2014 Q4 Form 10-Q Financial Statement

#000119312514411383 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $5.401M $5.435M $5.235M
YoY Change -0.53% 3.82% 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 $438.0K $558.0K
YoY Change -21.51% -22.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.080M $2.181M $2.023M
YoY Change 19.54% 7.81% 14.62%
Income Tax $640.0K $674.0K $620.0K
% Of Pretax Income 30.77% 30.9% 30.65%
Net Earnings $1.439M $1.507M $1.407M
YoY Change 17.57% 7.11% 14.3%
Net Earnings / Revenue 26.64% 27.73% 26.88%
Basic Earnings Per Share $0.53 $0.55 $0.51
Diluted Earnings Per Share $0.53 $0.55 $0.51
COMMON SHARES
Basic Shares Outstanding 2.738M shares 2.738M shares 2.737M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments $143.0M $141.6M $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 $8.286M $8.395M $8.550M
YoY Change -4.65% -1.81% 1.79%
Goodwill $4.728M $4.728M $4.728M
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 $621.0M $611.0M $593.9M
YoY Change 4.11% 2.88% 4.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $46.60M $48.70M $46.00M
YoY Change -4.31% 5.87% 6.98%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $46.60M $48.70M $46.00M
YoY Change -4.31% 5.87% 6.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.900M $2.400M $2.300M
YoY Change -5.0% 4.35% -11.54%
Total Long-Term Liabilities $1.900M $2.400M $2.300M
YoY Change -5.0% 4.35% -11.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.60M $48.70M $46.00M
Total Long-Term Liabilities $1.900M $2.400M $2.300M
Total Liabilities $563.5M $554.7M $541.7M
YoY Change 3.58% 2.39% 4.85%
SHAREHOLDERS EQUITY
Retained Earnings $34.09M $33.17M $29.50M
YoY Change 12.76% 12.44%
Common Stock $28.51M $28.55M $28.59M
YoY Change -0.28% -0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.871M $4.905M $4.958M
YoY Change -1.75% -1.07% -1.14%
Treasury Stock Shares 241.2K shares 242.2K shares 244.0K shares
Shareholders Equity $57.45M $56.27M $52.15M
YoY Change
Total Liabilities & Shareholders Equity $621.0M $611.0M $593.9M
YoY Change 4.11% 2.88% 4.41%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $1.439M $1.507M $1.407M
YoY Change 17.57% 7.11% 14.3%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $2.060M $2.770M $1.770M
YoY Change 0.98% 56.5% -43.27%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$110.0K -$660.0K
YoY Change -87.5% -83.33% 175.0%
Acquisitions
YoY Change
Other Investing Activities -$3.160M -$2.600M -$11.25M
YoY Change -66.13% -76.89% -33.16%
Cash From Investing Activities -$3.210M -$2.710M -$11.91M
YoY Change -66.98% -77.25% -30.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.260M 390.0K 21.68M
YoY Change 394.61% -98.2% 2610.0%
NET CHANGE
Cash From Operating Activities 2.060M 2.770M 1.770M
Cash From Investing Activities -3.210M -2.710M -11.91M
Cash From Financing Activities 8.260M 390.0K 21.68M
Net Change In Cash 7.110M 450.0K 11.54M
YoY Change -218.3% -96.1% -187.76%
FREE CASH FLOW
Cash From Operating Activities $2.060M $2.770M $1.770M
Capital Expenditures -$50.00K -$110.0K -$660.0K
Free Cash Flow $2.110M $2.880M $2.430M
YoY Change -13.52% 18.52% -27.68%

Facts In Submission

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CY2013Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
195000
CY2013Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2013Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
89000
CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
450000
CY2013Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
18000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
149000
CY2013Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2013Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7794000
CY2013Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
423000
CY2013Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
3809000
CY2013Q3 csbb Available For Sale Securities Income Tax Benefits On Realized Losses
AvailableForSaleSecuritiesIncomeTaxBenefitsOnRealizedLosses
0
CY2013Q3 csbb Professional And Director Fees
ProfessionalAndDirectorFees
174000
CY2013Q3 csbb Net Cost Of Operation Of Other Real Estate
NetCostOfOperationOfOtherRealEstate
0
CY2013Q3 csbb Debit Card Expense
DebitCardExpense
62000
CY2013Q3 csbb Franchise Tax Expense
FranchiseTaxExpense
147000
CY2013Q3 csbb Software Expense
SoftwareExpense
133000
CY2013Q3 csbb Other Comprehensive Income Reclassification Adjustment Available For Sale Transferred To Held To Maturity Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentAvailableForSaleTransferredToHeldToMaturitySecuritiesBeforeTax
-1931000
CY2013Q3 csbb Tax Provision On Realized Gain On Sale Of Securities
TaxProvisionOnRealizedGainOnSaleOfSecurities
51000
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.55
CY2014Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1270 shares
CY2014Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
174000
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4874000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4997000
CY2014Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
115000
CY2014Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4645000
CY2014Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
74000
CY2014Q3 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
56000
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
37000
CY2014Q3 us-gaap Noninterest Income
NoninterestIncome
1077000
CY2014Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
324000
CY2014Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
2000
CY2014Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000
CY2014Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0
CY2014Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
77000
CY2014Q3 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
236000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1544000
CY2014Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
14000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2181000
CY2014Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
199000
CY2014Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5435000
CY2014Q3 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
67000
CY2014Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
123000
CY2014Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32000
CY2014Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
90000
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
3770000
CY2014Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
674000
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-19000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1507000
CY2014Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
661000
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2014Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
11000
CY2014Q3 us-gaap Interest Expense
InterestExpense
438000
CY2014Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
9000
CY2014Q3 us-gaap Equipment Expense
EquipmentExpense
180000
CY2014Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2123000
CY2014Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
520000
CY2014Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
129000
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
255000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2014Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2014Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
79000
CY2014Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
488000
CY2014Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
18000
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2014Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
12324000
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
291000
CY2014Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2014Q3 csbb Available For Sale Securities Income Tax Benefits On Realized Losses
AvailableForSaleSecuritiesIncomeTaxBenefitsOnRealizedLosses
0
CY2014Q3 csbb Professional And Director Fees
ProfessionalAndDirectorFees
132000
CY2014Q3 csbb Net Cost Of Operation Of Other Real Estate
NetCostOfOperationOfOtherRealEstate
0
CY2014Q3 csbb Debit Card Expense
DebitCardExpense
107000
CY2014Q3 csbb Franchise Tax Expense
FranchiseTaxExpense
107000
CY2014Q3 csbb Software Expense
SoftwareExpense
177000
CY2014Q3 csbb Other Comprehensive Income Reclassification Adjustment Available For Sale Transferred To Held To Maturity Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentAvailableForSaleTransferredToHeldToMaturitySecuritiesBeforeTax
0
CY2014Q3 csbb Tax Provision On Realized Gain On Sale Of Securities
TaxProvisionOnRealizedGainOnSaleOfSecurities
0

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