Financial Statements

Summit State Bank (SSBI)


+0.43 (+2.92%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 38302623-
Net Income 1511663
Stock Dividends -2---23
Dividend Paid -3-3-3-3-3
Retained Earnings 4838302623

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 6665-
Annual Depreciation -0-0115
Capital Expenditure -0-0-1-1-0
Net PPE 66665

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -4444
New Purchases -17-3--66-36
Intangible and Goodwill 44444

Summit State Bank income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Summit State Bank FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.