2013 Q4 Form 10-Q Financial Statement

#000119312513440134 Filed on November 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $5.430M $5.235M $5.148M
YoY Change 5.38% 1.69%
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 $558.0K $721.0K
YoY Change -22.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.740M $2.023M $1.765M
YoY Change 8.75% 14.62% 22.57%
Income Tax $520.0K $620.0K $530.0K
% Of Pretax Income 29.89% 30.65% 30.03%
Net Earnings $1.224M $1.407M $1.231M
YoY Change 9.29% 14.3% 23.1%
Net Earnings / Revenue 22.54% 26.88% 23.91%
Basic Earnings Per Share $0.45 $0.51 $0.45
Diluted Earnings Per Share $0.45 $0.51 $0.45
COMMON SHARES
Basic Shares Outstanding 2.737M shares 2.737M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments $151.5M $144.7M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.690M $8.550M $8.400M
YoY Change 2.54% 1.79% 9.09%
Goodwill $4.728M $4.728M
YoY Change 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 $596.5M $593.9M $568.8M
YoY Change 1.63% 4.41% 24.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $48.70M $46.00M $43.00M
YoY Change 10.68% 6.98% 32.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.70M $46.00M $43.00M
YoY Change 10.68% 6.98% 32.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.000M $2.300M $2.600M
YoY Change -13.04% -11.54% 36.84%
Total Long-Term Liabilities $2.000M $2.300M $2.600M
YoY Change -13.04% -11.54% 36.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.70M $46.00M $43.00M
Total Long-Term Liabilities $2.000M $2.300M $2.600M
Total Liabilities $544.1M $541.7M $516.7M
YoY Change 1.8% 4.85% 26.43%
SHAREHOLDERS EQUITY
Retained Earnings $30.23M $29.50M
YoY Change 12.13%
Common Stock $28.59M $28.59M
YoY Change -0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.958M $4.958M $5.015M
YoY Change -0.36% -1.14%
Treasury Stock Shares 244.0K shares 244.0K shares
Shareholders Equity $52.41M $52.15M $52.10M
YoY Change
Total Liabilities & Shareholders Equity $596.5M $593.9M $568.8M
YoY Change 1.63% 4.41% 24.25%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $1.224M $1.407M $1.231M
YoY Change 9.29% 14.3% 23.1%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $2.040M $1.770M $3.120M
YoY Change -23.6% -43.27% 164.41%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$660.0K -$240.0K
YoY Change -11.11% 175.0% 60.0%
Acquisitions
YoY Change
Other Investing Activities -$9.330M -$11.25M -$16.83M
YoY Change 30.86% -33.16% 3558.7%
Cash From Investing Activities -$9.720M -$11.91M -$17.07M
YoY Change 28.23% -30.23% 2698.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.670M 21.68M 800.0K
YoY Change -90.24% 2610.0% -88.67%
NET CHANGE
Cash From Operating Activities 2.040M 1.770M 3.120M
Cash From Investing Activities -9.720M -11.91M -17.07M
Cash From Financing Activities 1.670M 21.68M 800.0K
Net Change In Cash -6.010M 11.54M -13.15M
YoY Change -149.26% -187.76% -272.35%
FREE CASH FLOW
Cash From Operating Activities $2.040M $1.770M $3.120M
Capital Expenditures -$400.0K -$660.0K -$240.0K
Free Cash Flow $2.440M $2.430M $3.360M
YoY Change -21.79% -27.68% 152.63%

Facts In Submission

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dei Entity Registrant Name
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dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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10-Q
dei Document Period End Date
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2013-09-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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201000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2023000
CY2013Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5235000
CY2013Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4413000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
1407000
CY2013Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
130000
CY2013Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
67000
CY2013Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
149000
CY2013Q3 us-gaap Noninterest Income
NoninterestIncome
1190000
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
3634000
CY2013Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
195000
CY2013Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
18000
CY2013Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
210000
CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
450000
CY2013Q3 us-gaap Equipment Expense
EquipmentExpense
182000
CY2013Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
492000
CY2013Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3809000
CY2013Q3 us-gaap Interest Expense
InterestExpense
558000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-81000
CY2013Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
117000
CY2013Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
91000
CY2013Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
195000
CY2013Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
CY2013Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
90000
CY2013Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
423000
CY2013Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
89000
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34000
CY2013Q3 us-gaap Occupancy Net
OccupancyNet
245000
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2028000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
149000
CY2013Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
616000
CY2013Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2013Q3 csbb Franchise Tax Expense
FranchiseTaxExpense
147000
CY2013Q3 csbb Debit Card Expense
DebitCardExpense
62000
CY2013Q3 csbb Software Expense
SoftwareExpense
133000
CY2013Q3 csbb Professional And Director Fees
ProfessionalAndDirectorFees
174000
CY2013Q3 csbb Other Comprehensive Income Reclassification Adjustment Available For Sale Transferred To Held To Maturity Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentAvailableForSaleTransferredToHeldToMaturitySecuritiesBeforeTax
-1733000

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