Stewardship Financial Corp (SSFN) financial statements (2022 and earlier)

Company profile

Business Address 630 GODWIN AVE
MIDLAND PARK, NJ 07432
State of Incorp. NJ
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 thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,47121,27011,68010,91010,08617,40521,016
Cash and cash equivalents16,82321,27011,68010,91010,08617,40521,016
Short-term investments1,648      
Total current assets:18,47121,27011,68010,91010,08617,40521,016
Noncurrent Assets
Property, plant and equipment7,0076,9096,5666,7996,5775,7395,645
Total noncurrent assets:7,0076,9096,5666,7996,5775,7395,645
Other undisclosed assets930,152900,587777,289700,179676,888650,364661,727
TOTAL ASSETS:955,630928,766795,535717,888693,551673,508688,388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt83,70058,76064,20048,00061,70021,00011,000
Total current liabilities:83,70058,76064,20048,00061,70021,00011,000
Noncurrent Liabilities
Other undisclosed liabilities791,780796,341679,948622,315572,882598,729621,042
Total liabilities:875,480855,101744,148670,315634,582619,729632,042
Stockholders' equity
Stockholders' equity attributable to parent80,15073,66551,38747,57358,96953,77956,346
Preferred stock    14,98414,97414,964
Common stock61,03060,74241,62641,41041,12540,69040,606
Accumulated other comprehensive income (loss)(1,936)(1,384)(1,321)(845)(957)(3,790)460
Retained earnings21,05614,30711,0827,0083,8171,905316
Total stockholders' equity:80,15073,66551,38747,57358,96953,77956,346
TOTAL LIABILITIES AND EQUITY:955,630928,766795,535717,888693,551673,508688,388

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues31,72230,78126,18925,12923,3841,8651,998
Net investment income31,65228,49123,80322,68421,144  
Financial services revenue2,2902,3862,4452,2401,8651,998
Cost of revenue
(Financial Services Costs)
 (655)   (3,775)(9,995)
Gross profit:31,72230,12626,18925,12923,384(1,910)(7,997)
Operating expenses(4,363)(15,596)(15,487)(15,800)(17,221)(13,234)(12,177)
Operating income (loss):27,35914,53010,7029,3296,163(15,144)(20,174)
Nonoperating income552539483486679723754
Investment income, nonoperating    21146 
Gains on sales of other real estate 13368363326429
Bank owned life insurance income552526447403405351325
Interest and debt expense(7,836)(5,858)(4,513)(3,826)(3,207)(3,813)(5,175)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9,025)(488)75948386921,34424,868
Income from continuing operations before income taxes:11,0508,7237,4316,4724,5043,110273
Income tax expense (benefit)(3,020)(4,776)(2,695)(2,272)(1,419)(640)247
Net income attributable to parent:8,0303,9474,7364,2003,0852,470520
Preferred stock dividends and other adjustments   (456)(683)(633)(352)
Net income available to common stockholders, diluted:8,0303,9474,7363,7442,4021,837168

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:8,0303,9474,7364,2003,0852,470520
Other comprehensive income (loss)(715)160(476)1122,833  
Comprehensive income:7,3154,1074,2604,3125,9182,470520
Other undisclosed comprehensive loss, net of tax, attributable to parent     (4,250)(914)
Comprehensive income (loss), net of tax, attributable to parent:7,3154,1074,2604,3125,918(1,780)(394)

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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