Income Statement

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Revenue ($000)
Interest Income 56 853 1,251 1,572 868
Interest Expense 13,493 11,303 9,506 7,753 5,340
Net Interest Income (13,436) (10,450) (8,255) (6,182) (4,472)
Lease and Rental Revenue 12,396 25,609 27,638 29,003 24,465
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 9 156 (3,409) 1,089 3,366
Partnership Income 0 0 0 0 0
Other Noninterest Income 198 16,981 1,637 3,891 17
Nonrecurring Revenue 0 0 0 0 0
Revenue (833) 32,297 17,610 27,800 23,376
Expenses ($000)
Provision for Loan Losses 1,170 2,909 0 0 0
Provision for Unfunded & Other Financial Losses NA NA NA NA NA
Provision for Credit Losses NA NA NA NA NA
Occupancy & Equipment NA NA NA NA NA
Compensation & Benefits 1,534 2,368 592 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 5,515 11,588 12,637 12,026 9,140
Marketing and Promotion Expense NA NA NA NA NA
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Other Expense 22,116 36,599 10,423 11,723 12,265
Nonrecurring Expense 0 0 3,012 619 0
Total Expense 30,335 53,463 26,664 24,368 21,405
Net Income ($000)
Net Income before Taxes (31,168) (21,166) (9,054) 3,433 1,972
Provision for Taxes (3,391) (4,508) (973) (3,967) 750
Effective Tax Rate(%) NM NM NM (115.55) 38.03
Total Minority Interest Expense 0 0 0 0 0
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra (27,777) (16,659) (8,081) 7,399 1,222
Extraordinary Items 0 0 0 0 0
Net Income (27,777) (16,659) (8,081) 7,399 1,222
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (27,777) (16,659) (8,081) 7,399 1,222
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Net Income Avail to Common (27,777) (16,659) (8,081) 7,399 1,222
Comprehensive Income ($000)
Net Income (27,777) (16,659) (8,081) 7,399 1,222
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Change in Unrealized Gain 0 0 0 0 0
Change in Foreign Currency Translations 0 0 0 0 0
Pension Fund Liability Adjustments 0 0 0 0 0
Change in Fair Value of Effective Hedges 888 (1,371) 0 0 0
Total Other Comprehensive Income 888 (1,371) 0 0 0
Comprehensive Income (26,889) (18,029) (8,081) 7,399 1,222
Comprehensive Income: Noncontrolling Interests 0 0 0 0 0
Comprehensive Income: Parent Company (26,889) (18,029) (8,081) 7,399 1,222
Share and Per Share Info ($)
Basic EPS before Extra (17.97) (10.78) (5.58) 5.10 0.78
Basic EPS after Extra (17.97) (10.78) (5.58) 5.10 0.78
Avg Basic Shares Out(actual) 1,545,884 1,545,884 1,449,261 1,449,576 1,566,699
Diluted EPS before Extra (17.97) (10.78) (5.58) 5.10 0.78
Diluted EPS after Extraordinary (17.97) (10.78) (5.58) 5.10 0.78
Common Dividends Declared per Share 0 0 0 0 0
Avg Diluted Shares Out(actual) 1,545,884 1,545,884 1,449,261 1,449,576 1,566,699
EBITDA/ Share (7.87) 1.12 9.08 16 10.50
Income Ratios (%)
Net Interest Income/ Total Rev NM (32.36) (46.88) (22.24) (19.13)
Gain on Sale of Loans/ Revenue NM 0 0 0 0
Servicing and Loan Fees/ Revenue NM 0 0 0 0
Compensation/ Expense 5.06 4.43 2.22 0 0
Net Income/ Total Revenue NM (51.58) (45.89) 26.62 5.23
NIBT/ Total Revenue NM (65.54) (51.41) 12.35 8.44
EBITDA/ Interest Expense(x) (0.90) 0.15 1.38 2.99 3.08
Efficiency Ratio NM 156.53 134.31 85.43 91.57
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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