2014 Q2 Form 10-Q Financial Statement

#000156246314000008 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $7.612M $6.159M
YoY Change 23.59% 1.72%
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 $540.0K $390.0K
YoY Change 38.46% -46.58%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.239M $1.923M
YoY Change 16.43% -11.18%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.508M $2.406M
YoY Change -37.32% 40.87%
Income Tax $531.0K $694.0K
% Of Pretax Income 35.21% 28.84%
Net Earnings $977.0K $1.712M
YoY Change -42.93% 33.75%
Net Earnings / Revenue 12.83% 27.8%
Basic Earnings Per Share $0.22 $0.59
Diluted Earnings Per Share $0.22 $0.59
COMMON SHARES
Basic Shares Outstanding 4.496M shares 2.888M shares
Diluted Shares Outstanding 4.504M shares 2.888M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $20.64M $15.45M
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 $7.133M $6.740M
YoY Change 5.83%
Goodwill $4.687M $4.687M
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 $868.1M $656.8M
YoY Change 32.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K
YoY Change 0.0%
Accrued Expenses $4.600M $7.800M
YoY Change -41.03%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.700M $7.900M
YoY Change -40.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.800M $2.700M
YoY Change 3.7%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.800M $2.700M
YoY Change 3.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.700M $7.900M
Total Long-Term Liabilities $2.800M $2.700M
Total Liabilities $773.6M $595.6M
YoY Change 29.88%
SHAREHOLDERS EQUITY
Retained Earnings $22.94M $20.94M
YoY Change 9.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.53M $61.18M
YoY Change
Total Liabilities & Shareholders Equity $868.1M $656.8M
YoY Change 32.18%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $977.0K $1.712M
YoY Change -42.93% 33.75%
Depreciation, Depletion And Amortization $540.0K $390.0K
YoY Change 38.46% -46.58%
Cash From Operating Activities -$1.890M $9.570M
YoY Change -119.75% -188.2%
INVESTING ACTIVITIES
Capital Expenditures -$540.0K -$2.510M
YoY Change -78.49% 8266.67%
Acquisitions
YoY Change
Other Investing Activities -$50.64M -$41.40M
YoY Change 22.32% 198.06%
Cash From Investing Activities -$51.17M -$43.91M
YoY Change 16.53% 215.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.26M 15.38M
YoY Change 5.72% 44.41%
NET CHANGE
Cash From Operating Activities -1.890M 9.570M
Cash From Investing Activities -51.17M -43.91M
Cash From Financing Activities 16.26M 15.38M
Net Change In Cash -36.80M -18.96M
YoY Change 94.09% 34.37%
FREE CASH FLOW
Cash From Operating Activities -$1.890M $9.570M
Capital Expenditures -$540.0K -$2.510M
Free Cash Flow -$1.350M $12.08M
YoY Change -111.18% -211.65%

Facts In Submission

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CY2014Q2 us-gaap Impaired Financing Receivable Recorded Investment
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CY2014Q2 us-gaap Impaired Financing Receivable Related Allowance
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23000 USD
CY2014Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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2839000 USD
CY2013Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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4797000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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2605000 USD
CY2013Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
2467000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
2390000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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2454000 USD
CY2013Q2 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
16000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
20000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
35000 USD
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
31000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2778000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2297000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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2772000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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4478000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
84000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
67000 USD
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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2561000 USD
CY2013Q2 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
2345000 USD
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
8000 USD
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
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1000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
1000 USD
CY2013Q2 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
5000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
299000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
51000 USD
CY2014Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
67000 USD
CY2013Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
319000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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2406000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2300000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1508000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4589000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
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531000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1389000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
694000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
723000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
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723000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
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-210000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
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75000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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950000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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658000 USD
us-gaap Increase Decrease In Deposits
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71078000 USD
us-gaap Increase Decrease In Deposits
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30471000 USD
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-1267000 USD
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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5838 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4835 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1723 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3248 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
476000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
446000 USD
CY2014Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
239000 USD
CY2013Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
232000 USD
CY2013Q2 us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
11988000 USD
us-gaap Interest And Dividend Income Operating
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7612000 USD
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InterestAndFeeIncomeLoansAndLeases
4861000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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InterestAndFeeIncomeLoansAndLeases
6571000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
12700000 USD
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725108000 USD
CY2013Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
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CY2013Q4 us-gaap Interest Bearing Deposits In Banks
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51112000 USD
