Company research
SELECT BANCORP, INC.
CIK 1263762Updated Sep 24, 2026
Securities
Historical securities (1)
SLCT · NASDAQ · equity · closed Oct 15, 2021Name history
NEW CENTURY BANCORP INC · through Jul 23, 2014
SLCT price & chart
Historical security
This listing closed Oct 15, 2021. Live provider charts are shown only for current listings.
In the news
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Financials
FY 2020 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,730,045,000Source | 1,275,076,000Source | 1,258,525,000Source | 1,194,135,000Source |
| Property, Plant and Equipment, NetUSD | 20,587,000Source | 17,791,000Source | 17,920,000Source | 18,268,000Source |
| GoodwillUSD | 42,907,000Source | 24,579,000Source | 24,579,000Source | 24,904,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 79,077,000Source | 139,362,000Source | 62,695,000Source |
| Operating Lease, Right-of-Use AssetUSD | 8,558,000Source | 8,596,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,514,677,000Source | 1,062,301,000Source | 1,048,914,000Source | 1,058,020,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 17,507,000Source | 18,330,000Source | 19,312,000Source | 14,009,000Source |
| Additional Paid in CapitalUSD | 135,058,000Source | 140,870,000Source | 150,718,000Source | 95,850,000Source |
| Retained Earnings (Accumulated Deficit)USD | 60,838,000Source | 52,675,000Source | 39,640,000Source | 25,858,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,965,000Source | 900,000Source | -59,000Source | 398,000Source |
| Stockholders' Equity Attributable to ParentUSD | 215,368,000Source | 212,775,000Source | 209,611,000Source | 136,115,000Source |
| Liabilities and EquityUSD | 1,730,045,000Source | 1,275,076,000Source | 1,258,525,000Source | 1,194,135,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 8,813,000Source | — | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 1,688,000Source | 1,145,000Source | 928,000Source | 1,146,000Source |
| Long-term DebtUSD | 12,372,000Source | 57,372,000Source | 57,372,000Source | 19,372,000Source |
cash flow · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 360,000Source | 369,000Source | 178,000Source | 115,000Source |
| Deferred Income Tax Expense (Benefit)USD | -709,000Source | 585,000Source | 1,061,000Source | 2,325,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 8,453,000Source | 13,359,000Source | 4,813,000Source | 6,558,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -226,131,000Source | -42,128,000Source | 9,567,000Source | -47,724,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,317,000Source | 1,381,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 7,107,000Source | 11,427,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 254,688,000Source | -31,516,000Source | 62,287,000Source | 48,147,000Source |
| Repayments of Long-term DebtUSD | 25,000,000Source | 0Source | 0Source | 14,653,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 37,010,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 116,087,000Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 11,091,000Source | 11,645,000Source | 9,210,000Source | 4,900,000Source |
| Income Taxes Paid, NetUSD | 4,670,000Source | — | — | — |
| Additional Financial Items | ||||
| AmortizationUSD | 717,000Source | 825,000Source | 1,016,000Source | 409,000Source |
| Amortization of Intangible AssetsUSD | 717,000Source | 825,000Source | 1,016,000Source | 409,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | 48,000Source | 0Source | — |
| DepreciationUSD | 1,400,000Source | 2,800,000Source | 1,700,000Source | 1,000,000Source |
| Depreciation, NonproductionUSD | 1,417,000Source | 1,790,000Source | 1,738,000Source | 1,144,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | -178,000Source | 5,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | — | 48,000Source | 0Source | 1,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | 1,413,000Source | 753,000Source | 497,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | -60,000Source | -62,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -1,616,000Source | — | — | — |
| GoodwillUSD | 42,907,000Source | 24,579,000Source | 24,579,000Source | 24,904,000Source |
| Income Tax Expense (Benefit)USD | 2,215,000Source | 3,696,000Source | 3,910,000Source | 5,712,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,163,000Source | 13,035,000Source | 13,782,000Source | 3,185,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 13,782,000Source | 3,185,000Source |
| Operating Lease, Lease IncomeUSD | — | 449,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 63,250,000Source | 166,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 0Source | 0Source | — | — |
| Proceeds from Stock Options ExercisedUSD | 112,000Source | 228,000Source | 187,000Source | 93,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | -156,000Source | — |
| Restructuring CostsUSD | 755,000Source | 406,000Source | 1,826,000Source | 2,166,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 120,000Source | 717,000Source | — |
| Stock or Unit Option Plan ExpenseUSD | — | 41,000Source | -2,000Source | 39,000Source |
income statement · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| Total RevenueUSD | 3,471,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 2,215,000Source | 3,696,000Source | 3,910,000Source | 5,712,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,163,000Source | 13,035,000Source | 13,782,000Source | 3,185,000Source |
| Earnings Per Share, BasicUSD per share | 0.46Source | 0.69Source | 0.87Source | 0.27Source |
| Earnings Per Share, DilutedUSD per share | 0.45Source | 0.68Source | 0.87Source | 0.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 17,937,596Source | 19,016,808Source | 15,812,585Source | 11,763,050Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 17,961,258Source | 19,063,237Source | 15,877,633Source | 11,826,977Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 717,000Source | 825,000Source | 1,016,000Source | 409,000Source |
| Current Income Tax Expense (Benefit)USD | 2,924,000Source | 3,111,000Source | 2,849,000Source | 3,387,000Source |
| Debt and Equity Securities, Gain (Loss)USD | — | 48,000Source | 0Source | — |
| Interest ExpenseUSD | 10,759,000Source | 11,556,000Source | 9,450,000Source | 5,106,000Source |
| Interest Income (Expense), NetUSD | 52,449,000Source | 46,890,000Source | 47,385,000Source | 34,511,000Source |
| Labor and Related ExpenseUSD | 23,137,000Source | 20,278,000Source | 18,304,000Source | 14,552,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 13,782,000Source | 3,185,000Source |
| Operating Lease, Lease IncomeUSD | — | 449,000Source | — | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 0Source | 0Source |
| Restructuring CostsUSD | 755,000Source | 406,000Source | 1,826,000Source | 2,166,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 120,000Source | 717,000Source | — |