Greer Bancshares Inc (GRBS) Financial Statements (2024 and earlier)

Company Profile

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

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,78112,5585,9297,96311,68512,642
Cash and cash equivalents9,78112,5585,9297,96311,68512,642
Prepaid expense   245   
Disposal group, including discontinued operation      
Other current assets   470   
Total current assets:9,78112,5586,6447,96311,68512,642
Noncurrent Assets
Property, plant and equipment4,3604,4184,4444,5304,6044,688
Deferred tax assets, net3,9765,1456,6285,9945,469 
Total noncurrent assets:8,3369,56311,07210,52410,0734,688
Other undisclosed assets345,179340,307341,179346,581346,695340,926
TOTAL ASSETS:363,296362,428358,895365,068368,453358,256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt15,000 2,00027  
Total current liabilities:15,000 2,00027  
Noncurrent Liabilities
Other undisclosed liabilities323,694338,286330,562338,267341,979334,764
Total liabilities:338,694338,286332,562338,294341,979334,764
Equity
Equity, attributable to parent, including:24,60224,14226,33326,77426,47423,492
Common stock12,43312,43312,43312,43312,43312,433
Additional paid in capital3,7813,7803,7793,7773,7743,771
Accumulated other comprehensive income (loss)(960)(2,965)(4,530)(3,279)(2,719)773
Retained earnings (accumulated deficit)3,9853,5514,1693,3952,570(3,868)
Other undisclosed equity, attributable to parent 5,3637,34310,48210,44810,41610,383
Total equity:24,60224,14226,33326,77426,47423,492
TOTAL LIABILITIES AND EQUITY:363,296362,428358,895365,068368,453358,256

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues3,438     
Net investment income3,291     
Gross profit:3,438     
Operating expenses(1,757)(1,341)(1,331)(1,318)(1,342)(1,490)
Other operating income, net
(Noninterest Income, Other Operating Income)
485346586448493446
Operating income (loss):2,166(295)(745)(870)851(1,044)
Nonoperating income (expense)   248  (31)
Losses on sales of other real estate      (31)
Interest and debt expense(635)(646)(667)(690)(705)(743)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(679)2,9942,0682,4302,3692,689
Income from continuing operations before income taxes:8522,0539048702,515871
Income tax expense (benefit)(260)(693)(96)(13)3,956(46)
Income from continuing operations:5921,3608088576,471825
Income before gain (loss) on sale of properties:5921,3608088576,471825
Net income attributable to parent:5921,3608088576,471825
Preferred stock dividends and other adjustments(158)(207)(193)(189)(186)(184)
Net income available to common stockholders, diluted:4341,1536156686,285641

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net income:5921,3608088576,471825
Comprehensive income:5921,3608088576,471825
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,0051,565(1,251)(559)(3,493)(276)
Comprehensive income (loss), net of tax, attributable to parent:2,5972,925(443)2982,978549

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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