2015 Q4 Form 10-Q Financial Statement

#000117494715001658 Filed on November 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $6.491M $6.761M $6.696M
YoY Change -3.75% 0.97% -0.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $407.0K $393.0K
YoY Change 3.56% 1.81%
% of Gross Profit
Depreciation & Amortization $390.0K $390.0K $370.0K
YoY Change 8.33% 5.41% 12.12%
% of Gross Profit
Operating Expenses $6.308M $6.090M $5.767M
YoY Change 3.97% 5.6% 7.85%
Operating Profit
YoY Change
Interest Expense $851.0K $928.0K $1.155M
YoY Change -21.71% -19.65% -12.63%
% of Operating Profit
Other Income/Expense, Net $600.0K $518.0K
YoY Change 15.83% -64.13%
Pretax Income $2.450M $2.235M $2.049M
YoY Change 8.17% 9.08% 1.69%
Income Tax $455.0K $382.0K $337.0K
% Of Pretax Income 18.57% 17.09% 16.45%
Net Earnings $1.995M $1.853M $1.712M
YoY Change 10.71% 8.24% -1.67%
Net Earnings / Revenue 30.73% 27.41% 25.57%
Basic Earnings Per Share $0.70 $0.65 $0.60
Diluted Earnings Per Share $350.9K $324.6K $299.5K
COMMON SHARES
Basic Shares Outstanding 2.852M shares 2.852M shares 2.857M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $44.23M $39.81M $44.08M
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 $21.70M $21.95M $22.69M
YoY Change -3.35% -3.26% 1.74%
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 $905.6M $864.3M $850.8M
YoY Change 5.65% 1.58% 7.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $8.736M $9.951M $7.260M
YoY Change 37.07%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.700M $10.00M $7.300M
YoY Change 36.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.100M $2.300M $2.500M
YoY Change -16.0% -8.0% -3.85%
Total Long-Term Liabilities $2.100M $2.300M $2.500M
YoY Change -16.0% -8.0% -3.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.700M $10.00M $7.300M
Total Long-Term Liabilities $2.100M $2.300M $2.500M
Total Liabilities $810.5M $769.5M $759.4M
YoY Change 6.03% 1.33% 6.9%
SHAREHOLDERS EQUITY
Retained Earnings $91.03M $89.80M $86.17M
YoY Change 4.39% 4.22% 5.38%
Common Stock $574.0K $574.0K $574.0K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $644.0K $482.0K
YoY Change 67.71%
Treasury Stock Shares 20.03K shares 15.25K shares 12.14K shares
Shareholders Equity $95.10M $94.76M $91.42M
YoY Change
Total Liabilities & Shareholders Equity $905.6M $864.3M $850.8M
YoY Change 5.65% 1.58% 7.08%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.995M $1.853M $1.712M
YoY Change 10.71% 8.24% -1.67%
Depreciation, Depletion And Amortization $390.0K $390.0K $370.0K
YoY Change 8.33% 5.41% 12.12%
Cash From Operating Activities $2.340M $3.710M $4.550M
YoY Change 21.24% -18.46% 91.18%
INVESTING ACTIVITIES
Capital Expenditures -$110.0K -$300.0K -$460.0K
YoY Change 0.0% -34.78% -57.8%
Acquisitions
YoY Change
Other Investing Activities -$38.04M $7.530M -$2.910M
YoY Change 463.56% -358.76% 219.78%
Cash From Investing Activities -$38.15M $7.230M -$3.370M
YoY Change 456.12% -314.54% 68.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.23M -8.090M -2.120M
YoY Change 846.59% 281.6% -81.85%
NET CHANGE
Cash From Operating Activities 2.340M 3.710M 4.550M
Cash From Investing Activities -38.15M 7.230M -3.370M
Cash From Financing Activities 40.23M -8.090M -2.120M
Net Change In Cash 4.420M 2.850M -940.0K
YoY Change -750.0% -403.19% -91.68%
FREE CASH FLOW
Cash From Operating Activities $2.340M $3.710M $4.550M
Capital Expenditures -$110.0K -$300.0K -$460.0K
Free Cash Flow $2.450M $4.010M $5.010M
YoY Change 20.1% -19.96% 44.38%

