ECB Bancorp, Inc. /MD/
For the period ended Apr 24, 2025. Filed Apr 24, 2025.
View on SEC.govAbout this filing
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.
Apr 24, 2025 · Filed Apr 24, 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)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $4,431 | $5,828 |
| Short-term investments | 143,677 | 151,789 |
| Total cash and cash equivalents | 148,108 | 157,617 |
| Interest-bearing time deposits | 100 | 100 |
| Investments in available-for-sale securities (at fair value) | 13,950 | 6,564 |
| Investments in held-to-maturity securities, at amortized cost (fair values of $63,355 at March 31, 2025 and $67,505 at December 31, 2024) | 68,081 | 73,215 |
| Loans held-for-sale | 83 | — |
| Loans, net of allowance for credit losses of $8,808 at March 31, 2025 and $8,884 at December 31, 2024 | 1,177,543 | 1,136,449 |
| Federal Home Loan Bank stock, at cost | 10,000 | 10,000 |
| Premises and equipment, net | 3,455 | 3,512 |
| Accrued interest receivable | 4,343 | 4,015 |
| Deferred tax asset, net | 4,920 | 4,914 |
| Bank-owned life insurance | 15,061 | 14,945 |
| Other assets | 6,547 | 6,822 |
| Total assets | $1,452,191 | $1,418,153 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $79,853 | $84,958 |
| Interest-bearing | 956,767 | 913,575 |
| Total deposits | 1,036,620 | 998,533 |
| Federal Home Loan Bank advances | 234,000 | 234,000 |
| Other liabilities | 12,993 | 17,352 |
| Total liabilities | 1,283,613 | 1,249,885 |
| 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: 9,049,790 shares and 9,095,833 shares, respectively | 90 | 91 |
| Additional paid-in capital | 85,879 | 86,189 |
| Retained earnings | 89,142 | 87,845 |
| Accumulated other comprehensive (loss) income | (385) | 382 |
| Unearned compensation - ESOP | (6,148) | (6,239) |
| Total stockholders' equity | 168,578 | 168,268 |
| Total liabilities and stockholders' equity | $1,452,191 | $1,418,153 |
| Book value per common share | $18.63 | $18.50 |
| Regulatory Capital Ratios (Everett Co-operative Bank) | ||
| Total capital to risk weighted assets | 16.23% | 16.58% |
| Tier 1 capital to risk weighted assets | 15.25% | 15.56% |
| Tier 1 capital to average assets | 10.31% | 10.47% |
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