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Condensed Financial Statements of Parent Company | 12 Months Ended
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Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Financial Statements of Parent Company | Condensed Financial Statements of Parent Company 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 |
| 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 |
| 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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- 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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- References No definition available. + Details
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