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10-Q Filing

Esquire Financial Holdings, Inc. CIK: 1531031 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001144204-18-028245
Period End Date 20180331
Filing Date 20180514
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance esq-20180331.xml
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $557.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and due from banks CashAndDueFromBanks $471.00K USD Point-in-time
Interest earning deposits InterestBearingDepositsInBanks $41.98M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Interest earning deposits InterestBearingDepositsInBanks $42.61M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $43.08M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $42.99M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $32.59M USD Point-in-time
Total cash and cash equivalents CashCashEquivalentsAndFederalFundsSold $42.54M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Securities available-for-sale, at fair value AvailableForSaleSecurities $128.76M USD Point-in-time
Securities available-for-sale, at fair value AvailableForSaleSecurities $144.86M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Securities, restricted, at cost AvailableForSaleSecuritiesRestricted $2.18M USD Point-in-time
Securities, restricted, at cost AvailableForSaleSecuritiesRestricted $2.18M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 15.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 15.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 7.33M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 7.45M shares Point-in-time
Loans LoansAndLeasesReceivableGrossCarryingAmount $348.98M USD Point-in-time
Loans LoansAndLeasesReceivableGrossCarryingAmount $367.65M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $4.26M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $4.49M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 7.33M shares Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $3.52M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $3.41M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 7.45M shares Point-in-time
Loans, net LoansAndLeasesReceivableNetReportedAmount $363.17M USD Point-in-time
Loans, net LoansAndLeasesReceivableNetReportedAmount $344.71M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $2.55M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $2.46M USD Point-in-time
Accrued interest receivable InterestReceivable $2.84M USD Point-in-time
Accrued interest receivable InterestReceivable $3.53M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $2.24M USD Point-in-time
Deferred tax asset DeferredTaxAssetsNet $2.78M USD Point-in-time
Other assets OtherAssets $7.20M USD Point-in-time
Other assets OtherAssets $7.57M USD Point-in-time
Total assets Assets $569.10M USD Point-in-time
Total assets Assets $533.56M USD Point-in-time
Demand DemandDepositAccounts $190.85M USD Point-in-time
Demand DemandDepositAccounts $165.08M USD Point-in-time
Savings, NOW and money market DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW $280.22M USD Point-in-time
Savings, NOW and money market DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW $230.72M USD Point-in-time
Time TimeDeposits $26.93M USD Point-in-time
Time TimeDeposits $36.43M USD Point-in-time
Total deposits Deposits $481.73M USD Point-in-time
Total deposits Deposits $448.49M USD Point-in-time
Secured borrowings SecuredDebt $278.00K USD Point-in-time
Secured borrowings SecuredDebt $276.00K USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $2.42M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $1.40M USD Point-in-time
Total liabilities Liabilities $450.17M USD Point-in-time
Total liabilities Liabilities $484.43M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred Stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at March 31, 2018 and December 31, 2017 PreferredStockValue - USD Point-in-time
Preferred Stock, par value $0.01; authorized 2,000,000 shares; no shares issued and outstanding at March 31, 2018 and December 31, 2017 PreferredStockValue - USD Point-in-time
Common stock, par value $0.01; authorized 15,000,000 shares; issued and outstanding 7,445,723 shares at March 31, 2018, and 7,326,536 shares at December 31, 2017 CommonStockValue $74.00K USD Point-in-time
Common stock, par value $0.01; authorized 15,000,000 shares; issued and outstanding 7,445,723 shares at March 31, 2018, and 7,326,536 shares at December 31, 2017 CommonStockValue $73.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $86.66M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $87.24M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-2.00K USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-1.96M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-779.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.39M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-884.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.65M USD Point-in-time
Total stockholders' equity StockholdersEquity $83.38M USD Point-in-time
Total stockholders' equity StockholdersEquity $84.66M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $569.10M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $533.56M USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $5.29M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $3.83M USD 1 Quarter
Securities InterestAndDividendIncomeSecuritiesAvailableForSale $550.00K USD 1 Quarter
Securities InterestAndDividendIncomeSecuritiesAvailableForSale $865.00K USD 1 Quarter
Interest earning deposits and other InterestIncomeDepositsWithFinancialInstitutions $55.00K USD 1 Quarter
Interest earning deposits and other InterestIncomeDepositsWithFinancialInstitutions $116.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $6.27M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $4.43M USD 1 Quarter
Savings, NOW and money market deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits $109.00K USD 1 Quarter
Savings, NOW and money market deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits $121.00K USD 1 Quarter
Time deposits InterestExpenseTimeDeposits $48.00K USD 1 Quarter
Time deposits InterestExpenseTimeDeposits $22.00K USD 1 Quarter
Borrowings InterestExpenseBorrowings $6.00K USD 1 Quarter
Borrowings InterestExpenseBorrowings $5.00K USD 1 Quarter
Total interest expense InterestExpense $174.00K USD 1 Quarter
Total interest expense InterestExpense $137.00K USD 1 Quarter
Net interest income InterestIncomeExpenseNet $6.10M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $4.29M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $225.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $150.00K USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $4.14M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $5.87M USD 1 Quarter
Customer related fees and service charges FeesAndCommissionsDepositorAccounts $366.00K USD 1 Quarter
Customer related fees and service charges FeesAndCommissionsDepositorAccounts $1.05M USD 1 Quarter
Merchant processing income MerchantDiscountFees $1.02M USD 1 Quarter
Merchant processing income MerchantDiscountFees $838.00K USD 1 Quarter
Total non-interest income NoninterestIncome $1.20M USD 1 Quarter
Total non-interest income NoninterestIncome $2.08M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $2.35M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $3.06M USD 1 Quarter
