For the quarter ending 2025-09-30, COSO had -$17,011K decrease in cash & cash equivalents over the period. -$5,906K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 6,741 | 11,015 |
| Provision (recovery) for credit losses | 653 | 1,381 |
| Depreciation expense and software amortization | 392 | 722 |
| Increase in cash value of bank-owned life insurance | 460 | 889 |
| Stock-based compensation expense | 229 | 479 |
| Net loss on sale of available-for-sale securities | -10 | - |
| Amortization of operating lease right-of-use assets | 200 | 416 |
| Amortization of debt issuance costs | 247 | 28 |
| Writedown on other real estate owned | 0 | 99 |
| Write down on repossessed assets | 15 | 104 |
| Net loss on sale of repossessed assets | 17 | - |
| Net gain on sale of other real estate owned | 0 | 64 |
| Gain on sale of government guaranteed loans, including originations of servicing rights | 613 | 265 |
| Income from mortgage operations | 299 | 547 |
| Discount accretion and premium amortization on securities available-for-sale | 384 | 369 |
| Amortization of intangible assets | 116 | 291 |
| Deferred income tax expense | 267 | 153 |
| Originations of loans held for sale | 1,651,117 | 3,010,117 |
| Proceeds from loans held for sale | 1,637,263 | 2,980,351 |
| (increase) decrease in other assets | 224 | 1,507 |
| Increase (decrease) in other liabilities | 1,453 | 1,873 |
| Net cash used by operating activities | -5,494 | -16,846 |
| Purchase of securities available-for-sale | 23,080 | 20,925 |
| Proceeds from sales of securities available-for-sale | 4,956 | - |
| Proceeds from paydowns, calls, and maturities on securities available-for-sale | 18,721 | 29,523 |
| Net (purchase) sale of non-marketable equity securities | -552 | - |
| Loan originations and principal collections, net | 33,737 | 123,343 |
| Net purchase of premises, furniture and equipment | 412 | 1,092 |
| Net sale of non-marketable equity securities | - | 642 |
| Proceeds from sales of other real estate owned | 0 | 829 |
| Net cash used by investing activities | -34,746 | -114,366 |
| Net increase in deposits | -18,629 | 133,499 |
| Net repayment of federal home loan bank of atlanta advances | - | 15,000 |
| Net proceeds (repayment) of federal home loan bank of atlanta borrowings | 10,000 | - |
| Proceeds from issuance of common stock under incentive plan | 0 | 42 |
| Proceeds from initial public offering, net | 31,858 | - |
| Net repayment of commercial line of credit | 0 | 12,000 |
| Net repayment of subordinated debt | 15,000 | - |
| Net cash provided by financing activities | 23,229 | 106,541 |
| Net increase in cash and cash equivalents | -17,011 | -24,671 |
| Cash and cash equivalents at beginning of period | 67,961 | - |
| Cash and cash equivalents at end of period | 26,279 | - |
CoastalSouth Bancshares, Inc. (COSO)
CoastalSouth Bancshares, Inc. (COSO)