Eagle Bancorp Montana, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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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.
FY2024 · Filed Mar 14, 2025
EBMT$20.74+0.9%Stored close · as of Nov 9, 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, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS: | ||
| Cash and due from banks | $29,824 | $23,243 |
| Interest-bearing deposits in banks | 1,735 | 1,302 |
| Federal funds sold | - | - |
| Total cash and cash equivalents | 31,559 | 24,545 |
| Securities available-for-sale, at fair value (amortized cost of $319,939 and $345,355 at December 31, 2024 and December 31, 2023, respectively) | 292,590 | 318,279 |
| Federal Home Loan Bank ("FHLB") stock | 7,778 | 9,191 |
| Federal Reserve Bank ("FRB") stock | 4,131 | 4,131 |
| Mortgage loans held-for-sale, at fair value | 13,368 | 11,432 |
| Loans receivable, net of allowance for credit losses of $16,850 and $16,440 at December 31, 2024 and December 31, 2023, respectively | 1,503,796 | 1,468,049 |
| Accrued interest and dividends receivable | 12,890 | 12,485 |
| Mortgage servicing rights, net | 15,376 | 15,853 |
| Assets held-for-sale, at cost | 960 | - |
| Premises and equipment, net | 101,540 | 94,282 |
| Cash surrender value of life insurance, net | 53,232 | 47,939 |
| Goodwill | 34,740 | 34,740 |
| Core deposit intangible, net | 4,499 | 5,880 |
| Deferred tax asset, net | 10,364 | 9,771 |
| Other assets | 16,267 | 19,089 |
| Total assets | $2,103,090 | $2,075,666 |
| LIABILITIES: | ||
| Deposit accounts: | ||
| Noninterest-bearing | $419,211 | $418,727 |
| Interest-bearing | 1,262,017 | 1,216,468 |
| Total deposits | 1,681,228 | 1,635,195 |
| Accrued expenses and other liabilities | 47,018 | 36,462 |
| FHLB advances and other borrowings | 140,930 | 175,737 |
| Other long-term debt: | ||
| Principal amount | 60,155 | 60,155 |
| Unamortized debt issuance costs | (1,006) | (1,156) |
| Total other long-term debt, net | 59,149 | 58,999 |
| Total liabilities | 1,928,325 | 1,906,393 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | ||
| 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, 2024 and 2023 respectively; 8,027,177 and 8,016,784 shares outstanding at December 31, 2024 and 2023, respectively) | 85 | 85 |
| Additional paid-in capital | 108,334 | 108,819 |
| Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") | (4,011) | (4,583) |
| Treasury stock, at cost (480,252 and 490,645 shares at December 31, 2024 and 2023, respectively) | (10,761) | (11,124) |
| Retained earnings | 101,264 | 96,021 |
| Accumulated other comprehensive loss, net of tax | (20,146) | (19,945) |
| Total shareholders' equity | 174,765 | 169,273 |
| Total liabilities and shareholders' equity | $2,103,090 | $2,075,666 |
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