Highlands Bankshares, Inc. (HLND) financial statements (2020 and earlier)

Company profile

Business Address 340 W MAIN ST
ABINGDON, VA 24210
State of Incorp. VA
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 303184789584
Cash and cash equivalents 303150475684
Short-term investments   333139 
Assets held-for-sale, not part of disposal group   1 
Total current assets: 303185789584
Noncurrent Assets
Inventory, real estate 11   
Property, plant and equipment 171818212020
Long-term investments and receivables   405426402397
Accounts and financing receivable, after allowance for credit loss   405426402397
Deferred costs    (1)(1)(1)
Total noncurrent assets: 1820423446421417
Other undisclosed assets 544544105928998
TOTAL ASSETS: 592594613617605598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 30102820202,350
Total current liabilities: 30102820202,350
Noncurrent Liabilities
Other undisclosed liabilities 505530531543532(1,785)
Total liabilities: 535540559563552565
Stockholders' equity
Stockholders' equity attributable to parent 575454545333
Preferred stock 44444 
Common stock 555553
Additional paid in capital 19191918188
Accumulated other comprehensive income (loss) (2)(1)(1)(0)0(1)
Retained earnings 302727272523
Total stockholders' equity: 575454545333
TOTAL LIABILITIES AND EQUITY: 592594613617605598

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 23242726  
Net investment income 22212323  
Cost of revenue (1)(2)  (2)(2)
Cost of goods and services sold  (2)  (1)(1)
Provision for loan, lease, and other losses (1)
Financial services costs   (1)(1)
Gross profit: 22222726(2)(2)
Operating expenses (5)(15)(15)(13)(12)(13)
Operating income (loss): 1781213(14)(16)
Nonoperating income  11111
Investment income, nonoperating  0000(1)
Bank owned life insurance income     00
Profit from real estate operations  11111
Interest and debt expense (3)(4)(4)(5)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (9)1(9)(9)2020
Income (loss) from continuing operations before income taxes: 55(0)02(1)
Income tax expense (benefit) (1)(6)0113
Net income (loss) available to common stockholders, diluted: 4(0)0131

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 4(0)0131
Other comprehensive income (loss) (1)0    
Comprehensive income (loss): 3(0)0131
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (1)(0)11
Comprehensive income (loss), net of tax, attributable to parent: 3(0)(1)133

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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