AMERICAN NATIONAL BANKSHARES INC. AMNB Income Statement

American national bankshares inc. (AMNB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and Dividend Income:
Interest and fees on loans
21,321	21,947	22,470	22,629	15,638	15,481	15,062	14,766	14,657	14,426	14,394	13,752	12,704	12,182	12,032	11,642	12,115	11,849	11,474	11,767	11,770	9,859	9,864	9,687	9,847	10,964	11,100	11,358	11,395	11,965	11,421	12,683	13,120	14,881	12,510	6,618	6,679	6,994	7,071
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	1	4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and dividends on securities:
Taxable
2,037	1,991	1,890	1,980	1,821	1,674	1,568	1,540	1,324	1,271	1,108	1,133	1,154	1,108	1,112	1,150	1,084	1,051	1,052	994	975	925	918	968	964	956	845	851	878	914	995	1,056	1,079	1,149	1,192	1,085	1,169	1,253	1,275
Tax-exempt
112	117	134	239	287	298	362	423	419	439	460	509	635	728	767	817	823	882	899	940	960	954	966	1,016	1,035	1,060	1,056	1,045	1,052	1,062	1,059	1,077	1,082	1,089	1,014	827	716	621	554
Dividends
132	127	135	105	84	81	82	78	80	79	77	84	79	76	74	93	91	88	91	85	82	75	72	74	75	69	67	54	55	58	52	52	51	43	35	26	27	24	24
Other interest income
264	408	329	258	266	357	143	185	188	265	235	125	109	73	78	67	58	81	25	50	48	56	32	35	33	45	38	39	29	33	19	18	10	15	28	14	70	90	87
Total interest and dividend income
23,866	24,590	24,958	25,211	18,096	17,891	17,217	16,992	16,668	16,480	16,274	15,603	14,681	14,167	14,063	13,769	14,171	13,951	13,542	13,837	13,839	11,869	11,852	11,780	11,954	13,094	13,106	13,347	13,409	14,032	13,546	14,886	15,342	17,177	14,779	8,570	8,661	8,982	9,011
Interest Expense:
Interest on deposits
3,312	3,496	3,655	3,520	2,472	2,340	2,048	1,873	1,825	1,713	1,529	1,352	1,200	1,201	1,291	1,314	1,297	1,228	1,205	1,184	1,194	1,144	1,120	1,161	1,229	1,317	1,338	1,369	1,436	1,552	1,725	1,729	1,837	1,957	2,079	1,587	1,580	1,722	1,647
Interest on short-term borrowings
129	138	162	178	172	145	29	2	10	79	52	14	28	4	4	1	1	2	2	2	3	1	4	2	2	2	3	14	21	23	33	51	43	81	82	82	80	93	99
Interest on long-term borrowings
-	-	0	14	-	-	0	0	-	-	82	81	80	82	81	81	81	81	82	81	80	82	82	81	80	83	82	82	82	83	84	84	84	85	86	5	53	65	63
Interest on subordinated debt
122	-	123	122	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on junior subordinated debt
384	386	396	388	384	394	389	329	290	272	273	244	239	234	223	213	208	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on junior subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	188	184	-	186	185	184	-	190	189	188	197	204	206	206	194	189	297	343	343	344
Total interest expense
3,947	4,142	4,336	4,222	3,028	2,879	2,466	2,204	2,125	2,117	1,936	1,691	1,547	1,521	1,599	1,609	1,587	1,507	1,481	1,455	1,461	1,414	1,392	1,429	1,495	1,589	1,613	1,654	1,727	1,855	2,046	2,070	2,170	2,317	2,436	1,971	2,056	2,223	2,153
Net Interest Income
19,919	20,448	20,622	20,989	15,068	15,012	14,751	14,788	14,543	14,363	14,338	13,912	13,134	12,646	12,464	12,160	12,584	12,444	12,061	12,382	12,378	10,455	10,460	10,351	10,459	11,505	11,493	11,693	11,682	12,177	11,500	12,816	13,172	14,860	12,343	6,599	6,605	6,759	6,858
Provision for loan losses
953	462	-12	-10	16	-6	-23	-30	-44	-74	440	350	300	50	100	50	50	250	0	100	600	250	0	150	0	0	0	0	294	334	333	733	733	1,972	525	336	337	435	285
Net Interest Income After Provision for Loan Losses
18,966	19,986	20,634	20,999	15,052	15,018	14,774	14,818	14,587	14,437	13,898	13,562	12,834	12,596	12,364	12,110	12,534	12,194	12,061	12,282	11,778	10,205	10,460	10,201	10,459	11,505	11,493	11,693	11,388	11,843	11,167	12,083	12,439	12,888	11,818	6,263	6,268	6,324	6,573
Noninterest Income:
Trust fees
