Independence Bancshares Inc (IEBS) financial statements (2021 and earlier)

Company profile

Business Address 500 E. WASHINGTON STREET
GREENVILLE, SC 29602
State of Incorp. SC
Fiscal Year End December 31
SIC 6021 - National 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 investments1325271423
Cash and cash equivalents1114111423
Short-term investments21116  
Total current assets:1325271423
Noncurrent Assets
Property, plant and equipment22232
Total noncurrent assets:22232
Other undisclosed assets75717287100
TOTAL ASSETS:9097101104125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt000  
Total current liabilities:000  
Noncurrent Liabilities
Other undisclosed liabilities80859190104
Total liabilities:81859190104
Stockholders' equity
Stockholders' equity attributable to parent, including:101391421
Additional paid in capital4343353534
Accumulated other comprehensive income (loss)(0)00(1)0
Accumulated deficit(33)(31)(26)(19)(13)
Other undisclosed stockholders' equity attributable to parent00000
Total stockholders' equity:101391421
TOTAL LIABILITIES AND EQUITY:9097101104125

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues434  
Net investment income333  
Financial services revenue100  
Cost of revenue
(Financial Services Costs)
(0)(0) (0) 
Gross profit:334(0) 
Operating expenses(5)(8)(10)(6)(2)
Operating loss:(1)(4)(6)(6)(2)
Nonoperating expense(1)(0)(1)(2)(0)
Losses on sales of other real estate(1)(0)(1)(2)(0)
Interest and debt expense(0)(0)(0)(0)(1)
Loss from continuing operations before equity method investments, income taxes:(2)(5)(7)(8)(3)
Other undisclosed income (loss) from continuing operations before income taxes(0)0023
Loss from continuing operations before income taxes:(3)(5)(7)(6)(1)
Income tax expense (benefit)1(0)2 0
Net loss:(2)(5)(4)(6)(0)
Other undisclosed net loss attributable to parent(1) (2) (0)
Net loss available to common stockholders, diluted:(3)(5)(7)(6)(1)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(2)(5)(4)(6)(0)
Other comprehensive income (loss)(0)0   
Comprehensive loss:(2)(5)(4)(6)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(1) (1)(1)(0)
Comprehensive loss, net of tax, attributable to parent:(3)(5)(5)(7)(1)

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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