POTOMAC BANCSHARES INC (PTBS)
Potomac Bancshares, Inc. serves as the parent company for Bank of Charles Town, delivering a comprehensive suite of financial solutions to individual consumers and commercial enterprises alike. The bank offers a diverse range of deposit accounts, including checking, savings, and individual retirement accounts, alongside certificates of deposit (CDs). For personal financing needs, they provide loans for new and pre-owned vehicles, home equity loans and lines of credit (HELOCs), unsecured personal and home improvement loans, retail equipment financing, lot loans, and loans secured by CDs. Businesses can access various commercial lending options, such as financing for building or office acquisitions, commercial real estate and construction projects, and the purchase of production and administrative equipment. Their broader loan portfolio includes general lines of credit, mortgages, term loans, residential and commercial construction financing, commercial real estate loans, and agricultural loans. Further enhancing its service offerings, the institution provides credit and debit cards, Card Pay solutions, cash management services, and merchant processing. They also extend a variety of financial advisory services, including financial planning, trust and estate administration, investment management, wealth management, and full-service brokerage. Customers can also seek assistance with retirement and insurance planning, asset allocation and management, and college planning. For convenient access, the bank supports telephone, mobile, and online banking platforms. The company's operations are supported by nine full-service branch locations and a dedicated loan production office, strategically situated in the Eastern Panhandle of West Virginia, Washington County, Maryland, and Loudoun County, Virginia. Potomac Bancshares, Inc. was established in 1871 and is headquartered in Charles Town, West Virginia.
Sector: State Commercial Banks
Industry: Banks - Regional
Potomac Bancshares, Inc.
OTC:PTBSFinancial Services · Banks - Regional
+0.00%$26.60
Mkt Cap$90.18M
Float2.91M
O/S3.39M
Inst Own7.2%
SI<0.1%
Div Yield2.11%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$53.86M
Net Income$8.96M
Total Assets$944.13M
Free Cash Flow$9.23M
Debt & Equity
Debt 33%
Equity 67%
Total Debt$41.45M
Total Equity$82.39M
Shares Outstanding
Short Interest
Split History2 splits
- 1.0:1Forward splitMay 11, 20061 share → 1.0
- 4:1Forward splitMar 3, 20031 share → 4
Balance Sheet Details
Assets$944.13M
Liabilities$861.74M
Accounts Receivable$2.31M
Accounts Payable$1.05M
Inventory$0
PP&E (Net)$9.6M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Revenue | $53.86M | $47.09M | $40.53M | $31.91M | $29.04M | $26.38M | $24.71M | $21.47M | $20.65M | $18.06M | $16.68M | $15.94M | $15.11M | $13.51M | $16.94M | $17.98M | $19.19M | $21.71M | $24.05M | $22.86M | $18.61M | $15.17M | $13.63M | $13.38M | $12.31M | $11.48M | $11.18M | $5.65M | $4.97M |
