Greer Bancshares Inc (GRBS) financial statements (2022 and earlier)

Company profile

Business Address 1111 W POINSETT ST
GREER, SC 29650
State of Incorp. SC
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments5,92910,251
Cash and cash equivalents5,92910,251
Prepaid expense245
Prepaid expense and other current assets781
Other current assets470
Total current assets:6,64411,032
Noncurrent Assets
Property, plant and equipment4,4444,663
Deferred tax assets, net6,628 
Total noncurrent assets:11,0724,663
Other undisclosed assets341,179345,014
TOTAL ASSETS:358,895360,709
Current Liabilities
Total current liabilities:2,000 
Noncurrent Liabilities
Other undisclosed liabilities330,562337,769
Total liabilities:332,562337,769
Stockholders' equity
Stockholders' equity attributable to parent, including:26,33322,490
Common stock12,43312,433
Additional paid in capital3,7793,768
Accumulated other comprehensive income (loss)(4,530)1,049
Retained earnings (accumulated deficit)4,169(4,662)
Other undisclosed stockholders' equity attributable to parent10,4829,902
Other undisclosed stockholders' equity 450
Total stockholders' equity:26,33322,940

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

Operating expenses(5,578)(5,491)
Other operating income, net
(Noninterest Income, Other Operating Income)
Operating loss:(1,905)(3,560)
Nonoperating income (expense)143(199)
Losses on sales of other real estate(161)(516)
Bank owned life insurance income304317
Interest and debt expense(2,805)(4,030)
Other undisclosed income from continuing operations before equity method investments, income taxes9,72712,914
Income from continuing operations before income taxes:5,1605,125
Income tax expense (benefit)3,801(216)
Net income attributable to parent:8,9614,909
Preferred stock dividends and other adjustments(752)(723)
Net income available to common stockholders, diluted:8,2094,186

Comprehensive Income ($ in thousands)

Net income:8,9614,909
Comprehensive income:8,9614,909
Other undisclosed comprehensive loss, net of tax, attributable to parent(5,579)(655)
Comprehensive income, net of tax, attributable to parent:3,3824,254

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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