ECB Bancorp Inc MD
For the period ended Feb 5, 2025. Filed Feb 5, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 5, 2025 · Filed Feb 5, 2025
ECBK$21.45-0.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands except share data)
(in thousands except share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $5,828 | $3,786 |
| Short-term investments | 151,789 | 115,250 |
| Total cash and cash equivalents | 157,617 | 119,036 |
| Interest-bearing time deposits | 100 | — |
| Investments in available-for-sale securities (at fair value) | 6,564 | 5,003 |
| Investments in held-to-maturity securities, at amortized cost (fair values of $67,505 at December 31, 2024 and $70,590 at December 31, 2023) | 73,215 | 76,979 |
| Loans, net of allowance for credit losses of $8,884 at December 31, 2024 and $8,591 at December 31, 2023 | 1,136,449 | 1,039,789 |
| Federal Home Loan Bank stock, at cost | 10,000 | 9,892 |
| Premises and equipment, net | 3,512 | 3,754 |
| Accrued interest receivable | 4,015 | 3,766 |
| Deferred tax asset, net | 4,914 | 4,767 |
| Bank-owned life insurance | 14,945 | 14,472 |
| Other assets | 6,822 | 2,877 |
| Total assets | $1,418,153 | $1,280,335 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $84,958 | $78,342 |
| Interest-bearing | 913,575 | 789,872 |
| Total deposits | 998,533 | 868,214 |
| Federal Home Loan Bank advances | 234,000 | 234,000 |
| Other liabilities | 17,352 | 13,220 |
| Total liabilities | 1,249,885 | 1,115,434 |
| Shareholders' Equity: | ||
| Preferred Stock, par value $0.01; Authorized: 1,000,000 shares; Issued and outstanding: 0 shares and 0 shares, respectively | — | — |
| Common Stock, par value $0.01; Authorized: 30,000,000 shares; Issued and outstanding: 9,095,833 shares and 9,291,810 shares, respectively | 91 | 93 |
| Additional paid-in capital | 86,189 | 87,431 |
| Retained earnings | 87,845 | 83,854 |
| Accumulated other comprehensive income | 382 | 129 |
| Unearned compensation - ESOP | (6,239) | (6,606) |
| Total stockholders' equity | 168,268 | 164,901 |
| Total liabilities and stockholders' equity | $1,418,153 | $1,280,335 |
| Book value per common share | $18.50 | $17.75 |
| Regulatory Capital Ratios (Everett Co-operative Bank) | ||
| Total capital to risk weighted assets | 16.58% | 17.30% |
| Tier 1 capital to risk weighted assets | 15.56% | 16.22% |
| Tier 1 capital to average assets | 10.47% | 11.31% |
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