Coastal Financial Corporation (CCB) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments153126
Cash and cash equivalents153126
Total current assets:153126
Noncurrent Assets
Operating lease, right-of-use asset9
Property, plant and equipment1313
Deferred income tax assets2
Total noncurrent assets:2413
Other undisclosed assets913813
TOTAL ASSETS:1,090952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 0
Taxes payable 0
Debt00
Total current liabilities:00
Noncurrent Liabilities
Other undisclosed liabilities970843
Total liabilities:970843
Stockholders' equity
Stockholders' equity attributable to parent120109
Common stock8786
Accumulated other comprehensive loss(0)(1)
Retained earnings3424
Total stockholders' equity:120109
TOTAL LIABILITIES AND EQUITY:1,090952

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

9/30/2019
TTM
12/31/2018
Revenues4638
Net investment income4638
Cost of revenue(3)(2)
Cost of goods and services sold(1)(1)
Provision for loan, lease, and other losses(2)(2)
Gross profit:4436
Operating expenses(8)(7)
Operating income:3629
Nonoperating income
(Investment Income, Nonoperating)
11
Interest and debt expense(6)(4)
Income from continuing operations before equity method investments, income taxes:3026
Other undisclosed loss from continuing operations before income taxes(14)(14)
Income from continuing operations before income taxes:1612
Income tax expense(3)(3)
Net income available to common stockholders, diluted:1310

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
Net income:1310
Comprehensive income:1310
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(0)
Comprehensive income, net of tax, attributable to parent:1510

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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