Company: USCB
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001562762-25-000206
Chunk: 17

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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USCB FINANCIAL HOLDINGS, INC 

Consolidated Balance Sheets – Unaudited 

(Dollars in thousands, except share data) 

June 30, 2025 

December 31, 2024 

ASSETS: 

Cash and due from banks 

$ 

8,386

$ 

6,986

Interest-bearing deposits in banks 

46,433

70,049

Total cash and cash equivalents 

54,819

77,035

Investment securities held to maturity, net of allowance of $

7

 and $

6

, respectively (fair value of 

$

142,877

 and $

145,540

, respectively) 

158,740

164,694

Investment securities available for sale, at fair value 

285,382

260,221

Federal Home Loan Bank stock, at cost 

6,936

9,379

Loans held for investment, net of allowance of $

24,933

 and $

24,070

, respectively 

2,088,385

1,948,778

Accrued interest receivable 

11,285

10,945

Premises and equipment, net 

4,359

4,563

Bank owned life insurance 

58,427

53,472

Deferred tax assets, net 

23,663

29,646

Lease right-of-use asset 

7,046

8,451

Other assets 

20,432

14,032

Total assets 

$ 

2,719,474

$ 

2,581,216

LIABILITIES: 

Deposits: 

Non-interest bearing demand deposits 

$ 

584,895

$ 

575,159

Savings and money market deposits 

1,248,379

1,180,809

Interest-bearing demand deposits 

40,597

50,648

Time deposits 

461,790

367,388

Total deposits 

2,335,661

2,174,004

Federal Home Loan Bank advances 

108,000

163,000

Lease liability 

7,046

8,451

Accrued interest and other liabilities 

37,184

20,373

Total liabilities 

2,487,891

2,365,828

Commitments and contingencies (See Notes 5 and 11) 

(nil)

(nil)

STOCKHOLDERS' EQUITY: 

Preferred stock - Class C; $

1.00

 par value