2014 Q1 Form 10-Q Financial Statement

#000156246314000005 Filed on May 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $7.033M $5.829M
YoY Change 20.66%
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 $458.0K $885.0K
YoY Change -48.25% 110.71%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.167M $1.936M
YoY Change 11.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $792.0K $2.183M
YoY Change -63.72% 43.62%
Income Tax $192.0K $695.0K
% Of Pretax Income 24.24% 31.84%
Net Earnings $600.0K $1.488M
YoY Change -59.68% 29.39%
Net Earnings / Revenue 8.53% 25.53%
Basic Earnings Per Share $0.13 $0.52
Diluted Earnings Per Share $0.13 $0.52
COMMON SHARES
Basic Shares Outstanding 4.495M shares 2.886M shares
Diluted Shares Outstanding 4.502M shares 2.886M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $57.46M $34.41M
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 $6.836M $4.800M
YoY Change 42.42%
Goodwill $4.687M
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 $848.1M $650.8M
YoY Change 30.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K
YoY Change 0.0%
Accrued Expenses $4.100M $15.70M
YoY Change -73.89%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.200M $15.80M
YoY Change -73.42%
LONG-TERM LIABILITIES
Long-Term Debt $2.800M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.800M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.200M $15.80M
Total Long-Term Liabilities $2.800M $0.00
Total Liabilities $756.5M $588.2M
YoY Change 28.61%
SHAREHOLDERS EQUITY
Retained Earnings $22.23M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.64M $62.60M
YoY Change
Total Liabilities & Shareholders Equity $848.1M $650.8M
YoY Change 30.32%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $600.0K $1.488M
YoY Change -59.68% 29.39%
Depreciation, Depletion And Amortization $458.0K $885.0K
YoY Change -48.25% 110.71%
Cash From Operating Activities $13.57M $16.39M
YoY Change -17.2% -37.52%
INVESTING ACTIVITIES
Capital Expenditures $24.00K $4.815M
YoY Change -99.5% -2288.64%
Acquisitions
YoY Change
Other Investing Activities -$53.94M -$10.66M
YoY Change 406.0% -69.87%
Cash From Investing Activities -$53.97M -$15.48M
YoY Change 248.69% -56.54%
FINANCING ACTIVITIES
Cash Dividend Paid $264.0K $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $44.16M $976.0K
YoY Change 4424.9% -96.05%
NET CHANGE
Cash From Operating Activities $13.57M $16.39M
Cash From Investing Activities -$53.97M -$15.48M
Cash From Financing Activities $44.16M $976.0K
Net Change In Cash $3.770M $1.893M
YoY Change 99.15% -87.66%
FREE CASH FLOW
Cash From Operating Activities $13.57M $16.39M
Capital Expenditures $24.00K $4.815M
Free Cash Flow $13.55M $11.58M
YoY Change 17.02% -56.24%

Facts In Submission

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IncomeTaxesPaid
50000 USD
CY2014Q1 us-gaap Income Taxes Paid
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0 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-242000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-59000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
438000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
12171000 USD
CY2013Q1 us-gaap Increase Decrease In Deposits
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15976000 USD
CY2014Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
54557000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
132000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-578000 USD
CY2014Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
6852 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
183 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2013Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
214000 USD
CY2014Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
237000 USD
CY2013Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
5829000 USD
CY2014Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7033000 USD
CY2013Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5042000 USD
CY2014Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6129000 USD
CY2013Q4 us-gaap Interest Bearing Deposit Liabilities
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653709000 USD
CY2014Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
710605000 USD
CY2014Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
54698000 USD
CY2013Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
51112000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
2167000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
1936000 USD
CY2014Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
307000 USD
CY2013Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
308000 USD
CY2013Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1628000 USD
CY2014Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1860000 USD
CY2013Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3759000 USD
CY2014Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
4719000 USD
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InterestIncomeExpenseNet
4866000 USD
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3893000 USD
CY2014Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
58000 USD
CY2013Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
303000 USD
CY2014Q1 us-gaap Interest Income Securities Taxable
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846000 USD
CY2013Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
484000 USD
CY2013Q1 us-gaap Interest Paid
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1965000 USD
CY2014Q1 us-gaap Interest Paid
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2186000 USD
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102000 USD
CY2014Q1 us-gaap Interest Payable Current And Noncurrent
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83000 USD
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InterestReceivable
2904000 USD
CY2014Q1 us-gaap Interest Receivable
