Condensed Financial Statements of Greene County Bancorp, Inc. (Tables)

12 Months Ended

Jun. 30, 2026

Condensed Financial Statements of Greene County Bancorp, Inc. [Abstract]

Condensed Balance Sheet

Greene County Bancorp, Inc.

Condensed Statements of Financial Condition

At June 30, 2026 and 2025

(In thousands)


ASSETS			2026				2025
Cash and cash equivalents		$	15,121			$	30,925
Investment in subsidiaries			292,956				258,333
Prepaid expenses and other assets			42				40
Total assets		$	308,119			$	289,298

LIABILITIES AND SHAREHOLDERS’ EQUITY
Subordinated notes payable, net		$	29,979			$	49,867
Accrued expenses and other liabilities			309				594
Total liabilities			30,288				50,461
Total shareholders’ equity			277,831				238,837
Total liabilities and shareholders’ equity		$	308,119			$	289,298

Condensed Income Statement

Greene County Bancorp, Inc.

Condensed Statements of Income

For the Years Ended June 30, 2026 and 2025

(In thousands)


			2026				2025
INCOME:
Equity in undistributed net income of subsidiaries		$	32,570			$	18,401
Dividend distributed by subsidiary			10,000				15,000
Interest-earning deposits			8				19
Total Income			42,578				33,420

OPERATING EXPENSES:
Legal fees			99				94
Interest on borrowings			1,178				1,850
Other expense			279				338
Total operating expenses			1,556				2,282
Net income		$	41,022			$	31,138

Condensed Cash Flow Statement

Greene County Bancorp, Inc.

Condensed Statements of Cash Flows

For the Years Ended June 30, 2026 and 2025

(In thousands)


Cash flow from operating activities:			2026				2025
Net Income		$	41,022			$	31,138
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed earnings of subsidiaries			(32,570	)			(18,401	)
Amortization of subordinated debt issuance costs			112				186
Net increase in prepaid expenses and other assets			(2	)			(2	)
Net (decrease) increase in accrued expenses and other liabilities			(285	)			10
Net cash provided by operating activities			8,277				12,931

Cash flows from financing activities:
Payment of cash dividends			(4,049	)			(4,475	)
Purchase of treasury stock			(32	)			-
Repayment of subordinated notes payable			(20,000	)			-
Net cash used by financing activities			(24,081	)			(4,475	)

Net (decrease) increase in cash and cash equivalents			(15,804	)			8,456
Cash and cash equivalents at beginning of year			30,925				22,469
Cash and cash equivalents at end of year		$	15,121			$	30,925