FB Bancorp Inc 2025年季度报告

of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:Large accelerated filer☐Accelerated filer☐ Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ Consolidated Statements of Financial ConditionConsolidated Statements of Operations Consolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Changes in Stockholders’ Equity Consolidated Statements of Cash Flows Controls and Procedures Exhibits 1Signature Page offering proceeds to the Bank as additional capital. 2 FB Bancorp, Inc.Consolidated Statements of Cash Flows (Unaudited)For the three monthsended March 31,20252024 Depreciation and amortizationAmortization of mortgage servicing rights Provision (benefit) for credit losses385ESOP expense182Increase in cash surrender value of life insurance(87)(Gain) loss on sales and disposal of assets—Federal Home Loan Bank stock dividends(60)Net gain on sales of available for sale securities(55)Deferred income taxes (benefit)149Net (increase) decrease in derivative instruments(101)Changes in other operating assets and liabilities336Loans held for sale:Originations(72,063) Purchases of securities available for sale(12,160)Proceeds from maturities, prepayments, and sales of securities available for sale11,048Redemption of FHLB stock1,191(Increase) decrease in loans held for investment, net(14,162)Purchases of premises and equipment(3,053)Proceeds from sale of other real estate owned— Supplemental Disclosures For Cash Flow Information:Cash paid for interest on deposits and borrowings The accompanying notes are an integral part of these unaudited consolidated financial statements. 1.Summary of Significant Accounting PoliciesBasis of Presentation year. These statements should be read in conjunction with the Company's audited financial statements and notesthereto for the year ended December 31, 2024, included in the Company's Annual Report on Form 10-K as filed withthe Securities and Exchange Commission on March 27, 2025. Critical Accounting Policies and Estimates In preparing the financial statements, the Company is required to make estimates and assumptions that affect theamounts reported in the financial statements and accompanying notes. Actual results could differ from those cash flows for the interim period presented. These adjustments are of a normal recurring nature and includeappropriate estimated provisions.Recent Accounting Standards Adopted financial statements. to disclose disaggregated information about their effective tax rate reconciliations as well as expanded information on statements only and doesnot expect theadoptionto have a material impact on its consolidated financial statements. 8 9 Less: Average unearned ESOP shares(1,523,520)Weighted-average common shares and common stockequivalents used to calculate basic earnings per share18,313,980 December 31, 2024Available for sale:U.S. government sponsored agencies$147,674$68$10,909$ Corporate bonds31,237—1,254Small Business Administration20——Total available for sale$264,639$87$20,607$As of March 31, 2025 and December 31, 2024, there werenoholdings of securities of any one issuer, other than theU.S. government and its agencies, in an amount greater than10% of stockholders’ equity. Accrued interest receivable on investment securities totaled $1.4million and $1.5million as of March31, 2025 andDecember 31, 2024, respectively, and was reported in accrued interest receivable on the statements of financialcondition. A summary of securities with gross unrealized losses at March31, 2025 and December 31, 2024 aggregated byinvestment category and length of time that individual securities have been in a continuous loss position, follows: Less Than 12 Months12 Months or MoreGrossGrossFairUnrealizedFairUnrealized U.S. government sponsored agenciesMortgage-backed securities Corporate bonds7,5893522,353823Total available for sale$23,157$321$194,982$15,265$ Available for sale:U.S. government sponsored agencies Mortgage-backed securities and smallbusiness administration17,59069856,2037,746Corporate bonds7,95513322,0281,121Total available for sale$37,882$1,077$197,031$19,530$ CostWithin one year or less$4,945$One through five years82,974After five through ten years77,781Over ten years100,417 Additional information related to fair value of investment securities is provided in Note 10. 12 4.Loans Held for Investment The components of loans were as follows at March 31, 2025 and December 31, 2024:March 31,2025December 31,2024 Variable Construction38,928Total residential mort