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10-Q Filing

Esquire Financial Holdings, Inc. CIK: 1531031 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001558370-21-007183
Period End Date 20210331
Filing Date 20210514
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance esq-20210331x10q_htm.xml
Balance Sheet 78 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.89M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $65.19M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Securities purchased under agreements to resell, at cost SecuritiesPurchasedUnderAgreementsToResell $50.50M USD Point-in-time
Securities purchased under agreements to resell, at cost SecuritiesPurchasedUnderAgreementsToResell $51.73M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 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 AvailableForSaleSecuritiesDebtSecurities $117.66M USD Point-in-time
Securities available-for-sale, at fair value AvailableForSaleSecuritiesDebtSecurities $131.59M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 15.00M shares Point-in-time
Securities, restricted, at cost DebtSecuritiesAvailableForSaleRestricted $2.69M USD Point-in-time
Securities, restricted, at cost DebtSecuritiesAvailableForSaleRestricted $2.69M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 15.00M shares Point-in-time
Loans LoansAndLeasesReceivableGrossCarryingAmount $672.42M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 7.86M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 7.83M shares Point-in-time
Loans LoansAndLeasesReceivableGrossCarryingAmount $702.87M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $13.18M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 7.83M shares Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $11.40M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $6.99M USD Point-in-time
Less: allowance for loan losses LoansAndLeasesReceivableAllowance $8.88M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 7.79M shares Point-in-time
Treasury stock, shares TreasuryStockCommonShares 34,306.00 shares Point-in-time
Loans, net LoansAndLeasesReceivableNetReportedAmount $689.68M USD Point-in-time
Loans, net LoansAndLeasesReceivableNetReportedAmount $661.02M USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 34,306.00 shares Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $2.95M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $3.02M USD Point-in-time
Accrued interest receivable InterestReceivable $4.53M USD Point-in-time
Accrued interest receivable InterestReceivable $4.84M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $2.60M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $4.31M USD Point-in-time
Other assets OtherAssets $28.29M USD Point-in-time
Other assets OtherAssets $23.82M USD Point-in-time
Total assets Assets $998.28M USD Point-in-time
Total assets Assets $936.71M USD Point-in-time
Demand DemandDepositAccounts $351.69M USD Point-in-time
Demand DemandDepositAccounts $408.41M USD Point-in-time
Savings, NOW and money market DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW $441.16M USD Point-in-time
Savings, NOW and money market DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW $440.19M USD Point-in-time
Time TimeDeposits $11.20M USD Point-in-time
Time TimeDeposits $11.06M USD Point-in-time
Total deposits Deposits $804.05M USD Point-in-time
Total deposits Deposits $859.66M USD Point-in-time
Secured borrowings SecuredDebt $49.00K USD Point-in-time
Secured borrowings SecuredDebt $49.00K USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $9.31M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $6.54M USD Point-in-time
Total liabilities Liabilities $869.02M USD Point-in-time
Total liabilities Liabilities $810.64M 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; none issued PreferredStockValue - USD Point-in-time
Preferred stock, par value $0.01; authorized 2,000,000 shares; none issued PreferredStockValue - USD Point-in-time
Common stock, par value $0.01; authorized 15,000,000 shares; 7,864,121 and 7,827,788 shares issued, respectively; and 7,829,815 and 7,793,482 shares outstanding, respectively CommonStockValue $79.00K USD Point-in-time
Common stock, par value $0.01; authorized 15,000,000 shares; 7,864,121 and 7,827,788 shares issued, respectively; and 7,829,815 and 7,793,482 shares outstanding, respectively CommonStockValue $78.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $91.62M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $92.12M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $37.71M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $33.53M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-77.00K USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.42M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.41M USD Point-in-time
Accumulated other comprehensive (loss) income AccumulatedOtherComprehensiveIncomeLossNetOfTax $386.00K USD Point-in-time
Treasury stock at cost, 34,306 and 34,306 shares, respectively TreasuryStockCommonValue $567.00K USD Point-in-time
Treasury stock at cost, 34,306 and 34,306 shares, respectively TreasuryStockCommonValue $567.00K USD Point-in-time
Total stockholders' equity StockholdersEquity $126.08M USD Point-in-time
Total stockholders' equity StockholdersEquity $129.27M USD Point-in-time
