2019 Form 10-K Financial Statement

#000119312520080455 Filed on March 20, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018
Revenue $29.82M $26.97M
YoY Change 10.55% 13.97%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.666M $250.0K $930.0K
YoY Change 79.14% 19.05% 14.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.264M $3.795M
YoY Change 38.71% 26.8%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $6.934M $1.860M $6.631M
YoY Change 4.57% 14.11% 23.71%
Income Tax $1.329M $380.0K $1.329M
% Of Pretax Income 19.17% 20.43% 20.04%
Net Earnings $5.605M $1.480M $5.302M
YoY Change 5.71% 311.11% 81.45%
Net Earnings / Revenue 18.8% 19.66%
Basic Earnings Per Share $1.28 $1.21
Diluted Earnings Per Share $1.28 $307.1K $1.21
COMMON SHARES
Basic Shares Outstanding 4.376M 4.378M 4.378M
Diluted Shares Outstanding 4.382M 4.378M

Balance Sheet

Concept 2019 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $50.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $22.50M $13.43M $13.40M
YoY Change 67.91% 11.37% 10.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.200M $1.800M $1.800M
YoY Change -33.33% 28.57% 28.57%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $725.4M $674.9M $674.9M
YoY Change 7.48% 7.75% 7.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $100.0K $100.0K
YoY Change 100.0% 0.0% 0.0%
Accrued Expenses $1.500M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.800M $100.0K $100.0K
YoY Change 1700.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $9.400M $5.000M $5.000M
YoY Change 88.0% 0.0% 0.0%
Other Long-Term Liabilities $3.200M $2.600M $2.600M
YoY Change 23.08% 23.81% 23.81%
Total Long-Term Liabilities $12.60M $7.600M $7.600M
YoY Change 65.79% 7.04% 7.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.800M $100.0K $100.0K
Total Long-Term Liabilities $12.60M $7.600M $7.600M
Total Liabilities $663.9M $619.8M $619.8M
YoY Change 7.12% 7.84% 7.85%
SHAREHOLDERS EQUITY
Retained Earnings $16.52M
YoY Change 34.66%
Common Stock $40.87M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.40M $55.14M $55.10M
YoY Change
Total Liabilities & Shareholders Equity $725.4M $674.9M $674.9M
YoY Change 7.48% 7.75% 7.76%

Cashflow Statement

Concept 2019 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $5.605M $1.480M $5.302M
YoY Change 5.71% 311.11% 81.45%
Depreciation, Depletion And Amortization $1.666M $250.0K $930.0K
YoY Change 79.14% 19.05% 14.67%
Cash From Operating Activities $5.592M $2.680M $8.573M
YoY Change -34.77% 644.44% 27.63%
INVESTING ACTIVITIES
Capital Expenditures $4.398M -$1.600M $2.301M
YoY Change 91.13% 357.14% 19.91%
Acquisitions
YoY Change
Other Investing Activities -$48.13M -$5.570M -$36.47M
YoY Change 31.97% -7.78% -18.58%
Cash From Investing Activities -$52.53M -$7.160M -$38.77M
YoY Change 35.49% 12.05% -17.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $315.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.72M 4.330M 43.50M
YoY Change -17.89% -35.47% -10.0%
NET CHANGE
Cash From Operating Activities 5.592M 2.680M 8.573M
Cash From Investing Activities -52.53M -7.160M -38.77M
Cash From Financing Activities 35.72M 4.330M 43.50M
Net Change In Cash -11.21M -150.0K 13.31M
YoY Change -184.27% -122.06% 59.65%
FREE CASH FLOW
Cash From Operating Activities $5.592M $2.680M $8.573M
Capital Expenditures $4.398M -$1.600M $2.301M
Free Cash Flow $1.194M $4.280M $6.272M
YoY Change -80.96% 502.82% 30.72%

