GREENE COUNTY BANCORP INC
Business
Greene County Bancorp, Inc. is a federally chartered savings and loan holding company that owns the Bank of Greene County, a federally chartered savings bank serving the Hudson Valley and Capital District regions of New York. The Bank attracts retail deposits and invests principally in residential and commercial real estate mortgage loans, consumer loans, home equity loans, and securities, generating revenue from interest income, service charges, and fees. The Company operates through the Bank of Greene County, Greene County Commercial Bank (a limited-purpose bank accepting municipal deposits), and Greene Property Holdings, Ltd. (a real estate investment trust).
Summary from 10-K filed 2025-09-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Loans | 80 | 72 | 60 | 47 | 45 | |
| Investment securities - tax exempt | 20 | 18 | 14 | 10 | 8 | |
| Investment securities - taxable | 15 | 11 | 9 | 2 | 816,000 | |
| Interest-bearing deposits and federal funds sold | 4 | 4 | 2 | 157,000 | 81,000 | |
| Total interest income | 118 | 104 | 85 | 63 | 58 | |
| Interest on deposits | 55 | 50 | 20 | 3 | 4 | |
| Interest on borrowings | 3 | 3 | 3 | 2 | 962,000 | |
| Total interest expense | 58 | 53 | 23 | — | — | |
| Net interest income | 60 | 51 | 61 | 58 | 53 | |
| Provision for credit losses | 1 | 766,000 | −1 | — | — | |
| Net interest income after provision for credit losses | 59 | 50 | 62 | 55 | 49 | |
| Service charges on deposit accounts | 5 | 5 | 5 | 4 | 3 | |
| Debit card fees | 4 | 4 | 5 | 4 | 4 | |
| Investment services | 1 | 1 | 781,000 | 944,000 | 732,000 | |
| E-commerce fees | 110,000 | 116,000 | 110,000 | 107,000 | 113,000 | |
| Bank-owned life insurance | 3 | 2 | 1 | 1 | 425,000 | |
| Loss on sale of securities available-for-sale | −665,000 | 0 | −251,000 | 0 | — | |
| Other operating income | 3 | 1 | 912,000 | 997,000 | 1 | |
| Total noninterest income | 15 | 14 | 12 | 12 | 10 | |
| Salaries and employee benefits | 24 | 24 | 23 | 21 | 19 | |
| Occupancy expense | 3 | 2 | 2 | 2 | 2 | |
| Equipment and furniture expense | 791,000 | 710,000 | 699,000 | 806,000 | 637,000 | |
| Service and data processing fees | 3 | 2 | 3 | 3 | 3 | |
| Computer software, supplies and support | 2 | 2 | 2 | 2 | 1 | |
| Advertising and promotion | 486,000 | 445,000 | 498,000 | 491,000 | 491,000 | |
| FDIC insurance premiums | 1 | 1 | 1 | 826,000 | 738,000 | |
| Legal and professional fees | 1 | 2 | 3 | 1 | 1 | |
| Other | 4 | 3 | 3 | 3 | 3 | |
| Total noninterest expense | 39 | 37 | 39 | 34 | 31 | |
| Income before provision for income taxes | 35 | 27 | 36 | 33 | 28 | |
| Provision for income taxes | 4 | 2 | 5 | 5 | 4 | |
| Net income | 31 | 25 | 31 | 28 | 24 | |
| Basic earnings per share (in Dollars per share) | 1.83 | 1.45 | 1.81 | 1.64 | 2.81 | |
| Basic average shares outstanding (in Shares) | 17 | 17 | 17 | 17 | 9 | |
| Diluted earnings per share (in Dollars per share) | 1.83 | 1.45 | 1.81 | 1.64 | 2.81 | |
| Diluted average shares outstanding (in Shares) | 17 | 17 | 17 | 17 | 9 | |
| Dividends per share (in Dollars per share) | 0.36 | 0.32 | 0.28 | 0.26 | 0.48 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 13 | 14 | 15 | — | — | |
| Interest-bearing deposits | 170 | 176 | 181 | — | — | |
| Total cash and cash equivalents | 183 | 190 | 196 | 69 | 150 | |
| Long-term certificates of deposit | 1 | 3 | 5 | 4 | 5 | |
| Securities available-for-sale, at fair value | 356 | 350 | 281 | 408 | 391 | |
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $548 and $483 at June 30, 2025 and 2024 | 776 | 690 | 726 | 762 | 497 | |
| Equity securities, at fair value | 402,000 | 328,000 | 306,000 | — | — | |
| Federal Home Loan Bank stock, at cost | 6 | 7 | 2 | 7 | 1 | |
| Loans receivable | 1,627 | 1,499 | 1,409 | 1,252 | 1,108 | |
| Allowance for credit losses on loans | −20 | −19 | −21 | −23 | −20 | |
| Net loans receivable | 1,607 | 1,480 | 1,388 | 1,229 | 1,086 | |
| Premises and equipment, net | 15 | 16 | 15 | 14 | 14 | |
| Bank-owned life insurance | 60 | 57 | 55 | 54 | 40 | |
| Accrued interest receivable | 16 | 14 | 12 | 9 | 8 | |
| Prepaid expenses and other assets | 19 | 17 | 17 | 15 | 8 | |
| Total assets | 3,041 | 2,826 | 2,698 | 2,572 | 2,200 | |
| Noninterest-bearing deposits | 110 | 125 | 159 | 188 | 174 | |
| Interest-bearing deposits | 2,530 | 2,264 | 2,278 | 2,025 | 1,831 | |
| Total deposits | 2,640 | 2,389 | 2,437 | 2,213 | 2,005 | |
| Borrowings, short-term | 74 | 115 | 0 | 124 | 0 | |
| Borrowings, long-term | 4 | 34 | 0 | — | 0 | |
