GREENE COUNTY BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
View on SEC.govAbout this filing
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.
Dec 31, 2023 · Filed Feb 9, 2024
GCBC$36.13+0.4%Stored close · as of Nov 6, 2026
Contents
Item 1. * Consolidated Statements of Financial Condition
At December 31, 2023 and June 30, 2023
(In thousands, except share and per share amounts)
| ASSETS | December 31, 2023 | June 30, 2023 |
|---|---|---|
| Cash and due from banks | $12,147 | $15,305 |
| Interest-bearing deposits | 163,933 | 181,140 |
| Total cash and cash equivalents | 176,080 | 196,445 |
| Long-term certificates of deposit | 3,822 | 4,576 |
| Securities available-for-sale, at fair value | 307,809 | 281,133 |
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $485 at December 31, 2023 | 700,853 | 726,363 |
| Equity securities, at fair value | 325 | 306 |
| Federal Home Loan Bank stock, at cost | 7,654 | 1,682 |
| Loans receivable | 1,457,175 | 1,408,866 |
| Allowance for credit losses on loans | (20,309) | (21,212) |
| Net loans receivable | 1,436,866 | 1,387,654 |
| Premises and equipment, net | 15,232 | 15,028 |
| Bank-owned life insurance | 56,003 | 55,063 |
| Accrued interest receivable | 14,499 | 12,249 |
| Foreclosed real estate | 302 | 302 |
| Prepaid expenses and other assets | 17,243 | 17,482 |
| Total assets | $2,736,688 | $2,698,283 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Noninterest-bearing deposits | $137,424 | $159,039 |
| Interest-bearing deposits | 2,197,413 | 2,278,122 |
| Total deposits | 2,334,837 | 2,437,161 |
| Borrowings from Federal Home Loan Bank, short-term | 125,000 | - |
| Borrowings from Federal Home Loan Bank, long-term | 4,374 | - |
| Subordinated notes payable, net | 49,588 | 49,495 |
| Accrued expenses and other liabilities | 27,593 | 28,344 |
| Total liabilities | 2,541,392 | 2,515,000 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, Authorized - 1,000,000 shares; Issued - None | - | - |
| Common stock, par value $0.10 per share; Authorized - 36,000,000 shares; Issued – 17,222,680 shares at December 31, 2023 and June 30, 2023; Outstanding – 17,026,828 shares at December 31, 2023, and June 30, 2023 | 1,722 | 1,722 |
| Additional paid-in capital | 10,156 | 10,156 |
| Retained earnings | 203,396 | 193,721 |
| Accumulated other comprehensive loss | (19,070) | (21,408) |
| Treasury stock, at cost 195,852 shares at December 31, 2023, and June 30, 2023 | (908) | (908) |
| Total shareholders’ equity | 195,296 | 183,283 |
| Total liabilities and shareholders’ equity | $2,736,688 | $2,698,283 |
Index
ConsolidatedStatements ofIncome
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