Select Bancorp, Inc. (SLCT) financial statements (2021 and earlier)

Company profile

Business Address MARK A JEFFRIES
DUNN, NC 283351988
State of Incorp. NC
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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111152139127119145162
Cash and cash equivalents1117913963566358
Short-term investments 73 656381103
Total current assets:111152139127119145162
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment21181818181918
Intangible assets, net (including goodwill)44262728889
Goodwill43252525777
Intangible assets, net (excluding goodwill)2223112
Deferred costs 000000
Total noncurrent assets:74534546262827
Other undisclosed assets1,5461,0701,0741,020702645578
TOTAL ASSETS:1,7301,2751,2591,194847817766
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  728373021
Deferred compensation liability 333222
Total current liabilities: 31031393223
Noncurrent Liabilities
Long-term debt and lease obligation 9     
Operating lease, liability 9
Total noncurrent liabilities: 9     
Other undisclosed liabilities1,5151,0511,0391,027703681646
Total liabilities:1,5151,0621,0491,058742712668
Stockholders' equity
Stockholders' equity attributable to parent, including:21521321013610410598
Preferred stock     88
Common stock18181914121211
Additional paid in capital13514115196706968
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares23332 (2)
Deferred compensation equity     22
Accumulated other comprehensive income (loss)21(0)0001
Retained earnings6153402623169
Other undisclosed stockholders' equity attributable to parent(2)(3)(3)(3)(2)(2) 
Total stockholders' equity:21521321013610410598
TOTAL LIABILITIES AND EQUITY:1,7301,2751,2591,194847817766

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues61555441363527
Net investment income61555438333224
Cost of revenue(6)  (8)   
Provision for loan, lease, and other losses(6)  
Financial services costs(8)   
Gross profit:55555433363527
Operating expenses(10)(9)(8)(20)(18)(18)(17)
Operating income:45464513181710
Nonoperating income      0
Investment income, nonoperating      0
Losses on sales of other real estate      (0)
Bank owned life insurance income      0
Interest and debt expense(12)(12)(9)(5)(4)(4)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(22)(17)(18)1(4)(4)(2)
Income from continuing operations before income taxes:101718910104
Income tax expense(2)(4)(4)(6)(4)(3)(1)
Net income attributable to parent:813143772
Preferred stock dividends and other adjustments    (0)(0)(0)
Net income available to common stockholders, diluted:813143762

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:813143772
Other comprehensive income (loss)11(0)0(0)(0)1
Comprehensive income, net of tax, attributable to parent:914133763

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: