2015 Q4 Form 10-Q Financial Statement

#000119312515376623 Filed on November 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $5.559M $5.463M $5.435M
YoY Change 2.93% 0.52% 3.82%
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 $394.0K $438.0K
YoY Change -10.05% -21.51%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.310M $2.243M $2.181M
YoY Change 11.06% 2.84% 7.81%
Income Tax $710.0K $687.0K $674.0K
% Of Pretax Income 30.74% 30.63% 30.9%
Net Earnings $1.607M $1.556M $1.507M
YoY Change 11.67% 3.25% 7.11%
Net Earnings / Revenue 28.91% 28.48% 27.73%
Basic Earnings Per Share $0.59 $0.57 $0.55
Diluted Earnings Per Share $0.59 $0.57 $0.55
COMMON SHARES
Basic Shares Outstanding 2.739M shares 2.739M shares 2.738M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.7M
YoY Change
Cash & Equivalents $38.27M
Short-Term Investments $166.4M $156.5M $141.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.209M $8.290M $8.395M
YoY Change -0.93% -1.25% -1.81%
Goodwill $4.728M $4.728M $4.728M
YoY Change 0.0% 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 $650.3M $632.4M $611.0M
YoY Change 4.72% 3.5% 2.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $48.60M $50.80M $48.70M
YoY Change 4.29% 4.31% 5.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.60M $50.80M $48.70M
YoY Change 4.29% 4.31% 5.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.900M $2.400M $2.400M
YoY Change 0.0% 0.0% 4.35%
Total Long-Term Liabilities $1.900M $2.400M $2.400M
YoY Change 0.0% 0.0% 4.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.60M $50.80M $48.70M
Total Long-Term Liabilities $1.900M $2.400M $2.400M
Total Liabilities $589.0M $571.9M $554.7M
YoY Change 4.53% 3.09% 2.39%
SHAREHOLDERS EQUITY
Retained Earnings $38.03M $36.94M $33.17M
YoY Change 11.56% 11.37% 12.44%
Common Stock $28.48M $28.51M $28.55M
YoY Change -0.13% -0.12% -0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.822M $4.871M $4.905M
YoY Change -1.01% -0.69% -1.07%
Treasury Stock Shares 239.6K shares 241.2K shares 242.2K shares
Shareholders Equity $61.27M $60.50M $56.27M
YoY Change
Total Liabilities & Shareholders Equity $650.3M $632.4M $611.0M
YoY Change 4.72% 3.5% 2.88%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.607M $1.556M $1.507M
YoY Change 11.67% 3.25% 7.11%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $2.410M $1.620M $2.770M
YoY Change 16.99% -41.52% 56.5%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$90.00K -$110.0K
YoY Change 60.0% -18.18% -83.33%
Acquisitions
YoY Change
Other Investing Activities -$20.43M -$7.770M -$2.600M
YoY Change 546.52% 198.85% -76.89%
Cash From Investing Activities -$20.52M -$7.860M -$2.710M
YoY Change 539.25% 190.04% -77.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.55M 7.150M 390.0K
YoY Change 100.36% 1733.33% -98.2%
NET CHANGE
Cash From Operating Activities 2.410M 1.620M 2.770M
Cash From Investing Activities -20.52M -7.860M -2.710M
Cash From Financing Activities 16.55M 7.150M 390.0K
Net Change In Cash -1.560M 910.0K 450.0K
YoY Change -121.94% 102.22% -96.1%
FREE CASH FLOW
Cash From Operating Activities $2.410M $1.620M $2.770M
Capital Expenditures -$80.00K -$90.00K -$110.0K
Free Cash Flow $2.490M $1.710M $2.880M
YoY Change 18.01% -40.63% 18.52%

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704000
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
502000
CY2015Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4612000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5068000
CY2015Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
25000
CY2015Q3 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
56000
CY2015Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
71000
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
77000
CY2015Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
242000
CY2015Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5462000
CY2015Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
114000
CY2015Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
-24000
CY2015Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
683000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2058000
CY2015Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5068000
CY2015Q3 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
198000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2243000
CY2015Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
315000
CY2015Q3 us-gaap Noninterest Income
NoninterestIncome
1119000
CY2015Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
142000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
687000
CY2015Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
90000
CY2015Q3 us-gaap Interest Expense
InterestExpense
394000
CY2015Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
413000
CY2015Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
148000
CY2015Q3 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
0
CY2015Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
111000
CY2015Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
0
CY2015Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
148000
CY2015Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
104000
CY2015Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
95000
CY2015Q3 us-gaap Occupancy Net
OccupancyNet
252000
CY2015Q3 us-gaap Equipment Expense
EquipmentExpense
166000
CY2015Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2222000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
258000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31000
CY2015Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
520000
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
3944000
CY2015Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
19000
CY2015Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
271000
CY2015Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8671000
CY2015Q3 csbb Professional And Director Fees
ProfessionalAndDirectorFees
173000
CY2015Q3 csbb Available For Sale Securities Income Tax Benefits On Realized Losses
AvailableForSaleSecuritiesIncomeTaxBenefitsOnRealizedLosses
0
CY2015Q3 csbb Telephone Expenses
TelephoneExpenses
80000
CY2015Q3 csbb Debit Card Expense
DebitCardExpense
102000
CY2015Q3 csbb Franchise Tax Expense
FranchiseTaxExpense
106000
CY2015Q3 csbb Software Expense
SoftwareExpense
198000
CY2015Q3 csbb Tax Provision Benefit On Realized Gain On Sale Of Securities
TaxProvisionBenefitOnRealizedGainOnSaleOfSecurities
0

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