Cullman Bancorp, Inc. (CULL) Financial Statements (2024 and earlier)

Company Profile

Business Address 316 SECOND AVENUE SW
CULLMAN, AL 35055
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,4202,213
Cash and cash equivalents6,4202,213
Total current assets:6,4202,213
Noncurrent Assets
Operating lease, right-of-use asset 117167
Property, plant and equipment10,8519,484
Deferred income tax assets2,1941,323
Other noncurrent assets1,112720
Total noncurrent assets:14,27411,694
Other undisclosed assets402,535340,802
TOTAL ASSETS:423,229354,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt4,9434,394
Other liabilities4,9434,394
Total noncurrent liabilities:4,9434,394
Other undisclosed liabilities318,104250,581
Total liabilities:323,047254,975
Equity
Equity, attributable to parent100,18299,734
Common stock7474
Additional paid in capital50,16149,674
Accumulated other comprehensive income (loss)(3,558)277
Retained earnings56,56153,267
Unearned esop shares(3,056)(3,558)
Total equity:100,18299,734
TOTAL LIABILITIES AND EQUITY:423,229354,709

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues16,02613,321
Net investment income15,71312,909
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(438)(60)
Gross profit:15,58813,261
Operating expenses(864)(711)
Operating income:14,72412,550
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
398
Interest and debt expense(1,365)(1,786)
Income from continuing operations before equity method investments, income taxes:13,39810,772
Other undisclosed loss from continuing operations before income taxes(8,114)(8,678)
Income from continuing operations before income taxes:5,2842,094
Income tax expense(1,101)(344)
Income from continuing operations:4,1831,750
Income before gain (loss) on sale of properties:1,750
Net income attributable to parent:4,1831,750
Undistributed earnings (loss) allocated to participating securities, basic(54)(16)
Net income available to common stockholders, diluted:4,1291,734

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:4,1831,750
Other comprehensive loss(3,835)(265)
Comprehensive income, net of tax, attributable to parent:3481,485

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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