2019 Q1 Form 10-Q Financial Statement

#000143774919009116 Filed on May 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $11.14M $10.48M
YoY Change 6.24% 2.4%
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 $173.0K $203.0K
YoY Change -14.78% -0.49%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.793M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.169M $3.734M
YoY Change 38.43% -20.86%
Income Tax $726.0K $438.0K
% Of Pretax Income 14.05% 11.73%
Net Earnings $4.443M $3.296M
YoY Change 34.8% -9.67%
Net Earnings / Revenue 39.89% 31.44%
Basic Earnings Per Share $0.65 $0.47
Diluted Earnings Per Share $0.65 $0.47
COMMON SHARES
Basic Shares Outstanding 6.506M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
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 $8.830M $8.120M
YoY Change 8.74% -6.4%
Goodwill $5.848M
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 $1.258B $1.271B
YoY Change -0.99% 2.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.0K
YoY Change 0.0%
Accrued Expenses $2.200M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.300M $100.0K
YoY Change 2200.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.20M $12.00M
YoY Change 18.33% -11.76%
Total Long-Term Liabilities $14.20M $12.00M
YoY Change 18.33% -11.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.300M $100.0K
Total Long-Term Liabilities $14.20M $12.00M
Total Liabilities $1.077B $1.085B
YoY Change -0.76% 2.34%
SHAREHOLDERS EQUITY
Retained Earnings $180.6M $189.2M
YoY Change -4.52% 4.02%
Common Stock $8.132M $8.698M
YoY Change -6.51% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.2M $185.5M
YoY Change
Total Liabilities & Shareholders Equity $1.258B $1.271B
YoY Change -0.99% 2.2%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $4.443M $3.296M
YoY Change 34.8% -9.67%
Depreciation, Depletion And Amortization $173.0K $203.0K
YoY Change -14.78% -0.49%
Cash From Operating Activities $5.096M $5.524M
YoY Change -7.75% 56.05%
INVESTING ACTIVITIES
Capital Expenditures -$360.0K -$100.0K
YoY Change 260.0% 233.33%
Acquisitions
YoY Change
Other Investing Activities $7.440M -$20.96M
YoY Change -135.5% 205.09%
Cash From Investing Activities $7.088M -$21.06M
YoY Change -133.66% 205.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.00M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.734M 13.21M
YoY Change -173.71% 334.69%
NET CHANGE
Cash From Operating Activities 5.096M 5.524M
Cash From Investing Activities 7.088M -21.06M
Cash From Financing Activities -9.734M 13.21M
Net Change In Cash 2.450M -2.328M
YoY Change -205.24% 627.5%
FREE CASH FLOW
Cash From Operating Activities $5.096M $5.524M
Capital Expenditures -$360.0K -$100.0K
Free Cash Flow $5.456M $5.624M
YoY Change -2.99% 57.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 nksh Deposit Savings Deposits
DepositSavingsDeposits
138175000
CY2019Q1 nksh Impaired Loans Net Fair Value Disclosure
ImpairedLoansNetFairValueDisclosure
993000
CY2019Q1 nksh Accruing Restructured Loans
AccruingRestructuredLoans
1995000
CY2018Q1 nksh Accruing Restructured Loans
AccruingRestructuredLoans
7890000
CY2018Q4 nksh Accruing Restructured Loans
AccruingRestructuredLoans
2552000
CY2019Q1 nksh Assets Ratio Of Nonperforming Assets To Loans Net Of Unearned Income And Deferred Fees Plus Oreo
AssetsRatioOfNonperformingAssetsToLoansNetOfUnearnedIncomeAndDeferredFeesPlusOreo
0.008
CY2018Q1 nksh Assets Ratio Of Nonperforming Assets To Loans Net Of Unearned Income And Deferred Fees Plus Oreo
AssetsRatioOfNonperformingAssetsToLoansNetOfUnearnedIncomeAndDeferredFeesPlusOreo
0.0083
CY2018Q4 nksh Assets Ratio Of Nonperforming Assets To Loans Net Of Unearned Income And Deferred Fees Plus Oreo
AssetsRatioOfNonperformingAssetsToLoansNetOfUnearnedIncomeAndDeferredFeesPlusOreo
0.0077
CY2019Q1 nksh Available For Sale And Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleAndHeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
252300000
CY2019Q1 nksh Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
ContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
3123000
CY2018Q4 nksh Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
ContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
7365000
CY2019Q1 nksh Continuous Unrealized Loss Position Aggregate Losses
ContinuousUnrealizedLossPositionAggregateLosses
3208000
CY2019Q1 nksh Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
ContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
85000
CY2018Q4 nksh Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
ContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
762000
CY2019Q1 nksh Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
ContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1497000
CY2018Q4 nksh Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
ContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
39454000
CY2019Q1 nksh Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
ContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
250803000
CY2018Q4 nksh Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
ContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
281626000
CY2019Q1 nksh Deposit Savings Deposits
DepositSavingsDeposits
142675000
CY2018Q4 nksh Impaired Loans Net Fair Value Disclosure
ImpairedLoansNetFairValueDisclosure
1014000
CY2019Q1 nksh Impaired Loans Net Of Allowance
ImpairedLoansNetOfAllowance
6205000
