Cambridge Bancorp (CATC) financial statements (2021 and earlier)

Company profile

Business Address 1336 MASSACHUSETTS AVENUE
CAMBRIDGE, MA 02138
State of Incorp.
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments766118104
Cash and cash equivalents766118104
Total current assets:766118104
Noncurrent Assets
Operating lease, right-of-use asset3534
Property, plant and equipment181599
Intangible assets, net (including goodwill)553500
Goodwill523100
Intangible assets, net (excluding goodwill)33  
Deferred income tax assets128
Total noncurrent assets:12091910
Other undisclosed assets3,7542,7032,0741,837
TOTAL ASSETS:3,9492,8562,1011,950
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1513690 
Total current liabilities:1513690 
Noncurrent Liabilities
Other undisclosed liabilities3,5332,4331,8441,802
Total liabilities:3,5482,5691,9341,802
Stockholders' equity
Stockholders' equity attributable to parent402287167148
Common stock7544
Additional paid in capital2271373836
Accumulated other comprehensive income (loss)2(2)(6)(6)
Retained earnings165147131114
Total stockholders' equity:402287167148
TOTAL LIABILITIES AND EQUITY:3,9492,8562,1011,950

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11121134
Gain on disposition of assets for financial service operations210
Net investment income911109
Financial services revenue25
Cost of revenue(18)(3)(2)(10)
Cost of goods and services sold   (9)
Provision for loan, lease, and other losses(18)(3)(2)
Gross profit:(8)9924
Operating expenses(27)(23)(20)(46)
Operating loss:(34)(14)(11)(22)
Nonoperating income (expense)(8)(5)11
Bank owned life insurance income1111
Interest and debt expense(9)(18)(5)(4)
Loss from continuing operations before equity method investments, income taxes:(51)(36)(16)(25)
Other undisclosed income from continuing operations before income taxes95704753
Income from continuing operations before income taxes:43343128
Income tax expense(11)(9)(7)(13)
Net income attributable to parent:32252415
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Net income available to common stockholders, basic:32252415
Dilutive securities, effect on basic earnings per share   0
Other undisclosed net loss available to common stockholders, diluted   (0)
Net income available to common stockholders, diluted:32252415

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:32252415
Other comprehensive income5414
Comprehensive income, net of tax, attributable to parent:37292419

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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