Coastal Financial Corporation (CCB) financial statements (2021 and earlier)

Company profile

Business Address 2817 COLBY AVENUE
EVERETT, WA 98201
State of Incorp. WA
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments163128126
Cash and cash equivalents163128126
Total current assets:163128126
Noncurrent Assets
Operating lease, right-of-use asset78
Property, plant and equipment171313
Deferred income tax assets43
Total noncurrent assets:282413
Other undisclosed assets1,575976813
TOTAL ASSETS:1,7661,129952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  0
Taxes payable  0
Debt000
Total current liabilities:000
Noncurrent Liabilities
Other undisclosed liabilities1,6261,004843
Total liabilities:1,6261,004843
Stockholders' equity
Stockholders' equity attributable to parent140124109
Common stock888786
Accumulated other comprehensive income (loss)0(0)(1)
Retained earnings523724
Total stockholders' equity:140124109
TOTAL LIABILITIES AND EQUITY:1,7661,129952

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

12/31/2020
12/31/2019
12/31/2018
Revenues634838
Net investment income634838
Cost of revenue(9)(3)(2)
Cost of goods and services sold(1)(1)(1)
Provision for loan, lease, and other losses(8)(3)(2)
Gross profit:534536
Operating expenses(9)(8)(7)
Operating income:453729
Nonoperating income
(Investment Income, Nonoperating)
011
Interest and debt expense(6)(7)(4)
Income from continuing operations before equity method investments, income taxes:393126
Other undisclosed loss from continuing operations before income taxes(20)(15)(14)
Income from continuing operations before income taxes:191712
Income tax expense(4)(3)(3)
Net income available to common stockholders, diluted:151310

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:151310
Comprehensive income:151310
Other undisclosed comprehensive income (loss), net of tax, attributable to parent01(0)
Comprehensive income, net of tax, attributable to parent:151410

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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