BayCom Corp
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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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 14, 2025
BCML$31.29+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets – December 31, 2024 and 2023
December 31, 2024 and 2023
(In thousands, except for share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| ASSETS · · | ||||||
| Cash due from banks | | $23,138 | | $17,901 | ||
| Federal funds sold and interest-bearing balances in banks | | 340,894 | | 289,638 | ||
| Cash and cash equivalents | | | 364,032 | | 307,539 | |
| Time deposits in banks | | | 249 | | 1,245 | |
| Investment securities available-for-sale ("AFS"), at fair value, net of allowance for credit losses of $0 at both December 31, 2024 and December 31, 2023 | | | 193,328 | | 163,152 | |
| Equity securities, at fair value | | | 13,120 | | | 12,585 |
| Federal Home Loan Bank ("FHLB") stock, at par | | | 11,313 | | 11,313 | |
| Federal Reserve Bank ("FRB") stock, at par | | | 9,645 | | 9,626 | |
| Loans held for sale | | | 2,216 | | — | |
| Loans, net of allowance for credit losses of $17,900 at December 31, 2024 and $22,000 at December 31, 2023 | | | 1,934,996 | | 1,905,829 | |
| Premises and equipment, net | | | 13,386 | | 13,734 | |
| Core deposit intangible, net | | | 2,693 | | 3,915 | |
| Cash surrender value of bank owned life insurance ("BOLI") policies, net | | | 23,591 | | 22,867 | |
| Right-of-use assets ("ROU"), net | | | 13,383 | | | 13,939 |
| Goodwill | | | 38,838 | | 38,838 | |
| Interest receivable and other assets | | | 43,718 | | 47,378 | |
| Total assets | | $2,664,508 | | $2,551,960 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | |
| Noninterest and interest bearing deposits | | $2,234,009 | | $2,132,750 | ||
| Junior subordinated deferrable interest debentures, net | | 8,645 | | 8,565 | ||
| Subordinated debt, net | | | 63,736 | | | 63,881 |
| Salary continuation plan | | 4,737 | | 4,552 | ||
| Lease liabilities | | 14,383 | | 14,752 | ||
| Interest payable and other liabilities | | 14,632 | | 14,591 | ||
| Total liabilities | | 2,340,142 | | 2,239,091 | ||
| Commitments and contingencies (Note 16) | | | ||||
| Shareholders' equity | | | ||||
| Preferred stock, no par value; 10,000,000 shares authorized; no shares issued and outstanding at both December 31, 2024 and December 31, 2023 | | — | | — | ||
| Common stock, no par value; 100,000,000 shares authorized; 11,121,475 and 11,551,271 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | | 172,254 | | 180,913 | ||
| Additional paid in capital | | 287 | | 287 | ||
| Accumulated other comprehensive loss, net of tax | | (13,006) | | (14,592) | ||
| Retained earnings | | 164,831 | | 146,261 | ||
| Total shareholders’ equity | | 324,366 | | 312,869 | ||
| Total liabilities and shareholders’ equity | | $2,664,508 | | $2,551,960 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.