Facts In Submission

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CY2015Q3 enbp Other Than Temporary Impairment Gains Losses Arising During Quarter Net
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USD
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529000 USD
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412000 USD
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USD
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691000 USD
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3360000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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58519000 USD
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22000 USD
CY2015Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
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USD
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us-gaap Impaired Financing Receivable Average Recorded Investment
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23000 USD
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ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
2556000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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2659000 USD
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USD
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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468348000 USD
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LoansAndLeasesReceivableAllowance
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LiabilitiesAndStockholdersEquity
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CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2014Q4 us-gaap Trade And Loans Receivables Held For Sale Net Not Part Of Disposal Group
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506000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
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OtherLiabilities
2490000 USD
CY2014Q3 us-gaap Other Liabilities
OtherLiabilities
2465000 USD
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AccumulatedOtherComprehensiveIncomeLossNetOfTax
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192000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
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GainLossOnSaleOfMortgageLoans
250000 USD
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
991000 USD
CY2014Q3 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
17000 USD
CY2015Q3 us-gaap Dividend Income Operating
DividendIncomeOperating
79000 USD
CY2014Q3 us-gaap Dividend Income Operating
DividendIncomeOperating
60000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
529000 USD
CY2015Q3 enbp Impairment Losses On Investment Securities Noncredit Related
ImpairmentLossesOnInvestmentSecuritiesNoncreditRelated
USD
CY2014Q3 enbp Impairment Losses On Investment Securities Noncredit Related
ImpairmentLossesOnInvestmentSecuritiesNoncreditRelated
USD
CY2015Q3 us-gaap Equipment Expense
EquipmentExpense
283000 USD
CY2015Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
96000 USD
CY2015Q3 us-gaap Noninterest Expense
NoninterestExpense
6090000 USD
enbp Other Than Temporary Impairment Gains Losses Arising During Quarter Net
OtherThanTemporaryImpairmentGainsLossesArisingDuringQuarterNet
-10000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1690000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
574000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
643000 USD
CY2014Q3 enbp Other Than Temporary Impairment Gains Losses Arising During Quarter Net
OtherThanTemporaryImpairmentGainsLossesArisingDuringQuarterNet
USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1305000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
180000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-3726000 USD
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OtherDepreciationAndAmortization
1086000 USD
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123335000 USD
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99348000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1288000 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
18000 USD
enbp Increase Decrease In Demand Now And Savings Accounts
IncreaseDecreaseInDemandNowAndSavingsAccounts
7346000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2311000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
338000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
640000 USD
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2404000 USD
CY2014Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1910000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
19683000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
102007000 USD
us-gaap Availableforsale Securities Gross Realized Losses Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedLossesExcludingOtherThanTemporaryImpairments
685000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
1170000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
USD
CY2015Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
2000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
USD
CY2014Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
7260000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
2076000 USD
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
32000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
3000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
27000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
68000 USD
CY2014Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
USD
CY2014Q3 us-gaap Liabilities
Liabilities
759369000 USD
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0001437479
CY2014Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
16727000 USD
CY2015Q3 us-gaap Common Stock Value
CommonStockValue
574000 USD
CY2015Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4392000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
86169000 USD
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
15245 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.20
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
15035000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17458000 USD
CY2015Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7140000 USD
CY2015Q2 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
5000 USD
CY2014Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-100000 USD
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2869557 shares
CY2014Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
31076000 USD
CY2015Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
278470000 USD
CY2014Q3 us-gaap Trade And Loans Receivables Held For Sale Net Not Part Of Disposal Group
TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup
257000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22447000 USD
CY2014Q3 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
4184000 USD
CY2015Q3 us-gaap Assets
Assets
864266000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
959000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
615000 USD
us-gaap Noninterest Income
NoninterestIncome
6937000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
412000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
1165000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
903000 USD
CY2014Q3 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
944000 USD
CY2014Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6696000 USD
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5541000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
226000 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
120000 USD
CY2014Q3 us-gaap Other Income
OtherIncome
45000 USD
CY2014Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.27
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
8833000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
1891000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4388000 USD
CY2014Q3 enbp Other Than Temporary Impairment Gains Losses Arising During Quarter
OtherThanTemporaryImpairmentGainsLossesArisingDuringQuarter
USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
1919000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1160000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7206000 USD
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
366000 USD
us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
140000 USD
us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-14308000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
13800000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
392000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
29128000 USD
CY2015Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
272210000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
123335000 USD
CY2015Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
103649000 USD
CY2014Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
141423000 USD
CY2014Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
USD
CY2014Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
201000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
USD
CY2014Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
USD
CY2014 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
68000 USD
CY2014Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-200000 USD
CY2015Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1814000 USD
CY2014Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2358000 USD
dei Entity Registrant Name
EntityRegistrantName
ENB Financial Corp
CY2015Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
11000 USD

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