Full text of FIRST BANKERS' BANC SECURITIES, INC's X-17A-5 filed 2025-03-26 (period 2024-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ FIRST BANKERS' BANC SECURITIES, INC. STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 {1}------------------------------------------------ # FIRST BANKERS' BANC SECURITIES, INC. TABLE OF CONTENTS DECEMBER 31, 2024 | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | |---------------------------------------------------------|---| | | | | FINANCIAL STATEMENT | | | STATEMENT OF FINANCIAL CONDITION | 2 | | NOTES TO STATEMENT OF FINANCIAL CONDITION | 3 | {2}------------------------------------------------  {3}------------------------------------------------ #### ASSETS | FIRST BANKERS' BANC SECURITIES, INC.<br>STATEMENT OF FINANCIAL CONDITION<br>DECEMBER 31, 2024 | | | |-----------------------------------------------------------------------------------------------|------------------|--| | ASSETS | | | | Cash and Cash Equivalents | \$ 528,713 | | | Deposit with Clearing Organization | 3,500,000 | | | Receivables | 20,081 | | | Securities Owned, at Fair Value | 68,666,132 | | | Fixed Assets, Net | 68,715 | | | Right-Of-Use Assets | 508,709 | | | Goodwill, Net | 5,800,000 | | | Prepaid and Other Assets | 380,402 | | | Total Assets | \lt;br>79,472,752 | | | LIABILITIES AND STOCKHOLDER'S EQUITY | | | | LIABILITIES | | | | | | | #### LIABILITIES AND STOCKHOLDER'S EQUITY | LIABILITIES | | |---------------------------------------|------------------| | Payable to Clearing Organization | \lt;br>42,895,476 | | Securities Sold, Not Yet Purchased | 11,889,287 | | Deferred Tax Liability, Net | 56,022 | | Note Payable - Related Party | 6,000,000 | | Lease Liabilities | 512,911 | | Accounts Payable and Accrued Expenses | 2,804,463 | | Total Liabilities | 64,158,159 | | | | #### STOCKHOLDER'S EQUITY | Common Stock, \$1 Par Value, 1,000 Shares | | |--------------------------------------------|------------------| | Authorized, Issued and Outstanding | 1,000 | | Additional Paid-In Capital | 8,785,160 | | Retained Earnings | 6,528,433 | | Total Stockholder's Equity | 15,314,593 | | Total Liabilities and Stockholder's Equity | \lt;br>79,472,752 | See accompanying Notes to Statement of Financial Condition {4}------------------------------------------------ # NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES # Nature of Operations First Bankers' Banc Securities, Inc. (the "Company") is primarily engaged in the business of buying and selling fixed income securities for financial institutions primari…Read the full text as markdown