$CBNA
CHAIN BRIDGE BANCORP INC
CIK:0001392272|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Cash flows from operating activities | ||
| Net income | $ 16,584 | $ 10,191 |
| Reconciliation of net income to net cash provided by operating activities: | ||
| Depreciation and amortization of premises and equipment | 300 | 238 |
| Discount accretion on investment securities, net | (1,642) | (2,107) |
| Recapture of impairment loss on securities previously recognized in earnings | (2) | (1) |
| Fair value adjustment (gain) loss on equity security | 6 | (9) |
| Recapture of loan credit losses | (382) | (321) |
| Recapture of securities credit losses | (37) | (58) |
| Gain on sale of mortgage loans | (3) | (27) |
| Origination of loans held for sale | (190) | (1,726) |
| Proceeds from sale of loans | 193 | 2,068 |
| Deferred income tax expense | 1 | 0 |
| Changes in assets and liabilities: | ||
| Net increase in accrued interest receivable and other assets | (1,752) | (1,110) |
| Net decrease in accrued interest payable, accrued expenses and other liabilities | (462) | (679) |
| Net cash provided by operating activities | 12,614 | 6,459 |
| Securities available for sale: | ||
| Purchases of securities | (356,531) | (354,124) |
| Proceeds from calls, maturities, and paydowns | 122,030 | 248,586 |
| Securities held to maturity: | ||
| Proceeds from calls, maturities and paydowns | 32,206 | 11,165 |
| Purchase of restricted securities, net | (376) | (497) |
| Reinvestment of dividends on equity security | (8) | (8) |
| Net decrease in loans | 474 | 25,474 |
| Purchases of premises and equipment | (3,462) | (2,509) |
| Net cash used in investing activities | (205,667) | (71,913) |
| Cash flows from financing activities | ||
| Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits | 429,943 | 33,704 |
| Net decrease in time deposits | (1,754) | (1,725) |
| Net cash provided by financing activities | 428,189 | 31,979 |
| Net increase (decrease) in cash and cash equivalents | 235,136 | (33,475) |
| Cash and cash equivalents, beginning of period | 586,630 | 410,739 |
| Cash and cash equivalents, end of period | 821,766 | 377,264 |
| Supplemental disclosures of cash flow information | ||
| Cash payments for interest | 1,231 | 1,828 |
| Cash payments for taxes | 3,728 | 2,500 |
| Supplemental disclosures of noncash investing activities | ||
| Fair value adjustment for available for sale securities | $ (3,143) | $ 2,614 |
Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
[1] | ||
|---|---|---|---|---|---|
| Assets | |||||
| Cash and due from banks | $ 7,385 | $ 4,882 | |||
| Interest-bearing deposits in other banks | 814,381 | 581,748 | |||
| Total cash and cash equivalents | 821,766 | 586,630 | |||
| Securities available for sale, at fair value | 842,335 | 608,804 | |||
| Securities held to maturity, at carrying value, net of allowance for credit losses of $91 and $128, respectively (fair value of $212,427 and $245,276, respectively) | 224,223 | 256,510 | |||
| Equity securities, at fair value | 551 | 547 | |||
| Restricted securities, at cost | 3,759 | 3,383 | |||
| Loans, net of allowance for credit losses of $3,714 and $4,096, respectively | 270,571 | 270,663 | |||
| Premises and equipment, net of accumulated depreciation of $8,055 and $7,755, respectively | 16,391 | 13,229 | |||
| Accrued interest receivable | 8,628 | 7,108 | |||
| Other assets | 4,329 | 3,525 | |||
| Total assets | 2,192,553 | 1,750,399 | |||
| Deposits: | |||||
| Noninterest-bearing | 1,676,957 | 1,254,695 | |||
| Savings, interest-bearing checking and money market accounts | 317,033 | 309,352 | |||
| Time, $250 and over | 3,388 | 4,787 | |||
| Other time | 4,091 | 4,446 | |||
| Total deposits | 2,001,469 | 1,573,280 | |||
| Accrued interest payable | 54 | 32 | |||
| Accrued expenses and other liabilities | 7,384 | 7,868 | |||
| Total liabilities | 2,008,907 | 1,581,180 | |||
| Commitments and contingencies | |||||
| Stockholders’ equity | |||||
| Preferred stock: No par value, 100,000 shares authorized, no shares issued and outstanding | 0 | 0 | |||
| Additional paid-in capital | 74,785 | 74,785 | |||
| Retained earnings | 114,462 | 97,878 | |||
| Accumulated other comprehensive loss | (5,666) | (3,509) | |||
| Total stockholders’ equity | 183,646 | 169,219 | |||
| Total liabilities and stockholders’ equity | 2,192,553 | 1,750,399 | |||
| Class A Common Stock | |||||
| Stockholders’ equity | |||||
| Class A and B Common Stock | 34 | 33 | |||
| Class B Common Stock | |||||
| Stockholders’ equity | |||||
| Class A and B Common Stock | $ 31 | $ 32 | |||
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