Atlantic Coast Financial Corp (ACFC) financial statements (2020 and earlier)

Company profile

Business Address 4655 SALISBURY ROAD
JACKSONVILLE, FL 32256
State of Incorp.
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 millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5060242211468
Cash and cash equivalents5060242211468
Disposal group, including discontinued operation   7  
Deferred tax assets479   
Total current assets:5567333011468
Noncurrent Assets
Property, plant and equipment141515151415
Assets held-for-sale, long lived13 
Total noncurrent assets:141515152715
Other undisclosed assets915826809662592690
TOTAL ASSETS:983907857706734773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  1071  
Total current liabilities:  1071  
Noncurrent Liabilities
Other undisclosed liabilities893820766563668732
Total liabilities:893820776634668732
Stockholders' equity
Stockholders' equity attributable to parent, including:918781726640
Common stock000000
Additional paid in capital10010010010110156
Deferred compensation equity(0)(0)(0)(0)(0) 
Accumulated other comprehensive income (loss)(1)(2)(1)(2)(8)1
Accumulated deficit(7)(10)(17)(24)(26)(14)
Unearned esop shares(1)(1)(2)(2)(2)(2)
Other undisclosed stockholders' equity attributable to parent     (0)
Total stockholders' equity:918781726640
TOTAL LIABILITIES AND EQUITY:983907857706734773

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues3736312833
Net investment income33322724  
Financial services revenue444433
Cost of revenue(2)(2)(2)(3)(7)(12)
Cost of goods and services sold(2)(2)(2)(2)  
Financial services costs   (1)(7)(12)
Gross profit:34342925(4)(9)
Operating expenses(19)(18)(16)(14)(11)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
120111
Other undisclosed operating income     82
Operating income (loss):16171312(14)63
Nonoperating income000100
Investment income, nonoperating   0  
Bank owned life insurance income000000
Interest and debt expense(7)(7)(9)(4)(4)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)(0)(7)(7)6(56)
Income (loss) from continuing operations before income taxes:810(2)1(11)(7)
Income tax expense (benefit)(5)(4)10(6) (0)
Net income (loss):368(4)(11)(7)
Other undisclosed net income attributable to parent   6  
Net income (loss) available to common stockholders, diluted:3681(11)(7)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):368(4)(11)(7)
Other comprehensive income (loss)0(0)16  
Other undisclosed comprehensive income (loss)(3)(6)(8)437
Comprehensive income (loss):0(0)16(8)1
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3681(11)(7)
Comprehensive income (loss), net of tax, attributable to parent:3687(20)(6)

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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