2018 Q1 Form 10-Q Financial Statement

#000131539918000006 Filed on May 10, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $13.51M $11.10M
YoY Change 21.73% 7.3%
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 $91.00K $69.00K
YoY Change 31.88% -11.54%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.484M $1.841M
YoY Change 34.93% 15.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.595M $5.462M
YoY Change 39.05% 20.47%
Income Tax $1.835M $2.004M
% Of Pretax Income 24.16% 36.69%
Net Earnings $5.760M $3.459M
YoY Change 66.52% 32.63%
Net Earnings / Revenue 42.64% 31.17%
Basic Earnings Per Share $0.63 $0.42
Diluted Earnings Per Share $0.53 $0.35
COMMON SHARES
Basic Shares Outstanding 8.822M shares 7.565M shares
Diluted Shares Outstanding 10.91M shares 9.902M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.68M $85.27M
YoY Change -1.86% 20.23%
Cash & Equivalents $46.71M $39.73M
Short-Term Investments $36.98M $45.54M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.008M $5.176M
YoY Change 35.39% 11.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.600M $10.40M
YoY Change -36.54% -2.8%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.167B $1.016B
YoY Change 14.82% 9.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $600.0K
YoY Change 16.67% 20.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $700.0K $600.0K
YoY Change 16.67% 20.0%
LONG-TERM LIABILITIES
Long-Term Debt $13.40M $13.40M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $7.100M $6.000M
YoY Change 18.33% 9.09%
Total Long-Term Liabilities $20.50M $19.40M
YoY Change 5.67% 2.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $700.0K $600.0K
Total Long-Term Liabilities $20.50M $19.40M
Total Liabilities $1.028B $886.7M
YoY Change 15.95% 9.2%
SHAREHOLDERS EQUITY
Retained Earnings $43.74M $49.96M
YoY Change -12.44% 17.85%
Common Stock $831.0K $716.0K
YoY Change 16.06% 10.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.015M $3.015M
YoY Change 0.0% 0.0%
Treasury Stock Shares 284.5K shares 284.5K shares
Shareholders Equity $138.9M $129.7M
YoY Change
Total Liabilities & Shareholders Equity $1.167B $1.016B
YoY Change 14.82% 9.67%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $5.760M $3.459M
YoY Change 66.52% 32.63%
Depreciation, Depletion And Amortization $91.00K $69.00K
YoY Change 31.88% -11.54%
Cash From Operating Activities $6.597M $2.955M
YoY Change 123.25% 197.88%
INVESTING ACTIVITIES
Capital Expenditures $74.00K $48.00K
YoY Change 54.17% -61.9%
Acquisitions
YoY Change
Other Investing Activities -$26.60M -$31.45M
YoY Change -15.42% -27.48%
Cash From Investing Activities -$26.67M -$31.50M
YoY Change -15.32% -27.59%
FINANCING ACTIVITIES
Cash Dividend Paid $1.201M
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $24.67M -$2.446M
YoY Change -1108.46% -105.82%
NET CHANGE
Cash From Operating Activities $6.597M $2.955M
Cash From Investing Activities -$26.67M -$31.50M
Cash From Financing Activities $24.67M -$2.446M
Net Change In Cash $4.592M -$30.99M
YoY Change -114.82% 6276.54%
FREE CASH FLOW
Cash From Operating Activities $6.597M $2.955M
Capital Expenditures $74.00K $48.00K
Free Cash Flow $6.523M $2.907M
YoY Change 124.39% 235.68%

