Access national corp (ANCX)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST AND DIVIDEND INCOME
Interest and fees on loans

25,687

24,143

23,411

24,321

24,306

23,746

12,199

11,762

11,647

11,354

10,876

10,396

10,254

9,971

9,434

9,256

9,133

8,854

8,459

8,372

8,262

8,611

8,596

8,699

8,632

8,369

8,671

8,640

8,354

7,932

7,882

8,190

7,977

Interest on federal funds sold and bank balances

578

437

517

-

394

221

131

-

98

96

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and dividends on securities

3,047

2,642

2,680

-

2,992

3,172

1,224

-

1,033

886

1,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

-

-

-

34

34

34

27

30

27

27

18

32

22

28

25

17

12

19

31

46

25

17

55

58

-

Interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

Securities

-

-

-

-

-

-

-

-

-

-

-

1,017

868

782

815

853

755

621

468

489

457

447

535

475

528

614

649

506

497

580

633

583

604

Total interest and dividend income

29,312

27,222

26,608

27,095

27,692

27,139

13,554

12,920

12,778

12,336

11,981

11,447

11,156

10,787

10,276

10,139

9,915

9,502

8,945

8,893

8,741

9,086

9,156

9,191

9,172

9,002

9,351

9,192

8,876

8,529

8,570

8,831

8,658

INTEREST EXPENSE
Interest on deposits

3,902

3,017

2,798

2,714

2,639

2,419

1,502

1,377

1,349

1,274

1,150

1,058

990

867

733

709

757

787

728

720

799

966

1,001

1,017

1,089

1,150

1,273

1,279

1,235

1,179

1,511

1,888

2,049

Interest on other borrowings

1,345

1,190

565

-

459

545

362

-

286

301

281

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

33

37

83

99

95

74

52

71

61

34

15

13

36

20

33

112

313

328

396

377

155

195

Long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

155

32

30

2

0

0

0

0

-

-

-

-

112

28

31

41

48

54

55

62

372

374

Subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3

53

53

54

56

56

57

55

53

52

53

57

53

Total interest expense

5,247

4,207

3,363

3,182

3,098

2,964

1,864

1,663

1,635

1,575

1,431

1,246

1,059

980

834

804

831

839

799

781

830

1,034

1,067

1,219

1,193

1,270

1,483

1,695

1,670

1,682

2,003

2,472

2,671

Net interest income

24,065

23,015

23,245

23,913

24,594

24,175

11,690

11,257

11,143

10,761

10,550

10,201

10,097

9,807

9,442

9,335

9,084

8,663

8,146

8,112

7,911

8,052

8,089

7,972

7,979

7,732

7,868

7,497

7,206

6,847

6,567

6,359

5,987

Provision for loan losses

700

652

750

-

900

900

1,400

-

750

120

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

0

0

150

0

0

0

0

0

0

450

0

225

175

150

472

718

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-715

2

-223

-575

-548

Net interest income after provision for loan losses

23,365

22,363

22,495

20,194

23,694

23,275

10,290

10,007

10,393

10,641

10,550

10,201

10,097

9,657

9,442

9,335

9,084

8,663

8,146

8,112

7,461

8,052

7,864

7,797

7,829

7,260

7,150

7,284

6,491

6,849

6,344

5,784

5,439

NONINTEREST INCOME
Service charges and fees

485

-

-

-

560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

494

477

-

-

669

280

223

249

239

260

252

236

218

197

170

167

181

177

196

188

138

169

179

150

160

177

174

178

168

173

164

166

Gain on sale of loans

4,465

4,196

2,792

5,095

5,594

6,046

3,345

5,745

8,316

7,273

3,830

4,523

5,834

5,705

3,571

4,832

4,799

3,787

1,728

2,929

3,179

7,120

7,881

12,588

17,479

14,738

10,944

10,626

11,821

7,382

5,516

10,457

8,398

Other income

2,494

4,400

4,126

-

2,369

2,170

2,378

-

120

1,661

2,729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage broker fee income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

