ECB Bancorp Inc MD
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
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 Nov 8, 2024
ECBK$21.45-0.5%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
Consolidated Balance Sheets
(Dollars in thousands)
| 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 (amortized cost of $4,175 at September 30, 2024 and $5,000 at December 31, 2023) | 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 | 14,825 | 14,472 |
| Other assets | 3,064 | 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 | — | — |
| 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 |
| Unallocated common shares held by the Employee Stock Ownership Plan | (6,331) | (6,606) |
| Total shareholders' equity | 166,049 | 164,901 |
| Total liabilities and shareholders' equity | $1,357,954 | $1,280,335 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.