Access National Corp (ANCX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1800 ROBERT FULTON DR, SUITE 300
RESTON, VA 20191
State of Incorp. VA
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)

9/30/2018
MRQ
12/31/2017
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, including: 122,31391,05935,88956,02923,41937,941
Cash and cash equivalents   35,88956,02923,41937,941
Short-term investments 92,45881,87324,59846,22515,30222,206
Other undisclosed cash, cash equivalents, and short-term investments 29,8559,186(24,598)(46,225)(15,302)(22,206)
Disposal group, including discontinued operation    45,026  
Total current assets: 122,31391,05935,889101,05523,41937,941
Noncurrent Assets
Property, plant and equipment 27,7977,0846,6896,9268,3898,517
Intangible assets, net (including goodwill) 185,161   
Goodwill 166,549     
Intangible assets, net (excluding goodwill) 18,612     
Total noncurrent assets: 212,9587,0846,6896,9268,3898,517
Other undisclosed assets 2,538,6231,332,5651,135,970944,899815,374817,456
TOTAL ASSETS: 2,873,8941,430,7081,178,5481,052,880847,182863,914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 145,993186,00991,129185,635172,85583,091
Total current liabilities: 145,993186,00991,129185,635172,85583,091
Noncurrent Liabilities
Long-term debt and lease obligation      6,186
Long-term debt, excluding current maturities      6,186
Total noncurrent liabilities:      6,186
Other undisclosed liabilities 2,306,2771,124,169978,281768,341583,193683,370
Total liabilities: 2,452,2701,310,1781,069,410953,976756,048772,647
Equity
Equity, attributable to parent 421,624120,530109,13898,90491,13491,267
Common stock 17,1468,8818,8058,7428,6598,615
Additional paid in capital 307,67021,77919,95318,53817,32017,155
Accumulated other comprehensive income (loss) (1,776)(1,569)(1,005)(544)(1,966)93
Retained earnings 98,58491,43981,38572,16867,12165,404
Total equity: 421,624120,530109,13898,90491,13491,267
TOTAL LIABILITIES AND EQUITY: 2,873,8941,430,7081,178,5481,052,880847,182863,914

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

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 127,57281,81869,73157,80164,02691,510
Net investment income 85,77145,97640,18435,804  
Cost of revenue (8,143)(1,667)(1,605) (2,294)(7,641)
Cost of goods and services sold (1,224)(1,667)(1,605) (1,906)(6,126)
Financial services costs(6,919)   (388)(1,515)
Gross profit: 119,42980,15168,12657,80161,73283,869
Operating expenses (99,095)  (36,291)(43,585)(36,260)
Other operating income (expense), net 10,0145,6685,5293,3846,267(1,675)
Noninterest income, other operating income 10,014     
Other expenses    (10,364)14,58426,433
Operating income: 30,34885,81973,65524,89424,41445,934
Nonoperating income 1,310  332  
Bank owned life insurance income 1,201  332  
Interest and debt expense (11,108)(6,304)(4,119)(3,273)(3,712)(5,165)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 7,927(53,911)(45,940)(443)(261)(12,338)
Income from continuing operations before income taxes: 28,47725,60423,59621,51020,44128,431
Income tax expense (11,977)(9,200)(8,177)(7,585)(7,234)(10,708)
Income from continuing operations: 16,50016,40415,41913,92513,20717,723
Income before gain (loss) on sale of properties: 16,50016,40415,41913,92513,20717,723
Net income: 16,50016,40415,41913,92513,20717,723
Net loss attributable to noncontrolling interest     (13,207)(17,723)
Other undisclosed net income attributable to parent     13,20717,723
Net income available to common stockholders, diluted: 16,50016,40415,41913,92513,20717,723

Comprehensive Income ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 16,50016,40415,41913,92513,20717,723
Other comprehensive income     11,14817,757
Comprehensive income: 16,50016,40415,41913,92524,35535,480
Comprehensive income, net of tax, attributable to noncontrolling interest     13,20717,723
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (207)(564)(461)1,422  
Comprehensive income, net of tax, attributable to parent: 16,29315,84014,95815,34737,56253,203

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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