29

18

11

16

20

7

17

41

233

336

430

394

Other income

-

-

-

-

-

-

-

-

-

-

-

1,492

342

1,158

2,537

513

247

1,348

1,351

1,142

1,696

736

2,776

3,458

-4,920

-1,186

973

971

-1,338

317

-186

-641

-1,681

Total noninterest income

7,444

9,090

7,395

8,681

8,523

8,885

6,003

7,126

8,685

9,173

6,819

6,267

6,412

7,081

6,305

-

5,213

5,316

-

4,204

5,079

8,023

10,844

16,236

12,725

13,732

12,101

11,788

10,702

8,100

5,839

10,410

7,277

Total noninterest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NONINTEREST EXPENSE
Salaries and benefits

11,113

12,529

11,728

12,115

11,100

12,660

8,040

7,495

8,208

8,407

7,668

6,547

6,703

6,999

6,717

5,955

5,860

5,952

4,887

4,749

5,672

6,799

8,069

7,655

8,017

7,474

8,335

7,195

6,950

5,877

5,393

5,979

5,364

Occupancy and equipment

2,000

1,640

2,241

-2,245

3,019

1,981

820

-593

768

749

761

-653

751

742

754

-480

715

660

707

-301

641

616

704

-221

711

579

651

170

639

678

665

613

646

Other operating expenses

5,853

6,257

6,005

6,681

8,674

11,585

3,335

3,928

3,193

3,147

2,700

3,147

3,025

2,913

2,775

2,761

108

2,606

2,068

2,006

2,324

3,118

3,882

5,724

5,336

6,358

4,778

5,770

4,785

4,248

2,573

5,677

4,032

Total noninterest expense

18,966

20,426

19,974

19,854

22,793

26,226

12,195

12,189

12,169

12,303

11,129

10,487

10,479

10,654

10,246

9,455

6,683

9,218

7,662

7,373

8,637

10,533

12,655

14,160

14,064

14,411

13,764

13,914

12,374

10,803

8,631

12,269

10,042

Income before income taxes

11,843

11,027

9,916

-

9,424

5,934

4,098

-

6,909

7,511

6,240

-

6,030

6,084

5,501

5,395

7,614

4,761

3,740

4,943

3,903

5,542

6,053

9,873

6,490

6,581

5,487

5,158

4,819

4,146

3,552

3,925

2,674

Income tax expense

2,233

2,065

1,830

5,976

2,422

2,088

1,491

1,938

2,484

2,633

2,145

2,063

2,086

2,100

1,928

1,880

2,682

1,697

1,326

1,749

1,098

2,018

2,369

3,609

2,358

2,691

2,050

1,841

1,706

1,475

1,265

1,489

996

NET INCOME

9,610

8,962

8,086

-

7,002

3,846

2,607

-

4,425

4,878

4,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

-

3,918

3,944

3,984

3,573

3,515

4,932

3,064

2,414

3,194

2,805

3,524

3,684

6,264

4,132

3,890

3,437

3,317

3,113

2,671

2,287

2,436

1,678

Earnings per common share:
Basic (in dollars per share)

0.46

0.43

0.39

0.15

0.34

0.19

0.24

0.28

0.42

0.46

0.39

0.37

0.37

0.38

0.34

0.34

0.47

0.29

0.23

0.31

0.27

0.34

0.36

0.61

0.40

0.38

0.34

0.33

0.30

0.26

0.22

0.23

0.16

Diluted (in dollars per share)

0.46

0.43

0.39

0.15

0.34

0.19

0.24

0.28

0.41

0.46

0.39

0.37

0.37

0.38

0.34

0.34

0.47

0.29

0.23

0.31

0.27

0.34

0.35

0.60

0.40

0.38

0.33

0.32

0.30

0.26

0.22

0.23

0.16

Average outstanding shares:
Basic (in shares)

20,847

20,736

20,619

20,485

20,409

20,335

10,724

10,620

10,595

10,576

10,553

10,539

10,519

10,518

10,473

10,453

10,440

10,411

10,391

10,343

10,306

10,306

10,322

10,305

10,271

10,237

10,200

10,199

10,227

10,324

10,359

10,474

10,573

Diluted (in shares)

20,925

20,822

20,715

20,485

20,508

20,453

10,857

10,775

10,689

10,639

10,606

10,625

10,593

10,590

10,517

10,489

10,476

10,454

10,447

10,406

10,389

10,379

10,437

10,400

10,389

10,350

10,312

10,279

10,301

10,391

10,404

10,495

10,592