Monarch Community Bancorp Inc (MCBF) financial statements (2022 and earlier)

Company profile

Business Address 375 N WILLOWBROOK RD
COLDWATER, MI 49036
State of Incorp. MD
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 thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 28,744
Cash and cash equivalents 28,744
Total current assets: 28,744
Noncurrent Assets
Property, plant and equipment3,8803,980
Long-term investments and receivables3,370 
Long-term investments3,370 
Intangible assets, net (including goodwill)107
Intangible assets, net (excluding goodwill) 107
Total noncurrent assets:7,2504,087
Other undisclosed assets163,717157,492
TOTAL ASSETS:170,967190,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities151,246179,856
Total liabilities:151,246179,856
Stockholders' equity
Stockholders' equity attributable to parent19,72110,467
Preferred stock 6,773
Common stock43320
Additional paid in capital39,34420,994
Accumulated other comprehensive income (loss)(152)122
Accumulated deficit(19,630)(17,075)
Unearned esop shares(274)(367)
Total stockholders' equity:19,72110,467
TOTAL LIABILITIES AND EQUITY:170,967190,323

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

12/31/2013
12/31/2012
Revenues
(Financial Services Revenue)
218238
Cost of revenue
(Financial Services Costs)
(437) 
Gross profit:(219)238
Operating expenses(8,693)(7,663)
Operating loss:(8,912)(7,425)
Nonoperating income (expense)
(gains on Sales of Other Real Estate)
15 
Interest and debt expense(1,168)(2,106)
Other undisclosed income from continuing operations before equity method investments, income taxes7,9099,178
Loss from continuing operations before income taxes:(2,156)(353)
Income tax expense(38)(161)
Net loss:(2,194)(514)
Other undisclosed net income attributable to parent 161
Net loss attributable to parent:(2,194)(353)
Preferred stock dividends and other adjustments(361)(388)
Net loss available to common stockholders, diluted:(2,555)(741)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(2,194)(514)
Comprehensive loss:(2,194)(514)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(274)206
Comprehensive loss, net of tax, attributable to parent:(2,468)(308)

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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