Carver Bancorp Inc. (CARV) Financial Statements (2024 and earlier)

Company Profile

Business Address 75 W 125TH ST
NEW YORK, NY 10027-4512
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,55262,11876,53948,41431,682134,558
Cash and cash equivalents42,55261,01875,59147,54031,228134,558
Short-term investments  1,100948874454 
Total current assets:42,55262,11876,53948,41431,682134,558
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization19951121182
Operating lease, right-of-use asset12,31113,63715,34417,614
Property, plant and equipment3,1743,7754,6115,3775,0562,970
Total noncurrent assets:15,68417,46320,07623,1735,0562,970
Other undisclosed assets664,988655,733580,133507,183526,975556,382
TOTAL ASSETS:723,224735,314676,748578,770563,713693,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,8372,9861,6772,7022,5713,939
Total current liabilities:3,8372,9861,6772,7022,5713,939
Noncurrent Liabilities
Long-term debt and lease obligation  2,500    
Long-term debt, excluding current maturities  2,500    
Liabilities, other than long-term debt      537
Deferred gain on sale of property      537
Total noncurrent liabilities:  2,500   537
Other undisclosed liabilities674,163674,741622,770527,174514,006637,463
Total liabilities:678,000680,227624,447529,876516,577641,939
Commitments and contingencies 4,09015,3744,10913,0124,9867,105
Equity
Equity, attributable to parent, including:45,22455,08752,30148,89447,13651,971
Treasury stock, value(2,908)(2,908)(2,908)(408)(417)(417)
Additional paid in capital82,80582,16575,20455,47655,51455,479
Accumulated other comprehensive income (loss)(12,215)(6,662)(3,175)932(939)(2,726)
Accumulated deficit(47,904)(43,503)(42,656)(52,285)(52,201)(45,544)
Other undisclosed equity, attributable to parent25,44625,99525,83645,17945,17945,179
Other undisclosed equity (4,090)(15,374)(4,109)(13,012)(4,986)(7,105)
Total equity:41,13439,71348,19235,88242,15044,866
TOTAL LIABILITIES AND EQUITY:723,224735,314676,748578,770563,713693,910

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

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues25,18021,33518,55219,02519,49922,200
Net investment income25,07321,33518,55218,95919,47021,917
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (603) (19) (135)
Other undisclosed gross profit      
Gross profit:25,18020,73218,55219,00619,49922,065
Operating expenses(505)(505)(160)(244) (48)
Other operating expense, net
(Other Expenses)
      (3,341)
Operating income:24,67520,22718,39218,76219,49918,676
Nonoperating income1,3682,8039538681,252917
Investment income, nonoperating1,3682,8039538681,252680
Gains on sales of other real estate      237
Interest and debt expense(4,911)(2,399)(4,420)(5,631)(6,141)(5,280)
Income from continuing operations before equity method investments, income taxes:21,13220,63114,92513,99914,61014,313
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:21,13220,63114,92513,99914,61014,313
Income tax expense (benefit)     (133)33
Income from continuing operations:21,13220,63114,92513,99914,47714,346
Income before gain (loss) on sale of properties:20,63114,92513,99914,47714,346
Net income:21,13220,63114,92513,99914,47714,346
Other undisclosed net loss attributable to parent(25,533)(21,478)(18,821)(19,422)(20,413)(8,992)
Net income (loss) attributable to parent:(4,401)(847)(3,896)(5,423)(5,936)5,354
Undistributed earnings (loss) allocated to participating securities, basic      
Other undisclosed net loss available to common stockholders, basic      (3,206)
Net income (loss) available to common stockholders, diluted:(4,401)(847)(3,896)(5,423)(5,936)2,148

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income:21,13220,63114,92513,99914,47714,346
Other comprehensive income (loss) (5,553)(3,487)(4,107)1,8711,066(786)
Other undisclosed comprehensive loss      
Comprehensive income:15,57917,14410,81815,87015,54313,560
Other undisclosed comprehensive loss, net of tax, attributable to parent(25,533)(21,478)(18,821)(19,422)(20,413)(8,992)
Comprehensive income (loss), net of tax, attributable to parent:(9,954)(4,334)(8,003)(3,552)(4,870)4,568

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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