PB Financial Corporation (PBNC)

The Duckhorn Portfolio Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	12.99	14.79	14.59	20.65	38.27	56.67
Investment Securities	163.84	74.41	77.91	83.52	57.71	31.03
Mortgage-Backed Securities	-	49.68	30.53	26.71	30.47	8.09
Total Investments	163.84	124.09	108.44	110.24	88.19	39.12
Gross Loans	1,176	1,130	828.96	688.75	551.48	464.75
Allowance for Loan Losses	-10.49	-10.21	-6.74	-6.14	-5.54	-4.59
Other Adjustments to Gross Loans	-	-1.15	-1.16	-1.04	-0.82	-0.53
Net Loans	1,166	1,119	821.06	681.56	545.12	459.63
Property, Plant & Equipment	-	5.71	2.51	2.46	2.51	2.74
Goodwill	-	9.29	4.06	4.06	4.06	4.06
Accrued Interest Receivable	-	5.18	4.06	3.14	1.88	1.63
Other Real Estate Owned & Foreclosed	-	-	-	-	-	1.89
Other Long-Term Assets	44.77	36.77	24.47	23.73	19.59	18.29
Total Assets	1,402	1,317	982.39	849.17	701.42	586.56
Accrued Expenses	-	5.93	5.59	4.83	3.28	2.8
Interest Bearing Deposits	1,186	842.13	634.86	515.29	426.43	354
Institutional Deposits	-	104.7	61.9	50.9	39.2	23.8
Non-Interest Bearing Deposits	-	168.32	106.78	107.83	107.48	78.63
Total Deposits	1,186	1,115	803.54	674.02	573.11	456.43
Short-Term Borrowings	-	5.12	10.46	68.65	12.91	11.29
Current Portion of Long-Term Debt	-	-	-	-	-	6
Current Portion of Leases	-	0.27	-	-	-	-
Accrued Interest Payable	-	2.54	1.94	0.96	0.49	0.52
Long-Term Debt	63.42	23.91	23.83	23.75	11.93	11.91
Federal Home Loan Bank Debt, Long-Term	-	25	45	5	30	35
Long-Term Leases	-	1.55	0.1	0.2	0.14	0.27
Trust Preferred Securities	-	4.47	4.41	4.35	4.29	4.23
Total Liabilities	1,262	1,184	894.86	781.76	636.15	528.46
Preferred Stock, Non-Redeemable	-	17.92	-	-	-	-
Total Preferred Equity	-	17.92	-	-	-	-
Common Stock	139.68	2.91	2.5	2.25	2.21	2.18
Additional Paid-In Capital	-	54.93	38.01	29.08	28.22	27.98
Retained Earnings	-	66.2	56.23	46.76	35.25	27.66
Comprehensive Income & Other	-	-8.68	-9.21	-10.69	-0.41	0.28
Total Common Equity	139.68	115.36	87.53	67.41	65.27	58.1
Shareholders' Equity	139.68	133.29	87.53	67.41	65.27	58.1
Total Liabilities & Equity	1,402	1,317	982.39	849.17	701.42	586.56
Total Debt	63.42	60.31	83.8	101.95	59.27	68.7
Net Cash (Debt)	-9.29	-35.48	-58.82	-71.4	-16.73	-5.46
Net Cash Per Share	-3.10	-12.38	-24.39	-31.19	-7.41	-2.43
Filing Date Shares Outstanding	2.87	2.91	2.5	2.25	2.21	2.18
Total Common Shares Outstanding	2.87	2.91	2.5	2.25	2.21	2.18
Book Value Per Share	48.63	39.63	35.08	29.93	29.57	26.60
Tangible Book Value	125.34	106.08	83.46	63.35	61.21	54.04
Tangible Book Value Per Share	43.63	36.44	33.45	28.13	27.73	24.74

Source: S&P Global Market Intelligence. Banks template. Financial Sources.