CY2018Q1 nksh Impaired Loans Net Of Allowance
ImpairedLoansNetOfAllowance
11512000
CY2018Q4 nksh Impaired Loans Net Of Allowance
ImpairedLoansNetOfAllowance
6681000
CY2019Q1 nksh Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
848000
CY2019Q1 nksh Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
294000
CY2019Q1 nksh Loan Receivable Nonaccrual
LoanReceivableNonaccrual
294000
CY2018Q1 nksh Loan Receivable Nonaccrual
LoanReceivableNonaccrual
6000
CY2018Q4 nksh Loan Receivable Nonaccrual
LoanReceivableNonaccrual
311000
CY2019Q1 nksh Losses And Write Downs On Other Real Estate Owned
LossesAndWriteDownsOnOtherRealEstateOwned
-5000
CY2018Q1 nksh Losses And Write Downs On Other Real Estate Owned
LossesAndWriteDownsOnOtherRealEstateOwned
-76000
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12000
CY2019Q1 nksh Net Costs Of Other Real Estate Owned
NetCostsOfOtherRealEstateOwned
25000
CY2018Q1 nksh Net Costs Of Other Real Estate Owned
NetCostsOfOtherRealEstateOwned
85000
CY2019Q1 nksh Nonaccrual Restructured Loans
NonaccrualRestructuredLoans
3440000
CY2018Q1 nksh Nonaccrual Restructured Loans
NonaccrualRestructuredLoans
2758000
CY2018Q4 nksh Nonaccrual Restructured Loans
NonaccrualRestructuredLoans
3109000
CY2019Q1 nksh Nonperforming Assets
NonperformingAssets
5759000
CY2018Q1 nksh Nonperforming Assets
NonperformingAssets
5505000
CY2018Q4 nksh Nonperforming Assets
NonperformingAssets
5472000
CY2019Q1 nksh Number Of Temporarily Impaired Securities
NumberOfTemporarilyImpairedSecurities
266
CY2019Q1 nksh Number Of Temporarily Impaired Securities Greater Than Twelve Months
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264
CY2019Q1 nksh Other Real Estate Fair Value Disclosure
OtherRealEstateFairValueDisclosure
2025000
CY2018Q4 nksh Other Real Estate Fair Value Disclosure
OtherRealEstateFairValueDisclosure
2052000
CY2019Q1 nksh Proceeds From Loans And Leases Originations And Principal Collections
ProceedsFromLoansAndLeasesOriginationsAndPrincipalCollections
-11861000
CY2018Q1 nksh Proceeds From Loans And Leases Originations And Principal Collections
ProceedsFromLoansAndLeasesOriginationsAndPrincipalCollections
10772000
CY2019Q1 nksh Ratio Of Allowance For Loan Losses To End Of Period Loans
RatioOfAllowanceForLoanLossesToEndOfPeriodLoans
0.0102
CY2018Q1 nksh Ratio Of Allowance For Loan Losses To End Of Period Loans
RatioOfAllowanceForLoanLossesToEndOfPeriodLoans
0.0112
CY2018 nksh Ratio Of Allowance For Loan Losses To End Of Period Loans
RatioOfAllowanceForLoanLossesToEndOfPeriodLoans
0.0104
CY2019Q1 nksh Ratio Of Allowance For Loan Losses To Nonperforming Loans
RatioOfAllowanceForLoanLossesToNonperformingLoans
1.9711
CY2018Q1 nksh Ratio Of Allowance For Loan Losses To Nonperforming Loans
RatioOfAllowanceForLoanLossesToNonperformingLoans
2.674
CY2018Q4 nksh Ratio Of Allowance For Loan Losses To Nonperforming Loans
RatioOfAllowanceForLoanLossesToNonperformingLoans
2.1608
CY2019Q1 nksh Ratio Of Loans Past Due90 Days Or More And Still Accruing To Loans
RatioOfLoansPastDue90DaysOrMoreAndStillAccruingToLoans
0.0001
CY2018Q1 nksh Ratio Of Loans Past Due90 Days Or More And Still Accruing To Loans
RatioOfLoansPastDue90DaysOrMoreAndStillAccruingToLoans
0.0001
CY2018Q4 nksh Ratio Of Loans Past Due90 Days Or More And Still Accruing To Loans
RatioOfLoansPastDue90DaysOrMoreAndStillAccruingToLoans
0
CY2019Q1 nksh Ratio Of Net Chargeoffs To Average Loans
RatioOfNetChargeoffsToAverageLoans
0.0013
CY2018Q1 nksh Ratio Of Net Chargeoffs To Average Loans
RatioOfNetChargeoffsToAverageLoans
0.0004
CY2018 nksh Ratio Of Net Chargeoffs To Average Loans
RatioOfNetChargeoffsToAverageLoans
0.0007
CY2019Q1 nksh Revenue From Contract With Customer Including Assessed Tax Outside Of Topic606
RevenueFromContractWithCustomerIncludingAssessedTaxOutsideOfTopic606
1005000
CY2018Q1 nksh Revenue From Contract With Customer Including Assessed Tax Outside Of Topic606
RevenueFromContractWithCustomerIncludingAssessedTaxOutsideOfTopic606
483000
CY2019Q1 nksh Taxother
Taxother
314000
CY2018Q1 nksh Taxother
Taxother
331000
CY2019Q1 nksh Threshold For Designation To Impaired Status
ThresholdForDesignationToImpairedStatus
250000
CY2019Q1 nksh Threshold Period For Considering Loans As Special Mention Or Classified
ThresholdPeriodForConsideringLoansAsSpecialMentionOrClassified
P75D
CY2019Q1 nksh Writedown Of Insurance Receivable
WritedownOfInsuranceReceivable
CY2018Q1 nksh Writedown Of Insurance Receivable
WritedownOfInsuranceReceivable
1724000
CY2019Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-14000
CY2018Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-15000
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-12085000
CY2019Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
328000
CY2018Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
139000
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1724000
CY2019Q1 us-gaap Assets
Assets
1258003000
CY2018Q4 us-gaap Assets
Assets
1256032000
CY2019Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2540000
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1709000
CY2019Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3208000
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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8127000
CY2019Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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405313000
