First South Bancorp Inc (FSBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1311 CAROLINA AVE
WASHINGTON, NC 27889
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 46,17637,99156,11724,23512,366
Cash and cash equivalents 46,17637,99156,11724,23512,366
Disposal group, including discontinued operation   4,793  
Total current assets: 46,17637,99160,91024,23512,366
Noncurrent Assets
Property, plant and equipment 11,29213,66515,82111,76012,233
Intangible assets, net (including goodwill), including: 5,8306,1146,4014,2194,219
Goodwill 4,2194,2194,2194,2194,219
Intangible assets, net (excluding goodwill) 1,6111,8962,183  
Other undisclosed intangible assets, net (including goodwill)  (0) 
Total noncurrent assets: 17,12119,77922,22315,97816,452
Other undisclosed assets 927,405888,513802,732634,509678,895
TOTAL ASSETS: 990,702946,283885,865674,722707,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 903,518864,112805,428599,864633,060
Total liabilities: 903,518864,112805,428599,864633,060
Equity
Equity, attributable to parent 87,18482,17180,43774,85874,653
Common stock 9595969798
Treasury stock, value     (31,967)
Additional paid in capital 36,01935,93735,86935,80935,812
Accumulated other comprehensive income 1,5092,4483,1681035,178
Retained earnings 49,56143,69141,30338,84965,533
Total equity: 87,18482,17180,43774,85874,653
TOTAL LIABILITIES AND EQUITY: 990,702946,283885,865674,722707,713

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 42,47244,68554,94629,67234,158
Net investment income 30,74832,45153,125  
Financial services revenue 9,66310,8491,82129,67234,158
Cost of revenue (287)(228)(1,339)(1,085)(23,252)
Amortization of mortgage servicing rights (msrs) (287)(228)(213)447425
Financial services costs   (1,125)(1,085)(23,252)
Gross profit: 42,18544,45853,60728,58710,906
Operating expenses (23,611)(23,781)(19,527)592,662511,562
Operating income: 18,57420,67734,080621,249522,468
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
 13140115609(529)
Interest and debt expense (3,611)(3,054)(2,751)(2,846)(4,700)
Other undisclosed loss from continuing operations before equity method investments, income taxes (5,172)    
Income from continuing operations before equity method investments, income taxes: 9,92217,66331,444619,012517,239
Other undisclosed loss from continuing operations before income taxes  (11,142)   
Income from continuing operations before income taxes: 9,9226,52131,444619,012517,239
Income tax expense (benefit) (2,961)(1,837)(1,566)(3,100)7,137
Income from continuing operations: 6,9614,68329,879615,912524,377
Income before gain (loss) on sale of properties: 6,9614,68329,879615,912524,377
Net income: 6,9614,68329,879615,912524,377
Other undisclosed net loss attributable to parent   (26,006)(609,900)(535,354)
Net income (loss) attributable to parent: 6,9614,6833,8736,012(10,977)
Other undisclosed net income available to common stockholders, basic 6,954,301    
Net income (loss) available to common stockholders, diluted: 6,961,2624,6833,8736,012(10,977)

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 6,9614,68329,879615,912524,377
Other comprehensive income (loss) (938)(721)3,066(5,075)1,520
Comprehensive income: 6,0233,96332,944610,837525,897
Other undisclosed comprehensive loss, net of tax, attributable to parent   (26,006)(609,900)(535,354)
Comprehensive income (loss), net of tax, attributable to parent: 6,0233,9636,939937(9,457)

Statements Sources

The financial statements are based on the Company's filings with 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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