First Reliance Bancshares Inc (FSRL) financial statements (2022 and earlier)

Company profile

Business Address 2170 W PALMETTO ST
FLORENCE, SC 29501
State of Incorp. SC
Fiscal Year End December 31
SIC 6021 - National 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 investments96,769  
Cash and cash equivalents96,769  
Receivables1,9042,1062,007
Disposal group, including discontinued operation1,970  
Deferred tax assets3,199(105) 
Total current assets:103,8422,0012,007
Noncurrent Assets
Property, plant and equipment23,39524,33424,627
Total noncurrent assets:23,39524,33424,627
Other undisclosed assets240,519329,073391,643
TOTAL ASSETS:367,756355,408418,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities784  
Interest and dividends payable784  
Debt7,573  
Total current liabilities:8,357  
Noncurrent Liabilities
Other undisclosed liabilities323,031323,315377,079
Total liabilities:331,389323,315377,079
Stockholders' equity
Stockholders' equity attributable to parent, including:36,36832,09341,198
Common stock474641
Treasury stock, value(206)(202)(182)
Additional paid in capital30,91430,60927,991
Accumulated other comprehensive income1222041,479
Accumulated deficit(10,072)(14,448)(6,207)
Other undisclosed stockholders' equity attributable to parent15,56115,88318,076
Total stockholders' equity:36,36832,09341,198
TOTAL LIABILITIES AND EQUITY:367,756355,408418,277

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

12/31/2014
12/31/2013
12/31/2012
Revenues18,884  
Net investment income15,074  
Financial services revenue3,810  
Cost of revenue
(Financial Services Costs)
(707)(610) 
Gross profit:18,177(610) 
Operating expenses(10,765)(14,132)(10,472)
Other operating income, net
(Noninterest Income, Other Operating Income)
285331344
Operating income (loss):7,696(14,411)(10,128)
Nonoperating income436155209
Gains (losses) on sales of other real estate142(191)(162)
Bank owned life insurance income337346371
Interest and debt expense(1,160)(2,448)(4,481)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5,646)10,36514,683
Income (loss) from continuing operations before income taxes:1,326(6,340)283
Income tax expense (benefit)3,081(800)190
Net income (loss):4,408(7,139)473
Other undisclosed net loss attributable to parent (597)(197)
Net income (loss) attributable to parent:4,408(7,737)276
Preferred stock dividends and other adjustments(1,283)(1,140)(1,176)
Other undisclosed net income available to common stockholders, basic31  
Net income (loss) available to common stockholders, diluted:3,156(8,877)(900)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):4,408(7,139)473
Other comprehensive income 46 
Comprehensive income (loss):4,408(7,093)473
Other undisclosed comprehensive loss, net of tax, attributable to parent(82)  
Comprehensive income (loss), net of tax, attributable to parent:4,325(7,093)473

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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