FIRSTSUN CAPITAL BANCORP
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
FSUN$39.35+1.1%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
As of December 31,
| (In thousands, except par and share amounts) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $615,917 | $479,362 |
| Securities available-for-sale, at fair value | 469,076 | 516,757 |
| Securities held-to-maturity, fair value of $29,563 and $32,181, respectively | 35,242 | 36,983 |
| Loans held-for-sale, at fair value | 61,825 | 54,212 |
| Loans, net of allowance for credit losses of $88,221 and $80,398, respectively | 6,288,136 | 6,186,698 |
| Mortgage servicing rights, at fair value | 84,258 | 76,701 |
| Premises and equipment, net | 82,483 | 84,842 |
| Other real estate owned and foreclosed assets, net | 5,138 | 4,100 |
| Bank-owned life insurance | 81,115 | 79,851 |
| Restricted equity securities | 28,917 | 38,072 |
| Goodwill | 93,483 | 93,483 |
| Core deposits and other intangible assets, net | 7,434 | 10,984 |
| Accrued interest receivable | 32,102 | 37,099 |
| Deferred tax assets, net | 41,195 | 46,259 |
| Prepaid expenses and other assets | 171,066 | 134,321 |
| Total assets | $8,097,387 | $7,879,724 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing accounts | $1,541,158 | $1,530,506 |
| Interest-bearing accounts | 5,131,102 | 4,843,597 |
| Total deposits | 6,672,260 | 6,374,103 |
| Securities sold under agreements to repurchase | 14,699 | 24,693 |
| Federal Home Loan Bank advances | 135,000 | 389,468 |
| Subordinated debt, net | 75,841 | 75,313 |
| Accrued interest payable | 8,705 | 13,580 |
| Accrued expenses and other liabilities | 149,516 | 125,370 |
| Total liabilities | 7,056,021 | 7,002,527 |
| Commitments and contingencies (Note 22) | ||
| 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; 27,709,679 and 24,960,639 shares issued; 27,709,679 and 24,960,639 shares outstanding, respectively | 3 | 2 |
| Additional paid-in capital | 547,325 | 462,680 |
| Retained earnings | 533,150 | 457,522 |
| Accumulated other comprehensive loss, net | (39,112) | (43,007) |
| Total stockholders’ equity | 1,041,366 | 877,197 |
| Total liabilities and stockholders’ equity | $8,097,387 | $7,879,724 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.