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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments813670283204163182174
Cash and cash equivalents813670283204163182174
Total current assets:813670283204163182174
Noncurrent Assets
Operating lease, right-of-use asset6677778
Property, plant and equipment17171717171717
Deferred income tax assets7444433
Total noncurrent assets:30272828282727
Other undisclosed assets1,7921,7541,6971,7971,5751,5401,478
TOTAL ASSETS:2,6362,4522,0072,0291,7661,7501,679
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1      
Taxes payable1      
Debt1000000
Total current liabilities:3000000
Noncurrent Liabilities
Other undisclosed liabilities2,4322,2901,8531,8831,6261,6141,548
Total liabilities:2,4342,2901,8531,8831,6261,6141,548
Stockholders' equity
Stockholders' equity attributable to parent201161154147140135131
Common stock122898988888787
Accumulated other comprehensive income0000000
Retained earnings79726558524844
Total stockholders' equity:201161154147140135131
TOTAL LIABILITIES AND EQUITY:2,6362,4522,0072,0291,7661,7501,679

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues25201918181615
Net investment income25201918181615
Cost of revenue(9)(1)(1)(1)(3)(2)(2)
Cost of goods and services sold(0)(0)(0)(0)(0)(0)(0)
Provision for loan, lease, and other losses(9)(0)(0)(0)(3)(2)(2)
Gross profit:16191918151413
Operating expenses(3)(3)(1)(3)(2)(2)(2)
Operating income:14161715131211
Nonoperating income
(Investment Income, Nonoperating)
0000000
Interest and debt expense(1)(1)(1)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:13151614121010
Other undisclosed loss from continuing operations before income taxes(4)(7)(7)(6)(6)(5)(5)
Income from continuing operations before income taxes:9998655
Income tax expense(2)(2)(2)(2)(1)(1)(1)
Net income available to common stockholders, diluted:7776544

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:7776544
Comprehensive income:7776544
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:7776544

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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