| YoY Growth | 14.4% | 16.2% | 27.0% | 9.9% | 10.1% | 6.8% | 15.1% | 4.0% | 14.3% | 8.2% | 4.7% | 5.4% | 11.9% | -20.3% | -5.8% | -6.3% | -11.6% | -9.7% | 5.2% | 22.9% | 22.7% | 11.3% | 1.9% | 8.6% | 7.3% | 2.7% | 97.8% | 13.8% | - |
| Cost of Revenue | $15.51M | $14.62M | $9.57M | $2.79M | $2.42M | $3.5M | $3.78M | $2.7M | $2.12M | $1.76M | $1.51M | $1.27M | $0 | $0 | $6.24M | $5.74M | $11.81M | $9.41M | $8.84M | $7.26M | $4.46M | $2.7M | $2.38M | $3.25M | $3.98M | $3.9M | $4.31M | $4.53M | $3.84M |
| Gross Profit | $38.35M | $32.47M | $30.96M | $29.12M | $26.61M | $22.88M | $20.93M | $18.77M | $18.54M | $16.3M | $15.17M | $14.66M | $15.11M | $13.51M | $10.7M | $12.24M | $7.38M | $12.3M | $15.22M | $15.6M | $14.14M | $12.47M | $11.25M | $10.13M | $8.34M | $7.58M | $6.87M | $1.13M | $1.13M |
| Gross Margin | 71.2% | 69.0% | 76.4% | 91.3% | 91.7% | 86.7% | 84.7% | 87.4% | 89.8% | 90.2% | 90.9% | 92.0% | 100.0% | 100.0% | 63.1% | 68.1% | 38.5% | 56.7% | 63.3% | 68.2% | 76.0% | 82.2% | 82.5% | 75.7% | 67.7% | 66.0% | 61.5% | 19.9% | 22.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.42M | $2.1M | $1.68M | $1.38M | $1.17M | $1.01M | $1.35M | $1.3M | $1.09M | $832K | $701K | $701K | $0 | $0 | $6.15M | $5.84M | $6.77M | $5.91M | $5.5M | $5.4M | $4.8M | $4.3M | $4.18M | $3.72M | $3.31M | $2.97M | $2.6M | $2.63M | $2.47M |
| Other | $24.44M | $21.57M | $19.93M | $18.36M | $15.66M | $17.02M | $15.46M | $13.13M | $11.53M | $12.08M | $10.55M | $10.74M | $0 | $0 | $6.81M | $3.92M | $4.29M | $3.68M | $4.19M | $3.86M | $3.66M | $3.37M | $2.96M | $2.54M | $1.85M | $1.74M | $1.87M | -$3.86M | -$4.07M |
| Total Operating Expenses | $26.86M | $23.67M | $21.61M | $19.73M | $16.84M | $18.04M | $16.81M | $14.43M | $12.62M | $12.91M | $11.25M | $11.44M | $11.7M | $11.1M | $12.96M | $9.76M | $11.06M | $9.59M | $9.69M | $9.26M | $8.46M | $7.67M | $7.14M | $6.26M | $5.16M | $4.71M | $4.47M | -$1.23M | -$1.6M |
| Operating Income (EBIT) | $11.5M | $8.8M | $9.35M | $9.39M | $9.78M | $4.84M | $4.11M | $4.35M | $5.92M | $3.39M | $3.93M | $3.22M | $3.42M | $2.4M | -$2.26M | $2.47M | -$3.68M | $2.71M | $5.53M | $6.34M | $5.68M | $4.8M | $4.11M | $3.87M | $3.17M | $2.87M | $2.4M | $2.36M | $2.73M |
| Operating Margin | 21.4% | 18.7% | 23.1% | 29.4% | 33.7% | 18.4% | 16.7% | 20.2% | 28.7% | 18.7% | 23.5% | 20.2% | 22.6% | 17.8% | -13.3% | 13.8% | -19.2% | 12.5% | 23.0% | 27.7% | 30.5% | 31.6% | 30.1% | 28.9% | 25.8% | 25.0% | 21.5% | 41.7% | 54.9% |
| Interest Expense | $15.51M | $14.62M | $9.57M | $2.79M | $2.42M | $3.5M | $3.78M | $2.7M | $2.12M | $1.76M | $1.51M | $1.27M | $0 | $0 | $2.9M | $4.14M | $5.12M | $6.48M | $8.16M | $6.93M | $4.13M | $2.41M | $2.23M | $2.82M | $3.76M | $3.97M | $4.21M | $4.4M | $3.71M |
