FB Bancorp Inc MD
For the period ended Sep 30, 2024. Filed Nov 14, 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 14, 2024
FBLA$16.50-2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
BALANCE SHEETS (UNAUDITED)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (dollars in thousands) | ||
| ASSETS | ||
| Cash and due from banks | $7,654 | $5,795 |
| Interest-bearing deposits at other financial institutions | 285,890 | 81,313 |
| Total cash and cash equivalents | 293,544 | 87,108 |
| Securities available for sale, at fair value (amortized cost of $256,444 and $269,378, respectively) | 244,031 | 249,898 |
| Derivative assets | 328 | 184 |
| Loans held for sale, at fair value | 36,551 | 22,576 |
| Loans held for investment | 730,295 | 665,684 |
| Less: allowance for credit losses | (5,824) | (6,203) |
| Loans held for investment, net | 724,471 | 659,481 |
| Federal Home Loan Bank stock, at cost | 4,288 | 4,106 |
| Bank owned life insurance | 14,897 | 14,640 |
| Accrued interest receivable | 5,515 | 5,506 |
| Premises and equipment, net | 53,032 | 51,455 |
| Other real estate owned | 2,362 | 815 |
| Goodwill | 5,786 | 5,786 |
| Mortgage servicing rights | 1,062 | 2,231 |
| Prepaid expenses | 3,681 | 2,518 |
| Other assets | 18,132 | 18,628 |
| Total assets | $1,407,680 | $1,124,932 |
| LIABILITIES AND EQUITY | ||
| Deposits: | ||
| Non-interest bearing | $384,110 | $142,032 |
| Interest bearing | 621,926 | 627,256 |
| Total deposits | 1,006,036 | 769,288 |
| Advances by borrowers for taxes and insurance | 7,229 | 11,774 |
| Other borrowings | 214,000 | 172,200 |
| Accrued interest payable | 4,701 | 524 |
| Other liabilities | 14,247 | 14,409 |
| Total liabilities | 1,246,213 | 968,195 |
| Equity: | ||
| Retained earnings | 171,273 | 172,126 |
| Accumulated other comprehensive income (loss) | (9,806) | (15,389) |
| Total equity | 161,467 | 156,737 |
| Total liabilities and equity | $1,407,680 | $1,124,932 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.