Capital Bancorp Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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 12, 2024
CBNK$42.40-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets
| Capital Bancorp, Inc. and SubsidiariesConsolidated Balance Sheets (unaudited) | ||
|---|---|---|
| (in thousands, except share data) | September 30, 2024 | December 31, 2023 |
| Assets | ||
| Cash and due from banks | $23,462 | $14,513 |
| Interest-bearing deposits at other financial institutions | 133,180 | 39,044 |
| Federal funds sold | 58 | 407 |
| Total cash and cash equivalents | 156,700 | 53,964 |
| Investment securities available-for-sale | 208,700 | 208,329 |
| Restricted investments | 5,895 | 4,353 |
| Loans held for sale | 19,554 | 7,481 |
| Portfolio loans receivable, net of deferred fees and costs | 2,107,522 | 1,903,288 |
| Less allowance for credit losses | (31,925) | (28,610) |
| Total portfolio loans held for investment, net | 2,075,597 | 1,874,678 |
| Premises and equipment, net | 5,959 | 5,069 |
| Accrued interest receivable | 12,468 | 11,494 |
| Deferred tax asset | 10,748 | 12,252 |
| Bank owned life insurance | 38,779 | 37,711 |
| Accounts receivable | 597 | 1,055 |
| Other assets | 25,791 | 9,790 |
| Total assets | $2,560,788 | $2,226,176 |
| Liabilities | ||
| Deposits | ||
| Noninterest-bearing | $718,120 | $617,373 |
| Interest-bearing | 1,468,104 | 1,278,623 |
| Total deposits | 2,186,224 | 1,895,996 |
| Federal Home Loan Bank advances | 52,000 | 22,000 |
| Other borrowed funds | 12,062 | 27,062 |
| Accrued interest payable | 8,503 | 5,583 |
| Other liabilities | 21,888 | 20,675 |
| Total liabilities | 2,280,677 | 1,971,316 |
| Stockholders' equity | ||
| Common stock, $0.01 par value; 49,000,000 shares authorized; 13,917,891 issued and outstanding at September 30, 2024;13,922,532 issued and outstanding at December 31, 2023 | 139 | 139 |
| Additional paid-in capital | 55,585 | 54,473 |
| Retained earnings | 232,995 | 213,345 |
| Accumulated other comprehensive loss | (8,608) | (13,097) |
| Total stockholders' equity | 280,111 | 254,860 |
| Total liabilities and stockholders' equity | $2,560,788 | $2,226,176 |
See accompanying Notes to Unaudited Consolidated Financial Statements
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