Company: USCB
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001562762-25-000122
Chunk: 18

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
USCB FINANCIAL HOLDINGS, INC 

Consolidated Balance Sheets – Unaudited 

(Dollars in thousands, except share data) 

March 31, 2025 

December 31, 2024 

ASSETS: 

Cash and due from banks 

$ 

6,726

$ 

6,986

Interest-bearing deposits in banks 

91,258

70,049

Total cash and cash equivalents 

97,984

77,035

Investment securities held to maturity, net of allowance of $

5

 and $

6

, respectively (fair value of 

$

145,665

 and $

145,540

, respectively) 

161,790

164,694

Investment securities available for sale, at fair value 

275,139

260,221

Federal Home Loan Bank stock, at cost 

6,936

9,379

Loans held for investment, net of allowance of $

24,740

 and $

24,070

, respectively 

2,011,472

1,948,778

Accrued interest receivable 

11,024

10,945

Premises and equipment, net 

4,461

4,563

Bank owned life insurance 

57,943

53,472

Deferred tax assets, net 

26,045

29,646

Lease right-of-use asset 

7,708

8,451

Other assets 

16,880

14,032

Total assets 

$ 

2,677,382

$ 

2,581,216

LIABILITIES: 

Deposits: 

Non-interest bearing demand deposits 

$ 

605,489

$ 

575,159

Savings and money market deposits 

1,207,303

1,180,809

Interest-bearing demand deposits 

49,951

50,648

Time deposits 

446,826

367,388

Total deposits 

2,309,569

2,174,004

Federal Home Loan Bank advances 

108,000

163,000

Lease liability 

7,708

8,451

Accrued interest and other liabilities 

27,017

20,373

Total liabilities 

2,452,294

2,365,828

Commitments and contingencies (See Notes 5 and 11) 

(nil)

(nil)

STOCKHOLDERS' EQUITY: 

Preferred stock - Class C; $

1.00

 par value;