Community Shores Bank Corp (CSHB) financial statements (2022 and earlier)

Company profile

Business Address 1030 W. NORTON AVENUE
MUSKEGON, MI 49441
State of Incorp. MI
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 thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,93617,13320,297
Cash and cash equivalents7,93617,13320,297
Disposal group, including discontinued operation1482406,041
Total current assets:8,08417,37326,338
Noncurrent Assets
Property, plant and equipment9,0819,1459,421
Total noncurrent assets:9,0819,1459,421
Other undisclosed assets167,513164,261168,472
TOTAL ASSETS:184,677190,779204,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26 763
Interest and dividends payable26 763
Debt  2,400
Total current liabilities:26 3,163
Noncurrent Liabilities
Other undisclosed liabilities176,571187,116202,307
Total liabilities:176,597187,116205,470
Stockholders' equity
Stockholders' equity attributable to parent8,0813,663(1,239)
Common stock13,29713,29713,297
Accumulated other comprehensive income (loss)(271)(357)281
Accumulated deficit(4,945)(9,277)(14,817)
Total stockholders' equity:8,0813,663(1,239)
TOTAL LIABILITIES AND EQUITY:184,677190,779204,231

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

12/31/2014
12/31/2013
12/31/2012
Revenues7,5287,8549,784
Net investment income6,7827,0478,773
Cost of revenue
(Financial Services Costs)
  (75)
Gross profit:7,5287,8549,709
Operating expenses(5,565)(5,355)(5,126)
Other operating income, net
(Noninterest Income, Other Operating Income)
799654523
Operating income:2,7633,1535,106
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
186218(57)
Interest and debt expense(1,078)4,030(1,889)
Income from continuing operations before equity method investments, income taxes:1,8717,4013,159
Other undisclosed loss from continuing operations before income taxes(1,577)(1,756)(2,892)
Income from continuing operations before income taxes:2945,645268
Income tax expense (benefit)4,038(105) 
Net income available to common stockholders, diluted:4,3325,540268

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income:4,3325,540268
Comprehensive income:4,3325,540268
Other undisclosed comprehensive income (loss), net of tax, attributable to parent86(638)(87)
Comprehensive income, net of tax, attributable to parent:4,4184,902181

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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