First South Bancorp Inc (FSBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1311 CAROLINA AVE
WASHINGTON, NC 27889
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,07270,71346,17657,20940,73436,115
Cash and cash equivalents40,07270,71346,17657,20940,73436,115
Total current assets:40,07270,71346,17657,20940,73436,115
Noncurrent Assets
Property, plant and equipment11,15211,57211,29211,60911,67112,144
Intangible assets, net (including goodwill)5,7095,7695,8305,9015,9726,043
Goodwill4,2194,2194,2194,2194,2194,219
Intangible assets, net (excluding goodwill)1,4901,5511,6111,6821,7531,824
Total noncurrent assets:16,86117,34117,12117,51017,64318,187
Other undisclosed assets1,004,446951,370927,405911,077903,102885,806
TOTAL ASSETS:1,061,3791,039,424990,702985,795961,479940,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities969,483950,143903,518897,501874,153855,929
Total liabilities:969,483950,143903,518897,501874,153855,929
Equity
Equity, attributable to parent91,89689,28287,18488,29487,32784,179
Common stock959595959595
Additional paid in capital36,07336,04236,01935,99835,97935,958
Accumulated other comprehensive income2,9062,0441,5094,3495,0113,212
Retained earnings52,82351,10049,56147,85146,24244,915
Total equity:91,89689,28287,18488,29487,32784,179
TOTAL LIABILITIES AND EQUITY:1,061,3791,039,424990,702985,795961,479940,108

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

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Revenues12,28510,9566,62212,82412,56111,846
Net investment income8,7018,2133,8689,2108,9988,672
Financial services revenue3,0282,2642,3303,1363,0962,482
Cost of revenue(485)(89)482(220)(325)(225)
Amortization of mortgage servicing rights (msrs)  (89)(287)   
Financial services costs(485) 769(220)(325)(225)
Gross profit:11,80010,8677,10512,60412,23611,621
Operating expenses(5,928)(5,971)(5,783)(5,879)(5,924)(6,024)
Operating income:5,8724,8971,3216,7256,3125,597
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
(26)828177(14)(12)
Interest and debt expense(1,018)(940)(920)(911)(898)(882)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1,894)(1,388)(5,172)   
Income (loss) from continuing operations before equity method investments, income taxes:2,9342,650(4,690)5,8915,3994,702
Other undisclosed income (loss) from continuing operations before income taxes   7,459(3,049)(3,123)(2,668)
Income from continuing operations before income taxes:2,9342,6502,7692,8422,2772,034
Income tax expense(879)(778)(775)(947)(665)(574)
Income from continuing operations:2,0551,8721,9941,8941,6121,461
Income before gain (loss) on sale of properties:2,0551,8721,9941,8941,6121,461
Net income attributable to parent:2,0551,8721,9941,8941,6121,461
Other undisclosed net income available to common stockholders, basic   6,954,301   
Net income available to common stockholders, diluted:2,0551,8726,956,2951,8941,6121,461

Comprehensive Income ($ in thousands)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Net income:2,0551,8721,9941,8941,6121,461
Other comprehensive income (loss)861535(2,840)(662)1,799764
Comprehensive income (loss), net of tax, attributable to parent:2,9162,407(846)1,2333,4112,225

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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