FVCBankcorp, Inc.

For the period ended Dec 31, 2024. Filed Mar 20, 2025.

About 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 Mar 20, 2025

FVCB$16.29+0.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated statements of condition

December 31, 2024 and 2023

(In thousands, except share data)

December 31, 2024 · December 31, 2023
Assets
Cash and due from banks				$8,161		$8,042
Interest-bearing deposits at other financial institutions				82,789		52,480
Securities held-to-maturity (fair value of $256 thousand and $252 thousand at December 31, 2024 and 2023, respectively), net of allowance for credit losses of $0 and $0 at December 31, 2024 and 2023, respectively.				265		264
Securities available-for-sale, at fair value				156,475		171,595
Restricted stock, at cost				8,186		9,488
Loans, net of allowance for credit losses of $18.1 million and $18.9 million at December 31, 2024 and 2023, respectively				1,852,106		1,809,693
Premises and equipment, net				858		997
Accrued interest receivable				10,315		10,321
Prepaid expenses				3,413		3,506
Deferred tax assets, net				13,273		14,823
Goodwill and intangibles, net				7,420		7,585
Bank owned life insurance				9,219		56,823
Operating lease right-of-use assets				7,124		8,395
Other assets				39,346		36,546
Total assets				$2,198,950		$2,190,558
Liabilities and Stockholders' Equity
Liabilities
Deposits:
Nonnterest-bearing				$365,666		$396,724
Interest-bearing checking				623,811		576,471
Savings and money market				383,087		320,498
Time deposits				248,154		306,349
Wholesale deposits				249,887		245,250
Total deposits				$1,870,605		$1,845,292
Other borrowed funds				$50,000		$85,000
Subordinated notes, net of issuance costs				18,695		19,620
Accrued interest payable				2,505		2,415
Operating lease liabilities				7,638		9,241
Reserves for unfunded commitments				510		602
Accrued expenses and other liabilities				13,643		11,271
Total liabilities				$1,963,596		$1,973,441
Commitments and Contingent Liabilities
Shareholders' Equity	2024	2023
Preferred stock, $0.01 par value
Shares authorized	1,000,000		1,000,000
Shares issued and outstanding	—		—		$—		$—
Common stock, $0.01 par value
Shares authorized	20,000,000		20,000,000
Shares issued and outstanding	18,204,455		17,806,995		182		178
Additional paid-in capital				127,471		125,209
Retained earnings				130,967		115,890
Accumulated other comprehensive (loss), net				(23,266)		(24,160)
Total shareholders' equity				$235,354		$217,117
Total liabilities and shareholders' equity				$2,198,950		$2,190,558

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.