SB One Bancorp (SBBX) Financial Statements (2024 and earlier)

Company Profile

Business Address 399 RTE 23
FRANKLIN, NJ 07416
State of Incorp. NJ
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)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,72511,7619,95412,70911,9688,594
Cash and cash equivalents9,72511,7619,95412,70911,9688,594
Receivables1,610,9001,547,1391,506,5761,489,2721,451,3351,149,681
Total current assets:1,620,6251,558,9001,516,5301,501,9811,463,3031,158,275
Noncurrent Assets
Operating lease, right-of-use asset4,6444,7345,211 
Property, plant and equipment19,08019,66319,74519,45919,21518,520
Intangible assets, net (including goodwill), including:29,03929,14129,24229,34429,44625,987
Goodwill27,30027,30027,30027,30027,30024,800
Other undisclosed intangible assets, net (including goodwill)1,7391,8411,9422,0442,1461,187
Total noncurrent assets:52,76353,53854,19848,80348,66144,507
Other undisclosed assets328,269321,821295,616289,345283,739256,860
TOTAL ASSETS:2,001,6571,934,2591,866,3441,840,1291,795,7031,459,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt193,000121,000120,350114,800175,295139,900
Total current liabilities:193,000121,000120,350114,800175,295139,900
Noncurrent Liabilities
Long-term debt and lease obligation:4,7274,8705,220   
Operating lease, liability4,7274,8705,220 
Total noncurrent liabilities:4,7274,8705,220   
Other undisclosed liabilities1,604,7011,612,3101,548,3581,535,6341,434,9641,168,520
Total liabilities:1,802,4281,738,1801,673,9281,650,4341,610,2591,308,420
Equity
Equity, attributable to parent, including:199,229196,079192,416189,695185,444151,222
Common stock151,165150,875150,584150,609150,419117,724
Treasury stock, value(5,132)(3,638)(2,862)(1,926)  
Deferred compensation equity(1,852)(1,821)(1,796)(1,689)(1,647)(1,611)
Accumulated other comprehensive income (loss)(1,510)(1,333)(1,140)709(167)62
Retained earnings54,70650,17545,83440,30335,19233,436
Other undisclosed equity, attributable to parent1,8521,8211,7961,6891,6471,611
Total equity:199,229196,079192,416189,695185,444151,222
TOTAL LIABILITIES AND EQUITY:2,001,6571,934,2591,866,3441,840,1291,795,7031,459,642

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues21,42120,90622,28322,78017,14316,286
Net investment income20,88220,85720,73819,83215,42114,410
Cost of revenue(548)(636)(776)(571)(210)(321)
Provision for loan, lease, and other losses(548)(636)(776)   
Financial services costs(571)(210)(321)
Gross profit:20,87320,27021,50722,20916,93315,965
Operating expenses(2,823)(2,368)(3,084)(8,659)(8,951)(7,790)
Operating income:18,05017,90218,42313,5507,9828,175
Nonoperating income
(Bank Owned Life Insurance Income)
234235232230198190
Interest and debt expense(5,936)(6,172)(5,748)(5,393)(4,087)(3,417)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5,077)(5,000)(4,827)(1,064)(749)(721)
Income from continuing operations before income taxes:7,2716,9658,0807,3233,3444,227
Income tax expense(1,940)(1,820)(1,836)(1,500)(991)(957)
Income from continuing operations:5,3315,1456,2445,8232,3533,270
Income before gain (loss) on sale of properties:5,3315,1456,2445,8232,3533,270
Net income available to common stockholders, diluted:5,3315,1456,2445,8232,3533,270

Comprehensive Income ($ in thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income:5,3315,1456,2445,8232,3533,270
Other comprehensive income (loss)   (2,036)(2,166)885
Comprehensive income (loss):5,3315,1456,2443,7871874,155
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(177)(193)(1,850)2,9121,937(1,383)
Comprehensive income (loss), net of tax, attributable to parent:5,1544,9524,3946,6992,1242,772

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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