Georgetown Bancorp Inc (GTWN) financial statements (2022 and earlier)

Company profile

Business Address 2 EAST MAIN STREET
GEORGETOWN, MA 01833
State of Incorp. MD
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 investments, including:6,1297,7584,9186,2956,789
Cash and cash equivalents2,9451,9272,382  
Short-term investments3,1845,8312,5363,0054,561
Other undisclosed cash, cash equivalents, and short-term investments   3,2902,228
Disposal group, including discontinued operation  990  
Total current assets:6,1297,7585,9086,2956,789
Noncurrent Assets
Property, plant and equipment4,1333,8373,8193,6693,753
Total noncurrent assets:4,1333,8373,8193,6693,753
Other undisclosed assets308,370284,907261,293253,069201,060
TOTAL ASSETS:318,632296,502271,020263,033211,602
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt17,25023,50030,000  
Total current liabilities:17,25023,50030,000  
Noncurrent Liabilities
Other undisclosed liabilities269,226241,094210,308234,091181,039
Total liabilities:286,476264,594240,308234,091181,039
Stockholders' equity
Stockholders' equity attributable to parent, including:32,15631,90830,71228,94230,563
Common stock1818181819
Additional paid in capital19,87119,40219,24519,21220,669
Accumulated other comprehensive income (loss)(41)46143(389)183
Retained earnings13,63513,78812,59311,38810,958
Other undisclosed stockholders' equity attributable to parent(1,327)(1,346)(1,287)(1,287)(1,266)
Total stockholders' equity:32,15631,90830,71228,94230,563
TOTAL LIABILITIES AND EQUITY:318,632296,502271,020263,033211,602

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues13,06412,17411,747  
Net investment income12,22011,30010,598  
Cost of revenue
(Financial Services Costs)
(194)(200)(98)(708)(200)
Gross profit:12,87011,97411,649(708)(200)
Operating expenses(9,712)(8,525)(8,745)(6,484)(6,001)
Operating income (loss):3,1583,4492,904(7,192)(6,201)
Nonoperating income1051021017696
Losses on sales of other real estate   (25)(5)
Bank owned life insurance income105102101101101
Interest and debt expense(2,468)(1,726)(1,448)(1,172)(1,688)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(184)6247729,4439,300
Income from continuing operations before income taxes:6112,4492,3291,1551,507
Income tax expense(417)(931)(850)(420)(559)
Net income available to common stockholders, diluted:1941,5181,479735948

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1941,5181,479735948
Other comprehensive loss(87)(97)(297)  
Comprehensive income:1071,4211,182735948
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  829(572)49
Comprehensive income, net of tax, attributable to parent:1071,4212,011163997

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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