2018 Q2 Form 10-Q Financial Statement

#000088064118000079 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $7.994M $7.004M
YoY Change 14.13% 5.45%
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 $280.0K $290.0K
YoY Change -3.45% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $573.0K $249.0K
YoY Change 130.12% -16.16%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.017M $2.836M
YoY Change 6.38% 25.99%
Income Tax $496.0K $809.0K
% Of Pretax Income 16.44% 28.53%
Net Earnings $2.521M $2.027M
YoY Change 24.37% 25.9%
Net Earnings / Revenue 31.54% 28.94%
Basic Earnings Per Share $0.73 $0.58
Diluted Earnings Per Share $0.73 $0.58
COMMON SHARES
Basic Shares Outstanding 3.466M shares 3.475M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $14.91M $27.34M
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 $19.45M $19.91M
YoY Change -2.31% -2.85%
Goodwill
YoY Change
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 $775.2M $744.0M
YoY Change 4.19% 9.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.300M $8.900M
YoY Change -6.74% 85.42%
Total Long-Term Liabilities $8.300M $8.900M
YoY Change -6.74% 85.42%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $8.300M $8.900M
Total Liabilities $690.4M $660.9M
YoY Change 4.47% 10.89%
SHAREHOLDERS EQUITY
Retained Earnings $66.31M $60.71M
YoY Change 9.24% 7.62%
Common Stock $8.628M $8.656M
YoY Change -0.32% -1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.80M $83.17M
YoY Change
Total Liabilities & Shareholders Equity $775.2M $744.0M
YoY Change 4.19% 9.84%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $2.521M $2.027M
YoY Change 24.37% 25.9%
Depreciation, Depletion And Amortization $280.0K $290.0K
YoY Change -3.45% 0.0%
Cash From Operating Activities $1.230M $1.180M
YoY Change 4.24% -2.48%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$200.0K
YoY Change 5.0% 122.22%
Acquisitions
YoY Change
Other Investing Activities -$15.19M -$34.13M
YoY Change -55.49% 314.7%
Cash From Investing Activities -$15.40M -$34.32M
YoY Change -55.13% 312.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.100M 35.53M
YoY Change -111.54% 215.82%
NET CHANGE
Cash From Operating Activities 1.230M 1.180M
Cash From Investing Activities -15.40M -34.32M
Cash From Financing Activities -4.100M 35.53M
Net Change In Cash -18.27M 2.390M
YoY Change -864.44% -42.27%
FREE CASH FLOW
Cash From Operating Activities $1.230M $1.180M
Capital Expenditures -$210.0K -$200.0K
Free Cash Flow $1.440M $1.380M
YoY Change 4.35% 6.15%

