2012 Q4 Form 10-Q Financial Statement

#000115752313000771 Filed on February 14, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $3.499M $3.660M
YoY Change -4.4% -1.64%
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 $480.0K $370.0K
YoY Change 29.73% -40.32%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $586.0K $828.0K
YoY Change -29.23% -23.19%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$143.0K $702.0K
YoY Change -120.37% -24.19%
Income Tax -$103.0K $215.0K
% Of Pretax Income 30.63%
Net Earnings -$40.00K $487.0K
YoY Change -108.21% -24.38%
Net Earnings / Revenue -1.14% 13.31%
Basic Earnings Per Share -$0.01 $0.13
Diluted Earnings Per Share -$0.01 $0.12
COMMON SHARES
Basic Shares Outstanding 3.742M shares 3.723M shares
Diluted Shares Outstanding 3.933M shares 3.916M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $26.16M $8.533M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $19.21M $15.80M
YoY Change 21.56% 0.64%
Goodwill $6.890M
YoY Change
Intangibles
YoY Change
Long-Term Investments $155.0K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $508.1M $331.9M
YoY Change 53.09% -0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.300M $4.600M
YoY Change 15.22% 91.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.300M $4.600M
YoY Change 15.22% 91.67%
LONG-TERM LIABILITIES
Long-Term Debt $5.200M $5.200M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.200M $5.200M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.300M $4.600M
Total Long-Term Liabilities $5.200M $5.200M
Total Liabilities $454.7M $278.7M
YoY Change 63.14% -0.54%
SHAREHOLDERS EQUITY
Retained Earnings $32.82M
YoY Change
Common Stock $22.14M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.993M
YoY Change
Treasury Stock Shares
Shareholders Equity $53.44M $53.19M
YoY Change
Total Liabilities & Shareholders Equity $508.1M $331.9M
YoY Change 53.09% -0.3%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$40.00K $487.0K
YoY Change -108.21% -24.38%
Depreciation, Depletion And Amortization $480.0K $370.0K
YoY Change 29.73% -40.32%
Cash From Operating Activities -$8.100M -$5.350M
YoY Change 51.4% -204.29%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$10.00K
YoY Change 5900.0% -96.3%
Acquisitions
YoY Change
Other Investing Activities $16.22M $7.310M
YoY Change 121.89% -185.8%
Cash From Investing Activities $15.62M $7.300M
YoY Change 113.97% -183.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.900M -4.020M
YoY Change -271.64% -175.71%
NET CHANGE
Cash From Operating Activities -8.100M -5.350M
Cash From Investing Activities 15.62M 7.300M
Cash From Financing Activities 6.900M -4.020M
Net Change In Cash 14.42M -2.070M
YoY Change -796.62% -225.45%
FREE CASH FLOW
Cash From Operating Activities -$8.100M -$5.350M
Capital Expenditures -$600.0K -$10.00K
Free Cash Flow -$7.500M -$5.340M
YoY Change 40.45% -198.89%

Facts In Submission

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dei Trading Symbol
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EBMT
dei Entity Registrant Name
EntityRegistrantName
Eagle Bancorp Montana, Inc.
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Period Focus
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Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
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2012-12-31
dei Entity Central Index Key
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0001478454
dei Current Fiscal Year End Date
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<div style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="DISPLAY: inline; TEXT-DECORATION: underline">NOTE 1.&#xA0;BASIS OF PRESENTATION</font></font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br /></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission.&#xA0;&#xA0;Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.&#xA0;&#xA0;However, such information reflects all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of results for the unaudited interim periods.</font></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <br /></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The results of operations for the six month period ended December 31, 2012 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2013 or any other period.&#xA0;&#xA0;The unaudited consolidated financial statements and notes presented herein should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Eagle&#x2019;s Form 10-K for the fiscal year ended June 30, 2012.</font></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <br /></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company evaluated subsequent events for potential recognition and/or disclosure through February 14, 2013 the date the consolidated financial statements were issued.</font></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <br /></div> <div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On April 5, 2010, the Company completed its second-step conversion from the partially-public mutual holding company structure to the fully publicly-owned stock holding company structure.&#xA0;&#xA0;As part of that transaction it also completed a related offering of its common stock.&#xA0;&#xA0;As a result of the conversion and offering, the Company became the stock holding company for American Federal Savings Bank, and Eagle Financial MHC and Eagle Bancorp ceased to exist.&#xA0;&#xA0;The Company sold a total of 2,464,274 shares of common stock at a purchase price of $10.00 per share in the offering for gross proceeds of $24.6 million.&#xA0;&#xA0;Concurrent with the completion of the offering, shares of Eagle Bancorp common stock owned by the public were exchanged.&#xA0;&#xA0;Stockholders of Eagle Bancorp received 3.800 shares of the Company's common stock for each share of Eagle Bancorp common stock that they owned immediately prior to completion of the transaction. Accordingly, as of April 5, 2010, the Company had 8,000,000 shares of common stock authorized and 4,083,127 issued and outstanding.</font></div> </div>
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532000
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BusinessAcquisitionProFormaNoninterestIncome
1417000
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BusinessAcquisitionProFormaNetInterestIncome
3700000
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BusinessAcquisitionProFormaEffectiveTaxRate
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CY2012Q4 us-gaap Net Income Loss
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CY2012Q4 us-gaap Labor And Related Expense
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CY2012Q4 us-gaap Income Tax Expense Benefit
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CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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CY2012Q4 ebmt Interest Expense Federal Home Loan Bank Advance And Other Borrowings
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2259000
CY2012Q4 ebmt Business Acquisition Pro Forma Net Interest Income
BusinessAcquisitionProFormaNetInterestIncome
3684000
CY2012Q4 ebmt Fixed Rate Loan Hedged Original Maturity Term
FixedRateLoanHedgedOriginalMaturityTerm
P20Y

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