BV Financial Inc
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 13, 2024
BVFL$21.57-1.1%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (dollars in thousands, except per share amounts) | (unaudited) | (derived from audited financial statements) |
| Assets | ||
| Cash | $7,207 | $9,260 |
| Interest-bearing deposits in other banks | 86,858 | 64,482 |
| Cash and cash equivalents | 94,065 | 73,742 |
| Equity investment | 254 | 256 |
| Securities available for sale | 39,162 | 34,781 |
| Securities held to maturity (fair value of $5,210 and $9,206, ACL of $4 and $6) | 6,029 | 10,209 |
| Total loans | 693,231 | 704,802 |
| Allowance for credit losses | (8,001) | (8,554) |
| Net loans | 685,230 | 696,248 |
| Foreclosed real estate | 160 | 170 |
| Premises and equipment, net | 13,404 | 14,250 |
| Federal Home Loan Bank of Atlanta stock, at cost | 654 | 626 |
| Investment in life insurance | 19,947 | 19,657 |
| Accrued interest receivable | 2,922 | 3,279 |
| Goodwill | 14,420 | 14,420 |
| Intangible assets, net | 876 | 1,012 |
| Deferred tax assets, net | 8,442 | 8,969 |
| Other assets | 7,144 | 7,635 |
| Total assets | $892,709 | $885,254 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Noninterest-bearing deposits | $139,302 | $142,030 |
| Interest-bearing deposits | 495,011 | 492,090 |
| Total deposits | 634,313 | 634,120 |
| Subordinated debentures | 34,845 | 37,251 |
| Other liabilities | 13,817 | 14,818 |
| Total liabilities | 682,975 | 686,189 |
| Stockholders' equity | ||
| Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding; Common stock, $0.01 par value; 45,000,000 shares authorized at September 30, 2024 and December 31, 2023; 11,701,785 shares issued and outstanding as of September 30, 2024 and 11,375,803 issued and outstanding as of December 31, 2023 | 117 | 114 |
| Paid-in capital | 110,697 | 110,465 |
| Retained earnings | 107,543 | 97,772 |
| Unearned common stock held by employee stock ownership plan | (7,202) | (7,328) |
| Accumulated other comprehensive loss | (1,421) | (1,958) |
| Total stockholders' equity | 209,734 | 199,065 |
| Total liabilities and stockholders' equity | $892,709 | $885,254 |
See notes to consolidated financial statements. 1
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