Colonial Financial Services Inc (COBK) financial statements (2022 and earlier)

Company profile

Business Address 2745 S. DELSEA DRIVE
VINELAND, NJ 08360
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 thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,686  
Cash and cash equivalents16,686  
Total current assets:16,686  
Noncurrent Assets
Property, plant and equipment7,4107,8258,195
Total noncurrent assets:7,4107,8258,195
Other undisclosed assets517,528575,332615,401
TOTAL ASSETS:541,624583,157623,596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities477,787523,994555,559
Total liabilities:477,787523,994555,559
Stockholders' equity
Stockholders' equity attributable to parent63,83759,16368,037
Common stock393939
Additional paid in capital37,53337,28937,155
Accumulated other comprehensive income (loss)(790)(4,477)2,914
Retained earnings28,01727,48229,307
Unearned esop shares(962)(1,170)(1,378)
Total stockholders' equity:63,83759,16368,037
TOTAL LIABILITIES AND EQUITY:541,624583,157623,596

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

12/31/2014
12/31/2013
12/31/2012
Revenues15,7221,2111,175
Net investment income13,879  
Financial services revenue1,8431,2111,175
Cost of revenue
(Financial Services Costs)
(33)(5,699) 
Gross profit:15,689(4,488)1,175
Operating expenses(9,628)(7,018)(7,041)
Other operating income, net
(Noninterest Income, Other Operating Income)
594136
Operating income (loss):6,120(11,465)(5,830)
Nonoperating income1,510888419
Investment income, nonoperating921  
Gains on sales of other real estate16544945
Bank owned life insurance income424439374
Interest and debt expense(2,651)(3,848)(5,431)
Other undisclosed income from continuing operations before equity method investments, income taxes  7,771
Income (loss) from continuing operations before equity method investments, income taxes:4,979(14,425)(3,071)
Other undisclosed income (loss) from continuing operations before income taxes(3,772)10,963 
Income (loss) from continuing operations before income taxes:1,207(3,462)(3,071)
Income tax expense (benefit)(672)1,6371,322
Net income (loss) available to common stockholders, diluted:535(1,825)(1,749)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):535(1,825)(1,749)
Other comprehensive income (loss)3,687(7,391)(601)
Other undisclosed comprehensive income  620
Comprehensive income (loss), net of tax, attributable to parent:4,222(9,216)(1,730)

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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