Burke & Herbert Financial Services Corp.
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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FY2023 · Filed Mar 22, 2024
BHRB$70.60-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 2023 and
December 31, 2023, and 2022
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $8,896 | $9,124 |
| Interest-bearing deposits with banks | 35,602 | 41,171 |
| Cash and cash equivalents | 44,498 | 50,295 |
| Securities available-for-sale, at fair value | 1,248,439 | 1,371,757 |
| Restricted stock, at cost | 5,964 | 16,443 |
| Loans held-for-sale, at fair value | 1,497 | — |
| Loans | 2,087,756 | 1,887,221 |
| Allowance for credit losses | (25,301) | (21,039) |
| Net loans | 2,062,455 | 1,866,182 |
| Premises and equipment, net | 61,128 | 53,170 |
| Accrued interest receivable | 15,895 | 15,481 |
| Company-owned life insurance | 94,159 | 92,487 |
| Other assets | 83,544 | 97,083 |
| Total Assets | $3,617,579 | $3,562,898 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Non-interest-bearing deposits | $830,320 | $960,692 |
| Interest-bearing deposits | 2,171,561 | 1,959,708 |
| Total deposits | 3,001,881 | 2,920,400 |
| Borrowed funds | 272,000 | 343,100 |
| Accrued interest and other liabilities | 28,948 | 25,945 |
| Total Liabilities | 3,302,829 | 3,289,445 |
| Commitments and contingent liabilities (see Note 14) | ||
| Shareholders’ Equity | ||
| Preferred Stock, $1.00 par value per share; 2,000,000 shares authorized; no shares issued or outstanding | — | — |
| Common Stock | 4,000 | 4,000 |
| $0.50 par value; 20,000,000 shares authorized and 8,000,000 issued at December 31, 2023, and December 31, 2022; 7,428,710 shares outstanding at December 31, 2023, and 7,425,760 shares outstanding at December 31, 2022 | ||
| Additional paid-in capital | 14,495 | 12,282 |
| Retained earnings | 427,333 | 424,391 |
| Accumulated other comprehensive income (loss) | (103,494) | (139,495) |
| Treasury stock | (27,584) | (27,725) |
| Total Shareholders' Equity | 314,750 | 273,453 |
| Total Liabilities and Shareholders' Equity | $3,617,579 | $3,562,898 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.