COASTAL FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Mar 17, 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 17, 2025
CCB$43.62+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
INDEX
| Page | ||
|---|---|---|
| Forward Looking Statements | i | |
| Part I | ||
| Explanatory Note | ||
| Item 1 | Business | 3 |
| Information About our Executive Officers | 29 | |
| Item 1A | Risk Factors | 30 |
| Item 1B | Unresolved Staff Comments | 52 |
| Item 1C | Cybersecurity | 52 |
| Item 2 | Properties | 53 |
| Item 3 | Legal Proceedings | 53 |
| Item 4 | Mine Safety Disclosures | 53 |
| Part II | ||
| Item 5 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases | 54 |
| Item 6 | [Reserved] | 56 |
| Item 7 | Management’s Discussion and Analysis of Financial Condition and Operations | 56 |
| Item 7A | Quantitative and Qualitative Disclosures About Market Risk | 121 |
| Item 8 | Financial Statements and Supplementary Data (Moss Adams LLP, Everett, WA, PCAOB ID: 659 ) | 121 |
| Consolidated Balance Sheets | 126 | |
| Consolidated Statements of Income | 127 | |
| Consolidated Statements of Comprehensive Income | 129 | |
| Consolidated Statements of Changes in Shareholders' Equity | 130 | |
| Consolidated Statements of Cash Flows | 131 | |
| Notes to Consolidated Financial Statements | 133 | |
| Item 9 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 197 |
| Item 9A | Controls and Procedures | 197 |
| Item 9B | Other Information | 198 |
| Item 9C | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 198 |
| Part III | ||
| Item 10 | Directors, Executive Officers and Corporate Governance | 199 |
| Item 11 | Executive Compensation | 199 |
| Item 12 | Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters | 199 |
| Item 13 | Certain Relationships and Related Transactions, and Director Independence | 200 |
| Item 14 | Principal Accountant Fees and Services | 200 |
| Part IV | ||
| Item 15 | Exhibits and Financial Statement Schedules | 201 |
| Signatures | 205 | |
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