Southcoast Financial Corp (SOCB) financial statements (2020 and earlier)

Company profile

Business Address POST OFFICE BOX 1561
MT PLEASANT, SC 29465
State of Incorp. SC
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)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 34  
Cash and cash equivalents 34  
Total current assets: 34  
Noncurrent Assets
Property, plant and equipment19202122
Total noncurrent assets:19202122
Other undisclosed assets484423426417
TOTAL ASSETS:503477447438
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7456
Total current liabilities:7456
Noncurrent Liabilities
Other undisclosed liabilities444426400398
Total liabilities:451430405404
Stockholders' equity
Stockholders' equity attributable to parent52474334
Common stock55555554
Accumulated other comprehensive loss(1)(1)(2)(1)
Accumulated deficit(2)(6)(10)(19)
Total stockholders' equity:52474334
TOTAL LIABILITIES AND EQUITY:503477447438

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net investment income1918  
Gross profit:2120  
Operating expenses(10)(10)(9)(8)
Other operating income, net
(Noninterest Income, Other Operating Income)
0000
Operating income (loss):1110(9)(8)
Nonoperating income 101
Gains on sales of other real estate 101
Interest and debt expense(3)(4)(4)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)(2)1515
Income from continuing operations before income taxes:6524
Income tax expense (benefit)(2)(2)7(0)
Net income available to common stockholders, diluted:4494

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:4494
Other comprehensive income (loss)01(1)(0)
Comprehensive income, net of tax, attributable to parent:4583

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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