| Interest Income | $47.35M | $41.69M | $35.58M | $27.06M | $23M | $21.34M | $20.07M | $17.57M | $16.11M | $14.33M | $12.81M | $12.07M | $0 | $0 | $12.54M | $13.88M | $14.89M | $16.98M | $19.69M | $19.1M | $15.42M | $12.01M | $10.79M | $11.28M | $10.96M | $10.33M | $10.01M | $10.06M | $9.56M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $11.49M | $8.8M | $9.35M | $9.39M | $9.78M | $4.84M | $4.11M | $4.35M | $5.92M | $3.39M | $3.93M | $3.22M | $3.42M | $2.4M | -$2.26M | $2.47M | -$3.68M | $2.71M | $5.53M | $6.34M | $5.68M | $4.8M | $4.11M | $3.87M | $3.17M | $2.87M | $2.4M | $2.36M | $2.73M |
| Income Tax Expense | $2.53M | $1.97M | $2.09M | $2.08M | $2.21M | $1.06M | $901K | $954K | $2.11M | $1.17M | $1.35M | $1.06M | $1.09M | $765K | -$1.25M | $680K | -$1.44M | $853K | $2M | $2.31M | $2.02M | $1.71M | $1.43M | $1.41M | $1.17M | $1.05M | $900K | $869K | $1.01M |
| Net Income | $8.96M | $6.83M | $7.26M | $7.31M | $7.57M | $3.79M | $3.21M | $3.39M | $3.81M | $2.22M | $2.58M | $2.16M | $2.33M | $1.64M | -$1.01M | $1.79M | -$2.24M | $1.86M | $3.53M | $4.04M | $3.66M | $3.09M | $2.67M | $2.46M | $2.01M | $1.81M | $1.5M | $1.49M | $1.72M |
| Net Income Margin | 16.6% | 14.5% | 17.9% | 22.9% | 26.1% | 14.3% | 13.0% | 15.8% | 18.5% | 12.3% | 15.5% | 13.5% | 15.4% | 12.1% | -6.0% | 10.0% | -11.7% | 8.6% | 14.7% | 17.6% | 19.7% | 20.4% | 19.6% | 18.4% | 16.3% | 15.8% | 13.4% | 26.3% | 34.7% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 2.16 | 1.65 | 1.75 | 1.77 | 1.83 | 0.92 | 0.78 | 0.94 | 1.14 | 0.66 | 0.76 | 0.64 | 0.69 | 0.48 | -0.30 | 0.53 | -0.66 | 0.55 | 1.03 | 1.17 | 1.06 | 0.89 | 0.75 | 2.06 | 0.56 | 0.50 | 0.43 | 0.41 | 0.48 |
| Diluted EPS | 2.16 | 1.65 | 1.75 | 1.77 | 1.83 | 0.92 | 0.78 | 0.94 | 1.14 | 0.66 | 0.76 | 0.64 | 0.69 | 0.48 | -0.30 | 0.53 | -0.66 | 0.55 | 1.03 | 1.16 | 1.05 | 0.89 | 0.75 | 2.06 | 0.56 | 0.50 | 0.43 | 0.41 | 0.48 |
| Weighted Average OS | 4.14M | 4.14M | 4.14M | 4.14M | 4.13M | 4.13M | 4.13M | 3.60M | 3.34M | 3.35M | 3.38M | 3.39M | 3.37M | 3.41M | 3.39M | 3.39M | 3.39M | 3.40M | 3.42M | 3.45M | 3.46M | 3.47M | 3.57M | 3.59M | 3.60M | 3.60M | 3.50M | 3.60M | 3.60M |
| EBITDA | $12.41M | $9.66M | $10.27M | $10.32M | $10.76M | $5.88M | $5.11M | $4.89M | $6.36M | $3.83M | $4.37M | $3.66M | $3.42M | $0 | -$1.78M | $3.02M | -$3.1M | $3.25M | $6.03M | $6.92M | $6.33M | $5.51M | $4.88M | $4.28M | $3.46M | $3.1M | $2.6M | $2.58M | $2.95M |
| EBITDA Margin | 23.0% | 20.5% | 25.3% | 32.3% | 37.1% | 22.3% | 20.7% | 22.8% | 30.8% | 21.2% | 26.2% | 23.0% | 22.6% | - | -10.5% | 16.8% | -16.2% | 15.0% | 25.1% | 30.3% | 34.0% | 36.3% | 35.8% | 32.0% | 28.1% | 27.0% | 23.3% | 45.7% | 59.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $3.6M | $64.76M | $3.52M | $12.36M | $89.02M | $43.68M | $32.51M | $2.45M | $33.07M | $11.48M | $1.93M | $1.99M | $12.93M | $10.18M | $12.62M | $5.04M | $6.03M | $6.58M | $8.12M | $12.16M | $10.63M | $13.21M | $11.82M | $6.05M | $5.5M | $4.65M | $4.52M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.6M | $64.76M | $3.52M | $12.36M | $89.02M | $43.68M | $32.51M | $2.45M | $33.07M | $11.48M | $1.93M | $1.99M | $12.93M | $10.18M | $12.62M | $5.04M | $6.03M | $6.58M | $8.12M | $12.16M | $10.63M | $13.21M | $11.82M | $6.05M | $5.5M | $4.65M | $4.52M |
