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Midas Edge

NB Bancorp Inc

For the period ended Mar 31, 2025. Filed May 9, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 9, 2025

NBBK$22.34+1.1%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 exhibits
Contents

Table of Contents

Index

​​Page
Part I. Financial Information​
​​​
Item 1.Consolidated Financial Statements​
​​​
​Consolidated Balance Sheets as of March 31, 2025 (unaudited) and December 31, 20241
​​​
​Consolidated Statements of Income for the Three Months Ended March 31, 2025 and 2024 (unaudited)2
​​​
​Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and 2024 (unaudited)3
​​​
​Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2025 and 2024 (unaudited)4
​​​
​Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (unaudited)5
​​​
​Notes to Consolidated Financial Statements (unaudited)6
​​​
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations28
​​​
Item 3.Quantitative and Qualitative Disclosures about Market Risk38
​​​
Item 4.Controls and Procedures39
​​​
Part II. Other Information​
​​​
Item 1.Legal Proceedings39
​​​
Item 1A.Risk Factors39
​​​
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39
​​​
Item 3.Defaults upon Senior Securities39
​​​
Item 4.Mine Safety Disclosures39
​​​
Item 5.Other Information40
​​​
Item 6.Exhibits40
​​​
​Signature Page41
​​​​​​​
Part I. – Financial Information
​​​​​​​
Item 1. Financial Statements​​​​​​
​​​​​​​
NB Bancorp, Inc.
Consolidated Balance Sheets
March 31, 2025 (Unaudited) and December 31, 2024
(in thousands except share and per share data)
​​​​​​​
​March 31, 2025​December 31, 2024
Assets​​​​​​
Cash and due from banks​$201,140​$211,166
Federal funds sold​​112,306​​152,689
Total cash and cash equivalents​​313,446​​363,855
​​​​​​​
Available-for-sale securities, at fair value​​234,680​​228,205
​​​​​​​
Loans receivable, net of deferred fees​​4,464,500​​4,333,152
Allowance for credit losses​​(38,338)​​(38,744)
Net loans​​4,426,162​​4,294,408
​​​​​​​
Accrued interest receivable​​19,533​​19,685
Banking premises and equipment, net​​34,069​​34,654
Non-public investments​​24,710​​24,364
Bank-owned life insurance ("BOLI")​​103,688​​102,785
Prepaid expenses and other assets​​56,150​​59,482
Deferred income tax asset, net​​29,719​​30,299
Total assets​$5,242,157​$5,157,737
​​​​​​​
Liabilities and shareholders' equity​​​​​​
​​​​​​​
Deposits​​​​​​
Core deposits​$4,017,378​$3,867,846
Brokered deposits​​309,239​​309,806
Total deposits​​4,326,617​​4,177,652
Mortgagors' escrow accounts​​4,464​​4,549
FHLB borrowings​​90,835​​120,835
Accrued expenses and other liabilities​​60,344​​65,708
Accrued retirement liabilities​​20,286​​23,826
Total liabilities​​4,502,546​​4,392,570
​​​​​​​
Shareholders' equity:​​​​​​
Preferred stock, $0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding​​—​​—
Common stock, $0.01 par value, 120,000,000 shares authorized; 40,570,443 and 42,705,729​​​​​​
shares issued and outstanding at March 31, 2025 and December 31, 2024 respectively​​406​​427
Additional paid-in capital​​376,773​​417,247
Unallocated common shares held by the Employee Stock Ownership Plan ("ESOP")​​(44,231)​​(44,813)
Retained earnings​​413,128​​400,473
Accumulated other comprehensive loss​​(6,465)​​(8,167)
Total shareholders' equity​​739,611​​765,167
Total liabilities and shareholders' equity​$5,242,157​$5,157,737
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.