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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Balance Sheet | Financial information pertaining only to Chain Bridge Bancorp, Inc. is as follows (dollars in thousands):
| December 31,
Balance Sheets | 2024 |  | 2023
Assets |  |  |
Cash | $ | 25,760 |  |  | $ | 43 |
Receivable from subsidiary | 29 |  |  | 103 |
Investment in common stock of Chain Bridge Bank, N.A. | 118,788 |  |  | 88,291 |
Total assets | $ | 144,577 |  |  | $ | 88,437 |
Liabilities and stockholders' equity |  |  |
Short-term borrowings | $ | — |  |  | $ | 5,000 |
Accrued expenses | 331 |  |  | — |
Total liabilities | $ | 331 |  |  | 5,000 |
Stockholders’ equity | 144,246 |  |  | 83,437 |
Total liabilities and stockholders’ equity | $ | 144,577 |  |  | $ | 88,437 |
Condensed Income Statement |
| December 31,
Statements of Income | 2024 |  | 2023
Dividend from Chain Bridge Bank, N.A. | $ | 1,120 |  |  | $ | 480 |
Operating expenses |  |  |
Interest expense and fees on short-term borrowings | 509 |  |  | 423 |
Professional services | 1,851 |  |  | 30 |
Other expenses | 613 |  |  | 41 |
Total operating expenses | 2,973 |  |  | 494 |
Loss before allocated tax expense and undistributed net income of Chain Bridge Bank, N.A. | (1,853) |  |  | (14) |
Income tax benefit | (624) |  |  | (104) |
Undistributed net income of Chain Bridge Bank, N.A. | 22,178 |  |  | 8,741 |
Net income | $ | 20,949 |  |  | $ | 8,831 |
Condensed Cash Flow Statement |
| December 31,
Statements of Cash Flows | 2024 |  | 2023
Cash flows from operating activities |  |  |
Net income | $ | 20,949 |  |  | $ | 8,831 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |
Undistributed net income of Chain Bridge Bank, N.A. | (22,178) |  |  | (8,741) |
Decrease (increase) in receivable from subsidiary | 75 |  |  | (103) |
Increase (decrease) in accrued expenses | 331 |  |  | (41) |
Net cash used in operating activities | (823) |  |  | (54) |
Cash flows from investing activities |  |  |
Investment in Chain Bridge Bank, N.A. | (5,000) |  |  | — |
Net cash used in investing activities | (5,000) |  |  | — |
Cash flows from financing activities |  |  |
Net proceeds from common stock issued | 36,540 |  |  | — |
Repayment of short-term borrowings | (5,000) |  |  | — |
Net cash provided by financing activities | 31,540 |  |  | — |
Net increase (decrease) in cash and cash equivalents | 25,717 |  |  | (54) |
Cash and cash equivalents at beginning of period | 43 |  |  | 97 |
Cash and cash equivalents at end of period | $ | 25,760 |  |  | $ | 43 |

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