Four Oaks Fincorp Inc (FOFN) financial statements (2022 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 thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,56326,755158,527128,629183,150
Cash and cash equivalents32,56326,755158,527128,629183,150
Disposal group, including discontinued operation  2,882  
Assets held-for-sale 19,297
Total current assets:32,56326,755161,409128,629202,447
Noncurrent Assets
Property, plant and equipment9,84412,29311,89512,57113,382
Intangible assets, net (including goodwill)   13
Intangible assets, net (excluding goodwill)   13
Assets held-for-sale, long lived 1,901
Total noncurrent assets:9,84412,29311,89512,57215,286
Other undisclosed assets677,476652,339647,492680,345647,765
TOTAL ASSETS:719,883691,387820,796821,546865,498
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities651,878630,981780,067799,923842,822
Total liabilities:651,878630,981780,067799,923842,822
Stockholders' equity
Stockholders' equity attributable to parent68,00560,40640,72921,62322,676
Common stock6,75733,59632,0327,9787,815
Additional paid in capital58,97631,66632,52034,26934,192
Accumulated other comprehensive income (loss)(15)(285)756(234)709
Retained earnings (accumulated deficit)2,287(4,571)(24,579)(20,390)(20,040)
Total stockholders' equity:68,00560,40640,72921,62322,676
TOTAL LIABILITIES AND EQUITY:719,883691,387820,796821,546865,498

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues34,69438,06635,334  
Net investment income29,18829,36628,805  
Financial services revenue5,5068,7006,529  
Cost of revenue
(Financial Services Costs)
  (7,954)(35)(7,381)
Gross profit:34,69438,06627,380(35)(7,381)
Operating expenses(16,908)(19,209)(16,459)(690)(13,835)
Other operating income, net
(Noninterest Income, Other Operating Income)
612252051,168410
Other undisclosed operating income (loss)  (15,315)(793)13,837
Operating income (loss):17,84719,082(4,189)(350)(6,969)
Nonoperating income (expense)210187966194(117)
Investment income, nonoperating  563  
Gains (losses) on sales of other real estate  193(47)(429)
Bank owned life insurance income210187210241312
Interest and debt expense(4,828)(6,778)(8,088)(8,771)(12,005)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(7,939)(8,963)7,1228,57711,947
Income (loss) from continuing operations before income taxes:5,2903,528(4,189)(350)(7,144)
Income tax benefit1,56816,480  175
Net income (loss) available to common stockholders, diluted:6,85820,008(4,189)(350)(6,969)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):6,85820,008(4,189)(350)(6,969)
Other comprehensive income (loss)270(1,041)990(943)(343)
Comprehensive income (loss), net of tax, attributable to parent:7,12818,967(3,199)(1,293)(7,312)

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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