NEW BANCORP INC (NWBB) Financial Statements (2023 and Earlier)

Company Profile

Business Address 45 NORTH WHITTAKER STREET
NEW BUFFALO, MI 49117
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,7939,8578,810
Cash and cash equivalents15,7939,8578,810
Total current assets:15,7939,8578,810
Noncurrent Assets
Inventory, real estate 586245
Property, plant and equipment1,8941,9342,024
Total noncurrent assets:1,8942,5202,269
Other undisclosed assets109,19290,84183,966
TOTAL ASSETS:126,879103,21895,045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt2,1002,400 
Due to related parties2,1002,400 
Total noncurrent liabilities:2,1002,400 
Other undisclosed liabilities109,42786,24979,971
Total liabilities:111,52788,64979,971
Temporary equity, carrying amount16073 
Stockholders' equity
Stockholders' equity attributable to parent, including:15,19214,49615,030
Common stock777
Additional paid in capital5,8275,7615,754
Retained earnings9,9909,3029,836
Unearned esop shares(472)(501)(523)
Other undisclosed stockholders' equity attributable to parent(160)(73)(44)
Other undisclosed stockholders' equity  44
Total stockholders' equity:15,19214,49615,074
TOTAL LIABILITIES AND EQUITY:126,879103,21895,045

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

12/31/2017
12/31/2016
12/31/2015
Revenues6,2594,3953,908
Net investment income4,4323,4243,230
Financial services revenue1,827971678
Cost of revenue
(Financial Services Costs)
(70)  
Gross profit:6,1894,3953,908
Operating expenses(4,002)(3,749)(2,919)
Other operating income, net
(Noninterest Income, Other Operating Income)
223723
Operating income:2,2096831,012
Nonoperating income186192139
Gains (losses) on sales of other real estate1521(27)
Bank owned life insurance income171171166
Interest and debt expense(1,015)(721)(733)
Net income:1,380154418
Other undisclosed net loss attributable to parent(692)(688)(591)
Net income (loss) available to common stockholders, diluted:688(534)(173)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
Net income:1,380154418
Comprehensive income:1,380154418
Other undisclosed comprehensive loss, net of tax, attributable to parent  (591)
Comprehensive income (loss), net of tax, attributable to parent:1,380154(173)

Statements Sources

The financial statements are based on the Company's filings with 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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