Salisbury Bancorp, Inc. (SAL) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
5 BISSELL ST LAKEVILLE, CT 06039-1868 |
| State of Incorp. | CT |
| 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)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 50,539 | 175,335 | 93,162 | 26,885 | 58,445 | 48,486 | |||
| Cash and cash equivalent | 50,539 | 175,335 | 93,162 | 26,885 | 58,445 | 48,486 | |||
| Receivables | (8,895) | (7,831) | (6,776) | ||||||
| Asset, held-for-sale, not part of disposal group | 2,684 | 2,735 | 332 | 669 | |||||
| Total current assets: | 50,539 | 178,019 | 95,897 | 18,322 | 50,614 | 42,379 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,503 | ✕ | ✕ | ||||||
| Operating lease, right-of-use asset | 1,360 | ✕ | ✕ | ||||||
| Inventory, real estate | |||||||||
| Nontrade receivables | 6,797 | 6,260 | 6,373 | 3,415 | 3,148 | 2,665 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 22,148 | 22,625 | 20,355 | 17,385 | 18,175 | 16,401 | |||
| Long-term investments and receivables | 79,047 | ||||||||
| Long-term investments | 79,047 | ||||||||
| Intangible asset, including goodwill, after accumulated amortization | 14,042 | 14,233 | 14,489 | 14,810 | 15,198 | 15,652 | |||
| Goodwill | 13,815 | 13,815 | 13,815 | 13,815 | 13,815 | 13,815 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 227 | 418 | 674 | 995 | 1,383 | 1,837 | |||
| Regulated entity, other noncurrent assets | 469 | 1 | 117 | 141 | |||||
| Total noncurrent assets: | 43,456 | 43,119 | 41,334 | 38,614 | 36,521 | 113,765 | |||
| Other undisclosed assets | 1,447,587 | 1,308,046 | 1,156,429 | 1,055,512 | 1,034,419 | 830,840 | |||
| TOTAL ASSETS: | 1,541,582 | 1,529,184 | 1,293,660 | 1,112,448 | 1,121,554 | 986,984 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 702 | 779 | 771 | 765 | 992 | 966 | |||
| Employee-related liabilities | ✕ | ✕ | 779 | 771 | 765 | 992 | 966 | ||
| Accrued liabilities | 702 | ||||||||
| Debt | 46,118 | 47,863 | 31,536 | 71,881 | 71,258 | 56,090 | |||
| Total current liabilities: | 46,820 | 48,642 | 32,307 | 72,646 | 72,250 | 57,056 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 358 | 403 | 446 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 358 | 403 | 446 | ||||||
| Total noncurrent liabilities: | 358 | 403 | 446 | ||||||
| Other undisclosed liabilities | 1,366,407 | 1,343,942 | 1,136,601 | 925,789 | 945,442 | 831,968 | |||
| Total liabilities: | 1,413,227 | 1,392,584 | 1,168,908 | 998,793 | 1,018,095 | 889,470 | |||
| Commitments and contingencies | 800 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 128,355 | 136,600 | 124,752 | 113,655 | 103,459 | 97,514 | |||
| Common stock | 281 | ||||||||
| Additional paid in capital | 47,466 | 46,374 | 45,264 | 44,490 | 43,770 | 42,998 | |||
| Deferred compensation equity | (1,144) | (925) | (774) | (795) | (711) | (606) | |||
| Accumulated other comprehensive income (loss) | (20,725) | 870 | 3,004 | 1,357 | (220) | 179 | |||
| Retained earnings | 102,178 | 89,995 | 76,974 | 68,320 | 60,339 | 54,664 | |||
| Other undisclosed equity, attributable to parent | 580 | 286 | 284 | 283 | 279 | ||||
| Other undisclosed equity | (800) | ||||||||
| Total equity: | 127,555 | 136,600 | 124,752 | 113,655 | 103,459 | 97,514 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,541,582 | 1,529,184 | 1,293,660 | 1,112,448 | 1,121,554 | 986,984 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 54,319 | 48,621 | 46,230 | 46,679 | 43,228 | 42,789 | ||
| Net investment income | 49,140 | 43,825 | 43,139 | 42,510 | 39,439 | 35,036 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,753 | |
| Cost of revenue | (140) | (5,038) | (1,006) | (1,776) | (1,189) | |||
| Provision for loan, lease, and other losses | (5,038) | (955) | (1,728) | ✕ | ||||
| Amortization of mortgage servicing rights (msrs) | (140) | (51) | (48) | (169) | ||||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (1,020) | |
| Gross profit: | 54,179 | 48,621 | 41,192 | 45,673 | 41,452 | 41,600 | ||
| Operating expenses | (26,051) | (23,776) | (21,372) | (21,097) | (22,019) | (20,675) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 109 | 107 | 125 | 124 | 152 | 483 | ||
| Operating income: | 28,237 | 24,952 | 19,945 | 24,700 | 19,585 | 21,408 | ||
| Nonoperating income (expense) | 717 | 556 | 495 | (16) | 403 | 1,717 | ||
| Gains (losses) on sales of other real estate | (408) | (275) | 1,717 | |||||
| Bank owned life insurance income | 717 | 556 | 495 | 392 | 678 | |||
| Interest and debt expense | (4,972) | (3,448) | (5,288) | (9,301) | (7,221) | (4,238) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (4,569) | (1,320) | (759) | (1,888) | (2,234) | (9,717) | ||
| Income from continuing operations before income taxes: | 19,413 | 20,740 | 14,393 | 13,495 | 10,533 | 9,170 | ||
| Income tax expense | (3,539) | (4,267) | (2,453) | (2,359) | (1,709) | (2,914) | ||
| Income from continuing operations: | 15,874 | 16,473 | 11,940 | 11,136 | 8,824 | 6,256 | ||
| Income before gain (loss) on sale of properties: | ✕ | 16,473 | 11,940 | 11,136 | 8,824 | 6,256 | ||
| Net income attributable to parent: | 15,874 | 16,473 | 11,940 | 11,136 | 8,824 | 6,256 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (276) | (248) | (165) | (160) | (111) | (55) | ||
| Net income available to common stockholders, basic: | 15,598 | 16,225 | 11,775 | 10,976 | 8,713 | 6,201 | ||
| Dilutive securities, effect on basic earnings per share | 5,696 | 2,836 | 2,806 | 2,794 | 2,780 | 2,774 | ||
| Net income available to common stockholders, diluted: | 21,294 | 19,061 | 14,581 | 13,770 | 11,493 | 8,975 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 15,874 | 16,473 | 11,940 | 11,136 | 8,824 | 6,256 | ||
| Other comprehensive income (loss) | (21,595) | (2,134) | 1,647 | 1,577 | (415) | (298) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,721) | 14,339 | 13,587 | 12,713 | 8,409 | 5,958 | ||
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.