Total stockholders' equity StockholdersEquity $111.06M USD Point-in-time
Total stockholders' equity StockholdersEquity $114.89M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $936.71M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $998.28M USD Point-in-time
Income Statement 53 line items
Line Item Tag Value Unit Period
Loans InterestAndFeeIncomeLoansAndLeases $8.44M USD 1 Quarter
Loans InterestAndFeeIncomeLoansAndLeases $9.58M USD 1 Quarter
Securities InterestIncomeDebtSecuritiesAvailableForSaleOperating $886.00K USD 1 Quarter
Securities InterestIncomeDebtSecuritiesAvailableForSaleOperating $468.00K USD 1 Quarter
Securities purchased under agreements to resell InterestIncomeSecuritiesPurchasedUnderAgreementsToResell $161.00K USD 1 Quarter
Interest earning deposits and other InterestIncomeDepositsWithFinancialInstitutions $40.00K USD 1 Quarter
Interest earning deposits and other InterestIncomeDepositsWithFinancialInstitutions $246.00K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $10.25M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $9.57M USD 1 Quarter
Savings, NOW and money market deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits $174.00K USD 1 Quarter
Savings, NOW and money market deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits $297.00K USD 1 Quarter
Time deposits InterestExpenseTimeDeposits $96.00K USD 1 Quarter
Time deposits InterestExpenseTimeDeposits $20.00K USD 1 Quarter
Borrowings InterestExpenseBorrowings $1.00K USD 1 Quarter
Borrowings InterestExpenseBorrowings $1.00K USD 1 Quarter
Total interest expense InterestExpense $195.00K USD 1 Quarter
Total interest expense InterestExpense $394.00K USD 1 Quarter
Net interest income InterestIncomeExpenseNet $10.05M USD 1 Quarter
Net interest income InterestIncomeExpenseNet $9.18M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.80M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.90M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $8.25M USD 1 Quarter
Net interest income after provision for loan losses InterestIncomeExpenseAfterProvisionForLoanLoss $7.28M USD 1 Quarter
Total noninterest income NoninterestIncome $5.46M USD 1 Quarter
Total noninterest income NoninterestIncome $3.12M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $5.00M USD 1 Quarter
Employee compensation and benefits LaborAndRelatedExpense $3.98M USD 1 Quarter
Occupancy and equipment OccupancyNet $699.00K USD 1 Quarter
Occupancy and equipment OccupancyNet $546.00K USD 1 Quarter
Professional and consulting services ProfessionalFees $847.00K USD 1 Quarter
Professional and consulting services ProfessionalFees $775.00K USD 1 Quarter
FDIC and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $98.00K USD 1 Quarter
FDIC and regulatory assessments FederalDepositInsuranceCorporationPremiumExpense $91.00K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $76.00K USD 1 Quarter
Advertising and marketing MarketingAndAdvertisingExpense $332.00K USD 1 Quarter
Travel and business relations TravelAndEntertainmentExpense $39.00K USD 1 Quarter
Travel and business relations TravelAndEntertainmentExpense $127.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $729.00K USD 1 Quarter
Data processing InformationTechnologyAndDataProcessing $851.00K USD 1 Quarter
Other operating expenses OtherNoninterestExpense $472.00K USD 1 Quarter
Other operating expenses OtherNoninterestExpense $398.00K USD 1 Quarter
Total noninterest expense NoninterestExpense $6.87M USD 1 Quarter
Total noninterest expense NoninterestExpense $8.19M USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.53M USD 1 Quarter
Net income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.53M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.35M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $937.00K USD 1 Quarter
Net income NetIncomeLoss $2.60M USD 1 Quarter
Net income NetIncomeLoss $4.17M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.35 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.56 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.53 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.33 USD 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $2.60M USD 1 Quarter
Net income NetIncomeLoss $4.17M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.80M USD 1 Quarter
Provision for loan losses ProvisionForLoanAndLeaseLosses $1.90M USD 1 Quarter
Depreciation Depreciation $154.00K USD 1 Quarter
Depreciation Depreciation $139.00K USD 1 Quarter
Stock compensation expense StockOptionPlanExpense $388.00K USD 1 Quarter
Stock compensation expense StockOptionPlanExpense $491.00K USD 1 Quarter
Securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-192.00K USD 1 Quarter
Securities AccretionAmortizationOfDiscountsAndPremiumsInvestments $-254.00K USD 1 Quarter
Loans AmortizationOfDeferredLoanOriginationFeesNet $-79.00K USD 1 Quarter
Loans AmortizationOfDeferredLoanOriginationFeesNet $181.00K USD 1 Quarter
Right of use asset OperatingLeaseRightOfUseAssetAmortization $111.00K USD 1 Quarter
Right of use asset OperatingLeaseRightOfUseAssetAmortization $115.00K USD 1 Quarter
Software AmortizationOfSoftware $128.00K USD 1 Quarter
Software AmortizationOfSoftware $257.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $308.00K USD 1 Quarter
