2014 Q4 Form 10-Q Financial Statement

#000119312514403427 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $20.14M $19.98M
YoY Change 0.79% -7.11%
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 $800.0K $1.100M $1.000M
YoY Change -20.0% 10.0% -9.09%
% of Gross Profit
Operating Expenses $14.40M $14.43M $13.78M
YoY Change -26.59% 4.69% -0.4%
Operating Profit
YoY Change
Interest Expense $2.043M $2.042M $2.440M
YoY Change 19.54% -16.31% -30.56%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.400M $7.955M $7.626M
YoY Change 174.07% 4.31% -0.17%
Income Tax $2.491M $2.790M $2.658M
% Of Pretax Income 33.66% 35.07% 34.85%
Net Earnings $4.932M $5.165M $4.968M
YoY Change 154.36% 3.97% 0.18%
Net Earnings / Revenue 25.64% 24.86%
Basic Earnings Per Share $0.30 $0.31 $0.29
Diluted Earnings Per Share $0.30 $0.31 $0.29
COMMON SHARES
Basic Shares Outstanding 17.01M shares 16.62M shares 17.05M shares
Diluted Shares Outstanding 16.70M shares 17.21M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
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 $24.74M $24.69M $22.64M
YoY Change 4.45% 9.05% 1.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.00M $16.00M
YoY Change 6.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.357B $2.309B $2.286B
YoY Change 4.76% 0.98% -0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $68.00M $61.00M $70.00M
YoY Change 0.0% -12.86% -2.78%
Long-Term Debt Due $23.00M
YoY Change
Total Short-Term Liabilities $68.00M $61.00M $23.00M
YoY Change 0.0% 165.22% -68.06%
LONG-TERM LIABILITIES
Long-Term Debt $28.00M $28.00M $5.000M
YoY Change 0.0% 460.0% -82.14%
Other Long-Term Liabilities $18.00M $15.00M $17.00M
YoY Change 0.0% -11.76% 54.55%
Total Long-Term Liabilities $46.00M $43.00M $22.00M
YoY Change 0.0% 95.45% -43.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.00M $61.00M $23.00M
Total Long-Term Liabilities $46.00M $43.00M $22.00M
Total Liabilities $2.138B $2.090B $2.073B
YoY Change 5.07% 0.85% -0.59%
SHAREHOLDERS EQUITY
Retained Earnings $217.7M $215.0M $206.3M
YoY Change 5.58% 4.2% 5.15%
Common Stock $265.6M $336.0K $336.0K
YoY Change 78946.43% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $254.6M $251.0M $245.3M
YoY Change 3.81% 2.33% 4.02%
Treasury Stock Shares 16.67M shares 16.45M shares 16.18M shares
Shareholders Equity $218.3M $218.7M $213.8M
YoY Change
Total Liabilities & Shareholders Equity $2.357B $2.309B $2.286B
YoY Change 4.76% 0.98% -0.79%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $4.932M $5.165M $4.968M
YoY Change 154.36% 3.97% 0.18%
Depreciation, Depletion And Amortization $800.0K $1.100M $1.000M
YoY Change -20.0% 10.0% -9.09%
Cash From Operating Activities $12.60M $7.100M $6.700M
YoY Change 44.83% 5.97% 509.09%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$1.000M -$300.0K
YoY Change -55.56% 233.33% -40.0%
Acquisitions
YoY Change
Other Investing Activities -$42.50M $5.500M $16.90M
YoY Change -272.76% -67.46% 138.03%
Cash From Investing Activities -$43.30M $4.400M $16.50M
YoY Change -289.08% -73.33% 150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 39.20M -27.60M -21.50M
YoY Change -194.23% 28.37% -375.64%
NET CHANGE
Cash From Operating Activities 12.60M 7.100M 6.700M
Cash From Investing Activities -43.30M 4.400M 16.50M
Cash From Financing Activities 39.20M -27.60M -21.50M
Net Change In Cash 8.500M -16.10M 1.700M
YoY Change -185.0% -1047.06% -89.03%
FREE CASH FLOW
Cash From Operating Activities $12.60M $7.100M $6.700M
Capital Expenditures -$800.0K -$1.000M -$300.0K
Free Cash Flow $13.40M $8.100M $7.000M
YoY Change 27.62% 15.71% 337.5%

Facts In Submission

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17047000 shares
CY2013Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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135000
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OperatingExpenses
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768000
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EquipmentExpense
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CY2013Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
700000
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538000
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1498000
CY2013Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1333000
CY2013Q3 us-gaap Marketing Expense
MarketingExpense
444000
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OtherTaxExpenseBenefit
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InterestExpenseDeposits
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1357000
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UnallocatedIncentiveAwardSharesAndSharesHeldByDeferredCompensationPlan
101000 shares
CY2013Q3 ocfc Securities Transferred From Available For Sale To Held To Maturity
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536000000
CY2013Q3 ocfc Average Balances Of Impaired Loans
AverageBalancesOfImpairedLoans
36320000
CY2013Q3 ocfc Credit And Debit Card Revenue
CreditAndDebitCardRevenue
943000
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ReserveForLoanRepurchasesLossOnLoansRepurchased
220000
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16704000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17132000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
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781000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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16623000 shares
CY2014Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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InterestAndFeeIncomeLoansAndLeases
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CY2014Q3 us-gaap Interest Expense
InterestExpense
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OperatingExpenses
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100000
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225000
CY2014Q3 ocfc Other Comprehensive Income Accretion Of Fair Value Adjustment On Held To Maturity Securities Tax
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142000
CY2014Q3 ocfc Other Comprehensive Income Accretion Of Net Unrealized Losses On Held To Maturity Securities Net Of Tax
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-206000
CY2014Q3 ocfc Check Card Processing
CheckCardProcessing
518000

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