Northeast Bank (NBN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
500 CANAL ST LEWISTON, ME 04240-6594 |
| State of Incorp. | ME |
| Fiscal Year End | June 30 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2019 MRQ | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 157,402 | 163,283 | 151,157 | 89,850 | 82,259 | 65,934 | |||
| Cash and cash equivalents | 157,402 | 163,283 | 151,157 | 89,850 | 82,259 | 65,934 | |||
| Total current assets: | 157,402 | 163,283 | 151,157 | 89,850 | 82,259 | 65,934 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 6,591 | 6,937 | 7,801 | 8,253 | 9,135 | 10,075 | |||
| Intangible assets, net (including goodwill) | 867 | 1,300 | 1,732 | 2,209 | 2,798 | 3,544 | |||
| Intangible assets, net (excluding goodwill) | 867 | 1,300 | 1,732 | 2,209 | 2,798 | 3,544 | |||
| Total noncurrent assets: | 7,458 | 8,237 | 9,533 | 10,462 | 11,933 | 13,619 | |||
| Other undisclosed assets | 992,876 | 905,354 | 825,463 | 750,518 | 667,739 | 591,086 | |||
| TOTAL ASSETS: | 1,157,736 | 1,076,874 | 986,153 | 850,830 | 761,931 | 670,639 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,349 | 2,984 | 625 | ||||||
| Total current liabilities: | 2,349 | 2,984 | 625 | ||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,019,306 | 954,077 | 869,562 | 735,642 | 646,881 | 556,212 | |||
| Total liabilities: | 1,019,306 | 954,077 | 869,562 | 737,991 | 649,865 | 556,837 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 138,430 | 122,797 | 116,591 | 112,839 | 112,066 | 113,802 | |||
| Additional paid in capital | 77,016 | 77,455 | 83,020 | 85,506 | 90,914 | 92,745 | |||
| Accumulated other comprehensive loss | (1,761) | (1,632) | (1,906) | (1,288) | (1,283) | (1,914) | |||
| Retained earnings | 54,236 | 38,142 | 26,160 | 19,033 | 12,294 | 12,524 | |||
| Other undisclosed equity, attributable to parent | 8,939 | 8,832 | 9,317 | 9,588 | 10,141 | 10,447 | |||
| Total equity: | 138,430 | 122,797 | 116,591 | 112,839 | 112,066 | 113,802 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,157,736 | 1,076,874 | 986,153 | 850,830 | 761,931 | 670,639 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2019 TTM | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 65,713 | 60,307 | 49,646 | 45,640 | ||||
| Net investment income | 64,782 | 56,903 | 46,305 | 43,675 | ||||
| Cost of revenue | (1,410) | (1,594) | (1,618) | (717) | (531) | (1,122) | ||
| Provision for loan, lease, and other losses | (1,410) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | (1,594) | (1,618) | (717) | (531) | (1,122) | ||
| Gross profit: | 64,303 | 58,713 | 48,028 | 44,923 | (531) | (1,122) | ||
| Operating expenses | (11,040) | (32,676) | (29,855) | (30,351) | (21,448) | (23,202) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 84 | 219 | 60 | 29 | 55 | 82 | ||
| Operating income (loss): | 53,347 | 26,256 | 18,233 | 14,601 | (21,924) | (24,242) | ||
| Nonoperating income | 441 | 454 | 449 | 868 | 514 | 718 | ||
| Gains on sales of other real estate | 428 | 63 | ||||||
| Bank owned life insurance income | 441 | 454 | 449 | 440 | 451 | 718 | ||
| Interest and debt expense | (12,584) | (10,096) | (7,855) | (7,220) | (6,653) | (6,596) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 41,204 | 16,614 | 10,827 | 8,249 | (28,063) | (30,120) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (18,007) | 3,524 | 896 | 2,887 | 32,342 | 36,485 | ||
| Income from continuing operations before income taxes: | 23,197 | 20,138 | 11,723 | 11,136 | 4,279 | 6,365 | ||
| Income tax expense | (7,031) | (7,799) | (4,104) | (3,995) | (1,579) | (1,945) | ||
| Income from continuing operations: | 16,166 | 12,339 | 7,619 | 7,141 | 2,700 | 4,420 | ||
| Income before gain (loss) on sale of properties: | 16,166 | 12,339 | 7,619 | 7,141 | 2,704 | 4,420 | ||
| Income from discontinued operations | 4 | |||||||
| Net income: | 16,166 | 12,339 | 7,619 | 7,141 | 2,704 | 4,420 | ||
| Other undisclosed net loss attributable to parent | (12) | |||||||
| Net income attributable to parent: | 16,166 | 12,339 | 7,619 | 7,141 | 2,692 | 4,420 | ||
| Preferred stock dividends and other adjustments | (355) | |||||||
| Net income available to common stockholders, diluted: | 16,166 | 12,339 | 7,619 | 7,141 | 2,692 | 4,065 | ||
Comprehensive Income ($ in thousands)
| 3/31/2019 TTM | 6/30/2018 | 6/30/2017 | 6/30/2016 | 6/30/2015 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 16,166 | 12,339 | 7,619 | 7,141 | 2,704 | 4,420 | ||
| Other comprehensive income (loss) | 274 | (618) | (5) | 631 | (2,072) | |||
| Comprehensive income: | 16,166 | 12,613 | 7,001 | 7,136 | 3,335 | 2,348 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 154 | (12) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 16,320 | 12,613 | 7,001 | 7,136 | 3,323 | 2,348 | ||
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.