FVCBankcorp, Inc.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
FVCB$16.32+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of income
(In thousands, except per share data)
| 2024 | 2023 | |
|---|---|---|
| Interest and Dividend Income | ||
| Interest and fees on loans | $106,668 | $98,373 |
| Interest and dividends on securities held-to-maturity | 6 | 6 |
| Interest and dividends on securities available-for-sale | 3,734 | 4,949 |
| Dividends on restricted stock | 611 | 646 |
| Interest on deposits at other financial institutions | 2,293 | 2,641 |
| Total interest and dividend income | $113,312 | $106,615 |
| Interest Expense | ||
| Interest on deposits | $53,206 | $47,345 |
| Interest on federal funds purchased | 2 | 11 |
| Interest on short-term debt | 3,488 | 3,833 |
| Interest on subordinated notes | 1,027 | 1,030 |
| Total interest expense | $57,723 | $52,219 |
| Net Interest Income | $55,589 | $54,396 |
| Provision for credit losses | 6 | 132 |
| Net interest income after provision for credit losses | $55,583 | $54,264 |
| Noninterest Income | ||
| Service charges on deposit accounts | $1,126 | $1,028 |
| BOLI income | 397 | 1,452 |
| Gain (loss) income from minority membership interests | 376 | (1,110) |
| Gain (loss) on sale of securities available-for-sale | — | (15,577) |
| Other income | 635 | 837 |
| Total noninterest income (loss) | $2,534 | $(13,370) |
| Noninterest Expenses | ||
| Salaries and employee benefits | $18,752 | $20,643 |
| Occupancy and equipment expense | 2,027 | 2,357 |
| Data processing and network administration | 2,719 | 2,468 |
| Internet banking and software expense | 2,990 | 2,505 |
| State franchise taxes | 2,358 | 2,338 |
| FDIC insurance | 1,321 | 1,433 |
| Marketing, business development and advertising | 969 | 724 |
| Loan related (benefit) expenses | 899 | (10) |
| Director's fee | 637 | 660 |
| Core deposit intangible amortization | 165 | 205 |
| Other operating expenses | 2,983 | 3,339 |
| Total noninterest expenses | $35,820 | $36,662 |
| Net income before income tax expense | $22,297 | $4,232 |
| Income tax expense | 7,233 | 410 |
| Net income | $15,064 | $3,822 |
| Earnings per share, basic | $0.83 | $0.22 |
| Earnings per share, diluted | $0.82 | $0.21 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.