HCSB Financial Corp (HCFB) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
5009 BROAD STREET LORIS, SC 29569 |
| State of Incorp. | SC |
| 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)
| 3/31/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 25,429 | 22,137 | 28,527 | 28,081 | 46,600 | |||
| Cash and cash equivalent | 25,429 | 22,137 | 28,527 | 28,081 | 46,600 | |||
| Prepaid expense | 478 | 406 | 736 | 471 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 603 | ||
| Total current assets: | 25,907 | 22,543 | 29,263 | 28,552 | 47,203 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 14,314 | 15,917 | 20,292 | 20,802 | 21,694 | |||
| Other noncurrent assets | 599 | 533 | 508 | 321 | ✕ | |||
| Total noncurrent assets: | 14,913 | 16,450 | 20,800 | 21,123 | 21,694 | |||
| Other undisclosed assets | 335,114 | 322,540 | 371,508 | 384,911 | 400,099 | |||
| TOTAL ASSETS: | 375,934 | 361,533 | 421,571 | 434,586 | 468,996 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Debt | 1,983 | 1,716 | 1,612 | |||||
| Total current liabilities: | 1,983 | 1,716 | 1,612 | |||||
| Noncurrent Liabilities | ||||||||
| Other undisclosed liabilities | 338,624 | 372,067 | 431,206 | 451,028 | 480,758 | |||
| Total liabilities: | 340,607 | 373,783 | 432,818 | 451,028 | 480,758 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 35,327 | (12,250) | (11,247) | (16,442) | (11,762) | |||
| Preferred stock | 12,895 | 12,895 | 12,771 | 12,572 | ||||
| Common stock | 38 | 38 | 37 | 37 | ||||
| Additional paid in capital | 68,411 | 30,220 | 30,214 | 30,224 | 30,224 | |||
| Accumulated other comprehensive income (loss) | (3,259) | (1,608) | (845) | (6,273) | 170 | |||
| Accumulated deficit | (34,783) | (54,807) | (54,561) | (54,213) | (55,777) | |||
| Warrants and rights outstanding | 1,012 | 1,012 | 1,012 | 1,012 | ||||
| Other undisclosed equity, attributable to parent | 4,958 | |||||||
| Total equity: | 35,327 | (12,250) | (11,247) | (16,442) | (11,762) | |||
| TOTAL LIABILITIES AND EQUITY: | 375,934 | 361,533 | 421,571 | 434,586 | 468,996 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 13,122 | 15,625 | 17,447 | 155 | |||
| Net investment income | 12,316 | 13,675 | 16,035 | ||||
| Financial services revenue | 806 | 1,950 | 1,412 | (10) | 155 | ||
| Cost of revenue | (174) | (186) | (1,263) | (10,738) | |||
| Cost of product and service sold | (174) | (186) | (202) | (208) | |||
| Financial services costs | (1,061) | (10,530) | |||||
| Gross profit: | 12,948 | 15,439 | 16,184 | (10,583) | |||
| Operating expenses | (9,062) | (7,732) | (9,487) | (9,750) | (8,029) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 136 | 341 | 334 | 390 | 262 | ||
| Operating income (loss): | 4,022 | 8,048 | 7,031 | (8,077) | (18,350) | ||
| Nonoperating income | 216 | 232 | 1,209 | ||||
| Investment income, nonoperating | 216 | 232 | 269 | ||||
| Bank owned life insurance income | 940 | ||||||
| Interest and debt expense | 16,143 | (4,454) | (5,054) | (5,301) | (6,261) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (13,525) | (4,045) | (3,399) | 15,141 | 15,084 | ||
| Income (loss) from continuing operations before income taxes: | 6,856 | (219) | (213) | 1,763 | (9,527) | ||
| Income tax expense | (610) | (27) | (78) | ||||
| Income (loss) from continuing operations: | 6,246 | (246) | (291) | 1,763 | (9,527) | ||
| Income (loss) before gain (loss) on sale of properties: | 6,246 | (246) | (291) | 1,763 | (9,527) | ||
| Net income (loss) attributable to parent: | 6,246 | (246) | (291) | 1,763 | (9,527) | ||
| Preferred stock dividends and other adjustments | (1,512) | (1,055) | (653) | (652) | |||
| Other undisclosed net income (loss) available to common stockholders, basic | 13,778 | (57) | (199) | (217) | |||
| Net income (loss) available to common stockholders, basic: | 20,024 | (1,758) | (1,403) | 911 | (10,396) | ||
| Dilutive securities, effect on basic earnings per share | 5,791,304 | ||||||
| Net income (loss) available to common stockholders, diluted: | 5,811,328 | (1,758) | (1,403) | 911 | (10,396) | ||
Comprehensive Income ($ in thousands)
| 3/31/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,246 | (246) | (291) | 1,763 | (9,527) | ||
| Other comprehensive income (loss) | (1,651) | (763) | 5,428 | (6,443) | 2,981 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,595 | (1,009) | 5,137 | (4,680) | (6,546) | ||
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.