Greene County Bancorp Files Q1 2025 10-Q

TL;DR

GCBC filed its Q1 2025 10-Q. Financials look steady.

AI Summary

Greene County Bancorp Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial data and disclosures relevant to investors and stakeholders are presented.

Why It Matters

This filing provides investors with a quarterly update on Greene County Bancorp's financial health and operational performance, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures for a publicly traded company.

Key Numbers

• 20240930 — Period End Date (The report covers financial performance up to this date.)
• 20241108 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• GREENE COUNTY BANCORP INC (company) — Filer
• 20240930 (date) — Period of Report
• 20241108 (date) — Filing Date
• 5189432600 (dollar_amount) — Business Phone

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 par value GCBC The Nasdaq Stock Mar

Filing Documents

• ef20037132_10q.htm (10-Q) — 3363KB
• ef20037132_ex31-1.htm (EX-31.1) — 8KB
• ef20037132_ex31-2.htm (EX-31.2) — 8KB
• ef20037132_ex32-1.htm (EX-32.1) — 5KB
• ef20037132_ex32-2.htm (EX-32.2) — 5KB
• image00002.jpg (GRAPHIC) — 4KB
• 0001140361-24-045754.txt ( ) — 15968KB
• gcbc-20240930.xsd (EX-101.SCH) — 61KB
• gcbc-20240930_cal.xml (EX-101.CAL) — 136KB
• gcbc-20240930_def.xml (EX-101.DEF) — 346KB
• gcbc-20240930_lab.xml (EX-101.LAB) — 918KB
• gcbc-20240930_pre.xml (EX-101.PRE) — 563KB
• ef20037132_10q_htm.xml (XML) — 4117KB

Financial Statements (unaudited)

Financial Statements (unaudited) * Consolidated Statements of Financial Condition 3 * Consolidated Statements of Income 4 * Consolidated Statements of Comprehensive Income 5 * Consolidated Statements of Changes in Shareholders' Equity 6 * Consolidated Statements of Cash Flows 7 * Notes to Consolidated Financial Statements 8-28 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29-44 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 4.

Controls and Procedures

Controls and Procedures 45 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 45 Item 1A.

Risk Factors

Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 3. Defaults Upon Senior Securities 45 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 46 Item 6. Exhibits 46

Signatures

Signatures 47 2 Index Greene County Bancorp, Inc. Consolidated Financial Condition At September 30, 2024 and June 30, 2024 (Unaudited) (In thousands, except share and per share amounts) ASSETS September 30, 2024 June 30, 2024 Cash and due from banks $ 24,824 $ 13,897 Interest-bearing deposits 188,645 176,498 Total cash and cash equivalents 213,469 190,395 Long-term certificates of deposit 2,579 2,831 Securities available-for-sale, at fair value 364,526 350,001 Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $ 466 and $ 483 at September 30, 2024 and June 30, 2024 701,919 690,354 Equity securities, at fair value 339 328 Federal Home Loan Bank stock, at cost 4,795 7,296 Loans receivable 1,501,212 1,499,473 Allowance for credit losses on loans ( 19,781 ) ( 19,244 ) Net loans receivable 1,481,431 1,480,229 Premises and equipment, net 15,498 15,606 Bank-owned life insurance 57,898 57,249 Accrued interest receivable 14,909 14,269 Prepaid expenses and other assets 17,258 17,230 Total assets $ 2,874,621 $ 2,825,788 LIABILITIES AND SHAREHOLDERS' EQUITY Noninterest-bearing deposits $ 132,897 $ 125,442 Interest-bearing deposits 2,352,977 2,263,780 Total deposits 2,485,874 2,389,222 Borrowings, short-term 63,000 115,300 Borrowings, long-term 29,781 34,156 Subordinated notes payable, net 49,727 49,681 Accrued expenses and other liabilities 29,941 31,429 Total liabilities 2,658,323 2,619,788 SHAREHOLDERS' EQUITY Preferred stock, Authorized - 1,000,000 shares; Issued - None - - Common stock, par value $ 0.10 per share; Authorized - 36,000,000 shares; Issued – 17,222,680 shares at September 30 , 2024 and June 30 , 2024 ; Outstanding – 17,026,828 shares at September 30 , 2024 , and June 30 , 2024 1,722 1,722 Additional paid-in capital 10,156 10,156 Retained earnings 2

View Full Filing

View this 10-Q filing on SEC EDGAR