| Accounts Receivable | $2.31M | $2.28M | $2M | $1.7M | $1.51M | $1.87M | $1.18M | $0 | $963K | $832K | $0 | $0 | $832K | $960K | $952K | $1.11M | $1.37M | $1.43M | $1.15M | $913K | $909K | $1.06M | $1.14M | $1.05M | $1.1M | $1.17M | $1.01M |
| Inventory | $0 | $0 | $0 | -$5.38M | -$4.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | -$2M | $5.38M | $4.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $5.91M | $67.05M | $3.52M | $14.06M | $90.52M | $45.55M | $33.68M | $2.45M | $34.03M | $12.31M | $1.93M | $1.99M | $13.76M | $11.14M | $13.57M | $6.14M | $7.4M | $8.01M | $9.27M | $13.08M | $11.54M | $14.28M | $12.96M | $7.1M | $6.6M | $5.81M | $5.53M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $9.6M | $8.1M | $7.2M | $7.96M | $8.64M | $9.44M | $7.9M | $7.77M | $7.16M | $7.06M | $7.13M | $7.32M | $7.92M | $8.27M | $8.73M | $8.02M | $6.24M | $6.42M | $6.04M | $5.79M | $4.99M | $4.46M | $3.39M | $3.18M | $2.1M | $1.28M | $1.2M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $746.61M | $698.64M | $67.43M | $9.99M | $87.43M | $491.29M | $410.78M | $0 | $343.18M | $329.4M | $0 | $0 | $42.33M | $42.69M | $33.21M | $27.48M | $39.57M | $42.71M | $255.22M | $47.34M | $44.43M | $172.98M | $155.51M | $136.63M | $134.9M | $126.87M | $77.07M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $182.16M | $103.56M | $685.38M | $724.04M | $524.8M | $74.63M | $63.43M | $474.33M | $41.13M | $34.94M | $342.7M | $311.61M | -$50.25M | -$50.96M | -$41.94M | -$35.49M | -$45.81M | -$49.13M | $6.79M | -$53.13M | -$49.42M | $1.16M | $1.23M | $1.31M | $1.1M | $14.14M | $46.75M |
| Total Long-Term Assets | $938.37M | $810.3M | $760.01M | $741.99M | $620.87M | $575.36M | $482.1M | $482.1M | $391.46M | $371.4M | $349.82M | $318.93M | $50.25M | $50.96M | $41.94M | $35.49M | $45.81M | $49.13M | $268.06M | $53.13M | $49.42M | $178.6M | $160.13M | $141.12M | $138.1M | $142.29M | $125.03M |
| Other Assets | $0 | $0 | $67.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $223.38M | $235.51M | $247.68M | $258.74M | $245.02M | $235.61M | $0 | $182.33M | $145.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $944.13M | $877.35M | $830.71M | $756.05M | $711.39M | $620.91M | $515.79M | $484.55M | $425.49M | $383.71M | $351.76M | $320.92M | $287.39M | $297.61M | $303.19M | $300.38M | $298.22M | $292.75M | $277.33M | $248.54M | $206.64M | $192.88M | $173.09M | $148.22M | $144.7M | $148.1M | $130.56M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $1.05M | $1.27M | $763K | $363K | $283K | $325K | $337K | $355K | $219K | $182K | $178K | $170K | $204K | $361K | $405K | $481K | $757K | $672K | $331K | $180K | $128K | $160K | $223K | $303K | $300K | $0 | $0 |
