Bancorp 34, inc. (BCTF)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Interest income
Interest and fees on loans

4,621

4,529

4,392

4,414

4,153

4,039

4,137

3,793

3,876

3,996

3,972

3,814

3,438

3,454

3,333

3,217

2,918

2,925

Interest on securities

287

275

242

230

223

186

172

147

148

124

128

144

130

117

113

121

120

106

Interest on other interest-earning assets

73

103

131

128

121

116

103

73

68

72

42

46

53

-

-

-

-

-

Total interest income

4,981

4,908

4,766

4,772

4,499

4,342

4,414

4,014

4,092

4,193

4,143

4,005

3,622

-

-

-

-

-

Interest on other interest-earning assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

-

-

-

Interest on other interest-earning assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

16

22

7

Total interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,471

3,355

3,060

3,040

Interest expense
Interest on deposits

985

1,026

999

912

861

788

635

512

493

482

423

390

376

377

368

364

364

339

Interest on borrowings

190

234

242

265

278

169

258

165

149

166

187

142

103

109

73

13

10

19

Total interest expense

1,175

1,261

1,241

1,177

1,139

957

894

678

643

648

610

533

479

487

442

378

375

358

Net interest income

3,806

3,647

3,524

3,594

3,359

3,384

3,520

3,335

3,449

3,544

3,532

3,471

3,143

3,125

3,029

2,977

2,685

2,681

Provision for loan losses

472

-150

0

85

87

225

0

71

22

25

150

150

250

-

155

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

52

125

Net interest income after provision for loan losses

3,334

3,797

3,524

3,509

3,272

3,159

3,520

3,264

3,427

3,519

3,382

3,321

2,893

2,412

2,874

2,878

2,633

2,556

Noninterest income
Gain on sale of loans

-

14

199

31

26

6

-3,245

15

3,353

3,383

3,557

2,544

1,964

3,161

3,241

2,595

1,688

1,180

Service charges and fees

121

40

150

114

56

93

94

94

84

89

102

89

85

-

-

-

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

79

89

93

99

77

Loss on sale and impairments of other real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-93

-

-205

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

Bank owned life insurance

90

92

93

92

91

92

93

91

88

81

43

43

42

43

43

43

43

33

Other

47

-17

11

9

11

5

6

2

24

10

18

16

6

-14

17

23

53

30

Total noninterest income

259

129

455

248

186

-3,047

194

203

3,550

3,389

3,723

2,693

2,100

3,270

3,396

2,663

1,883

1,135

Noninterest expense
Salaries and benefits

1,759

1,613

1,773

1,644

1,587

-1,221

1,635

1,486

4,229

3,863

3,702

3,550

3,299

3,674

3,636

3,248

2,581

2,059

Occupancy

368

371

389

349

351

205

363

351

505

493

538

486

423

-

-

-

-

-

Occupancy

-

-

-

-

-

-

-

-

-

-

-

-

-

440

469

453

451

367

Data processing fees

461

497

602

507

484

90

383

367

723

578

574

584

607

521

537

607

358

446

FDIC and other insurance expense

51

-

-17

-

85

-

48

-

-

-

-

-

-

-

-

-

-

-

FDIC and other insurance expense

-

-

-

60

-

-

-

51

50

46

50

32

56

68

66

25

71

66

Professional fees

291

184

221

227

182

128

245

216

354

423

311

303

377

317

356

337

402

200

Merger-related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Advertising

60

58

98

38

66

-50

33

31

156

103

107

101

141

129

65

62

52

68

Net other real estate expenses

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

2

0

Other

201

320

276

269

195

191

298

295

492

515

521

468

430

524

527

319

575

354

Total noninterest expense

3,195

3,098

3,343

3,096

2,952

-600

3,010

2,800

6,512

6,023

5,806

5,528

5,336

5,676

5,659

5,055

4,496

3,563

Income from continuing operations before provision for income taxes

398

828

636

661

505

712

703

667

465

885

1,298

487

-343

6

610

485

20

128

Provision for income taxes

120

214

184

148

118

257

159

162

95

1,477

487

149

-145

-4,213

27

0

15

0

Net income from continuing operations

278

613

452

512

387

-

543

505

-

-

-

-

-

-

-

-

-

-

Discontinued operations
Loss from discontinued operations

-

-92

0

-1,132

-458

-

-537

-168

-

-

-

-

-

-

-

-

-

-

Benefit for income taxes

-

-35

0

-279

-112

-

-135

-42

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations

-

-57

0

-852

-345

-

-401

-125

-

-

-

-

-

-

-

-

-

-

NET INCOME

278

556

452

-339

41

181

142

379

370

-591

811

338

-197

4,219

583

485

5

128

Other comprehensive income
Unrealized gain on available-for-sale securities

1,099

-269

224

634

353

450

-183

-143

-347

-

52

57

-

-

-

-

-

-

Tax effect of unrealized gain on available-for-sale securities

279

-51

39

161

90

114

-46

-36

-88

-

20

21

-

-

-

-

-

-

Unrealized gain on available-for-sale securities, net of tax

819

-218

185

472

263

336

-136

-106

-258

12

32

35

8

-367

-85

80

225

127

COMPREHENSIVE INCOME

1,097

337

637

132

305

517

5

272

112

-579

844

373

-189

3,852

497

566

231

256

Earnings per common share - Basic
Earnings per common share - continuing operations (in dollars per share)

0.09

0.21

0.15

0.16

0.12

-

0.17

0.16

-

-

-

-

-

-

-

-

-

-

Loss per common share - discontinued operations (in dollars per share)

-

-0.03

0.00

-0.27

-0.11

-

-0.13

-0.04

-

-

-

-

-

-

-

-

-

-

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

0.09

0.18

0.15

-0.11

0.01

0.06

0.04

0.12

0.11

-0.18

0.25

0.10

-0.06

1.26

0.17

0.14

0.00

0.08

Earnings per common share - Diluted
Earnings per common share - continuing operations (in dollars per share)

0.09

0.21

0.15

0.16

0.12

-

0.17

0.16

-

-

-

-

-

-

-

-

-

-

Loss per common share - discontinued operations (in dollars per share)

-

-0.03

0.00

-0.27

-0.11

-

-0.13

-0.04

-

-

-

-

-

-

-

-

-

-

Earnings per common share - Diluted (in dollars per share)

0.09

0.18

0.15

-0.11

0.01

0.06

0.04

0.12

0.11

-0.18

0.25

0.10

-0.06

1.26

0.17

0.14

0.00

0.08