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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent Company Financial Information | Parent Company Financial Information The following tables summarize condensed financial statements for Burke & Herbert Financial Services Corp., which commenced operations as a holding company on October 1, 2022, as of and for the years ended December 31, 2024, and December 31, 2023 (in thousands):
Parent Company Only Condensed Balance Sheet |  | December 31, 2024 |  | December 31, 2023
Assets |  |  |  |
Cash and cash equivalents |  | $ | 8,320 |  |  | $ | 284 |
Investment in banking subsidiary |  | 833,630 |  |  | 313,364 |
Other assets |  | 73,392 |  |  | 1,653 |
Total assets |  | $ | 915,342 |  |  | $ | 315,301 |
Liabilities |  |  |  |
Subordinated debentures, net |  | 94,872 |  |  | — |
Subordinated debentures owed to unconsolidated subsidiary trusts |  | 17,013 |  |  | — |
Accrued expenses and other liabilities |  | $ | 5,828 |  |  | $ | 551 |
Total liabilities |  | 117,713 |  |  | 551 |
Total Shareholders’ Equity |  | 797,629 |  |  | 314,750 |
Total Liabilities and Shareholders’ Equity |  | $ | 915,342 |  |  | $ | 315,301 |
Parent Company Only Condensed Statement of Income |  | December 31, 2024 |  | December 31, 2023
Income |  |  |  |
Dividends from bank subsidiary |  | $ | 23,869 |  |  | $ | 18,997 |
Total Income |  | 23,869 |  |  | 18,997 |
Expense |  |  |  |
Salaries and employee benefit |  | 6,949 |  |  | 2,052 |
Interest expense |  | 7,412 |  |  | — |
Other operating expenses |  | 7,863 |  |  | 4,826 |
Total Expense |  | 22,224 |  |  | 6,878 |
Income (loss) before income tax benefit and equity in undistributed income of subsidiaries |  | 1,645 |  |  | 12,119 |
Income tax benefit |  | 4,718 |  |  | 1,445 |
Income (loss) before equity in undistributed income of subsidiaries |  | 6,363 |  |  | 13,564 |
Equity in undistributed earnings of subsidiary |  | 29,345 |  |  | 9,128 |
Net Income |  | 35,708 |  |  | 22,692 |
Preferred stock dividends |  | 675 |  |  | — |
Net income applicable to common shares |  | $ | 35,033 |  |  | $ | 22,692 |
Parent Company Only Condensed Statement of Cash Flows |  | December 31, 2024 |  | December 31, 2023
Cash Flows from Operating Activities |  |  |  |
Net income |  | $ | 35,708 |  |  | $ | 22,692 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |
Equity in undistributed income of subsidiaries |  | (29,345) |  |  | (9,128) |
Share-based compensation |  | 2,879 |  |  | 2,464 |
Deferred income taxes |  | (773) |  |  | (539) |
Net change in other assets |  | 24,446 |  |  | (899) |
Net change in other liabilities |  | 3,498 |  |  | (906) |
Net cash flows provided by operating activities |  | $ | 36,413 |  |  | $ | 13,684 |
Cash Flows from Investing Activities |  | — |  |  | — |
Net cash (used in) provided by investing activities |  | $ | — |  |  | $ | — |
Cash Flows from Financing Activities |  |  |  |
Proceeds from employee stock purchase program |  | 259 |  |  | 206 |
Dividends paid |  | (28,636) |  |  | (15,747) |
Treasury stock transactions |  | — |  |  | 141 |
Net cash (used in) financing activities |  | $ | (28,377) |  |  | $ | (15,400) |
Increase in cash and cash equivalents |  | $ | 8,036 |  |  | $ | (1,716) |
Cash and cash equivalents |  |  |  |
Beginning of the year |  | $ | 284 |  |  | $ | 2,000 |
End of the year |  | 8,320 |  |  | 284 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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