Prime Meridian Holding Co (PMHG) financial statements (2022 and earlier)

Company profile

Business Address 1897 CAPITAL CIRCLE, NE
TALLAHASSEE, FL 32308
State of Incorp. FL
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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments179,50446,42450,46948,03832,39736,1658,429
Cash and cash equivalents179,50446,42450,46948,03832,39736,1658,429
Total current assets:179,50446,42450,46948,03832,39736,1658,429
Noncurrent Assets
Operating lease, right-of-use asset3,2583,4663,669
Property, plant and equipment7,9628,2487,7444,6564,8724,9294,222
Deferred income tax assets843394362
Total noncurrent assets:12,06312,10811,7754,6564,8724,9294,222
Other undisclosed assets649,556588,762438,617349,008309,911262,847231,393
TOTAL ASSETS:841,123647,294500,861401,702347,180303,941244,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities774,092587,039444,993350,882300,207276,859219,111
Total liabilities:774,092587,039444,993350,882300,207276,859219,111
Stockholders' equity
Stockholders' equity attributable to parent67,03160,25555,86850,82046,97327,08224,933
Common stock31313231312020
Additional paid in capital38,90938,56839,45638,33037,95320,73220,415
Accumulated other comprehensive income (loss)(73)1,401200(556)(296)(233)56
Retained earnings28,16420,25516,18013,0159,2856,5634,442
Total stockholders' equity:67,03160,25555,86850,82046,97327,08224,933
TOTAL LIABILITIES AND EQUITY:841,123647,294500,861401,702347,180303,941244,044

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues23,31820,29017,67715,10313,54411,3609,199
Net investment income23,31820,29017,67715,10311,96810,0738,406
Cost of revenue (2,850)(1,131)(591)(256)(424)(433)
Provision for loan, lease, and other losses (2,850)(1,131)(591)
Financial services costs(256)(424)(433)
Gross profit:23,31817,44016,54614,51213,28810,9368,766
Operating expenses(2,736)(2,379)(2,522)(1,983)(6,897)(5,871)(5,339)
Operating income:20,58215,06114,02412,5296,3915,0653,427
Nonoperating income
(Bank Owned Life Insurance Income)
271184  464949
Interest and debt expense(2,080)(3,004)(3,569)(2,307)(1,181)(830)(717)
Income from continuing operations before equity method investments, income taxes:18,77312,24110,45510,2225,2564,2842,759
Other undisclosed loss from continuing operations before income taxes(7,909)(6,488)(5,821)(4,960)(704)(847)(211)
Income from continuing operations before income taxes:10,8645,7534,6345,2624,5523,4372,548
Income tax expense(2,517)(1,295)(1,092)(1,220)(1,735)(1,217)(844)
Net income available to common stockholders, diluted:8,3474,4583,5424,0422,8172,2201,704

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:8,3474,4583,5424,0422,8172,2201,704
Other comprehensive loss(501)(408)(257)    
Comprehensive income:7,8464,0503,2854,0422,8172,2201,704
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(973)1,6091,013(260)(63)(289)2
Comprehensive income, net of tax, attributable to parent:6,8735,6594,2983,7822,7541,9311,706

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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