First Resource Bancorp, Inc. (FRSB)

First Resource Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	27.45	23.82	5.6	10.55	26.01	2.52
Investment Securities	16.9	14.47	21.48	36.77	32.31	27.48
Mortgage-Backed Securities	-	11.47	13.4	16.75	11.35	10.24
Total Investments	16.9	25.94	34.88	53.52	43.66	37.72
Gross Loans	583.25	532.93	460.01	389.48	340.34	280.92
Allowance for Loan Losses	-4.44	-4.31	-4.24	-3.32	-2.91	-2.51
Other Adjustments to Gross Loans	-	-1.55	-1.32	-1.25	-1.4	-0.72
Net Loans	578.8	527.07	454.45	384.91	336.03	277.69
Property, Plant & Equipment	7.65	11.07	7.97	8.08	8.38	8.68
Accrued Interest Receivable	-	1.77	1.23	0.89	1.17	0.83
Long-Term Deferred Tax Assets	-	0.96	0.99	0.41	0.34	0.17
Other Long-Term Assets	20.89	9.67	9.69	9.52	7.68	7.32
Total Assets	651.69	602.62	516.72	469.06	424.43	336.42
Interest Bearing Deposits	453.4	347.66	315.43	276.85	243.2	203.39
Institutional Deposits	-	56.24	27.65	9.96	14.93	15.79
Non-Interest Bearing Deposits	93.73	95.38	87.89	113.18	99.9	50.62
Total Deposits	547.13	499.29	430.96	399.99	358.03	269.8
Short-Term Borrowings	34	35	27.2	9	-	10.9
Current Portion of Long-Term Debt	-	3.28	-	5.75	3.05	4.94
Current Portion of Leases	-	0.48	-	-	0.2	0.19
Accrued Interest Payable	-	0.81	0.24	0.14	0.25	0.29
Long-Term Debt	8.47	5.98	5.97	5.95	7.94	3.99
Federal Home Loan Bank Debt, Long-Term	6.25	6.25	9.53	9.53	21.16	16.11
Long-Term Leases	-	2.95	-	-	0.61	0.79
Pension & Post-Retirement Benefits	-	0.71	0.64	0.56	0.43	0.36
Other Long-Term Liabilities	6.41	1.73	2.09	2.59	1.32	1.08
Total Liabilities	602.26	556.48	476.63	433.51	392.98	308.44
Common Stock	3.1	3.09	2.94	2.93	2.78	2.77
Additional Paid-In Capital	19.85	19.77	18.16	18.07	16.83	16.76
Retained Earnings	28.62	24.31	20.11	14.49	11.61	8.36
Comprehensive Income & Other	-0.8	-1.04	-1.11	0.07	0.23	0.09
Total Common Equity	49.43	46.14	40.1	35.55	31.46	27.98
Shareholders' Equity	49.43	46.14	40.1	35.55	31.46	27.98
Total Liabilities & Equity	651.69	602.62	516.72	469.06	424.43	336.42
Total Debt	48.72	53.94	42.69	30.23	32.95	36.91
Net Cash (Debt)	-21.17	-30.02	-36.99	-19.59	-6.34	-33.8
Net Cash Per Share	-6.92	-9.73	-12.02	-6.39	-2.07	-11.09
Filing Date Shares Outstanding	3	3.09	3.08	3.07	3.06	3.05
Total Common Shares Outstanding	3	3.09	3.08	3.07	3.06	3.05
Book Value Per Share	16.45	14.91	13.00	11.56	10.26	9.17
Tangible Book Value	49.43	46.14	40.1	35.55	31.46	27.98
Tangible Book Value Per Share	16.45	14.91	13.00	11.56	10.26	9.17

Source: S&P Capital IQ. Banks template. Financial Sources.