Bridge bancorp, inc. (BDGE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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 income:
Loans (including fee income)

39,763

39,733

41,005

39,878

37,612

36,800

36,197

35,770

35,613

34,214

32,571

30,252

29,383

29,595

29,951

29,228

27,949

26,375

27,424

18,471

16,490

15,251

14,995

14,068

13,314

11,817

11,583

11,182

10,668

10,502

10,467

9,764

9,522

9,360

9,555

8,564

7,955

7,660

7,306

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

3,040

3,175

3,775

4,443

4,789

4,672

4,370

3,825

3,724

3,739

3,777

3,898

3,817

3,146

2,840

3,648

3,849

3,296

2,842

2,468

2,567

2,717

2,687

2,949

2,291

2,248

1,796

1,469

1,443

1,598

1,710

2,064

2,019

2,018

2,281

2,385

2,316

2,350

2,378

U.S. GSE securities

337

51

56

166

192

157

158

243

279

297

300

301

300

300

342

296

356

486

358

381

405

588

623

698

807

783

749

659

791

645

747

813

772

694

712

433

381

574

558

State and municipal obligations

513

523

507

577

627

639

614

747

812

820

963

1,010

995

978

962

943

894

889

816

747

746

730

613

691

701

662

650

646

680

933

579

831

783

752

697

706

721

709

692

Corporate bonds

300

249

296

319

336

353

356

358

355

355

295

293

290

286

282

279

277

260

211

184

185

189

195

211

154

98

100

100

101

101

153

160

160

155

177

186

187

46

-

Deposits with banks

267

212

342

599

544

443

437

106

90

70

91

71

46

32

43

35

37

20

9

11

7

9

8

7

8

8

7

8

5

8

28

18

24

32

32

41

18

24

11

Other interest and dividend income

382

377

373

370

415

416

457

502

491

465

441

409

386

278

341

304

245

283

84

118

107

119

98

106

83

62

28

44

43

45

23

27

18

15

17

18

18

14

12

Total interest income

44,602

44,320

46,354

46,352

44,515

43,480

42,589

41,551

41,364

39,960

38,438

36,234

35,217

34,615

34,761

34,733

33,607

31,609

31,744

22,380

20,507

19,603

19,219

18,730

17,358

15,678

14,913

14,108

13,731

13,832

13,707

13,677

13,298

13,026

13,471

12,333

11,596

11,377

10,957

Interest expense:
Savings, NOW and money market deposits

4,255

4,505

5,816

6,997

6,369

5,392

4,584

3,438

2,514

2,334

2,161

1,812

1,551

1,362

1,321

1,289

1,278

1,175

1,222

832

773

777

808

801

837

895

905

859

884

909

952

931

946

959

986

1,025

966

919

906

Certificates of deposit of $100,000 or more

1,036

1,069

1,139

1,079

983

981

927

582

517

537

496

431

379

374

227

116

215

242

280

217

190

180

203

209

175

152

257

341

329

340

360

367

386

422

354

245

243

279

325

Other time deposits

415

352

300

288

562

577

536

493

195

173

195

179

178

177

190

123

194

196

234

131

112

99

111

121

95

83

86

86

85

92

101

109

114

122

132

126

127

262

290

Federal funds purchased and repurchase agreements

78

494

70

158

45

15

13

566

606

498

402

355

316

296

301

293

185

154

82

92

146

170

149

140

129

127

123

131

124

138

97

115

111

138

136

135

134

136

141

FHLB advances

1,033

1,118

1,179

1,178

1,098

1,282

1,181

1,408

1,858

1,723

1,704

1,529

1,149

768

562

844

827

462

374

339

250

299

245

302

245

204

153

43

40

-

38

8

-

-

-

-

-

-

-

Subordinated debentures

1,135

1,134

1,135

1,135

1,135

1,135

1,134

1,135

1,135

1,134

1,135

1,135

1,135

1,135

1,134

1,135

1,135

-

126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Junior subordinated debentures

