2024 Q2 Form 10-Q Financial Statement

#000156276224000138 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $32.62M $30.89M $22.38M
YoY Change 34.34% 38.02% 45.87%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $479.0K $507.0K $478.0K
YoY Change -5.15% 6.07% 23.51%
% of Gross Profit
Depreciation & Amortization $146.0K $140.0K $150.0K
YoY Change -2.67% -6.67% -20.21%
% of Gross Profit
Operating Expenses $479.0K $507.0K $478.0K
YoY Change -5.15% 6.07% 23.51%
Operating Profit
YoY Change
Interest Expense $15.31M $15.73M $6.382M
YoY Change 51.44% 146.46% 562.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.176M $6.038M $7.690M
YoY Change 47.87% -21.48% 14.57%
Income Tax $1.967M $1.426M $1.881M
% Of Pretax Income 24.06% 23.62% 24.46%
Net Earnings $6.209M $4.612M $5.809M
YoY Change 47.97% -20.61% 19.67%
Net Earnings / Revenue 19.04% 14.93% 25.96%
Basic Earnings Per Share
Diluted Earnings Per Share $0.31 $0.23 $0.29
COMMON SHARES
Basic Shares Outstanding 19.65M shares 19.65M shares 19.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $77.26M $126.5M $63.25M
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 $4.728M $4.787M $5.135M
YoY Change -5.91% -6.78% -72.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.03M $36.25M $39.57M
YoY Change -14.93% -8.39% 1.82%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.458B $2.489B $2.164B
YoY Change 10.44% 15.03% 9.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $32.57M $23.39M $24.83M
YoY Change 10.79% -5.79% 5.02%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.57M $23.39M $24.83M
YoY Change 10.79% -5.79% 5.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.976M $5.946M $4.673M
YoY Change 29.91% 27.24% 105.23%
Total Long-Term Liabilities $5.976M $5.946M $4.673M
YoY Change 29.91% 27.24% 105.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.57M $23.39M $24.83M
Total Long-Term Liabilities $5.976M $5.946M $4.673M
Total Liabilities $2.257B $2.294B $1.980B
YoY Change 10.53% 15.87% 11.53%
SHAREHOLDERS EQUITY
Retained Earnings -$79.76M -$84.95M -$99.62M
YoY Change -16.12% -14.72% -16.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $201.0M $195.0M $183.9M
YoY Change
Total Liabilities & Shareholders Equity $2.458B $2.489B $2.164B
YoY Change 10.44% 15.03% 9.99%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $6.209M $4.612M $5.809M
YoY Change 47.97% -20.61% 19.67%
Depreciation, Depletion And Amortization $146.0K $140.0K $150.0K
YoY Change -2.67% -6.67% -20.21%
Cash From Operating Activities $17.90M $8.026M $9.001M
YoY Change 59.94% -10.83% 60.65%
INVESTING ACTIVITIES
Capital Expenditures $87.00K $91.00K $22.00K
YoY Change 117.5% 313.64% -85.81%
Acquisitions
YoY Change
Other Investing Activities -$19.69M -$66.33M -$69.21M
YoY Change -55.47% -4.16% -14.11%
Cash From Investing Activities -$19.77M -$66.42M -$69.23M
YoY Change -55.32% -4.06% -14.25%
FINANCING ACTIVITIES
Cash Dividend Paid $1.016M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.41M $143.9M $69.31M
YoY Change -183.03% 107.58% -43.65%
NET CHANGE
Cash From Operating Activities 17.90M $8.026M $9.001M
Cash From Investing Activities -19.77M -$66.42M -$69.23M
Cash From Financing Activities -47.41M $143.9M $69.31M
Net Change In Cash -49.29M $85.48M $9.083M
YoY Change -305.01% 841.14% -81.03%
FREE CASH FLOW
Cash From Operating Activities $17.90M $8.026M $9.001M
Capital Expenditures $87.00K $91.00K $22.00K
Free Cash Flow $17.81M $7.935M $8.979M
YoY Change 59.73% -11.63% 64.81%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9083000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41062000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54168000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126546000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63251000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
14624000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
6044000 usd
CY2024Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
720000 usd
CY2023Q1 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
4500000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<div id="TextBlockContainer6" style="position:relative;line-height:normal;width:739px;height:155px;"><div id="TextContainer6" style="position:relative;width:739px;z-index:1;"><div id="a2599" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Overview </div><div id="a2602" style="position:absolute;font-family:'Arial';left:29px;top:31px;">USCB Financial Holdings,<div style="display:inline-block;width:5px"> </div>Inc.,<div style="display:inline-block;width:4px"> </div>a Florida corporation<div style="display:inline-block;width:5px"> </div>incorporated in 2021,<div style="display:inline-block;width:6px"> </div>is a bank<div style="display:inline-block;width:5px"> </div>holding company with<div style="display:inline-block;width:5px"> </div>one direct </div><div id="a2605" style="position:absolute;font-family:'Arial';left:5px;top:46px;">wholly owned subsidiary,<div style="display:inline-block;width:5px"> </div>U.S. Century Bank (the “Bank”), together referred to as “the Company”.<div style="display:inline-block;width:5px"> </div>The Bank, established in </div><div id="a2611" style="position:absolute;font-family:'Arial';left:5px;top:61px;">2002, is a Florida state-chartered,<div style="display:inline-block;width:5px"> </div>non-member financial institution providing<div style="display:inline-block;width:5px"> </div>financial services through its<div style="display:inline-block;width:5px"> </div>banking centers </div><div id="a2616" style="position:absolute;font-family:'Arial';left:5px;top:77px;">located in South Florida. </div><div id="a2620" style="position:absolute;font-family:'Arial';left:29px;top:107px;">The Bank<div style="display:inline-block;width:5px"> </div>owns a<div style="display:inline-block;width:5px"> </div>subsidiary,<div style="display:inline-block;width:6px"> </div>Florida Peninsula<div style="display:inline-block;width:5px"> </div>Title LLC,<div style="display:inline-block;width:6px"> </div>that offers<div style="display:inline-block;width:6px"> </div>our clients<div style="display:inline-block;width:5px"> </div>title insurance<div style="display:inline-block;width:5px"> </div>policies for<div style="display:inline-block;width:5px"> </div>real estate </div><div id="a2622" style="position:absolute;font-family:'Arial';left:5px;top:123px;">transactions closed at the Bank. Licensed in the State of Florida and approved by the Department of Insurance Regulation, </div><div id="a2624" style="position:absolute;font-family:'Arial';left:5px;top:138px;">Florida Peninsula Title LLC began operations<div style="display:inline-block;width:5px"> </div>in 2021.</div></div></div>
