$PMHG
Prime Meridian Holding Co

2018 Q2 Form 10-Q Financial Statement

#000119312518243559 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $3.912M $3.174M
YoY Change 23.25% 19.68%
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 $140.0K $120.0K
YoY Change 16.67% -29.41%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.330M $1.177M
YoY Change 13.0% 30.06%
Income Tax $328.0K $412.0K
% Of Pretax Income 24.66% 35.0%
Net Earnings $1.002M $765.0K
YoY Change 30.98% 31.44%
Net Earnings / Revenue 25.61% 24.1%
Basic Earnings Per Share $0.32 $0.30
Diluted Earnings Per Share $0.32 $0.30
COMMON SHARES
Basic Shares Outstanding 3.124M 2.590M shares
Diluted Shares Outstanding 3.126M 2.593M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $32.43M $40.79M
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 $4.828M $5.012M
YoY Change -3.67% 18.74%
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 $381.0M $339.3M
YoY Change 12.3% 24.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.200M $1.600M
YoY Change -25.0% 23.08%
Total Long-Term Liabilities $1.200M $1.600M
YoY Change -25.0% 23.08%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $1.200M $1.600M
Total Liabilities $333.1M $293.8M
YoY Change 13.37% 19.57%
SHAREHOLDERS EQUITY
Retained Earnings $10.73M $7.724M
YoY Change 38.9% 45.54%
Common Stock $38.13M $37.76M
YoY Change 0.97% 84.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $47.94M $45.47M
YoY Change
Total Liabilities & Shareholders Equity $381.0M $339.3M
YoY Change 12.3% 24.76%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $1.002M $765.0K
YoY Change 30.98% 31.44%
Depreciation, Depletion And Amortization $140.0K $120.0K
YoY Change 16.67% -29.41%
Cash From Operating Activities -$470.0K -$240.0K
YoY Change 95.83% -76.47%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$40.00K
YoY Change -50.0% -76.47%
Acquisitions
YoY Change
Other Investing Activities -$11.81M -$17.05M
YoY Change -30.73% 19.23%
Cash From Investing Activities -$11.84M -$17.09M
YoY Change -30.72% 18.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.56M 22.93M
YoY Change -1.61% 205.33%
NET CHANGE
Cash From Operating Activities -470.0K -240.0K
Cash From Investing Activities -11.84M -17.09M
Cash From Financing Activities 22.56M 22.93M
Net Change In Cash 10.25M 5.600M
YoY Change 83.04% -170.18%
FREE CASH FLOW
Cash From Operating Activities -$470.0K -$240.0K
Capital Expenditures -$20.00K -$40.00K
Free Cash Flow -$450.0K -$200.0K
YoY Change 125.0% -76.47%

Facts In Submission

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CY2017Q4 us-gaap Preferred Stock Shares Authorized
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CY2017Q4 us-gaap Preferred Stock Value
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CY2017Q4 us-gaap Preferred Stock Shares Issued
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CY2017Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
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CY2017Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
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CY2017Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
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CY2017Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2017Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
20718000
CY2017Q4 us-gaap Tier One Leverage Capital
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CY2017Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
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CY2017Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
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CY2017Q4 us-gaap Tier One Risk Based Capital
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CY2017Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
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CY2017Q4 pmhg Common Equity Tier One Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2017Q4 pmhg Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
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us-gaap Bank Owned Life Insurance Income
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us-gaap Impaired Financing Receivable Average Recorded Investment
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us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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us-gaap Interest And Dividend Income Securities
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Occupancy Net
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
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334000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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PaymentsToAcquireAvailableForSaleSecurities
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us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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us-gaap Revenues Excluding Interest And Dividends
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us-gaap Sale Of Stock Consideration Received On Transaction
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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pmhg Accumulated Other Comprehensive Loss Net Change In Unrealized Gain Loss On Securities Available For Sale Net Of Tax Benefit
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pmhg Provisions Credit For Loan And Lease Losses
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dei Entity Central Index Key
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dei Entity Registrant Name
EntityRegistrantName
Prime Meridian Holding Co
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PMHG
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2589921 shares
CY2017Q2 pmhg Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
120000
CY2017Q2 pmhg Software Maintenance Amortization And Other Non Interest Expense
SoftwareMaintenanceAmortizationAndOtherNonInterestExpense
133000
CY2018Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2018Q2 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
10000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
921000
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2018Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
38000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1330000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
328000
CY2018Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
287000
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3912000
CY2018Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
500000
CY2018Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
3257000
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3412000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2428 shares
CY2018Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
3543000
CY2018Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1218000
CY2018Q2 us-gaap Marketing Expense
MarketingExpense
133000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1002000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1002000
CY2018Q2 us-gaap Noninterest Expense
NoninterestExpense
2241000
CY2018Q2 us-gaap Noninterest Income
NoninterestIncome
314000
CY2018Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
82000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
1002000
CY2018Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-27000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-81000
CY2018Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
110000
CY2018Q2 us-gaap Occupancy Net
OccupancyNet
226000
CY2018Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-108000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-108000
CY2018Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
370000
CY2018Q2 us-gaap Professional Fees
ProfessionalFees
97000
CY2018Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
155000
CY2018Q2 us-gaap Revenues Excluding Interest And Dividends
RevenuesExcludingInterestAndDividends
105000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3126022 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3123594 shares
CY2018Q2 pmhg Allowance For Loan And Lease Loss Recovery And Write Off
AllowanceForLoanAndLeaseLossRecoveryAndWriteOff
1000
CY2018Q2 pmhg Provisions Credit For Loan And Lease Losses
ProvisionsCreditForLoanAndLeaseLosses
155000
CY2018Q2 pmhg Software Maintenance Amortization And Other Non Interest Expense
SoftwareMaintenanceAmortizationAndOtherNonInterestExpense
159000

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