2015 Q4 Form 10-Q Financial Statement

#000119312515372180 Filed on November 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $7.788M
YoY Change -0.53%
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
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $765.6K
YoY Change 0.91%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.200M $2.424M $2.110M
YoY Change 51.66% -2.37% -21.85%
Income Tax $870.0K $587.4K $450.0K
% Of Pretax Income 27.19% 24.23% 21.33%
Net Earnings $2.330M $1.836M $1.660M
YoY Change 40.36% -3.25% -21.7%
Net Earnings / Revenue 23.58%
Basic Earnings Per Share $0.38
Diluted Earnings Per Share $477.5K $0.38 $340.9K
COMMON SHARES
Basic Shares Outstanding 4.873M shares 4.878M shares 4.878M shares
Diluted Shares Outstanding 4.879M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $14.95M $20.35M $22.41M
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 $18.66M $18.73M $19.24M
YoY Change -3.04% -3.9% 3.31%
Goodwill
YoY Change
Intangibles $3.150M $3.150M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets $9.200M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $973.5M $960.9M $921.1M
YoY Change 5.69% 7.98% 5.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $104.3M $98.20M $114.4M
YoY Change -8.83% 19.32% 4.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.200M $9.400M $8.500M
YoY Change 8.24% 4.44% -1.16%
Total Long-Term Liabilities $9.200M $9.400M $8.500M
YoY Change 8.24% 4.44% -1.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $200.0K
Total Long-Term Liabilities $9.200M $9.400M $8.500M
Total Liabilities $887.1M $876.4M $839.2M
YoY Change 5.7% 8.16% 4.02%
SHAREHOLDERS EQUITY
Retained Earnings $88.95M $87.79M $85.90M
YoY Change 3.55% 2.84% 3.75%
Common Stock $4.592M $4.824M $4.837M
YoY Change -5.06% 0.44% 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.43M $84.51M $81.86M
YoY Change
Total Liabilities & Shareholders Equity $973.5M $960.9M $921.1M
YoY Change 5.69% 7.98% 5.5%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income $2.330M $1.836M $1.660M
YoY Change 40.36% -3.25% -21.7%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $3.890M $1.710M $2.440M
YoY Change 59.43% -49.71% -5.79%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$220.0K -$70.00K
YoY Change 171.43% 144.44% -12.5%
Acquisitions
YoY Change
Other Investing Activities -$18.56M -$29.51M -$27.37M
YoY Change -32.19% 523.89% 210.67%
Cash From Investing Activities -$18.74M -$29.75M -$27.43M
YoY Change -31.68% 518.5% 208.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.460M 29.53M 28.29M
YoY Change -66.56% -1934.16% 773.15%
NET CHANGE
Cash From Operating Activities 3.890M 1.710M 2.440M
Cash From Investing Activities -18.74M -29.75M -27.43M
Cash From Financing Activities 9.460M 29.53M 28.29M
Net Change In Cash -5.390M 1.490M 3.300M
YoY Change -263.33% -149.34% -208.2%
FREE CASH FLOW
Cash From Operating Activities $3.890M $1.710M $2.440M
Capital Expenditures -$190.0K -$220.0K -$70.00K
Free Cash Flow $4.080M $1.930M $2.510M
YoY Change 62.55% -44.7% -5.99%

Facts In Submission

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7022836
CY2015Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7788461
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
2017613
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-5110
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
1836461
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2226566
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1396057
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1742749
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6881132
CY2015Q3 us-gaap Interest Expense
InterestExpense
765625
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
468565
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-8589
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
830509
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
587405
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
6474879
CY2015Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1776868
CY2015Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
141704
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
1356655
CY2015Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
297060
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3341356
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-13699
CY2015Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax
338103
CY2015Q3 cizn Other Comprehensive Income Loss Amortization Of Net Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Before Tax
OtherComprehensiveIncomeLossAmortizationOfNetUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax
539239
CY2015Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesTax
201136

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