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2662000 USD
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2379000 USD
CY2014Q1 us-gaap Labor And Related Expense
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3055000 USD
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711434000 USD
CY2014Q1 us-gaap Liabilities
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756475000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
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848119000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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802342000 USD
CY2014Q1 us-gaap Loan Processing Fee
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114000 USD
CY2013Q1 us-gaap Loan Processing Fee
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80000 USD
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LoansAndLeasesReceivableAllowance
5388000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5426000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5748000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5833000 USD
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527600000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
496166000 USD
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LoansAndLeasesReceivableNetReportedAmount
495727000 USD
CY2014Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
526861000 USD
CY2014Q1 us-gaap Loans Held For Sale Fair Value Disclosure
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14621000 USD
CY2013Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
24254000 USD
CY2013Q4 us-gaap Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
4356000 USD
CY2014Q1 us-gaap Loans Held For Sale Mortgages
LoansHeldForSaleMortgages
2652000 USD
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LoansReceivableHeldForSaleNet
17273000 USD
CY2013Q4 us-gaap Loans Receivable Held For Sale Net
LoansReceivableHeldForSaleNet
28610000 USD
CY2013Q4 us-gaap Loans Receivable Net
LoansReceivableNet
495727000 USD
CY2014Q1 us-gaap Loans Receivable Net
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526861000 USD
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-185000 USD
CY2014Q1 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
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359000 USD
CY2013Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
372000 USD
CY2014Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
382000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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976000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
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44163000 USD
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-53967000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15477000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13574000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16394000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
600000 USD
CY2013Q1 us-gaap Net Income Loss
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1488000 USD
CY2013Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
19386000 USD
CY2014Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
17047000 USD
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
5438000 USD
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
4547000 USD
CY2013Q1 us-gaap Noninterest Income
NoninterestIncome
2971000 USD
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
1511000 USD
CY2014Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
98000 USD
CY2013Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
99000 USD
CY2013Q1 us-gaap Occupancy Net
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302000 USD
CY2014Q1 us-gaap Occupancy Net
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602000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
6422000 USD
CY2014Q1 us-gaap Other Assets
OtherAssets
5346000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Tax
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629000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-171000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-111000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
405000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-185000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
359000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-60000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
224000 USD
CY2014Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
446000 USD
CY2013Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
435000 USD
CY2013Q4 us-gaap Other Real Estate
OtherRealEstate
4381000 USD
CY2014Q1 us-gaap Other Real Estate
OtherRealEstate
4651000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
3000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
31000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1737000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1505000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1150000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1183000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
979000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
34000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
-945000 USD
CY2014Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
76952000 USD
CY2013Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
236800000 USD
CY2013Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
422000 USD
CY2014Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
31281000 USD
CY2014Q1 us-gaap Payments Of Dividends
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264000 USD
CY2013Q1 us-gaap Payments Of Dividends
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0 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
64231000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