Facts In Submission

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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Note 2</font><font style="display: inline;font-weight:bold;">4 - Impact of recently issued accounting standards</font> </p> <p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, &#x201C;Financial Instruments &#x2013; Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#x201D;&nbsp;&nbsp;The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For public business entities that meet the definition of a U.S. Securities and Exchange Commission (SEC) filer, excluding smaller reporting companies, the standard is effective for fiscal years beginning after December 15, 2019, including interim periods in those fiscal years.&nbsp;&nbsp;All other entities will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022.&nbsp;&nbsp;The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements. The Company has been in discussions with its core processor to coordinate its plans for implementation and has contracted with an additional vendor to begin implementation.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In August 2018, the FASB issued ASU 2018-13, &#x201C;Fair Value Measurement (Topic 820): Disclosure Framework&#x2014;Changes to the Disclosure Requirements for Fair Value Measurement.&#x201D;&nbsp;&nbsp;The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years.&nbsp;&nbsp;Certain of the amendments are to be applied prospectively while others are to be applied retrospectively.&nbsp;&nbsp;Early adoption is permitted.&nbsp;&nbsp;The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Note 24 - Impact of recently issued accounting standards (continued)</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In April 2019, the FASB issued ASU 2019-04, &#x201C;Codification Improvements to Topic 326, Financial Instruments&#x2014;Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.&#x201D;&nbsp;&nbsp;This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various Transition Resource Group (TRG) Meetings.&nbsp;&nbsp;The effective date of each of the amendments depends on the adoption date of ASU 2016-01, ASU 2016-13, and ASU 2017-12.&nbsp;&nbsp;The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In May 2019, the FASB issued ASU 2019-05, &#x201C;Financial Instruments&#x2014;Credit Losses (Topic 326): Targeted Transition Relief.&#x201D;&nbsp;&nbsp;The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326.&nbsp;&nbsp;The fair value option election does not apply to held-to-maturity debt securities.&nbsp;&nbsp;An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings.&nbsp;&nbsp;The effective date and transition methodology for the amendments in ASU 2019-05 are the same as in ASU 2016-13.&nbsp;&nbsp;The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;color:#323232;">In November 2019, the FASB issued ASU 2019-11, &#x201C;Codification Improvements to Topic 326, Financial Instruments &#x2013; Credit Losses.&#x201D;&nbsp;&nbsp;This ASU addresses issues raised by stakeholders during the implementation of ASU No. 2016-13, &#x201C;Financial Instruments&#x2014;Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#x201D;&nbsp;&nbsp;Among other narrow-scope improvements, the new ASU clarifies guidance around how to report expected recoveries. &#x201C;Expected recoveries&#x201D; describes a situation in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but then later determines that the amount written off, or a portion of that amount, will in fact be recovered. While applying the credit losses standard, stakeholders questioned whether expected recoveries were permitted on assets that had already shown credit deterioration at the time of purchase (also known as PCD assets).&nbsp;&nbsp;In response to this question, the ASU permits organizations to record expected recoveries on PCD assets.&nbsp;&nbsp;In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not an entity has already adopted ASU 2016-13.</font><font style="display: inline;"> &nbsp;The Company is currently assessing the impact that ASU 2019-11 will have on its consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In December 2019, the FASB issued ASU 2019-12, &#x201C;Income Taxes (Topic 740) &#x2013; Simplifying the Accounting for Income Taxes.&#x201D;&nbsp; </font><font style="display: inline;color:#323232;">The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers&#x2019; application of certain income tax-related guidance. This ASU is part of the FASB&#x2019;s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects.&nbsp;&nbsp;For </font><font style="display: inline;">public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years.&nbsp;&nbsp;Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> </p> <p><font size="1"> </font></p> <p style="margin:0pt;font-family:Times New Roman;;font-size: 11pt"><font style="display: inline;"></font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Note 24 - Impact of recently issued accounting standards (continued)</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In January 2020, the FASB issued ASU 2020-01, &#x201C;Investments &#x2013; Equity Securities (Topic 321), Investments &#x2013; Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) &#x2013; Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.&#x201D;&nbsp;&nbsp;The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions.&nbsp;&nbsp;ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.&nbsp;&nbsp;Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting.&nbsp;&nbsp;For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years.&nbsp;&nbsp;Early adoption is permitted. The Company does not expect the adoption of ASU 2020-01 to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-size:11pt;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119.&nbsp;&nbsp;SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, &#x201C;Financial Instruments &#x2013; Credit Losses.&#x201D;&nbsp;&nbsp;It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
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5852000
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
185000
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
287000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6934000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1275000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
120000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1329000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1329000
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
1102000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1393000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1456000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
13000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
13000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3000
CY2018 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
29000
CY2019 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
124000
CY2018 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
44550000
CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
37416000
CY2018 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-264000
CY2019 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1226000
CY2018 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
16000
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
46000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
258000
CY2018 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
961000
CY2019 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
1537000
CY2018 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
2617000
CY2019 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
3456000
CY2018 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
227000
CY2019 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
326000
CY2018 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
22460000
CY2019 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
24029000
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
23176000
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24552000
CY2018 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
393000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
805000
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
512000
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
286000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5783
CY2018 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
26971000
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
29816000
CY2018 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
94000
CY2019 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
94000
CY2018 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
24836000
CY2019 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27559000
CY2018Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
231257000
CY2019Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
274602000
CY2018 us-gaap Interest Expense
InterestExpense
3795000
CY2019 us-gaap Interest Expense
InterestExpense
5264000
CY2018 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
17000
CY2018 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
200000
CY2019 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
200000
CY2019 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
454000
CY2018 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
256000
CY2019 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
220000
CY2018 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
760000
CY2019 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
755000
CY2018 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
324000
CY2019 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
312000
CY2018 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
7000
CY2019 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
3779000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
5218000
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
127000
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
173000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
1742000
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
1866000
CY2018 us-gaap Labor And Related Expense
LaborAndRelatedExpense
11279000
CY2019 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13092000
CY2018Q4 us-gaap Land
Land
3302000
CY2019 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
394000
CY2018 us-gaap Marketing Expense
MarketingExpense
611000
CY2019Q4 us-gaap Land
Land
3302000
CY2019 us-gaap Lease Cost
