RBB Bancorp
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
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)
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $27,747 | $22,671 |
| Interest-earning deposits in other financial institutions | 229,998 | 408,702 |
| Cash and cash equivalents | 257,745 | 431,373 |
| Interest-earning time deposits in other financial institutions | 600 | 600 |
| Securities: | ||
| Available for sale | 420,190 | 318,961 |
| Held to maturity (fair value of $4,948 and $5,097 at December 31, 2024 and December 31, 2023) | 5,191 | 5,209 |
| Loans held for sale | 11,250 | 1,911 |
| Loans held for investment | 3,053,230 | 3,031,861 |
| Allowance for loan losses | (47,729) | (41,903) |
| Loans held for investment, net of allowance for loan losses | 3,005,501 | 2,989,958 |
| Premises and equipment, net | 24,601 | 25,684 |
| Federal Home Loan Bank (FHLB) stock | 15,000 | 15,000 |
| Net deferred tax assets | 19,055 | 15,765 |
| Income tax receivable | 10,311 | 1,235 |
| Cash surrender value of bank owned life insurance (BOLI) | 60,296 | 58,719 |
| Goodwill | 71,498 | 71,498 |
| Servicing assets | 6,985 | 8,110 |
| Core deposit intangibles | 2,011 | 2,795 |
| Right-of-use assets - operating leases | 28,048 | 29,803 |
| Accrued interest and other assets | 54,195 | 49,404 |
| Total assets | $3,992,477 | $4,026,025 |
| Liabilities and Shareholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $563,012 | $539,621 |
| Savings, NOW and money market accounts | 663,034 | 632,729 |
| Time deposits $250,000 and under | 1,007,452 | 1,190,821 |
| Time deposits over $250,000 | 850,291 | 811,589 |
| Total deposits | 3,083,789 | 3,174,760 |
| Reserve for unfunded commitments | 729 | 640 |
| FHLB advances | 200,000 | 150,000 |
| Long-term debt, net of issuance costs | 119,529 | 119,147 |
| Subordinated debentures (net of unamortized valuation reserve of $2,371 and $2,589 at December 31, 2024 and December 31, 2023) | 15,156 | 14,938 |
| Lease liabilities - operating leases | 29,705 | 31,191 |
| Accrued interest and other liabilities | 35,692 | 24,089 |
| Total liabilities | 3,484,600 | 3,514,765 |
| Shareholders' equity: | ||
| Preferred Stock - 100,000,000 shares authorized, no par value; none outstanding | — | — |
| Common Stock - 100,000,000 shares authorized, no par value; 17,720,416 shares issued and outstanding at December 31, 2024 and 18,609,179 shares issues and outstanding at December 31, 2023 | 259,957 | 271,925 |
| Additional paid-in capital | 3,645 | 3,623 |
| Retained earnings | 264,460 | 255,152 |
| Non-controlling interest | 72 | 72 |
| Accumulated other comprehensive loss, net | (20,257) | (19,512) |
| Total shareholders’ equity | 507,877 | 511,260 |
| Total liabilities and shareholders’ equity | $3,992,477 | $4,026,025 |
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