GREENE COUNTY BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 8, 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 8, 2024
GCBC$36.13+0.4%Stored close · as of Nov 6, 2026
Contents
Item 1. * Consolidated Statements of Financial Condition
Statements ofFinancialCondition
At September 30, 2024 and June 30, 2024
(In thousands, except share and per share amounts)
| ASSETS | September 30, 2024 | June 30, 2024 |
|---|---|---|
| Cash and due from banks | $24,824 | $13,897 |
| Interest-bearing deposits | 188,645 | 176,498 |
| Total cash and cash equivalents | 213,469 | 190,395 |
| Long-term certificates of deposit | 2,579 | 2,831 |
| Securities available-for-sale, at fair value | 364,526 | 350,001 |
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $466 and $483 at September 30, 2024 and June 30, 2024 | 701,919 | 690,354 |
| Equity securities, at fair value | 339 | 328 |
| Federal Home Loan Bank stock, at cost | 4,795 | 7,296 |
| Loans receivable | 1,501,212 | 1,499,473 |
| Allowance for credit losses on loans | (19,781) | (19,244) |
| Net loans receivable | 1,481,431 | 1,480,229 |
| Premises and equipment, net | 15,498 | 15,606 |
| Bank-owned life insurance | 57,898 | 57,249 |
| Accrued interest receivable | 14,909 | 14,269 |
| Prepaid expenses and other assets | 17,258 | 17,230 |
| Total assets | $2,874,621 | $2,825,788 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Noninterest-bearing deposits | $132,897 | $125,442 |
| Interest-bearing deposits | 2,352,977 | 2,263,780 |
| Total deposits | 2,485,874 | 2,389,222 |
| Borrowings, short-term | 63,000 | 115,300 |
| Borrowings, long-term | 29,781 | 34,156 |
| Subordinated notes payable, net | 49,727 | 49,681 |
| Accrued expenses and other liabilities | 29,941 | 31,429 |
| Total liabilities | 2,658,323 | 2,619,788 |
| 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 September 30, 2024 and June 30, 2024; Outstanding – 17,026,828 shares at September 30, 2024, and June 30, 2024 | 1,722 | 1,722 |
| Additional paid-in capital | 10,156 | 10,156 |
| Retained earnings | 219,468 | 214,740 |
| Accumulated other comprehensive loss | (14,140) | (19,710) |
| Treasury stock, at cost 195,852 shares at September 30, 2024 and June 30, 2024 | (908) | (908) |
| Total shareholders’ equity | 216,298 | 206,000 |
| Total liabilities and shareholders’ equity | $2,874,621 | $2,825,788 |
Index
ConsolidatedStatements of Income
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