Monarch Financial Holdings Inc (MNRK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1435 CROSSWAYS BOULEVARD CHESAPEAKE, VA 23320 |
| State of Incorp. | VA |
| 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)Annual | Quarterly
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72,583 | 87,520 | 99,543 | 87,107 | |||||
| Cash and cash equivalents | 72,583 | 87,520 | 99,543 | 87,107 | |||||
| Total current assets: | 72,583 | 87,520 | 99,543 | 87,107 | |||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 28,972 | 29,513 | 30,117 | 30,050 | 30,247 | 30,368 | |||
| Intangible assets, net (including goodwill) | 775 | 775 | 775 | 775 | 775 | 775 | |||
| Goodwill | 775 | 775 | 775 | 775 | 775 | 775 | |||
| Total noncurrent assets: | 29,747 | 30,288 | 30,892 | 30,825 | 31,022 | 31,143 | |||
| Other undisclosed assets | 1,059,118 | 1,003,781 | 1,040,239 | 1,060,448 | 1,035,715 | 988,100 | |||
| TOTAL ASSETS: | 1,161,448 | 1,121,590 | 1,170,675 | 1,178,380 | 1,066,737 | 1,019,242 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 495 | 495 | 495 | ||||||
| Investment program, proportional amortization method, elected, commitment | 495 | 495 | 495 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 495 | 495 | 495 | ||||||
| Other undisclosed liabilities | 1,043,726 | 1,005,061 | 1,056,721 | 1,067,349 | 959,200 | 914,019 | |||
| Total liabilities: | 1,043,726 | 1,005,555 | 1,057,215 | 1,067,843 | 959,200 | 914,019 | |||
| Equity | |||||||||
| Equity, attributable to parent | 117,633 | 115,949 | 113,375 | 110,448 | 107,451 | 105,088 | |||
| Common stock | 57,199 | 57,516 | 52,183 | 51,950 | 51,864 | 51,735 | |||
| Additional paid in capital | 17,241 | 16,859 | 8,846 | 8,555 | 8,336 | 7,966 | |||
| Accumulated other comprehensive loss | (157) | (38) | (65) | (14) | (102) | (135) | |||
| Retained earnings | 43,349 | 41,612 | 52,412 | 49,957 | 47,354 | 45,523 | |||
| Equity, attributable to noncontrolling interest | 89 | 85 | 85 | 89 | 86 | 135 | |||
| Total equity: | 117,722 | 116,034 | 113,459 | 110,537 | 107,537 | 105,223 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,161,448 | 1,121,590 | 1,170,675 | 1,178,380 | 1,066,737 | 1,019,242 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,532 | 32,675 | 35,650 | 33,652 | 28,734 | 28,538 | ||
| Net investment income | 10,548 | 10,370 | 10,199 | 9,990 | ||||
| Financial services revenue | 18,034 | 20,163 | 23,042 | 21,848 | ||||
| Cost of revenue (Financial Services Costs) | (250) | (250) | ||||||
| Other undisclosed gross profit | 500 | |||||||
| Gross profit: | 31,032 | 32,675 | 35,400 | 33,402 | 28,734 | 28,538 | ||
| Operating expenses | 86,062 | (27,684) | (30,214) | (28,165) | (24,391) | (24,049) | ||
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | (465) | 114 | 139 | 74 | 72 | 73 | ||
| Operating income: | 116,630 | 5,105 | 5,326 | 5,311 | 4,415 | 4,562 | ||
| Nonoperating income (expense) | (140) | 29 | 87 | 9 | ||||
| Gains (losses) on sales of other real estate | 51 | (39) | 17 | 9 | ||||
| Bank owned life insurance income | (191) | 68 | 69 | |||||
| Interest and debt expense | (790) | (810) | (810) | (737) | (785) | (928) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (110,625) | 697 | 921 | 884 | 626 | 846 | ||
| Income from continuing operations before income taxes: | 5,075 | 4,992 | 5,436 | 5,487 | 4,343 | 4,489 | ||
| Income tax expense | (1,806) | (1,823) | (1,962) | (1,993) | (1,616) | (1,635) | ||
| Income from continuing operations: | 3,270 | 3,169 | 3,475 | 3,493 | 2,727 | 2,854 | ||
| Income before gain (loss) on sale of properties: | 3,270 | 3,169 | 3,475 | 3,493 | 2,727 | 2,854 | ||
| Net income: | 3,270 | 3,169 | 3,475 | 3,493 | 2,727 | 2,854 | ||
| Net loss attributable to noncontrolling interest | (68) | (41) | (51) | (32) | (44) | (46) | ||
| Net income available to common stockholders, diluted: | 3,202 | 3,128 | 3,424 | 3,461 | 2,683 | 2,808 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | 9/30/2014 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,270 | 3,169 | 3,475 | 3,493 | 2,727 | 2,854 | ||
| Other comprehensive income (loss) | (119) | 28 | (51) | 88 | 33 | 24 | ||
| Comprehensive income: | 3,151 | 3,196 | 3,424 | 3,581 | 2,760 | 2,878 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (68) | (41) | (51) | (32) | 44 | 46 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (87) | (92) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 3,083 | 3,155 | 3,373 | 3,549 | 2,716 | 2,832 | ||
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.