| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) from continuing operations | -20,474 | -1,572 |
| Depreciation of fixed assets | 1,657 | 1,108 |
| Net securities premium amortization | -34 | -32 |
| Amortization of debt issuance costs | 5 | 3 |
| Amortization of premium on loans purchased, net | 863 | 383 |
| Provision for credit losses | 22,579 | 11,664 |
| Accretion of discount on unguaranteed loans | 2,919 | 1,883 |
| Deferred tax expense (benefit) | -189 | -189 |
| Origination of government guaranteed loans held for sale | 0 | 0 |
| Proceeds from sales of government guaranteed loans held for sale | 196,745 | 146,321 |
| Net gains on sales of government guaranteed loans | 16,526 | 13,463 |
| Fair value adjustment on loans held for sale | 5,096 | - |
| Change in fair value of government guaranteed loans hfi, at fair value | 805 | 1,687 |
| Amortization of loan servicing rights | 5,360 | 3,675 |
| Gain on other real estate owned | 423 | 423 |
| Loss on sale of repossessed assets | -9 | -9 |
| Non-qualified stock purchase plan expense | 13 | 9 |
| Stock based compensation expense | 143 | 56 |
| Income from bank owned life insurance | 558 | 368 |
| Impairment of equipment and software | 1,422 | - |
| Accrued interest receivable | -257 | 340 |
| Other assets | 8,207 | 3,170 |
| Accrued interest payable | 46 | 112 |
| Other liabilities | 636 | -2,820 |
| Net cash provided by operating activities of continuing operations | 184,764 | 137,457 |
| Net cash used in operating activities of discontinued operations | 0 | 0 |
| Net cash provided by operating activities | 184,764 | 137,457 |
| Purchase of investment securities available for sale | 5,718 | 5,718 |
| Principal payments on investment securities available for sale | 2,240 | 1,446 |
| Principal payments on investment securities held to maturity | 0 | 0 |
| Call of investment securities held to maturity | 11,109 | 11,109 |
| Net purchase of nonmarketable equity securities | 2,502 | 2,025 |
| Purchase of time deposits in banks | 14 | 10 |
| Maturity of time deposits in banks | 1,000 | 1,000 |
| Purchase of government guaranteed loans | 0 | 0 |
| Loan originations, net | 226,566 | 202,226 |
| Purchase related to other real estate owned | 0 | 0 |
| Purchase of premises and equipment | 276 | 266 |
| Proceeds on sales of other real estate owned | 155 | 155 |
| Proceeds on sales of repossessed assets | 59 | 27 |
| Net cash used in investing activities | -220,513 | -196,508 |
| Net change in deposits | 28,228 | 20,567 |
| Net increase in short-term borrowings | 50,000 | 40,000 |
| Payments on notes payable | 341 | 227 |
| Proceeds from issuance of common stock for benefit plans, net | 25 | -9 |
| Common share buyback - redeemed stock | 335 | 335 |
| Unearned esop shares | -368 | 0 |
| Dividends paid on common stock | 663 | 663 |
| Dividends paid on preferred stock | 771 | 771 |
| Net cash provided by financing activities | 76,511 | 58,562 |
| Net change in cash and cash equivalents | 40,762 | -489 |
| Cash and cash equivalents at beginning of period | 77,788 | - |
| Cash and cash equivalents at end of period | 118,550 | - |
BayFirst Financial Corp. (BAFN)
BayFirst Financial Corp. (BAFN)