2018 Q3 Form 10-Q Financial Statement

#000143774918020615 Filed on November 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $9.452M $7.820M
YoY Change 20.87% 0.77%
Cost Of Revenue $130.0K
YoY Change
Gross Profit $9.322M
YoY Change
Gross Profit Margin 98.62%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $207.0K
YoY Change
% of Gross Profit 2.22%
Depreciation & Amortization $420.0K $280.0K
YoY Change 50.0% 12.0%
% of Gross Profit 4.51%
Operating Expenses $1.454M
YoY Change
Operating Profit $7.868M
YoY Change
Interest Expense $1.124M $685.0K
YoY Change 64.09% 16.7%
% of Operating Profit 14.29%
Other Income/Expense, Net
YoY Change
Pretax Income $509.0K $808.0K
YoY Change -37.0% 13.48%
Income Tax $269.0K $173.0K
% Of Pretax Income 52.85% 21.41%
Net Earnings $240.0K $635.0K
YoY Change -62.2% 15.45%
Net Earnings / Revenue 2.54% 8.12%
Basic Earnings Per Share $0.04 $0.10
Diluted Earnings Per Share $0.03 $0.10
COMMON SHARES
Basic Shares Outstanding 6.305M 6.176M
Diluted Shares Outstanding 6.683M 6.497M

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.6M $218.4M
YoY Change -4.02% -7.34%
Cash & Equivalents $50.08M $32.55M
Short-Term Investments $159.5M $185.8M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $27.12M $26.24M
YoY Change 3.35% 69.51%
Goodwill $7.435M
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 $802.6M $614.6M
YoY Change 30.58% 2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K $300.0K
YoY Change 33.33% 50.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $192.0K $10.64M
YoY Change -98.19% 99.27%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $400.0K $300.0K
YoY Change 33.33% 50.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.800M $6.400M
YoY Change 37.5% -9.86%
Total Long-Term Liabilities $8.800M $6.400M
YoY Change 37.5% -9.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.0K $300.0K
Total Long-Term Liabilities $8.800M $6.400M
Total Liabilities $725.1M $535.7M
YoY Change 35.35% 2.74%
SHAREHOLDERS EQUITY
Retained Earnings $87.32M $88.53M
YoY Change -1.36% 0.99%
Common Stock $13.46M $10.73M
YoY Change 25.44% -0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.41M $20.41M
YoY Change 0.0% -1.69%
Treasury Stock Shares $1.264M $1.264M
Shareholders Equity $77.50M $78.90M
YoY Change
Total Liabilities & Shareholders Equity $802.6M $614.6M
YoY Change 30.59% 2.38%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $240.0K $635.0K
YoY Change -62.2% 15.45%
Depreciation, Depletion And Amortization $420.0K $280.0K
YoY Change 50.0% 12.0%
Cash From Operating Activities $3.810M $1.760M
YoY Change 116.48% -21.08%
INVESTING ACTIVITIES
Capital Expenditures $292.0K $831.0K
YoY Change -64.86% -14.86%
Acquisitions
YoY Change
Other Investing Activities -$11.55M $7.110M
YoY Change -262.45% -144.55%
Cash From Investing Activities -$11.49M $5.100M
YoY Change -325.29% -130.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.96M -1.040M
YoY Change -1634.62% -46.11%
NET CHANGE
Cash From Operating Activities 3.810M 1.760M
Cash From Investing Activities -11.49M 5.100M
Cash From Financing Activities 15.96M -1.040M
Net Change In Cash 8.280M 5.820M
YoY Change 42.27% -134.98%
FREE CASH FLOW
Cash From Operating Activities $3.810M $1.760M
Capital Expenditures $292.0K $831.0K
Free Cash Flow $3.518M $929.0K
YoY Change 278.69% -25.92%

