2013 Q2 Form 10-Q Financial Statement

#000119312513326071 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $16.76M $17.21M
YoY Change -2.61%
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 $570.0K $540.0K
YoY Change 5.56% 3.85%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.932M $3.933M
YoY Change -25.45%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.689M $5.959M
YoY Change -38.09% 10.35%
Income Tax $738.0K $1.623M
% Of Pretax Income 20.01% 27.24%
Net Earnings $2.951M $4.336M
YoY Change -31.94% 11.47%
Net Earnings / Revenue 17.61% 25.2%
Basic Earnings Per Share $0.24 $0.35
Diluted Earnings Per Share $0.24 $0.35
COMMON SHARES
Basic Shares Outstanding 12.45M shares 12.39M shares
Diluted Shares Outstanding 12.45M shares 12.40M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $24.79M $24.23M
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 $24.83M $24.10M
YoY Change 3.04% -2.43%
Goodwill $10.95M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.809B $1.721B
YoY Change 5.14% 15.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.80M $23.20M
YoY Change -53.45% 43.21%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.80M $23.20M
YoY Change -53.45% 43.21%
LONG-TERM LIABILITIES
Long-Term Debt $20.60M $20.60M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.60M $20.60M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.80M $23.20M
Total Long-Term Liabilities $20.60M $20.60M
Total Liabilities $1.678B $1.581B
YoY Change 6.14% 15.51%
SHAREHOLDERS EQUITY
Retained Earnings $92.08M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.222M
YoY Change
Treasury Stock Shares 88.51K shares
Shareholders Equity $131.0M $139.6M
YoY Change
Total Liabilities & Shareholders Equity $1.809B $1.721B
YoY Change 5.14% 15.41%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $2.951M $4.336M
YoY Change -31.94% 11.47%
Depreciation, Depletion And Amortization $570.0K $540.0K
YoY Change 5.56% 3.85%
Cash From Operating Activities $6.680M $6.120M
YoY Change 9.15% -48.27%
INVESTING ACTIVITIES
Capital Expenditures -$910.0K -$550.0K
YoY Change 65.45% -11.29%
Acquisitions
YoY Change
Other Investing Activities -$43.83M -$35.81M
YoY Change 22.4% 867.84%
Cash From Investing Activities -$44.74M -$36.36M
YoY Change 23.05% 737.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.36M 24.26M
YoY Change 0.41% -476.12%
NET CHANGE
Cash From Operating Activities 6.680M 6.120M
Cash From Investing Activities -44.74M -36.36M
Cash From Financing Activities 24.36M 24.26M
Net Change In Cash -13.70M -5.980M
YoY Change 129.1% -675.0%
FREE CASH FLOW
Cash From Operating Activities $6.680M $6.120M
Capital Expenditures -$910.0K -$550.0K
Free Cash Flow $7.590M $6.670M
YoY Change 13.79% -46.43%

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3311000
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CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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4800000
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103108000
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CY2012Q4 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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CY2012Q4 us-gaap Financing Receivable Modifications Recorded Investment
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97806000
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1099000
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1099000
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0.37 pure
CY2012Q4 ccne Troubled Debt Restructuring Loan Principal Balance Forgiven
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0
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CY2012Q4 ccne Financing Receivable Recorded Investment Loans Not Past Due
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904991000
CY2012Q4 ccne Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
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2584000
CY2012Q4 ccne Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
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923000
CY2012Q4 ccne Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
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3507000
CY2012Q4 ccne Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
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3507000
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28181000
CY2012Q4 ccne Percentage Of Commercial Industrial And Agricultural Loans In Loan Portfolio
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0.28 pure
CY2012Q4 ccne Percentage Of Commercial Mortgage Loans In Loan Portfolio
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0.28 pure
CY2012Q4 ccne Percentage Of Consumer Loans And Credit Card Products In Loan Portfolio
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dei Amendment Flag
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dei Entity Filer Category
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dei Document Type
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10-Q
dei Document Period End Date
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2013-06-30
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Transfer Of Other Real Estate
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75382000
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388000
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CY2013Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1088000
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
8762000
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-47000
CY2013Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3115000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-68000
CY2013Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1589000
CY2013Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
779000
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-101000
CY2013Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
436000
CY2013Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
198000
CY2013Q2 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
32348000
CY2013Q2 us-gaap Interest Expense
InterestExpense
2932000
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0
CY2013Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1583000
CY2013Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
103000
CY2013Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
24193000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
164000
CY2013Q2 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
494000
CY2013Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3115000
CY2013Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
319000
CY2013Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1955000
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
1281000
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5332000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
252000
CY2013Q2 us-gaap Advertising Expense
AdvertisingExpense
246000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
738000
CY2013Q2 ccne Average Participating Securities
AverageParticipatingSecurities
-57000 shares
CY2013Q2 ccne Legal Professional And Examination Fees
LegalProfessionalAndExaminationFees
502000
CY2013Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeTax
51000
CY2013Q2 ccne Additional Provision For Loan Losses
AdditionalProvisionForLoanLosses
0
CY2013Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Earnings Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInEarningsTax
-37000
CY2013Q2 ccne Fair Value Assets Level One To Level Two Transfers Amount
FairValueAssetsLevelOneToLevelTwoTransfersAmount
0
CY2013Q2 ccne Net Earnings Allocated To Participating Securities
NetEarningsAllocatedToParticipatingSecurities
-15000
CY2013Q2 ccne Fair Value Assets Level Two To Level One Transfers Number
FairValueAssetsLevelTwoToLevelOneTransfersNumber
0 Securities

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