2016 Q3 Form 10-Q Financial Statement

#000119312516679278 Filed on August 11, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $5.863M $5.813M $5.568M
YoY Change 7.32% 4.4% 1.53%
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 $366.0K $367.0K $393.0K
YoY Change -7.11% -6.62% -10.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.434M $2.316M $2.186M
YoY Change 8.52% 5.95% -0.86%
Income Tax $740.0K $705.0K $669.0K
% Of Pretax Income 30.4% 30.44% 30.6%
Net Earnings $1.694M $1.611M $1.517M
YoY Change 8.87% 6.2% -0.33%
Net Earnings / Revenue 28.89% 27.71% 27.24%
Basic Earnings Per Share $0.61 $0.59 $0.55
Diluted Earnings Per Share $0.61 $0.59 $0.55
COMMON SHARES
Basic Shares Outstanding 2.742M shares 2.742M shares 2.739M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments $140.5M $147.8M $145.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.561M $8.660M $8.374M
YoY Change 3.27% 3.42% -1.52%
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 $654.4M $649.9M $623.0M
YoY Change 3.48% 4.32% 2.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $51.00M $54.10M $51.70M
YoY Change 0.39% 4.64% 2.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $51.00M $54.10M $51.70M
YoY Change 0.39% 4.64% 2.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.000M $2.300M $2.100M
YoY Change 25.0% 9.52% -4.55%
Total Long-Term Liabilities $3.000M $2.300M $2.100M
YoY Change 25.0% 9.52% -4.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.00M $54.10M $51.70M
Total Long-Term Liabilities $3.000M $2.300M $2.100M
Total Liabilities $588.6M $585.5M $564.0M
YoY Change 2.93% 3.81% 1.87%
SHAREHOLDERS EQUITY
Retained Earnings $41.22M $40.08M $35.91M
YoY Change 11.59% 11.62% 11.57%
Common Stock $28.44M $28.44M $28.51M
YoY Change -0.24% -0.24% -0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.784M $4.784M $4.871M
YoY Change -1.79% -1.79% -1.48%
Treasury Stock Shares 238.4K shares 238.4K shares 241.2K shares
Shareholders Equity $65.75M $64.41M $58.97M
YoY Change
Total Liabilities & Shareholders Equity $654.4M $649.9M $623.0M
YoY Change 3.48% 4.32% 2.31%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $1.694M $1.611M $1.517M
YoY Change 8.87% 6.2% -0.33%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $3.020M $1.810M $2.450M
YoY Change 86.42% -26.12% 84.21%
INVESTING ACTIVITIES
Capital Expenditures -$130.0K -$880.0K -$290.0K
YoY Change 44.44% 203.45% 866.67%
Acquisitions
YoY Change
Other Investing Activities -$5.290M -$10.74M $4.060M
YoY Change -31.92% -364.53% -61.52%
Cash From Investing Activities -$5.410M -$11.62M $3.770M
YoY Change -31.17% -408.22% -64.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.970M 10.58M -2.930M
YoY Change -72.45% -461.09% -156.13%
NET CHANGE
Cash From Operating Activities 3.020M 1.810M 2.450M
Cash From Investing Activities -5.410M -11.62M 3.770M
Cash From Financing Activities 1.970M 10.58M -2.930M
Net Change In Cash -420.0K 770.0K 3.290M
YoY Change -146.15% -76.6% -80.73%
FREE CASH FLOW
Cash From Operating Activities $3.020M $1.810M $2.450M
Capital Expenditures -$130.0K -$880.0K -$290.0K
Free Cash Flow $3.150M $2.690M $2.740M
YoY Change 84.21% -1.82% 101.47%

Facts In Submission

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30000
CY2016Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
327000
CY2016Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
521000
CY2016Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
82000
CY2016Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
19000
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
4966000
CY2016Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
202000
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2299000
CY2016Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8822000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
1611000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2316000
CY2016Q2 us-gaap Interest Expense
InterestExpense
367000
CY2016Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5281000
CY2016Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
327000
CY2016Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
72000
CY2016Q2 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
98000
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
233000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
4062000
CY2016Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
270000
CY2016Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
20000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
521000
CY2016Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3 Contract
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
268000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5446000
CY2016Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
498000
CY2016Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
250000
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
519000
CY2016Q2 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
118000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5813000
CY2016Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
143000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
705000
CY2016Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
165000
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
1097000
CY2016Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
662000
CY2016Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
165000
CY2016Q2 csbb Available For Sale Securities Income Tax Benefits On Realized Losses
AvailableForSaleSecuritiesIncomeTaxBenefitsOnRealizedLosses
0
CY2016Q2 csbb Professional And Director Fees
ProfessionalAndDirectorFees
189000
CY2016Q2 csbb Software Expense
SoftwareExpense
198000
CY2016Q2 csbb Tax Provision Benefit On Realized Gain On Sale Of Securities
TaxProvisionBenefitOnRealizedGainOnSaleOfSecurities
0
CY2016Q2 csbb Debit Card Expense
DebitCardExpense
114000
CY2016Q2 csbb Financial Institutions Tax Expense
FinancialInstitutionsTaxExpense
107000

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