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
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments185,9824,8764,3774,11059,080155,023
Cash and cash equivalents185,6764,5814,0963,85658,807154,727
Short-term investments306295281254273296
Financing receivable, accrued interest, after allowance for credit loss      
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss      
Total current assets:185,9824,8764,3774,11059,080155,023
Noncurrent Assets
Operating lease, right-of-use asset2,1882,2911,8171,8991,9802,061
Property, plant and equipment15,02814,53214,45014,30314,36214,273
Total noncurrent assets:17,21616,82316,26716,20216,34216,334
Other undisclosed assets2,495,0852,707,4022,595,6712,563,9092,496,3182,350,332
TOTAL ASSETS:2,698,2832,729,1012,616,3152,584,2212,571,7402,521,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  107,60023,400123,700 
Total current liabilities:  107,60023,400123,700 
Noncurrent Liabilities
Other undisclosed liabilities2,515,0002,550,4232,340,5082,401,2352,290,3262,364,757
Total liabilities:2,515,0002,550,4232,448,1082,424,6352,414,0262,364,757
Equity
Equity, attributable to parent183,283178,678168,207159,586157,714156,932
Common stock1,7221,722861861861861
Treasury stock, value(908)(908)(908)(908)(908)(908)
Additional paid in capital10,15610,15611,01711,01711,01711,017
Accumulated other comprehensive loss(21,408)(20,099)(23,026)(25,001)(18,383)(13,465)
Retained earnings193,721187,807180,263173,617165,127159,427
Total equity:183,283178,678168,207159,586157,714156,932
TOTAL LIABILITIES AND EQUITY:2,698,2832,729,1012,616,3152,584,2212,571,7402,521,689

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

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Revenues21,18720,50018,95117,31615,37414,261
Net investment income20,94120,23418,99517,12315,22713,994
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (244) (847)(163)
Gross profit:21,18720,50018,70717,31614,52714,098
Operating expenses(2,039)(1,913)(3,019)(1,753)(1,815)(1,602)
Operating income:19,14818,58715,68815,56312,71212,496
Nonoperating income
(Bank Owned Life Insurance Income)
349340340340330323
Interest and debt expense(9,289)(6,707)(4,605)(2,806)(1,649)(1,218)
Income from continuing operations before equity method investments, income taxes:10,20812,22011,42313,09711,39311,601
Other undisclosed loss from continuing operations before income taxes(3,011)(2,847)(2,800)(2,463)(3,456)(3,086)
Income from continuing operations before income taxes:7,1979,3738,62310,6347,9378,515
Income tax expense(737)(1,282)(1,425)(1,598)(1,130)(1,327)
Income from continuing operations:6,4608,0917,1989,0366,8077,188
Income before gain (loss) on sale of properties:9,0366,8077,188
Net income available to common stockholders, diluted:6,4608,0917,1989,0366,8077,188

Comprehensive Income ($ in thousands)

9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
3/31/2022
Q3
Net income:6,4608,0917,1989,0366,8077,188
Other undisclosed comprehensive income 238   394 
Comprehensive income:6,6988,0917,1989,0367,2017,188
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,547)2,9271,975(6,618)(5,312)(9,732)
Comprehensive income (loss), net of tax, attributable to parent:5,15111,0189,1732,4181,889(2,544)

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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