Cincinnati Bancorp, Inc. (CNNB) Financial Statements (2024 and earlier)

Company Profile

Business Address 6581 HARRISON AVENUE
CINCINNATI, OH 45247
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 21,85232,34837,735
Cash and cash equivalents 21,85232,34837,735
Receivables 16,80019,6003,900
Total current assets: 38,65251,94841,635
Noncurrent Assets
Property, plant and equipment 3,4893,4883,354
Total noncurrent assets: 3,4893,4883,354
Other undisclosed assets 209,323181,698196,812
TOTAL ASSETS: 251,464237,134241,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 1,091906 
Deferred income tax liabilities 1,091906 
Total noncurrent liabilities: 1,091906 
Other undisclosed liabilities 207,474194,724217,720
Total liabilities: 208,564195,630217,720
Temporary equity, carrying amount   244
Equity
Equity, attributable to parent 42,90041,50423,837
Common stock 293030
Additional paid in capital 22,95423,2667,530
Accumulated other comprehensive loss (334)(292)(291)
Retained earnings 21,82220,17317,018
Unearned esop shares (1,571)(1,674)(449)
Total equity: 42,90041,50423,837
TOTAL LIABILITIES AND EQUITY: 251,464237,134241,802

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Revenues 16,86017,47910,627
Gain on disposition of assets for financial service operations 8,7629,5172,121
Net investment income 8,0977,9628,506
Cost of revenue (137)(399)(143)
Cost of goods and services sold (137)(134)(118)
Provision for loan, lease, and other losses  (265)(25)
Gross profit: 16,72317,08010,484
Operating expenses (1,856)(1,421)(1,312)
Operating income: 14,86715,6599,172
Nonoperating income (expense) (233)354105
Investment income, nonoperating (233)354 
Gains on sales of other real estate   105
Interest and debt expense (1,569)(2,595)(2,904)
Income from continuing operations before equity method investments, income taxes: 13,06613,4176,373
Other undisclosed loss from continuing operations before income taxes (10,969)(9,442)(5,487)
Income from continuing operations before income taxes: 2,0973,976886
Income tax expense (448)(820)(88)
Income from continuing operations: 1,6493,156798
Income before gain (loss) on sale of properties:1,6493,156798
Net income attributable to parent: 1,6493,156798
Undistributed earnings (loss) allocated to participating securities, basic (31)(29)(7)
Net income available to common stockholders, diluted: 1,6173,127791

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
Net income: 1,6493,156798
Other comprehensive loss (42)(1)(39)
Comprehensive income, net of tax, attributable to parent: 1,6063,155760

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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