HV Bancorp, Inc. (HVBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2005 SOUTH EASTON ROAD, SUITE 304
DOYLESTOWN, PA 18901
State of Incorp. PA
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)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,780121,288415,09020,73414,74528,577
Cash and cash equivalents16,280120,788414,59020,23414,74528,577
Short-term investments500500500500  
Prepaid expense    414254171
Total current assets:16,780121,288415,09021,14814,99928,748
Noncurrent Assets
Operating lease, right-of-use asset7,8418,6697,685
Property, plant and equipment2,6023,1602,8342,2541,8731,835
Total noncurrent assets:10,44311,82910,5192,2541,8731,835
Other undisclosed assets588,534427,007435,998320,793280,890186,182
TOTAL ASSETS:615,757560,124861,607344,195297,762216,765
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6717333,7925,7702,888
Total current liabilities:6717333,7925,7702,888
Noncurrent Liabilities
Other undisclosed liabilities573,597517,471822,647307,723261,271182,436
Total liabilities:573,664517,488822,680311,515267,041185,324
Equity
Equity, attributable to parent42,09342,63638,92732,68030,72131,441
Common stock232323232322
Treasury stock, value(1,855)(1,483)(1,092)(3)  
Additional paid in capital22,01121,32421,01120,61120,36820,369
Accumulated other comprehensive income (loss)(3,266)(148)23870(648)(111)
Retained earnings27,02324,79320,74114,15613,27713,547
Unearned esop shares(1,843)(1,873)(1,994)(2,177)(2,299)(2,386)
Total equity:42,09342,63638,92732,68030,72131,441
TOTAL LIABILITIES AND EQUITY:615,757560,124861,607344,195297,762216,765

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
6/30/2019
6/30/2018
6/30/2017
Revenues29,10131,42726,99613,37711,06111,197
Gain on disposition of assets for financial service operations6,49214,85313,3152,7893,467
Net investment income22,60916,57413,68110,5887,5945,460
Financial services revenue 5,737
Cost of revenue (553)(1,108)(611)(266)(201)
Provision for loan, lease, and other losses (553)(1,108)(611)(266)
Financial services costs (201)
Gross profit:29,10130,87425,88812,76610,79510,996
Operating expenses(5,295)(5,293)(4,284)(2,639)(2,324)(7,315)
Other operating income, net
(Noninterest Income, Other Operating Income)
729377195111410
Operating income:24,53525,95821,79910,1388,4853,691
Nonoperating income23614915315915198
Bank owned life insurance income236149153159154110
Interest and debt expense(4,033)(2,213)(3,143)(2,927)(1,351)(891)
Income from continuing operations before equity method investments, income taxes:20,73823,89418,8097,3707,2852,898
Other undisclosed loss from continuing operations before income taxes(17,933)(18,378)(10,837)(6,297)(6,271)(2,134)
Income from continuing operations before income taxes:2,8055,5167,9721,0731,014764
Income tax expense(575)(1,464)(2,204)(194)(244)(195)
Income from continuing operations:2,2304,0525,768879770569
Income before gain (loss) on sale of properties:4,0525,768879770569
Net income available to common stockholders, diluted:2,2304,0525,768879770569

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
6/30/2019
6/30/2018
6/30/2017
Net income:2,2304,0525,768879770569
Other comprehensive income (loss)(3,118)(386)256718(486)(104)
Comprehensive income (loss), net of tax, attributable to parent:(888)3,6666,0241,597284465

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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