GREENE BANCORP, INC.

For the period ended Mar 31, 2025. Filed May 9, 2025.

About 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.

Mar 31, 2025 · Filed May 9, 2025

GCBC$35.82-1.6%Stored close · as of Nov 10, 2026

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Contents

* Consolidated Statements of Income

For the Three and Nine Months Ended March 31, 2025 and 2024

(In thousands, except share and per share amounts)

	For the three months ended March 31,		For the nine months ended March 31,
	2025	2024	2025	2024
Interest income:
Loans	$20,185	$18,063	$58,908	$53,044
Investment securities - tax exempt	5,053	4,426	14,464	13,050
Investment securities - taxable	3,810	2,741	10,777	7,380
Interest-bearing deposits and federal funds sold	731	841	2,817	2,862
Total interest income	29,779	26,071	86,966	76,336
Interest expense:
Interest on deposits	12,999	12,944	41,543	36,109
Interest on borrowings	569	832	2,008	2,105
Total interest expense	13,568	13,776	43,551	38,214
Net interest income	16,211	12,295	43,415	38,122
Provision for credit losses	1,084	290	2,196	917
Net interest income after provision for credit losses	15,127	12,005	41,219	37,205
Noninterest income:
Service charges on deposit accounts	1,191	1,011	3,690	3,468
Debit card fees	1,146	1,120	3,310	3,373
Investment services	297	265	797	714
E-commerce fees	16	24	87	83
Bank-owned life insurance	625	615	1,910	1,551
Net loss on sale of securities available-for-sale	(665)	-	(665)	-
Other operating income	1,246	377	2,339	1,000
Total noninterest income	3,856	3,412	11,468	10,189
Noninterest expense:
Salaries and employee benefits	6,195	6,102	17,726	17,247
Occupancy expense	729	688	1,980	1,818
Equipment and furniture expense	226	151	569	527
Service and data processing fees	667	661	2,207	1,866
Computer software, supplies and support	427	319	1,186	1,301
Advertising and promotion	136	122	340	321
FDIC insurance premiums	353	326	1,022	952
Legal and professional fees	394	319	1,003	1,119
Other	915	546	2,945	2,254
Total noninterest expense	10,042	9,234	28,978	27,405
Income before provision for income taxes	8,941	6,183	23,709	19,989
Provision for income taxes	887	322	1,904	1,952
Net income	$8,054	$5,861	$21,805	$18,037
Basic and diluted earnings per share	$0.47	$0.34	$1.28	$1.06
Basic and diluted average shares outstanding	17,026,828	17,026,828	17,026,828	17,026,828

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.