| Short-Term Debt | $2.45M | $0 | $3.21M | $16.27M | $7.41M | $3.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.56M | $0 | $345K | $8.14M | $5.3M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$363K | -$283K | -$325K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$715K | $754.36M | $262.01M | $209.63M | $141.26M | $106M | $449.88M | $0 | $372.16M | $333.87M | $0 | -$170K | -$204K | -$722K | -$810K | -$962K | -$1.51M | -$1.34M | $229.88M | -$360K | -$601K | $162.18M | $146.89M | $128.94M | $126.7M | $130.67M | $114.18M |
| Total Current Liabilities | $2.79M | $755.62M | $266.74M | $226.26M | $148.96M | $109.35M | $450.22M | $355K | $372.38M | $334.05M | $178K | $170K | $204K | $361K | $405K | $481K | $757K | $672K | $250.1M | $180K | $473K | $170.64M | $152.64M | $129.55M | $127M | $130.67M | $114.18M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $39M | $40.96M | $15.9M | $9.84M | $9.79M | $9.73M | $5M | $5M | $11.54M | $7.54M | $8.54M | $0 | $1.52M | $2.72M | $3.86M | $4.78M | $212K | $620K | $1M | $6.37M | $1.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $8.76M | $7.35M | $480.28M | $458.3M | $490.39M | $445.24M | $8.65M | $429.67M | $5.76M | $8.93M | $311.21M | $0 | -$1.52M | -$2.72M | -$3.86M | -$4.78M | -$212K | -$620K | $1.19M | -$6.37M | -$1.37M | $920K | $1.03M | $707K | $1M | $1.24M | $1.08M |
| Total Long-Term Liabilities | $47.76M | $48.31M | $497.1M | $469.33M | $501.66M | $456.75M | $13.65M | $434.67M | $17.3M | $16.47M | $319.75M | $290.7M | $1.52M | $2.72M | $3.86M | $4.78M | $212K | $620K | $2.2M | $6.37M | $1.37M | $920K | $1.03M | $707K | $1M | $1.24M | $1.08M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $260.2M | $267.75M | $273.36M | $267.32M | $268.24M | $264.74M | $0 | $219.23M | $183.47M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $861.74M | $803.93M | $763.84M | $695.59M | $650.62M | $566.1M | $463.86M | $435.03M | $389.68M | $350.52M | $319.92M | $290.87M | $261.93M | $270.83M | $277.62M | $272.58M | $269.21M | $266.03M | $252.29M | $225.78M | $185.31M | $171.56M | $153.68M | $130.26M | $128M | $131.91M | $115.26M |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4.49M | $4.49M | $4.49M | $4.49M | $4.48M | $4.48M | $4.48M | $4.48M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.67M | $3.6M | $1.8M | $1.8M | $600K | $600K | $600K | $600K | $600K | $600K |
| Retained Earnings | $70.65M | $63.81M | $58.88M | $53.65M | $47.78M | $41.5M | $38.87M | $36.81M | $34.42M | $31.04M | $29.66M | $27.79M | $22.65M | $23.73M | $21.93M | $25.07M | $24.79M | $22.68M | $21.16M | $18.63M | $16.54M | $14.8M | $13.21M | $12.01M | $0 | $10.09M | $9.29M |
