California BanCorp CA
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
View on SEC.govAbout this filing
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 Apr 1, 2025
BCAL$22.08+1.3%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 exhibitsContents
Consolidated Balance Sheets
(dollars in thousands, except share data)
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $60,471 | $33,008 |
| Federal funds and interest-bearing balances | 327,691 | 53,785 |
| Total cash and cash equivalents | 388,162 | 86,793 |
| Debt securities available for sale, at fair value (amortized cost of $151,429 and $136,366 at December 31, 2024 and 2023, respectively) | 142,001 | 130,035 |
| Debt securities held to maturity, at amortized cost, net of allowance of $0 for both periods (fair value of $47,823 and $50,432 at December 31, 2024 and 2023, respectively) | 53,280 | 53,616 |
| Loans held for sale, at lower of cost or fair value | 17,180 | 7,349 |
| Loans held for investment | 3,139,165 | 1,957,442 |
| Allowance for credit losses on loans | (50,540) | (22,569) |
| Loans held for investment, net | 3,088,625 | 1,934,873 |
| Restricted stock, at cost | 30,829 | 16,055 |
| Premises and equipment, net | 13,595 | 13,270 |
| Right-of-use asset | 14,350 | 9,291 |
| Other real estate owned, net | 4,083 | — |
| Goodwill | 111,787 | 37,803 |
| Intangible assets, net | 22,271 | 1,195 |
| Bank owned life insurance | 66,636 | 38,918 |
| Deferred taxes, net | 43,127 | 11,137 |
| Accrued interest and other assets | 35,728 | 19,917 |
| Total assets | $4,031,654 | $2,360,252 |
| LIABILITIES | ||
| Noninterest-bearing demand | $1,257,007 | $675,098 |
| Interest-bearing NOW accounts | 673,589 | 381,943 |
| Money market and savings accounts | 1,182,927 | 636,685 |
| Time deposits | 285,237 | 249,830 |
| Total deposits | 3,398,760 | 1,943,556 |
| Borrowings | 69,725 | 102,865 |
| Operating lease liability | 18,310 | 12,117 |
| Accrued interest and other liabilities | 33,023 | 13,562 |
| Total liabilities | 3,519,818 | 2,072,100 |
| Commitments and contingencies (Notes 4 and 14) | ||
| SHAREHOLDERS’ EQUITY | ||
| Preferred stock - 50,000,000 shares authorized, no par value; no shares issued and outstanding at December 31, 2024 and 2023 | — | — |
| Common stock - 50,000,000 shares authorized, no par value; issued and outstanding 32,265,935 and 18,369,115 at December 31, 2024 and 2023 | 442,469 | 222,036 |
| Retained earnings | 76,008 | 70,575 |
| Accumulated other comprehensive loss - net of taxes | (6,641) | (4,459) |
| Total shareholders’ equity | 511,836 | 288,152 |
| Total liabilities and shareholders’ equity | $4,031,654 | $2,360,252 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.