2020 Q1 Form 10-Q Financial Statement
#000143774920009545 Filed on May 06, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
Revenue | $9.599M | $9.826M | |
YoY Change | -2.31% | 25.68% | |
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 | $350.0K | $360.0K | $290.0K |
YoY Change | -2.78% | 44.0% | 16.0% |
% of Gross Profit | |||
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $378.0K | $440.0K | |
YoY Change | -14.09% | 66.04% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $4.560M | $5.267M | $4.870M |
YoY Change | -13.42% | 18.76% | 19.66% |
Income Tax | $1.244M | $1.449M | $1.300M |
% Of Pretax Income | 27.28% | 27.51% | 26.69% |
Net Earnings | $3.316M | $3.818M | $3.570M |
YoY Change | -13.15% | 16.4% | 213.16% |
Net Earnings / Revenue | 34.55% | 38.86% | |
Basic Earnings Per Share | $0.64 | $0.74 | |
Diluted Earnings Per Share | $0.63 | $0.73 | $683.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 5.171M | 5.144M | |
Diluted Shares Outstanding | 5.231M | 5.225M |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $58.06M | $44.75M | $46.69M |
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 | $14.77M | $14.22M | $14.29M |
YoY Change | 3.87% | 27.28% | 25.92% |
Goodwill | |||
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 | $879.6M | $831.4M | $824.4M |
YoY Change | 5.8% | 12.84% | 10.59% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.800M | $8.500M | $7.500M |
YoY Change | -8.24% | 10.39% | 11.94% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $8.400M | $8.900M | $13.10M |
YoY Change | -5.62% | 2.3% | 29.7% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $7.800M | $8.500M | $7.500M |
YoY Change | -8.24% | 10.39% | 11.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $10.30M | $10.30M | $10.30M |
YoY Change | 0.0% | 0.0% | 0.0% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $10.30M | $10.30M | $10.30M |
YoY Change | 0.0% | 0.0% | 0.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.800M | $8.500M | $7.500M |
Total Long-Term Liabilities | $10.30M | $10.30M | $10.30M |
Total Liabilities | $789.3M | $758.7M | $757.5M |
YoY Change | 4.04% | 11.65% | 9.82% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $78.46M | $65.82M | $62.01M |
YoY Change | 19.2% | 23.88% | 24.37% |
Common Stock | $7.425M | $7.070M | $6.944M |
YoY Change | 5.02% | 8.25% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $90.23M | $72.71M | $66.93M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $879.6M | $831.4M | $824.4M |
YoY Change | 5.8% | 12.84% | 10.59% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 | 2018 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.316M | $3.818M | $3.570M |
YoY Change | -13.15% | 16.4% | 213.16% |
Depreciation, Depletion And Amortization | $350.0K | $360.0K | $290.0K |
YoY Change | -2.78% | 44.0% | 16.0% |
Cash From Operating Activities | $7.143M | $6.906M | $3.190M |
YoY Change | 3.43% | 138.71% | 14.34% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $410.0K | $202.0K | -$790.0K |
YoY Change | 102.97% | 296.08% | 163.33% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.580M | -$8.920M | -$38.65M |
YoY Change | -59.87% | -38.53% | 26.27% |
Cash From Investing Activities | -$3.994M | -$9.125M | -$39.45M |
YoY Change | -56.23% | -37.32% | 27.63% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $7.967M | 286.0K | 47.69M |
YoY Change | 2685.66% | -102.56% | 237.75% |
NET CHANGE | |||
Cash From Operating Activities | $7.143M | 6.906M | 3.190M |
Cash From Investing Activities | -$3.994M | -9.125M | -39.45M |
Cash From Financing Activities | $7.967M | 286.0K | 47.69M |
Net Change In Cash | $11.12M | -1.933M | 11.43M |
YoY Change | -675.06% | -91.54% | -181.64% |
FREE CASH FLOW | |||
Cash From Operating Activities | $7.143M | $6.906M | $3.190M |
Capital Expenditures | $410.0K | $202.0K | -$790.0K |
Free Cash Flow | $6.733M | $6.704M | $3.980M |
YoY Change | 0.43% | 135.89% | 28.8% |
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33017000 | |
CY2020Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
1000 | |
CY2019Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
215000 | |
CY2020Q1 | us-gaap |
Deposits
Deposits
|
762886000 | |
CY2019Q4 | us-gaap |
Deposits
Deposits
|
747324000 | |
CY2020Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
348000 | |
CY2019Q1 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
355000 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.64 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.74 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.63 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.73 | |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
6000 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3000 | |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
10000 | |
CY2019Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
0 | |
CY2020Q1 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
||
CY2019Q4 | us-gaap |
Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
|
||
CY2020Q1 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
618510000 | |
CY2019Q4 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
614013000 | |
CY2020Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
|
7650000 | |
CY2019Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
|
7089000 | |
CY2020Q1 | us-gaap |
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
|
154000 | |
CY2019Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
|
154000 | |
CY2020Q1 | us-gaap |
Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
|
621496000 | |
CY2019Q4 | us-gaap |
Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
|
617474000 | |
CY2020Q1 | us-gaap |
Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
|
2247000 | |
CY2019Q4 | us-gaap |
Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
|
2244000 | |
CY2019Q1 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
0 | |
CY2020Q1 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
0 | |
CY2020Q1 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1012000 | |
CY2019Q4 | us-gaap |
Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
|
1016000 | |
CY2019Q1 | us-gaap |
Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
|
0 | |
CY2020Q1 | us-gaap |
Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
|
0 | |
CY2020Q1 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
2310000 | |
CY2019Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
2050000 | |
CY2020Q1 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
5233000 | |
CY2019Q4 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
5705000 | |
CY2020Q1 | us-gaap |
Foreclosed Assets
ForeclosedAssets
|
707000 | |
CY2019Q4 | us-gaap |
Foreclosed Assets
ForeclosedAssets
|
707000 | |
CY2020Q1 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
464000 | |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
|
244000 | |
