Income Statement

Financial Highlights
12/31/2014
12/31/2015
12/31/2016
3/31/2017
Revenue ($000)
Interest Income 150 490 868 325
Interest Expense 5,134 6,141 5,340 1,610
Net Interest Income (4,984) (5,652) (4,472) (1,285)
Lease and Rental Revenue 21,913 25,467 24,465 7,317
Gain on Sale of Loans, before Fees 0 0 0 0
Commitment and Origination Fees 0 0 0 0
Gain on Sale of Loans (FAS 140) 0 0 0 0
Net Loan Servicing Fees 0 0 0 0
Other Loan Fees & Charges 0 0 0 0
Loan Fees & Charges 0 0 0 0
Gain on Sale of Servicing 0 0 0 0
Credit Card Income 0 0 0 0
Total Policy Income 0 0 0 0
Merchandise and Equipment Sales 3,147 11,970 3,366 311
Partnership Income 0 0 0 0
Other Noninterest Income 3,396 607 17 0
Nonrecurring Revenue 100 0 0 0
Revenue 23,573 32,392 23,376 6,343
Expenses ($000)
Provision for Loan Losses 0 0 0 0
Occupancy & Equipment NA NA NA NA
Compensation & Benefits 0 0 0 0
Foreclosure & Repo 0 0 0 0
Credit Card Fraud Losses 0 0 0 0
Cost of Goods Sold NA NA NA NA
Lease Equipment Depreciation 7,299 9,062 9,140 2,936
Marketing and Promotion Expense NA NA NA NA
Amrt of Intang & Goodwill Impair 0 0 0 0
Other Expense 14,783 12,027 11,038 2,365
Nonrecurring Expense 18,737 1,282 1,227 0
Total Expense 40,819 22,371 21,405 5,301
Net Income ($000)
Net Income before Taxes (17,246) 10,021 1,972 1,043
Provision for Taxes (5,952) 3,584 750 401
Effective Tax Rate(%) NM 35.76 38.03 38.45
Total Minority Interest Expense 0 0 0 0
Trust Preferred Distributions 0 0 0 0
Net Income before Extra (11,294) 6,438 1,222 642
Extraordinary Items 0 0 0 0
Net Income (11,294) 6,438 1,222 642
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent (11,294) 6,438 1,222 642
Preferred Dividends 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0
Net Income Avail to Common (11,294) 6,438 1,222 642
Comprehensive Income ($000)
Net Income (11,294) 6,438 1,222 642
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Change in Unrealized Gain 0 0 0 0
Change in Foreign Currency Translations 0 0 0 0
Pension Fund Liability Adjustments 0 0 0 0
Change in Fair Value of Effective Hedges 0 0 0 0
Total Other Comprehensive Income 0 0 0 0
Comprehensive Income (11,294) 6,438 1,222 642
Comprehensive Income: Noncontrolling Interests 0 0 0 0
Comprehensive Income: Parent Company (11,294) 6,438 1,222 642
Share and Per Share Info ($)
Basic EPS before Extra (7.32) 4.17 0.78 0.41
Basic EPS after Extra (7.32) 4.17 0.78 0.41
Avg Basic Shares Out(actual) 1,543,257 1,544,285 1,566,699 1,550,032
Diluted EPS before Extra (7.32) 4.17 0.78 0.41
Diluted EPS after Extraordinary (7.32) 4.17 0.78 0.41
Common Dividends Declared per Share 0 0 0 0
Avg Diluted Shares Out(actual) 1,543,257 1,544,285 1,566,699 1,550,032
EBITDA/ Share (3.12) 16.34 10.50 3.57
Income Ratios (%)
Net Interest Income/ Total Rev (21.14) (17.45) (19.13) (20.26)
Gain on Sale of Loans/ Revenue 0 0 0 0
Servicing and Loan Fees/ Revenue 0 0 0 0
Compensation/ Expense 0 0 0 0
Net Income/ Total Revenue (47.91) 19.88 5.23 10.12
NIBT/ Total Revenue (73.16) 30.94 8.44 16.44
EBITDA/ Interest Expense(x) (0.94) 4.11 3.08 3.47
Efficiency Ratio 94.07 65.11 86.32 83.57
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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