NORTHPOINTE BANCSHARES INC
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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FY2024 · Filed Mar 28, 2025
NPB$15.90+0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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, 202 and
Consolidated Balance Sheets
December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $376,295 | $351,890 |
| Equity securities | 1,305 | 1,318 |
| Debt securities available for sale (Note 19) | 8,576 | 14,727 |
| Other securities | 69,574 | 67,487 |
| Loans held for sale, at fair value | 217,073 | 352,443 |
| Total loans ($172,960 and $100,158 at fair value at 2024 and 2023, respectively) | 4,427,754 | 3,781,199 |
| Allowance for credit losses (Note 3) | (11,190) | (12,295) |
| Net loans | 4,416,564 | 3,768,904 |
| Mortgage servicing rights (Note 5) | 15,133 | 95,339 |
| Intangible assets, net | 2,099 | 4,541 |
| Premises and equipment (Note 4) | 27,292 | 29,296 |
| Other assets (Note 6) | 90,100 | 72,534 |
| Total Assets | $5,224,011 | $4,758,479 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Deposits: (Note 7) | ||
| Noninterest-bearing | $208,938 | $253,143 |
| Interest-bearing | 3,213,617 | 2,672,415 |
| Total Deposits | 3,422,555 | 2,925,558 |
| Borrowings (Note 8) | 1,258,750 | 1,275,000 |
| Subordinated debentures (Note 11) | 38,933 | 34,368 |
| Subordinated debentures issues through trusts (Note 12) | 5,000 | 5,000 |
| Deferred tax liability | 3,477 | 24,132 |
| Other liabilities | 32,806 | 63,801 |
| Total Liabilities | 4,761,521 | 4,327,859 |
| Stockholders' Equity | ||
| Preferred Stock Non-Cumulative - No Par Value; 5,000,000 shares authorized | ||
| Series A - 82,000 shares issued and outstanding at 2024 with a liquidation preference of $82,000 and 95,000 shares issued and outstanding at 2023 with a liquidation preference of $95,000 | ||
| Common Stock - No Par Value | ||
| Authorized - 101,500,000; shares issued and outstanding - 25,684,560 and 25,689,560 shares at 2024 and 2023, respectively | ||
| Additional paid in capital | 166,847 | 180,046 |
| Retained earnings | 295,967 | 251,375 |
| Accumulated other comprehensive loss | (324) | (801) |
| Total Stockholders' Equity | 462,490 | 430,620 |
| Total Liabilities and Stockholders' Equity | $5,224,011 | $4,758,479 |
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