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 investments12,0599,89619,86512,982
Cash and cash equivalents12,0599,89619,86512,982
Total current assets:12,0599,89619,86512,982
Noncurrent Assets
Property, plant and equipment3,3683,4173,0793,123
Total noncurrent assets:3,3683,4173,0793,123
Other undisclosed assets259,352255,237228,357235,504
TOTAL ASSETS:274,779268,550251,301251,609
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities243,479237,339224,116224,520
Total liabilities:243,479237,339224,116224,520
Temporary equity, carrying amount2,8812,2572,3832,533
Stockholders' equity
Stockholders' equity attributable to parent, including:28,41928,95424,80224,556
Common stock217   
Treasury stock, value(29,383)(29,259)(29,043)(28,893)
Additional paid in capital18,12318,11917,11617,113
Accumulated other comprehensive income6617041216
Retained earnings39,54239,87936,47935,911
Unearned esop shares(146)(172)  
Other undisclosed stockholders' equity attributable to parent 217209209
Total stockholders' equity:28,41928,95424,80224,556
TOTAL LIABILITIES AND EQUITY:274,779268,550251,301251,609

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

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues2,7042,7832,5902,512
Net investment income2,3062,2932,0622,175
Financial services revenue398490528337
Cost of revenue(146)(28)(104)(143)
Amortization of mortgage servicing rights (msrs) (98)(104)(73)
Financial services costs 70 (70)
Gross profit:2,5582,7552,4862,369
Operating expenses(805)(535)(453)(457)
Operating income:1,7532,2202,0331,912
Nonoperating income42,848  
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:6803,768884806
Income tax expense(249)(348)(334)(313)
Net income available to common stockholders, diluted:4313,420550493

Comprehensive Income ($ in thousands)

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income:4313,420550493
Other comprehensive income (loss)(104)  123
Comprehensive income:3273,420550616
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 129(176) 
Comprehensive income, net of tax, attributable to parent:3273,549374616

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.

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