2022 Q4 Form 10-Q Financial Statement

#000165495422015169 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $9.432M
YoY Change 2.4%
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 $288.0K $283.6K
YoY Change 2.87% -2.2%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.059M
YoY Change 45.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.808M $4.439M
YoY Change 41.31% -2.68%
Income Tax $1.105M $828.8K
% Of Pretax Income 19.03% 18.67%
Net Earnings $4.679M $3.611M
YoY Change 38.85% -2.4%
Net Earnings / Revenue 38.28%
Basic Earnings Per Share $0.66
Diluted Earnings Per Share $0.86 $667.4K
COMMON SHARES
Basic Shares Outstanding 5.421M shares 5.405M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.1M
YoY Change
Cash & Equivalents $71.14M $73.90M
Short-Term Investments $192.9M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $13.04M $13.16M
YoY Change -5.27% -5.93%
Goodwill $11.57M $11.57M
YoY Change 0.0% 0.0%
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 $1.056B $1.027B
YoY Change 3.62% 6.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.315M $7.858M
YoY Change 1478.86% 2.05%
Accrued Expenses $658.4K $710.00
YoY Change -83.12%
Deferred Revenue
YoY Change
Short-Term Debt $33.08M $32.25M
YoY Change 1.47% 44.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.974M $7.858M
YoY Change 62.18% 2.06%
LONG-TERM LIABILITIES
Long-Term Debt $16.53M $12.89M
YoY Change -1.01% -0.07%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $16.53M $12.89M
YoY Change -1.01% -0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.974M $7.858M
Total Long-Term Liabilities $16.53M $12.89M
Total Liabilities $980.9M $957.3M
YoY Change 4.98% 8.13%
SHAREHOLDERS EQUITY
Retained Earnings $46.46M $43.03M
YoY Change 23.06% 20.93%
Common Stock $14.12M $14.07M
YoY Change 1.07% 0.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.623M $2.623M
YoY Change 0.0% 0.0%
Treasury Stock Shares 210.1K shares 210.1K shares
Shareholders Equity $75.18M $69.54M
YoY Change
Total Liabilities & Shareholders Equity $1.056B $1.027B
YoY Change 3.62% 6.02%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $4.679M $3.611M
YoY Change 38.85% -2.4%
Depreciation, Depletion And Amortization $288.0K $283.6K
YoY Change 2.87% -2.2%
Cash From Operating Activities $4.851M $4.624M
YoY Change 37.82% 155.48%
INVESTING ACTIVITIES
Capital Expenditures $217.2K -$230.3K
YoY Change -280.98% -110.97%
Acquisitions
YoY Change
Other Investing Activities -$27.14M -$28.76M
YoY Change -61.46% 367.65%
Cash From Investing Activities -$27.36M -$28.99M
YoY Change -61.21% 615.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.74M 31.20M
YoY Change -58.53% -12.55%
NET CHANGE
Cash From Operating Activities 4.851M 4.624M
Cash From Investing Activities -27.36M -28.99M
Cash From Financing Activities 19.74M 31.20M
Net Change In Cash -2.762M 6.835M
YoY Change -85.76% -79.56%
FREE CASH FLOW
Cash From Operating Activities $4.851M $4.624M
Capital Expenditures $217.2K -$230.3K
Free Cash Flow $4.634M $4.854M
YoY Change 27.31% -1773.94%

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cmtv Amortization Of Limited Partnership
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cmtv Capital Loss On Leases
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23797 usd
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cmtv Decrease In Limited Partnership Contributions Payable
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cmtv Decrease In Limited Partnership Contributions Payable
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150000 usd
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cmtv Proceeds From Partnership Contributions
ProceedsFromPartnershipContributions
2000000 usd
us-gaap Increase Decrease In Other Loans
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34956148 usd
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cmtv Total Dividends Paid
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15166418 usd
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AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
185730997 usd
CY2022Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
28569853 usd
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
147512619 usd
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1629983 usd
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
10730872 usd
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
293002 usd
CY2021Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
144 integer
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
158243491 usd
CY2021Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
1922985 usd
CY2022Q3 cmtv Loans Receivable Commercial Industrial
LoansReceivableCommercialIndustrial
121224062 usd
CY2021Q4 cmtv Loans Receivable Commercial Industrial
LoansReceivableCommercialIndustrial
