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
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,14326,09225,73623,04121,28519,371
Cash and cash equivalents13,88926,09225,73623,04121,28519,371
Short-term investments 5,255     
Total current assets:19,14326,09225,73623,04121,28519,371
Noncurrent Assets
Property, plant and equipment19,73520,02820,25820,51920,76120,888
Total noncurrent assets:19,73520,02820,25820,51920,76120,888
Other undisclosed assets427,357433,036429,701433,097433,534441,674
TOTAL ASSETS:466,235479,155475,695476,657475,581481,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     2,735 
Interest and dividends payable     2,735 
Debt10,00010,00010,00010,00010,00010,000
Total current liabilities:10,00010,00010,00010,00012,73510,000
Noncurrent Liabilities
Other undisclosed liabilities454,288466,158462,721461,499457,505466,525
Total liabilities:464,288476,158472,721471,499470,240476,525
Equity
Equity, attributable to parent1,9472,9972,9735,1585,3415,409
Preferred stock14,44814,44814,44814,44814,44814,448
Common stock434343434343
Additional paid in capital41,55041,55041,55041,55041,55041,550
Accumulated other comprehensive loss(1,005)(701)(1,207)(585)(1,132)(1,849)
Accumulated deficit(54,201)(53,455)(52,973)(51,410)(50,681)(49,896)
Warrants and rights outstanding1,1121,1121,1121,1121,1121,112
Total equity:1,9472,9972,9735,1585,3415,409
TOTAL LIABILITIES AND EQUITY:466,235479,155475,695476,657475,581481,933

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

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Revenues4,1684,2164,1064,4004,6834,613
Net investment income3,9303,9553,8814,1984,4834,399
Cost of revenue328(71)(1,272)(159)(61)(135)
Cost of goods and services sold 155(52)(51)(51)(51)(48)
Financial services costs173(19)(1,221)(108)(9)(88)
Gross profit:4,4964,1442,8344,2414,6224,478
Operating expenses3,365(4,008)(4,039)(3,834)(3,672)(3,711)
Other operating income (expense), net
(Other Expenses)
 343(113)(111)(119)(115)(96)
Operating income (loss):8,20422(1,316)288836671
Nonoperating income88105108123109109
Investment income, nonoperating (18)  18  
Bank owned life insurance income105105108105109109
Interest and debt expense(1,197)(1,283)(1,282)(1,243)(1,304)(1,319)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(7,400)1,1051,351516(33)598
Income (loss) from continuing operations before income taxes:(304)(50)(1,139)(316)(392)59
Income tax expense (benefit)     12(8)
Income (loss) from continuing operations:(304)(50)(1,139)(316)(380)51
Income (loss) before gain (loss) on sale of properties:(304)(50)(1,139)(316)(380)51
Net income (loss) attributable to parent:(304)(50)(1,139)(316)(380)51
Other undisclosed net loss available to common stockholders, basic(442)(432)(423)(414)(404)(396)
Net loss available to common stockholders, diluted:(746)(483)(1,562)(729)(785)(345)

Comprehensive Income ($ in thousands)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Net income (loss):(304)(50)(1,139)(316)(380)51
Other comprehensive income (loss)(304)     
Comprehensive income (loss):(608)(50)(1,139)(316)(380)51
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  506(622)547(1,459)162
Comprehensive income (loss), net of tax, attributable to parent:(608)456(1,761)231(1,839)212

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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