Provident Bancorp, Inc. (PVBC) financial statements (2021 and earlier)

Company profile

Business Address 5 MARKET STREET
AMESBURY, MA 01913
State of Incorp. MA
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:28242926482248
Cash and cash equivalents  29  2248
Short-term investments1715 1636  
Other undisclosed cash, cash equivalents, and short-term investments119 1012  
Deferred costs380      
Total current assets:408242926482248
Noncurrent Assets
Property, plant and equipment23211615141411
Total noncurrent assets:23211615141411
Other undisclosed assets600953929874863855844
TOTAL ASSETS:1,031999974915925891902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities899870848793805774786
Total liabilities:899870848793805774786
Stockholders' equity
Stockholders' equity attributable to parent132128126122120117116
Treasury stock, value(1)(1)(1)(1)(1)(1)(1)
Additional paid in capital47464646454545
Deferred compensation equity(3)(3)(3)(3)(3)(3)(3)
Accumulated other comprehensive income (loss)0(0)(0)(1)(0)(0)1
Retained earnings88868381787674
Total stockholders' equity:132128126122120117116
TOTAL LIABILITIES AND EQUITY:1,031999974915925891902

Income statement (P&L) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues12121110101013
Net investment income121211101099
Financial services revenue04
Cost of revenue(1)(1)(1)(1)(1)(0)(1)
Cost of goods and services sold     (0)(1)
Provision for loan, lease, and other losses(1)(1)(1)(1)(1) 
Gross profit:11101099912
Operating expenses(1)(1)(1)(1)(1)(5)(5)
Operating income:10998858
Nonoperating income
(Bank Owned Life Insurance Income)
0000000
Interest and debt expense(2)(2)(2)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:8787747
Other undisclosed loss from continuing operations before income taxes(4)(4)(4)(4)(4)(1)(1)
Income from continuing operations before income taxes:3343336
Income tax expense(1)(1)(1)(1)(1)(1)(4)
Net income available to common stockholders, diluted:3232222

Comprehensive Income ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income:3232222
Other comprehensive income (loss)100(0)(0)(1)(2)
Comprehensive income (loss), net of tax, attributable to parent:323221(0)

Statements sources

The financial statements are based on the company's filings with the 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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