Eagle Bancorp Montana Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
EBMT$20.58-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS: | ||
| Cash and due from banks | $23,243 | $19,321 |
| Interest-bearing deposits in banks | 1,302 | 2,490 |
| Federal funds sold | - | - |
| Total cash and cash equivalents | 24,545 | 21,811 |
| Securities available-for-sale, at fair value (amortized cost of $345,355 and $385,275 at December 31, 2023 and December 31, 2022, respectively) | 318,279 | 349,495 |
| Federal Home Loan Bank ("FHLB") stock | 9,191 | 5,089 |
| Federal Reserve Bank ("FRB") stock | 4,131 | 4,131 |
| Mortgage loans held-for-sale, at fair value | 11,432 | 8,250 |
| Loans receivable, net of allowance for credit losses of $16,440 and $14,000 at December 31, 2023 and December 31, 2022, respectively (1) | 1,468,049 | 1,339,678 |
| Accrued interest and dividends receivable | 12,485 | 11,284 |
| Mortgage servicing rights, net | 15,853 | 15,412 |
| Assets held-for-sale, at fair value | - | 1,305 |
| Premises and equipment, net | 94,282 | 84,323 |
| Cash surrender value of life insurance, net | 47,939 | 47,724 |
| Goodwill | 34,740 | 34,740 |
| Core deposit intangible, net | 5,880 | 7,459 |
| Deferred tax asset, net | 9,771 | 10,808 |
| Other assets | 19,089 | 6,875 |
| Total assets | $2,075,666 | $1,948,384 |
| LIABILITIES: | ||
| Deposit accounts: | ||
| Noninterest-bearing | $418,727 | $468,955 |
| Interest-bearing | 1,216,468 | 1,166,317 |
| Total deposits | 1,635,195 | 1,635,272 |
| Accrued expenses and other liabilities | 36,462 | 26,458 |
| FHLB advances and other borrowings | 175,737 | 69,394 |
| Other long-term debt: | ||
| Principal amount | 60,155 | 60,155 |
| Unamortized debt issuance costs | (1,156) | (1,311) |
| Total other long-term debt, net | 58,999 | 58,844 |
| Total liabilities | 1,906,393 | 1,789,968 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred stock (par value $0.01 per share; 1,000,000 shares authorized; no shares issued or outstanding) | - | - |
| Common stock ($0.01 par value; 20,000,000 shares authorized; 8,507,429 shares issued at December 31, 2023 and 2022 respectively; 8,016,784 and 8,006,033 shares outstanding at December 31, 2023 and 2022, respectively) | 85 | 85 |
| Additional paid-in capital | 108,819 | 109,164 |
| Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") | (4,583) | (5,156) |
| Treasury stock, at cost (490,645 and 501,396 shares at December 31, 2023 and 2022, respectively) | (11,124) | (11,343) |
| Retained earnings | 96,021 | 92,023 |
| Accumulated other comprehensive loss, net of tax | (19,945) | (26,357) |
| Total shareholders' equity | 169,273 | 158,416 |
| Total liabilities and shareholders' equity | $2,075,666 | $1,948,384 |
| (1) Allowance for credit losses at December 31, 2023; allowance for loan losses at December 31, 2022. | ||
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