XENITH BANKSHARES, INC. Financial Statements (2024 and earlier)

Company Profile

Business Address ONE JAMES CENTER
RICHMOND, VA 23219
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 126,99463,746103,61962,301101,217
Cash and cash equivalents 126,99463,746103,61962,301101,217
Disposal group, including discontinued operation 9,900    
Total current assets: 136,89463,746103,61962,301101,217
Noncurrent Assets
Property, plant and equipment 56,99652,24563,51967,14678,657
Intangible assets, net (including goodwill) 30,718 8421,4372,410
Goodwill 26,931    
Intangible assets, net (excluding goodwill) 3,787 8421,4372,410
Total noncurrent assets: 87,71452,24564,36168,58381,067
Other undisclosed assets 3,042,5841,949,9491,820,6261,819,3881,871,808
TOTAL ASSETS: 3,267,1922,065,9401,988,6061,950,2722,054,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 2,803,5541,775,3191,791,1091,766,4261,869,369
Total liabilities: 2,803,5541,775,3191,791,1091,766,4261,869,369
Equity
Equity, attributable to parent 463,181290,108196,997183,398183,501
Common stock 2311,7111,7061,7031,703
Additional paid in capital 710,916590,417588,692587,424586,347
Accumulated other comprehensive income (loss) (2,428)5602,134(865)6,837
Accumulated deficit (245,538)(302,580)(395,535)(404,864)(411,386)
Equity, attributable to noncontrolling interest 4575135004481,222
Total equity: 463,638290,621197,497183,846184,723
TOTAL LIABILITIES AND EQUITY: 3,267,1922,065,9401,988,6061,950,2722,054,092

Income Statement (P&L) ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 93,06296,12919,69720,872 
Revenue, net   19,69720,872 
Net investment income 85,51368,281   
Financial services revenue 7,54927,848   
Cost of revenue
(Financial Services Costs)
 (11,329) (218)(1,000)(14,994)
Gross profit: 81,73396,12919,47919,872(14,994)
Operating expenses (63,786)(60,516)(42,981)(47,166)(41,233)
Operating income (loss): 17,94735,613(23,502)(27,294)(56,227)
Nonoperating income (expense) 1,4921,2454,4703,668(21,030)
Gains (losses) on sales of other real estate   360356(22,650)
Bank owned life insurance income 1,4921,2454,1103,3121,620
Interest and debt expense (15,548)(12,933)(12,298)(13,402)(17,278)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (8,105)(21,541)41,13642,69370,805
Income (loss) from continuing operations before income taxes: (4,214)2,3849,8065,665(23,730)
Income tax expense (benefit) 59,72892,312(6)902,182
Income (loss) from continuing operations: 55,51494,6969,8005,755(21,548)
Income (loss) before gain (loss) on sale of properties: 58,70994,6969,8005,755(21,548)
Income from discontinued operations 3,195    
Net income (loss): 58,70994,6969,8005,755(21,548)
Net loss attributable to noncontrolling interest  (1,741)(471)(1,679)(3,543)
Other undisclosed net loss attributable to parent (1,667)    
Net income (loss) available to common stockholders, diluted: 57,04292,9559,3294,076(25,091)

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 58,70994,6969,8005,755(21,548)
Other comprehensive income (loss) (2,988)(1,574)2,999(7,702)460
Comprehensive income (loss): 55,72193,12212,799(1,947)(21,088)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (1,741)4711,6793,543
Other undisclosed comprehensive loss, net of tax, attributable to parent (1,667) (942)(3,358)(7,086)
Comprehensive income (loss), net of tax, attributable to parent: 54,05491,38112,328(3,626)(24,631)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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