Occupancy and equipment, net OccupancyNet $387.00K USD 1 Quarter
Occupancy and equipment, net OccupancyNet $426.00K USD 1 Quarter
Professional and consulting services ProfessionalFees $389.00K USD 1 Quarter
Professional and consulting services ProfessionalFees $628.00K USD 1 Quarter
FDIC assessment FederalDepositInsuranceCorporationPremiumExpense $39.00K USD 1 Quarter
FDIC assessment FederalDepositInsuranceCorporationPremiumExpense $42.00K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $110.00K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $125.00K USD 1 Quarter
Travel and business relations TravelAndEntertainmentExpense $106.00K USD 1 Quarter
Travel and business relations TravelAndEntertainmentExpense $157.00K USD 1 Quarter
OCC assessments OfficeOfComptrollerOfCurrencyAssessments $29.00K USD 1 Quarter
OCC assessments OfficeOfComptrollerOfCurrencyAssessments $33.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $370.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $484.00K USD 1 Quarter
Other operating expenses OtherNoninterestExpense $320.00K USD 1 Quarter
Other operating expenses OtherNoninterestExpense $246.00K USD 1 Quarter
Total non-interest expense NoninterestExpense $5.27M USD 1 Quarter
Total non-interest expense NoninterestExpense $4.02M USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.67M USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.32M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $510.00K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $715.00K USD 1 Quarter
Net income NetIncomeLoss $1.96M USD 1 Quarter
Net income NetIncomeLoss $815.00K USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.27 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.16 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.16 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.26 USD 1 Quarter
Cash Flow Statement 55 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.96M USD 1 Quarter
Net income NetIncomeLoss $815.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $225.00K USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $150.00K USD 1 Quarter
Depreciation Depreciation $102.00K USD 1 Quarter
Depreciation Depreciation $103.00K USD 1 Quarter
Stock compensation expense StockOptionPlanExpense $200.00K USD 1 Quarter
Stock compensation expense StockOptionPlanExpense $137.00K USD 1 Quarter
Securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-106.00K USD 1 Quarter
Securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-102.00K USD 1 Quarter
Loans AmortizationOfDeferredLoanOriginationFeesNet $-85.00K USD 1 Quarter
Loans AmortizationOfDeferredLoanOriginationFeesNet $-179.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $695.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $94.00K USD 1 Quarter
Deferred tax asset IncreaseDecreaseInDeferredIncomeTaxes $71.00K USD 1 Quarter
Deferred tax asset IncreaseDecreaseInDeferredIncomeTaxes $-448.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $369.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $1.12M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-329.00K USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.02M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $2.56M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $387.00K USD 1 Quarter
Net change in loans PaymentsToAcquireLoansReceivable $18.76M USD 1 Quarter
Net change in loans PaymentsToAcquireLoansReceivable $12.20M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $15.38M USD 1 Quarter
Purchases of securities available for sale PaymentsToAcquireAvailableForSaleSecurities $22.77M USD 1 Quarter
Principal repayments on securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $4.83M USD 1 Quarter
Principal repayments on securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $4.45M USD 1 Quarter
Purchases of securities, restricted PaymentsToAcquireRestrictedInvestments $97.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $72.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $18.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-23.29M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-36.71M USD 1 Quarter
Net increase in deposits PaymentsForProceedsFromDepositOnLoan $-33.24M USD 1 Quarter
Net increase in deposits PaymentsForProceedsFromDepositOnLoan $-12.58M USD 1 Quarter
Decrease in secured borrowings RepaymentsOfSecuredDebt $87.00K USD 1 Quarter
Decrease in secured borrowings RepaymentsOfSecuredDebt $2.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $378.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $1.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $12.50M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $33.61M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-535.00K USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.41M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashCashEquivalentsAndFederalFundsSold $43.08M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsAndFederalFundsSold $42.99M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsAndFederalFundsSold $32.59M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsAndFederalFundsSold $42.54M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsAndFederalFundsSold $43.08M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsAndFederalFundsSold $42.99M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsAndFederalFundsSold $32.59M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsAndFederalFundsSold $42.54M USD Point-in-time
Interest InterestPaid $171.00K USD 1 Quarter
Interest InterestPaid $136.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $10.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $75.00K USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $83.38M USD Point-in-time
Balance StockholdersEquity $84.66M USD Point-in-time
Net income NetIncomeLoss $1.96M USD 1 Quarter
Net income NetIncomeLoss $815.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.25M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $105.00K USD 1 Quarter
Exercise of stock options, net of share settlement StockIssuedDuringPeriodValueStockOptionsExercised $378.00K USD 1 Quarter
Stock compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $200.00K USD 1 Quarter
Balance StockholdersEquity $83.38M USD Point-in-time
Balance StockholdersEquity $84.66M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.96M USD 1 Quarter
Net income NetIncomeLoss $815.00K USD 1 Quarter
Unrealized holding (losses) gains arising during the period on securities available for sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-1.73M USD 1 Quarter
Unrealized holding (losses) gains arising during the period on securities available for sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $183.00K USD 1 Quarter
Reclassification adjustment for net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 1 Quarter
Reclassification adjustment for net gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax - USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-472.00K USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $78.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.25M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $105.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $920.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $703.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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