| Comprehensive Income & Other | -$3.81M | $0 | -$7.56M | -$8.73M | -$2.36M | -$2.03M | $0 | -$2.64M | $0 | $0 | -$2.23M | -$2.49M | -$1.93M | -$1.69M | -$1.06M | -$1.95M | -$514K | -$1.01M | -$276K | -$25K | $498K | $759K | $209K | -$44K | $10.6M | $105K | $6K |
| Other Stockholders' Equity | $7.25M | $5.12M | $3.5M | $2.32M | $8.5M | $8.83M | $8.57M | $8.23M | -$2.28M | -$1.53M | -$1.5M | -$1.41M | -$855K | -$621K | -$31K | -$938K | $556K | $368K | $274K | $2.33M | $2.99M | $5.91M | $5.61M | $5.36M | $16.1M | $5.51M | $5.41M |
| Total Equity | $82.39M | $73.42M | $66.87M | $60.46M | $60.77M | $54.81M | $51.92M | $49.52M | $35.82M | $33.18M | $31.83M | $30.05M | $25.46M | $26.78M | $25.57M | $27.8M | $29.02M | $26.72M | $25.03M | $22.76M | $21.33M | $21.31M | $19.42M | $17.96M | $16.7M | $16.2M | $15.3M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $944.13M | $877.35M | $830.71M | $756.05M | $711.39M | $620.91M | $515.79M | $484.55M | $425.49M | $383.71M | $351.76M | $320.92M | $287.39M | $297.61M | $303.19M | $300.38M | $298.22M | $292.75M | $277.33M | $248.54M | $206.64M | $192.88M | $173.09M | $148.22M | $144.7M | $148.1M | $130.56M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $41.45M | $40.96M | $20.03M | $27.31M | $18.68M | $14.86M | $5M | $5M | $11.54M | $7.54M | $8.54M | $9.52M | $1.52M | $2.72M | $3.86M | $4.78M | $212K | $620K | $20.56M | $6.37M | $1.72M | $8.14M | $5.3M | $0 | $0 | $0 | $0 |
| Net Debt | $37.85M | -$23.81M | $16.5M | $14.95M | -$70.34M | -$28.82M | -$27.51M | $2.55M | -$21.53M | -$3.93M | $6.61M | $7.53M | -$11.41M | -$7.46M | -$8.77M | -$260K | -$5.82M | -$5.96M | $12.45M | -$5.79M | -$8.92M | -$5.07M | -$6.52M | -$6.05M | -$5.5M | -$4.65M | -$4.52M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $8.96M | $6.83M | $7.26M | $7.31M | $7.57M | $3.79M | $3.21M | $3.39M | $3.81M | $2.22M | $2.58M | $2.16M | $2.33M | $1.64M | -$1.01M | $1.79M | -$2.24M | $1.86M | $3.53M | $4.04M | $3.66M | $3.09M | $2.67M | $2.46M | $2.01M | $1.81M | $1.5M | $1.49M | $1.72M |
| Depreciation & Amortization | $922K | $856K | $917K | $934K | $981K | $1.04M | $999K | $545K | $445K | $441K | $446K | $445K | $0 | $0 | $477K | $550K | $573K | $532K | $505K | $582K | $647K | $706K | $777K | $417K | $288K | $237K | $200K | $225K | $221K |
| Deferred Income Tax | $0 | $0 | -$139K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.2M | $494K | -$609K | -$474K | -$250K | -$190K | -$41K | -$32K | $20K | $2K | -$98K | $33K | -$100K | -$44K | -$41K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $34K | $47K | $70K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$26K | -$280K | -$300K | -$196K | $361K | -$690K | -$125K | -$90K | -$131K | -$37K | -$30K | -$14K | $0 | $0 | $128K | $0 | $0 | $258K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$157K | -$44K | -$76K | -$276K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $16K |
