BayFirst Financial Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	64.38	58.39	66.05	108.78	54.9	109.93
Investment Securities	23.97	26.37	30.57	9.92	2.42	2.42
Trading Asset Securities	-	-	-	1.55	7.62	1.11
Mortgage-Backed Securities	23.77	20.34	21.66	23.36	-	-
Total Investments	47.73	46.71	52.23	34.83	10.04	3.53
Gross Loans	1,050	922.77	734.27	587.83	1,240	321.22
Allowance for Loan Losses	-14.19	-13.5	-9.05	-13.45	-21.16	-10.74
Other Adjustments to Gross Loans	-7.88	-7.04	-5.62	-3.88	-11.33	-7.29
Net Loans	1,028	902.23	719.61	570.5	1,207	303.19
Property, Plant & Equipment	40.75	41.29	38.62	32.35	21.85	19.33
Loans Held for Sale	0.6	-	-	1.46	208.7	76.65
Accrued Interest Receivable	8.54	7.13	4.45	3.53	7.3	2.12
Restricted Cash	-	-	-	0.95	0.48	0.65
Other Current Assets	-	0.35	1.21	118.38	-	-
Long-Term Deferred Tax Assets	-	-	0.98	0.45	3.81	0.1
Other Long-Term Assets	54.75	61.68	55.75	45.87	30.45	15.74
Total Assets	1,245	1,118	938.9	917.1	1,545	531.24
Accrued Expenses	7.07	8.98	12.21	8.78	13.48	6.35
Interest Bearing Deposits	774.7	729.13	701.84	638.05	496.13	371.01
Institutional Deposits	241.5	162.3	-	-	-	26.56
Non-Interest Bearing Deposits	96	93.71	93.24	83.64	62.65	51.03
Total Deposits	1,112	985.14	795.07	721.69	558.78	448.59
Short-Term Borrowings	10	10	25	0.19	4.47	0.28
Current Portion of Long-Term Debt	0.46	-	0.05	44.65	-	5
Current Portion of Leases	0.16	1.11	-	1.45	-	-
Accrued Interest Payable	1.11	0.88	0.7	0.33	2	0.22
Other Current Liabilities	-	0.62	1.66	7.46	-	-
Long-Term Debt	7.55	8.34	8.79	34.29	890.96	11.51
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	-	5
Long-Term Leases	2.11	1.51	3.54	1.98	3.93	2.95
Long-Term Deferred Tax Liabilities	1.49	0.48	-	-	-	-
Total Liabilities	1,143	1,017	847.01	820.81	1,474	479.91
Preferred Stock, Redeemable	6.16	6.16	6.16	6.16	6.16	7.66
Preferred Stock, Convertible	9.57	9.57	3.12	3.12	8.52	-
Total Preferred Equity	15.73	15.73	9.28	9.28	14.68	7.66
Common Stock	54.78	54.52	53.02	51.5	43.04	41.36
Retained Earnings	35.07	34.4	33.48	35.95	13.39	2.46
Comprehensive Income & Other	-3.29	-3.94	-3.9	-0.44	-0.04	-0.16
Total Common Equity	86.56	84.98	82.6	87.01	56.39	43.67
Shareholders' Equity	102.29	100.71	91.88	96.29	71.07	51.33
Total Liabilities & Equity	1,245	1,118	938.9	917.1	1,545	531.24
Total Debt	20.27	20.96	37.37	82.56	899.36	24.74
Net Cash (Debt)	46.37	42.07	33.55	30.15	-834.45	88.67
Net Cash Growth	-56.22%	25.40%	11.28%	-	-	-
Net Cash Per Share	10.50	9.18	7.95	7.41	-208.54	18.64
Filing Date Shares Outstanding	4.13	4.13	4.1	4.01	3.49	3.11
Total Common Shares Outstanding	4.13	4.11	4.04	3.98	3.49	3.11
Book Value Per Share	20.94	20.67	20.43	21.85	16.18	14.03
Tangible Book Value	86.56	84.98	82.6	87.01	56.39	43.67
Tangible Book Value Per Share	20.94	20.67	20.43	21.85	16.18	14.03

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