Price | 11.06 | EPS | 1 | |
Shares | 19 | P/E | 21 | |
MCap | 213 | P/FCF | 25 | |
Net Debt | -27 | EBIT | 22 | |
TEV | 186 | TEV/EBIT | 8 | TTM 2019-09-30, in MM, except price, ratios |
10-Q | 2020-09-30 | Filed 2020-11-06 |
10-Q | 2020-06-30 | Filed 2020-08-10 |
10-Q | 2020-03-31 | Filed 2020-05-11 |
10-K | 2019-12-31 | Filed 2020-03-11 |
10-Q | 2019-09-30 | Filed 2019-11-06 |
10-Q | 2019-06-30 | Filed 2019-08-09 |
10-Q | 2019-03-31 | Filed 2019-05-10 |
10-K | 2018-12-31 | Filed 2019-03-15 |
10-Q | 2018-09-30 | Filed 2018-11-08 |
10-Q | 2018-06-30 | Filed 2018-08-08 |
10-Q | 2018-03-31 | Filed 2018-05-10 |
10-K | 2017-12-31 | Filed 2018-03-16 |
10-Q | 2017-09-30 | Filed 2017-11-09 |
10-Q | 2017-06-30 | Filed 2017-08-09 |
10-Q | 2017-03-31 | Filed 2017-05-10 |
10-K | 2016-12-31 | Filed 2017-03-14 |
10-Q | 2016-09-30 | Filed 2016-11-14 |
10-Q | 2016-06-30 | Filed 2016-08-10 |
10-Q | 2016-03-31 | Filed 2016-05-13 |
10-K | 2015-12-31 | Filed 2016-03-24 |
10-Q | 2015-09-30 | Filed 2015-11-12 |
10-Q | 2015-06-30 | Filed 2015-08-13 |
10-Q | 2015-03-31 | Filed 2015-05-13 |
10-K | 2014-12-31 | Filed 2015-03-31 |
10-Q | 2014-09-30 | Filed 2014-11-28 |
10-Q | 2014-06-30 | Filed 2014-08-11 |
10-Q | 2014-03-31 | Filed 2014-05-15 |
10-K | 2013-12-31 | Filed 2014-03-20 |
10-Q | 2013-09-30 | Filed 2013-11-14 |
10-Q | 2013-06-30 | Filed 2013-08-14 |
10-Q | 2013-03-31 | Filed 2013-05-15 |
10-K | 2012-12-31 | Filed 2013-03-28 |
10-Q | 2012-09-30 | Filed 2012-11-14 |
10-Q | 2012-06-30 | Filed 2012-08-13 |
10-Q | 2012-03-31 | Filed 2012-05-14 |
10-K | 2011-12-31 | Filed 2012-03-28 |
10-Q | 2011-09-30 | Filed 2011-11-14 |
10-Q | 2011-06-30 | Filed 2011-08-12 |
10-Q | 2011-03-31 | Filed 2011-05-13 |
10-K | 2010-12-31 | Filed 2011-04-01 |
10-Q | 2010-09-30 | Filed 2010-11-15 |
10-Q | 2010-06-30 | Filed 2010-08-13 |
10-Q | 2010-03-31 | Filed 2010-05-14 |
10-K | 2009-12-31 | Filed 2010-03-29 |
8-K | 2020-11-18 | |
8-K | 2020-11-12 | |
8-K | 2020-10-29 | |
8-K | 2020-10-02 | |
8-K | 2020-09-21 | |
8-K | 2020-08-05 | |
8-K | 2020-05-19 | |
8-K | 2020-05-19 | |
8-K | 2020-05-01 | |
8-K | 2020-04-29 | |
8-K | 2020-04-17 | |
8-K | 2020-04-01 | |
8-K | 2020-01-28 | |
8-K | 2020-01-24 | |
8-K | 2020-01-02 | |
8-K | 2019-12-20 | |
8-K | 2019-10-31 | |
8-K | 2019-09-23 | |
8-K | 2019-09-18 | |
8-K | 2019-09-17 | |
8-K | 2019-08-28 | |
8-K | 2019-08-02 | |
8-K | 2019-06-05 | |
8-K | 2019-06-04 | |
8-K | 2019-05-21 | |
8-K | 2019-05-21 | |
8-K | 2019-05-06 | |
8-K | 2019-04-30 | |
8-K | 2019-01-30 | |
8-K | 2019-01-29 | |
8-K | 2019-01-25 | |
8-K | 2019-01-22 | |
8-K | 2018-10-22 | |
8-K | 2018-08-27 | |
8-K | 2018-08-27 | |
8-K | 2018-07-25 | |
8-K | 2018-05-22 | |
8-K | 2018-05-22 | |
8-K | 2018-05-10 | |
8-K | 2018-03-02 | |
8-K | 2018-02-23 |
Part I. Financial Information |
Item 1. Financial Statements. |
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. |
Item 3. Quantitative and Qualitative Disclosures About Market Risk. |
Item 4. Controls and Procedures. |
Part II. Other Information |
Item 1. Legal Proceedings. |
Item 1A. Risk Factors. |
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. |
Item 3. Defaults Upon Senior Securities. |
Item 4. Mine Safety Disclosures. |
Item 5. Other Information. |
Item 6. Exhibits. |
EX-31.1 | slct-20200930xex31d1.htm |
EX-31.2 | slct-20200930xex31d2.htm |
EX-32.1 | slct-20200930xex32d1.htm |
EX-32.2 | slct-20200930xex32d2.htm |
Balance Sheet | Income Statement | Cash Flow |
---|---|---|
Assets, Equity
|
Rev, G Profit, Net Income
|
Ops, Inv, Fin
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
of the Securities Exchange Act of 1934
For the quarterly period ended
or
of the Securities Exchange Act of 1934
For the transition period ended from to
Commission File Number
(Exact name of Registrant as specified in its charter)
| ||
(State or other jurisdiction of | (I.R.S. Employer Identification No.) | |
incorporation or organization) |
| |
|
| |
| ||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
| Trading |
| Name of each exchange on which registered |
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☐ | |
Non-accelerated filer ☐ | Smaller reporting company |
| Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes
As of October 30, 2020, the registrant had outstanding
2
Part I. FINANCIAL INFORMATION
Item 1. Financial Statements.
