Southcoast Financial (SOCB) Annual Income Statement

Annual · GAAP · USD millions
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Observing income statement movements over recent quarters helps explain how Southcoast Financial adapts pricing, costs, and operating efficiency.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2015)
2015
(Dec 31 2014) (Dec 31 2013) (Dec 31 2012) (Dec 31 2011)
Revenues
Interest and Fee Income, Loans and Leases18.46
Interest Income, Securities, Operating, Tax Exempt0.96
Other Income0.04
Total Interest Income19.46
Interest Expense, Deposits0.00
Interest Expense, Junior Subordinated Debentures0.18
Interest Expense, Borrowings1.83
Interest Expense, Other0.00
Total Interest Expense3.44
Net Interest Income16.03
Provision for loan losses-0.94
Total Net Interest Income16.96
Fees and Commissions, Depositor Accounts1.55
Noninterest Income, Other Operating Income0.21
Gain (Loss) on Disposition of Assets and Other Investments0.73
Loss / Gain on Investment0.21
Other Non-Interest Income-1.95
Total Non-interest Income3.03
Total Revenues19.99
Costs & Expenses
Salaries & employee benefits, SGA7.77
Restructuring, Accretion & impairment charges0.00
Occupancy, Net1.34
Professional Fees1.43
Other loss /-income3.07
Total Operating Expenses13.62
Total Costs & Expenses17.06
Income & Taxes
Income /-loss before income taxes6.37
Income taxes expenses/-benefit2.31
Income after income taxes4.06
Net income/-loss of other equity0.00
Income /-loss after income taxes4.06
Net Income/-loss4.06
Income/-loss to shareholder4.06
Earnings Per Share
Basic EPS (excl. extra items)0.57
Basic Net EPS0.57
Basic shares outstanding (Mill. of Units)7.10
Diluted Net EPS0.57
Diluted average shares (Mill. of Units)7.10
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About SOCB Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.