COASTAL FINANCIAL CORP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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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Consolidated Balance Sheets
| ASSETS | ||
|---|---|---|
| December 31,2025 | December 31,2024 | |
| Cash and due from banks | $34,241 | $36,533 |
| Interest earning deposits with other banks | 702,729 | 415,980 |
| Investment securities, available-for-sale, at fair value | 29 | 35 |
| Investment securities, held-to-maturity, at amortized cost | 48,218 | 47,286 |
| Other investments | 12,837 | 10,800 |
| Loans held for sale | 71,216 | 20,600 |
| Loans receivable | 3,749,531 | 3,486,565 |
| Allowance for credit losses | (169,530) | (176,994) |
| Total loans receivable, net | 3,580,001 | 3,309,571 |
| CCBX credit enhancement asset | 177,657 | 181,890 |
| CCBX receivable | 23,047 | 14,138 |
| Premises and equipment, net | 29,325 | 27,431 |
| Lease right-of-use assets | 4,821 | 5,219 |
| Accrued interest receivable | 18,613 | 21,104 |
| Bank-owned life insurance, net | 13,910 | 13,375 |
| Deferred tax asset, net | — | 3,600 |
| Intangible assets, net | 4,536 | — |
| Other assets | 20,257 | 13,646 |
| Total assets | $4,741,437 | $4,121,208 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Deposits | $4,144,199 | $3,585,332 |
| Subordinated debt, net | ||
| Principal amount $45,000 (less unamortized debt issuance costs of $557 and $707) at December 31, 2025 and December 31, 2024, respectively | 44,443 | 44,293 |
| Junior subordinated debentures, net | ||
| Principal amount $3,609 (less unamortized debt issuance costs of $16 and $18 at December 31, 2025 and December 31, 2024, respectively) | 3,593 | 3,591 |
| Deferred compensation | 267 | 332 |
| Accrued interest payable | 1,435 | 962 |
| Lease liabilities | 4,984 | 5,398 |
| CCBX payable | 27,492 | 29,171 |
| Deferred tax liability, net | 853 | — |
| Other liabilities | 23,212 | 13,425 |
| Total liabilities | 4,250,478 | 3,682,504 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock, no par value: | ||
| Authorized: 25,000,000 shares at December 31, 2025 and December 31, 2024; issued and outstanding: zero shares at December 31, 2025 and December 31, 2024 | — | — |
| Common stock, no par value: | ||
| Authorized: 300,000,000 shares at December 31, 2025 and December 31, 2024; 15,140,192 shares at December 31, 2025 issued and outstanding and 14,935,298 shares at December 31, 2024 issued and outstanding | 233,438 | 228,177 |
| Retained earnings | 257,522 | 210,529 |
| Accumulated other comprehensive loss, net of tax | (1) | (2) |
| Total shareholders’ equity | 490,959 | 438,704 |
| Total liabilities and shareholders’ equity | $4,741,437 | $4,121,208 |
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