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18718000 USD
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2239000 USD
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267000 USD
CY2014Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
317000 USD
us-gaap Interest Expense
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3859000 USD
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InterestExpense
1923000 USD
us-gaap Interest Expense
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InterestExpenseBorrowings
624000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
575000 USD
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InterestExpenseDeposits
3782000 USD
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InterestExpenseDeposits
1656000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3284000 USD
CY2014Q2 us-gaap Interest Expense Deposits
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1922000 USD
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10165000 USD
CY2014Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5446000 USD
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8129000 USD
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5373000 USD
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us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
699000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
58000 USD
CY2013Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
396000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1386000 USD
CY2014Q2 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
1041000 USD
us-gaap Interest Income Securities Taxable
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1887000 USD
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902000 USD
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us-gaap Interest Paid
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4412000 USD
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102000 USD
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
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LaborAndRelatedExpense
2846000 USD
us-gaap Labor And Related Expense
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LoanProcessingFee
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us-gaap Loan Processing Fee
LoanProcessingFee
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5140000 USD
CY2013Q1 us-gaap Loans And Leases Receivable Allowance
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CY2013Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2012Q4 us-gaap Loans And Leases Receivable Allowance
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CY2014Q1 us-gaap Loans And Leases Receivable Allowance
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MarketingAndAdvertisingExpense
394000 USD
us-gaap Marketing And Advertising Expense
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125000 USD
CY2013Q2 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
19000 USD
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
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us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
484000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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MarketingAndAdvertisingExpense
455000 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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25963000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2013Q2 us-gaap Net Income Loss
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5560000 USD
us-gaap Noninterest Expense
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CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
1622000 USD
us-gaap Noninterest Income
NoninterestIncome
3133000 USD
us-gaap Noninterest Income
NoninterestIncome
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us-gaap Noninterest Income Other Operating Income
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197000 USD
CY2013Q2 us-gaap Noninterest Income Other Operating Income
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CY2013Q2 us-gaap Occupancy Net
OccupancyNet
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us-gaap Occupancy Net
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OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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OtherComprehensiveIncomeLossBeforeTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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484000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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125000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
19000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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OtherComprehensiveIncomeLossTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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OtherComprehensiveIncomeLossTax
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OtherNoninterestExpense
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us-gaap Other Noninterest Expense
OtherNoninterestExpense
850000 USD
CY2014Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
472000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
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CY2013Q4 us-gaap Other Real Estate
OtherRealEstate
4381000 USD
CY2014Q2 us-gaap Other Real Estate
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us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
18000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
15000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
31000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1342000 USD
CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1737000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
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CY2014Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
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CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1150000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
1505000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
15000 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
994000 USD
CY2013Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
15000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
49000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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60000 USD
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252000 USD
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252000 USD
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4985000 USD
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2887207 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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4503010 shares
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Interestbearingtimedeposits
2500000 USD
CY2014Q2 inbk Interestbearingtimedeposits
Interestbearingtimedeposits
2000000 USD
CY2014Q2 inbk Impaired Financing Receivable Loans With No Specific Related Allowance
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0 USD
inbk Gain Loss On Derivatives
GainLossOnDerivatives
1130000 USD
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GainLossOnDerivatives
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CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2888260 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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4504302 shares
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4503010 shares
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4504302 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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2888260 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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2887207 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q4 inbk Area Of Office Building
