RLBS Financials 07/16/2014 07:02:30 Reliance Banc

RLBS Financials 07/16/2014 07:02:30
Reliance Bancshares, Inc.
Period Ending Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 43,129 54,757 67,653
Cost of Revenue 6,884 11,770 19,746
Gross Profit - - -
Operating Expenses
Research and Development - - -
Sales, General and Admin. 30,588 41,011 39,147
Non-Recurring Items - 36 578
Other 1,804 23,806 41,508
Operating Income - - -
Income From Continuing Operations
Add'l Income/Expense Items - - -
Earnings Before Interest and Tax 3,853 (21,866) (33,326)
Interest Expense 2,485 3,516 3,891
Earnings Before Tax 1,368 (25,382) (37,217)
Income Tax - 8,616 11,312
Minority Interest - - -
Equity Earnings Unconsolidated Subsidiary - - -
Net Income Cont. Operations 1,368 (33,998) (48,529)
Non Recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect of Accounting Changes - - -
Other Items - - -
Net Income 1,368 (33,998) (48,529)
Preferred Stock and Other Adjustments (2,389) (2,263) (2,208)
Net Income Applicable to Common Shareholders (1,021) (36,261) (50,737)