BayFirst Financial Corp.

For the period ended Mar 31, 2026. Filed May 12, 2026.

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, 2026 · Filed May 12, 2026

BAFN$6.10+1.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets at (Unaudited) and

ASSETS
	March 31, 2026	December 31, 2025	(1)
Cash and due from banks	$6,848		$5,123
Interest-bearing deposits in banks	127,617		201,859
Cash and cash equivalents	134,465		206,982
Investment securities available for sale, at fair value (amortized cost: $31,268 and $31,974 at March 31, 2026 and December 31, 2025, respectively)	28,531		29,363
Investment securities held to maturity, at amortized cost, net of allowance for credit losses of $9 and $7 (fair value: $2,378 and $2,384 at March 31, 2026 and December 31, 2025, respectively)	2,491		2,493
Nonmarketable equity securities	4,662		4,656
Government guaranteed loans HFI, at fair value	51,807		54,076
Loans HFI, at amortized cost	878,619		909,818
Allowance for credit losses on loans	(20,632)		(21,996)
Net loans HFI, at amortized cost	857,987		887,822
Accrued interest receivable	7,683		8,421
Premises and equipment, net	30,690		31,188
Loan servicing rights	11,334		12,580
Deferred income tax asset	8,489		6,538
Right-of-use operating lease assets	14,171		14,504
Bank owned life insurance	27,457		27,264
Other real estate owned	400		400
Other assets	15,743		13,971
Total assets	$1,195,910		$1,300,258
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Noninterest-bearing deposit accounts	$111,476		$95,731
Interest-bearing transaction accounts	153,860		231,227
Savings and money market deposit accounts	432,781		454,639
Time deposits	387,752		402,341
Total deposits	1,085,869		1,183,938
Subordinated notes	6,099		5,962
Notes payable	1,479		1,593
Accrued interest payable	958		1,133
Operating lease liabilities	13,003		13,264
Accrued expenses and other liabilities	6,635		6,799
Total liabilities	1,114,043		1,212,689

CONDENSED CONSOLIDATED BALANCE SHEETS CONTINUED

(Dollars in thousands, except per share data)

Shareholders’ equity:
	March 31, 2026	December 31, 2025	(1)
Preferred stock, Series A; no par value, 10,000 shares authorized, 6,395 shares issued and outstanding at March 31, 2026 and December 31, 2025; aggregate liquidation preference of $6,827 at March 31, 2026 and $6,683 at December 31, 2025	6,161		6,161
Preferred stock, Series B; no par value, 20,000 shares authorized, 3,210 shares issued and outstanding at March 31, 2026 and December 31, 2025; aggregate liquidation preference of $3,402 at March 31, 2026 and $3,338 at December 31, 2025	3,123		3,123
Preferred stock, Series C; no par value, 10,000 shares authorized, 6,446 shares issued and outstanding at March 31, 2026 and December 31, 2025; aggregate liquidation preference of $6,978 at March 31, 2026 and $6,801 at December 31, 2025	6,446		6,446
Common stock and additional paid-in capital; no par value, 15,000,000 shares authorized, 4,108,072 and 4,108,609 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	54,390		54,371
Accumulated other comprehensive loss, net	(2,054)		(1,960)
Unearned compensation	(282)		(335)
Retained earnings	14,083		19,763
Total shareholders’ equity	81,867		87,569
Total liabilities and shareholders’ equity	$1,195,910		$1,300,258

(1) Derived from audited consolidated financial statements

ContentsView on SEC.gov

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