2016 Q4 Form 10-Q Financial Statement

#000119312516765871 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $6.295M $5.863M $5.463M
YoY Change 13.24% 7.32% 0.52%
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 $394.0K
YoY Change -7.11% -10.05%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.830M $2.434M $2.243M
YoY Change 22.51% 8.52% 2.84%
Income Tax $880.0K $740.0K $687.0K
% Of Pretax Income 31.1% 30.4% 30.63%
Net Earnings $1.953M $1.694M $1.556M
YoY Change 21.53% 8.87% 3.25%
Net Earnings / Revenue 31.02% 28.89% 28.48%
Basic Earnings Per Share $0.72 $0.61 $0.57
Diluted Earnings Per Share $0.72 $0.61 $0.57
COMMON SHARES
Basic Shares Outstanding 2.742M shares 2.742M shares 2.739M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.2M
YoY Change -17.33%
Cash & Equivalents $36.84M
Short-Term Investments $132.4M $140.5M $156.5M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $8.749M $8.561M $8.290M
YoY Change 6.58% 3.27% -1.25%
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 $670.0M $654.4M $632.4M
YoY Change 3.02% 3.48% 3.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $48.70M $51.00M $50.80M
YoY Change 0.21% 0.39% 4.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.70M $51.00M $50.80M
YoY Change 0.21% 0.39% 4.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.700M $3.000M $2.400M
YoY Change 42.11% 25.0% 0.0%
Total Long-Term Liabilities $2.700M $3.000M $2.400M
YoY Change 42.11% 25.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.70M $51.00M $50.80M
Total Long-Term Liabilities $2.700M $3.000M $2.400M
Total Liabilities $604.6M $588.6M $571.9M
YoY Change 2.63% 2.93% 3.09%
SHAREHOLDERS EQUITY
Retained Earnings $42.63M $41.22M $36.94M
YoY Change 12.09% 11.59% 11.37%
Common Stock $28.44M $28.44M $28.51M
YoY Change -0.11% -0.24% -0.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.784M $4.784M $4.871M
YoY Change -0.79% -1.79% -0.69%
Treasury Stock Shares 238.4K shares 238.4K shares 241.2K shares
Shareholders Equity $65.42M $65.75M $60.50M
YoY Change
Total Liabilities & Shareholders Equity $670.0M $654.4M $632.4M
YoY Change 3.02% 3.48% 3.5%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $1.953M $1.694M $1.556M
YoY Change 21.53% 8.87% 3.25%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $760.0K $3.020M $1.620M
YoY Change -68.46% 86.42% -41.52%
INVESTING ACTIVITIES
Capital Expenditures -$360.0K -$130.0K -$90.00K
YoY Change 350.0% 44.44% -18.18%
Acquisitions
YoY Change
Other Investing Activities -$6.390M -$5.290M -$7.770M
YoY Change -68.72% -31.92% 198.85%
Cash From Investing Activities -$6.760M -$5.410M -$7.860M
YoY Change -67.06% -31.17% 190.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.13M 1.970M 7.150M
YoY Change -8.58% -72.45% 1733.33%
NET CHANGE
Cash From Operating Activities 760.0K 3.020M 1.620M
Cash From Investing Activities -6.760M -5.410M -7.860M
Cash From Financing Activities 15.13M 1.970M 7.150M
Net Change In Cash 9.130M -420.0K 910.0K
YoY Change -685.26% -146.15% 102.22%
FREE CASH FLOW
Cash From Operating Activities $760.0K $3.020M $1.620M
Capital Expenditures -$360.0K -$130.0K -$90.00K
Free Cash Flow $1.120M $3.150M $1.710M
YoY Change -55.02% 84.21% -40.63%

Facts In Submission

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CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5042000
CY2016Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
239000
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2319000
CY2016Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8509000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
1694000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2434000
CY2016Q3 us-gaap Interest Expense
InterestExpense
366000
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5333000
CY2016Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
72000
CY2016Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
98000
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
229000
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1000
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
3994000
CY2016Q3 us-gaap Other Comprehensive Income Reclassification Adjustment For Held To Maturity Transferred To Available For Sale Securities Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForHeldToMaturityTransferredToAvailableForSaleSecuritiesBeforeTax
175000
CY2016Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
24000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
199000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
103000
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5497000
CY2016Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
444000
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
249000
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
128000
CY2016Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
71000
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5863000
CY2016Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
94000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
740000
CY2016Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
163000
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
1095000
CY2016Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1000
CY2016Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
634000
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
164000
CY2016Q3 csbb Professional And Director Fees
ProfessionalAndDirectorFees
221000
CY2016Q3 csbb Software Expense
SoftwareExpense
203000
CY2016Q3 csbb Debit Card Expense
DebitCardExpense
120000
CY2016Q3 csbb Financial Institutions Tax Expense
FinancialInstitutionsTaxExpense
107000

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