Carver Bancorp, Inc. (CARV) financial statements (2022 and earlier)

Company profile

Business Address 75 W 125TH ST
NEW YORK, NY 10027-4512
State of Incorp. DE
Fiscal Year End March 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65,72976,53948,41431,682134,55858,68663,660
Cash and cash equivalents65,72975,59147,54031,228134,55858,68663,660
Short-term investments 948874454   
Total current assets:65,72976,53948,41431,682134,55858,68663,660
Noncurrent Assets
Finance lease, right-of-use asset68121182
Operating lease, right-of-use asset14,23915,34417,614
Property, plant and equipment4,0224,6115,3775,0562,9705,4275,983
Total noncurrent assets:18,32920,07623,1735,0562,9705,4275,983
Other undisclosed assets638,752580,133507,183526,975556,382623,748672,085
TOTAL ASSETS:722,810676,748578,770563,713693,910687,861741,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,6772,7022,5713,93913,52731,144
Total current liabilities: 1,6772,7022,5713,93913,52731,144
Noncurrent Liabilities
Liabilities, other than long-term debt    537606 
Deferred revenue and credits 606 
Deferred gain on sale of property    537
Total noncurrent liabilities:    537606 
Other undisclosed liabilities665,112622,770527,174514,006637,463626,330656,369
Total liabilities:665,112624,447529,876516,577641,939640,463687,513
Commitments and contingencies 4,10913,0124,9867,10513,66625,798
Temporary equity, carrying amount      (25,798)
Stockholders' equity
Stockholders' equity attributable to parent, including:57,69852,30148,89447,13651,97147,3989,036
Treasury stock, value(2,908)(2,908)(408)(417)(417)(417)(417)
Additional paid in capital79,02975,20455,47655,51455,47955,47455,470
Accumulated other comprehensive income (loss)(1,882)(3,175)932(939)(2,726)(1,940)(307)
Accumulated deficit(43,632)(42,656)(52,285)(52,201)(45,544)(50,898)(45,710)
Other undisclosed stockholders' equity attributable to parent27,09125,83645,17945,17945,17945,179 
Other undisclosed stockholders' equity (4,109)(13,012)(4,986)(7,105)(13,666)45,179
Total stockholders' equity:57,69848,19235,88242,15044,86633,73254,215
TOTAL LIABILITIES AND EQUITY:722,810676,748578,770563,713693,910687,861741,728

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues20,28918,55219,02519,49922,20028,85329,254
Net investment income20,28918,55218,95919,47021,91724,25724,702
Financial services revenue 3,8154,552
Cost of revenue(468) (19) (135)(758)(1,495)
Cost of goods and services sold     (729) 
Provision for loan, lease, and other losses(468) (19) (135)
Financial services costs (29)(1,495)
Gross profit:19,82118,55219,00619,49922,06528,09527,759
Operating expenses(408)(160)(244) (48)(894)(18,211)
Other operating expense, net
(Other Expenses)
    (3,341)(2,703)(8,078)
Operating income:19,41318,39218,76219,49918,67624,4981,470
Nonoperating income2,7059538681,252917764 
Investment income, nonoperating2,8699538681,252680764 
Gains on sales of other real estate    237  
Interest and debt expense(2,704)(4,420)(5,631)(6,141)(5,280)(4,918)(4,539)
Income (loss) from continuing operations before equity method investments, income taxes:19,41414,92513,99914,61014,31320,344(3,069)
Other undisclosed income (loss) from continuing operations before income taxes(2,534)     3,027
Income (loss) from continuing operations before income taxes:16,88014,92513,99914,61014,31320,344(42)
Income tax expense (benefit)   (133)33(119)(128)
Net income (loss):16,88014,92513,99914,47714,34620,225(170)
Other undisclosed net loss attributable to parent(18,821)(18,821)(19,422)(20,413)(8,992)(23,078) 
Net income (loss) attributable to parent:(1,941)(3,896)(5,423)(5,936)5,354(2,853)(170)
Undistributed earnings (loss) allocated to participating securities, basic(639)    
Other undisclosed net loss available to common stockholders, basic    (3,206)  
Net income (loss) available to common stockholders, diluted:(2,580)(3,896)(5,423)(5,936)2,148(2,853)(170)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):16,88014,92513,99914,47714,34620,225(170)
Other comprehensive income (loss) (4,107)1,8711,066(786)(1,633)738
Other undisclosed comprehensive loss(4,107)      
Comprehensive income:12,77310,81815,87015,54313,56018,592568
Other undisclosed comprehensive loss, net of tax, attributable to parent(16,963)(18,821)(19,422)(20,413)(8,992)(23,078) 
Comprehensive income (loss), net of tax, attributable to parent:(4,190)(8,003)(3,552)(4,870)4,568(4,486)568

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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