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431428000
CY2019Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
404645000
CY2018Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
425010000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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82061000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
82551000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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174190000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
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CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
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CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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62607000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
62459000
CY2019Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
404645000
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
425010000
CY2019Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
12000
CY2018Q1 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
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BankOwnedLifeInsurance
34876000
CY2018Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
34657000
CY2019Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
219000
CY2018Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
228000
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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2450000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
12882000
CY2017Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
12926000
CY2019Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
15332000
CY2018Q1 us-gaap Cash And Due From Banks
CashAndDueFromBanks
10598000
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.25
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1.25
CY2019Q1 us-gaap Common Stock Shares Authorized
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10000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000
CY2019Q1 us-gaap Common Stock Shares Issued
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CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2019Q1 us-gaap Common Stock Shares Outstanding
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6505574
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CY2019Q1 us-gaap Common Stock Value
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CY2018Q4 us-gaap Common Stock Value
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CY2018Q1 us-gaap Debt And Equity Securities Gain Loss
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CY2019Q1 us-gaap Defined Benefit Plan Contributions By Employer
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0
CY2019Q1 us-gaap Deposits
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CY2018Q4 us-gaap Deposits
Deposits
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Depreciation
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CY2018Q1 us-gaap Depreciation
Depreciation
203000
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0.47
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0.65
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0.47
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139000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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98000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
77000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
235000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
328000
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
139000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2019Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
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6820000
CY2019Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
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0
CY2018Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
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2
CY2018Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
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CY2018Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
10648000
CY2018Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2019Q1 us-gaap Financing Receivable Reclassification To Held For Sale
FinancingReceivableReclassificationToHeldForSale
0
CY2019Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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55000
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52000
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35000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3734000
CY2018Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2764000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3420000
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2000
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
CY2019Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
39000
CY2018Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
42000
CY2019Q1 us-gaap Goodwill
Goodwill
5848000
CY2018Q4 us-gaap Goodwill
Goodwill
5848000
CY2018Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
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6957974

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