Income Statement

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Revenue ($000)
Interest Income 765 1,251 1,572 868 490
Interest Expense 7,745 9,506 7,753 5,340 6,141
Net Interest Income (6,980) (8,255) (6,182) (4,472) (5,652)
Lease and Rental Revenue 20,820 27,638 29,003 24,465 25,467
Gain on Sale of Loans, before Fees 0 0 0 0 0
Commitment and Origination Fees 0 0 0 0 0
Gain on Sale of Loans (FAS 140) 0 0 0 0 0
Net Loan Servicing Fees 0 0 0 0 0
Other Loan Fees & Charges 0 0 0 0 0
Loan Fees & Charges 0 0 0 0 0
Gain on Sale of Servicing 0 0 0 0 0
Credit Card Income 0 0 0 0 0
Total Policy Income 0 0 0 0 0
Merchandise and Equipment Sales 151 (3,409) 1,089 3,366 11,970
Partnership Income 0 0 0 0 0
Other Noninterest Income 16,980 1,637 3,891 17 607
Nonrecurring Revenue 0 0 0 0 0
Revenue 30,971 17,610 27,800 23,376 32,392
Expenses ($000)
Provision for Loan Losses 0 0 0 0 0
Occupancy & Equipment NA NA NA NA NA
Compensation & Benefits 1,749 592 0 0 0
Foreclosure & Repo 0 0 0 0 0
Credit Card Fraud Losses 0 0 0 0 0
Cost of Goods Sold NA NA NA NA NA
Lease Equipment Depreciation 9,141 12,637 12,026 9,140 9,062
Marketing and Promotion Expense NA NA NA NA NA
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Other Expense 28,422 10,423 11,723 12,265 13,309
Nonrecurring Expense 3,918 3,012 619 0 0
Total Expense 43,229 26,664 24,368 21,405 22,371
Net Income ($000)
Net Income before Taxes (12,259) (9,054) 3,433 1,972 10,021
Provision for Taxes (2,641) (973) (3,967) 750 3,584
Effective Tax Rate(%) NM NM (115.55) 38.03 35.76
Total Minority Interest Expense 0 0 0 0 0
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra (9,617) (8,081) 7,399 1,222 6,438
Extraordinary Items 0 0 0 0 0
Net Income (9,617) (8,081) 7,399 1,222 6,438
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (9,617) (8,081) 7,399 1,222 6,438
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Net Income Avail to Common (9,617) (8,081) 7,399 1,222 6,438
Comprehensive Income ($000)
Net Income (9,617) (8,081) 7,399 1,222 6,438
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Change in Unrealized Gain 50 0 0 0 0
Change in Foreign Currency Translations 0 0 0 0 0
Pension Fund Liability Adjustments 0 0 0 0 0
Change in Fair Value of Effective Hedges (1,604) 0 0 0 0
Total Other Comprehensive Income (1,554) 0 0 0 0
Comprehensive Income (11,171) (8,081) 7,399 1,222 6,438
Comprehensive Income: Noncontrolling Interests 0 0 0 0 0
Comprehensive Income: Parent Company (11,171) (8,081) 7,399 1,222 6,438
Share and Per Share Info ($)
Basic EPS before Extra (6.22) (5.58) 5.10 0.78 4.17
Basic EPS after Extra (6.22) (5.58) 5.10 0.78 4.17
Avg Basic Shares Out(actual) 1,545,884 1,449,261 1,449,576 1,566,699 1,544,285
Diluted EPS before Extra (6.22) (5.58) 5.10 0.78 4.17
Diluted EPS after Extraordinary (6.22) (5.58) 5.10 0.78 4.17
Common Dividends Declared per Share 0 0 0 0 0
Avg Diluted Shares Out(actual) 1,545,884 1,449,261 1,449,576 1,566,699 1,544,285
EBITDA/ Share 2.99 9.08 16 10.50 16.34
Income Ratios (%)
Net Interest Income/ Total Rev (22.54) (46.88) (22.24) (19.13) (17.45)
Gain on Sale of Loans/ Revenue 0 0 0 0 0
Servicing and Loan Fees/ Revenue 0 0 0 0 0
Compensation/ Expense 4.05 2.22 0 0 0
Net Income/ Total Revenue (31.05) (45.89) 26.62 5.23 19.88
NIBT/ Total Revenue (39.58) (51.41) 12.35 8.44 30.94
EBITDA/ Interest Expense(x) 0.60 1.38 2.99 3.08 4.11
Efficiency Ratio 126.93 134.31 85.43 91.57 69.06
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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