第五区银行公司2025年季度报告

Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (unaudited)2Consolidated Statements of Comprehensive Income (Loss) for the Three MonthsEnded March 31, 2025 and 2024 (unaudited)3Consolidated Statements of Stockholders’ Equity for the Three Months EndedMarch 31, 2025 and 2024 (unaudited)4Consolidated Statements of Cash Flows for the Three Months Ended March 31,2025 and 2024 (unaudited)5Notes to Consolidated Financial Statements (unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations33Item 3.Quantitative and Qualitative Disclosures about Market Risk41Item 4.Controls and Procedures41Part II. – Other InformationItem 1.Legal Proceedings42Item 1A.Risk Factors42 (dollars in thousands, except per share amounts) Consolidated Statements of Stockholders’Equity (Unaudited)(in thousands) AdditionalUnearnedCommo Notes to Consolidated Financial Statements for-sale would be based on various factors, including significant movement in interest rates,changes in the maturity mix of the Company’s assets and liabilities, liquidity needs,regulatory capital considerations, and other similar factors. These securities are carried at Notes to Consolidated Financial Statements Loans ReceivableLoans that management has the intent and ability to hold for the foreseeable future or until Notes to Consolidated Financial Statements The Company has identified and calculates the allowance for credit losses for each of thefollowing portfolio segments: One-to-Four FamilyMortgages amongother factors,local residential real estate marketconditions, the interest rate environment, and inflation. construction and/or improvement of residential and vacant lotloans.The performance of construction loans is generallydependent upon the successful completion of improvementsand/orland development for the end user.The successfulcompletion of planned improvements and development may be conditions leading to project delays.Home Equity Loans/Lines of CreditThis category consists of loans secured by first and junior lienson residential real estate. The performance of these loans may Commercial LoansThis category consists of loans primarily secured by office andindustrial buildings, warehouses, retail shopping facilities andvariousspecial purpose properties,including hotel and Thiscategory consists of loans to finance the ground-upconstruction and/or improvement of commercial properties. Theperformance of these loans is generally dependent upon the affectedby changes in the estimated property value uponcompletion of construction, projected costs and other conditions various practitioners and other professionals. These loans areoften originally secured by blanket UCC-1 filings. When theloan is purchased, the Bank purchases100% of the loan and Notes to Consolidated Financial Statements Consumer Loans Notes to Consolidated Financial Statements Notes to Consolidated Financial Statements Notes to Consolidated Financial Statements GrossGrossGrossFairUnrealizedFairUnrealizedFairUnrealized U.S. Government Agencies Mortgage-Backed Securities8(433)3)1)Collateralized MortgageObligations962(10)1,360(127)2,322(137)$39,090$(443)$41,45(8,372)$80,54(8,815 totaling9.3% of the individual securities’ amortized cost basis and7.1% of the Company’stotal amortized cost basis of the investment securities portfolio. At March 31, 2025,57of these76securities had been in a continuous loss position for over 12months. At December31, 2024,80of the Company’s available-for-sale securities had unrealized losses totaling9.9% of the individual securities’ amortized cost basis and8.7% of the Company’s totalamortized cost basis of the investment securities portfolio.At December 31, 2024,57of the80securities had been in a continuous loss position over 12 months.The unrealized lossesof these securities are believed to be caused by interest rate increases and changing market declines in the fair value of these securities are not attributable to credit losses.The Company’s securities in an unrealized loss position are issued by U.S. governmentagencies or U.S. government-sponsored enterprises.These securities carry the implicit The amortized cost and estimated fair value of securities classified as available-for-sale at March 31, 2025, by contractual maturity, are shown in the table below (in thousands).Securities are classified according to their contractual maturities without consideration ofprincipal amortization, potential prepayments or call options. The expected maturity of asecurity may differ from its contractual maturity because of the exercise of call options andpotential paydowns. Accordingly actual maturities may differ from contractual maturities. (in thousands)CostValueAvailable-for-SaleDue in 1 Year or Less$—$—Due after 1 Year through 5 Years1,6141,611Due after 5 Years through 10 Years10,55510,049 Note3.Restricted Stock First National Bankers Bank350 Notes to Consolidate