SELECT BANCORP, INC.
CONSOLIDATED BALANCE SHEETS
September 30, 2020 | December 31, | ||||||
| (unaudited) |
| 2019* | ||||
(In thousands, except share | |||||||
and per share data) | |||||||
ASSETS | |||||||
Cash and due from banks | $ | | $ | | |||
Interest-earning deposits in other banks |
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Federal funds sold |
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Investment securities available for sale, at fair value |
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Loans held for sale |
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Loans |
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Allowance for loan losses |
| ( |
| ( | |||
NET LOANS |
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Accrued interest receivable |
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Stock in Federal Home Loan Bank of Atlanta (“FHLB”), at cost |
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Other non-marketable securities |
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Foreclosed real estate |
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Premises and equipment, net |
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Right of use lease asset | | | |||||
Bank owned life insurance |
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Goodwill |
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Core deposit intangible (“CDI”) |
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Other assets |
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TOTAL ASSETS | $ | | $ | | |||
LIABILITIES AND SHAREHOLDERS’ EQUITY |
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Deposits: |
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Demand | $ | | $ | | |||
Savings |
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Money market and NOW |
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Time |
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TOTAL DEPOSITS |
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Short-term debt |
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Long-term debt |
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Lease liability | | | |||||
Accrued interest payable |
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Accrued expenses and other liabilities |
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TOTAL LIABILITIES |
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Shareholders’ Equity |
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Preferred stock, |
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Common stock, $ |
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Additional paid-in capital |
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Retained earnings |
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Common stock issued to deferred compensation trust, at cost; |
| ( |
| ( | |||
Directors’ Deferred Compensation Plan Rabbi Trust |
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Accumulated other comprehensive income |
| |
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TOTAL SHAREHOLDERS’ EQUITY |
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TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | | $ | |
* Derived from audited consolidated financial statements.
See accompanying notes.
3
SELECT BANCORP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Three Months Ended | Nine Months Ended | ||||||||||||
September 30, | September 30, | ||||||||||||
| 2020 |
| 2019 | 2020 |
| 2019 | |||||||
(In thousands, except share and per share data) | (In thousands, except share and per share data) | ||||||||||||
INTEREST INCOME | |||||||||||||
Loans | $ | | $ | | $ | | $ | | |||||
Federal funds sold and interest-earning deposits in other banks |
| |
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Investments |
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TOTAL INTEREST INCOME |
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INTEREST EXPENSE |
|
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Money market, NOW and savings deposits |
| |
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Time deposits |
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Short-term debt |
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Long-term debt |
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TOTAL INTEREST EXPENSE |
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NET INTEREST INCOME |
| |
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PROVISION FOR LOAN LOSSES |
| |
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NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
| |
| |
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NON-INTEREST INCOME |
|
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|
| |||||
Gain on the sale of securities |
| — |
| |
| |
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Service charges on deposit accounts |
| |
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Fees from the sale of mortgages |
| |
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Other fees and income |
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TOTAL NON-INTEREST INCOME |
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NON-INTEREST EXPENSE |
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Personnel |
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Occupancy and equipment |
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Deposit insurance |
| |
| ( |
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Professional fees |
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Core deposit intangible amortization |
| |
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Merger/acquisition related expenses |
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Information systems |
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Foreclosure-related expenses |
| |
| ( |
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Other |
| |
| |
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TOTAL NON-INTEREST EXPENSE |
| |
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INCOME BEFORE INCOME TAX |
| |
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| |
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INCOME TAX |
| |
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| |
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NET INCOME |
| |
| |
| |
| | |||||
Basic | $ | | $ | | $ | | $ | | |||||
Diluted | $ | | $ | | $ | | $ | | |||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING |
|
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Basic |
| |
| |
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Diluted |
| |
| |
| |
| |
See accompanying notes.
4