Stewardship Financial Corp (SSFN) Financial Statements (2024 and earlier)

Company Profile

Business Address 630 GODWIN AVE
MIDLAND PARK, NJ 07432
State of Incorp. NJ
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
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 investments 18,47121,27011,68010,91010,08617,405
Cash and cash equivalents 16,82321,27011,68010,91010,08617,405
Short-term investments 1,648     
Total current assets: 18,47121,27011,68010,91010,08617,405
Noncurrent Assets
Property, plant and equipment 7,0076,9096,5666,7996,5775,739
Total noncurrent assets: 7,0076,9096,5666,7996,5775,739
Other undisclosed assets 930,152900,587777,289700,179676,888650,364
TOTAL ASSETS: 955,630928,766795,535717,888693,551673,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 83,70058,76064,20048,00061,70021,000
Total current liabilities: 83,70058,76064,20048,00061,70021,000
Noncurrent Liabilities
Other undisclosed liabilities 791,780796,341679,948622,315572,882598,729
Total liabilities: 875,480855,101744,148670,315634,582619,729
Equity
Equity, attributable to parent 80,15073,66551,38747,57358,96953,779
Preferred stock     14,98414,974
Common stock 61,03060,74241,62641,41041,12540,690
Accumulated other comprehensive loss (1,936)(1,384)(1,321)(845)(957)(3,790)
Retained earnings 21,05614,30711,0827,0083,8171,905
Total equity: 80,15073,66551,38747,57358,96953,779
TOTAL LIABILITIES AND EQUITY: 955,630928,766795,535717,888693,551673,508

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 31,72230,78126,18925,12923,3841,865
Net investment income 31,65228,49123,80322,68421,144 
Financial services revenue2,2902,3862,4452,2401,865
Cost of revenue
(Financial Services Costs)
  (655)   (3,775)
Gross profit: 31,72230,12626,18925,12923,384(1,910)
Operating expenses (4,363)(15,596)(15,487)(15,800)(17,221)(13,234)
Operating income (loss): 27,35914,53010,7029,3296,163(15,144)
Nonoperating income 552539483486679723
Investment income, nonoperating     21146
Gains on sales of other real estate  13368363326
Bank owned life insurance income 552526447403405351
Interest and debt expense (7,836)(5,858)(4,513)(3,826)(3,207)(3,813)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (9,025)(488)75948386921,344
Income from continuing operations before income taxes: 11,0508,7237,4316,4724,5043,110
Income tax expense (3,020)(4,776)(2,695)(2,272)(1,419)(640)
Income from continuing operations: 8,0303,9474,7364,2003,0852,470
Income before gain (loss) on sale of properties: 8,0303,9474,7364,2003,0852,470
Net income attributable to parent: 8,0303,9474,7364,2003,0852,470
Preferred stock dividends and other adjustments    (456)(683)(633)
Net income available to common stockholders, diluted: 8,0303,9474,7363,7442,4021,837

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 8,0303,9474,7364,2003,0852,470
Other comprehensive income (loss) (715)160(476)1122,833 
Comprehensive income: 7,3154,1074,2604,3125,9182,470
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4,250)
Comprehensive income (loss), net of tax, attributable to parent: 7,3154,1074,2604,3125,918(1,780)

Statements Sources

The financial statements are based on the Company's filings with 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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