Limestone Bancorp, Inc. (LMST) Financial Statements (2024 and earlier)

Company Profile

Business Address 2500 EASTPOINT PARKWAY
LOUISVILLE, KY 40223
State of Incorp. KY
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)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments77,60367,69330,20335,36134,10366,316
Cash and cash equivalents77,60367,69330,20335,36134,10366,316
Total current assets:77,60367,69330,20335,36134,10366,316
Noncurrent Assets
Property, plant and equipment21,57518,53319,65814,65516,78917,848
Intangible assets, net (including goodwill)7,7308,2408,752   
Goodwill6,2526,2526,252   
Intangible assets, net (excluding goodwill)1,4781,9882,500   
Disposal group, including discontinued operation, noncurrent assets 3101,0609001,050  
Deferred income tax assets21,58325,71427,765
Total noncurrent assets:51,19853,54757,07515,70516,78917,848
Other undisclosed assets1,286,8911,191,0621,158,5011,018,626919,909861,013
TOTAL ASSETS:1,415,6921,312,3021,245,7791,069,692970,801945,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 62360,00045,000  
Total current liabilities: 62360,00045,000  
Noncurrent Liabilities
Other undisclosed liabilities1,284,7331,195,6551,080,029932,595898,128912,444
Total liabilities:1,284,7331,196,2781,140,029977,595898,128912,444
Equity
Equity, attributable to parent, including:130,959116,024105,75092,09772,67332,733
Preferred stock     2,7712,771
Common stock 140,639140,639140,639140,639125,729125,729
Additional paid in capital25,62525,01324,50824,28724,49724,097
Accumulated other comprehensive loss(3,536)(2,950)(3,714)(6,628)(5,216)(6,303)
Accumulated deficit(31,769)(46,678)(55,683)(66,201)(75,108)(113,561)
Other undisclosed equity, attributable to parent      
Total equity:130,959116,024105,75092,09772,67332,733
TOTAL LIABILITIES AND EQUITY:1,415,6921,312,3021,245,7791,069,692970,801945,177

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues50,16050,50048,74842,59940,34938,066
Net investment income49,70050,50548,74842,60536,83635,043
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (1,150)(4,400)    
Gross profit:49,01046,10048,74842,59940,34938,066
Operating expenses(4,287)(4,352)(4,927)(4,299)(19,684)(20,505)
Other operating income, net
(Noninterest Income, Other Operating Income)
8907816941,162930868
Operating income:45,61342,52944,51539,46221,59518,429
Nonoperating income717424 509486222
Gains on sales of other real estate 191  7274222
Bank owned life insurance income526424 437412 
Interest and debt expense(5,693)(10,152)(14,234)(9,790)(6,405)(5,981)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (22,172)(19,283)(19,357)(9,122)(15,402)
Income (loss) from continuing operations before equity method investments, income taxes:40,63710,62910,99810,8246,554(2,732)
Other undisclosed loss from continuing operations before income taxes(21,097)     
Income (loss) from continuing operations before income taxes:19,54010,62910,99810,8246,554(2,732)
Income tax expense (benefit)(4,631)(1,624)(480)(2,030)31,899(21)
Income (loss) from continuing operations:14,9099,00510,5188,79438,453(2,753)
Income (loss) before gain (loss) on sale of properties:14,9099,00510,5188,79438,453(2,753)
Net income (loss) attributable to parent:14,9099,00510,5188,79438,453(2,753)
Preferred stock dividends and other adjustments(219)(68)(106)(144)(967)88
Net income (loss) available to common stockholders, diluted:14,6908,93710,4128,65037,486(2,665)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):14,9099,00510,5188,79438,453(2,753)
Other comprehensive income (loss)(586)7642,914(1,299)1,087(2,004)
Comprehensive income (loss), net of tax, attributable to parent:14,3239,76913,4327,49539,540(4,757)

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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