BV Financial, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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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, 2025 · Filed Nov 13, 2025
BVFL$21.27-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (dollars in thousands) | 2025 | 2024 |
| Cash flows from operating activities | ||
| Net income | $8,690 | $9,771 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Net accretion of discounts and premiums | 116 | (22) |
| Recovery of credit losses | (539) | (806) |
| Amortization of deferred loan fees/costs | (50) | 545 |
| Amortization of intangible assets | 135 | 135 |
| Amortization of debt issuance costs | 117 | 117 |
| Write-off fair market value of subordinated debentures | — | 566 |
| Depreciation of premises and equipment | 604 | 625 |
| Deferred tax (benefit) expense | (528) | 323 |
| Increase in cash surrender value of life insurance | (289) | (290) |
| Stock-based compensation expense | 3,483 | 235 |
| ESOP compensation expense | 137 | 126 |
| Decrease in accrued interest and other assets | 578 | 1,663 |
| Increase (decrease) in other liabilities | 3,131 | (858) |
| Net cash provided by operating activities | 15,585 | 12,130 |
| Cash flows from investing activities | ||
| Increase in equity trading account | (14) | — |
| Proceeds from maturities and principal payments of investment securities available for sale | 17,244 | 8,440 |
| Purchases of investment securities available for sale | (14,000) | (12,500) |
| Proceeds from maturities and principal payments of investment securities held to maturity | 196 | 4,179 |
| (Increase) decrease in loans | (8,041) | 11,830 |
| Purchase of premises and equipment | (369) | (594) |
| Proceeds from sale of Federal Home Loan Bank of Atlanta stock | 1,014 | — |
| Purchase of Federal Home Loan Bank of Atlanta stock | (304) | (28) |
| Net cash (used in) provided by investing activities | (4,274) | 11,327 |
| Cash flows provided by financing activities | ||
| Increase in official checks | 2,611 | 56 |
| Net increase in deposits | 12,299 | 267 |
| Decrease in advance payments by borrowers for taxes and insurance | (153) | (364) |
| Advances from the Federal Home Loan Bank of Atlanta | 6,000 | — |
| Repayment of advances from the Federal Home Loan Bank of Atlanta | (21,000) | — |
| Repayment of subordinate debt | — | (3,093) |
| Repurchase of shares | (18,022) | — |
| Net cash (used in) provided by financing activities | (18,265) | (3,134) |
| Net (decrease) and increase in cash and cash equivalents | (6,954) | 20,323 |
| Cash and cash equivalents at beginning of period | 70,500 | 73,742 |
| Cash and cash equivalents at end of period | $63,546 | $94,065 |
| Supplementary cash flows information | ||
| Interest paid | $8,318 | $7,729 |
| Income taxes paid | $2,425 | $4,190 |
| Supplementary noncash transactions | ||
| Noncash investing and financing activities: | ||
| Net change on available for sale securities | $(583) | $(366) |
| Deferred tax assets | 160 | 204 |
| Net change in adjusted other comprehensive income | 423 | 537 |
See notes to consolidated financial statements. 6
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