Greene County Bancorp, Inc. (GCBC) 2024年年度报告「NASDAQ」.pdf

1、GREENE COUNTY BANCORP,INC.2 02 4 A NNU A L RE PORT1889-2024135 YEARS OF PROGRESSGreene County Bancorp,Inc.(GCBC)is the parent company of the Bank of Greene County and its subsidiary,Greene County Commercial Bank.GCBCs consolidated assets as of June 30,2024,were$2.8 billion.The Bank of Greene County

2、was founded in 1889 as The Building and Loan Association of Catskill.In 1974,the bank changed to a New York State-chartered mutual savings bank,under the name Greene County Savings Bank.In 1998,the bank converted to the mutual holding company form of ownership,changing its name to The Bank of Greene

3、 County.A commercial bank subsidiary,Greene County Commercial Bank,was formed in June 2004.The bank primarily serves the Hudson Valley and Capital Region of New York State through 18 branches and 6 offices.As part of its mission,the bank strives to foster a sense of community through personal servic

4、e,local decision-making and participation with customers in community activities.FIVE-YEAR FINANCIAL HIGHLIGHTSAt or for the Years Ended June 30,(In thousands)2024 2023 2022 2021 2020Total assets$2,825,788$2,698,283$2,571,740$2,200,335$1,676,803 Loans receivable,net 1,480,229 1,387,654 1,229,355 1,0

5、85,947 993,522Securities available-for-sale 350,001 281,133 408,062 390,890 226,709Securities held-to-maturity 690,354 726,363 761,852 496,914 383,657 Equity securities 328 306 273 307 267Deposits 2,389,222 2,437,161 2,212,604 2,005,108 1,501,075Shareholders equity 206,000 183,283 157,714 149,584 12

6、8,805Net interest income 50,979 61,218 58,005 53,145 44,833Provision for loan losses 766(1,071)3,278 3,974 3,905Total noninterest income 13,908 12,146 12,137 9,667 8,650Total noninterest expense 37,302 38,608 33,959 31,223 27,822Provision for income taxes 2,050 5,042 4,919 3,673 3,029Net income 24,7