2014 Q3 Form 10-Q Financial Statement

#000119312514386339 Filed on October 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $8.471M $7.844M
YoY Change 7.99% -5.24%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.495M $1.382M
YoY Change 8.18% 11.45%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $580.0K $480.0K
YoY Change 20.83% -15.79%
% of Gross Profit
Operating Expenses $1.495M $1.382M
YoY Change 8.18% 11.45%
Operating Profit
YoY Change
Interest Expense $895.0K $1.129M
YoY Change -20.73% -26.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.476M $2.857M
YoY Change 21.67% -15.67%
Income Tax $1.002M $791.0K
% Of Pretax Income 28.83% 27.69%
Net Earnings $2.474M $2.066M
YoY Change 19.75% -15.36%
Net Earnings / Revenue 29.21% 26.34%
Basic Earnings Per Share $0.54 $0.45
Diluted Earnings Per Share $267.3K $220.9K
COMMON SHARES
Basic Shares Outstanding 4.621M shares 4.683M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.28M $21.54M
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 $20.29M $18.45M
YoY Change 9.98% 10.49%
Goodwill $4.074M $4.074M
YoY Change 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 $925.2M $928.2M
YoY Change -0.31% 0.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.100M $5.500M
YoY Change -7.27% -36.78%
Deferred Revenue
YoY Change
Short-Term Debt $62.20M $61.30M
YoY Change 1.47% 11.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.100M $6.400M
YoY Change -4.69% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.100M $6.400M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $813.2M $820.4M
YoY Change -0.87% 1.16%
SHAREHOLDERS EQUITY
Retained Earnings $112.1M $106.6M
YoY Change 5.13%
Common Stock $12.68M $12.68M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.92M $11.11M
YoY Change 7.27%
Treasury Stock Shares 572.2K shares 539.1K shares
Shareholders Equity $112.0M $107.8M
YoY Change
Total Liabilities & Shareholders Equity $925.2M $928.2M
YoY Change -0.31% 0.78%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $2.474M $2.066M
YoY Change 19.75% -15.36%
Depreciation, Depletion And Amortization $580.0K $480.0K
YoY Change 20.83% -15.79%
Cash From Operating Activities $3.480M $2.360M
YoY Change 47.46% -636.36%
INVESTING ACTIVITIES
Capital Expenditures -$710.0K -$500.0K
YoY Change 42.0% 316.67%
Acquisitions
YoY Change
Other Investing Activities $20.38M -$5.750M
YoY Change -454.43% -160.85%
Cash From Investing Activities $19.67M -$6.250M
YoY Change -414.72% -166.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.97M 2.960M
YoY Change -943.58% -114.12%
NET CHANGE
Cash From Operating Activities 3.480M 2.360M
Cash From Investing Activities 19.67M -6.250M
Cash From Financing Activities -24.97M 2.960M
Net Change In Cash -1.820M -930.0K
YoY Change 95.7% -92.29%
FREE CASH FLOW
Cash From Operating Activities $3.480M $2.360M
Capital Expenditures -$710.0K -$500.0K
Free Cash Flow $4.190M $2.860M
YoY Change 46.5% -993.75%

Facts In Submission

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dei Entity Registrant Name
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dei Trading Symbol
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dei Entity Filer Category
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dei Document Period End Date
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dei Entity Central Index Key
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InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
747000
CY2014Q3 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
205000
CY2014Q3 us-gaap Fees And Commissions
FeesAndCommissions
1047000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2270000
CY2014Q3 us-gaap Servicing Fees Net
ServicingFeesNet
1317000
CY2014Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
1000
CY2014Q3 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
512000
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3476000
CY2014Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8471000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2474000
CY2014Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-95000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-204000
CY2014Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
66000
CY2014Q3 us-gaap Interest Expense
InterestExpense
895000
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1495000
CY2014Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
95000
CY2014Q3 us-gaap Equipment Expense
EquipmentExpense
439000
CY2014Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
282000
CY2014Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
927000
CY2014Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
126000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1002000
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
6579000
CY2014Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
305000
CY2014Q3 us-gaap Occupancy Net
OccupancyNet
267000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-105000
CY2014Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
0
CY2014Q3 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
195000
CY2014Q3 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
92000
CY2014Q3 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
63000
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
832000
CY2014Q3 us-gaap Salaries And Wages
SalariesAndWages
2638000
CY2014Q3 fmao Provision For Loan And Lease Losses And Recoveries
ProvisionForLoanAndLeaseLossesAndRecoveries
282000
CY2014Q3 fmao Other Non Interest Expense Recovery Related To Unfunded
OtherNonInterestExpenseRecoveryRelatedToUnfunded
10000

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