GREENE COUNTY BANCORP INC
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
GCBC$35.82-1.6%Stored close · as of Nov 10, 2026
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* Consolidated Statements of Cash Flows
For the Nine Months Ended March 31, 2026 and 2025
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $29,684 | $21,805 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 838 | 790 |
| Deferred income tax benefit | (2,611) | (1,877) |
| Net accretion of investment premiums and discounts | (1,646) | (259) |
| Net amortization of deferred loan costs and fees | 331 | 274 |
| Amortization of subordinated debt issuance costs | 87 | 139 |
| Provision for credit losses | 1,907 | 2,196 |
| Bank-owned life insurance income | (2,034) | (1,910) |
| Net loss on sale of securities available-for-sale | 576 | 665 |
| Net loss (gain) on equity securities | 47 | (72) |
| Net increase in accrued income taxes | 534 | 384 |
| Net increase in accrued interest receivable | (3,689) | (4,164) |
| Net increase in prepaid expenses and other assets | (328) | (1,958) |
| Net increase (decrease) in accrued expenses and other liabilities | 353 | (1,248) |
| Net cash provided by operating activities | 24,049 | 14,765 |
| Cash flows from investing activities: | ||
| Securities available-for-sale: | ||
| Proceeds from maturities | 176,860 | 132,556 |
| Proceeds from sale of securities | 8,299 | 6,676 |
| Purchases of securities | (457,936) | (193,953) |
| Proceeds from principal payments on securities | 261,620 | 55,971 |
| Securities held-to-maturity: | ||
| Proceeds from maturities | 44,469 | 32,223 |
| Purchases of securities | (111,405) | (136,916) |
| Proceeds from principal payments on securities | 29,480 | 13,527 |
| Net (purchase) redemption of Federal Home Loan Bank Stock | (45) | 3,462 |
| Maturity of long-term certificates of deposit | 200 | 1,185 |
| Purchase of bank owned life insurance | (6,345) | - |
| Net increase in loans receivable | (120,901) | (120,484) |
| Purchases of premises and equipment | (624) | (386) |
| Net cash used in investing activities | (176,328) | (206,139) |
| Cash flows from financing activities: | ||
| Net decrease in short-term borrowings | (800) | (73,300) |
| Repayment of long-term borrowings | - | (31,961) |
| Repayment of subordinated notes payable | (20,000) | - |
| Payment of cash dividends | (3,268) | (3,772) |
| Net increase in deposits | 132,719 | 265,495 |
| Net cash provided by financing activities | 108,651 | 156,462 |
| Net decrease in cash and cash equivalents | (43,628) | (34,912) |
| Cash and cash equivalents at beginning of period | 183,078 | 190,395 |
| Cash and cash equivalents at end of period | $139,450 | $155,483 |
| Cash paid during period for: | ||
| Interest | $41,497 | $44,490 |
| Income taxes | $1,845 | $825 |
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