C
CHAIN BRIDGE BANCORP INC
CBNACIK 0001392272NYSENon-AcceleratedSmaller ReportingEmerging GrowthNational Commercial BanksDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$20.24M
Total Assets
$1.75B
Equity
$169.22M
Shares Out
—
Op. Cash Flow
$15.59M
Business
CHAIN BRIDGE BANCORP INC is a Delaware bank holding company that operates primarily through its wholly owned national bank subsidiary, Chain Bridge Bank, N.A., providing commercial and personal banking and fiduciary services. It offers deposit products, treasury management, payments, commercial and consumer lending, residential mortgage financing, trust and estate administration, wealth management, and asset custody. Key business areas include commercial deposit and treasury services, a Trust & Wealth department with fiduciary powers, consumer and commercial lending, and deposit placement through ICS®. The company serves clients nationwide via a digital, branch-less model while concentrating lending and trust services in the Washington, D.C. metropolitan area.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Interest and fees on loans | 13 | 14 | 13 | |
| Interest and dividends on securities, taxable | 22 | 12 | 11 | |
| Interest on securities, tax-exempt | 1 | 1 | 1 | |
| Interest on interest-bearing deposits in banks | 20 | 21 | 6 | |
| Total interest and dividend income | 56 | 48 | 32 | |
| Interest on deposits | 4 | 3 | 4 | |
| Interest on short-term borrowings | 0 | 430,000 | 382,000 | |
| Total interest expense | 4 | 4 | 4 | |
| Net interest income | 52 | 44 | 28 | |
| Provision for (recapture of) loan credit losses | −418,000 | 195,000 | −163,000 | |
| Recapture of securities credit losses | −74,000 | −356,000 | 804,000 | |
| Total recapture of credit losses | −492,000 | −161,000 | 641,000 | |
| Net interest income after recapture of credit losses | 52 | 45 | 27 | |
| Deposit placement services | 838,000 | 6 | 2 | |
| Gain on sale of mortgage loans | 60,000 | 27,000 | 12,000 | |
| Loss on sale of securities | 0 | −81,000 | −389,000 | |
| Other income | 205,000 | 123,000 | 201,000 | |
| Total noninterest income | 3 | 9 | 3 | |
| Salaries and employee benefits | 18 | 16 | 12 | |
| Professional services | 3 | 3 | 909,000 | |
| Data processing and communication expenses | 3 | 3 | 2 | |
| State franchise taxes | 1 | 884,000 | 739,000 | |
| Occupancy and equipment expenses | 1 | 982,000 | 936,000 | |
| FDIC and regulatory assessments | 850,000 | 753,000 | 585,000 | |
| Insurance expenses | 605,000 | 340,000 | 225,000 | |
| Directors fees | 596,000 | 650,000 | 367,000 | |
| Other operating expenses | 2 | 2 | 842,000 | |
| Total noninterest expenses | 30 | 27 | 19 | |
| Net income before taxes | 25 | 26 | 11 | |
| Loss before allocated tax benefit and undistributed net income of Chain Bridge Bank, N.A. | 5 | 5 | 2 | |
| Net income | 20 | 21 | 9 | |
| Earnings per common share, basic (in dollars per share) | 3.08 | 4.17 | 1.93 | |
| Earnings per common share, diluted (in dollars per share) | 3.08 | 4.17 | 1.93 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and due from banks | 5 | 3 | 6 | — | |
| Interest-bearing deposits in other banks | 582 | 408 | 311 | — | |
| Total cash and cash equivalents | 587 | 411 | 317 | — | |
| Securities available for sale, at fair value | 609 | 358 | 258 | — | |
| Securities held to maturity, at carrying value, net of allowance for credit losses of $128 and $202, respectively (fair value of $245,276 and $278,951, respectively) | 257 | 300 | 308 | — | |
| Equity securities, at fair value | 547,000 | 515,000 | 505,000 | — | |
| Restricted securities, at cost | 3 | 3 | 3 | — | |
| Loans held for sale | 0 | 316,000 | 0 | — | |
| Loans, net of allowance for credit losses of $4,096 and $4,514, respectively | 271 | 309 | 300 | — | |
| Premises and equipment, net of accumulated depreciation of $7,755 and $7,285, respectively | 13 | 10 | 10 | — | |
| Accrued interest receivable | 7 | 4 | 4 | — | |
| Other assets | 4 | 5 | 5 | — | |
| Total assets | 1,750 | 1,401 | 1,205 | — | |
| Noninterest-bearing | 1,255 | 913 | 767 | — | |
| Savings, interest-bearing checking and money market accounts | 309 | 325 | 328 | — | |
| Time, $250 and over | 5 | 7 | 9 | — | |
| Other time | 4 | 5 | 7 | — | |
| Total deposits | 1,573 | 1,250 | 1,112 | — | |
| Accrued interest payable | 32,000 | 46,000 | 61,000 | — | |
| Accrued expenses and other liabilities | 8 | 7 | 5 | — | |
| Total liabilities | 1,581 | 1,257 | 1,122 | — | |
| Commitments and contingencies | — | — | — | — | |
| Preferred stock: no par value, 10,000,000 shares authorized, no shares issued and outstanding | 0 | 0 | 0 | — | |
| Additional paid-in capital | 75 | 75 | 38 | — | |
| Retained earnings | 98 | 78 | 57 | — | |
| Accumulated other comprehensive loss | −4 | −8 | −12 | — | |
| Total stockholders equity | 169 | 144 | 83 | 69 | |
| Total liabilities and stockholders equity | 1,750 | 1,401 | 1,205 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Depreciation and amortization of premises and equipment | 470,000 | 494,000 | 491,000 | |
| Discount accretion on investment securities, net | −4 | −506,000 | 2 | |
| Recapture of impairment loss on securities previously recognized in earnings | −2,000 | −3,000 | −13,000 | |
| Fair value loss (gain) on equity security | −17,000 | 5,000 | −7,000 | |
| Origination of loans held for sale | −4 | −3 | −1 | |
| Proceeds from sale of loans | 5 | 3 | 1 | |
| Deferred income tax expense (benefit) | 6,000 | −157,000 | −99,000 | |
| Net increase in accrued interest receivable and other assets | −2 | −792,000 | 170,000 | |
| Net increase in accrued interest payable, accrued expenses and other liabilities | 957,000 | 2 | 793,000 | |
| Net cash provided by operating activities | 16 | 22 | 13 | |
| Purchases of securities | −627 | −283 | −23 | |
| Proceeds from sales, calls, maturities, recoveries, and paydowns | 386 | 188 | 51 | |
| Proceeds from sales, calls, maturities and paydowns | 44 | 7 | 3 | |
| Purchase of restricted securities, net | −497,000 | −273,000 | −112,000 | |
| Reinvestment of dividends on equity security | −17,000 | −15,000 | −12,000 | |
| Net (increase) decrease in loans | 39 | −9 | 16 | |
| Purchases of premises and equipment | −4 | −223,000 | −269,000 | |
| Net cash used in investing activities | −163 | −97 | 46 | |
| Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits | 326 | 143 | 155 | |
| Net decrease in time deposits | −2 | −5 | 4 | |
| Repayment of short-term borrowings | 0 | −5 | 0 | |
| Net proceeds from stock issuance | 0 | 37 | 0 | |
| Net cash provided by financing activities | 323 | 169 | 159 | |
| Net increase in cash and cash equivalents | 176 | 94 | 218 | |
| Cash payments for interest | 4 | 4 | 4 | |
| Cash payments for taxes | 5 | 6 | 2 | |
| Net securities loss reclassified into earnings | 5 | 3 | 7 |
Filings
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