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Condensed Financial Statements of Greene County Bancorp, Inc. | 12 Months Ended
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Jun. 30, 2025
Condensed Financial Statements of Greene County Bancorp, Inc. [Abstract] |
Condensed Financial Statements of Greene County Bancorp, Inc. | Note 20. Condensed Financial Statements of Greene County Bancorp, Inc. The following condensed financial statements summarize the financial position and the results of operations and cash flows of Greene County Bancorp, Inc., for the periods indicated. Greene County Bancorp, Inc. Condensed Statements of Financial Condition At June 30, 2025 and 2024 (In thousands)
ASSETS |  | 2025 |  |  |  | 2024 |
Cash and cash equivalents | $ | 30,925 |  |  | $ | 22,469 |
Investment in subsidiaries |  | 258,333 |  |  |  | 233,758 |
Prepaid expenses and other assets |  | 40 |  |  |  | 38 |
Total assets | $ | 289,298 |  |  | $ | 256,265 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Subordinated notes payable, net | $ | 49,867 |  |  | $ | 49,681 |
Accrued expenses and other liabilities |  | 594 |  |  |  | 584 |
Total liabilities |  | 50,461 |  |  |  | 50,265 |
Total shareholders’ equity |  | 238,837 |  |  |  | 206,000 |
Total liabilities and shareholders’ equity | $ | 289,298 |  |  | $ | 256,265 |
Greene County Bancorp, Inc. Condensed Statements of Income For the Years Ended June 30, 2025 and 2024 (In thousands)
|  | 2025 |  |  |  | 2024 |
INCOME: |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries | $ | 18,401 |  |  | $ | 19,096 |
Dividend distributed by subsidiary |  | 15,000 |  |  |  | 8,000 |
Interest-earning deposits |  | 19 |  |  |  | 13 |
Other income |  | - |  |  |  | 15 |
Total Income |  | 33,420 |  |  |  | 27,124 |
OPERATING EXPENSES: |  |  |  |  |  |  |
Legal fees |  | 94 |  |  |  | 98 |
Interest on borrowings |  | 1,850 |  |  |  | 1,850 |
Other expense |  | 338 |  |  |  | 407 |
Total operating expenses |  | 2,282 |  |  |  | 2,355 |
Net income | $ | 31,138 |  |  | $ | 24,769 |
Greene County Bancorp, Inc. Condensed Statements of Cash Flows For the Years Ended June 30, 2025 and 2024 (In thousands)
Cash flow from operating activities: |  | 2025 |  |  |  | 2024 |
Net Income | $ | 31,138 |  |  | $ | 24,769 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Undistributed earnings of subsidiaries |  | (18,401 | ) |  |  | (19,096 | )
Amortization of subordinated debt issuance costs |  | 186 |  |  |  | 186 |
Net (increase) decrease in prepaid expenses and other assets |  | (2 | ) |  |  | 55 |
Net increase (decrease) in total liabilities |  | 10 |  |  |  | (27 | )
Net cash provided by operating activities |  | 12,931 |  |  |  | 5,887 |
Cash flows from financing activities: |  |  |  |  |  |  |
Payment of cash dividends |  | (4,475 | ) |  |  | (3,240 | )
Net cash used by financing activities |  | (4,475 | ) |  |  | (3,240 | )
Net increase in cash and cash equivalents |  | 8,456 |  |  |  | 2,647 |
Cash and cash equivalents at beginning of year |  | 22,469 |  |  |  | 19,822 |
Cash and cash equivalents at end of year | $ | 30,925 |  |  | $ | 22,469 |

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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 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: 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 4: 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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