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)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,87431,44043,01032,55736,16550,11730,498
Cash and cash equivalents42,09430,56142,25931,94035,41649,40430,498
Short-term investments780879751617749713 
Total current assets:42,87431,44043,01032,55736,16550,11730,498
Noncurrent Assets
Operating lease, right-of-use asset333375 
Property, plant and equipment8,8408,8958,9356,0936,1546,2586,360
Intangible assets, net (including goodwill)8,1648,2498,39440475664
Goodwill5,7175,6655,355    
Intangible assets, net (excluding goodwill)2,4472,5843,03940475664
Total noncurrent assets:17,33717,51917,3296,1336,2016,3146,424
Other undisclosed assets562,324568,464560,940436,414422,805414,423409,688
TOTAL ASSETS:622,535617,423621,279475,104465,171470,854446,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation9,8149,7939,7739,7539,7339,7139,695
Long-term debt, excluding current maturities9,8149,7939,7739,7539,7339,7139,695
Total noncurrent liabilities:9,8149,7939,7739,7539,7339,7139,695
Other undisclosed liabilities541,285537,733544,128415,090406,484412,940407,536
Total liabilities:551,099547,526553,901424,843416,217422,653417,231
Stockholders' equity
Stockholders' equity attributable to parent71,43669,89767,37850,26148,95448,20129,379
Common stock23,26423,25423,24217,89217,89217,89211,652
Additional paid in capital36,37136,37036,39225,21125,21225,21413,017
Accumulated other comprehensive income (loss)938837126(549)(911)(751)(626)
Retained earnings10,8639,4367,6187,2816,3355,4204,910
Warrants and rights outstanding   426426426426
Total stockholders' equity:71,43669,89767,37850,26148,95448,20129,379
TOTAL LIABILITIES AND EQUITY:622,535617,423621,279475,104465,171470,854446,610

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues
(Net Investment Income)
6,8856,9206,5705,2765,0364,8464,578
Cost of revenue (76)(77)9(75)(88)(252)
Provision for loan, lease, and other losses (76)(77)9(75)(88) 
Financial services costs(252)
Gross profit:6,8856,8446,4935,2854,9614,7584,326
Operating expenses(1,455)(977)(2,650)(911)(795)(934)(2,536)
Other operating income, net
(Noninterest Income, Other Operating Income)
1191411810 
Operating income:5,4415,8763,8574,3854,1743,8341,790
Nonoperating income
(Bank Owned Life Insurance Income)
666766494949 
Interest and debt expense(1,614)(1,548)(1,422)(1,233)(1,176)(1,155)(1,060)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,970)(2,060)(2,091)(1,951)(1,832)(2,027)19
Income from continuing operations before income taxes:1,9232,3354101,2501,215701749
Income tax expense(496)(517)(73)(304)(300)(191)(168)
Net income available to common stockholders, diluted:1,4271,818337946915510581

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income:1,4271,818337946915510581
Other comprehensive income (loss)101711675362(160)(125)(337)
Comprehensive income, net of tax, attributable to parent:1,5282,5291,0121,308755385244

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.

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