Coastal financial corp (CCB)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Dec'17
ASSETS
Cash and due from banks

14,124

16,555

22,060

18,735

21,176

16,315

16,837

14,217

13,787

Interest earning deposits with other banks (restricted cash of $0 and $27,355 at March 31, 2020 and December 31, 2019, respectively)

115,112

111,259

131,287

94,735

236,483

109,467

98,671

77,232

75,964

Investment securities, available for sale, at fair value

15,469

28,360

28,319

37,978

36,970

36,660

35,749

36,013

36,927

Investment securities, held to maturity, at amortized cost

4,290

4,350

4,377

4,403

1,247

1,262

1,290

1,304

1,409

Other investments

5,723

4,505

4,405

4,400

3,600

3,766

3,766

3,766

3,680

Loans receivable

1,005,180

939,103

874,112

845,443

791,072

767,899

744,320

700,692

656,788

Allowance for loan losses

12,925

11,470

10,888

10,443

9,915

9,407

9,111

8,540

8,017

Total loans receivable, net

992,255

927,633

863,224

835,000

781,157

758,492

735,209

692,152

648,771

Premises and equipment, net

14,195

13,108

13,167

12,933

13,017

13,167

12,845

12,963

13,121

Operating lease right-of-use assets

8,228

8,493

8,666

8,922

9,305

-

-

-

-

Accrued interest receivable

3,014

2,980

2,629

2,884

2,505

2,526

2,299

2,290

2,274

Bank-owned life insurance, net

6,931

6,882

6,832

6,783

6,735

6,688

6,640

6,592

6,500

Deferred tax asset, net

2,735

2,743

2,206

2,255

2,496

2,518

2,309

2,253

2,092

Other assets

1,995

1,658

2,888

1,996

1,399

1,249

1,414

2,140

1,228

Total assets

1,184,071

1,128,526

1,090,060

1,031,024

1,116,090

952,110

917,029

850,922

805,753

LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Deposits

1,005,062

967,959

922,249

868,144

976,496

803,614

774,722

744,468

703,295

Federal Home Loan Bank (FHLB) advances

24,999

10,000

20,000

20,000

-

20,000

20,000

20,000

20,000

Principal amount $10,000 (less unamortized debt issuance costs of $18 and $21 at March 31, 2020 and December 31, 2019, respectively)

9,982

9,979

9,975

9,972

9,968

9,965

9,961

9,957

9,950

Principal amount $3,609 (less unamortized debt issuance costs of $26 at March 31, 2020 and December 31, 2019)

3,583

3,583

3,582

3,582

3,581

3,581

3,581

3,580

3,579

Deferred compensation

947

974

1,000

1,026

1,052

1,078

1,102

1,127

1,175

Accrued interest payable

310

308

303

298

343

279

257

241

228

Operating lease liabilities

8,419

8,679

8,847

9,098

9,471

-

-

-

-

Other liabilities

3,603

2,871

3,682

2,313

2,814

4,437

2,130

2,059

1,815

Total liabilities

1,056,905

1,004,353

969,638

914,433

1,003,725

842,954

811,753

781,432

740,042

SHAREHOLDERS’ EQUITY
Authorized: 25,000,000 shares at March 31, 2020 and December 31, 2019; issued and outstanding: zero shares at March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

-

Authorized: 300,000,000 shares at March 31, 2020 and December 31, 2019; 11,929,413 voting shares at March 31, 2020 issued and outstanding and 11,913,885 voting shares at December 31, 2019 issued and outstanding

87,166

86,983

86,866

86,730

86,579

86,431

86,334

52,946

52,521

Retained earnings

39,946

37,222

33,614

30,103

26,829

24,021

20,966

18,364

14,134

Accumulated other comprehensive income (loss), net of tax

54

-32

-58

-242

-1,043

-1,296

-2,024

-1,820

-944

Total shareholders’ equity

127,166

124,173

120,422

116,591

112,365

109,156

105,276

69,490

65,711

Total liabilities and shareholders’ equity

1,184,071

1,128,526

1,090,060

1,031,024

1,116,090

952,110

917,029

850,922

805,753