Oconee Federal Financial Corp. (OFED) financial statements (2022 and earlier)

Company profile

Business Address 115 E. NORTH SECOND STREET
SENECA, SC 29678
State of Incorp.
Fiscal Year End June 30
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,67730,64934,58236,6909,91020,74527,676
Cash and cash equivalents7,67730,64934,58236,6909,91020,74527,676
Total current assets:7,67730,64934,58236,6909,91020,74527,676
Noncurrent Assets
Property, plant and equipment8,7618,9729,3678,1346,8176,5746,811
Intangible assets, net (including goodwill)2,6932,7272,8042,8983,0103,1613,337
Goodwill2,5932,5932,5932,5932,5932,5932,593
Intangible assets, net (excluding goodwill)100134211305417568744
Deferred income tax assets1,240787365
Total noncurrent assets:12,69412,48612,53611,0329,8279,73510,148
Other undisclosed assets516,630500,581468,464480,104468,222450,837447,816
TOTAL ASSETS:537,001543,716515,582527,826487,959481,317485,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 10,000 19,00014,500  
Total current liabilities: 10,000 19,00014,500  
Noncurrent Liabilities
Other undisclosed liabilities449,344445,616427,277420,529388,594395,356400,239
Total liabilities:449,344455,616427,277439,529403,094395,356400,239
Stockholders' equity
Stockholders' equity attributable to parent87,65788,10088,30588,29784,86585,96185,401
Common stock66666565656565
Treasury stock, value(10)(10)(9)(8)(7)(7)(6)
Additional paid in capital6,4106,4007,34210,98612,00011,94012,882
Accumulated other comprehensive income (loss)(516)9412,243394(2,528)(202)1,808
Retained earnings81,81680,91579,07177,46476,13675,16971,909
Unearned esop shares(109)(212)(407)(604)(801)(1,004)(1,257)
Total stockholders' equity:87,65788,10088,30588,29784,86585,96185,401
TOTAL LIABILITIES AND EQUITY:537,001543,716515,582527,826487,959481,317485,640

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues12,50916,89018,89118,80617,72518,03018,717
Net investment income12,27816,66818,71018,84617,04617,15417,755
Cost of revenue  (50)(218)(108)(203)(451)
Provision for loan, lease, and other losses  (50)(218)
Financial services costs(108)(203)(451)
Gross profit:12,50916,89018,84118,58817,61717,82718,266
Operating expenses(320)(429)(467)(415)(454)(408)(427)
Other operating income, net
(Noninterest Income, Other Operating Income)
4      
Operating income:12,19316,46118,37418,17317,16317,41917,839
Nonoperating income
(Bank Owned Life Insurance Income)
346456459468483514514
Interest and debt expense(1,062)(1,821)(3,894)(3,593)(1,810)(1,324)(1,189)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4,734 (10,175)(10,454)(11,096)(9,606)(9,886)
Income from continuing operations before equity method investments, income taxes:16,21115,0964,7644,5944,7407,0037,278
Other undisclosed loss from continuing operations before income taxes(12,608)(9,967)     
Income from continuing operations before income taxes:3,6035,1294,7644,5944,7407,0037,278
Income tax expense(645)(1,064)(900)(874)(1,705)(1,478)(2,032)
Net income attributable to parent:2,9584,0653,8643,7203,0355,5255,246
Undistributed earnings (loss) allocated to participating securities, basic(7)(6)(2)(3)(4)(11)
Other undisclosed net loss available to common stockholders, basic(4)(4)(2)(3)(4)(8)(37)
Net income available to common stockholders, diluted:2,9474,0553,8603,7143,0275,5065,209

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:2,9584,0653,8643,7203,0355,5255,246
Other comprehensive income (loss)(1,629) 1,8493,031(2,134)  
Other undisclosed comprehensive income1,785      
Comprehensive income:3,1144,0655,7136,7519015,5255,246
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,963)(1,302)   (2,010)1,834
Comprehensive income, net of tax, attributable to parent:1,1512,7635,7136,7519013,5157,080

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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