| Subordinated notes payable, net | 50 | 50 | 49 | 49 | 20 | |
| Accrued expenses and other liabilities | 34 | 31 | 28 | 28 | 23 | |
| Total liabilities | 2,802 | 2,620 | 2,515 | 2,414 | 2,051 | |
| Preferred stock, Authorized - 1,000,000 shares; Issued - None | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.10 per share; Authorized - 36,000,000 shares; Issued 17,222,680 shares at June 30, 2025 and June 30, 2024 Outstanding 17,026,828 shares at June 30, 2025 and June 30, 2024 | 2 | 2 | 2 | 2 | 861,000 | |
| Additional paid-in capital | 10 | 10 | 10 | 10 | 11 | |
| Retained earnings | 241 | 215 | 194 | 165 | 140 | |
| Accumulated other comprehensive loss | −14 | −20 | −21 | −18 | −1 | |
| Treasury stock, at cost 195,852 shares at June 30, 2025 and June 30, 2024 | −908,000 | −908,000 | −908,000 | −908,000 | — | |
| Total shareholders equity | 239 | 206 | 183 | 158 | 150 | |
| Total liabilities and shareholders equity | 3,041 | 2,826 | 2,698 | 2,572 | 2,200 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 928,000 | 871,000 | 826,000 | 775,000 | |
| Deferred income tax benefit | −706,000 | −74,000 | −149,000 | −682,000 | −2 | |
| Net (accretion) amortization of investment premiums and discounts | −301,000 | 297,000 | 2 | 3 | 4 | |
| Net amortization of deferred loan costs and fees | 383,000 | 392,000 | 259,000 | −3 | −4 | |
| Amortization of subordinated debt issuance costs | 186,000 | 186,000 | 185,000 | 165,000 | 67,000 | |
| Net gain on equity securities | −74,000 | −22,000 | −33,000 | 34,000 | −40,000 | |
| Net gain on sale of foreclosed real estate | 0 | −60,000 | 26,000 | −39,000 | −66,000 | |
| Net increase in accrued income taxes | 434,000 | 322,000 | −1 | −1,000 | −606,000 | |
| Net increase in accrued interest receivable | −2 | −2 | −3 | −1 | 426,000 | |
| Net increase in prepaid expenses and other assets | −4 | −430,000 | 133,000 | 176,000 | −934,000 | |
| Net increase in accrued expenses and other liabilities | 3 | 2 | 256,000 | 6 | — | |
| Net cash provided by operating activities | 28 | 25 | 28 | 35 | 28 | |
| Proceeds from maturities | 210 | 182 | 263 | 243 | — | |
| Proceeds from sale of securities | 7 | 0 | 2 | 0 | — | |
| Purchases of securities | −272 | −280 | −154 | −316 | −413 | |
| Proceeds from principal payments on securities | 57 | 31 | 11 | 30 | 27 | |
| Proceeds from maturities | 58 | 68 | 70 | 54 | 41 | |
| Purchases of securities | −172 | −50 | −58 | −354 | −214 | |
| Proceeds from principal payments on securities | 28 | 16 | 21 | 33 | 58 | |
| Net redemption (purchase) of Federal Home Loan Bank Stock | 2 | −6 | 5 | −6 | 135,000 | |
| Maturity of long-term certificate of deposit | 1 | 2 | 735,000 | 425,000 | 735,000 | |
| Surrender of bank owned life insurance | 0 | 23 | 0 | — | — | |
| Purchase of bank owned life insurance | 0 | −23 | 0 | −12 | −40 | |
| Net increase in loans receivable | −129 | −92 | −158 | −143 | −93 | |
| Proceeds from sale of foreclosed real estate | 0 | 362,000 | 202,000 | 75,000 | 302,000 | |
| Purchases of premises and equipment | −691,000 | −2 | −2 | −1 | −1 | |
| Net cash used in investing activities | −210 | −129 | 661,000 | −471 | −417 | |
| Net (decrease) increase in short-term borrowings | −41 | 115 | −124 | 124 | 0 | |
| Proceeds from long-term borrowings | 4 | 34 | 0 | — | — | |
| Repayment of long-term borrowings | −34 | 0 | — | — | — | |
| Payment of cash dividends | −4 | −3 | −2 | −3 | −2 | |
| Net increase (decrease) in deposits | 251 | −48 | 225 | 207 | 504 | |
| Net cash provided by financing activities | 175 | 98 | 99 | 355 | 499 | |
| Net decrease in cash and cash equivalents | −7 | −6 | 127 | −81 | 109 | |
| Interest | 58 | 52 | 23 | 5 | 5 | |
| Income taxes | 1 | 2 | 6 | 6 | 6 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GREENE COUNTY BANCORP INC's CIK number?
GREENE COUNTY BANCORP INC's SEC CIK number is 0001070524 (1070524). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GREENE COUNTY BANCORP INC's SEC filings?
All of GREENE COUNTY BANCORP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GREENE COUNTY BANCORP INC last report earnings?
GREENE COUNTY BANCORP INC (GCBC) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-016085). This is GREENE COUNTY BANCORP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is GREENE COUNTY BANCORP INC's most recent earnings 8-K?
GREENE COUNTY BANCORP INC's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001140361-26-016085. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GREENE COUNTY BANCORP INC's latest earnings 8-K →
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