72231000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4815000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4913779 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4913779 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3196000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
13657000 USD
CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-130000 USD
CY2013Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014Q1 us-gaap Professional Fees
ProfessionalFees
458000 USD
CY2013Q1 us-gaap Professional Fees
ProfessionalFees
653000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
41834000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
46373000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
241449000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
89293000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7134000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6836000 USD
CY2014Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
147000 USD
CY2013Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
134000 USD
CY2014Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
147000 USD
CY2013Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
134000 USD
CY2013Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
15000000 USD
CY2014Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
10000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21902000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22233000 USD
CY2014Q1 us-gaap Servicing Fees Net
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167000 USD
CY2013Q1 us-gaap Servicing Fees Net
ServicingFeesNet
159000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
125000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
29000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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125000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
91644000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
90908000 USD
CY2014Q1 us-gaap Stockholders Equity Other
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54000 USD
CY2013Q4 us-gaap Subordinated Debt
SubordinatedDebt
2789000 USD
CY2014Q1 us-gaap Subordinated Debt
SubordinatedDebt
2809000 USD
CY2013Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
4987000 USD
CY2014Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
4649000 USD
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2886222 shares
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4501705 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4501705 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2886222 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2886222 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4494670 shares
CY2013Q4 inbk Area Of Office Building
AreaOfOfficeBuilding
52000 sqft
CY2013 inbk Available For Sale Securities Continuous Unrealized Loss Position Fair Value In Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueInPercentage
0.61
CY2014Q1 inbk Available For Sale Securities Continuous Unrealized Loss Position Fair Value In Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueInPercentage
0.73
CY2013Q4 inbk Carrying Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
CarryingValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
2789000 USD
CY2014Q1 inbk Carrying Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
CarryingValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
2809000 USD
CY2013Q1 inbk Cash Dividends Declared Not Paid
CashDividendsDeclaredNotPaid
113000 USD
CY2014Q1 inbk Cash Dividends Declared Not Paid
CashDividendsDeclaredNotPaid
264000 USD
CY2013Q4 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilities
137000 USD
CY2014Q1 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilities
89000 USD
CY2013 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities Unobservable Inputs Description
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesUnobservableInputsDescription
Discount for type of property and current market conditions
CY2014Q1 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities Unobservable Inputs Description
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesUnobservableInputsDescription
Discount for type of property and current market conditions
CY2013 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities Valuation Technique
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesValuationTechnique
Fair value of collateral
CY2014Q1 inbk Collateral Dependent Impaired Loans And Losses On Fair Value Assets And Liabilities Valuation Technique
CollateralDependentImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesValuationTechnique
Fair value of collateral
CY2013Q2 inbk Common Stock Exercise Price
CommonStockExercisePrice
19.33
CY2013Q2 inbk Debt Instrument Volumeweighted Average Share Price Period
DebtInstrumentVolumeweightedAverageSharePricePeriod
P20D
CY2013Q2 inbk Debt Instrument Weighted Average Share Price
DebtInstrumentWeightedAverageSharePrice
30.00
CY2014Q1 inbk Deferred Stock Related To Directors Deferred Stock Plan Exercised In Period
DeferredStockRelatedToDirectorsDeferredStockPlanExercisedInPeriod
0 shares
CY2014Q1 inbk Deferred Stock Related To Directors Deferred Stock Plan Granted In Period
DeferredStockRelatedToDirectorsDeferredStockPlanGrantedInPeriod
211 shares
CY2013Q4 inbk Deferred Stock Related To Directors Deferred Stock Plan Outstanding Number
DeferredStockRelatedToDirectorsDeferredStockPlanOutstandingNumber
79676 shares
CY2014Q1 inbk Deferred Stock Related To Directors Deferred Stock Plan Outstanding Number
DeferredStockRelatedToDirectorsDeferredStockPlanOutstandingNumber
79887 shares
CY2013Q2 inbk Fair Value Of Warrants
FairValueOfWarrants
255000 USD
CY2014Q1 inbk Gain Loss On Derivatives
GainLossOnDerivatives
-104000 USD
CY2013Q1 inbk Gain Loss On Derivatives
GainLossOnDerivatives
0 USD