AreaOfOfficeBuilding
52000 sqft
inbk Available For Sale Securities Continuous Unrealized Loss Position Fair Value In Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueInPercentage
0.28
CY2013 inbk Available For Sale Securities Continuous Unrealized Loss Position Fair Value In Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueInPercentage
0.61
CY2014Q2 inbk Carrying Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
CarryingValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
2831000 USD
CY2013Q4 inbk Carrying Value Liabilities Measured On Recurring Basis Subordinated Debt Obligations
CarryingValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
2789000 USD
inbk Cash Dividends Declared Not Paid
CashDividendsDeclaredNotPaid
265000 USD
inbk Cash Dividends Declared Not Paid
CashDividendsDeclaredNotPaid
169000 USD
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
inbk Deferred Stock Related To Directors Deferred Stock Plan Exercised In Period
DeferredStockRelatedToDirectorsDeferredStockPlanExercisedInPeriod
0 shares
inbk Deferred Stock Related To Directors Deferred Stock Plan Granted In Period
DeferredStockRelatedToDirectorsDeferredStockPlanGrantedInPeriod
425 shares
CY2013Q4 inbk Deferred Stock Related To Directors Deferred Stock Plan Outstanding Number
DeferredStockRelatedToDirectorsDeferredStockPlanOutstandingNumber
79676 shares
CY2014Q2 inbk Deferred Stock Related To Directors Deferred Stock Plan Outstanding Number
DeferredStockRelatedToDirectorsDeferredStockPlanOutstandingNumber
80101 shares
CY2013Q2 inbk Fair Value Of Warrants
FairValueOfWarrants
255000 USD
CY2013Q4 inbk Impaired Financing Receivable Loans With No Specific Related Allowance
ImpairedFinancingReceivableLoansWithNoSpecificRelatedAllowance
0 USD
CY2014Q2 inbk Impaired Financing Receivable Loans With Specific Related Allowance
ImpairedFinancingReceivableLoansWithSpecificRelatedAllowance
23000 USD
CY2013Q4 inbk Impaired Financing Receivable Loans With Specific Related Allowance
ImpairedFinancingReceivableLoansWithSpecificRelatedAllowance
242000 USD
CY2013Q4 inbk Impaired Loans And Losses On Fair Value Assets And Liabilities Measured On Nonrecurring Basis
ImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasis
137000 USD
CY2014Q2 inbk Impaired Loans And Losses On Fair Value Assets And Liabilities Measured On Nonrecurring Basis
ImpairedLoansAndLossesOnFairValueAssetsAndLiabilitiesMeasuredOnNonrecurringBasis
32000 USD
inbk Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
-193000 USD
inbk Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
-196000 USD
CY2013Q4 inbk Investments Numberof Investments
InvestmentsNumberofInvestments
2 investment
CY2013Q4 inbk Loans Heldforsale Carrying Value
LoansHeldforsaleCarryingValue
24258000 USD
CY2014Q2 inbk Loans Heldforsale Carrying Value
LoansHeldforsaleCarryingValue
18744000 USD
CY2014Q2 inbk Loans Heldforsale Gross Unrealized Gain
LoansHeldforsaleGrossUnrealizedGain
386000 USD
CY2013Q4 inbk Loans Heldforsale Gross Unrealized Loss
LoansHeldforsaleGrossUnrealizedLoss
4000 USD
CY2014Q2 inbk Loans Receivable Gross
LoansReceivableGross
631678000 USD
CY2013Q4 inbk Loans Receivable Gross
LoansReceivableGross
501153000 USD
inbk Loans Transferred To Real Estate Owned
LoansTransferredToRealEstateOwned
507000 USD
inbk Loans Transferred To Real Estate Owned
LoansTransferredToRealEstateOwned
0 USD
inbk Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
2500000 USD
inbk Net Change In Interest Bearing Time Deposits
NetChangeInInterestBearingTimeDeposits
-500000 USD
CY2013Q2 inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
-15000 USD
inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
-994000 USD
CY2014Q2 inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
688000 USD
inbk Other Comprehensive Income Loss Availableforsale Securities Net Unrealized Holding Gains Losses Other Than Temporary Impairments Recognizedin Income
OtherComprehensiveIncomeLossAvailableforsaleSecuritiesNetUnrealizedHoldingGainsLossesOtherThanTemporaryImpairmentsRecognizedinIncome
751000 USD
CY2013Q2 inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
1000 USD
CY2014Q2 inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
39000 USD
inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
-75000 USD
inbk Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
165000 USD
inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
-444000 USD
inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
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CY2014Q2 inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
-1106000 USD
CY2013Q2 inbk Other Than Temporary Impairment Credit Losses Recognized In Earnings Realized Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsRealizedLosses
-178000 USD
CY2013Q2 inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
-15000 USD
inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
-49000 USD
inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
0 USD
CY2014Q2 inbk Other Than Temporary Impairment Losses Reclassification Adjustment Before Tax
OtherThanTemporaryImpairmentLossesReclassificationAdjustmentBeforeTax
0 USD
inbk Otherthan Temporary Impairment Credit Losses Recognizedin Earnings Recoveries
OtherthanTemporaryImpairmentCreditLossesRecognizedinEarningsRecoveries
0 USD
inbk Otherthan Temporary Impairment Credit Losses Recognizedin Earnings Recoveries
OtherthanTemporaryImpairmentCreditLossesRecognizedinEarningsRecoveries
-44000 USD
CY2014Q2 inbk Otherthan Temporary Impairment Credit Losses Recognizedin Earnings Recoveries
OtherthanTemporaryImpairmentCreditLossesRecognizedinEarningsRecoveries
-44000 USD
CY2013Q2 inbk Otherthan Temporary Impairment Credit Losses Recognizedin Earnings Recoveries
OtherthanTemporaryImpairmentCreditLossesRecognizedinEarningsRecoveries
0 USD
inbk Proceedsfrom Issuanceof Subordinated Debtand Related Warrants
ProceedsfromIssuanceofSubordinatedDebtandRelatedWarrants
3000000 USD
inbk Proceedsfrom Issuanceof Subordinated Debtand Related Warrants
ProceedsfromIssuanceofSubordinatedDebtandRelatedWarrants
0 USD
inbk Sharebased Compensation Arrangementby Sharebase Payment Award Percentageof Annual Retainer Receivedin Common Stockor Deferred Stock Rights
SharebasedCompensationArrangementbySharebasePaymentAwardPercentageofAnnualRetainerReceivedinCommonStockorDeferredStockRights
1.00
CY2013Q2 inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
3000 USD
CY2014Q2 inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
86000 USD
inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
-140000 USD
inbk Total Reclassifications Out Of Accumulated Other Comprehensive Income Recognized Through Net Income Available For Sale Securities Adjustment Net Of Tax
TotalReclassificationsOutOfAccumulatedOtherComprehensiveIncomeRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentNetOfTax
319000 USD
CY2013Q2 inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
4000 USD
CY2014Q2 inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
125000 USD
inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
484000 USD
inbk Total Reclassified Amount Recognized Through Net Income Available For Sale Securities Adjustment Before Tax
TotalReclassifiedAmountRecognizedThroughNetIncomeAvailableForSaleSecuritiesAdjustmentBeforeTax
-215000 USD
inbk Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
390000 USD
inbk Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
-1127000 USD
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
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001562463
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4449619 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
First Internet Bancorp
dei Trading Symbol
TradingSymbol
INBK

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