CY2020Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
||
CY2019Q1 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-61000 | |
CY2020Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
0 | |
CY2019Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
0 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
2256000 | |
CY2019Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
1352000 | |
CY2019 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
1777000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
15000 | |
CY2019Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
18000 | |
CY2019 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
62000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
0 | |
CY2019Q1 | us-gaap |
Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
|
0 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
2247000 | |
CY2019Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
2244000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
154000 | |
CY2019Q4 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
154000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
2355000 | |
CY2019Q4 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
2399000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
1709000 | |
CY2019Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
1705000 | |
CY2020Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
538000 | |
CY2019Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
539000 | |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1449000 | |
CY2020Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
||
CY2019Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
||
CY2020Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
726000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
994000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
533000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
627000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
|
-466000 | |
CY2019Q1 | us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
180000 | |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
4560000 | |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
5267000 | |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1244000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
|
-2349000 | |
CY2020Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
9599000 | |
CY2019Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
9826000 | |
CY2020Q1 | us-gaap |
Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
|
952000 | |
CY2019Q1 | us-gaap |
Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
|
1137000 | |
CY2020Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
8540000 | |
CY2019Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
8510000 | |
CY2020Q1 | us-gaap |
Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
|
426511000 | |
CY2019Q4 | us-gaap |
Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
|
415705000 | |
CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
378000 | |
CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
440000 | |
CY2020Q1 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
259000 | |
CY2019Q1 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
297000 | |
CY2020Q1 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
116000 | |
CY2019Q1 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
140000 | |
CY2020Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
3000 | |
CY2019Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
3000 | |
CY2020Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
8471000 | |
CY2019Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
8986000 | |
CY2020Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
9221000 | |
CY2019Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
9386000 | |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
383000 | |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
434000 | |
CY2020Q1 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
14023000 | |
CY2019Q4 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
14373000 | |
CY2020Q1 | us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
221000 | |
CY2020Q1 | us-gaap |
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
|
10310000 | |
CY2019Q4 | us-gaap |
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust
JuniorSubordinatedDebentureOwedToUnconsolidatedSubsidiaryTrust
|
10310000 | |
CY2020Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
3529000 | |
CY2019Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
3200000 | |
CY2020Q1 | us-gaap |
Liabilities
Liabilities
|
789344000 | |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
780686000 | |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
879571000 | |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
865191000 | |
CY2020Q1 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
7804000 | |
CY2019Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
7243000 | |
CY2018Q4 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
6958000 | |
CY2019Q1 | us-gaap |
Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
|
7067000 | |
CY2020Q1 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
623743000 | |
CY2019Q4 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
619718000 | |
CY2019Q4 | us-gaap |
Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
|
0 | |
CY2020Q1 | us-gaap |
Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
|
0 | |
CY2020Q1 | us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
33000 | |
CY2019Q1 | us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
26000 | |
CY2020Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
619487000 | |
CY2019Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
616036000 | |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font: inherit;">1.</div> </div><div style="display: inline; font-weight: bold;">THE BUSINESS OF PLUMAS BANCORP</div></div> <div style=" margin: 0pt 0pt 0pt 36pt; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </div> <div style=" margin: 0pt; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">During <div style="display: inline; font-style: italic; font: inherit;">2002,</div> Plumas Bancorp (the "Company") was incorporated as a bank holding company for the purpose of acquiring Plumas Bank (the "Bank") in a <div style="display: inline; font-style: italic; font: inherit;">one</div> bank holding company reorganization. This corporate structure gives the Company and the Bank greater flexibility in terms of operation, expansion and diversification. The Company formed Plumas Statutory Trust I ("Trust I") for the sole purpose of issuing trust preferred securities on <div style="display: inline; font-style: italic; font: inherit;"> September 26, 2002. </div>The Company formed Plumas Statutory Trust II ("Trust II") for the sole purpose of issuing trust preferred securities on <div style="display: inline; font-style: italic; font: inherit;"> September 28, 2005.