares of 7% non-cumulative perpetual preferred stock, Series A, outstanding at September 30, 2024 and December 31, 2023 | 11,992 | 11,992 |
| Common stock, $0.01 par value, 25,000,000 shares authorized, 9,434,444 and 9,418,463 shares issued, 8,295,017 and 8,314,778 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 95 | 95 |
| Additional paid-in capital | 92,650 | 90,616 |
| Retained earnings | 253,660 | 230,728 |
| Accumulated other comprehensive loss | (15,032) | (13,717) |
| Treasury stock, 1,139,427 and 1,103,685 shares at September 30, 2024 and December 31, 2023, respectively, at cost | (31,383) | (30,126) |
| Total stockholders’ equity | 311,982 | 289,588 |
| Total liabilities and stockholders’ equity | $3,715,724 | $3,507,846 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.