Salisbury Bancorp, Inc. (SAL) financial statements (2022 and earlier)

Company profile

Business Address 5 BISSELL ST
LAKEVILLE, CT 06039-1868
State of Incorp. CT
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments17593275848  
Cash and cash equivalents17593275848  
Receivables  (9)(8)(7)  
Assets held-for-sale, not part of disposal group330 1  
Total current assets:17896185142  
Noncurrent Assets
Finance lease, right-of-use asset  2
Operating lease, right-of-use asset  1
Nontrade receivables66333  
Property, plant and equipment2320171816  
Long-term investments and receivables    79  
Long-term investments    79  
Intangible assets, net (including goodwill)1414151516  
Goodwill1414141414  
Intangible assets, net (excluding goodwill)01112  
Regulated entity, other noncurrent assets000    
Total noncurrent assets:43413937114  
Other undisclosed assets1,3081,1561,0561,034831  
TOTAL ASSETS:1,5291,2941,1121,122987  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1111111
Employee-related liabilities1111111
Debt4832727156  
Total current liabilities:493273725711
Noncurrent Liabilities
Liabilities, other than long-term debt  00011
Liability, pension and other postretirement and postemployment benefits  00011
Total noncurrent liabilities:  00011
Other undisclosed liabilities1,3441,137926945832  
Total liabilities:1,3931,1699991,01888911
Stockholders' equity
Stockholders' equity attributable to parent, including:13712511410398  
Common stock   0   
Additional paid in capital4645444443  
Deferred compensation equity(1)(1)(1)(1)(1)  
Accumulated other comprehensive income (loss)131(0)0  
Retained earnings9077686055  
Other undisclosed stockholders' equity attributable to parent000 0  
Total stockholders' equity:13712511410398  
TOTAL LIABILITIES AND EQUITY:1,5291,2941,1121,12298711

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4946474343  
Net investment income4443433935  
Financial services revenue8  
Cost of revenue (5)(1)(2)(1)  
Provision for loan, lease, and other losses (5)(1)(2)
Financial services costs(1)  
Gross profit:4941464142  
Operating expenses(24)(21)(21)(22)(21)(1)(0)
Other operating income, net
(Noninterest Income, Other Operating Income)
00000  
Operating income (loss):2520252021(1)(0)
Nonoperating income (expense)10(0)020 
Investment income, nonoperating     0 
Gains (losses) on sales of other real estate  (0)(0)2  
Bank owned life insurance income1001   
Interest and debt expense(3)(5)(9)(7)(4)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(1)(2)(2)(10)  
Income (loss) from continuing operations before income taxes:211413119(1)(0)
Income tax expense(4)(2)(2)(2)(3)  
Net income (loss) attributable to parent:16121196(1)(0)
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, basic:16121196(1)(0)
Dilutive securities, effect on basic earnings per share33333  
Net income (loss) available to common stockholders, diluted:191514119(1)(0)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):16121196(1)(0)
Other comprehensive income (loss)(2)22(0)(0)  
Comprehensive income (loss), net of tax, attributable to parent:14141386(1)(0)

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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