GBank Financial Holdings Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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, 2025 · Filed Nov 12, 2025
GBFH$15.34-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended | |||
|---|---|---|---|
| (Dollars in thousands) · September 30, 2025 · September 30, 2024 | |||
| Cash flows from operating activities: | |||
| Net income | $13,533 | $13,392 | |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Provision for credit losses | 4,032 | 893 | |
| Depreciation | 175 | 188 | |
| Amortization and writeoff of loan servicing assets | 4,150 | 3,647 | |
| Amortization of operating lease right of use assets | 656 | 600 | |
| Amortization of subordinated debt issuance costs | 56 | 57 | |
| Investment securities amortization and accretion, net | (573) | (243) | |
| Stock compensation expense | 1,671 | 1,005 | |
| Gain on sale of loans | (8,722) | (8,084) | |
| Gross originations of loans held for sale | (309,916) | (260,003) | |
| Proceeds from sale of loans held for sale | 278,701 | 233,414 | |
| Income from bank owned life insurance | (464) | (300) | |
| Net change in deferred income taxes | (536) | - | |
| Decrease (increase) in accrued interest receivable | 89 | (1,510) | |
| (Decrease) increase in other assets | (2,593) | 60 | |
| Net change in operating lease liability | (551) | (465) | |
| Increase in accrued interest payable and other liabilities | 3,265 | 4,253 | |
| Net cash used in operating activities | (17,027) | (13,096) | |
| Cash flows from investing activities: | |||
| Purchases of premises and equipment | (195) | (172) | |
| Purchase of bank owned life insurance | (15,000) | - | |
| Purchase of securities available for sale | (28,832) | (37,227) | |
| Maturities and repayments of investment securities available for sale | 11,252 | 752 | |
| Maturities and repayments of investment securities held to maturity | 1,946 | 51,879 | |
| Purchase of FHLB stock | (861) | (1,429) | |
| Purchased loans | - | (44,184) | |
| Net change in loans | (129,886) | (91,424) | |
| Net cash used in investing activities | (161,576) | (121,805) | |
| Cash flows from financing activities: | |||
| Net increase in deposits | 157,097 | 137,820 | |
| Net change in short-term borrowings | - | (30,000) | |
| Proceeds from repayment of stock option loans | 548 | - | |
| Net proceeds from issuance of common stock | 226 | 106 | |
| Net cash provided by financing activities | 157,871 | 107,926 | |
| Net decrease in cash and cash equivalents | (20,732) | (26,975) | |
| Cash and cash equivalents beginning of period | 124,122 | 97,933 | |
| Cash and cash equivalents end of period | $103,390 | $70,958 | |
| Supplemental disclosures of cash flow information: | |||
| Cash payments for interest | $24,268 | $25,859 | |
| Cash payments for income tax | 3,236 | 3,895 | |
| Supplemental schedule of noncash investing and financing activities | |||
| Right of use asset and lease liabilities | $1,654 | $ | - |
| Capitalized mortgage servicing rights | 5,795 | 4,640 | |
| Loans transferred to other real estate owned | 2,684 | - | |
| Loans held for sale transferred to held for investment | - | 53,292 | |
| Investment in BankCard Services LLC | - | 3,299 | |
GBank Financial Holdings Inc.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.