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FIRST PRIORITY FINANCIAL CORP. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
2 WEST LIBERTY BOULEVARD MALVERN, PA 19355 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 8,257 | 4,761 | 5,909 | 7,866 | 11,248 | |||
| Cash and cash equivalent | 8,257 | 4,761 | 5,909 | 7,866 | 11,248 | |||
| Total current assets: | 8,257 | 4,761 | 5,909 | 7,866 | 11,248 | |||
| Noncurrent Assets | ||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,607 | 1,755 | 2,033 | 2,369 | 2,533 | |||
| Intangible asset, including goodwill, after accumulated amortization | 2,894 | 2,960 | 3,035 | 3,122 | 3,219 | |||
| Goodwill | 2,725 | 2,725 | 2,725 | 2,725 | 2,725 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 169 | 235 | 310 | 397 | 494 | |||
| Total noncurrent assets: | 4,501 | 4,715 | 5,068 | 5,491 | 5,752 | |||
| Other undisclosed assets | 597,184 | 588,319 | 535,563 | 478,954 | 429,088 | |||
| TOTAL ASSETS: | 609,942 | 597,795 | 546,540 | 492,311 | 446,088 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Debt | 3,000 | 7,000 | 59,725 | 51,472 | 33,625 | |||
| Total current liabilities: | 3,000 | 7,000 | 59,725 | 51,472 | 33,625 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 18,231 | 21,207 | 24,201 | |||||
| Long-term debt, excluding current maturities | 18,231 | 21,207 | 24,201 | |||||
| Total noncurrent liabilities: | 18,231 | 21,207 | 24,201 | |||||
| Other undisclosed liabilities | 538,215 | 521,542 | 410,523 | 390,628 | 370,071 | |||
| Total liabilities: | 559,446 | 549,749 | 494,449 | 442,100 | 403,696 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 50,496 | 48,046 | 52,091 | 50,211 | 42,392 | |||
| Common stock | 6,578 | 6,530 | 6,492 | 6,447 | 6,439 | |||
| Additional paid in capital | 40,843 | 40,629 | 40,327 | 40,045 | 39,780 | |||
| Accumulated other comprehensive income (loss) | (6) | (42) | 236 | (6) | (1,197) | |||
| Accumulated deficit | (323) | (2,475) | (4,368) | (5,679) | (12,025) | |||
| Other undisclosed equity, attributable to parent | 3,404 | 3,404 | 9,404 | 9,404 | 9,395 | |||
| Total equity: | 50,496 | 48,046 | 52,091 | 50,211 | 42,392 | |||
| TOTAL LIABILITIES AND EQUITY: | 609,942 | 597,795 | 546,540 | 492,311 | 446,088 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 24,637 | 22,349 | 20,210 | 19,160 | |||
| Net investment income | 24,053 | 21,246 | 19,510 | 18,647 | |||
| Cost of revenue (Financial Services Costs) | (385) | (710) | (610) | (1,132) | (645) | ||
| Gross profit: | 24,252 | 21,639 | 19,600 | 18,028 | (645) | ||
| Operating expenses | (12,070) | (11,775) | (11,430) | (12,892) | (8,680) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 387 | 364 | 371 | 350 | 372 | ||
| Operating income (loss): | 12,569 | 10,228 | 8,541 | 5,486 | (8,953) | ||
| Nonoperating income (expense) | 70 | 78 | 84 | 173 | (3) | ||
| Investment income, nonoperating | 51 | ||||||
| Gains (losses) on sales of other real estate | 29 | (3) | |||||
| Bank owned life insurance income | 70 | 78 | 84 | 93 | |||
| Interest and debt expense | (5,849) | (4,530) | (3,325) | (2,872) | (3,149) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,790 | 5,776 | 5,300 | 2,787 | (12,105) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,331) | (2,348) | (2,253) | (364) | 12,334 | ||
| Income from continuing operations before income taxes: | 4,459 | 3,428 | 3,047 | 2,423 | 229 | ||
| Income tax expense (benefit) | (2,001) | (1,128) | (935) | 4,502 | (33) | ||
| Income from continuing operations: | 2,458 | 2,300 | 2,112 | 6,925 | 196 | ||
| Income before gain (loss) on sale of properties: | 2,458 | 2,300 | 2,112 | 6,925 | 196 | ||
| Net income attributable to parent: | 2,458 | 2,300 | 2,112 | 6,925 | 196 | ||
| Preferred stock dividends and other adjustments | (306) | (407) | (801) | (579) | (532) | ||
| Net income (loss) available to common stockholders, diluted: | 2,152 | 1,893 | 1,311 | 6,346 | (336) | ||
Comprehensive Income ($ in thousands)
| 3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 2,458 | 2,300 | 2,112 | 6,925 | 196 | ||
| Other comprehensive income (loss) | 36 | (278) | 242 | 1,191 | |||
| Comprehensive income, net of tax, attributable to parent: | 2,494 | 2,022 | 2,354 | 8,116 | 196 | ||
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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