CHAIN BRIDGE BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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, 2024 · Filed Nov 13, 2024
CBNA$51.15-0.3%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
For the Nine Months Ended September 30, 2024 and 2023
| September 30,2024 | September 30,2023 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $17,209 | $5,517 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation and amortization of premises and equipment | 372 | 243 |
| Premium amortization (discount accretion) and on investment securities, net | (325) | 1,263 |
| Recapture of impairment loss on securities previously recognized in earnings | (3) | (12) |
| Fair value adjustment (gain) loss on equity security | (11) | 15 |
| Provision for (recapture of) loan credit losses | (113) | (82) |
| Provision for (recapture of) securities credit losses | (297) | 804 |
| Loss on sale of securities | 65 | 312 |
| Gain on sale of mortgage loans | (25) | — |
| Origination of loans held for sale | (2,537) | (415) |
| Proceeds from sale of loans | 2,562 | — |
| Changes in assets and liabilities: | ||
| Increase in accrued interest receivable and other assets | (1,211) | (585) |
| Decrease in accrued interest payable, accrued expenses and other liabilities | 1,831 | 244 |
| Net cash provided by operating activities | 17,517 | 7,304 |
| Cash flows from investing activities | ||
| Securities available for sale: | ||
| Purchases of securities | (111,508) | (3,474) |
| Proceeds from calls, maturities, paydowns and sales | 80,964 | 28,378 |
| Securities held to maturity: | ||
| Proceeds from calls, maturities and paydowns | 5,471 | 248 |
| Purchase of restricted securities, net | (273) | (112) |
| Reinvestment of dividends on equity security | (11) | (9) |
| Net decrease in loans | 4,112 | 9,679 |
| Purchases of premises and equipment | (127) | (48) |
| Net cash (used in) provided by investing activities | (21,372) | 34,662 |
| Cash flows from financing activities | ||
| Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits | 326,716 | 109,142 |
| Net (decrease) increase in time deposits | (4,873) | 4,673 |
| Increase in short-term borrowings | 5,000 | — |
| Proceeds from stock issuance | 12 | — |
| Net cash provided by financing activities | 326,855 | 113,815 |
| Net increase in cash and cash equivalents | 323,000 | 155,781 |
| Cash and cash equivalents, beginning of period | 316,767 | 98,663 |
| Cash and cash equivalents, end of period | $639,767 | $254,444 |
| Supplemental disclosures of cash flow information | ||
| Cash payments for interest | $2,882 | $3,087 |
| Cash payments for taxes | $2,551 | $1,047 |
| Supplemental disclosures of noncash investing activities | ||
| Fair value adjustment for available for sale securities | $4,439 | $666 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.