Bank7 Corp
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 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 | September 30, 2024 (unaudited) | December 31, 2023 |
|---|---|---|
| Cash and due from banks | $186,720 | $181,042 |
| Interest-bearing time deposits in other banks | 8,715 | 17,679 |
| Available-for-sale debt securities | 65,160 | 169,487 |
| Loans, net of allowance for credit losses of $17,873 and $19,691 at September 30, 2024 and December 31, 2023, respectively | 1,419,671 | 1,341,148 |
| Loans held for sale | - | 718 |
| Premises and equipment, net | 17,126 | 14,942 |
| Nonmarketable equity securities | 1,278 | 1,283 |
| Core deposit intangibles | 907 | 1,031 |
| Goodwill | 8,458 | 8,458 |
| Interest receivable and other assets | 32,407 | 35,878 |
| Total assets | $1,740,442 | $1,771,666 |
| Liabilities and Shareholders’ Equity | ||
| Deposits | ||
| Noninterest-bearing | $322,480 | $482,349 |
| Interest-bearing | 1,201,736 | 1,109,042 |
| Total deposits | 1,524,216 | 1,591,391 |
| Income taxes payable | 427 | 302 |
| Interest payable and other liabilities | 11,637 | 9,647 |
| Total liabilities | 1,536,280 | 1,601,340 |
| Shareholders’ equity | ||
| Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,341,267 and 9,197,696 at September 30, 2024 and December 31, 2023, respectively | 93 | 92 |
| Additional paid-in capital | 100,760 | 97,417 |
| Retained earnings | 107,426 | 78,962 |
| Accumulated other comprehensive loss | (4,117) | (6,145) |
| Total shareholders’ equity | 204,162 | 170,326 |
| Total liabilities and shareholders’ equity | $1,740,442 | $1,771,666 |
Unaudited Condensed ConsolidatedStatements of
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