GREENE COUNTY BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 8, 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.
Sep 30, 2024 · Filed Nov 8, 2024
GCBC$35.82-1.6%Stored close · as of Nov 10, 2026
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* Consolidated Statements of Income
(In thousands, except share and per share amounts)
| 2024 | 2023 | |
|---|---|---|
| Interest income: | ||
| Loans | $19,243 | $17,205 |
| Investment securities - tax exempt | 4,468 | 4,290 |
| Investment securities - taxable | 3,369 | 2,261 |
| Interest-bearing deposits and federal funds sold | 689 | 916 |
| Total interest income | 27,769 | 24,672 |
| Interest expense: | ||
| Interest on deposits | 13,806 | 10,607 |
| Interest on borrowings | 827 | 626 |
| Total interest expense | 14,633 | 11,233 |
| Net interest income | 13,136 | 13,439 |
| Provision for credit losses | 634 | 457 |
| Net interest income after provision for credit losses | 12,502 | 12,982 |
| Noninterest income: | ||
| Service charges on deposit accounts | 1,226 | 1,230 |
| Debit card fees | 1,101 | 1,133 |
| Investment services | 248 | 243 |
| E-commerce fees | 37 | 29 |
| Bank-owned life insurance | 648 | 362 |
| Other operating income | 477 | 302 |
| Total noninterest income | 3,737 | 3,299 |
| Noninterest expense: | ||
| Salaries and employee benefits | 5,878 | 5,491 |
| Occupancy expense | 636 | 537 |
| Equipment and furniture expense | 150 | 138 |
| Service and data processing fees | 767 | 591 |
| Computer software, supplies and support | 355 | 511 |
| Advertising and promotion | 77 | 97 |
| FDIC insurance premiums | 322 | 312 |
| Legal and professional fees | 364 | 383 |
| Other | 1,001 | 785 |
| Total noninterest expense | 9,550 | 8,845 |
| Income before provision for income taxes | 6,689 | 7,436 |
| Provision for income taxes | 428 | 967 |
| Net income | $6,261 | $6,469 |
| Basic and diluted earnings per share | $0.37 | $0.38 |
| Basic and diluted average shares outstanding | 17,026,828 | 17,026,828 |
Index
Consolidated
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