HCSB Financial Corp (HCFB) financial statements (2020 and earlier)

Company profile

Business Address 5009 BROAD STREET
LORIS, SC 29569
State of Incorp. SC
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 millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2522292847
Cash and cash equivalents2522292847
Prepaid expense0010
Prepaid expense and other current assets1
Total current assets:2623292947
Noncurrent Assets
Property, plant and equipment1416202122
Other noncurrent assets1110
Total noncurrent assets:1516212122
Other undisclosed assets335323372385400
TOTAL ASSETS:376362422435469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt222  
Total current liabilities:222  
Noncurrent Liabilities
Other undisclosed liabilities339372431451481
Total liabilities:341374433451481
Stockholders' equity
Stockholders' equity attributable to parent, including:35(12)(11)(16)(12)
Preferred stock 13131313
Common stock 0000
Additional paid in capital6830303030
Accumulated other comprehensive income (loss)(3)(2)(1)(6)0
Accumulated deficit(35)(55)(55)(54)(56)
Warrants and rights outstanding 1111
Other undisclosed stockholders' equity attributable to parent5    
Total stockholders' equity:35(12)(11)(16)(12)
TOTAL LIABILITIES AND EQUITY:376362422435469

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues131617 0
Net investment income121416  
Financial services revenue121(0)0
Cost of revenue(0)(0)(1) (11)
Cost of goods and services sold(0)(0)(0) (0)
Financial services costs  (1) (11)
Gross profit:131516 (11)
Operating expenses(9)(8)(9)(10)(8)
Other operating income, net
(Noninterest Income, Other Operating Income)
00000
Operating income (loss):487(8)(18)
Nonoperating income001  
Investment income, nonoperating000  
Bank owned life insurance income  1  
Interest and debt expense16(4)(5)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(14)(4)(3)1515
Income (loss) from continuing operations before income taxes:7(0)(0)2(10)
Income tax expense(1)(0)(0)  
Net income (loss) attributable to parent:6(0)(0)2(10)
Preferred stock dividends and other adjustments (2)(1)(1)(1)
Other undisclosed net income (loss) available to common stockholders, basic14 (0)(0)(0)
Net income (loss) available to common stockholders, basic:20(2)(1)1(10)
Dilutive securities, effect on basic earnings per share5,791    
Net income (loss) available to common stockholders, diluted:5,811(2)(1)1(10)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):6(0)(0)2(10)
Other comprehensive income (loss)(2)(1)5(6)3
Comprehensive income (loss), net of tax, attributable to parent:5(1)5(5)(7)

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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