2020 Q4 Form 10-Q Financial Statement

#000114036121004531 Filed on February 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $14.95M $13.20M $12.61M
YoY Change 13.28% 15.7% 14.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0K $180.0K $180.0K
YoY Change 5.56% 5.88% 20.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.340M $2.286M $2.108M
YoY Change -41.38% 62.01% 57.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.201M $6.002M $5.793M
YoY Change 19.98% 8.44% 7.4%
Income Tax $1.006M $889.0K $930.0K
% Of Pretax Income 13.97% 14.81% 16.05%
Net Earnings $6.195M $5.113M $4.863M
YoY Change 21.16% 11.54% 11.03%
Net Earnings / Revenue 41.44% 38.74% 38.57%
Basic Earnings Per Share $0.73 $0.60 $0.57
Diluted Earnings Per Share $0.73 $0.60 $0.57
COMMON SHARES
Basic Shares Outstanding 8.513M 8.537M 8.538M
Diluted Shares Outstanding 8.513M 8.537M 8.538M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $57.02M $34.54M $110.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $14.05M $13.27M $13.34M
YoY Change 5.87% -0.2% 0.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.865B $1.444B $1.410B
YoY Change 29.15% 20.8% 18.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.80M $17.20M $16.40M
YoY Change 20.93% 44.54% 67.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.80M $17.20M $16.40M
YoY Change 20.93% 44.54% 67.35%
LONG-TERM LIABILITIES
Long-Term Debt $19.60M $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $19.60M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $20.80M $17.20M $16.40M
Total Long-Term Liabilities $19.60M $0.00 $0.00
Total Liabilities $1.726B $1.323B $1.293B
YoY Change 30.44% 21.28% 18.84%
SHAREHOLDERS EQUITY
Retained Earnings $128.4M $110.4M $106.2M
YoY Change 16.32%
Common Stock $861.0K $861.0K $861.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $908.0K $315.0K $277.0K
YoY Change 188.25%
Treasury Stock Shares $97.93K $74.93K $73.53K
Shareholders Equity $138.7M $120.5M $116.5M
YoY Change
Total Liabilities & Shareholders Equity $1.865B $1.444B $1.410B
YoY Change 29.15% 20.8% 18.67%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $6.195M $5.113M $4.863M
YoY Change 21.16% 11.54% 11.03%
Depreciation, Depletion And Amortization $190.0K $180.0K $180.0K
YoY Change 5.56% 5.88% 20.0%
Cash From Operating Activities $5.820M $5.430M $5.817M
YoY Change 7.18% -9.65% 100.31%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$120.0K $256.0K
YoY Change 25.0% -40.0% 118.8%
Acquisitions
YoY Change
Other Investing Activities -$85.05M -$110.0M -$58.46M
YoY Change -22.67% 1063.81% 106.35%
Cash From Investing Activities -$85.19M -$110.1M -$58.71M
YoY Change -22.63% 1041.04% 106.38%
FINANCING ACTIVITIES
Cash Dividend Paid $432.0K
YoY Change -49.41%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.22M 28.37M 134.2M
YoY Change 112.27% 5936.17% 292.73%
NET CHANGE
Cash From Operating Activities 5.820M 5.430M 5.817M
Cash From Investing Activities -85.19M -110.1M -58.71M
Cash From Financing Activities 60.22M 28.37M 134.2M
Net Change In Cash -19.15M -76.31M 81.31M
YoY Change -74.9% 2307.26% 842.44%
FREE CASH FLOW
Cash From Operating Activities $5.820M $5.430M $5.817M
Capital Expenditures -$150.0K -$120.0K $256.0K
Free Cash Flow $5.970M $5.550M $5.561M
YoY Change 7.57% -10.63% 99.53%

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1049010000
CY2020Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1009390000
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2157000
CY2020Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
3270000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
76000
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
11966000
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
4814000
CY2020Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
383657000
CY2020Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
408769000
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
473000
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
361000
CY2020Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
169000
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
33000
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
128000
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
22000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue
291911000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
274588000
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
11000
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
41000
CY2020Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
25193000
CY2020Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
22024000
CY2020Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
4341000
CY2020Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
11605000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
41684000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
107389000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateNetCarryingAmount
134181000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
75648000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
42395000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
69549000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
142018000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
66479000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
102444000
CY2020Q4 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
60911000
CY2020Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
433929000
CY2020Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
405512000
CY2020Q4 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
9
CY2020Q2 us-gaap Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions
HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions
20
CY2020Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2559000
CY2019Q4 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3272000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2870000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3150000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
17000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
24000
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
26000
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
54000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
986000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1191000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1125000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1338000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
177000
CY2020Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
228000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1573000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2081000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1745000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1812000
CY2019Q4 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
41000
CY2020Q4 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
29000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