| Other Working Capital | $1.2M | $86K | $7.83M | $48K | $296K | -$690K | -$742K | -$15K | -$355K | -$144K | $757K | -$624K | $0 | $0 | $420K | $435K | -$3.46M | -$114K | $0 | -$945K | -$791K | -$307K | -$2.8M | -$638K | $107K | -$150K | $0 | -$63K | $3K |
| Total Working Capital Change | $1.17M | -$194K | $7.53M | -$148K | $657K | -$1.38M | -$867K | -$105K | -$486K | -$181K | $727K | -$638K | $0 | $0 | $391K | $391K | -$3.54M | -$132K | -$9.79M | -$945K | -$791K | -$307K | -$2.8M | -$638K | $107K | -$150K | $300K | -$56K | $19K |
| Other Non-Cash Items | -$547K | -$429K | -$203K | $1.15M | $1.51M | $23K | $250K | -$17K | -$202K | $1.11M | $231K | $1.3M | -$2.33M | -$1.64M | $5.78M | $1.84M | $6.54M | $10.91M | $802K | $312K | $847K | $731K | $1.41M | -$511K | -$712K | -$128K | $200K | $154K | $156K |
| Net Cash from Operating | $10.51M | $7.06M | $15.37M | $9.24M | $10.72M | $3.47M | $3.6M | $3.81M | $3.57M | $3.59M | $3.98M | $3.27M | $0 | $0 | $4.45M | $5.1M | $773K | $12.77M | -$5.18M | $3.79M | $4.33M | $4.19M | $2.08M | $1.73M | $1.59M | $1.81M | $2.1M | $1.77M | $2.08M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$1.28M | -$2.67M | -$105K | -$224K | -$170K | -$168K | -$812K | -$1.17M | -$538K | -$407K | -$251K | -$232K | $0 | $0 | -$130K | -$99K | -$1.29M | -$2.31M | -$384K | -$958K | -$836K | -$1.4M | -$1.16M | -$1.49M | -$499K | -$1.27M | -$1.2M | -$235K | -$156K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | -$634K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.78M | $9.58M | -$2.42M | $0 | $384K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$13.83M | -$29.88M | -$12.3M | -$32.71M | -$50.92M | -$31.14M | -$28.08M | -$25.36M | -$13.36M | -$7M | $0 | $0 | $0 | $0 | -$34.6M | -$38.55M | -$32.59M | -$15.27M | -$20.84M | -$13.44M | -$23.33M | -$25.8M | -$14.52M | -$20.27M | -$33.21M | -$9.89M | -$6.2M | -$25.63M | -$17.98M |
| Sales of Investments | $13.05M | $36.74M | $16.89M | $9.21M | $29.67M | $19.15M | $27M | $8.06M | $5.34M | $18.07M | $0 | $0 | $0 | $0 | $35.16M | $29.55M | $26.69M | $27.5M | $24.5M | $18M | $22.9M | $21.97M | $21.12M | $19.25M | $20M | $16M | $13.6M | $13.23M | $16M |
| Other Investing Activities | -$47.4M | -$53.04M | -$29.09M | -$105.91M | -$25.53M | -$79.93M | -$46.94M | -$19.36M | -$15.73M | -$51.68M | -$24.82M | -$25.96M | $0 | $0 | -$301K | $2.85M | $5.6M | -$24.9M | $4.39M | -$19.7M | -$31.57M | -$38.99M | -$23.08M | -$14.84M | -$18.01M | -$5.79M | -$1.9M | $91K | $0 |
| Net Cash from Investing | -$49.46M | -$48.86M | -$24.6M | -$129.64M | -$46.95M | -$92.09M | -$49.46M | -$37.84M | -$24.29M | -$41.02M | -$25.07M | -$26.19M | $0 | $0 | $5.9M | $3.32M | -$4.02M | -$14.99M | $8.05M | -$16.1M | -$32.83M | -$44.23M | -$17.63M | -$17.35M | -$31.72M | -$951K | $5.5M | -$12.55M | -$2.14M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | $2M | -$25M | -$6M | - | - | -$4.72M | $516K | $6.02M | - | - | - | - | - | - | $1.19M | $1.14M | - | -$4.56M | $408K | $385K | $5.37M | -$4.66M | $327K | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $199K | $0 | $0 | $0 | $11.