SSB Bancorp, Inc. (SSBP) financial statements (2023 and earlier)

Company profile

Business Address 8700 PERRY HIGHWAY
PITTSBURGH, PA 15237
State of Incorp. MD
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,8819,03416,478
Cash and cash equivalents21,8819,03416,478
Total current assets:21,8819,03416,478
Noncurrent Assets
Property, plant and equipment4,2354,3364,358
Deferred income tax assets297
Total noncurrent assets:4,5324,3364,358
Other undisclosed assets176,219175,423151,069
TOTAL ASSETS:202,632188,792171,905
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7,1256,2509,292
Total current liabilities:7,1256,2509,292
Noncurrent Liabilities
Other undisclosed liabilities174,624162,223150,502
Total liabilities:181,749168,473159,794
Stockholders' equity
Stockholders' equity attributable to parent20,88320,31912,112
Common stock2322 
Additional paid in capital8,7078,693 
Accumulated other comprehensive loss(5)(75)(23)
Retained earnings12,95212,51612,135
Unearned esop shares(793)(837) 
Total stockholders' equity:20,88320,31912,112
TOTAL LIABILITIES AND EQUITY:202,632188,792171,905

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

12/31/2019
12/31/2018
12/31/2017
Revenues8,6457,2006,668
Net investment income8,2887,0186,224
Cost of revenue(174)(150)(247)
Provision for loan, lease, and other losses(174)(150)
Financial services costs(247)
Gross profit:8,4717,0506,421
Operating expenses(1,422)(1,408)(2,354)
Other operating income, net
(Noninterest Income, Other Operating Income)
816431
Operating income:7,1315,7074,097
Nonoperating income
(Bank Owned Life Insurance Income)
707052
Interest and debt expense(3,804)(2,900)(2,316)
Income from continuing operations before equity method investments, income taxes:3,3972,8781,832
Other undisclosed loss from continuing operations before income taxes(2,852)(2,434)(659)
Income from continuing operations before income taxes:5454441,173
Income tax expense(109)(63)(584)
Net income available to common stockholders, diluted:436380589

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
Net income:436380589
Comprehensive income:436380589
Other undisclosed comprehensive income (loss), net of tax, attributable to parent69(51)28
Comprehensive income, net of tax, attributable to parent:506329617

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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