Bridge bancorp, inc. (BDGE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans (including fee income)

158,228

144,380

126,420

116,723

88,760

57,628

45,250

40,255

35,434

30,223

29,167

Mortgage-backed securities, CMOs and other asset-backed securities

16,182

16,591

15,231

13,483

11,173

10,644

6,956

7,391

9,000

9,585

11,074

U.S. GSE securities

465

837

1,198

1,294

1,630

2,716

2,982

2,977

2,220

2,054

814

State and municipal obligations

2,234

2,812

3,788

3,777

3,198

2,735

2,638

3,126

2,876

2,704

2,201

Corporate bonds

1,200

1,422

1,233

1,124

840

749

399

574

705

231

-

Federal funds sold

-

-

-

-

-

-

-

-

-

5

33

Deposits with banks

1,697

1,076

278

147

47

32

28

78

123

54

13

Other interest and dividend income

1,535

1,866

1,701

1,168

592

406

177

113

68

43

66

Total interest income

181,541

168,984

149,849

137,716

106,240

74,910

58,430

54,514

50,426

44,899

43,368

Interest expense:
Savings, NOW and money market deposits

23,687

15,928

7,858

5,250

4,002

3,223

3,543

3,738

3,936

3,594

3,698

Certificates of deposit of $100,000 or more

4,270

3,007

1,843

932

929

767

1,079

1,453

1,264

1,489

2,154

Other time deposits

1,502

1,801

725

684

673

426

340

416

507

762

1,371

Federal funds purchased and repurchase agreements

767

1,200

1,571

1,075

474

588

505

461

543

530

401

FHLB advances

4,573

5,729

6,105

3,001

1,425

1,091

440

122

-

-

1

Subordinated debentures

4,539

4,539

4,539

4,539

1,261

-

-

-

-

-

-

Junior subordinated debentures

-

-

48

1,364

1,365

1,365

1,365

1,365

1,366

1,365

190

Total interest expense

39,338

32,204

22,689

16,845

10,129

7,460

7,272

7,555

7,616

7,740

7,815

Net interest income

142,203

136,780

127,160

120,871

96,111

67,450

51,158

46,959

42,810

37,159

35,553

Provision for credit losses

5,700

1,800

14,050

5,550

4,000

2,200

2,350

5,000

3,900

3,500

4,150

Net interest income after provision for credit losses

136,503

134,980

113,110

115,321

92,111

65,250

48,808

41,959

38,910

33,659

31,403

Non-interest income:
Service charges and other fees

10,059

9,853

8,996

8,407

7,054

3,206

3,174

3,313

3,137

2,756

2,997

Net securities losses

200

-7,921

38

449

-8

-1,090

659

2,647

135

1,303

529

Fees for other customer services

-

-

-

-

-

2,835

2,613

2,958

2,553

2,163

1,678

Title fees

1,720

1,797

2,394

1,833

1,866

1,662

1,687

1,635

1,016

1,103

903

Gain on sale of Small Business Administration ("SBA") loans

1,984

2,078

1,689

1,097

507

-

-

-

-

-

-

Bank owned life insurance

2,230

2,219

2,250

1,929

1,225

-

-

-

-

-

-

Loan swap fees

7,460

716

1,008

-

-

-

-

-

-

-

-

Other

1,733

2,826

1,727

2,331

2,024

1,553

758

120

108

108

67

Total non-interest income

25,387

11,568

18,102

16,046

12,668

8,166

8,891

10,673

6,949

7,433

6,174

Non-interest expense:
Salaries and employee benefits

56,244

50,458

46,560

41,557

33,871

26,011

21,532

20,705

18,036

15,978

14,084

Occupancy and equipment

14,372

13,245

13,998

12,798

11,045

7,712

5,374

4,046

3,920

3,975

2,337

Technology and communications

7,905

6,465

5,753

4,897

3,599

3,175

2,594

2,116

1,835

555

486

Marketing and advertising

4,740

4,597

4,742

4,048

3,125

2,430

1,864

1,590

1,290

1,105

-

Professional services

3,797

4,004

3,153

3,646

2,327

1,537

1,340

1,047

1,224

1,158

-

Furniture and fixture expense

-

-

-

-

-

-

-

-

-

-

1,007

Advertising

-

-

-

-

-

-

-

-

-

-

457

FDIC assessments

608

1,665

1,310

1,635

1,593

1,265

924

754

825

1,274

1,574

Net fraud loss

-

8,900

-

-

-

-

-

-

-

-

-

Office relocation costs

-

750

-

-

-

-

-

-

-

-

-

Restructuring Costs

-

-

8,020

-

-

-

-

-

-

-

-

Reversal of accrued acquisition costs

-

-

-

920

-

-

-

-

-

-

-

Acquisition costs and branch restructuring

-

-

-

-

9,766

5,504

499

-

793

-

-

Amortization of other intangible assets

787

917

1,047

2,637

1,447

300

59

67

42

-

-

Cost of extinguishment of debt

-

-

-

-

-

-

-

-158

-

-

-

Other

7,686

7,179

7,144

6,783

6,117

4,480

3,751

3,297

2,872

3,834

4,820

Total non-interest expense

96,139

98,180

91,727

77,081

72,890

52,414

37,937

33,780

30,837

27,879

24,765

Income before income taxes

65,751

48,368

39,485

54,286

31,889

21,002

19,762

18,852

15,022

13,213

12,812

Income tax expense

14,060

9,141

18,946

18,795

10,778

7,239

6,669

6,080

4,663

4,047

4,049

Net income

51,691

39,227

20,539

35,491

21,111

13,763

13,093

12,772

10,359

9,166

8,763

Basic earnings per share (in dollars per share)

2.59

1.97

1.04

2.01

1.43

1.18

1.36

1.48

1.54

1.45

1.41

Diluted earnings per share (in dollars per share)

2.59

1.97

1.04

2.00

1.43

1.18

1.36

1.48

1.54

1.45

1.41

Comprehensive income

-

-

-

-

-

-

-

-

-

-

10,434