</div></div> <div style=" margin: 0pt; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </div> <div style=" margin: 0pt; text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt;">The Bank operates <div style="display: inline; font-style: italic; font: inherit;">eleven</div> branches in California, including branches in Alturas, Chester, Fall River Mills, Greenville, Kings Beach, Portola, Quincy, Redding, Susanville, Tahoe City, and Truckee. In <div style="display: inline; font-style: italic; font: inherit;"> December 2015 </div>the Bank opened a branch in Reno, Nevada; its <div style="display: inline; font-style: italic; font: inherit;">first</div> branch outside of California and in <div style="display: inline; font-style: italic; font: inherit;">2018</div> the Bank purchased a branch located in Carson City, Nevada. The Bank’s administrative headquarters is in Quincy, California. In addition, the Bank operates a lending office specializing in government-guaranteed lending in Auburn, California, and commercial/agricultural lending offices in Chico California and Klamath Falls, Oregon. The Bank's primary source of revenue is generated from providing loans to customers who are predominately small and middle market businesses and individuals residing in the surrounding areas.</div></div> | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7967000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
286000 | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3994000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9125000 | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7143000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
6906000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3316000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3818000 | |
CY2020Q1 | us-gaap |
Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
|
336375000 | |
CY2019Q4 | us-gaap |
Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
|
331619000 | |
CY2020Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
6136000 | |
CY2019Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
5684000 | |
CY2020Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
2225000 | |
CY2019Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
1965000 | |
CY2020Q1 | us-gaap |
Noninterest Income Other
NoninterestIncomeOther
|
517000 | |
CY2019Q1 | us-gaap |
Noninterest Income Other
NoninterestIncomeOther
|
558000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
3254000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
2599000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
961000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
768000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1831000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2293000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
||
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
||
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
||
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
||
CY2020Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
3254000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
2599000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
961000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
768000 | |
CY2020Q1 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
107000 | |
CY2019Q1 | us-gaap |
Other Interest And Dividend Income
OtherInterestAndDividendIncome
|
179000 | |
CY2020Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
1742000 | |
CY2019Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
1626000 | |
CY2020Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
4081000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
3500000 | |
CY2020Q1 | us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
6823000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
9801000 | |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
410000 | |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
202000 | |
CY2020Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
380000 | |
CY2019Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
||
CY2020Q1 | us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
-7630000 | |
CY2019Q1 | us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
-4148000 | |
CY2020Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
6822000 | |
CY2019Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
4211000 | |
CY2020Q1 | us-gaap |
Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
|
118000 | |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
|
167000 | |
CY2020Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
10495000 | |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
6048000 | |
CY2020Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
35000 | |
CY2019Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
76000 | |
CY2020Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14774000 | |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
14629000 | |
CY2020Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
750000 | |
CY2019Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
400000 | |
CY2019 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
1500000 | |
CY2020Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
78460000 | |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
75144000 | |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
705000 | |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
650000 | |
CY2020Q1 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
8383000 | |
CY2019Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
16013000 | |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
78000 | |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
50000 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.26 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
5.92 | |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
76000 | |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
35000 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
90227000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
84505000 | |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
66932000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
72707000 | |
CY2020Q1 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
3548000 | |
CY2019Q4 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
3561000 | |
CY2020Q1 | us-gaap |
Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
|
104500000 | |
CY2019Q4 | us-gaap |
Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
|
111400000 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5231000 | |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5225000 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5171000 | |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5144000 |