Greene County Bancorp, Inc. (GCBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 302 MAIN STREET
CATSKILL, NY 12414
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments185,9824,37759,080142,36034,43722,428
Cash and cash equivalents185,6764,09658,807142,05334,17022,175
Short-term investments306281273307267253
Financing receivable, accrued interest, after allowance for credit loss    
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss    
Total current assets:185,9824,37759,080142,36034,43722,428
Noncurrent Assets
Operating lease, right-of-use asset2,1881,8171,9801,8871,575
Property, plant and equipment15,02814,45014,36214,13713,65813,255
Total noncurrent assets:17,21616,26716,34216,02415,23313,255
Other undisclosed assets2,495,0852,595,6712,496,3182,041,9511,627,1331,233,779
TOTAL ASSETS:2,698,2832,616,3152,571,7402,200,3351,676,8031,269,462
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 107,600123,7003,00019,6846,000
Total current liabilities: 107,600123,7003,00019,6846,000
Noncurrent Liabilities
Other undisclosed liabilities2,515,0002,340,5082,290,3262,047,7511,528,3141,151,093
Total liabilities:2,515,0002,448,1082,414,0262,050,7511,547,9981,157,093
Equity
Equity, attributable to parent183,283168,207157,714149,584128,805112,369
Common stock1,722861861861861861
Treasury stock, value(908)(908)(908)(908)(908)(277)
Additional paid in capital10,15611,01711,01711,01711,01711,017
Accumulated other comprehensive loss(21,408)(23,026)(18,383)(1,161)(428)(1,006)
Retained earnings193,721180,263165,127139,775118,263101,774
Total equity:183,283168,207157,714149,584128,805112,369
TOTAL LIABILITIES AND EQUITY:2,698,2832,616,3152,571,7402,200,3351,676,8031,269,462

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues77,95465,90259,29255,16747,96042,508
Net investment income77,29365,33958,29554,04446,88841,571
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (1,254)(3,278)(3,974)(3,905)(1,659)
Gross profit:77,95464,64856,01451,19344,05540,849
Operating expenses(8,724)(8,189)(6,799)(6,493)(5,899)(5,478)
Operating income:69,23056,45949,21544,70038,15635,371
Nonoperating income
(Bank Owned Life Insurance Income)
1,3691,3331,269425  
Interest and debt expense(23,407)(10,278)(5,439)(5,183)(8,481)(6,308)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (12,327)(7,919)(8,037)
Income from continuing operations before equity method investments, income taxes:47,19247,51445,04527,61521,75621,026
Other undisclosed loss from continuing operations before income taxes(11,365)(11,805)(12,140)   
Income from continuing operations before income taxes:35,82735,70932,90527,61521,75621,026
Income tax expense(5,042)(5,480)(4,919)(3,673)(3,029)(3,542)
Income from continuing operations:30,78530,22927,98623,94218,72717,484
Income before gain (loss) on sale of properties:23,03127,98623,94218,72717,484
Net income available to common stockholders, diluted:30,78530,22927,98623,94218,72717,484

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income:30,78530,22927,98623,94218,72717,484
Other comprehensive income (loss) 238 394669(137)(61)
Other undisclosed comprehensive income 394    
Comprehensive income:31,02330,62328,38024,61118,59017,423
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,263)(19,687)(17,616)(1,402)715792
Comprehensive income, net of tax, attributable to parent:27,76010,93610,76423,20919,30518,215

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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