Four Oaks Fincorp Inc (FOFN) financial statements (2020 and earlier)

Company profile

Business Address 6114 US 301 SOUTH
FOUR OAKS, NC 27524
State of Incorp. NC
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3327159129183
Cash and cash equivalents3327159129183
Disposal group, including discontinued operation  3  
Assets held-for-sale 19
Total current assets:3327161129202
Noncurrent Assets
Property, plant and equipment1012121313
Intangible assets, net (including goodwill)   00
Intangible assets, net (excluding goodwill)   00
Assets held-for-sale, long lived 2
Total noncurrent assets:1012121315
Other undisclosed assets677652647680648
TOTAL ASSETS:720691821822865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities652631780800843
Total liabilities:652631780800843
Stockholders' equity
Stockholders' equity attributable to parent6860412223
Common stock7343288
Additional paid in capital5932333434
Accumulated other comprehensive income (loss)(0)(0)1(0)1
Retained earnings (accumulated deficit)2(5)(25)(20)(20)
Total stockholders' equity:6860412223
TOTAL LIABILITIES AND EQUITY:720691821822865

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues353835  
Net investment income292929  
Financial services revenue697  
Cost of revenue
(Financial Services Costs)
  (8)(0)(7)
Gross profit:353827(0)(7)
Operating expenses(17)(19)(16)(1)(14)
Other operating income, net
(Noninterest Income, Other Operating Income)
00010
Other undisclosed operating income (loss)  (15)(1)14
Operating income (loss):1819(4)(0)(7)
Nonoperating income (expense)0010(0)
Investment income, nonoperating  1  
Gains (losses) on sales of other real estate  0(0)(0)
Bank owned life insurance income00000
Interest and debt expense(5)(7)(8)(9)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(8)(9)7912
Income (loss) from continuing operations before income taxes:54(4)(0)(7)
Income tax benefit216  0
Net income (loss) available to common stockholders, diluted:720(4)(0)(7)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):720(4)(0)(7)
Other comprehensive income (loss)0(1)1(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:719(3)(1)(7)

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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