Select Bancorp, Inc. (SLCT) Financial Statements (2024 and earlier)

Company Profile

Business Address MARK A JEFFRIES
DUNN, NC 283351988
State of Incorp. NC
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)

6/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 110,723152,163139,362127,488118,674144,823
Cash and cash equivalents 110,72379,077139,36262,69555,71463,409
Short-term investments  73,086 64,79362,96081,414
Total current assets: 110,723152,163139,362127,488118,674144,823
Noncurrent Assets
Operating lease, right-of-use asset 8,5588,596
Property, plant and equipment 20,58717,79117,92018,26817,93119,078
Intangible assets, net (including goodwill) 44,42026,18926,66428,0057,7418,172
Goodwill 42,90724,57924,57924,9046,9316,931
Intangible assets, net (excluding goodwill) 1,5131,6102,0853,1018101,241
Deferred costs  116132172294305
Total noncurrent assets: 73,56552,69244,71646,44525,96627,555
Other undisclosed assets 1,545,7571,070,2211,074,4471,020,202702,000644,637
TOTAL ASSETS: 1,730,0451,275,0761,258,5251,194,135846,640817,015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   7,00028,27937,09029,673
Deferred compensation liability  2,8002,6002,5002,3002,100
Total current liabilities:  2,8009,60030,77939,39031,773
Noncurrent Liabilities
Long-term debt and lease obligation:  8,813    
Operating lease, liability  8,813
Total noncurrent liabilities:  8,813    
Other undisclosed liabilities 1,514,6771,050,6881,039,3141,027,241702,977680,540
Total liabilities: 1,514,6771,062,3011,048,9141,058,020742,367712,313
Equity
Equity, attributable to parent, including: 215,368212,775209,611136,115104,273104,702
Preferred stock      7,645
Common stock 17,50718,33019,31214,00911,64511,583
Additional paid in capital 135,058140,870150,71895,85069,59769,061
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares 2,4162,8152,6152,5182,340 
Deferred compensation equity      2,139
Accumulated other comprehensive income (loss) 1,965900(59)398358490
Retained earnings 60,83852,67539,64025,85822,67315,923
Other undisclosed equity, attributable to parent (2,416)(2,815)(2,615)(2,518)(2,340)(2,139)
Total equity: 215,368212,775209,611136,115104,273104,702
TOTAL LIABILITIES AND EQUITY: 1,730,0451,275,0761,258,5251,194,135846,640817,015

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

6/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 60,98054,60553,79640,92136,28034,868
Net investment income 60,98054,60553,79637,84933,05831,576
Cost of revenue (6,244)  (8,000)  
Provision for loan, lease, and other losses (6,244)  
Financial services costs(8,000)  
Gross profit: 54,73654,60553,79632,92136,28034,868
Operating expenses (9,665)(9,073)(8,432)(20,182)(18,062)(17,572)
Operating income: 45,07145,53245,36412,73918,21817,296
Interest and debt expense (12,375)(11,556)(9,450)(5,106)(3,733)(3,542)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (22,318)(17,245)(18,222)1,264(4,084)(3,783)
Income from continuing operations before income taxes: 10,37816,73117,6928,89710,4019,971
Income tax expense (2,215)(3,696)(3,910)(5,712)(3,647)(3,418)
Income from continuing operations: 8,16313,03513,7823,1856,7546,553
Income before gain (loss) on sale of properties:8,16313,03513,7823,1856,7546,553
Net income attributable to parent: 8,16313,03513,7823,1856,7546,553
Preferred stock dividends and other adjustments     (4)(77)
Net income available to common stockholders, diluted: 8,16313,03513,7823,1856,7506,476

Comprehensive Income ($ in thousands)

6/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 8,16313,03513,7823,1856,7546,553
Other comprehensive income (loss) 1,065959(457)40(132)(319)
Comprehensive income, net of tax, attributable to parent: 9,22813,99413,3253,2256,6226,234

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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