44000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
108000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1115000
CY2020Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1662000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
1042000
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
1608000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
1115000
CY2020Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
1662000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1042000
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1608000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
12000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
17000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
18000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
54000
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2157000
CY2020Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3270000
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2157000
CY2020Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3270000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6002000
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7201000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12719000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11795000
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1006000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
889000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1649000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1819000
us-gaap Income Taxes Paid
IncomeTaxesPaid
2616000
us-gaap Income Taxes Paid
IncomeTaxesPaid
1820000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-318000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-967000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
124089000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
178643000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
268000
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
957000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-256000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2323000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2185000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1584000
CY2020Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
671000
CY2019Q4 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
638000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1212000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1284000
CY2019Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13197000
CY2020Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
14949000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
25805000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
28287000
CY2020Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11766000
CY2019Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
9801000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
21958000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
19206000
CY2020Q4 us-gaap Interest Expense
InterestExpense
1340000
CY2019Q4 us-gaap Interest Expense
InterestExpense
2286000
us-gaap Interest Expense
InterestExpense
4394000
us-gaap Interest Expense
InterestExpense
2862000
CY2019Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
81000
CY2020Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
287000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
420000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
139000
CY2019Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2205000
CY2020Q4 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1053000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
4255000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2442000
CY2019Q4 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1756000
CY2020Q4 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1960000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3358000
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3935000
CY2020Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12347000
CY2019Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10221000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
20170000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
22920000
CY2020Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
1020000
CY2019Q4 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
1261000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2040000
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
2505000
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13609000
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10911000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21411000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25425000
CY2019Q4 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
172000
CY2020Q4 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
182000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
331000
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
326000
CY2020Q2 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
1362888000
CY2020Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
1521940000
us-gaap Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
377000
us-gaap Interest Paid Net
InterestPaidNet
4371000
us-gaap Interest Paid Net
InterestPaidNet
2614000
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
8475000
CY2020Q2 us-gaap Interest Receivable
InterestReceivable
8207000
CY2020Q4 us-gaap Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
216000
CY2019Q4 us-gaap Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
168000
us-gaap Investment Banking Advisory Brokerage And Underwriting Fees And Commissions
InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
313000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
283000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
179000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
338000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
274000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2242000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
273000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
291000
CY2019Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3992000
CY2020Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4771000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
9178000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
7934000
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1676803000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1864929000
CY2020Q4 us-gaap Liabilities
Liabilities
1726193000
CY2020Q2 us-gaap Liabilities
Liabilities
1547998000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1051167000
CY2020Q2 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1012660000
CY2020Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
16391000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
18270000
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13444000