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$277K | $0 | -$351K | $0 | $0 | $0 | $0 | $0 | -$29K | -$149K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$2.11M | -$1.91M | -$1.57M | -$1.45M | -$1.28M | -$1.16M | -$1.16M | -$1M | -$902K | -$836K | -$710K | -$576K | $0 | $0 | -$67K | $0 | -$899K | -$1.55M | -$1.42M | -$1.29M | -$1.14M | -$1M | -$932K | -$865K | -$810K | -$750K | -$700K | -$690K | -$690K |
| Other Financing Activities | $58.67M | $14.68M | $74.21M | $36.38M | $80.54M | $98.66M | $25.75M | $51.97M | $39.99M | $30.32M | $28.5M | $22.76M | $0 | $0 | -$8.27M | -$7M | $8.45M | $714K | $1.6M | $21.9M | $29.33M | $27.3M | $11.08M | $15.29M | $17.95M | $2.26M | -$4M | $14.08M | $4.31M |
| Net Cash from Financing | $53.84M | $38.1M | $65.57M | $43.98M | $83.32M | $101.31M | $24.7M | $55.63M | $38.81M | $29.48M | $27.44M | $22.18M | $0 | $0 | -$9.53M | -$8.14M | $7.52M | -$581K | $1.36M | $10.76M | $24.81M | $39.19M | $11.45M | $17.02M | $22.44M | $1.51M | -$4.7M | $15.79M | $4.98M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $14.88M | -$3.69M | $56.34M | -$76.41M | $47.08M | $12.68M | -$21.16M | $21.6M | $18.09M | -$7.95M | $6.36M | -$742K | $0 | $0 | $819K | $282K | $4.27M | -$2.8M | $4.22M | -$1.55M | -$3.7M | -$853K | -$4.1M | $1.4M | -$7.69M | $2.36M | $3M | $5.01M | $4.92M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $10.51M | $7.06M | $15.37M | $9.24M | $10.72M | $3.47M | $3.6M | $3.81M | $3.57M | $3.59M | $3.98M | $3.27M | $0 | $0 | $4.45M | $5.1M | $773K | $12.77M | -$5.18M | $3.79M | $4.33M | $4.19M | $2.08M | $1.73M | $1.59M | $1.81M | $2.1M | $1.77M | $2.08M |
| Capital Expenditure | -$1.28M | -$2.67M | -$105K | -$224K | -$170K | -$168K | -$812K | -$1.17M | -$538K | -$407K | -$251K | -$232K | $0 | $0 | -$130K | -$99K | -$1.29M | -$2.31M | -$384K | -$958K | -$836K | -$1.4M | -$1.16M | -$1.49M | -$499K | -$1.27M | -$1.2M | -$235K | -$156K |
| Free Cash Flow | $9.23M | $4.39M | $15.27M | $9.02M | $10.55M | $3.3M | $2.78M | $2.64M | $3.03M | $3.18M | $3.73M | $3.03M | $0 | $0 | $4.32M | $5M | -$515K | $10.45M | -$5.57M | $2.84M | $3.49M | $2.79M | $919K | $243K | $1.09M | $534K | $900K | $1.53M | $1.92M |
| Cash at Beginning | $64.26M | $67.96M | $11.61M | $88.02M | $40.94M | $28.26M | $49.42M | $27.82M | $9.73M | $17.68M | $11.32M | $12.07M | $0 | $0 | $12.9M | $12.62M | $8.35M | $11.15M | $6.93M | $8.47M | $12.17M | $13.02M | $17.13M | $15.73M | $23.42M | $21.05M | $18.1M | $13.12M | $8.2M |
| Cash at End | $79.15M | $64.26M | $67.96M | $11.61M | $88.02M | $40.94M | $28.26M | $49.42M | $27.82M | $9.73M | $17.68M | $11.32M | $0 | $0 | $13.72M | $12.9M | $12.62M | $8.35M | $11.15M | $6.93M | $8.47M | $12.17M | $13.02M | $17.13M | $15.73M | $23.42M | $21.1M | $18.13M | $13.12M |