CoastalSouth Bancshares, Inc.

Listed Company

COSOCIK 0001297107NYSENon-AcceleratedSmaller ReportingEmerging GrowthState Commercial BanksFY ends Dec 31

Period

FY 2025

Revenue

$1.99M

Net Income

$24.89M

Total Assets

$2.31B

Equity

$259.53M

Shares Out

11.99M

Op. Cash Flow

$63.13M

Business

CoastalSouth Bancshares, Inc. is a publicly listed company in State Commercial Banks. Common stock trades on NYSE under the ticker COSO.

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Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Loans held for investment	95	93
Loans held for sale	13	10
Taxable	15	15
Non-taxable	428,000	395,000
Non-marketable equity securities	448,000	434,000
Federal funds sold	3	4
Other earning assets from banks	484,000	534,000
Total income	128	124
Interest-bearing deposits	52	53
Other borrowings	2	5
Total expenses	54	58
Net interest income	74	65
Provision for credit losses	3	553,000
Net interest income after provision for credit losses	71	65
Bank-owned life insurance	2	2
Income from mortgage originations	1	1
Gain on sale of government guaranteed loans	2	2
Noninterest income	2	2
Losses on sale of available-for-sale securities	−10,000	−3
Other noninterest income	2	2
Total noninterest income	8	5
Salaries and employee benefits	28	26
Occupancy and equipment	3	3
Other professional fees	3	2
Software and other technology expense	3	3
Data processing	3	2
Regulatory assessment	1	1
Other noninterest expense	6	5
Total noninterest expense	48	42
Income before taxes	31	27
Income tax provision	6	5
Net income	25	22
Basic	2.24	2.15
Diluted	2.16	2.09

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and due from banks	11	8	—
Interest-bearing accounts with other banks	30	29	—
Federal funds sold	38	31	—
Total cash and cash equivalents	80	68	—
Securities available-for-sale, at fair value	331	335	—
Non-marketable equity securities	9	7	—
Total investments	339	343	—
Loans held for sale	171	174	—
Loans held for investment	1,617	1,409	—
Allowance for credit losses on loans	−19	−17	—
Loans held for investment, net	1,599	1,392	—
Bank-owned life insurance	48	47	—
Premises, furniture and equipment, net	18	18	—
Deferred tax asset	16	18	—
Goodwill	5	5	5
Intangible assets	2	2	—
Other assets	29	33	—
Total assets	2,307	2,099	—
Non-interest bearing transaction accounts	312	303	—
Interest-bearing transaction accounts	215	181	—
Savings and money market	674	592	—
Time deposits	787	759	—
Total deposits	1,988	1,835	—
Other borrowings	30	42	—
Other liabilities	29	27	—
Total liabilities	2,047	1,903	—
Commitments and Contingencies (Note 12)	—	—	—
Preferred stock, $1.00 par value, 10,000,000 shares authorized, no shares issued or outstanding	0	0	—
Capital surplus	190	159	—
Retained earnings	67	42	—
Accumulated other comprehensive loss	−9	−16	−20
Total shareholders' equity	260	195	156
Total liabilities and shareholders' equity	2,307	2,099	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Depreciation expense and software amortization	2	1
Increase in cash value of bank-owned life insurance	−2	−2
Stock-based compensation expense	946,000	1
Amortization of operating lease right-of-use assets	819,000	817,000
Amortization of debt issuance costs	275,000	53,000
Writedown on other real estate owned	99,000	—
Write down on repossessed assets	119,000	—
Net loss on sale of repossessed assets	17,000	—
Net gain on sale of other real estate owned	−64,000	—
Gain on sale of other loans	−41,000	−217,000
Income from mortgage operations	−1	−1
Discount accretion and premium amortization on securities available-for-sale	−876,000	−533,000
Amortization of intangible assets	536,000	503,000
Deferred income tax (benefit) expense	−211,000	2
Change in SBA contingency reserve	—	−778,000
Originations of loans held for sale	−6,659	−5,008
Proceeds from loans held for sale	6,693	4,967
(Decrease) increase in other assets	−146,000	8
Decrease (increase) in other liabilities	2	−5
Net cash provided (used) by operating activities	63	−13
Purchase of securities available-for-sale	−50	−79
Proceeds from sales of securities available-for-sale	5	39
Proceeds from paydowns, calls, and maturities on securities available-for-sale	61	62
Net (purchase) sale of non-marketable equity securities	−1	1
Loan originations and principal collections, net	−238	−39
Net purchase of premises, furniture and equipment	−2	−1
Proceeds from sales of other real estate owned	829,000	—
Net cash used by investing activities	−224	−17
Net increase in deposits	153	84
Net proceeds (repayment) of Federal Home Loan Bank of Atlanta borrowings	15	−35
Net proceeds from issuance of common stock through initial public offering	32	—
Proceeds from issuance of common stock under incentive plan	102,000	—
Repurchase of common stock	−69,000	—
Proceeds from private placement capital raise	—	12
Repayment of commercial line of credit	−12	−12
Repayment of subordinated debt	−15	—
Net cash provided by financing activities	173	49
Net increase (decrease) in cash and cash equivalents	12	19
Interest	51	61
Income taxes	2	−884,000
Unrealized loss on derivatives, net	−752,000	−406,000
Transfers of loans to other real estate owned	—	864,000
Transfers from loans held for investment to loans held for sale	28	48
Right-of-use assets obtained in exchange for new operating lease liabilities	669,000	1
Lease liabilities arising from obtaining right-of-use assets	666,000	1

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