-	-	979	933	-	908	1,001	945	929	-	1,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	783	724	-	646	605	592	612	-	622	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other fees and commissions
-	-	1,003	1,015	-	660	656	679	642	-	618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
-	-	710	586	-	370	551	491	450	-	612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities gains, net
814	32	105	147	323	-270	-17	289	121	-	0	331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust fees
-	-	-	-	-	-	-	-	-	-	-	-	912	-	938	961	930	972	1,006	1,005	952	1,065	992	1,017	1,122	1,080	1,077	944	588	929	926	966	882	834	921	878	928	842	801
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	523	-	514	514	492	523	521	525	497	450	441	431	413	460	452	429	409	442	414	413	488	567	575	400	421	478	483
Other fees and commissions
-	-	-	-	-	-	-	-	-	-	-	-	673	-	663	656	672	590	592	607	588	487	479	493	444	471	471	463	459	445	421	445	457	427	429	338	316	290	288
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	529	-	512	365	292	333	376	389	222	246	342	275	263	295	464	531	718	569	615	519	531	470	374	271	147	428	343
Securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	259	-	73	222	366	314	6	237	310	1	315	150	39	-11	4	1	198	-2	0	160	0	17	0	-19	1	67	4
Brokerage fees
211	205	183	186	147	192	172	209	222	226	219	192	192	207	209	223	204	265	255	211	215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Small Business Investment Companies
55	-	-	-	168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Small Business Investment Companies
-	-	143	-137	-	-	150	171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Small Business Investment Companies
55	-	-	-	168	-	-	-	155	-	86	6	26	225	0	72	166	485	99	94	234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on premises and equipment, net
-82	-	-2	-87	-	-	63	0	-	-	337	-	-	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
274	440	267	315	191	334	199	187	202	391	212	215	157	399	212	354	175	325	200	190	138	-276	412	334	422	-172	299	318	398	303	314	297	876	272	399	120	158	136	124
Total noninterest income
4,495	3,866	4,171	3,682	3,451	2,998	3,380	3,563	3,333	3,804	3,804	3,348	3,271	3,721	3,120	3,367	3,297	3,818	3,055	3,258	3,156	2,792	2,981	2,700	2,703	2,604	2,767	2,686	2,770	2,686	2,690	2,800	3,234	2,587	2,698	1,988	1,971	2,241	2,043
Noninterest Expense:
Salaries
6,059	6,665	6,295	7,048	4,664	5,132	5,285	5,095	4,997	5,225	5,072	4,733	4,799	4,696	4,626	4,031	4,215	3,920	4,179	4,308	4,147	3,798	3,714	3,638	3,538	3,507	3,610	3,503	3,439	3,932	3,933	3,809	4,111	3,702	3,676	2,546	2,485	2,596	2,596
Employee benefits
1,301	1,321	1,367	1,425	1,230	1,048	1,036	1,111	1,175	982	1,048	1,061	1,183	626	1,034	1,055	1,114	1,096	1,029	1,111	1,075	367	799	847	975	1,226	856	867	899	947	780	799	1,078	785	731	624	541	564	633
Occupancy and equipment
1,366	1,454	1,448	1,431	1,084	1,081	1,069	1,100	1,128	1,120	1,151	1,148	1,068	1,084	1,004	1,059	1,099	1,135	1,094	1,024	1,172	948	933	910	936	893	933	872	916	1,009	929	1,048	965	888	916	696	699	732	698
FDIC assessment
95	-	-	-	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessment
-	-	-175	169	-	125	134	132	146	137	138	134	129	128	138	193	188	185	185	195	185	161	157	165	164	162	163	161	161	162	84	213	233	155	94	197	205	203	199
Bank franchise tax
426	531	411	412	290	191	291	291	281	277	276	263	256	226	257	256	256	223	220	220	235	232	216	231	222	186	187	185	187	152	173	182	183	206	206	176	175	168	168
Core deposit intangible amortization
427	437	448	458	55	55	56	77	77	80	80	203	165	175	213	288	288	300	300	300	301	226	227	330	331	330	330	421	420	421	421	546	547	548	545	95	94	94	95
Data processing