-

-

-

-

-

-

-

-

-

0

0

0

48

338

342

343

341

341

341

342

341

341

341

342

341

341

341

342

341

341

341

342

341

342

341

341

342

341

341

Total interest expense

7,952

8,672

9,639

10,835

10,192

9,382

8,375

7,622

6,825

6,399

6,093

5,441

4,756

4,450

4,077

4,143

4,175

3,705

2,659

1,953

1,812

1,866

1,857

1,915

1,822

1,802

1,865

1,802

1,803

1,896

1,889

1,872

1,898

1,983

1,949

1,872

1,812

1,937

2,003

Net interest income

36,650

35,648

36,715

35,517

34,323

34,098

34,214

33,929

34,539

33,561

32,345

30,793

30,461

30,165

30,684

30,590

29,432

27,904

29,085

20,427

18,695

17,737

17,362

16,815

15,536

13,876

13,048

12,306

11,928

11,936

11,818

11,805

11,400

11,043

11,522

10,461

9,784

9,440

8,954

Provision for credit losses

5,000

600

1,000

3,500

600

400

200

400

800

10,400

1,900

950

800

1,400

2,000

900

1,250

1,000

1,500

700

800

500

500

500

700

700

500

600

550

1,075

600

2,500

825

850

1,450

900

700

600

700

Net interest income after provision for credit losses

31,650

35,048

35,715

32,017

33,723

33,698

34,014

33,529

33,739

23,161

30,445

29,843

29,661

28,765

28,684

29,690

28,182

26,904

27,585

19,727

17,895

17,237

16,862

16,315

14,836

13,176

12,548

11,706

11,378

10,861

11,218

9,305

10,575

10,193

10,072

9,561

9,084

8,840

8,254

Non-interest income:
Service charges and other fees

2,500

2,487

2,588

2,556

2,428

2,579

2,549

2,562

2,163

2,334

2,392

2,220

2,050

2,889

2,354

2,091

1,073

4,361

977

863

853

764

765

878

799

750

777

846

801

821

827

856

809

795

776

833

733

721

782

Net securities losses

-15

-

-

201

-

-

-

-7,921

-

-

260

-

-

0

0

383

66

2

0

0

-10

29

9

-16

-1,112

0

11

310

338

468

186

1,721

272

-

-

135

-

-

412

Fees for other customer services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

