[Part I - Financial Information](index=8&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=8&type=section&id=Item%201%2E%20Financial%20Statements) Unaudited interim consolidated financial statements for the period ended March 31, 2025 are presented Consolidated Balance Sheet Highlights (unaudited) | Account | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total cash and cash equivalents | $629,217 | $410,739 | | Total securities | $775,132 | $659,305 | | Loans, net | $297,526 | $308,773 | | **Total assets** | **$1,726,860** | **$1,401,124** | | Total deposits | $1,568,392 | $1,249,935 | | **Total liabilities** | **$1,575,355** | **$1,256,878** | | **Total stockholders' equity** | **$151,505** | **$144,246** | Consolidated Income Statement Highlights (unaudited) | Account | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | | :--- | :--- | :--- | | Net interest income | $13,848 | $8,792 | | Total noninterest income | $695 | $1,648 | | Total noninterest expenses | $7,571 | $5,741 | | **Net income** | **$5,607** | **$3,917** | | **Earnings per common share, basic and diluted** | **$0.85** | **$0.86** | Consolidated Cash Flow Highlights (unaudited) | Cash Flow Activity | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $3,109 | $3,471 | | Net cash (used in) provided by investing activities | ($103,088) | $2,325 | | Net cash provided by financing activities | $318,457 | $23,742 | | **Net increase in cash and cash equivalents** | **$218,478** | **$29,538** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202%2E%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net income grew 43.1% in Q1 2025, driven by higher net interest income from a cyclical influx of political deposits [Q1 2025 Highlights](index=39&type=section&id=Highlights) The company reported strong Q1 2025 growth with net income of $5.6 million and total assets reaching $1.7 billion Q1 2025 Financial Performance vs. Q1 2024 | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $5.6 million | $3.9 million | | Earnings Per Share | $0.85 | $0.86 | | Net Interest Income | $13.8 million | $8.8 million | | Return on Average Equity | 15.39% | 18.33% | | Return on Average Assets | 1.43% | 1.39% | Balance Sheet and Capital Highlights (as of March 31, 2025) | Metric | Value | Compared to Dec 31, 2024 | | :--- | :--- | :--- | | Total Assets | $1.7 billion | $1.4 billion | | Total Deposits | $1.6 billion | $1.2 billion | | Book Value Per Share | $23.09 | $21.98 | | Bank Tier 1 Risk-Based Capital Ratio | 36.93% | 31.76% | [Significant Factors Impacting Our Business](index=40&type=section&id=Significant%20Factors%20Impacting%20Our%20Business%2C%20Financial%20Condition%20and%20Results%20of%20Operations) Performance is driven by interest rate sensitivity, cyclical political deposits, and regional economic conditions - The business is significantly impacted by federal election cycles, which cause large fluctuations in deposit levels from political organizations; a post-election surge in Q1 2025 led to three accounts holding **$472.0 million**, or **30.1% of total deposits**[139](index=139&type=chunk)[141](index=141&type=chunk) - Net interest income is highly correlated to short-term interest rates due to high levels of liquid assets; **higher rates generally increase net interest income**, while falling rates would have an adverse effect[138](index=138&type=chunk) - As of March 31, 2025, an estimated **74.6% of total deposits were uninsured by the FDIC**; the company offers clients access to additional FDIC insurance through the ICS® network to manage this risk[149](index=149&type=chunk)[150](index=150&type=chunk) [Results of Operations](index=44&type=section&id=Results%20of%20Operations) Q1 2025 net income rose 43.1% to $5.6 million, driven by higher net interest income despite rising expenses Comparison of Results of Operations (in thousands) | Item | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net interest income | $13,848 | $8,792 | $5,056 | 57.5% | | Noninterest income | $695 | $1,648 | ($953) | (57.8%) | | Noninterest expense | $7,571 | $5,741 | $1,830 | 31.9% | | **Net income** | **$5,607** | **$3,917** | **$1,690** | **43.1%** | - The increase in net interest income was primarily driven by a **$5.3 billion increase in volume of interest-earning assets**, particularly interest-bearing deposits in other banks, which was funded by the influx of political deposits[174](index=174&type=chunk) - Noninterest income decreased significantly due to a **$989 thousand drop in deposit placement services income**, as average One-Way Sell® deposit balances fell from $259.7 million in Q1 2024 to $63.5 million in Q1 2025[188](index=188&type=chunk)[194](index=194&type=chunk) - Noninterest expense rose by $1.8 million, driven by a **$923 thousand increase in salaries and benefits** (from higher headcount) and a **$428 thousand increase in professional services** (legal and consulting for public company operations)[197](index=197&type=chunk)[198](index=198&type=chunk)[199](index=199&type=chunk) [Financial Condition](index=51&type=section&id=Financial%20Condition) Total assets grew 23.2% to $1.73 billion, fueled by a deposit increase, while the loan portfolio slightly decreased Securities Portfolio Composition (Carrying Value) | Security Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | U.S. government treasuries | $437,950 | $320,976 | 36.4% | | Corporate bonds | $104,431 | $101,444 | 2.9% | | State and municipal securities | $216,423 | $220,120 | (1.7%) | | **Total securities** | **$774,780** | **$658,982** | **17.6%** | Loan Portfolio Composition | Loan Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Commercial real estate | $51,982 | $53,480 | (2.8%) | | Commercial | $18,555 | $27,883 | (33.5%) | | Residential real estate, closed-end | $211,936 | $210,730 | 0.6% | | **Total loans** | **$302,002** | **$313,287** | **(3.6%)** | Deposit Composition | Deposit Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Noninterest-bearing | $1,243,170 | $913,379 | 36.1% | | Savings, interest-bearing and money market | $313,969 | $324,845 | (3.3%) | | **Total deposits** | **$1,568,392** | **$1,249,935** | **25.5%** | - A significant deposit outflow of approximately **$506.5 million occurred on April 15, 2025**, from political organization accounts, which the company funded using cash reserves at the Federal Reserve[92](index=92&type=chunk)[267](index=267&type=chunk) [Liquidity and Capital Management](index=64&type=section&id=Liquidity%20and%20Capital%20Management) The company maintains a strong liquidity position and robust capital levels, remaining 'well capitalized' by all measures - The company's **liquidity ratio was 89.14%** as of March 31, 2025, up from 85.13% at year-end 2024; primary liquidity is held as cash at the Federal Reserve, which stood at $620.3 million[281](index=281&type=chunk) - The company utilizes the ICS® network to manage liquidity and deposit levels; as of March 31, 2025, **$93.2 million in deposits were placed off-balance sheet** as One-Way Sell® deposits[281](index=281&type=chunk)[292](index=292&type=chunk) Bank Regulatory Capital Ratios | Ratio | March 31, 2025 | Well Capitalized Requirement | | :--- | :--- | :--- | | Total risk-based capital ratio | 38.12% | 10.00% | | Tier 1 risk-based capital ratio | 36.93% | 8.00% | | Tier 1 leverage ratio | 9.07% | 5.00% | [Quantitative and Qualitative Disclosures About Market Risk](index=67&type=section&id=Item%203%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is asset-sensitive, with net interest income expected to increase by 12.04% with a +100 bps rate shift - The company is **asset-sensitive**, with a one-year cumulative gap of $847.3 million as of March 31, 2025, indicating that assets reprice faster than liabilities[294](index=294&type=chunk) Net Interest Income (NII) Sensitivity Analysis (as of March 31, 2025) | Rate Change Scenario (Immediate Shift) | % Change in NII (12-Month Horizon) | | :--- | :--- | | +200 bps | +24.10% | | +100 bps | +12.04% | | -100 bps | (12.16%) | | -200 bps | (24.49%) | [Controls and Procedures](index=68&type=section&id=Item%204%2E%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective with no material changes to internal controls in Q1 2025 - Management concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2025[302](index=302&type=chunk) - **No changes in internal control over financial reporting** occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal controls[303](index=303&type=chunk) [Part II - Other Information](index=69&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=69&type=section&id=Item%201%2E%20Legal%20Proceedings) The company is not party to any material legal or regulatory proceedings - The company is **not presently party to any material legal proceedings**[305](index=305&type=chunk) [Risk Factors](index=69&type=section&id=Item%201A%2E%20Risk%20Factors) No material changes to risk factors were reported since the 2024 Annual Report - **No material changes in risk factors** were reported since the last Annual Report on Form 10-K[306](index=306&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202%2E%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the period - None[307](index=307&type=chunk) [Defaults Upon Senior Securities](index=69&type=section&id=Item%203%2E%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None[308](index=308&type=chunk) [Mine Safety Disclosures](index=69&type=section&id=Item%204%2E%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - Not applicable[309](index=309&type=chunk) [Other Information](index=69&type=section&id=Item%205%2E%20Other%20Information) No directors or officers entered into, modified, or terminated Rule 10b5-1 trading plans in Q1 2025 - **No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading plans** during the quarter[310](index=310&type=chunk) [Exhibits](index=70&type=section&id=Item%206%2E%20Exhibits) This section lists required CEO and CFO certifications filed with the Form 10-Q Filed Exhibits | Number | Description | | :--- | :--- | | 31.1 | CEO Certification (Section 302 of Sarbanes-Oxley) | | 31.2 | CFO Certification (Section 302 of Sarbanes-Oxley) | | 32.1 | CEO and CFO Certification (Section 906 of Sarbanes-Oxley) |

Exhibit 99.1 Chain Bridge Bancorp, Inc. Reports First Quarter 2025 Financial Results McLean, Virginia — April 28, 2025 Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the "Company"), the holding company for Chain Bridge Bank, N.A. (the "Bank"), today announced financial results for the first quarter of 2025. Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: "The first quarter of 2025 was the Company's first full reporting period following its initial public offering. During the quarter, the C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-42302 _________________________ Chain Bridge Bancorp, Inc. (Exact name of registrant as spe ...

Exhibit 99.1 Chain Bridge Bancorp, Inc. Reports Fourth Quarter 2024 and Full Year 2024 Financial Results McLean, Virginia — January 28, 2025 Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the "Company"), the holding company for Chain Bridge Bank, N.A. (the "Bank"), today announced financial results for the fourth quarter of 2024 and the twelve months ended December 31, 2024. Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: Fourth Quarter 2024 Financial Highlights (Three Months Ended Decembe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-42302 ________________________ ...