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div id="TextBlockContainer15" style="position:relative;line-height:normal;width:738px;height:93px;"><div id="TextContainer15" style="position:relative;width:738px;z-index:1;"><div id="a2678" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Use of Estimates </div><div id="a2681" style="position:absolute;font-family:'Arial';left:29px;top:31px;">To prepare<div style="display:inline-block;width:5px"> </div>financial statements in conformity with U.S. GAAP,<div style="display:inline-block;width:6px"> </div>management makes estimates and assumptions based </div><div id="a2682" style="position:absolute;font-family:'Arial';left:5px;top:46px;">on available<div style="display:inline-block;width:6px"> </div>information. These<div style="display:inline-block;width:6px"> </div>estimates and<div style="display:inline-block;width:6px"> </div>assumptions affect<div style="display:inline-block;width:6px"> </div>the amounts<div style="display:inline-block;width:6px"> </div>reported in<div style="display:inline-block;width:6px"> </div>the financial<div style="display:inline-block;width:6px"> </div>statements. The </div><div id="a2683" style="position:absolute;font-family:'Arial';left:5px;top:61px;">most significant<div style="display:inline-block;width:5px"> </div>estimates impacting<div style="display:inline-block;width:5px"> </div>the Company’s<div style="display:inline-block;width:6px"> </div>consolidated financial<div style="display:inline-block;width:5px"> </div>statements are<div style="display:inline-block;width:5px"> </div>the allowance<div style="display:inline-block;width:5px"> </div>for credit<div style="display:inline-block;width:5px"> </div>losses </div><div id="a2686" style="position:absolute;font-family:'Arial';left:5px;top:77px;">(“ACL”) and income taxes.</div></div></div>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div id="TextBlockContainer18" style="position:relative;line-height:normal;width:739px;height:63px;"><div id="TextContainer18" style="position:relative;width:739px;z-index:1;"><div id="a2689" style="position:absolute;font-family:'Arial';font-weight:bold;left:5px;top:0px;">Reclassifications </div><div id="a2692" style="position:absolute;font-family:'Arial';left:29px;top:31px;">Certain amounts in the consolidated financial statements have been reclassified to conform<div style="display:inline-block;width:2px"> </div>to the current presentation. </div><div id="a2700" style="position:absolute;font-family:'Arial';left:5px;top:46px;">Reclassifications had no impact on the net income or stockholders’<div style="display:inline-block;width:5px"> </div>equity of the Company.</div></div></div>
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
12000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
312224000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
567000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
52799000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
259992000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
162000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
21056000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
152156000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
12000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
173038000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
279427000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
244000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
50342000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
229329000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
174982000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
350000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
19822000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
155510000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
8000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
174974000 usd
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
8617000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
3000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
24000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-21000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
2722000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2863000 usd
CY2024Q1 uscb Debt Securities Held To Maturity Amortized Cost Before Allowance For Credit Loss Maturity Allocated And Single Maturity Date After Year One Through Five
DebtSecuritiesHeldToMaturityAmortizedCostBeforeAllowanceForCreditLossMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughFive
9354000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
8681000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
38045000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
33506000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
12840000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
9666000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
312224000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
259992000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
152156000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
56861000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
646000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
337570000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
82517000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
394431000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
83163000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
34182000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
989000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
338700000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
78373000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
372882000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
79362000 usd
CY2024Q1 uscb Advance From Bank Term Funding Program
AdvanceFromBankTermFundingProgram
80000000 usd
CY2024Q1 uscb Percent Of Total Loans
PercentOfTotalLoans
