GCBC — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-09

• Commercial lending generally involves greater risk and risks that are different from those associated with residential and commercial real estate mortgage lending. Commercial lending is generally considered to be cash flow and collateral based. Accordingly, the repayment of a commercial loan depends…

• As needed, to enhance strong levels of liquidity and to fund loan demand, the Bank and the Commercial Bank (the “Banks”) may accept brokered deposits, generally in denominations of less than $250,000, from national brokerage networks, custodial deposit networks or through IntraFi’s one-way Certifica…

• Capital Framework. In July 2013, U.S. banking regulators approved the final rules to Basel III and established new capital standards, called “The Capital Rules”. The Capital Rules revised the definitions and components of regulatory capital and addressed other regulatory deficiencies.

• In addition to establishing the minimum regulatory capital requirements, the Capital Rules require an additional “capital conservation buffer”, which must consist entirely of CET1, and added to each of the minimum required risk-based capital ratios. The capital conservation buffers’ purpose is to ab…

• Federal banking agencies, including the OCC, issued a rule in accordance with The Economic Growth Regulatory Relief and Consumer Protection Act of 2018 (“the Regulatory Relief Act”) to establish for qualifying institutions with total consolidated assets of less than $10 billion a “community bank lev…

Text removed vs the prior filing · source: 10-K · 2025-09-05

• Commercial lending generally involves greater risk than residential mortgage lending and involves risks that are different from those associated with residential and commercial real estate mortgage lending. Commercial lending is generally considered to be cash flow and collateral based, with loan am…

• In efforts to enhance strong levels of liquidity and to fund loan demand, the Bank and the Commercial Bank (the “Banks”) may accept brokered deposits, generally in denominations of less than $250,000, from national brokerage networks, custodial deposit networks or through IntraFi’s one-way CDARS and…

• Capital Requirements. Federal regulations require FDIC-insured depository institutions, including federal savings associations, to meet several minimum capital standards: a Common Equity Tier 1 capital to total risk-weighted assets ratio, a Tier 1 capital to total risk-weighted assets ratio, a total…

• In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier 1 capital to risk-weig…

• Federal law requires the federal banking agencies, including the OCC, to establish for institutions with assets of less than $10 billion a “community bank leverage ratio” between 8.0% to 10.0%. Institutions with capital complying with the ratio and otherwise meeting the specified requirements (inclu…

Text added vs the prior filing · source: 10-K · 2026-09-09

• This annual report contains forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995, which describes the future plans, strategies and expectations of the Company. Greene County Bancorp, Inc. desires to take advantage of the “safe harbor” provisions of th…

• changes in asset quality, or fluctuations in real estate values,

• cybersecurity risks, failures or breaches of our IT security systems,

• changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio,

• our ability to introduce new products and services and capitalize on growth opportunities,

Text removed vs the prior filing · source: 10-K · 2025-09-05

• This annual report contains forward-looking statements. Greene County Bancorp, Inc. desires to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and is including this statement for the express purpose of availing itself of the protections of the s…

• (d) continued period of high inflation could adversely impact customers,

• (9) The Company adopted the CECL accounting standard effective July 1, 2023. For periods subsequent to adoption, the allowance is calculated under the CECL methodology. The periods prior to adoption, the allowance calculation was based on the incurred loss methodology.

• Greene County Bancorp, Inc. (the “Company”) is the holding company for the Bank of Greene County (the “Bank”), a community-based bank offering a variety of financial services to meet the needs of the communities it serves. Greene County Bancorp, Inc.’s stock is traded on the NASDAQ Capital Market un…

• Net interest rate spread and margin both increased when comparing the years ended June 30, 2025 and 2024. Net interest rate spread increased 22 basis points to 1.97% for the year ended June 30, 2025, compared to 1.75% for the year ended June 30, 2024. Net interest margin increased 21 basis points to…