ADDED
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant, computed by reference to the last sale price of the most recently completed second quarter was approximately $ 223.2 million.
Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
FB BANCORP, INC., AND SUBSIDIARY FORM 10-K INDEX PAGE PART I Item 1.
In January 2014, the Bank acquired the net assets of NOLA Lending Group (sometimes referred to herein as NOLA , NOLA Lending , and mortgage division ) as a fully-owned division of the Bank that originates our residential one- to four-family residential real estate loans.
On December 31, 2025, the Bank entered into an agreement to sell substantially all of the assets and liabilities of NOLA.
Market Area We consider our primary market areas for deposit gathering and origination of loans held for investment to be southern Louisiana including the Metropolitan Statistical Areas ( MSA ) of New Orleans-Metairie-Hammond, Baton Rouge and Lafayette.
Loan balances exclude the fair value of loans held for sale, which totaled $28.5 million and $26.0 million at December 31, 2025 and December 31, 2024, respectively.
Due after December 31, 2026 Fixed Adjustable Total (Dollars in thousands) One- to four-family residential $ 95,457 $ 135,275 $ 230,732 Residential construction 38,058 38,058 Commercial real estate 119,112 80,824 199,936 Commercial 27,815 11,996 39,811 Home equity loans and lines of credit 15,013 96,033 111,046 Other consumer 13,957 680 14,637 Total $ 309,412 $ 324,808 $ 634,220 Residential Mortgage Lending .
At December 31, 2025, we had $230.7 million of loans secured by first lien residential real estate, or 31.0% of total loans held for investment.
At December 31, 2025, we had $38.1 million in residential construction loans, or 5.1% of total loans, and had committed to loan an additional $20.1 million with respect to such loans.
REMOVED
At June 30, 2024 , there were no publicly issued shares of common stock, as such, there was no market value.
In January 2014, the Bank acquired the net assets of NOLA Lending Group ( NOLA ) as a fully-owned division of the Bank that originates our residential one- to four-family residential real estate loans.
Market Area We consider our primary market areas for deposit gathering and origination of loans held for investment to be southern Louisiana and for origination of loans held for sale to be southern Louisiana, the Florida panhandle and Mississippi.
Loan balances exclude the fair value of loans held for sale, which totaled $26.0 million and $22.6 million at December 31, 2024 and December 31, 2023, respectively.
Due after December 31, 2025 Fixed Adjustable Total (Dollars in thousands) One- to four-family residential $ 99,920 $ 154,709 $ 254,629 Residential construction 34,139 34,139 Commercial real estate 137,089 74,117 211,206 Commercial 33,180 26,753 59,933 Home equity loans and lines of credit 15,120 89,227 104,347 Other consumer 20,481 684 21,165 Total $ 339,929 $ 345,490 $ 685,419 Residential Mortgage Lending .
At December 31, 2024, we had $254.6 million of loans secured by first lien residential real estate, or 33.6% of total loans held for investment.
At December 31, 2024, we had $34.1 million in residential construction loans, or 4.5% of total loans, and had committed to loan an additional $27.1 million with respect to such loans.
These types of loans are generally limited to the New Orleans, Hammond and Baton Rouge metropolitan statistical areas or within 100 miles of a NOLA loan production office and within the same state as that loan production office.
At December 31, 2024, we had $241.1 million in commercial real estate loans, or 31.8% of total loans.
Our commercial real estate portfolio is comprised primarily of retail, one- to four-family loans for investment purposes, multi-family, and office loans, and, to a lesser extent, commercial construction and land development loans.