BV Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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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.
Jun 30, 2025 · Filed Aug 13, 2025
BVFL$21.57-1.1%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (dollars in thousands, except per share amounts) · (unaudited) | ||
| Assets | ||
| Cash | $4,987 | $5,842 |
| Interest-bearing deposits in other banks | 51,336 | 64,658 |
| Cash and cash equivalents | 56,323 | 70,500 |
| Equity investment | 406 | 391 |
| Securities available for sale | 35,359 | 37,259 |
| Securities held to maturity (fair value of $5,128 and $5,171, ACL of $3 and $4) | 5,832 | 5,979 |
| Total loans | 751,573 | 737,760 |
| Allowance for credit losses | (9,159) | (8,522) |
| Net loans | 742,414 | 729,238 |
| Foreclosed real estate | 157 | 159 |
| Premises and equipment, net | 13,182 | 13,224 |
| Federal Home Loan Bank of Atlanta stock, at cost | 656 | 1,366 |
| Investment in life insurance | 20,259 | 20,058 |
| Accrued interest receivable | 3,243 | 3,161 |
| Goodwill | 14,420 | 14,420 |
| Intangible assets, net | 741 | 831 |
| Deferred tax assets, net | 9,309 | 8,899 |
| Other assets | 6,026 | 6,336 |
| Total assets | $908,327 | $911,821 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Noninterest-bearing deposits | $134,470 | $129,724 |
| Interest-bearing deposits | 524,421 | 521,767 |
| Total deposits | 658,891 | 651,491 |
| FHLB borrowings | — | 15,000 |
| Subordinated debentures | 34,961 | 34,883 |
| Other liabilities | 16,484 | 14,948 |
| Total liabilities | 710,336 | 716,322 |
| 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 June 30, 2025 and December 31, 2024; 10,318,418 shares issued and outstanding as of June 30, 2025 and 10,645,284 issued and outstanding as of December 31, 2024 | 103 | 106 |
| Paid-in capital | 91,854 | 94,679 |
| Retained earnings | 114,455 | 109,495 |
| Unearned common stock held by employee stock ownership plan | (7,069) | (7,160) |
| Accumulated other comprehensive loss | (1,352) | (1,621) |
| Total stockholders' equity | 197,991 | 195,499 |
| Total liabilities and stockholders' equity | $908,327 | $911,821 |
See notes to consolidated financial statements. 1
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