919

-

963

788

598

754

806

709

566

127

925

908

653

779

854

720

605

737

761

575

480

693

503

Title fees

329

571

508

335

306

458

384

450

505

546

757

541

550

481

438

437

477

486

425

492

463

479

400

461

322

646

357

398

286

598

344

470

223

349

200

263

204

244

318

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

371

322

601

844

217

492

524

691

371

247

100

799

543

-

213

343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank owned life insurance

548

560

561

556

553

561

557

555

546

560

563

567

560

571

556

431

371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan swap fees

1,200

-

1,557

-

1,100

-

404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

253

-302

429

1,007

599

713

500

1,085

528

26

900

382

419

185

473

584

1,089

-821

1,561

384

900

484

582

260

227

736

-10

6

26

19

24

33

44

23

29

19

37

15

14

Total non-interest income

5,217

8,426

6,244

5,499

5,218

5,115

4,918

-2,578

4,113

4,499

4,972

4,509

4,122

3,748

4,034

4,269

3,995

3,411

3,926

2,527

2,804

2,510

2,562

2,292

802

2,259

2,060

2,468

2,104

2,685

2,235

3,800

1,953

1,904

1,766

1,825

1,454

1,673

2,029

Non-interest expense:
Salaries and employee benefits

15,549

15,011

14,294

13,659

13,280

12,457

12,134

13,055

12,812

11,506

11,962

11,592

11,500

10,074

10,330

10,616

10,537

8,815

9,976

7,557

7,523

6,737

6,656

6,412

6,206

5,520

5,292

5,326

5,394

5,121

5,211

5,262

5,111

4,647

4,815

4,399

4,175

4,111

3,978

Occupancy and equipment

3,499

3,791

3,490

3,560

3,531

3,472

3,325

3,205

3,243

3,647

3,514

3,439

3,398

3,359

3,256

3,259

2,924

3,356

3,229

2,257

2,203

2,167

1,997

1,933

1,615

1,358

1,407

1,418

1,191

1,092

1,005

963

986

1,617

798

743

762

666

737

Technology and communications

2,217

2,118

2,129

1,869

1,789

1,658

1,596

1,568

1,643

1,559

1,469

1,390

1,335

1,259

1,235

1,318

1,085

1,036

950

823

790

881

811

766

717

709

726

617

542

547

545

522

502

-

-

-

-

-

-

Marketing and advertising

823

1,011

1,282

1,424

1,023

1,121

1,274

1,240

962

1,000

1,254

1,577

911

1,043

1,039

1,209

757

832

870

850

573

634

726

649

421

394

589

533

348

403

433

495

259

-

-

-

-

-

-

Professional services

956

1,182

1,055

803

757

888

1,023

881

1,212

1,052

678

642

781

831

768

1,039

1,008

630

611

565

521

348

433

400

356

383

336

312

309

244

232

299

272

-

-

-

-

-

-

Furniture and fixture expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

304

308

306

243

298

FDIC assessments

1

-44

18

396

238

379

386

436

464

326

341

332

311

144

446

537

508

502

472

308

311

313

318

346

288

249

239

220

216

212

190

180

172

190

134

193

308

343

279

Net fraud loss

-

-

-

-

-

-

9,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs and branch restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-270

483

904

8,204

175

770

0

300

4,434

-

338

-

-

-

-

-

-

65

109

386

233

-

-

Amortization of other intangible assets

181

182

182

210

213

214

215

242

246

247

247

274

279

827

462

672

676

677

677

45

48

50

96

96

58

14

14

15

16

16

16

17

18

-

16

8

-

-

-

Cost of extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-158

-

-

-

-

-

-

Other

1,617

2,081

1,754

2,083

1,768

1,732

1,551

1,880

2,016

1,797

1,806

1,760

1,781

1,642

1,668

1,791

1,682

1,842

1,684

1,425

1,166

1,283

1,057

1,222

918

1,025

920

914

892

878

847

829

743

-2,147

1,648

1,747

1,624

1,694

1,707

Total non-interest expense

24,843

25,332

24,204

24,004

22,599

22,071

31,004

22,507

22,598

29,154

21,271

21,006

20,296

18,529

19,204

20,441

18,907

18,173

19,373

22,034

13,310

13,183

12,094

12,124

15,013

9,813

9,861

9,355

8,908

8,513

8,479

8,567

8,221

7,821

7,824

7,784

7,408

7,057

6,999

Income before income taxes

12,024

18,142

17,755

13,512

16,342

16,742

7,928

8,444

15,254

-1,494

14,146

13,346

13,487

13,984

13,514

13,518

13,270

12,142

12,138

220

7,389

6,564

7,330

6,483

625

5,622

4,747

4,819

4,574

5,033

4,974

4,538

4,307

4,276

4,014

3,602

3,130

3,456

3,284

Income tax expense

2,676

3,934

3,852

2,859

3,415

2,878

1,381

1,701

3,181

5,422

4,703

4,505

4,316

4,824

4,663

4,664

4,644

4,147

4,248

-243

2,626

2,396

2,459

2,165

219

2,017

1,624

1,567

1,461

1,623

1,614

1,475

1,368

1,326

1,241

1,126

970

1,074

1,035

Net income

9,348

14,208

13,903

10,653

12,927

13,864

6,547

6,743

12,073

-6,916

9,443

8,841

9,171

9,160

8,851

8,854

8,626

7,995

7,890

463

4,763

4,168

4,871

4,318

406

3,605

3,123

3,252

3,113

3,410

3,360

3,063

2,939

2,950

2,773

2,476

2,160

2,382

2,249

Basic earnings per share (in dollars per share)

0.47

0.71

0.70

0.53

0.65

0.69

0.33

0.34

0.61

-0.36

0.48

0.45

0.47

0.51

0.50

0.51

0.49

0.53

0.45

0.04

0.41

0.35

0.42

0.37

0.04

0.31

0.34

0.36

0.35

0.38

0.39

0.36

0.35

0.41

0.41

0.38

0.34

0.38

0.36

Diluted earnings per share (in dollars per share)

0.47

0.71

0.70

0.53

0.65

0.69

0.33

0.34

0.61

-0.36

0.48

0.45

0.47

0.51

0.50

0.50

0.49

0.53

0.45

0.04

0.41

0.35

0.42

0.37

0.04

0.31

0.34

0.36

0.35

0.38

0.39

0.36

0.35

0.41

0.41

0.38

0.34

0.38

0.36

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,498

3,071