Two River Bancorp (TRCB) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
766 SHREWSBURY AVENUE TINTON FALLS, NJ 07724 |
| 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)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48,126 | 106,221 | 99,920 | 89,894 | 61,390 | 47,865 | |||
| Cash and cash equivalent | 48,126 | 48,219 | 42,077 | 46,727 | 36,110 | 47,865 | |||
| Short-term investments | 58,002 | 57,843 | 43,167 | 25,280 | |||||
| Disposal group, including discontinued operation | 1,589 | ||||||||
| Total current assets: | 48,126 | 106,221 | 99,920 | 89,894 | 62,979 | 47,865 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,917 | 6,239 | 4,662 | 5,083 | 5,696 | 4,232 | |||
| Intangible assets, net (including goodwill) | 18,109 | 18,109 | 16,003 | 18,118 | 18,166 | 18,252 | |||
| Goodwill | 18,109 | 18,109 | 18,109 | 18,109 | 18,109 | 18,109 | |||
| Intangible assets, net (excluding goodwill) | (2,106) | 9 | 57 | 143 | |||||
| Total noncurrent assets: | 24,026 | 24,348 | 20,665 | 23,201 | 23,862 | 22,484 | |||
| Other undisclosed assets | 1,024,267 | 909,229 | 819,626 | 750,601 | 694,355 | 699,358 | |||
| TOTAL ASSETS: | 1,096,419 | 1,039,798 | 940,211 | 863,696 | 781,196 | 769,707 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 19,402 | 27,120 | 19,915 | 19,545 | 23,290 | ||||
| Total current liabilities: | 19,402 | 27,120 | 19,915 | 19,545 | 23,290 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 22,500 | 25,800 | 25,300 | 26,500 | 16,000 | 17,500 | |||
| Long-term debt, excluding current maturities | 22,500 | 25,800 | 25,300 | 26,500 | 16,000 | 17,500 | |||
| Total noncurrent liabilities: | 22,500 | 25,800 | 25,300 | 26,500 | 16,000 | 17,500 | |||
| Other undisclosed liabilities | 938,019 | 880,307 | 794,280 | 724,649 | 647,974 | 656,780 | |||
| Total liabilities: | 979,921 | 933,227 | 839,495 | 770,694 | 687,264 | 674,280 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 116,498 | 106,571 | 100,716 | 93,002 | 93,932 | 95,427 | |||
| Common stock | 80,481 | 79,678 | 79,056 | 72,890 | 72,527 | 72,191 | |||
| Treasury stock, value | (2,647) | (2,396) | (2,396) | (2,248) | (1,751) | 554 | |||
| Accumulated other comprehensive loss | (445) | (304) | (391) | (399) | (345) | (684) | |||
| Retained earnings | 39,109 | 29,593 | 24,447 | 22,759 | 17,501 | 12,474 | |||
| Other undisclosed equity, attributable to parent | 6,000 | 10,892 | |||||||
| Total equity: | 116,498 | 106,571 | 100,716 | 93,002 | 93,932 | 95,427 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,096,419 | 1,039,798 | 940,211 | 863,696 | 781,196 | 769,707 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 48,759 | 42,235 | 37,923 | 34,276 | 31,931 | |||
| Net investment income | 44,492 | 38,240 | 34,624 | 32,103 | 30,386 | |||
| Cost of revenue (Financial Services Costs) | (775) | (1,530) | (515) | (490) | (621) | (910) | ||
| Gross profit: | 47,984 | 40,705 | 37,408 | 33,786 | 31,310 | (910) | ||
| Operating expenses | (19,028) | (16,995) | (15,309) | (14,885) | (15,460) | (13,519) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 739 | 920 | 851 | 711 | 619 | 597 | ||
| Operating income (loss): | 29,695 | 24,630 | 22,950 | 19,612 | 16,469 | (13,832) | ||
| Nonoperating income | 525 | 544 | 477 | 445 | 741 | 420 | ||
| Gains (losses) on sales of other real estate | 176 | (12) | ||||||
| Bank owned life insurance income | 525 | 544 | 477 | 445 | 460 | 432 | ||
| Interest and debt expense | (8,366) | (5,707) | (5,164) | (3,863) | (3,452) | (3,799) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (6,658) | (6,947) | (5,304) | (6,262) | (4,180) | 25,343 | ||
| Income from continuing operations before income taxes: | 15,196 | 12,520 | 12,959 | 9,932 | 9,578 | 8,132 | ||
| Income tax expense | (3,990) | (6,018) | (4,328) | (3,585) | (3,561) | (2,973) | ||
| Income from continuing operations: | 11,206 | 6,502 | 8,631 | 6,347 | 6,017 | 5,159 | ||
| Income before gain (loss) on sale of properties: | 11,206 | 6,502 | 8,631 | 6,347 | 6,017 | 5,159 | ||
| Net income attributable to parent: | 11,206 | 6,502 | 8,631 | 6,347 | 6,017 | 5,159 | ||
| Preferred stock dividends and other adjustments | (57) | (117) | (261) | |||||
| Net income available to common stockholders, diluted: | 11,206 | 6,502 | 8,631 | 6,290 | 5,900 | 4,898 | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 11,206 | 6,502 | 8,631 | 6,347 | 6,017 | 5,159 | ||
| Other comprehensive income (loss) | (121) | 87 | 8 | (54) | 339 | (1,052) | ||
| Comprehensive income, net of tax, attributable to parent: | 11,085 | 6,589 | 8,639 | 6,293 | 6,356 | 4,107 | ||
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.