763	729	589	717	532	382	420	467	422	550	475	502	487	488	437	459	444	414	366	483	462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Data processing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	361	345	348	356	305	310	277	-	-	-	-	-	-	-	-	-	-
Software
356	363	287	321	324	313	307	354	305	291	303	271	279	271	301	274	297	308	290	277	283	274	248	235	262	264	198	249	212	-	-	-	-	-	-	-	-	-	-
Other real estate owned, net
-9	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned, net
-	-	47	-44	-	21	46	25	30	130	62	68	43	51	105	76	104	39	-126	133	53	92	141	-9	16	842	245	193	243	98	412	171	-153	-	-32	456	-	-	-
Foreclosed real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22	5	-281
Merger related expenses
-	460	0	10,871	451	872	0	0	0	-	-	-	-	-	-	-	-	50	87	1,502	359	512	268	0	0	-	0	-	-	-30	0	-202	251	73	390	835	309	0	0
Other
2,550	3,062	3,075	3,508	2,161	2,418	2,260	2,350	2,141	2,229	2,105	2,328	2,032	2,615	1,752	1,965	1,913	1,796	1,764	2,089	1,775	1,939	1,763	1,673	1,631	2,138	1,628	1,667	1,564	772	2,148	2,267	2,712	1,567	2,038	1,403	1,249	1,179	1,204
Total noninterest expense
13,334	15,037	13,792	26,316	10,929	11,638	10,904	11,002	10,702	11,021	10,710	10,711	10,441	10,360	9,867	9,656	9,918	9,466	9,388	11,642	10,047	8,943	8,827	8,365	8,423	9,904	8,455	8,428	8,318	9,003	8,880	8,833	9,927	8,629	8,564	7,028	5,779	5,531	5,874
Income Before Income Taxes
10,127	8,815	11,013	-1,635	7,574	6,378	7,250	7,379	7,218	7,220	6,992	6,199	5,664	5,957	5,617	5,821	5,913	6,546	5,728	3,898	4,887	4,054	4,614	4,536	4,739	4,205	5,805	5,951	5,840	5,526	4,977	6,050	5,746	6,846	5,952	1,223	2,460	3,034	2,742
Income Taxes
1,585	1,374	2,321	-405	1,571	1,376	1,465	1,399	1,406	5,100	2,205	1,920	1,601	1,835	1,654	1,733	1,785	1,939	1,691	1,018	1,372	1,164	1,446	1,303	1,289	1,062	1,562	1,741	1,689	1,608	1,338	1,776	1,571	2,194	1,823	211	682	806	728
Net Income
8,542	7,441	8,692	-1,230	6,003	5,002	5,785	5,980	5,812	2,120	4,787	4,279	4,063	4,122	3,963	4,088	4,128	4,607	4,037	2,880	3,515	2,890	3,168	3,233	3,450	3,143	4,243	4,210	4,151	3,918	3,639	4,274	4,175	4,652	4,129	1,012	1,778	2,228	2,014
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-	-	0	-
Net Income Per Common Share:
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,078	-	-	2,228	-
Basic (in dollars per share)
0.77	0.63	0.78	-0.11	0.69	0.58	0.66	0.69	0.67	0.24	0.55	0.50	0.47	0.48	0.46	0.47	0.48	0.53	0.47	0.33	0.40	0.37	0.40	0.41	0.44	0.39	0.54	0.54	0.53	0.50	0.46	0.55	0.53	0.67	0.52	0.16	0.29	0.36	0.33
Diluted (in dollars per share)
0.77	0.62	0.78	-0.11	0.69	0.57	0.66	0.69	0.67	0.25	0.55	0.49	0.47	0.48	0.46	0.47	0.48	0.53	0.47	0.33	0.40	0.37	0.40	0.41	0.44	0.40	0.54	0.53	0.53	0.51	0.46	0.54	0.53	0.67	0.52	0.16	0.29	0.36	0.33
Weighted Average Common Shares Outstanding:
Basic (in shares)
11,025	11,126	11,127	11,126	8,745	8,717	8,712	8,692	8,669	8,648	8,644	8,640	8,633	8,615	8,608	8,610	8,611	8,622	8,668	8,707	8,723	7,850	7,841	7,872	7,904	7,884	7,877	7,867	7,861	7,844	7,838	7,832	7,822	-6,129,626	7,800	6,154	6,143,602	6,125	6,123
Diluted (in shares)
11,031	11,154	11,138	11,126	8,745	8,722	8,718	8,704	8,687	8,668	8,663	8,659	8,651	8,629	8,618	8,619	8,617	8,628	8,676	8,715	8,732	7,861	7,851	7,879	7,917	7,897	7,892	7,876	7,871	7,844	7,855	7,849	7,833	-6,138,746	7,806	6,161	6,152,738	6,131	6,129
Fiduciary and Trust [Member]
Noninterest Income
1,012	-	-	-	914	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account [Member]
Noninterest Income
721	-	-	-	594	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Noninterest Income
941	-	-	-	708	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking [Member]
Noninterest Income
549	-	-	-	406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-