Capital Bancorp Inc
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Capital Bancorp, Inc. and SubsidiariesConsolidated Statements of Cash Flows (unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $39,390 | $42,133 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 11,502 | 10,977 |
| Provision for credit losses on unfunded commitments | 216 | 217 |
| Provision for mortgage put-back reserve, net | 57 | 53 |
| Net amortization (accretion) on investment securities available-for-sale | (251) | (39) |
| Premises and equipment depreciation | 2,241 | 900 |
| Lease asset amortization | 1,297 | 1,274 |
| Amortization of intangible assets | 782 | 784 |
| Purchase accounting accretion, net | (1,177) | (8,108) |
| Increase in cash surrender value of BOLI | (1,166) | (1,149) |
| Net decrease (increase) in loan servicing assets | (178) | 1,334 |
| Executive long-term incentive plan expense | 556 | 682 |
| Stock-based compensation expense | 2,108 | 1,230 |
| Director and employee compensation paid in Company stock | 850 | 1,029 |
| Deferred income tax expense (benefit) | (2,131) | 1,547 |
| Fair value changes in derivative assets and liabilities | (1,312) | (1,331) |
| Decrease (increase) in valuation of loans held for sale carried at fair value | 30 | (45) |
| Proceeds from sales of loans held for sale | 283,826 | 268,901 |
| Originations of loans held for sale | (268,499) | (261,717) |
| Government lending revenue | (3,604) | (4,222) |
| Changes in assets and liabilities: | ||
| Accrued interest receivable | (6,494) | (2,347) |
| Taxes payable | 799 | (4,985) |
| Other assets | 9,118 | 321 |
| Accrued interest payable | (1,902) | (1,348) |
| Other liabilities | (13,894) | (2,931) |
| Net cash provided by operating activities | 52,164 | 43,160 |
| Cash flows from investing activities | ||
| Purchases of securities available-for-sale | (50,945) | (35,160) |
| Proceeds from calls and maturities of securities available-for-sale | 62,256 | 32,359 |
| Net proceeds from (purchases of) restricted investments | 2,037 | (2,578) |
| Net increase in portfolio loans receivable | (224,828) | (201,237) |
| Net purchases of premises and equipment | (2,154) | (1,953) |
| Net cash used in investing activities | (213,634) | (208,569) |
See accompanying Notes to Unaudited Consolidated Financial Statements
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Capital Bancorp, Inc. and SubsidiariesConsolidated Statements of Cash Flows (unaudited) (continued)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from financing activities | ||
| Net increase (decrease) in: | ||
| Noninterest-bearing deposits | (8,205) | 46,615 |
| Interest-bearing deposits | 234,493 | 110,728 |
| Federal Home Loan Bank advances | (50,000) | — |
| Dividends paid | (6,195) | (5,315) |
| Repurchase of common stock | (3,593) | (3,175) |
| Net proceeds from exercise of stock | 1,437 | 85 |
| Net cash provided by financing activities | 167,937 | 148,938 |
| Net increase (decrease) in cash and cash equivalents | 6,467 | (16,471) |
| Cash and cash equivalents, beginning of year | 255,565 | 205,332 |
| Cash and cash equivalents, end of period | $262,032 | $188,861 |
| Noncash investing and financing activities: | ||
| Reclassification of loans to loans held for sale in conjunction with branch sale | $60,176 | $— |
| Recognition of right-of-use lease asset and lease liability | $3,843 | $— |
| Change in unrealized gains (losses) on investments | $(4,537) | $6,170 |
| Goodwill measurement period adjustment | $— | $4,657 |
| Cash paid during the period for: | ||
| Taxes | $12,912 | $15,940 |
| Interest | $58,718 | $47,872 |
See accompanying Notes to Unaudited Consolidated Financial Statements
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