CY2019Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13200000
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
17596000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
13984000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
198000
CY2020Q4 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
92000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
154000
CY2019Q4 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
53000
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1031519000
CY2020Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
993522000
CY2020Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
433000
CY2020Q2 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
1300000
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;"><tr style="vertical-align: top;"><td style="vertical-align: top; width: 36pt;"><div style="text-align: justify;"><font style="font-weight: bold;">(2)</font></div></td><td style="vertical-align: top; width: auto;"><div style="text-align: justify;"><font style="font-weight: bold;">Nature of Operations</font></div></td></tr></table><div><br /></div><div style="text-align: justify;">Greene County Bancorp, Inc.&#8217;s primary business is the ownership and operation of its subsidiaries, The Bank of Greene County and Greene Risk Management, Inc.&#160; The Bank of Greene County has 17 full-service offices and an operations center and lending center located in its market area within the Hudson Valley and Capital District Regions of New York State.&#160; The Bank of Greene County is primarily engaged in the business of attracting deposits from the general public in The Bank of Greene County&#8217;s market area, and investing such deposits, together with other sources of funds, in loans and investment securities. Greene Risk Management, Inc. is a pooled captive insurance company, which provides additional insurance coverage for the Company and its subsidiaries related to the operations of the Company for which insurance may not be economically feasible. The Bank of Greene County also owns and operates two subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. Greene County Commercial Bank&#8217;s primary business is to attract deposits from, and provide banking services to, local municipalities. Greene Property Holdings, Ltd. was formed as a New York corporation that has elected under the Internal Revenue Code to be a real estate investment trust, which holds mortgages and notes which were originated through and serviced by The Bank of Greene County.</div></div>
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11251000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11323000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
5113000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
6195000
us-gaap Net Income Loss
NetIncomeLoss
9976000
us-gaap Net Income Loss
NetIncomeLoss
11070000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-168822000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172681000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
177919000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
162575000
CY2020Q4 us-gaap Noninterest Expense
NoninterestExpense
7540000
CY2019Q4 us-gaap Noninterest Expense
NoninterestExpense
6535000
us-gaap Noninterest Expense
NoninterestExpense
14673000
us-gaap Noninterest Expense
NoninterestExpense
12957000
CY2019Q4 us-gaap Noninterest Income
NoninterestIncome
2316000
CY2020Q4 us-gaap Noninterest Income
NoninterestIncome
2394000
us-gaap Noninterest Income
NoninterestIncome
4582000
us-gaap Noninterest Income
NoninterestIncome
4472000
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us-gaap Operating Lease Cost
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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us-gaap Proceeds From Sale Of Foreclosed Assets
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us-gaap Professional Fees
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Repayments Of Bank Debt
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us-gaap Repayments Of Federal Home Loan Bank Borrowings
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us-gaap Transfer To Other Real Estate
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us-gaap Use Of Estimates
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<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160; Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the assessment of other-than-temporary security impairment.</div><div><br /></div><div style="text-align: justify;">While management uses available information to recognize losses on loans, future additions to the allowance for loan losses (the &#8220;Allowance&#8221;) may be necessary, based on changes in economic conditions, asset quality or other factors. In addition, various regulatory authorities, as an integral part of their examination process, periodically review the Allowance. Such authorities may require the Company to recognize additions to the Allowance based on their judgments of information available to them at the time of their examination.</div><div><br /></div><div style="text-align: justify;">Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, whether it is more likely than not we will be required to sell the security before recovery, whether loss is expected, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be other-than-temporary are written down to fair value through earnings.</div></div>
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us-gaap Variable Lease Cost
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CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q4 gcbc Number Of Securities Unrealized Loss Position Twelve Months Or Longer
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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dei Amendment Flag
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false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Period End Date
DocumentPeriodEndDate
2020-12-31
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
GREENE COUNTY BANCORP INC
dei Entity Central Index Key
EntityCentralIndexKey
0001070524
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8513414
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Shell Company
EntityShellCompany
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
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dei Entity Small Business
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CY2020Q4 gcbc Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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CY2020Q4 gcbc Number Of Securities Unrealized Loss Position Less Than Twelve Months
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CY2020Q2 gcbc Number Of Securities Unrealized Loss Position Twelve Months Or Longer
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CY2020Q2 gcbc Securities Continuous Unrealized Loss Positions Fair Value
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CY2020Q4 gcbc Held To Maturity Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