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CY2018Q1 us-gaap Financing Receivable Recorded Investment Current
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FinancingReceivableRecordedInvestmentPastDue
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CY2018Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4696000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Other Loans And Leases
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0 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Other Loans And Leases
GainLossOnSaleOfOtherLoansAndLeases
178000 USD
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0 USD
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178000 USD
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-6000 USD
CY2018Q1 us-gaap Gains Losses On Sales Of Other Real Estate
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0 USD
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HeldToMaturitySecurities
2268000 USD
CY2018Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1074000 USD
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1252000 USD
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0 USD
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0 USD
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HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
0 USD
CY2018Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
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0 USD
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0 USD
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0 USD
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HeldToMaturitySecuritiesFairValue
2468000 USD
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1252000 USD
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35668000 USD
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ImpairedFinancingReceivableInterestIncomeAccrualMethod
307000 USD
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258000 USD
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ImpairedFinancingReceivableRecordedInvestment
25452000 USD
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ImpairedFinancingReceivableRecordedInvestment
24805000 USD
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458000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
466000 USD
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29468000 USD
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CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
4080000 USD
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ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
8744000 USD
CY2018Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
8610000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
21265000 USD
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
20725000 USD
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23209000 USD
CY2018Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
20858000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5462000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7595000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2004000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1835000 USD
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IncomeTaxesPaid
2004000 USD
CY2018Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
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IncreaseDecreaseInDeferredIncomeTaxes
-307000 USD
CY2018Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
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IncreaseDecreaseInOperatingAssets
-1058000 USD
CY2018Q1 us-gaap Increase Decrease In Operating Assets
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-1042000 USD
CY2017Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-758000 USD
CY2018Q1 us-gaap Increase Decrease In Operating Liabilities
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-415000 USD
CY2017Q1 us-gaap Information Technology And Data Processing
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181000 USD
CY2018Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
197000 USD
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11097000 USD
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InterestAndDividendIncomeOperating
13505000 USD
CY2017Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
10651000 USD
CY2018Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
13013000 USD
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InterestBearingDepositLiabilities
776633000 USD
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InterestExpense
1841000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
2484000 USD
CY2017Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
375000 USD
CY2018Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
531000 USD
CY2017Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1466000 USD
CY2018Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1953000 USD
CY2017Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8756000 USD
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InterestIncomeExpenseAfterProvisionForLoanLoss
10621000 USD
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InterestIncomeExpenseNet
9256000 USD
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InterestIncomeExpenseNet
11021000 USD
CY2017Q1 us-gaap Interest Paid Net
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1875000 USD
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2472000 USD
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719000 USD
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731000 USD
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1954000 USD
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1137452000 USD
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15580000 USD
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LoansAndLeasesReceivableAllowance
17081000 USD
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CY2018Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
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1041940000 USD
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995184000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1024859000 USD
CY2017Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
1541000 USD
CY2018Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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1703000 USD
CY2017Q4 us-gaap Marketable Securities
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40259000 USD
CY2018Q1 us-gaap Marketable Securities
MarketableSecurities
36979000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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24685000 USD
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2955000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6579000 USD
CY2017Q1 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
29047000 USD
CY2018Q1 us-gaap Net Change Interest Bearing Deposits Domestic
NetChangeInterestBearingDepositsDomestic
34606000 USD
CY2017Q1 us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
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CY2018Q1 us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
1215000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
3459000 USD
CY2018Q1 us-gaap Net Income Loss
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5760000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3160000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5521000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3160000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5521000 USD
CY2017Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
124356000 USD
CY2018Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
125571000 USD
CY2017Q1 us-gaap Noninterest Expense
NoninterestExpense
3689000 USD
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
3895000 USD
CY2017Q1 us-gaap Noninterest Income
NoninterestIncome
395000 USD
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
869000 USD
CY2017Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
87000 USD
CY2018Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
104000 USD
CY2017Q1 us-gaap Occupancy Net
OccupancyNet
343000 USD
CY2018Q1 us-gaap Occupancy Net
OccupancyNet
421000 USD
CY2018Q1 us-gaap Operations Commenced Date1
OperationsCommencedDate1
1999-01-28
CY2017Q4 us-gaap Other Assets
OtherAssets
2269000 USD
CY2018Q1 us-gaap Other Assets
OtherAssets
1113000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
46000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-493000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
31000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-157000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
67000 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-650000 USD
CY2017Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
374000 USD
CY2018Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
349000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
7517000 USD
CY2018Q1 us-gaap Other Liabilities
OtherLiabilities
7090000 USD
CY2017Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
672000 USD
CY2018Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
703000 USD
CY2017Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
7248000 USD
CY2018Q1 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
6838000 USD
CY2017Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
-10000 USD
CY2018Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
0 USD
CY2017Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
103000 USD
CY2018Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
79000 USD
CY2017Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
33800000 USD
CY2018Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
30365000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
987000 USD
CY2018Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1201000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74000 USD
CY2017Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
299000 USD
CY2018Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
239000 USD
CY2017Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2018Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2018Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
15971 shares
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
15946 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
15971000 USD
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
15946000 USD
CY2017Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
1597000 USD
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
1412000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
0 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-10000000 USD
CY2017Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
0 USD
CY2018Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
ProceedsFromRepurchaseOfRedeemablePreferredStock
450000 USD
CY2017Q1 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
0 USD
CY2018Q1 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
2564000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1205000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
885000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
779000 USD
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
171000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
47000 USD
CY2017Q1 us-gaap Professional Fees
ProfessionalFees
365000 USD
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
374000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
3458000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
5760000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7025000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7008000 USD
CY2017Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
500000 USD
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
400000 USD
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
6172000 USD
CY2018Q1 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
5722000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39184000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
43743000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
18000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
18000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-89000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
163000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
47000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
134780000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
138911000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
127090000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
129699000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
134780000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
138911000 USD
CY2017Q4 us-gaap Subordinated Debt
SubordinatedDebt
13403000 USD
CY2018Q1 us-gaap Subordinated Debt
SubordinatedDebt
13403000 USD
CY2017Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
59000 USD
CY2018Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
290000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
284522 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
284522 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3015000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
3015000 USD
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2337312 shares
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1896266 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9901919 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9916498 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7564607 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8020232 shares
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the allowance for loan losses, other than temporary impairment losses on investment securities, the valuation of deferred income taxes, servicing assets and carrying value of other real estate owned ("OREO").</font></div></div>

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pkbk-20180331.xml Edgar Link completed
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