Southeastern Bank Financial Corp (GBFP) Financial Statements (2024 and earlier)

Company Profile

Business Address 3530 WHEELER RD
AUGUSTA, GA 30909
State of Incorp. GA
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)

9/30/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 42,91735,995  
Cash and cash equivalents 42,91735,995  
Disposal group, including discontinued operation  18,365  
Total current assets: 42,91754,360  
Noncurrent Assets
Property, plant and equipment 27,39827,84227,00326,145
Intangible assets, net (including goodwill) 140140140140
Goodwill 140140140140
Total noncurrent assets: 27,53827,98227,14326,285
Other undisclosed assets 1,769,9101,650,4391,662,1831,636,217
TOTAL ASSETS: 1,840,3651,732,7811,689,3261,662,502
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 15,68410,678  
Total current liabilities: 15,68410,678  
Noncurrent Liabilities
Other undisclosed liabilities 1,654,7681,566,8171,557,7571,526,719
Total liabilities: 1,670,4521,577,4951,557,7571,526,719
Equity
Equity, attributable to parent 169,913155,286131,569135,783
Common stock 20,23720,23520,04120,041
Treasury stock, value  (18)(3)(73)
Additional paid in capital 63,63763,09662,86362,835
Accumulated other comprehensive income (loss) (1,211)71(10,101)7,952
Retained earnings 87,25071,90258,76945,028
Total equity: 169,913155,286131,569135,783
TOTAL LIABILITIES AND EQUITY: 1,840,3651,732,7811,689,3261,662,502

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

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 78,94177,918  
Net investment income 62,48460,950  
Financial services revenue 16,45716,968  
Cost of revenue
(Financial Services Costs)
  (3,492)  
Gross profit: 78,94174,426  
Operating expenses (35,265)(33,481)(23,311)(26,159)
Other operating income, net
(Noninterest Income, Other Operating Income)
 936835897756
Operating income (loss): 44,61241,780(22,414)(25,403)
Nonoperating income (expense) 1,3612,969545(682)
Investment income, nonoperating  2,034 (9)
Gains (losses) on sales of other real estate 102(228)(642)(1,785)
Bank owned life insurance income 1,2591,1631,1871,112
Interest and debt expense (8,227)(8,886)(9,514)(12,034)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (9,213)(11,749)54,87659,040
Income from continuing operations before income taxes: 28,53324,11423,49320,921
Income tax expense (9,138)(7,482)(7,147)(6,486)
Income from continuing operations: 19,39516,63216,34614,435
Income before gain (loss) on sale of properties: 19,39516,63216,34614,435
Net income available to common stockholders, diluted: 19,39516,63216,34614,435

Comprehensive Income ($ in thousands)

9/30/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 19,39516,63216,34614,435
Other comprehensive income (loss) 817(6,476)  
Comprehensive income: 20,21210,15616,34614,435
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2,099)16,648(18,053)4,316
Comprehensive income (loss), net of tax, attributable to parent: 18,11326,804(1,707)18,751

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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