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CY2020Q4 gcbc Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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gcbc Nonaccrual Loans Repayments
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gcbc Nonaccrual Loans Charge Offs
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gcbc Nonaccrual Loans Loans Returned To Performing Status
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gcbc Nonaccrual Loans Loans Placed Into Nonperforming Status
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CY2020Q4 gcbc Financing Receivables Amount Of Loans In Nonaccrual That Previously Participated In Loan Deferment Program Due To Covid19
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204000
CY2020Q4 gcbc Financing Receivables Number Of Loans In Nonaccrual That Previously Participated In Loan Deferment Program Due To Covid19
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4
gcbc Interest Income That Was Recorded On Nonaccrual Loans During Period
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gcbc Interest Income That Was Recorded On Nonaccrual Loans During Period
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CY2020Q4 gcbc Debit Card Fees
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gcbc Debit Card Fees
DebitCardFees
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gcbc Debit Card Fees
DebitCardFees
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CY2019Q4 gcbc E Commerce Fees
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gcbc E Commerce Fees
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gcbc E Commerce Fees
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gcbc Service Charges On Deposit Accounts
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gcbc Service Charges On Deposit Accounts
ServiceChargesOnDepositAccounts
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CY2019Q4 gcbc Interest Bearing Deposits And Federal Funds Sold
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CY2020Q4 gcbc Interest Bearing Deposits And Federal Funds Sold
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gcbc Interest Bearing Deposits And Federal Funds Sold
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gcbc Interest Bearing Deposits And Federal Funds Sold
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CY2020Q4 gcbc Computer Software Supplies And Support
ComputerSoftwareSuppliesAndSupport
327000
CY2019Q4 gcbc Computer Software Supplies And Support
ComputerSoftwareSuppliesAndSupport
264000
gcbc Computer Software Supplies And Support
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gcbc Computer Software Supplies And Support
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gcbc Proceeds From Maturities Of Long Term Certificates Of Deposit
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gcbc Proceeds From Maturities Of Long Term Certificates Of Deposit
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gcbc Proceeds From Payments Of Short Term Fhl Bank Borrowings Financing Activities
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gcbc Proceeds From Payments Of Short Term Fhl Bank Borrowings Financing Activities
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gcbc Securities Held To Maturities Principal Payments On Securities
SecuritiesHeldToMaturitiesPrincipalPaymentsOnSecurities
13586000
gcbc Securities Held To Maturities Principal Payments On Securities
SecuritiesHeldToMaturitiesPrincipalPaymentsOnSecurities
32899000
gcbc Securities Available For Sale Principal Payments On Securities
SecuritiesAvailableForSalePrincipalPaymentsOnSecurities
5054000
gcbc Securities Available For Sale Principal Payments On Securities
SecuritiesAvailableForSalePrincipalPaymentsOnSecurities
8352000
gcbc Number Of Loan Portfolio Segments
NumberOfLoanPortfolioSegments
4
CY2020Q2 gcbc Financing Receivable Loan Deferral Program Amount Of Loan Modification Requests Received
FinancingReceivableLoanDeferralProgramAmountOfLoanModificationRequestsReceived
193500000
CY2020Q4 gcbc Financing Receivable Loan Deferral Program Amount Of Loan Modification Requests Received
FinancingReceivableLoanDeferralProgramAmountOfLoanModificationRequestsReceived
14500000
CY2020Q4 gcbc Financing Receivable Loan Deferral Program Number Of Loan Modification Requests Received
FinancingReceivableLoanDeferralProgramNumberOfLoanModificationRequestsReceived
66
CY2020Q2 gcbc Financing Receivable Loan Deferral Program Number Of Loan Modification Requests Received
FinancingReceivableLoanDeferralProgramNumberOfLoanModificationRequestsReceived
706
CY2020Q4 gcbc Financing Receivable Increase In Provision For Loan Losses To Reserve For Losses Resulting From Covid19 Pandemic
FinancingReceivableIncreaseInProvisionForLoanLossesToReserveForLossesResultingFromCOVID19Pandemic
1300000
gcbc Financing Receivable Increase In Provision For Loan Losses To Reserve For Losses Resulting From Covid19 Pandemic
FinancingReceivableIncreaseInProvisionForLoanLossesToReserveForLossesResultingFromCOVID19Pandemic
2500000
gcbc Financing Receivable Increase In Provision For Loan Losses To Reserve For Losses Resulting From Covid19 Pandemic
FinancingReceivableIncreaseInProvisionForLoanLossesToReserveForLossesResultingFromCOVID19Pandemic
1200000
CY2019Q4 gcbc Financing Receivable Increase In Provision For Loan Losses To Reserve For Losses Resulting From Covid19 Pandemic
FinancingReceivableIncreaseInProvisionForLoanLossesToReserveForLossesResultingFromCOVID19Pandemic
690000
CY2020Q2 gcbc Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
632221000
CY2020Q4 gcbc Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
766033000
CY2020Q2 gcbc Debt Securities Available For Sale And Held To Maturity Accumulated Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityAccumulatedUnrecognizedGain
24410000
CY2020Q4 gcbc Debt Securities Available For Sale And Held To Maturity Accumulated Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityAccumulatedUnrecognizedGain
27673000
CY2020Q4 gcbc Debt Securities Available For Sale And Held To Maturity Accumulated Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAccumulatedUnrecognizedLoss
412000
CY2020Q2 gcbc Debt Securities Available For Sale And Held To Maturity Accumulated Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAccumulatedUnrecognizedLoss
186000
CY2020Q4 gcbc Debt Securities Available For Sale And Held To Maturity Amortized Cost
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCost
738772000
CY2020Q2 gcbc Debt Securities Available For Sale And Held To Maturity Amortized Cost
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCost
607997000
gcbc Number Of Categories Utilized Under Risk Management Approach Of Diversified Investing
NumberOfCategoriesUtilizedUnderRiskManagementApproachOfDiversifiedInvesting
3
CY2020Q4 gcbc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
783000

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