2018 Q2 Form 10-Q Financial Statement

#000143774918014492 Filed on August 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $34.32M $30.90M
YoY Change 11.05% 2.51%
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 $900.0K $800.0K
YoY Change 12.5% 14.29%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.094M $3.710M
YoY Change 37.3% 21.76%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $11.66M $10.60M
YoY Change 9.98% -2.47%
Income Tax $2.215M $3.260M
% Of Pretax Income 18.99% 30.75%
Net Earnings $9.446M $7.343M
YoY Change 28.64% -1.22%
Net Earnings / Revenue 27.52% 23.76%
Basic Earnings Per Share $0.57 $0.45
Diluted Earnings Per Share $0.57 $0.45
COMMON SHARES
Basic Shares Outstanding 16.60M 16.47M
Diluted Shares Outstanding 16.61M 16.49M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
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 $47.10M $46.00M
YoY Change 2.4% 0.97%
Goodwill $49.47M $49.47M
YoY Change 0.0% 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 $3.289B $3.143B
YoY Change 4.62% 4.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.40M $14.00M
YoY Change -4.29% -15.15%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $94.60M $110.9M
YoY Change -14.7% -18.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.40M $14.00M
YoY Change -4.29% -15.15%
LONG-TERM LIABILITIES
Long-Term Debt $45.90M $45.20M
YoY Change 1.55% 1.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $45.90M $45.20M
YoY Change 1.55% 1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.40M $14.00M
Total Long-Term Liabilities $45.90M $45.20M
Total Liabilities $2.914B $2.786B
YoY Change 4.59% 4.91%
SHAREHOLDERS EQUITY
Retained Earnings $74.08M $50.01M
YoY Change 48.13% 29.72%
Common Stock $311.7M $308.3M
YoY Change 1.1% 1.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $374.9M $357.5M
YoY Change
Total Liabilities & Shareholders Equity $3.289B $3.143B
YoY Change 4.62% 4.78%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $9.446M $7.343M
YoY Change 28.64% -1.22%
Depreciation, Depletion And Amortization $900.0K $800.0K
YoY Change 12.5% 14.29%
Cash From Operating Activities $8.300M $7.730M
YoY Change 7.37% 34.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.670M -$1.020M
YoY Change 63.73% 229.03%
Acquisitions
YoY Change
Other Investing Activities -$78.07M -$72.24M
YoY Change 8.07% 8.81%
Cash From Investing Activities -$79.73M -$73.27M
YoY Change 8.82% 9.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.99M 114.2M
YoY Change -112.25% 71.02%
NET CHANGE
Cash From Operating Activities 8.300M 7.730M
Cash From Investing Activities -79.73M -73.27M
Cash From Financing Activities -13.99M 114.2M
Net Change In Cash -85.42M 48.63M
YoY Change -275.65% 737.01%
FREE CASH FLOW
Cash From Operating Activities $8.300M $7.730M
Capital Expenditures -$1.670M -$1.020M
Free Cash Flow $9.970M $8.750M
YoY Change 13.94% 44.63%

Facts In Submission

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CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Common Stock Dividends Per Share Cash Paid
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CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2018Q2 us-gaap Common Stock Shares Authorized
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CY2017Q4 us-gaap Common Stock Shares Authorized
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CY2018Q2 us-gaap Common Stock Shares Outstanding
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CY2017Q4 us-gaap Common Stock Shares Outstanding
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CY2018Q2 us-gaap Common Stock Value
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CY2017Q4 us-gaap Common Stock Value
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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us-gaap Debt And Equity Securities Realized Gain Loss
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us-gaap Debt And Equity Securities Realized Gain Loss
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us-gaap Debt Instrument Interest Rate During Period
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2018Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2018Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2018Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2017Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2018Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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CY2017Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2017Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
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CY2018Q2 us-gaap Deposits
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CY2017Q4 us-gaap Deposits
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CY2018Q2 us-gaap Depreciation
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CY2017Q2 us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Dividends Common Stock Cash
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us-gaap Dividends Common Stock Cash
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CY2018Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2018Q2 us-gaap Earnings Per Share Diluted
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CY2017Q2 us-gaap Earnings Per Share Diluted
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0.45
us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2018Q2 us-gaap Equipment Expense
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CY2017Q2 us-gaap Equipment Expense
EquipmentExpense
546000
us-gaap Equipment Expense
EquipmentExpense
1130000
us-gaap Equipment Expense
EquipmentExpense
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CY2018Q2 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
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CY2017Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
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CY2018Q2 us-gaap Federal Home Loan Bank Advances Long Term
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230000000
CY2017Q4 us-gaap Federal Home Loan Bank Advances Long Term
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220000000
CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
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70000000
CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
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CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
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40000000
CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
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40000000
CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
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30000000
CY2018Q2 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year
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CY2018Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
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us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Gain Loss On Sale Of Mortgage Loans
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2018Q2 us-gaap Goodwill
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Goodwill
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CY2018Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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us-gaap Impaired Financing Receivable Interest Income Accrual Method
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CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2018Q2 us-gaap Income Tax Expense Benefit
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CY2017Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Deposits
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Time Deposits
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us-gaap Increase Decrease In Time Deposits
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CY2018Q2 us-gaap Information Technology And Data Processing
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CY2017Q2 us-gaap Information Technology And Data Processing
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us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
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us-gaap Information Technology And Data Processing
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CY2018Q2 us-gaap Interest And Dividend Income Operating
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CY2017Q2 us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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CY2018Q2 us-gaap Interest And Fee Income Loans And Leases
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CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest And Fee Income Loans And Leases
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CY2018Q2 us-gaap Interest Bearing Deposit Liabilities Domestic
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CY2018Q2 us-gaap Interest Bearing Deposits In Banks
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CY2017Q4 us-gaap Interest Bearing Deposits In Banks
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CY2018Q2 us-gaap Interest Bearing Domestic Deposit Checking
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CY2017Q4 us-gaap Interest Bearing Domestic Deposit Checking
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CY2018Q2 us-gaap Interest Bearing Domestic Deposit Money Market
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CY2017Q4 us-gaap Interest Bearing Domestic Deposit Money Market
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CY2018Q2 us-gaap Interest Bearing Domestic Deposit Savings
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CY2017Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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CY2016Q1 us-gaap Interest Expense Debt
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CY2018Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
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CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
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us-gaap Interest Expense Deposits
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us-gaap Interest Expense Deposits
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CY2018Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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988000
CY2017Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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1002000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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CY2018Q2 us-gaap Interest Expense Short Term Borrowings
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CY2017Q2 us-gaap Interest Expense Short Term Borrowings
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us-gaap Interest Expense Short Term Borrowings
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us-gaap Interest Expense Short Term Borrowings
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CY2018Q2 us-gaap Interest Expense Subordinated Notes And Debentures
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CY2017Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
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us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
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us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
1260000
CY2018Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
287000
CY2017Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
116000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
757000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
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CY2018Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2017Q2 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
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us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2018Q2 us-gaap Interest Income Expense Net
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CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27193000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2018Q2 us-gaap Interest Income Securities Tax Exempt
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CY2017Q2 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
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us-gaap Interest Income Securities Tax Exempt
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us-gaap Interest Income Securities Tax Exempt
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CY2018Q2 us-gaap Interest Income Securities Taxable
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CY2017Q2 us-gaap Interest Income Securities Taxable
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us-gaap Interest Income Securities Taxable
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us-gaap Interest Income Securities Taxable
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2012Q1 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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CY2018Q2 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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CY2017Q4 us-gaap Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
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CY2018Q2 us-gaap Labor And Related Expense
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CY2017Q2 us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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CY2018Q2 us-gaap Liabilities
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CY2017Q4 us-gaap Liabilities
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
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CY2017Q4 us-gaap Liabilities And Stockholders Equity
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CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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100000
us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
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CY2018Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
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CY2018Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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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 Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2018Q2 us-gaap Noninterest Bearing Domestic Deposit Demand
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CY2018Q2 us-gaap Noninterest Income
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us-gaap Noninterest Income
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us-gaap Noninterest Income
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us-gaap Noninterest Income Other Operating Income
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us-gaap Noninterest Income Other Operating Income
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CY2018Q2 us-gaap Occupancy Net
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CY2017Q2 us-gaap Occupancy Net
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us-gaap Occupancy Net
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CY2018Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2017Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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0
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497000
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559000
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16598274
us-gaap Weighted Average Number Of Shares Outstanding Basic
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16452954

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