Select Bancorp, Inc. (SLCT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments152139127119145162158
Cash and cash equivalents791396356635873
Short-term investments73 65638110385
Total current assets:152139127119145162158
Noncurrent Assets
Operating lease, right-of-use asset9
Property, plant and equipment18181818191811
Intangible assets, net (including goodwill)2627288890
Goodwill252525777 
Intangible assets, net (excluding goodwill)2231120
Deferred costs000000 
Total noncurrent assets:53454626282711
Other undisclosed assets1,0701,0741,020702645578357
TOTAL ASSETS:1,2751,2591,194847817766526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 7283730216
Deferred compensation liability3332222
Total current liabilities:310313932238
Noncurrent Liabilities
Long-term debt and lease obligation9      
Operating lease, liability9
Total noncurrent liabilities:9      
Other undisclosed liabilities1,0511,0391,027703681646462
Total liabilities:1,0621,0491,058742712668470
Stockholders' equity
Stockholders' equity attributable to parent, including:2132101361041059856
Preferred stock    88 
Common stock1819141212117
Additional paid in capital1411519670696842
Deferred employee stock ownership plan, issuance of shares or sale of treasury shares3332 (2) 
Deferred compensation equity    22 
Accumulated other comprehensive income (loss)1(0)0001(0)
Retained earnings534026231697
Other undisclosed stockholders' equity attributable to parent(3)(3)(3)(2)(2)  
Total stockholders' equity:2132101361041059856
TOTAL LIABILITIES AND EQUITY:1,2751,2591,194847817766526

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues555441363527 
Net investment income555438333224 
Cost of revenue
(Financial Services Costs)
  (8)    
Gross profit:555433363527 
Operating expenses(9)(8)(20)(18)(18)(17)(10)
Operating income (loss):464513181710(10)
Nonoperating income (expense)     0(0)
Investment income, nonoperating     0 
Losses on sales of other real estate     (0)(0)
Bank owned life insurance income     00
Interest and debt expense(12)(9)(5)(4)(4)(5)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(17)(18)1(4)(4)(2)20
Income from continuing operations before income taxes:17189101045
Income tax expense(4)(4)(6)(4)(3)(1)(2)
Net income attributable to parent:131437723
Preferred stock dividends and other adjustments   (0)(0)(0) 
Net income available to common stockholders, diluted:131437623

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:131437723
Other comprehensive income (loss)1(0)0(0)(0)1(1)
Comprehensive income, net of tax, attributable to parent:141337632

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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