111125622 usd
CY2022Q3 cmtv Purchased Loans
PurchasedLoans
8078281 usd
CY2021Q4 cmtv Purchased Loans
PurchasedLoans
9807848 usd
CY2022Q3 cmtv Loans Receivable Real Estate Commercial
LoansReceivableRealEstateCommercial
324327160 usd
CY2021Q4 cmtv Loans Receivable Real Estate Commercial
LoansReceivableRealEstateCommercial
300958931 usd
CY2022Q3 cmtv Loans Receivable Municipal
LoansReceivableMunicipal
40164698 usd
CY2021Q4 cmtv Loans Receivable Municipal
LoansReceivableMunicipal
47955231 usd
CY2022Q3 cmtv Residential Real Estate First St Lien
ResidentialRealEstateFirstStLien
192566579 usd
CY2021Q4 cmtv Residential Real Estate First St Lien
ResidentialRealEstateFirstStLien
181316345 usd
CY2022Q3 cmtv Residential Real Estate Jr Lien
ResidentialRealEstateJrLien
33773471 usd
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7710256 usd
CY2022Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-466602 usd
CY2021Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
37972 usd
CY2022Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
716228517 usd
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
682240305 usd
CY2022Q3 cmtv Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
2743222 usd
CY2022Q3 cmtv Financing Receivable Recorded Investment90 Days Or More Past Due
FinancingReceivableRecordedInvestment90DaysOrMorePastDue
2670888 usd
CY2022Q3 cmtv Notes Receivable Gross Financial Asset Past Due
NotesReceivableGrossFinancialAssetPastDue
5414110 usd
CY2022Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
718779891 usd
CY2022Q3 cmtv Loans Gross
LoansGross
724194001 usd
CY2022Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
8602731 usd
CY2022Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
744330 usd
CY2021Q4 cmtv Financing Receivable Recorded Investment30 To89 Days Past Due
FinancingReceivableRecordedInvestment30To89DaysPastDue
2135203 usd
CY2021Q4 cmtv Financing Receivable Recorded Investment90 Days Or More Past Due
FinancingReceivableRecordedInvestment90DaysOrMorePastDue
3095765 usd
CY2021Q4 cmtv Notes Receivable Gross Financial Asset Past Due
NotesReceivableGrossFinancialAssetPastDue
5230968 usd
CY2021Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
684757565 usd
CY2021Q4 cmtv Loans Gross
LoansGross
689988533 usd
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
5940629 usd
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
593303 usd
CY2022Q3 cmtv Residential Mortgage Loans In Process Of Foreclosure Number Of Loans
ResidentialMortgageLoansInProcessOfForeclosureNumberOfLoans
2 integer
CY2022Q3 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
151645 usd
CY2021Q4 cmtv Residential Mortgage Loans In Process Of Foreclosure Number Of Loans
ResidentialMortgageLoansInProcessOfForeclosureNumberOfLoans
5 integer
CY2021Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
195082 usd
cmtv Non Accrual Status Or Tdrs Regardless Of Amount
NonAccrualStatusOrTdrsRegardlessOfAmount
100000 usd
CY2022Q2 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
8232773 usd
CY2022Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-41837 usd
CY2022Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
116150 usd
CY2022Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
125000 usd
cmtv Total All Evaluted For Impairment
TotalAllEvalutedForImpairment
8432086 usd
CY2021Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7710256 usd
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-750680 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
147510 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1325000 usd
cmtv Total All Evaluted For Impairment
TotalAllEvalutedForImpairment
8432086 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
109914 usd
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
8322172 usd
CY2022Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
10971601 usd
CY2022Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
713222400 usd
cmtv Total Loans Evaluted For Impairment
TotalLoansEvalutedForImpairment
724194001 usd
CY2020Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7208485 usd
CY2021 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-227202 usd
CY2021 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
104808 usd
CY2021 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
624165 usd
CY2021Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7710256 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
79978 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
7630278 usd
CY2021 cmtv Total All Evaluted For Impairment
TotalAllEvalutedForImpairment
7710256 usd
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
8456162 usd
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
681532371 usd
CY2021 cmtv Total Loans Evaluted For Impairment
TotalLoansEvalutedForImpairment
689988533 usd
