$BSVN

Bank7 Corp.

CIK:0001746129|SEC Filings

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest Income
Loans, including fees	$ 28,980	$ 28,965	$ 60,592	$ 56,293
Interest-bearing time deposits in other banks	38	145	150	246
Debt securities, taxable	249	278	499	561
Debt securities, tax-exempt	59	63	119	126
Other interest and dividend income	1,601	2,330	3,350	4,997
Total interest income	30,927	31,781	64,710	62,223
Interest Expense
Deposits	9,022	10,043	18,613	19,643
Total interest expense	9,022	10,043	18,613	19,643
Net Interest Income	21,905	21,738	46,097	42,580
Provision for Credit Losses	0	0	0	0
Net Interest Income After Provision for Credit Losses	21,905	21,738	46,097	42,580
Noninterest Income
Mortgage lending income	476	520	851	610
Service charges on deposit accounts	215	232	464	450
Other	311	1,949	1,653	3,396
Total noninterest income	1,002	2,701	2,968	4,456
Noninterest Expense
Salaries and employee benefits	6,196	5,721	12,527	11,000
Furniture and equipment	422	361	763	612
Occupancy	724	630	1,410	1,222
Data and item processing	546	590	1,089	1,100
Accounting, marketing and legal fees	437	158	1,022	263
Regulatory assessments	259	213	518	297
Advertising and public relations	98	223	270	417
Travel, lodging and entertainment	104	121	174	177
Other	3,106	1,715	4,456	3,528
Total noninterest expense	11,892	9,732	22,229	18,616
Income Before Taxes	11,015	14,707	26,836	28,420
Income tax expense	2,669	3,602	6,484	6,979
Net Income	$ 8,346	$ 11,105	$ 20,352	$ 21,441
Earnings per common share - basic (in Dollars per share)	$ 0.88	$ 1.18	$ 2.14	$ 2.27
Earnings per common share - diluted (in Dollars per share)	$ 0.87	$ 1.16	$ 2.12	$ 2.25
Weighted average common shares outstanding - basic (in Shares)	9,519,335	9,449,152	9,505,283	9,435,414
Weighted average common shares outstanding - diluted (in Shares)	9,604,143	9,545,128	9,600,421	9,548,583
Other Comprehensive Income (Loss)
Unrealized (losses) gains on securities, net of tax expense of $50 and $189 for the three months ended June 30, 2026 and 2025, respectively; net of tax (benefit) expense of ($5) and $419 for the six months ended June 30, 2026 and 2025, respectively	$ 114	$ 587	$ (27)	$ 1,229
Other comprehensive income (loss)	114	587	(27)	1,229
Comprehensive Income	$ 8,460	$ 11,692	$ 20,325	$ 22,670

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income	$ 20,352	$ 21,441
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	580	540
Amortization of premiums on securities	76	110
Gain on sales of loans held for sale	(851)	(610)
Stock-based compensation expense	1,253	1,414
Gain on sale of premises and equipment	(33)	0
Cash receipts from the sale of loans originated for sale	38,480	24,185
Cash disbursements for loans originated for sale	(40,707)	(26,116)
Deferred income tax expense	101	384
Loss on disposition of oil and gas assets	2,084	0
Changes in
Interest receivable and other assets	4,117	(111)
Interest payable and other liabilities	(1,309)	(789)
Net cash provided by operating activities	24,143	20,448
Investing Activities
Net cash paid for acquisition	0	(2,750)
Proceeds from sale of oil and gas assets	5,164	0
Maturities of interest-bearing time deposits in other banks	8,963	4,972
Purchases of interest-bearing time deposits in other banks	0	(12,441)
Maturities, prepayments and calls of available-for-sale debt securities	2,289	4,315
Purchases of available-for-sale debt securities	0	(40)
Net change in loans	9,189	(99,803)
Purchases of premises and equipment	(4,538)	(3,442)
Proceeds from sale of premises and equipment	40	0
Proceeds from sale of nonmarketable equity securities	(18)	141
Net cash provided by (used in) investing activities	21,089	(109,048)
Financing Activities
Net change in deposits	(63,030)	78,667
Cash dividends paid	(5,125)	(4,522)
Shares purchased and retired for restricted stock units	(1,175)	(1,017)
Net settlement of stock options	48	115
Net cash (used in) provided by financing activities	(69,282)	73,243
Net Decrease in Cash and Due from Banks	(24,050)	(15,357)
Cash and Due from Banks, Beginning of Period	244,635	234,196
Cash and Due from Banks, End of Period	220,585	218,839
Supplemental Disclosure of Cash Flows Information
Interest paid	18,593	19,797
Income taxes paid	6,138	7,239
Dividends declared and not paid	$ 2,570	$ 2,268

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Condensed Consolidated Balance Sheets [Abstract]
Cash and due from banks	$ 220,585	$ 244,635
Interest-bearing time deposits in other banks	1,494	10,457
Available-for-sale debt securities (amortized cost of $54,950 and $57,316 at June 30, 2026 and December 31, 2025, respectively)	51,622	54,019
Loans, net of allowance for credit losses of $19,512 and $19,407 at June 30, 2026 and December 31, 2025, respectively	1,577,838	1,587,024
Loans held for sale	5,156	2,078
Premises and equipment, net	25,897	21,884
Nonmarketable equity securities	1,183	1,165
Core deposit intangibles	690	752
Goodwill	11,208	11,208
Interest receivable and other assets	18,654	30,418
Total assets	1,914,327	1,963,640
Deposits
Noninterest-bearing	329,240	341,416
Interest-bearing	1,308,563	1,359,417
Total deposits	1,637,803	1,700,833
Income taxes payable	839	594
Interest payable and other liabilities	9,379	11,218
Total liabilities	1,648,021	1,712,645
Shareholders’ equity
Common stock, $0.01 par value; 50,000,000 shares authorized; shares issued and outstanding: 9,519,335 and 9,462,656 at June 30, 2026 and December 31, 2025, respectively	95	95
Additional paid-in capital	103,865	103,739
Retained earnings	164,919	149,707
Accumulated other comprehensive loss	(2,573)	(2,546)
Total shareholders’ equity	266,306	250,995
Total liabilities and shareholders’ equity	$ 1,914,327	$ 1,963,640