RBB Bancorp
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
RBB$26.05+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
AS OF DECEMBER 31,
(In thousands, except for share data)
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $431,373 | $83,548 |
| Interest-earning deposits in other financial institutions | 600 | 600 |
| Securities: | ||
| Available for sale | 318,961 | 256,830 |
| Held to maturity (fair value of $5,097 and $5,563 at December 31, 2023 and December 31, 2022) | 5,209 | 5,729 |
| Mortgage loans held for sale | 1,911 | — |
| Loans held for investment | 3,031,319 | 3,336,970 |
| Unaccreted discount on acquired loans | (970) | (1,238) |
| Deferred loan costs, net | 1,512 | 717 |
| Total loans, net of deferred loan costs and unaccreted discounts on acquired loans | 3,031,861 | 3,336,449 |
| Allowance for loan losses | (41,903) | (41,076) |
| Total loans held for investment, net | 2,989,958 | 3,295,373 |
| Premises and equipment, net | 25,684 | 27,009 |
| Federal Home Loan Bank (FHLB) stock | 15,000 | 15,000 |
| Net deferred tax assets | 15,765 | 16,977 |
| Cash surrender value of bank owned life insurance (BOLI) | 58,719 | 57,310 |
| Goodwill | 71,498 | 71,498 |
| Servicing assets | 8,110 | 9,521 |
| Core deposit intangibles | 2,795 | 3,718 |
| Right-of-use assets - operating leases | 29,803 | 25,447 |
| Accrued interest and other assets | 50,639 | 50,498 |
| Total assets | $4,026,025 | $3,919,058 |
| Liabilities and Shareholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $539,621 | $798,741 |
| Savings, NOW and money market accounts | 632,729 | 615,339 |
| Time deposits $250,000 and under | 1,190,821 | 837,369 |
| Time deposits over $250,000 | 811,589 | 726,234 |
| Total deposits | 3,174,760 | 2,977,683 |
| Reserve for unfunded commitments | 640 | 1,157 |
| FHLB advances | 150,000 | 220,000 |
| Long-term debt, net of issuance costs | 119,147 | 173,585 |
| Subordinated debentures (net of unamortized valuation reserve of $2,589 and $2,807 at December 31, 2023 and December 31, 2022) | 14,938 | 14,720 |
| Lease liabilities - operating leases | 31,191 | 26,523 |
| Accrued interest and other liabilities | 24,089 | 20,827 |
| Total liabilities | 3,514,765 | 3,434,495 |
| Shareholders' equity: | ||
| Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding | — | — |
| Common Stock - 100,000,000 shares authorized, no par value; 18,609,179 shares issued and outstanding at December 31, 2023 and 18,965,776 shares issues and outstanding at December 31, 2022 | 271,925 | 276,912 |
| Additional paid-in capital | 3,623 | 3,361 |
| Retained earnings | 255,152 | 225,883 |
| Non-controlling interest | 72 | 72 |
| Accumulated other comprehensive loss, net | (19,512) | (21,665) |
| Total shareholders’ equity | 511,260 | 484,563 |
| Total liabilities and shareholders’ equity | $4,026,025 | $3,919,058 |
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