1.000 pure
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1778644000 usd
CY2023Q4 uscb Percent Of Total Loans
PercentOfTotalLoans
1.000 pure
CY2024Q1 uscb Financing Receivable Deferred Costs
FinancingReceivableDeferredCosts
2938000 usd
CY2023Q4 uscb Financing Receivable Deferred Costs
FinancingReceivableDeferredCosts
2183000 usd
CY2024Q1 uscb Notes Receivable Gross Including Deferred Costs
NotesReceivableGrossIncludingDeferredCosts
1821196000 usd
CY2023Q4 uscb Notes Receivable Gross Including Deferred Costs
NotesReceivableGrossIncludingDeferredCosts
1780827000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21454000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21084000 usd
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
1799742000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1759743000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21084000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
363000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
12000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
5000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21454000 usd
CY2024Q1 uscb Unfunded Commitments
UnfundedCommitments
43000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesHeldToMaturityAllowanceForCreditLossPeriodIncreaseDecrease
4000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17487000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
285000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
54000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
5000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18887000 usd
CY2023 uscb Unfunded Commitments
UnfundedCommitments
84000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21500000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21100000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
124000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
21330000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21454000 usd
CY2024Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
7739000 usd
CY2024Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1810519000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1818258000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
273000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
20811000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
21084000 usd
CY2023Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
8662000 usd
CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1769982000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1778644000 usd
CY2024Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
123230000 usd
CY2024Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
420462000 usd
CY2024Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
475045000 usd
CY2024Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
287438000 usd
CY2024Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
115470000 usd
CY2024Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
355522000 usd
CY2024Q1 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
41091000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1818258000 usd
CY2023Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
476967000 usd
CY2023Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
486064000 usd
CY2023Q4 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
293457000 usd
CY2023Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
118070000 usd
CY2023Q4 uscb Financing Receivable Originated Five Years Before Current Fiscal Year
FinancingReceivableOriginatedFiveYearsBeforeCurrentFiscalYear
103334000 usd
CY2023Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
262818000 usd
CY2023Q4 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
37934000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1778644000 usd
CY2024Q1 uscb Financing Receivable Including90 Days Or More Past Due Still Accruing And Excluding Non Accrual Before Allowance For Credit Loss
FinancingReceivableIncluding90DaysOrMorePastDueStillAccruingAndExcludingNonAccrualBeforeAllowanceForCreditLoss
1817802000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
456000 usd
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1818258000 usd
CY2023Q4 uscb Financing Receivable Including90 Days Or More Past Due Still Accruing And Excluding Non Accrual Before Allowance For Credit Loss
FinancingReceivableIncluding90DaysOrMorePastDueStillAccruingAndExcludingNonAccrualBeforeAllowanceForCreditLoss
1778176000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
468000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1778644000 usd
CY2024Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
262000 usd
CY2023Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
334000 usd
CY2024Q1 uscb Financing Receivable Nonaccrual Loans With Related Allowance
FinancingReceivableNonaccrualLoansWithRelatedAllowance
456000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
456000 usd
CY2023Q4 uscb Financing Receivable Nonaccrual Loans With Related Allowance
FinancingReceivableNonaccrualLoansWithRelatedAllowance
468000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
468000 usd
CY2024Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2023Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2024Q1 uscb Number Of Loans Modified During Period
NumberOfLoansModifiedDuringPeriod
1 item
CY2024Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
468000 usd
CY2024Q1 uscb Number Of Loans Modified During Period
NumberOfLoansModifiedDuringPeriod
1 item
CY2024Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
468000 usd
CY2024Q1 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0 usd
CY2024Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1114000 usd
CY2023Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1472000 usd
CY2024Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
312000 usd
CY2023Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
409000 usd
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1426000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1881000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
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0001562762-24-000138.txt Edgar Link pending
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exhibit311.htm Edgar Link pending
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