Facts In Submission

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FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
4329000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
458000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
219000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
799000 USD
CY2017 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
901000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
197000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
140000 USD
CY2017 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
370000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
168000 USD
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
557812000 USD
CY2018Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
581328000 USD
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11426000 USD
CY2018Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
5954000 USD
CY2017 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
21
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
20
CY2018Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
86000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
86000 USD
CY2018Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
86000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
86000 USD
CY2017Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4400000 USD
CY2018Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4300000 USD
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
562958000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
585804000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6339000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1099000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6280000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
1478000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-6000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-11000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
51000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
11000 USD
CY2017Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
1000 USD
CY2018Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-282000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
115000 USD
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11642000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6400000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6428000 USD
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
322000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
62000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
129000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
11445000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
5970000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
458000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
219000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
12495000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
6916000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2836000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5688000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3017000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6032000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
809000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1619000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
496000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
972000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
598000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1136000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
15312000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
16766000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-7985000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-10235000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2419000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3196000 USD
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
12821000 USD
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
1927000 USD
CY2017Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
159000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
355000 USD
CY2018Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
112000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
251000 USD
CY2018Q2 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
328563000 USD
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
22094000 USD
CY2018Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
4899000 USD
CY2017Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
129497000 USD
CY2018Q2 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
132814000 USD
CY2017Q4 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
91288000 USD
CY2018Q2 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
92239000 USD
CY2017Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
102163000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14362000 USD
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7004000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
13570000 USD
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7994000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
15469000 USD
CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6108000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
11844000 USD
CY2018Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
7000000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
13541000 USD
CY2017Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
322948000 USD
CY2018Q2 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
103510000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
249000 USD
us-gaap Interest Expense
InterestExpense
452000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
573000 USD
us-gaap Interest Expense
InterestExpense
999000 USD
CY2017Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
18000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
18000 USD
CY2018Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
0 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
0 USD
CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
218000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
421000 USD
CY2018Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
563000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
989000 USD
CY2017Q2 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
13000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
13000 USD
CY2018Q2 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
10000 USD
us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
10000 USD
CY2017Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
16000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
37000 USD
CY2018Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
41000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
95000 USD
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6985000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
13875000 USD
CY2018Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7518000 USD
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6755000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13118000 USD
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7421000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
14470000 USD
CY2017Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
0 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
0 USD
CY2018Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
2000 USD
CY2017Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
270000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
524000 USD
CY2018Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
268000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
530000 USD
CY2017Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
591000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1141000 USD
CY2018Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
669000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1274000 USD
us-gaap Interest Paid
InterestPaid
452000 USD
us-gaap Interest Paid
InterestPaid
963000 USD
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3364000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
6714000 USD
CY2018Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3406000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
6932000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
681934000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
690392000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
765751000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
775191000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4411000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4548000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
421000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
444000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
569238000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
587282000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
568817000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
586838000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
564406000 USD
CY2018Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
582290000 USD
CY2017Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
175000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
353000 USD
CY2018Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
201000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
386000 USD
CY2017Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
4100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46595000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17363000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48377000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30940000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6163000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7360000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
2027000 USD
us-gaap Net Income Loss
NetIncomeLoss
4069000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
2521000 USD
us-gaap Net Income Loss
NetIncomeLoss
5060000 USD
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
234990000 USD
CY2018Q2 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
246141000 USD
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
5747000 USD
us-gaap Noninterest Expense
NoninterestExpense
11458000 USD
CY2018Q2 us-gaap Noninterest Expense
NoninterestExpense
6166000 USD
us-gaap Noninterest Expense
NoninterestExpense
11796000 USD
CY2017Q2 us-gaap Noninterest Income
NoninterestIncome
1598000 USD
us-gaap Noninterest Income
NoninterestIncome
3271000 USD
CY2018Q2 us-gaap Noninterest Income
NoninterestIncome
1665000 USD
us-gaap Noninterest Income
NoninterestIncome
3466000 USD
CY2017Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
41000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
126000 USD
CY2018Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
16000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
96000 USD
CY2017Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
559051000 USD
CY2018Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
577798000 USD
CY2017Q2 us-gaap Occupancy Net
OccupancyNet
367000 USD
us-gaap Occupancy Net
OccupancyNet
744000 USD
CY2018Q2 us-gaap Occupancy Net
OccupancyNet
363000 USD
us-gaap Occupancy Net
OccupancyNet
734000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
12139000 USD
CY2018Q2 us-gaap Other Assets
OtherAssets
16027000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
1750000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
1692000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-443000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
-3714000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1154000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1083000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-350000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2943000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
17000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
2000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1154000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1083000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-350000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-2943000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
595000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
558000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-93000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-782000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
18520000 USD
CY2018Q2 us-gaap Other Liabilities
OtherLiabilities
8285000 USD
CY2017Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
588000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1113000 USD
CY2018Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
667000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1270000 USD
CY2016Q4 us-gaap Other Real Estate
OtherRealEstate
370000 USD
CY2017Q2 us-gaap Other Real Estate
OtherRealEstate
106000 USD
CY2017Q4 us-gaap Other Real Estate
OtherRealEstate
106000 USD
CY2018Q2 us-gaap Other Real Estate
OtherRealEstate
3020000 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
53000 USD
CY2017 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
53000 USD
us-gaap Other Real Estate Additions
OtherRealEstateAdditions
2799000 USD
us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
317000 USD
CY2017 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
317000 USD
us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
0 USD
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
0 USD
CY2017 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
0 USD
us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
-282000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
36635000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
20791000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1275000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1308000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
20653000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 13. Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, &#8220;Leases (Topic 842).&#8221; Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee&#8216;s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee&#8217;s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently assessing the impact that ASU 2016-02 will have on its consolidated financial statements. The Company has been gathering the lease agreement data and has begun to analyze the monetary impact to the consolidated financial statements. At June 30, 2018, the Company had only one lease.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU No. 2016-13, &#8220;Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#8221; The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">The Company formed a CECL committee during 2016 which continues to meet monthly to address the compliance requirements. Historic loan data is currently being gathered and reviewed for completeness and accuracy. In addition, the committee has selected a third-party that will assist in calculating the financial impact of ASU 2016-13 and anticipates running parallel allowance models under the current and new standard well in advance of the required implementation date.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU No. 2017-04, &#8220;Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment&#8221;. The amendments in this ASU simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit&#8217;s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are U.S. Securities and Exchange Commission (SEC) filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect the adoption of ASU 2017-04 to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017&#8208;08, &#8220;Receivables-Nonrefundable Fees and Other Costs (Subtopic 310&#8208;20), Premium Amortization on Purchased Callable Debt Securities.&#8221; The amendments in this ASU shorten the amortization period for certain callable debt securities purchased at a premium. Upon adoption of the standard, premiums on these qualifying callable debt securities will be amortized to the earliest call date. Discounts on purchased debt securities will continue to be accreted to maturity. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. Upon transition, entities should apply the guidance on a modified retrospective basis, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption and provide the disclosures required for a change in accounting principle. The Company is currently assessing the impact that ASU 2017&#8208;08 will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12, &#8220;Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.&#8221; The amendments in this ASU modify the designation and measurement guidance for hedge accounting as well as provide for increased transparency regarding the presentation of economic results on both the financial statements and related footnotes. Certain aspects of hedge effectiveness assessments will also be simplified upon implementation of this update. The amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted, including adoption in any interim period. The Company does not expect the adoption of ASU 2017-12 to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2018, the FASB issued ASU 2018-03, &#8220;Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.&#8221; The amendments provide targeted improvements to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Specifically, the amendments include clarifications related to: measurement elections, transition requirements, and adjustments associated with equity securities without readily determinable fair values; fair value measurement requirements for forward contracts and purchased options on equity securities; presentation requirements for hybrid financial liabilities for which the fair value option has been elected; and measurement requirements for liabilities denominated in a foreign currency for which the fair value option has been elected. The amendments are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years beginning after June 15, 2018. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-03 to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2018, the FASB issued ASU 2018-07, &#8220;Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting.&#8221; The amendments expand the scope of Topic 718 to include share-based payments issued to nonemployees for goods or services and supersedes Subtopic 505-50. As a result, the accounting for share-based payments to nonemployees and employees will be substantially aligned. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-07 to have a material impact on its consolidated financial statements.</font></div></div>

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