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COASTAL FINANCIAL CORP (CCB)

Balance Sheet

Standardized | As Reported Annual | Quarterly
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q8-K10-Q10-Q10-Q10-K10-Q10-Q
ASSETS          
Cash and due from banks  29.8 37.540.832.714.531.731.5
Interest earning deposits with other banks  245.3 373.2364.9649.4798.7638.0251.4
Investment securities, available for sale, at fair value  98.2       
   
Investment securities, held to maturity, at amortized cost          
Other investments          
Loans held for sale  35.9 43.3     
Loans receivable  3,007.6       
Allowance for credit losses  -110.8       
    Total loans receivable, net  2,896.8 2,448.6     
   
CCBX credit enhancement asset          
CCBX receivable  19.1       
Premises and equipment, net  18.9 18.518.718.117.217.217.2
Operating lease right-of-use assets  6.2 5.35.65.86.16.46.6
Accrued interest receivable  21.6 13.112.48.88.17.58.1
Bank-owned life insurance, net  12.9 12.612.512.312.312.212.1
Deferred tax asset, net  25.8 14.011.76.96.83.83.8
Other assets  3.4 3.838.028.112.76.04.0
    Total assets  3,535.33,144.53,133.72,969.72,833.82,635.52,451.62,007.1
   
LIABILITIES AND SHAREHOLDERS’ EQUITY          
LIABILITIES          
Deposits  3,162.62,817.52,837.12,697.32,576.52,363.82,223.51,801.7
Principal amount $45,000 (less unamortized debt issuance costs of $931 and $1,001) at June 30, 2023 and December 31, 2022, respectively  44.1 24.324.324.324.324.310.0
Principal amount $3,609  3.6       
Deferred compensation  0.5 0.60.70.70.70.80.8
Accrued interest payable  0.8 0.20.30.10.40.10.2
Operating lease liabilities  6.4 5.55.86.16.36.66.8
CCBX payable  27.7       
Other liabilities  17.0 33.720.014.610.26.64.9
    Total liabilities  3,262.62,817.52,905.02,752.12,625.82,434.32,290.51,853.0
   
SHAREHOLDERS’ EQUITY          
Authorized: 300  128.3 123.9123.2122.6121.889.088.7
Retained earnings  146.0 106.995.885.679.472.165.4
Accumulated other comprehensive loss, net of tax  -1.7 -2.1-1.3-0.30.00.00.0
    Total shareholders’ equity  272.7243.5228.7217.7207.9201.2161.1154.1
    Total liabilities and shareholders’ equity  3,535.3 3,133.72,969.72,833.82,635.52,451.62,007.1

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