LeaseCost
678000
CY2018Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2571000
CY2019Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3462000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1977000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1352000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
110000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
110000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
111000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
184000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
453000
CY2018Q4 us-gaap Liabilities
Liabilities
619754000
CY2019Q4 us-gaap Liabilities
Liabilities
663949000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
674897000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
725394000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4581000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4829000
CY2018Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
457000
CY2019Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
572000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
534597000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
578103000
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
573274000
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
530016000
CY2018Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
14213000
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
12682000
CY2019 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1585000
CY2019 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
3116000
CY2018Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1670000
CY2019Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
4221000
CY2019 us-gaap Occupancy Net
OccupancyNet
1655000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
365000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1524000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
348000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1508000
CY2019 us-gaap Marketing Expense
MarketingExpense
866000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43500000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35719000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38766000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52525000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8573000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5592000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
5302000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
5605000
CY2019Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
3000000
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
91356000
CY2019Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
93936000
CY2018 us-gaap Noninterest Expense
NoninterestExpense
21064000
CY2019 us-gaap Noninterest Expense
NoninterestExpense
24283000
CY2018 us-gaap Noninterest Income
NoninterestIncome
5235000
CY2019 us-gaap Noninterest Income
NoninterestIncome
7188000
CY2018 us-gaap Noninterest Income Other
NoninterestIncomeOther
105000
CY2019 us-gaap Noninterest Income Other
NoninterestIncomeOther
76000
CY2018Q4 us-gaap Notes Payable
NotesPayable
5000000
CY2019Q4 us-gaap Notes Payable
NotesPayable
5000000
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
534597000
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2018 us-gaap Occupancy Net
OccupancyNet
1522000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0339
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y10M24D
CY2018Q4 us-gaap Other Assets
OtherAssets
1183000
CY2019Q4 us-gaap Other Assets
OtherAssets
8173000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-774000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2238000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
394000
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
83000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-979000
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
3227000
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-205000
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
678000
CY2018 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
930000
CY2019 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1126000
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
2584000
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
9193000
CY2018 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1075000
CY2019 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1289000
CY2017Q4 us-gaap Other Real Estate
OtherRealEstate
2650000
CY2018Q4 us-gaap Other Real Estate
OtherRealEstate
2430000
CY2018 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
850000
CY2019 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
785000
CY2018 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
115331000
CY2019 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
163394000
CY2018 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-43000
CY2019 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
44000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
315000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1050000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1226000
CY2018 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
998000
CY2019 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
16991000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2301000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4398000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0925
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Reclassification</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Management has made certain immaterial reclassifications to the prior year financial statements to conform to the 2019 presentation.&nbsp;&nbsp;Reclassifications had no effect on prior year net income or stockholders&#x2019; equity.</font> </p> <p><font size="1"> </font></p> </div> </div>
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2204000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3171000
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2000000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
9733000
CY2018 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
119205000
CY2019 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
165097000
CY2018 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
846000
CY2019 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
570000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25612000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29971000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13426000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16698000
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
716000
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
523000
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2430000
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2339000
CY2019Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0913
CY2018Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
62052000
CY2019Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
66261000
CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
47956000
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
52383000
CY2014Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.040
CY2018Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
11613000
CY2019Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
16694000
CY2018Q4 us-gaap Restricted Investments
RestrictedInvestments
1462000
CY2019Q4 us-gaap Restricted Investments
RestrictedInvestments
1506000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16521000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20900000
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1871000
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1785000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6373000
CY2015Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.060
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
106000
CY2018Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0850
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0850
CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
45135000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
51665000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
55143000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
61445000
CY2018 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0
CY2019 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
315000
CY2018 us-gaap Supplies Expense
SuppliesExpense
548000
CY2019 us-gaap Supplies Expense
SuppliesExpense
597000
CY2019Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
124000
CY2018Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
62052000
CY2019Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
66261000
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
26835000
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
29016000
CY2018Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
33544000
CY2019Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
36270000
CY2018Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2019Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2019Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
49302000
CY2014Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0600
CY2018Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2019Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2018Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1100
CY2019Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1075
CY2019Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
1909000
CY2019Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
5127000
CY2019Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
100405000
CY2019Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
16770000
CY2019Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
68491000
CY2018Q4 us-gaap Time Deposits
TimeDeposits
189389000
CY2019Q4 us-gaap Time Deposits
TimeDeposits
192702000
CY2018 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
850000
CY2019 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
785000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4378459
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4381597
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4378436
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4375814
CY2019Q4 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilities

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