CY2014Q1 inbk Impaired Financing Receivable Loans With No Specific Related Allowance
ImpairedFinancingReceivableLoansWithNoSpecificRelatedAllowance
0 USD
CY2013Q4 inbk Impaired Financing Receivable Loans With No Specific Related Allowance
ImpairedFinancingReceivableLoansWithNoSpecificRelatedAllowance
0 USD
CY2014Q1 inbk Impaired Financing Receivable Loans With Specific Related Allowance
ImpairedFinancingReceivableLoansWithSpecificRelatedAllowance
25000 USD
CY2013Q4 inbk Impaired Financing Receivable Loans With Specific Related Allowance
ImpairedFinancingReceivableLoansWithSpecificRelatedAllowance
242000 USD
CY2014Q1 inbk Impaired Loans And Losses On Fair Value Assets And Liabilities Measured On Nonrecurring Basis
ImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasis
89000 USD
CY2013Q4 inbk Impaired Loans And Losses On Fair Value Assets And Liabilities Measured On Nonrecurring Basis
ImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasis
137000 USD
CY2013Q1 inbk Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
-97000 USD
CY2014Q1 inbk Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
-96000 USD
CY2013Q4 inbk Interestbearingtimedeposits
Interestbearingtimedeposits
2500000 USD
CY2014Q1 inbk Interestbearingtimedeposits
Interestbearingtimedeposits
2500000 USD
CY2014Q1 inbk Investments Numberof Investments
InvestmentsNumberofInvestments
2 investment
CY2013Q4 inbk Loans Heldforsale Carrying Value
LoansHeldforsaleCarryingValue
24258000 USD
CY2014Q1 inbk Loans Heldforsale Carrying Value
LoansHeldforsaleCarryingValue
14424000 USD
CY2014Q1 inbk Loans Heldforsale Gross Unrealized Gain
LoansHeldforsaleGrossUnrealizedGain
197000 USD
CY2013Q4 inbk Loans Heldforsale Gross Unrealized Loss
LoansHeldforsaleGrossUnrealizedLoss
4000 USD
CY2014Q1 inbk Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
0 USD
CY2013Q1 inbk Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
1500000 USD
CY2013Q1 inbk Number Of Stock Options Excluded From Exercise Shares
NumberOfStockOptionsExcludedFromExerciseShares
0 shares
CY2014Q1 inbk Number Of Stock Options Excluded From Exercise Shares
NumberOfStockOptionsExcludedFromExerciseShares
0 shares
CY2013Q1 inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
-979000 USD
CY2014Q1 inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
63000 USD
CY2013Q1 inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
-77000 USD
CY2014Q1 inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
126000 USD
CY2013Q4 inbk Other Securities Fair Value
OtherSecuritiesFairValue
1673000 USD
CY2014Q1 inbk Other Securities Fair Value
OtherSecuritiesFairValue
1811000 USD
CY2013 inbk Other Securities Unobservable Inputs
OtherSecuritiesUnobservableInputs
Discount margin Cumulative default % Loss given default % Cumulative prepayment %
CY2014Q1 inbk Other Securities Unobservable Inputs
OtherSecuritiesUnobservableInputs
Discount margin Cumulative default % Loss given default % Cumulative prepayment %
CY2013 inbk Other Securities Valuation Technique
OtherSecuritiesValuationTechnique
Discounted cash flow
CY2014Q1 inbk Other Securities Valuation Technique
OtherSecuritiesValuationTechnique
Discounted cash flow
CY2013Q1 inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
-266000 USD
CY2014Q1 inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
-33000 USD
CY2014Q1 inbk Other Than Temporary Impairment Losses Investments Portion Recognized Through Net Income Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedThroughNetIncomeAvailableforsaleSecurities
0 USD
CY2013Q1 inbk Other Than Temporary Impairment Losses Investments Portion Recognized Through Net Income Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedThroughNetIncomeAvailableforsaleSecurities
34000 USD
CY2013Q1 inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
-34000 USD
CY2014Q1 inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
0 USD
CY2014Q1 inbk Sharebased Compensation Arrangementby Sharebase Payment Award Percentageof Annual Retainer Receivedin Common Stockor Deferred Stock Rights
SharebasedCompensationArrangementbySharebasePaymentAwardPercentageofAnnualRetainerReceivedinCommonStockorDeferredStockRights
1.00
CY2014Q1 inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
233000 USD
CY2013Q1 inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
-142000 USD
CY2014Q1 inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
359000 USD
CY2013Q1 inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
-219000 USD
CY2013Q1 inbk Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
0 USD
CY2014Q1 inbk Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
197000 USD
CY2014Q1 inbk Warrant Exercise Price Description
WarrantExercisePriceDescription
The warrant will become exercisable on June 28, 2014, and, unless previously exercised, will expire on June 28, 2021. The Company has the right to force an exercise of the warrant after the debenture has been repaid in full if the 20-day volume-weighted average price of a share of its common stock exceeds $30.00.
CY2013Q2 inbk Warrants Issued To Purchase Common Stock
WarrantsIssuedToPurchaseCommonStock
48750 shares
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001562463
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4449619 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
First Internet Bancorp
CY2014Q1 dei Trading Symbol
TradingSymbol
INBK

Files In Submission

Name View Source Status
0001562463-14-000005-index-headers.html Edgar Link pending
0001562463-14-000005-index.html Edgar Link pending
0001562463-14-000005.txt Edgar Link pending
0001562463-14-000005-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
inbk-20140331.xml Edgar Link completed
inbk-20140331.xsd Edgar Link pending
inbk-20140331x10q.htm Edgar Link pending
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inbk-20140331_cal.xml Edgar Link unprocessable
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