CY2021Q2 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7719256 usd
CY2021Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-30638 usd
CY2021Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
89167 usd
CY2021Q3 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7819307 usd
CY2020Q4 us-gaap Allowance For Loan And Lease Losses Real Estate
AllowanceForLoanAndLeaseLossesRealEstate
7208485 usd
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-86858 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
73515 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
624165 usd
CY2022Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
10984228 usd
CY2022Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
13329761 usd
CY2022Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
109914 usd
CY2022Q3 cmtv Accrued Interest Receivable And Deferred Net Loan Costs
AccruedInterestReceivableAndDeferredNetLoanCosts
12627 usd
CY2022Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9180148 usd
CY2022Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
131404 usd
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8704989 usd
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
252665 usd
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
8489239 usd
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
10149243 usd
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
79978 usd
CY2021Q4 cmtv Accrued Interest Receivable And Deferred Net Loan Costs
AccruedInterestReceivableAndDeferredNetLoanCosts
33077 usd
CY2021Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7873611 usd
CY2021Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
9347801 usd
CY2021Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
89033 usd
CY2021Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7233738 usd
CY2021Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
133874 usd
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7072345 usd
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
282203 usd
CY2022Q3 cmtv Group A Acceptable Risk Loan
GroupAAcceptableRiskLoan
700313040 usd
CY2022Q3 cmtv Group B Management Involved Loans
GroupBManagementInvolvedLoans
9052761 usd
CY2022Q3 cmtv Group C Unacceptable Risk Loan
GroupCUnacceptableRiskLoan
14828200 usd
CY2022Q3 cmtv Loans Gross Amount
LoansGrossAmount
724194001 usd
CY2021Q4 cmtv Group A Acceptable Risk Loan
GroupAAcceptableRiskLoan
667382286 usd
CY2021Q4 cmtv Group B Management Involved Loans
GroupBManagementInvolvedLoans
7243419 usd
CY2021Q4 cmtv Group C Unacceptable Risk Loan
GroupCUnacceptableRiskLoan
15362828 usd
CY2021Q4 cmtv Loans Gross Amount
LoansGrossAmount
689988533 usd
CY2022Q3 cmtv Modified Loans Related To Covid19
ModifiedLoansRelatedToCovid19
89600000 usd
CY2021Q3 cmtv Financing Receivable Modifications Number Of Contracts
FinancingReceivableModificationsNumberOfContracts
1 integer
CY2021Q3 cmtv Financing Receivable Modifications Pre Modification Recorded Investment
FinancingReceivableModificationsPreModificationRecordedInvestment
2250000 usd
CY2021Q3 cmtv Financing Receivable Modifications Post Modification Recorded Investment
FinancingReceivableModificationsPostModificationRecordedInvestment
2250000 usd
cmtv Financing Receivable Modifications Number Of Contracts
FinancingReceivableModificationsNumberOfContracts
2 integer
cmtv Financing Receivable Modifications Pre Modification Recorded Investment
FinancingReceivableModificationsPreModificationRecordedInvestment
2291751 usd
cmtv Financing Receivable Modifications Post Modification Recorded Investment
FinancingReceivableModificationsPostModificationRecordedInvestment
2291751 usd
CY2022Q3 cmtv Allowance Related To Tdrs
AllowanceRelatedToTdrs
96788 usd
CY2021Q4 cmtv Allowance Related To Tdrs
AllowanceRelatedToTdrs
79978 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
187227320 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
182342459 usd
CY2021Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
897720 usd
CY2020Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
922146 usd
us-gaap Payments For Proceeds From Mortgage Servicing Rights
PaymentsForProceedsFromMortgageServicingRights
99014 usd
CY2021 us-gaap Payments For Proceeds From Mortgage Servicing Rights
PaymentsForProceedsFromMortgageServicingRights
147328 usd
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
116098 usd
CY2021 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
225404 usd
us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
0 usd
CY2021 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
53650 usd
CY2022Q3 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
880636 usd
CY2021Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
897720 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.23

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