Wells Financial Corp (WEFC) financial statements (2022 and earlier)
Company profile
| Business Address |
53 FIRST ST SW WELLS, MN 56097 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| SIC | 6035 - Savings Institutions, Federally Chartered (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 12,059 | 9,896 | 19,865 | 12,982 | ||
| Cash and cash equivalents | 12,059 | 9,896 | 19,865 | 12,982 | ||
| Total current assets: | 12,059 | 9,896 | 19,865 | 12,982 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 3,368 | 3,417 | 3,079 | 3,123 | ||
| Total noncurrent assets: | 3,368 | 3,417 | 3,079 | 3,123 | ||
| Other undisclosed assets | 259,352 | 255,237 | 228,357 | 235,504 | ||
| TOTAL ASSETS: | 274,779 | 268,550 | 251,301 | 251,609 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 243,479 | 237,339 | 224,116 | 224,520 | ||
| Total liabilities: | 243,479 | 237,339 | 224,116 | 224,520 | ||
| Temporary equity, carrying amount | 2,881 | 2,257 | 2,383 | 2,533 | ||
| Stockholders' equity | ||||||
| Stockholders' equity attributable to parent, including: | 28,419 | 28,954 | 24,802 | 24,556 | ||
| Common stock | 217 | |||||
| Treasury stock, value | (29,383) | (29,259) | (29,043) | (28,893) | ||
| Additional paid in capital | 18,123 | 18,119 | 17,116 | 17,113 | ||
| Accumulated other comprehensive income | 66 | 170 | 41 | 216 | ||
| Retained earnings | 39,542 | 39,879 | 36,479 | 35,911 | ||
| Unearned esop shares | (146) | (172) | ||||
| Other undisclosed stockholders' equity attributable to parent | 217 | 209 | 209 | |||
| Total stockholders' equity: | 28,419 | 28,954 | 24,802 | 24,556 | ||
| TOTAL LIABILITIES AND EQUITY: | 274,779 | 268,550 | 251,301 | 251,609 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | ||
|---|---|---|---|---|---|
| Revenues | 2,704 | 2,783 | 2,590 | 2,512 | |
| Net investment income | 2,306 | 2,293 | 2,062 | 2,175 | |
| Financial services revenue | 398 | 490 | 528 | 337 | |
| Cost of revenue | (146) | (28) | (104) | (143) | |
| Amortization of mortgage servicing rights (msrs) | (98) | (104) | (73) | ||
| Financial services costs | 70 | (70) | |||
| Gross profit: | 2,558 | 2,755 | 2,486 | 2,369 | |
| Operating expenses | (805) | (535) | (453) | (457) | |
| Operating income: | 1,753 | 2,220 | 2,033 | 1,912 | |
| Nonoperating income | 4 | 2,848 | |||
| Investment income, nonoperating | 2,848 | ||||
| Interest and debt expense | (100) | (125) | (108) | (117) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (977) | (1,175) | (1,041) | (989) | |
| Income from continuing operations before income taxes: | 680 | 3,768 | 884 | 806 | |
| Income tax expense | (249) | (348) | (334) | (313) | |
| Net income available to common stockholders, diluted: | 431 | 3,420 | 550 | 493 | |
Comprehensive Income ($ in thousands)
| 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | ||
|---|---|---|---|---|---|
| Net income: | 431 | 3,420 | 550 | 493 | |
| Other comprehensive income (loss) | (104) | 123 | |||
| Comprehensive income: | 327 | 3,420 | 550 | 616 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 129 | (176) | |||
| Comprehensive income, net of tax, attributable to parent: | 327 | 3,549 | 374 | 616 | |
Statements sources
The financial statements are based on the company's filings with the 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.