Carolina Trust BancShares, Inc. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
901 EAST MAIN STREET LINCOLNTON, NC 28092 |
| State of Incorp. | NC |
| 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)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 32,557 | 9,056 | 45,733 | |||
| Cash and cash equivalents | 31,940 | 9,056 | 27,647 | |||
| Short-term investments | 617 | 18,086 | ||||
| Restricted cash and investments | 3,300 | |||||
| Total current assets: | 32,557 | 9,056 | 49,033 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 6,093 | 6,466 | 6,388 | |||
| Intangible assets, net (including goodwill) | 40 | 73 | 117 | |||
| Intangible assets, net (excluding goodwill) | 40 | 73 | 117 | |||
| Total noncurrent assets: | 6,133 | 6,539 | 6,505 | |||
| Other undisclosed assets | 436,414 | 391,023 | 319,379 | |||
| TOTAL ASSETS: | 475,104 | 406,618 | 374,917 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 9,753 | 9,676 | 9,605 | |||
| Long-term debt, excluding current maturities | 9,753 | 9,676 | 9,605 | |||
| Total noncurrent liabilities: | 9,753 | 9,676 | 9,605 | |||
| Other undisclosed liabilities | 415,090 | 367,823 | 336,279 | |||
| Total liabilities: | 424,843 | 377,499 | 345,884 | |||
| Equity | ||||||
| Equity, attributable to parent | 50,261 | 29,119 | 29,033 | |||
| Common stock | 17,892 | 11,645 | 11,627 | |||
| Additional paid in capital | 25,211 | 13,008 | 12,988 | |||
| Accumulated other comprehensive loss | (549) | (732) | (249) | |||
| Retained earnings | 7,281 | 4,772 | 4,241 | |||
| Warrants and rights outstanding | 426 | 426 | 426 | |||
| Total equity: | 50,261 | 29,119 | 29,033 | |||
| TOTAL LIABILITIES AND EQUITY: | 475,104 | 406,618 | 374,917 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Revenues | 19,736 | 16,766 | 15,456 | ||
| Net investment income | 19,736 | 16,534 | 15,213 | ||
| Cost of revenue | (406) | (704) | |||
| Provision for loan, lease, and other losses | (406) | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | (704) | ||
| Gross profit: | 19,330 | 16,062 | 15,456 | ||
| Operating expenses | (3,313) | (9,896) | (9,624) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 35 | 32 | 93 | ||
| Operating income: | 16,052 | 6,198 | 5,925 | ||
| Nonoperating income (Bank Owned Life Insurance Income) | 196 | 199 | |||
| Interest and debt expense | (4,624) | (3,479) | (2,872) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (7,709) | (920) | (835) | ||
| Income from continuing operations before income taxes: | 3,915 | 1,998 | 2,218 | ||
| Income tax expense | (963) | (1,594) | (877) | ||
| Income from continuing operations: | 2,952 | 404 | 1,341 | ||
| Income before gain (loss) on sale of properties: | 2,952 | 404 | 1,341 | ||
| Net income: | 2,952 | 404 | 1,341 | ||
| Net loss attributable to noncontrolling interest | (222) | ||||
| Net income available to common stockholders, diluted: | 2,952 | 404 | 1,119 | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|
| Net income: | 2,952 | 404 | 1,341 | ||
| Other comprehensive loss | (260) | (356) | (33) | ||
| Comprehensive income: | 2,692 | 48 | 1,308 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (222) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 222 | ||||
| Comprehensive income, net of tax, attributable to parent: | 2,692 | 48 | 1,308 | ||
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.