Monarch Financial Holdings Inc (MNRK) financial statements (2021 and earlier)

Company profile

Business Address 1435 CROSSWAYS BOULEVARD
CHESAPEAKE, VA 23320
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73   
Cash and cash equivalents73   
Total current assets:73   
Noncurrent Assets
Property, plant and equipment29302925
Intangible assets, net (including goodwill)1111
Goodwill1111
Intangible assets, net (excluding goodwill)  00
Total noncurrent assets:30313027
Other undisclosed assets1,0591,0369871,189
TOTAL ASSETS:1,1611,0671,0171,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   5
Total current liabilities:   5
Noncurrent Liabilities
Other undisclosed liabilities1,0449599191,122
Total liabilities:1,0449599191,127
Stockholders' equity
Stockholders' equity attributable to parent, including:1181079887
Common stock57525142
Additional paid in capital178713
Accumulated other comprehensive loss(0)(0)(0)(0)
Retained earnings43473931
Other undisclosed stockholders' equity attributable to parent   2
Stockholders' equity attributable to noncontrolling interest0002
Total stockholders' equity:1181089889
TOTAL LIABILITIES AND EQUITY:1,1611,0671,0171,216

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net investment income41   
Financial services revenue83(0)  
Gross profit:133110114136
Operating expenses (92)(96)(115)
Other operating income, net
(Noninterest Income, Other Operating Income)
 001
Operating income:133181922
Nonoperating income (expense) 00(0)
Losses on sales of other real estate (0)(0)(0)
Bank owned life insurance income 000
Interest and debt expense(3)(4)(5)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(108)345
Income from continuing operations before income taxes:21181921
Income tax expense(8)(6)(6)(7)
Net income:13111214
Net loss attributable to noncontrolling interest(0)(0)(1)(1)
Net income attributable to parent:13111113
Preferred stock dividends and other adjustments   (1)
Net income available to common stockholders, diluted:13111111

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:13111214
Other comprehensive income (loss)(0)0(0)0
Comprehensive income:13121214
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)011
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(2)(2)
Comprehensive income, net of tax, attributable to parent:13121113

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: