2012 Q1 Form 10-Q Financial Statement

#000152195112000005 Filed on April 27, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $13.63M $14.07M
YoY Change -3.11%
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 $780.0K $460.0K
YoY Change 69.57% 43.75%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.707M $5.586M
YoY Change -15.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.440M $1.992M
YoY Change 72.69% 25.28%
Income Tax $1.230M $643.0K
% Of Pretax Income 35.76% 32.28%
Net Earnings $2.210M $1.349M
YoY Change 63.83% 49.89%
Net Earnings / Revenue 16.21% 9.59%
Basic Earnings Per Share $0.84 $0.52
Diluted Earnings Per Share $0.84 $0.52
COMMON SHARES
Basic Shares Outstanding 2.530M shares
Diluted Shares Outstanding 2.531M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $135.4M $60.33M
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 $1.035M $1.000M
YoY Change 3.5% -9.09%
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 $1.162B $1.113B
YoY Change 4.42% 1.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $10.70M
YoY Change -6.54% -23.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $39.50M
YoY Change -31.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.00M $10.70M
YoY Change -6.54% -23.02%
LONG-TERM LIABILITIES
Long-Term Debt $10.30M $10.30M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.30M $10.30M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.00M $10.70M
Total Long-Term Liabilities $10.30M $10.30M
Total Liabilities $1.096B $1.057B
YoY Change 3.7% 0.97%
SHAREHOLDERS EQUITY
Retained Earnings $39.53M
YoY Change
Common Stock $26.01M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.652M
YoY Change
Treasury Stock Shares 89.70K shares
Shareholders Equity $66.43M $56.32M
YoY Change
Total Liabilities & Shareholders Equity $1.162B $1.113B
YoY Change 4.42% 1.01%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $2.210M $1.349M
YoY Change 63.83% 49.89%
Depreciation, Depletion And Amortization $780.0K $460.0K
YoY Change 69.57% 43.75%
Cash From Operating Activities $3.364M $3.733M
YoY Change -9.88% -17.04%
INVESTING ACTIVITIES
Capital Expenditures -$230.0K -$70.00K
YoY Change 228.57% 16.67%
Acquisitions
YoY Change
Other Investing Activities $18.63M $250.0K
YoY Change 7352.0% -102.49%
Cash From Investing Activities $18.40M $186.0K
YoY Change 9791.4% -101.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.000K $3.000K
YoY Change 33.33% -130.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$16.50M $5.594M
YoY Change -395.03% -127.94%
NET CHANGE
Cash From Operating Activities $3.364M $3.733M
Cash From Investing Activities $18.40M $186.0K
Cash From Financing Activities -$16.50M $5.594M
Net Change In Cash $5.258M $9.513M
YoY Change -44.73% -137.12%
FREE CASH FLOW
Cash From Operating Activities $3.364M $3.733M
Capital Expenditures -$230.0K -$70.00K
Free Cash Flow $3.594M $3.803M
YoY Change -5.5% -16.6%

Facts In Submission

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ProceedsFromSaleOfForeclosedAssets
307000 USD
CY2011Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
814000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
0 USD
CY2011Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2012Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1209000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1035000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
999000 USD
CY2012Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
504000 USD
CY2011Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1404000 USD
CY2011Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
2003000 USD
CY2012Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
3000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37501000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39527000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
155000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
134000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
64214000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
66434000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
55335000 USD
CY2011Q1 us-gaap Stockholders Equity
StockholdersEquity
56317000 USD
CY2011Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
935000 USD
CY2012Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1186000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
89416 shares
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
89697 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1648000 USD
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1652000 USD
CY2011Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3000 USD
CY2012Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4000 USD
CY2011Q1 fbiz Collateral Liquidation Costs
CollateralLiquidationCosts
242000 USD
CY2012Q1 fbiz Collateral Liquidation Costs
CollateralLiquidationCosts
108000 USD
CY2011Q1 fbiz Credit Merchant And Debit Card Fees
CreditMerchantAndDebitCardFees
52000 USD
CY2012Q1 fbiz Credit Merchant And Debit Card Fees
CreditMerchantAndDebitCardFees
55000 USD
CY2011Q4 fbiz Federal Home Loan Bank And Other Borrowings
FederalHomeLoanBankAndOtherBorrowings
40292000 USD
CY2012Q1 fbiz Federal Home Loan Bank And Other Borrowings
FederalHomeLoanBankAndOtherBorrowings
41498000 USD
CY2011Q1 fbiz Interest Expense Federal Home Loan Bank And Other Borrowings
InterestExpenseFederalHomeLoanBankAndOtherBorrowings
662000 USD
CY2012Q1 fbiz Interest Expense Federal Home Loan Bank And Other Borrowings
InterestExpenseFederalHomeLoanBankAndOtherBorrowings
686000 USD
CY2012Q1 fbiz Professional Fees Expense
ProfessionalFeesExpense
432000 USD
CY2011Q1 fbiz Professional Fees Expense
ProfessionalFeesExpense
427000 USD
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q2 dei Entity Public Float
EntityPublicFloat
38300000 USD
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
First Business Financial Services, Inc.
CY2012Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001521951
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2625288 shares

Files In Submission

Name View Source Status
0001521951-12-000005-index-headers.html Edgar Link pending
0001521951-12-000005-index.html Edgar Link pending
0001521951-12-000005.txt Edgar Link pending
0001521951-12-000005-xbrl.zip Edgar Link pending
fbiz-20120331.xml Edgar Link completed
fbiz-20120331.xsd Edgar Link pending
fbiz-20120331_cal.xml Edgar Link unprocessable
fbiz-20120331_def.xml Edgar Link unprocessable
fbiz-20120331_lab.xml Edgar Link unprocessable
fbiz-20120331_pre.xml Edgar Link unprocessable
fbiz2012331-10q.htm Edgar Link pending
fbiz2012331exhibit311.htm Edgar Link pending
fbiz2012331exhibit312.htm Edgar Link pending
fbiz2012331exhibit32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending