Bank7 Corp
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
BSVN$58.39-0.1%Stored close · as of Nov 6, 2026
Contents
Item 1. Unaudited Condensed Consolidated Balance Sheets
Consolidated Balance Sheets
(Dollar amounts in thousands, except par value)
| Assets | March 31, 2024 (unaudited) | December 31, 2023 |
|---|---|---|
| Cash and due from banks | $193,218 | $181,042 |
| Interest-bearing time deposits in other banks | 17,181 | 17,679 |
| Available-for-sale debt securities | 151,872 | 169,487 |
| Loans, net of allowance for credit losses of $19,696 and $19,691 at March 31, 2024 and December 31, 2023, respectively | 1,354,195 | 1,341,148 |
| Loans held for sale | - | 718 |
| Premises and equipment, net | 15,376 | 14,942 |
| Nonmarketable equity securities | 1,278 | 1,283 |
| Core deposit intangibles | 970 | 1,031 |
| Goodwill | 8,458 | 8,458 |
| Interest receivable and other assets | 32,435 | 35,878 |
| Total assets | $1,774,983 | $1,771,666 |
| Liabilities and Shareholders’ Equity | ||
| Deposits | ||
| Noninterest-bearing | $452,326 | $482,349 |
| Interest-bearing | 1,127,846 | 1,109,042 |
| Total deposits | 1,580,172 | 1,591,391 |
| Income taxes payable | 3,946 | 302 |
| Interest payable and other liabilities | 10,483 | 9,647 |
| Total liabilities | 1,594,601 | 1,601,340 |
| Shareholders’ equity | ||
| Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,238,206 and 9,197,696 at March 31, 2024 and December 31, 2023, respectively | 92 | 92 |
| Additional paid-in capital | 97,669 | 97,417 |
| Retained earnings | 88,310 | 78,962 |
| Accumulated other comprehensive loss | (5,689) | (6,145) |
| Total shareholders’ equity | 180,382 | 170,326 |
| Total liabilities and shareholders’ equity | $1,774,983 | $1,771,666 |
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