NEW BANCORP INC (NWBB) Financial Statements (2024 and earlier)

Company Profile

Business Address 45 NORTH WHITTAKER STREET
NEW BUFFALO, MI 49117
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2018
MRQ
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 15,7939,8578,810
Cash and cash equivalents 15,7939,8578,810
Total current assets: 15,7939,8578,810
Noncurrent Assets
Inventory, real estate  586245
Property, plant and equipment 1,8941,9342,024
Total noncurrent assets: 1,8942,5202,269
Other undisclosed assets 109,19290,84183,966
TOTAL ASSETS: 126,879103,21895,045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt 2,1002,400 
Due to related parties 2,1002,400 
Total noncurrent liabilities: 2,1002,400 
Other undisclosed liabilities 109,42786,24979,971
Total liabilities: 111,52788,64979,971
Temporary equity, carrying amount 16073 
Equity
Equity, attributable to parent, including: 15,19214,49615,030
Common stock 777
Additional paid in capital 5,8275,7615,754
Retained earnings 9,9909,3029,836
Unearned esop shares (472)(501)(523)
Other undisclosed equity, attributable to parent (160)(73)(44)
Other undisclosed equity   44
Total equity: 15,19214,49615,074
TOTAL LIABILITIES AND EQUITY: 126,879103,21895,045

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

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
Revenues 6,2594,3953,908
Net investment income 4,4323,4243,230
Financial services revenue1,827971678
Cost of revenue
(Financial Services Costs)
 (70)  
Gross profit: 6,1894,3953,908
Operating expenses (4,002)(3,749)(2,919)
Other operating income, net
(Noninterest Income, Other Operating Income)
 223723
Operating income: 2,2096831,012
Nonoperating income 186192139
Gains (losses) on sales of other real estate 1521(27)
Bank owned life insurance income 171171166
Interest and debt expense (1,015)(721)(733)
Income from continuing operations: 1,380154418
Income before gain (loss) on sale of properties: 1,380154418
Net income: 1,380154418
Other undisclosed net loss attributable to parent (692)(688)(591)
Net income (loss) available to common stockholders, diluted: 688(534)(173)

Comprehensive Income ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
Net income: 1,380154418
Comprehensive income: 1,380154418
Other undisclosed comprehensive loss, net of tax, attributable to parent   (591)
Comprehensive income (loss), net of tax, attributable to parent: 1,380154(173)

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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