CHAIN BRIDGE BANCORP INC
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
CBNA$51.15-0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| 2024 | 2023 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $20,949 | $8,831 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation and amortization of premises and equipment | 494 | 491 |
| Premium amortization (discount accretion) on investment securities, net | (506) | 1,616 |
| Recapture of impairment loss on securities previously recognized in earnings | (3) | (13) |
| Fair value loss (gain) on equity security | 5 | (7) |
| Provision for (recapture of) loan credit losses | 195 | (163) |
| Provision for (recapture of) securities credit losses | (356) | 804 |
| Loss on sale of securities | 81 | 389 |
| Gain on sale of mortgage loans | (27) | (12) |
| Origination of loans held for sale | (3,095) | (1,305) |
| Proceeds from sale of loans | 2,806 | 1,317 |
| Deferred income tax benefit | (157) | (99) |
| Changes in assets and liabilities: | ||
| Net (increase) decrease in accrued interest receivable and other assets | (792) | 170 |
| Net increase in accrued interest payable, accrued expenses and other liabilities | 2,203 | 793 |
| Net cash provided by operating activities | 21,797 | 12,812 |
| Cash flows from investing activities | ||
| Securities available for sale: | ||
| Purchases of securities | (282,586) | (23,138) |
| Proceeds from sales, calls, maturities, recoveries, and paydowns | 187,614 | 50,750 |
| Securities held to maturity: | ||
| Purchases of securities | — | (263) |
| Proceeds from sales, calls, maturities and paydowns | 7,351 | 3,216 |
| Purchase of restricted securities, net | (273) | (112) |
| Reinvestment of dividends on equity security | (15) | (12) |
| Net (increase) decrease in loans | (9,143) | 16,049 |
| Purchases of premises and equipment | (223) | (269) |
| Net cash provided by (used in) by investing activities | (97,275) | 46,221 |
| Cash flows from financing activities | ||
| Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits | 142,941 | 154,902 |
| Net increase (decrease) in time deposits | (5,031) | 4,169 |
| Repayment of short-term borrowings | (5,000) | — |
| Net proceeds from stock issuance | 36,540 | — |
| Net cash provided by financing activities | 169,450 | 159,071 |
| Net increase in cash and cash equivalents | 93,972 | 218,104 |
| Cash and cash equivalents, beginning of period | 316,767 | 98,663 |
| Cash and cash equivalents, end of period | $410,739 | $316,767 |
| Supplemental disclosures of cash flow information | ||
| Cash payments for interest | $3,718 | $4,005 |
| Cash payments for taxes | 6,411 | 2,047 |
| Supplemental disclosures of noncash investing activities | ||
| Fair value adjustment for available for sale securities | $3,044 | $6,587 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.