BV Financial, Inc.
For the period ended Mar 31, 2026. Filed May 11, 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 11, 2026
BVFL$21.27-3.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (dollars in thousands) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $1,091 | $2,099 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Net accretion of discounts and premiums | (10) | (232) |
| (Recovery) provision of credit losses | (11) | 297 |
| Proceeds received on foreclosed real estate | — | 1 |
| Accretion of deferred loan fees/costs | (63) | (42) |
| Amortization of intangible assets | 45 | 45 |
| Amortization of debt issuance costs | — | 39 |
| Depreciation of premises and equipment | 193 | 198 |
| Deferred tax expense (benefit) | 173 | (164) |
| Increase in cash surrender value of life insurance | (86) | (87) |
| Stock-based compensation expense | 691 | 1,217 |
| ESOP compensation expense | 49 | 45 |
| Decrease in accrued interest and other assets | 269 | 293 |
| Increase in other liabilities | 1,346 | 1,098 |
| Net cash provided by operating activities | 3,687 | 4,807 |
| Cash flows from investing activities | ||
| (Increase) decrease in equity trading account | (2) | 3 |
| Proceeds from maturities and principal payments of investment securities available for sale | 6,297 | 7,726 |
| Purchases of investment securities available for sale | (6,000) | (5,301) |
| Proceeds from maturities and principal payments of investment securities held to maturity | 46 | 71 |
| (Increase) decrease in loans | 19,394 | (12,264) |
| Purchase of premises and equipment | (7) | (217) |
| Purchase of Federal Home Loan Bank of Atlanta stock | — | (19) |
| Net cash (used in) provided by investing activities | 19,728 | (10,001) |
| Cash flows provided by financing activities | ||
| Net (decrease) increase in deposits | (2,581) | 6,495 |
| Repurchase of shares | (1,962) | (981) |
| Net cash (used in) provided by financing activities | (4,543) | 5,514 |
| Net increase in cash and cash equivalents | 18,872 | 320 |
| Cash and cash equivalents at beginning of period | 55,705 | 70,500 |
| Cash and cash equivalents at end of period | $74,577 | $70,820 |
| Supplementary cash flows information | ||
| Interest paid | $2,494 | $2,331 |
| Income taxes paid (recovered) | $151 | $(173) |
| Supplementary noncash transactions | ||
| Noncash investing and financing activities: | ||
| Net change on equity investments | $— | $14 |
| Net change on available for sale securities | 49 | (119) |
| Net change on loans | — | (39) |
| Deferred tax assets | (13) | 74 |
| Net change in adjusted other comprehensive income | (36) | 194 |
See notes to consolidated financial statements. 5
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