California BanCorp \ CA
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
BCAL$22.06-0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
For the six months ended June 30, 2025 and 2024
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net income | $30,952 | $5,125 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Accretion of net discounts and deferred loan fees | (11,718) | (990) |
| Depreciation on premises and equipment | 1,006 | 738 |
| Intangible asset amortization | 1,896 | 130 |
| Amortization of discounts on debt securities | (508) | (274) |
| Gain on sale of loans | (577) | (415) |
| Loss on sale and disposal of fixed assets | 1 | 19 |
| Loans originated for sale | (8,955) | (5,956) |
| Proceeds from sales of and principal collected on loans held for sale | 9,569 | 6,778 |
| (Reversal of) provision for credit losses | (4,410) | 2,562 |
| Deferred income tax expense | 7,952 | 907 |
| Stock-based compensation | 3,005 | 1,891 |
| Income from bank owned life insurance | (966) | (527) |
| Loss on sale of other real estate owned | 862 | 4,783 |
| Net decrease in other items | (7,704) | (6,409) |
| Net cash provided by operating activities | 20,405 | 8,362 |
| INVESTING ACTIVITIES | ||
| Proceeds from bank owned life insurance death benefits | 1,572 | — |
| Proceeds from maturities and paydowns of debt securities available for sale | 24,379 | 5,983 |
| Purchases of debt securities available for sale | (65,735) | (2,041) |
| Net change in stock investments | (779) | (1,046) |
| Net repayment of loans | 152,904 | 65,750 |
| Proceeds from sale of loans held for investment | 13,500 | 456 |
| Proceeds from sale of other real estate owned | 1,421 | 8,327 |
| Purchases of premises and equipment | (139) | (227) |
| Net cash provided by investing activities | 127,123 | 77,202 |
| FINANCING ACTIVITIES | ||
| Net decrease in deposits | (86,444) | (7,703) |
| Repayment of Federal Home Loan Bank advances | — | (60,000) |
| Repayment of other borrowings | (18,000) | — |
| Proceeds from exercise of stock options | 101 | 706 |
| Repurchase of common shares | (1,210) | (627) |
| Net cash used in financing activities | (105,553) | (67,624) |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
For the six months ended June 30, 2025 and 2024
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net change in cash and cash equivalents | 41,975 | 17,940 |
| Cash and cash equivalents at beginning of period | 388,162 | 86,793 |
| Cash and cash equivalents at end of period | $430,137 | $104,733 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Interest paid | $31,058 | $20,763 |
| Taxes paid | 9,177 | 4,510 |
| Lease liability arising from obtaining right-of-use assets | 541 | 105 |
| Loans transferred to other real estate owned | — | 13,004 |
| Goodwill adjustments | (853) | — |
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