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DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
112567
CY2017Q4 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
103620
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
821000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
231000
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5500000
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5600000
CY2018Q3 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
355000
CY2017Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
381000
CY2018Q3 us-gaap Deposits
Deposits
715761000
CY2017Q4 us-gaap Deposits
Deposits
517079000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1078000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
781000
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
374000
CY2017Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
279000
CY2018Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
700000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2018Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
2
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2018Q3 us-gaap Federal Funds Purchased
FederalFundsPurchased
0
CY2017Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
0
CY2018Q3 us-gaap Federal Funds Sold
FederalFundsSold
8561000
CY2017Q4 us-gaap Federal Funds Sold
FederalFundsSold
15000000
CY2018Q3 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
231000000
CY2017Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
159300000
CY2018Q3 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
29500000
CY2017Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
26000000
CY2018Q3 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
0
CY2017Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
10000000
CY2018Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
0
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
15000000
CY2018Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
703000
CY2017Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
1609000
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
594000
CY2017 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
594000
CY2018Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2017Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
0
CY2017 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2018Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3782000
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2148000
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
43000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
128000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
268000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
341000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
414000
CY2018Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
128000
CY2017Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
89000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
389000
us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
147000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
4938000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
4676000
CY2018Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
178000
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
98000
CY2018Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
528118000
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
356667000
CY2018Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
842000
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
791000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
CY2017 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
310000
CY2017 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
365000
CY2018Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
488000
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2048000
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2005000
CY2017Q4 us-gaap Foreclosed Assets
ForeclosedAssets
200000
CY2018Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
981000
CY2017Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
981000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
CY2018Q3 us-gaap Goodwill
Goodwill
7552000
CY2018Q3 us-gaap Goodwill
Goodwill
7552000
CY2018Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
22238000
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
26279000
CY2018Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
13000
CY2018Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
759000
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
343000
CY2018Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
613000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
275000
CY2018Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
146000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
68000
CY2018Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
5666000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
9331000
CY2018Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
15813000
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
14594000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
7327000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
7564000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1106000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
1116000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
13046000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
13558000
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
CY2018Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
CY2018Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
21479000
CY2017Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
25949000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1020000
CY2017 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1688000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
37000
CY2017 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
55000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
40000
CY2017 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
54000
CY2018Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
3080000
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
791000
CY2018Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
178000
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
98000
CY2018Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3080000
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
791000
CY2018Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2238000
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
CY2018Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
2238000
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
CY2018Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
842000
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
791000
CY2018Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
842000
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
791000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
197000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
171000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
509000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
808000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1444000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1890000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
431000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
435000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
269000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
173000
CY2018Q3 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
200000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
137000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
77000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-148000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-110000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
58307000
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6802000
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
10829000
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
6439000
us-gaap Increase Decrease In Federal Funds Sold
IncreaseDecreaseInFederalFundsSold
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-26000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
40000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
900000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-57000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2061000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-114000
CY2018Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
198000
CY2017Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
160000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
516000
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
459000
CY2018Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
9557000
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9452000
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7820000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
25961000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
23013000
CY2018Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1057000
CY2017Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
1018000
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
3146000
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
3085000
CY2018Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
8395000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
22815000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
19928000
CY2018Q3 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
38274000
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
19547000
CY2018Q3 us-gaap Interest Expense
InterestExpense
1124000
CY2017Q3 us-gaap Interest Expense
InterestExpense
685000
us-gaap Interest Expense
InterestExpense
2817000
us-gaap Interest Expense
InterestExpense
1902000
CY2018Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4000
CY2017Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
68000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
198000
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
189000
CY2018Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1120000
CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
617000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
2619000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
1713000
CY2018Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
7539000
CY2017Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6762000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
20995000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19647000
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8328000
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7135000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
23144000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21111000
us-gaap Interest Paid Net
InterestPaidNet
2843000
us-gaap Interest Paid Net
InterestPaidNet
1862000
CY2018Q3 us-gaap Interest Receivable
InterestReceivable
2444000
CY2017Q4 us-gaap Interest Receivable
InterestReceivable
2057000
CY2017Q4 us-gaap Minority Interest
MinorityInterest
-11000
CY2017 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
11000
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5000
CY2017Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5000
CY2018Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4643000
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4370000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
13743000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
13048000
CY2018Q3 us-gaap Liabilities
Liabilities
725125000
CY2017Q4 us-gaap Liabilities
Liabilities
549373000
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
802595000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
625581000
CY2018Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5116000
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4774000
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4856000
CY2018Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6260000
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
6563000
CY2018Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
531198000
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
357458000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
26000
CY2017 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
19000
CY2018Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
519822000
CY2017Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
346121000
CY2017Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
338026000
CY2018Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
800000
CY2017Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
500000
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
500000
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-family: Times New Roman, Times, serif; font-size: 10pt; min-width: 700px;"> <tr> <td style="width: 24pt; vertical-align: top;"> <div style=" text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div> </td> <td style="vertical-align: top;"> <div style=" text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">GENERAL</div></div> </td> </tr> </table> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">The accompanying unaudited interim condensed consolidated financial statements include the accounts of First US Bancshares, Inc. (&#x201c;Bancshares&#x201d;) and its subsidiaries (collectively, the &#x201c;Company&#x201d;). Bancshares is the parent holding company of First US Bank (the &#x201c;Bank&#x201d;). The Bank operates a finance company subsidiary, Acceptance Loan Company, Inc. (&#x201c;ALC&#x201d;). Management has determined that the Bank and ALC comprise Bancshares&#x2019; <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> reportable operating segments. All significant intercompany transactions and accounts have been eliminated.</div> <div style=" font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">The unaudited interim condensed consolidated financial statements, in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company&#x2019;s consolidated financial position, results of operations and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. The results of operations for any interim period are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of results expected for the fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018</div><div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">. While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#x201c;U.S. GAAP&#x201d;) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (&#x201c;SEC&#x201d;), management believes that the disclosures herein are adequate to make the information presented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> misleading. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company&#x2019;s Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K as of and for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017. </div></div></div></div>
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
377951
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
320501
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
377951
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
320501
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6682668
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6496882
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6614148
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6491393
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6304717
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6176381
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6236197
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6170892

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