Atlantic Coast Financial Corp (ACFC) Financial Statements (2024 and earlier)

Company Profile

Business Address 4655 SALISBURY ROAD
JACKSONVILLE, FL 32256
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50,40942,23434,18627,75459,89349,907
Cash and cash equivalents50,40942,23434,18627,75459,89349,907
Deferred tax assets4,1085,8365,6206,4096,7526,440
Total current assets:54,51748,07039,80634,16366,64556,347
Noncurrent Assets
Property, plant and equipment14,17214,36014,58314,73414,94515,018
Total noncurrent assets:14,17214,36014,58314,73414,94515,018
Other undisclosed assets914,567859,505858,194874,590825,869865,528
TOTAL ASSETS:983,256921,935912,583923,487907,459936,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities892,596830,541822,300834,622820,441850,767
Total liabilities:892,596830,541822,300834,622820,441850,767
Equity
Equity, attributable to parent90,66091,39490,28388,86587,01886,126
Common stock156156156156155155
Additional paid in capital100,443100,423100,329100,341100,361100,387
Deferred compensation equity(111)(105)(99)(94)(99)(213)
Accumulated other comprehensive loss(1,438)(1,169)(1,051)(1,268)(1,626)(402)
Accumulated deficit(7,037)(6,532)(7,647)(8,839)(10,316)(12,318)
Unearned esop shares(1,353)(1,379)(1,405)(1,431)(1,457)(1,483)
Total equity:90,66091,39490,28388,86587,01886,126
TOTAL LIABILITIES AND EQUITY:983,256921,935912,583923,487907,459936,893

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

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
Revenues9,4939,0028,8739,4459,1828,788
Net investment income8,9518,3648,0287,4698,2827,961
Financial services revenue5426388451,976900827
Cost of revenue(654)(809)(739)(555)(432)(878)
Cost of goods and services sold(654)(642)(548)(555)(432)(658)
Financial services costs (167)(191)  (220)
Gross profit:8,8398,1938,1348,8908,7507,910
Operating expenses(4,783)(4,583)(4,671)(4,635)(4,312)(4,636)
Other operating income, net
(Noninterest Income, Other Operating Income)
244156217139514425
Operating income:4,3003,7663,6804,3944,9523,699
Nonoperating income
(Bank Owned Life Insurance Income)
118117118117116117
Interest and debt expense(2,134)(1,958)(1,770)(1,516)(1,589)(1,620)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(399)(249)(145)(712)(449)277
Income from continuing operations before income taxes:1,8851,6761,8832,2833,0302,473
Income tax expense(2,501)(561)(691)(806)(1,028)(917)
Income (loss) from continuing operations:(616)1,1151,1921,4772,0021,556
Income (loss) before gain (loss) on sale of properties:(616)1,1151,1921,4772,0021,556
Net income (loss) available to common stockholders, diluted:(616)1,1151,1921,4772,0021,556

Comprehensive Income ($ in thousands)

3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
Net income (loss):(616)1,1151,1921,4772,0021,556
Other comprehensive income (loss)(158)(118)217358(1,224)117
Other undisclosed comprehensive income (loss)616(1,115)(1,192)(1,477)(2,002)(1,556)
Comprehensive income (loss):(158)(118)217358(1,224)117
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(616)1,1151,1921,4772,0021,556
Comprehensive income (loss), net of tax, attributable to parent:(774)9971,4091,8357781,673

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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