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$21.92+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders' Equity
For the Three Months Ended September 30, 2024 and 2023
| (dollars in thousands) | Common stock | Paid-in capital | Unearned common stock held by ESOP | Retained earnings | Accumulated other comprehensive loss | Total |
|---|---|---|---|---|---|---|
| Balance, June 30, 2024 | $114 | $110,694 | $(7,244) | $103,745 | $(1,837) | $205,472 |
| Net income | — | — | — | 3,798 | — | 3,798 |
| Other comprehensive income | ||||||
| (net of tax of ($157)) | — | — | — | — | 416 | 416 |
| Stock compensation | 3 | 3 | — | — | — | 6 |
| ESOP shares committed to be released | — | — | 42 | — | — | 42 |
| Balance, September 30, 2024 | $117 | $110,697 | $(7,202) | $107,543 | $(1,421) | $209,734 |
| (dollars in thousands) | Common stock | Paid-in capital | Unearned common stock held by ESOP | Retained earnings | Accumulated other comprehensive loss | Total |
| Balance, June 30, 2023 | $74 | $15,599 | $— | $91,079 | $(2,272) | $104,480 |
| Net income | — | — | — | 3,684 | — | 3,684 |
| Other comprehensive loss | ||||||
| (net of tax of $95) | — | — | — | — | (252) | (252) |
| Stock compensation | — | 63 | — | — | — | 63 |
| Proceeds from issuance of common stock, net of offering costs | 40 | 94,702 | — | — | — | 94,742 |
| Purchase of unearned common stock held by ESOP plan | — | — | (7,839) | — | — | (7,839) |
| ESOP shares committed to be released | — | — | 204 | — | — | 204 |
| Balance, September 30, 2023 | $114 | $110,364 | $(7,635) | $94,763 | $(2,524) | $195,082 |
See notes to consolidated financial statements. 4
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
For the Nine Months Ended September 30, 2024 and 2023
| (dollars in thousands) | Common stock | Paid-in capital | Unearned common stock held by ESOP | Retained earnings | Accumulated other comprehensive loss | Total |
|---|---|---|---|---|---|---|
| Balance, December 31, 2023 | $114 | $110,465 | $(7,328) | $97,772 | $(1,958) | $199,065 |
| Net income | — | — | — | 9,771 | — | 9,771 |
| Other comprehensive income | ||||||
| (net of tax of ($203)) | — | — | — | — | 537 | 537 |
| Stock compensation | 3 | 232 | — | — | — | 235 |
| ESOP shares committed to be released | — | — | 126 | — | — | 126 |
| Balance, September 30, 2024 | $117 | $110,697 | $(7,202) | $107,543 | $(1,421) | $209,734 |
| (dollars in thousands) | Common stock | Paid-in capital | Unearned common stock held by ESOP | Retained earnings | Accumulated other comprehensive loss | Total |
| Balance, December 31, 2022 | $74 | $15,406 | $— | $84,612 | $(2,341) | $97,751 |
| Net income | — | — | — | 10,698 | — | 10,698 |
| Other comprehensive income | ||||||
| (net of tax of $69) | — | — | — | — | (183) | (183) |
| Stock compensation | — | 256 | — | — | — | 256 |
| Proceeds from issuance of common stock, net of offering costs | 40 | 94,702 | — | — | — | 94,742 |
| Purchase of unearned common stock held by ESOP plan | — | — | (7,839) | — | — | (7,839) |
| ESOP shares committed to be released | — | — | 204 | — | — | 204 |
| CECL ASU Transition | — | — | — | (547) | — | (547) |
| Balance, September 30, 2023 | $114 | $110,364 | $(7,635) | $94,763 | $(2,524) | $195,082 |
See notes to consolidated financial statements. 5
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