HBKA Financials 07/16/2014 15:14:25 Highlands Ban
Post# of 3
Highlands Bankshares, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 27,284 30,372 32,009 33,621
Cost of Revenue 2,951 4,229 6,495 8,859
Gross Profit - - - -
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 21,067 19,684 21,537 20,689
Non-Recurring Items - - - -
Other 1,320 958 4,648 4,799
Operating Income - - - -
Income From Continuing Operations
Add'l Income/Expense Items - - - -
Earnings Before Interest and Tax 1,946 5,501 (671) (726)
Interest Expense 3,143 3,259 3,484 3,679
Earnings Before Tax (1,197) 2,242 (4,155) (4,405)
Income Tax (2,679) 220 2,362 (2,265)
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 1,482 2,022 (6,517) (2,140)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 1,482 2,022 (6,517) (2,140)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 1,482 2,022 (6,517) (2,140)