Accrued interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $67.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-3.76M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-354.00K USD 1 Quarter
Operating lease liability IncreaseDecreaseInOperatingLeaseLiability $-102.00K USD 1 Quarter
Operating lease liability IncreaseDecreaseInOperatingLeaseLiability $-132.00K USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.90M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $13.28M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $7.72M USD 1 Quarter
Net change in loans PaymentsToAcquireLoansReceivable $30.28M USD 1 Quarter
Net change in loans PaymentsToAcquireLoansReceivable $25.12M USD 1 Quarter
Net change in securities purchased under agreements to resell ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell $1.23M USD 1 Quarter
Purchases of securities available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $33.62M USD 1 Quarter
Principal repayments on securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $9.55M USD 1 Quarter
Principal repayments on securities available-for-sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $17.35M USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $217.00K USD 1 Quarter
Purchases of premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $83.00K USD 1 Quarter
Development of capitalized software PaymentsToDevelopSoftware $371.00K USD 1 Quarter
Development of capitalized software PaymentsToDevelopSoftware $779.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-46.19M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-16.16M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $55.61M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $17.21M USD 1 Quarter
Decrease in secured borrowings RepaymentsOfSecuredDebt $1.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $290.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $10.00K USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $485.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $17.01M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $55.62M USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $8.57M USD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $22.71M USD 1 Quarter
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $61.81M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.38M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $87.89M USD Point-in-time
Cash and cash equivalents at beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.19M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $61.81M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $70.38M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $87.89M USD Point-in-time
Cash and cash equivalents at end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.19M USD Point-in-time
Interest InterestPaidNet $395.00K USD 1 Quarter
Interest InterestPaidNet $195.00K USD 1 Quarter
Taxes IncomeTaxesPaid $182.00K USD 1 Quarter
Taxes IncomeTaxesPaid $275.00K USD 1 Quarter
Right of use asset obtained in exchange for lease liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $543.00K USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Repurchase of shares StockOptionExercisedStockRepurchasedDuringPeriodShares 40,468.00 shares 1 Quarter
Repurchase of shares StockOptionExercisedStockRepurchasedDuringPeriodShares 20,224.00 shares 1 Quarter
Balance StockholdersEquity $126.08M USD Point-in-time
Balance StockholdersEquity $129.27M USD Point-in-time
Balance StockholdersEquity $111.06M USD Point-in-time
Balance StockholdersEquity $114.89M USD Point-in-time
Net income NetIncomeLoss $2.60M USD 1 Quarter
Net income NetIncomeLoss $4.17M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.03M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.49M USD 1 Quarter
Exercise of stock options, net of repurchases StockIssuedDuringPeriodValueStockOptionsExercised $10.00K USD 1 Quarter
Exercise of stock options, net of repurchases StockIssuedDuringPeriodValueStockOptionsExercised $290.00K USD 1 Quarter
Stock compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $388.00K USD 1 Quarter
Stock compensation expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $491.00K USD 1 Quarter
Purchase of common stock StockRepurchasedDuringPeriodValue $485.00K USD 1 Quarter
Balance StockholdersEquity $126.08M USD Point-in-time
Balance StockholdersEquity $129.27M USD Point-in-time
Balance StockholdersEquity $111.06M USD Point-in-time
Balance StockholdersEquity $114.89M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $2.60M USD 1 Quarter
Net income NetIncomeLoss $4.17M USD 1 Quarter
Unrealized (losses) gains arising during the period on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-2.08M USD 1 Quarter
Unrealized (losses) gains arising during the period on securities available-for-sale OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.45M USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $412.00K USD 1 Quarter
Tax effect OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-591.00K USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.03M USD 1 Quarter
Total other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.49M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $3.63M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.69M USD 1 Quarter

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

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