Carolina Trust BancShares, Inc. (CART) financial statements (2022 and earlier)

Company profile

Business Address 901 EAST MAIN STREET
LINCOLNTON, NC 28092
State of Incorp. NC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,5579,05645,733
Cash and cash equivalents31,9409,05627,647
Short-term investments617 18,086
Restricted cash and investments  3,300
Total current assets:32,5579,05649,033
Noncurrent Assets
Property, plant and equipment6,0936,4666,388
Intangible assets, net (including goodwill)4073117
Intangible assets, net (excluding goodwill)4073117
Total noncurrent assets:6,1336,5396,505
Other undisclosed assets436,414391,023319,379
TOTAL ASSETS:475,104406,618374,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation9,7539,6769,605
Long-term debt, excluding current maturities9,7539,6769,605
Total noncurrent liabilities:9,7539,6769,605
Other undisclosed liabilities415,090367,823336,279
Total liabilities:424,843377,499345,884
Stockholders' equity
Stockholders' equity attributable to parent50,26129,11929,033
Common stock17,89211,64511,627
Additional paid in capital25,21113,00812,988
Accumulated other comprehensive loss(549)(732)(249)
Retained earnings7,2814,7724,241
Warrants and rights outstanding426426426
Total stockholders' equity:50,26129,11929,033
TOTAL LIABILITIES AND EQUITY:475,104406,618374,917

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

12/31/2018
12/31/2017
12/31/2016
Revenues19,73616,76615,456
Net investment income19,73616,53415,213
Cost of revenue(406)(704) 
Provision for loan, lease, and other losses(406)
Financial services costs(704) 
Gross profit:19,33016,06215,456
Operating expenses(3,313)(9,896)(9,624)
Other operating income, net
(Noninterest Income, Other Operating Income)
353293
Operating income:16,0526,1985,925
Nonoperating income
(Bank Owned Life Insurance Income)
196199 
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:3,9151,9982,218
Income tax expense(963)(1,594)(877)
Net income:2,9524041,341
Net loss attributable to noncontrolling interest  (222)
Net income available to common stockholders, diluted:2,9524041,119

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
Net income:2,9524041,341
Other comprehensive loss(260)(356)(33)
Comprehensive income:2,692481,308
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:2,692481,308

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: