Independence Bancshares Inc (IEBS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
500 E. WASHINGTON STREET GREENVILLE, SC 29602 |
| 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)Annual | Quarterly
| 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 investments | 14,661 | 12,590 | 13,275 | 21,690 | 19,218 | 22,493 | |||
| Cash and cash equivalent | 12,161 | 10,090 | 10,775 | 11,217 | 8,746 | 11,906 | |||
| Short-term investments | 2,500 | 2,500 | 2,500 | 10,472 | 10,472 | 10,588 | |||
| Total current assets: | 14,661 | 12,590 | 13,275 | 21,690 | 19,218 | 22,493 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,006 | 2,032 | 2,026 | 2,044 | 2,111 | 2,153 | |||
| Total noncurrent assets: | 2,006 | 2,032 | 2,026 | 2,044 | 2,111 | 2,153 | |||
| Other undisclosed assets | 73,117 | 75,973 | 75,149 | 70,256 | 71,179 | 68,474 | |||
| TOTAL ASSETS: | 89,784 | 90,595 | 90,449 | 93,990 | 92,509 | 93,120 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 45 | 78 | 114 | 62 | 49 | 41 | |||
| Total current liabilities: | 45 | 78 | 114 | 62 | 49 | 41 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 80,651 | 81,218 | 80,391 | 82,567 | 80,747 | 80,659 | |||
| Total liabilities: | 80,696 | 81,296 | 80,505 | 82,629 | 80,796 | 80,700 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,089 | 9,299 | 9,944 | 11,361 | 11,712 | 12,420 | |||
| Additional paid in capital | 43,054 | 43,054 | 43,054 | 43,054 | 43,054 | 43,049 | |||
| Accumulated other comprehensive income (loss) | (8) | (6) | (8) | 267 | 258 | 185 | |||
| Accumulated deficit | (34,162) | (33,954) | (33,306) | (32,165) | (31,804) | (31,019) | |||
| Other undisclosed equity, attributable to parent | 205 | 205 | 205 | 205 | 205 | 205 | |||
| Total equity: | 9,089 | 9,299 | 9,944 | 11,361 | 11,712 | 12,420 | |||
| TOTAL LIABILITIES AND EQUITY: | 89,784 | 90,595 | 90,449 | 93,990 | 92,509 | 93,120 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 961 | 882 | 1,161 | 912 | 922 | 900 | ||
| Net investment income | 898 | 806 | 776 | 821 | 845 | 830 | ||
| Financial services revenue | 63 | 76 | 386 | 91 | 77 | 69 | ||
| Cost of revenue | (191) | (407) | ||||||
| Financial services costs | (191) | |||||||
| Gross profit: | 961 | 691 | 754 | 912 | 922 | 900 | ||
| Operating expenses | (996) | (1,075) | (1,349) | (1,178) | (1,211) | (1,231) | ||
| Operating loss: | (35) | (384) | (594) | (266) | (288) | (331) | ||
| Nonoperating income (expense) (Gains (Losses) on Sales of Other Real Estate) | 3 | (46) | (164) | 15 | (355) | (9) | ||
| Interest and debt expense | (93) | (84) | (82) | (85) | (80) | (79) | ||
| Loss from continuing operations before equity method investments, income taxes: | (125) | (514) | (840) | (335) | (724) | (419) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (83) | (134) | (301) | (26) | (61) | 119 | ||
| Loss from continuing operations before income taxes: | (208) | (648) | (1,141) | (361) | (785) | (300) | ||
| Other undisclosed income from continuing operations | 945 | |||||||
| Loss from continuing operations: | (208) | (648) | (197) | (361) | (785) | (300) | ||
| Loss before gain (loss) on sale of properties: | (208) | (648) | (197) | (361) | (785) | (300) | ||
| Net loss: | (208) | (648) | (197) | (361) | (785) | (300) | ||
| Other undisclosed net loss attributable to parent | (945) | |||||||
| Net loss available to common stockholders, diluted: | (208) | (648) | (1,141) | (361) | (785) | (300) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 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 loss: | (208) | (648) | (197) | (361) | (785) | (300) | ||
| Other comprehensive income (loss) | 2 | (275) | 71 | |||||
| Comprehensive loss: | (208) | (645) | (472) | (361) | (785) | (229) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3) | (945) | 10 | 73 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (210) | (645) | (1,417) | (351) | (712) | (229) | ||
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.