Tidelands Bancshares Inc (TDBK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
875 LOWCOUNTRY BLVD. MT. PLEASANT, SC 29464 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 19,143 | 21,285 | 19,278 | 45,389 | |||
| Cash and cash equivalents | 13,889 | 21,285 | 19,278 | 45,389 | |||
| Short-term investments | 5,255 | ||||||
| Total current assets: | 19,143 | 21,285 | 19,278 | 45,389 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 19,735 | 20,761 | 21,062 | 21,530 | |||
| Total noncurrent assets: | 19,735 | 20,761 | 21,062 | 21,530 | |||
| Other undisclosed assets | 427,357 | 433,534 | 446,424 | 459,752 | |||
| TOTAL ASSETS: | 466,235 | 475,581 | 486,764 | 526,671 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 2,735 | ||||||
| Interest and dividends payable | 2,735 | ||||||
| Debt | 10,000 | 10,000 | |||||
| Total current liabilities: | 10,000 | 12,735 | |||||
| Noncurrent Liabilities | |||||||
| Other undisclosed liabilities | 454,288 | 457,505 | 481,796 | 516,491 | |||
| Total liabilities: | 464,288 | 470,240 | 481,796 | 516,491 | |||
| Equity | |||||||
| Equity, attributable to parent | 1,947 | 5,341 | 4,968 | 10,180 | |||
| Preferred stock | 14,448 | 14,448 | 14,448 | 14,195 | |||
| Common stock | 43 | 43 | 43 | 43 | |||
| Additional paid in capital | 41,550 | 41,550 | 42,708 | 43,073 | |||
| Accumulated other comprehensive loss | (1,005) | (1,132) | (3,308) | (9) | |||
| Accumulated deficit | (54,201) | (50,681) | (48,851) | (46,673) | |||
| Unearned esop shares | (1,184) | (1,562) | |||||
| Warrants and rights outstanding | 1,112 | 1,112 | 1,112 | 1,112 | |||
| Total equity: | 1,947 | 5,341 | 4,968 | 10,180 | |||
| TOTAL LIABILITIES AND EQUITY: | 466,235 | 475,581 | 486,764 | 526,671 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 16,533 | 18,511 | ||||
| Net investment income | 15,608 | 17,764 | ||||
| Cost of revenue | (1,175) | (461) | (640) | (3,028) | ||
| Cost of goods and services sold | (201) | (205) | ||||
| Financial services costs | (1,175) | (260) | (435) | (3,028) | ||
| Gross profit: | 15,358 | 18,050 | (640) | (3,028) | ||
| Operating expenses | (8,429) | (14,734) | (11,783) | (10,358) | ||
| Other operating income (expense), net (Other Expenses) | (416) | 297 | ||||
| Operating income (loss): | 6,929 | 2,899 | (12,126) | (13,386) | ||
| Nonoperating income (Bank Owned Life Insurance Income) | 424 | 430 | 434 | 474 | ||
| Interest and debt expense | (5,050) | (5,200) | (5,806) | (7,367) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (4,113) | 1,444 | 16,479 | 17,126 | ||
| Loss from continuing operations before income taxes: | (1,810) | (427) | (1,019) | (3,153) | ||
| Income tax expense | (4) | |||||
| Loss from continuing operations: | (1,810) | (431) | (1,019) | (3,153) | ||
| Loss before gain (loss) on sale of properties: | (1,810) | (431) | (1,019) | (3,153) | ||
| Net loss attributable to parent: | (1,810) | (431) | (1,019) | (3,153) | ||
| Other undisclosed net loss available to common stockholders, basic | (1,711) | (1,399) | (1,160) | (959) | ||
| Net loss available to common stockholders, diluted: | (3,521) | (1,830) | (2,179) | (4,112) | ||
Comprehensive Income ($ in thousands)
| 3/31/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (1,810) | (431) | (1,019) | (3,153) | ||
| Other comprehensive income (loss) | 127 | (6) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (1,683) | (431) | (1,019) | (3,159) | ||
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.