FIRSTSUN CAPITAL BANCORP
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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.
FY2023 · Filed Mar 7, 2024
FSUN$39.35+1.1%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
As of December 31,
| (In thousands, except par and share amounts) | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $479,362 | $343,526 |
| Securities available-for-sale, at fair value | 516,757 | 536,973 |
| Securities held-to-maturity, fair value of $32,181 and $33,218, respectively | 36,983 | 38,901 |
| Loans held-for-sale, at fair value | 54,212 | 57,323 |
| Loans, net of allowance for credit losses of $80,398 and $65,917, respectively | 6,186,698 | 5,845,915 |
| Mortgage servicing rights, at fair value | 76,701 | 74,097 |
| Premises and equipment, net | 84,842 | 88,114 |
| Other real estate owned and foreclosed assets, net | 4,100 | 6,358 |
| Bank-owned life insurance | 79,851 | 77,923 |
| Restricted equity securities | 38,072 | 50,215 |
| Goodwill | 93,483 | 93,483 |
| Core deposits and other intangible assets, net | 10,984 | 15,806 |
| Accrued interest receivable | 37,099 | 28,543 |
| Deferred tax assets, net | 46,259 | 48,355 |
| Prepaid expenses and other assets | 134,321 | 124,790 |
| Total assets | $7,879,724 | $7,430,322 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing accounts | $1,530,506 | $1,820,490 |
| Interest-bearing accounts | 4,843,597 | 3,944,572 |
| Total deposits | 6,374,103 | 5,765,062 |
| Securities sold under agreements to repurchase | 24,693 | 36,721 |
| Federal Home Loan Bank advances | 389,468 | 643,885 |
| Convertible notes payable, net | — | 5,355 |
| Subordinated debt, net | 75,313 | 74,880 |
| Accrued interest payable | 13,580 | 5,798 |
| Accrued expenses and other liabilities | 125,370 | 124,085 |
| Total liabilities | 7,002,527 | 6,655,786 |
| Commitments and contingencies (Note 24) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued or outstanding, respectively | — | — |
| Common stock, $0.0001 par value; 50,000,000 shares authorized; 24,960,639 and 24,920,984 shares issued; 24,960,639 and 24,920,984 shares outstanding, respectively | 2 | 2 |
| Additional paid-in capital | 462,680 | 460,720 |
| Retained earnings | 457,522 | 357,797 |
| Accumulated other comprehensive loss, net | (43,007) | (43,983) |
| Total stockholders’ equity | 877,197 | 774,536 |
| Total liabilities and stockholders’ equity | $7,879,724 | $7,430,322 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.