Capital Bancorp Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Quarterly Period endedJune 30, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Transition Period fromtoCommission file number001-38671 CAPITAL BANCORP INC.(Exact name of registrant as specified in its charter) (301)468-8848Registrant’s telephone number, including area codeNot Applicable(Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, par value $0.01 per shareCBNKNASDAQ Stock Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.YesxNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer¨Accelerated Filer☒Non-accelerated filer¨Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐Nox As of August 6, 2025, the Company had16,583,541shares of common stock, par value $0.01 per share, outstanding. PART I - CONSOLIDATED FINANCIAL INFORMATION Item 1.Consolidated Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Statements of Changes in Stockholders’ EquityConsolidated Statements of Cash FlowsNotes to Unaudited Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPART II - OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits See accompanying Notes to Unaudited Consolidated Financial Statements Capital Bancorp, Inc. and SubsidiariesNotes to Unaudited Consolidated Financial Statements Note 1 - Nature of Business and Basis of Presentation Nature of operations: Capital Bancorp, Inc. is a Maryland corporation and the bank holding company (the “Company”) for Capital Bank, N.A.(the “Bank”). The Company's primary operations are conducted by the Bank, which is headquartered in Rockville, Maryland.The Company operates three additional divisions including, OpenSky™, Windsor Advantage, LLC (“Windsor Advantage™”)and Capital Bank Home Loans (“CBHL”). The Company serves businesses, not-for-profit associations, entrepreneurs and others throughout the Washington D.C.,Baltimore, other Maryland metropolitan areas, Florida, Illinois and North Carolina throughsevencommercial bank branches,onemortgage banking office,threeloan production offices,threegovernment loan servicing offices, andonecredit cardoperations office. The Bank is principally engaged in providing commercial, real estate, and credit card loans along with otherbanking services, and attracting deposits. The Company issues credit cards through OpenSky™, a digitally-driven, nationwide credit card platform providingsecured, partially secured, and unsecured credit solutions. Windsor Advantage™, a wholly-owned subsidiary of the Company,is a loan service provider that offers community banks and credit unions with a comprehensive U.S. Small BusinessAssociation (“SBA”) 7(a) and U.S. Department of Agriculture (“USDA”) lending platform. The Company originates residentialmortgages for sale in the secondary market through CBHL, the Bank’s residential mortgage banking arm. In addition, the Company owns all of the stock of Capital Bancorp (MD) Statutory Trust I (the “Trust”). The Trust is aspecial purpose non-consolidated entity organized for the sole