GRANDSOUTH BANCORPORATION (GRRB) financial statements (2022 and earlier)

Company profile

Business Address 381 HALTON ROAD
GREENVILLE, SC 29606
State of Incorp. SC
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments124
Cash and cash equivalents124
Total current assets:124
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset2
Property, plant and equipment18
Intangible assets, net (including goodwill)1
Goodwill1
Regulated entity, other noncurrent assets0
Deferred income tax assets3
Total noncurrent assets:24
Other undisclosed assets1,056
TOTAL ASSETS:1,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5
Total current liabilities:5
Noncurrent Liabilities
Other undisclosed liabilities1,101
Total liabilities:1,106
Stockholders' equity
Stockholders' equity attributable to parent97
Additional paid in capital45
Accumulated other comprehensive income1
Retained earnings52
Total stockholders' equity:97
TOTAL LIABILITIES AND EQUITY:1,204

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

12/31/2021
Revenues56
Net investment income55
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)
Gross profit:55
Operating expenses(3)
Other operating income, net
(Noninterest Income, Other Operating Income)
1
Operating income:53
Nonoperating income
(Bank Owned Life Insurance Income)
0
Interest and debt expense(5)
Income from continuing operations before equity method investments, income taxes:48
Other undisclosed loss from continuing operations before income taxes(27)
Income from continuing operations before income taxes:21
Income tax expense(5)
Net income attributable to parent:16
Preferred stock dividends and other adjustments(0)
Net income available to common stockholders, diluted:16

Comprehensive Income ($ in millions)

12/31/2021
Net income:16
Other comprehensive loss(1)
Comprehensive income:15
Other undisclosed comprehensive income, net of tax, attributable to parent0
Comprehensive income, net of tax, attributable to parent:15

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: