195 results
10-Q/A
2024 Q1
GBNY
Generations Bancorp NY Inc
31 May 24
Quarterly report (amended)
4:01pm
| | | | | | | ||||||
| | Three Months Ended March 31, | ||||||||||
(In thousands) | 2024 | 2023 | ||||||||||
| | | ||||||||||
Net loss | | $ | (545) | | $ | (152) | ||||||
Other comprehensive (loss) income, before tax: | | | ||||||||||
Unrealized (losses) gains on securities available-for-sale: | | | ||||||||||
Unrealized holding (losses) gains arising during the period | | (141) | | 415 | ||||||||
Reclassification adjustment for net gains included in net income | | 10 | | — | ||||||||
Net unrealized (losses) gains on securities available-for-sale | | (131) | | 415 | ||||||||
Defined benefit pension plan: | | | ||||||||||
Reclassification of amortization of net losses recognized in net pension expense | | — | | 40 | ||||||||
Net change in defined benefit pension plan asset | | — | | 40 | ||||||||
Other comprehensive (loss) income, before tax | | (131) | | 455 | ||||||||
Tax effect | | 169 | | 95 | ||||||||
Other comprehensive (loss) income, net of tax | | (300) | | 360 | ||||||||
Total comprehensive (loss) income | | $ | (845) | | $ | 208 |
10-Q/A
2024 Q1
GBNY
Generations Bancorp NY Inc
31 May 24
Quarterly report (amended)
4:01pm
| | | | | | | | | | |||||||||
| | Unrealized | | | | Accumulated | ||||||||||||
| | (Losses) Gains | | Defined | | Other | ||||||||||||
Three Months Ended March 31, | | on Securities | | Benefit | | Comprehensive | ||||||||||||
(In thousands) | Available-for-Sale | Pension Plan | Loss | |||||||||||||||
| | | ||||||||||||||||
Balance, December 31, 2023 | | $ | (2,803) | | $ | (1,454) | | $ | (4,257) | |||||||||
Other comprehensive loss before reclassifications | | (308) | | — | | (308) | ||||||||||||
Amounts reclassified from AOCI to the statements of operations | | 8 | | — | | 8 | ||||||||||||
Net current-period other comprehensive loss | | (300) | | — | | (300) | ||||||||||||
Balance, March 31, 2024 | | $ | (3,103) | | $ | (1,454) | | $ | (4,557) | |||||||||
| | | | | | | | | | |||||||||
Balance, December 31, 2022 | | $ | (3,905) | | $ | (2,562) | | $ | (6,467) | |||||||||
Other comprehensive income before reclassifications | | 328 | | — | | 328 | ||||||||||||
Amounts reclassified from AOCI to the statements of operations | | — | | 32 | | 32 | ||||||||||||
Net current-period other comprehensive income | | 328 | | 32 | | 360 | ||||||||||||
Balance, March 31, 2023 | | $ | (3,577) | | $ | (2,530) | | $ | (6,107) |
10-Q/A
2024 Q1
GBNY
Generations Bancorp NY Inc
31 May 24
Quarterly report (amended)
4:01pm
| | | | | | | | | | | | | | | | | | |
| | At December 31, 2023 | ||||||||||||||||
| | Residential | | Business | | | | Commercial | | | | Total | ||||||
(In thousands) | | properties | | assets | | Land | | property | | Other | | Loans | ||||||
One- to four-family | | $ | 1,977 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1,977 |
Real estate - nonresidential | | | 29 | | ��� | — | | | — | | | — | | | — | | | 29 |
Commercial business | | | — | | | 414 | | | — | | | — | | | — | | | 414 |
Home equity and junior liens | | | 85 | | | — | | | — | | | — | | | — | | | 85 |
Total loans | | $ | 2,091 | | $ | 414 | | $ | — | | $ | — | | $ | — | | $ | 2,505 |
10-Q/A
2024 Q1
GBNY
Generations Bancorp NY Inc
31 May 24
Quarterly report (amended)
4:01pm
| | | | | | | | | | | | | | | |
| | At March 31, 2024 | |||||||||||||
| | Carrying | | | | | | | | | | | Fair | ||
(In thousands) | Amount | Level 1 | Level 2 | Level 3 | Value | ||||||||||
Financial assets: | | | | | | ||||||||||
Cash and cash equivalents | | $ | 5,858 | | $ | 5,858 | | $ | — | | $ | — | | $ | 5,858 |
Interest-earning time deposits in banks | | | 6,812 | | | — | | | 6,812 | | | — | | | 6,812 |
Securities available-for-sale | | 27,887 | | — | | 26,419 | | 1,468 | | 27,887 | |||||
Securities held-to-maturity | | 1,433 | | — | | 1,215 | | — | | 1,215 | |||||
Equity securities | | 388 | | 388 | | — | | — | | 388 | |||||
Loans receivable, net | | 329,288 | | — | | — | | 295,892 | | 295,892 | |||||
FHLB stock | | 1,666 | | — | | 1,666 | | — | | 1,666 | |||||
Accrued interest receivable | | 1,740 | | 1,740 | | — | | — | | 1,740 | |||||
| | | | | | | | | | | | | | | |
Financial liabilities: | | | | | | ||||||||||
Deposits | | $ | 343,780 | | $ | 85,131 | | $ | — | | $ | 250,003 | | $ | 335,134 |
Short-term borrowings | | | 2,905 | | | — | | | 2,892 | | | — | | | 2,892 |
Long-term borrowings | | 22,563 | | — | | 22,372 | | — | | 22,372 | |||||
Accrued interest payable | | 480 | | 480 | | — | | — | | 480 |
10-Q/A
2024 Q1
GBNY
Generations Bancorp NY Inc
31 May 24
Quarterly report (amended)
4:01pm
| | | | | | |
| | Three Months Ended March 31, | ||||
(In thousands, except per share data) | | 2024 | | 2023 | ||
Net loss available to common stockholders | | $ | (545) | | $ | (152) |
Weighted-average common shares outstanding | | | 2,138 | | | 2,240 |
Losses per common share - basic and diluted | | $ | (0.25) | | $ | (0.07) |
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
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10-Q/A
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31 May 24
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10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
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4:01pm
10-Q/A
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31 May 24
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10-Q/A
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31 May 24
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4:01pm
10-Q/A
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31 May 24
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4:01pm
10-Q/A
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31 May 24
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4:01pm
10-Q/A
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31 May 24
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4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm
10-Q/A
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31 May 24
Quarterly report (amended)
4:01pm