FSRL Financials 07/16/2014 05:06:43 First Relianc

FSRL Financials 07/16/2014 05:06:43
First Reliance Bancshares, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 19,112 25,349 28,032 32,843
Cost of Revenue 2,023 3,976 6,200 10,185
Gross Profit - - - -
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 22,393 18,639 20,362 19,234
Non-Recurring Items - - - -
Other 610 1,946 5,403 3,542
Operating Income - - - -
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax (5,915) 788 (3,934) (118)
Interest Expense 425 506 313 1,471
Earnings Before Tax (6,340) 283 (4,246) (1,589)
Income Tax 1,397 7 5,135 (1,440)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (7,737) 276 (9,381) (149)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (7,737) 276 (9,381) (149)
Preferred Stock and Other Adjustments (1,140) (1,176) (1,175) (1,131)
Net Income Applicable to Common Shareholders (8,877) (900) (10,556) (1,280)