CHAIN BRIDGE BANCORP INC
Filed Sep 13, 2024.
View on SEC.govAbout this filing
A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Sep 13, 2024
Contents
Capitalization
The following table sets forth our capitalization and capital ratios on a consolidated basis as of June 30, 2024:
| • | on an actual basis; |
| • | on a pro forma basis, giving effect to the Reclassification transactions described under “Prospectus Summary — Dual-Class Structure and Implications for Voting Rights”; and |
| • | on a pro forma as adjusted basis, after giving effect to (1) the pro forma adjustments set forth above and (2) the net proceeds from the sale by us of shares of Class A common stock in this offering (assuming the underwriters do not exercise their option to purchase additional shares of Class A common stock from us) at an initial public offering price of $ per share (the midpoint of the estimated price range set forth on the cover page of this prospectus), after deducting underwriting discounts and commissions and estimated offering expenses. |
A $1.00 increase (decrease) in the assumed initial public offering price of $ per share would increase (decrease) the as adjusted amount of cash and cash equivalents, additional paid-in capital, total stockholders’ equity and total capitalization by approximately $ million, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting the estimated underwriting discounts and commissions and estimated offering expenses. If the underwriters’ option to purchase additional shares is exercised in full, the as adjusted amount of each of cash and cash equivalents additional paid-in capital, total stockholders’ equity and total capitalization by approximately $ million, after deducting the estimated underwriting discounts and commissions and estimated offering expenses as described under “Use of Proceeds” above.
You should read the following table in conjunction with the sections titled “Prospectus Summary — Selected Financial Data” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and notes thereto appearing elsewhere in this prospectus.
| Actual | Pro Forma | Pro FormaAs Adjusted | |
|---|---|---|---|
| (dollars in thousands) | |||
| Cash and cash equivalents | $488,025 | $488,025 | $ |
| Debt: | |||
| Short-term borrowings | $10,000 | $10,000 | $ |
| Long-term borrowings | — | — | |
| Total borrowings | 10,000 | 10,000 | |
| Stockholder’s Equity: | |||
| Preferred stock, no par value; 100,000 shares authorized, none issued and outstanding, actual; preferred stock; no par value, 10,000,000 shares authorized, none issued and outstanding, pro forma | — | — | |
| Old common stock, $1.00 par value; 200,000 shares authorized, 26,876 shares issued and outstanding, actual; no shares authorized, no shares issued and outstanding, pro forma and pro forma as adjusted | 27 | — | |
| Class A common stock, $0.01 par value; no shares authorized, no shares issued and outstanding, actual; 20,000,000 shares authorized, no shares issued and outstanding, pro forma; 20,000,000 shares authorized, shares issued and outstanding, pro forma as adjusted | — | — | |
| Actual · Pro Forma · Pro FormaAs Adjusted | ||||
|---|---|---|---|---|
| (dollars in thousands) | ||||
| Class B common stock, $0.01 par value; no shares authorized, no shares issued and outstanding, actual; 10,000,000 shares authorized, 4,568,920 shares issued and outstanding, pro forma; 10,000,000 shares authorized, shares issued and outstanding, pro forma as adjusted | — | 46 | ||
| Additional paid-in capital | 38,295 | 38,277 | ||
| Retained earnings | 66,414 | 66,414 | ||
| Accumulated other comprehensive loss | (10,743) | (10,743) | ||
| Total stockholder’s equity | 93,993 | 93,993 | ||
| Total capitalization | $103,993 | $103,993 | $ | |
| Capital Ratios: | ||||
| Tangible common equity to tangible total assets ratio(1) | 6.66% | 6.66% | % | |
| Common equity Tier 1 capital ratio | 26.27% | 26.27% | % | |
| Tier 1 capital ratio | 26.27% | 26.27% | % | |
| Total risk-based capital ratio | 27.42% | 27.42% | % | |
| Tier 1 leverage ratio | 8.30% | 8.30% | % | |
| (1) | The ratio of tangible common equity to tangible total assets is calculated in accordance with GAAP and represents the ratio of common equity to total asset. The Company did not have any intangible assets or goodwill as of June 30, 2024. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.