Coastal Financial Corporation (CCB) financial statements (2022 and earlier)

Company profile

Business Address 2817 COLBY AVENUE
EVERETT, WA 98201
State of Incorp. WA
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments813163128126
Cash and cash equivalents813163128126
Total current assets:813163128126
Noncurrent Assets
Operating lease, right-of-use asset678
Property, plant and equipment17171313
Deferred income tax assets743
Total noncurrent assets:30282413
Other undisclosed assets1,7921,575976813
TOTAL ASSETS:2,6361,7661,129952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1  0
Taxes payable1  0
Debt1000
Total current liabilities:3000
Noncurrent Liabilities
Other undisclosed liabilities2,4321,6261,004843
Total liabilities:2,4341,6261,004843
Stockholders' equity
Stockholders' equity attributable to parent201140124109
Common stock122888786
Accumulated other comprehensive income (loss)00(0)(1)
Retained earnings79523724
Total stockholders' equity:201140124109
TOTAL LIABILITIES AND EQUITY:2,6361,7661,129952

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues83634838
Net investment income83634838
Cost of revenue(12)(9)(3)(2)
Cost of goods and services sold(2)(1)(1)(1)
Provision for loan, lease, and other losses(10)(8)(3)(2)
Gross profit:72534536
Operating expenses(9)(9)(8)(7)
Operating income:62453729
Nonoperating income
(Investment Income, Nonoperating)
0011
Interest and debt expense(4)(6)(7)(4)
Income from continuing operations before equity method investments, income taxes:59393126
Other undisclosed loss from continuing operations before income taxes(24)(20)(15)(14)
Income from continuing operations before income taxes:34191712
Income tax expense(7)(4)(3)(3)
Net income available to common stockholders, diluted:27151310

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:27151310
Comprehensive income:27151310
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)01(0)
Comprehensive income, net of tax, attributable to parent:27151410

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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