Parkway Acquisition Corp. (PKKW) financial statements (2022 and earlier)

Company profile

Business Address 101 JACKSONVILLE CIRCLE
FLOYD, VA 24091
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,33594,87244,38740,00722,87535,908
Cash and cash equivalents20,33594,87244,38740,00722,87535,908
Total current assets:20,33594,87244,38740,00722,87535,908
Noncurrent Assets
Operating lease, right-of-use asset 680729
Property, plant and equipment30,85626,59123,43720,68517,64617,970
Intangible assets, net (including goodwill), including:5,0215,6166,3273,8922,0452,327
Goodwill3,2573,2573,2573,198  
Intangible assets, net (excluding goodwill)1,7642,3593,070   
Other undisclosed intangible assets, net (including goodwill)   6942,0452,327
Deferred income tax assets1,1221,019985
Total noncurrent assets:36,99933,90631,47824,57719,69120,297
Other undisclosed assets938,514726,609630,425615,700505,395502,651
TOTAL ASSETS:995,848855,387706,290680,284547,961558,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities910,654770,281624,862604,662490,779503,390
Total liabilities:910,654770,281624,862604,662490,779503,390
Stockholders' equity
Stockholders' equity attributable to parent85,19485,10681,42875,62257,18255,466
Additional paid in capital33,58839,74040,75241,66026,16626,166
Accumulated other comprehensive loss(2,139)(521)(924)(1,967)(1,510)(1,354)
Retained earnings53,74545,88741,60035,92932,52630,654
Total stockholders' equity:85,19485,10681,42875,62257,18255,466
TOTAL LIABILITIES AND EQUITY:995,848855,387706,290680,284547,961558,856

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues35,02132,05930,80226,18625,49020,331
Net investment income34,75631,74430,80226,18622,27417,562
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(723)(1,189)(655)   
Gross profit:34,29830,87030,14726,18625,49020,331
Operating expenses(4,461)(4,126)(4,076)(5,065)(13,924)(11,482)
Other operating income, net
(Noninterest Income, Other Operating Income)
649257 122326164
Operating income:30,48627,00126,07121,24311,8929,013
Nonoperating income446449 4337011,642
Investment income, nonoperating    2571,260
Bank owned life insurance income446449 433444382
Interest and debt expense(2,429)(3,440)(2,869)(1,901)(1,474)(1,728)
Income from continuing operations before equity method investments, income taxes:28,50324,01023,20219,77511,1198,927
Other undisclosed loss from continuing operations before income taxes(16,598)(16,696)(14,267)(14,035)(5,588)(5,334)
Income from continuing operations before income taxes:11,9057,3148,9355,7405,5313,593
Income tax expense(2,423)(1,445)(1,780)(1,214)(3,104)(1,175)
Net income available to common stockholders, diluted:9,4825,8697,1554,5262,4272,418

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:9,4825,8697,1554,5262,4272,418
Other comprehensive income (loss)441(128)63(51)(44)(172)
Comprehensive income:9,9235,7417,2184,4752,3832,246
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,059)531980(406)136(458)
Comprehensive income, net of tax, attributable to parent:7,8646,2728,1984,0692,5191,788

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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