Bar harbor bankshares (BHB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income
Loans

111,042

104,015

94,976

41,653

39,303

37,739

37,223

36,579

34,854

34,867

34,797

Securities and other

24,349

23,436

21,093

15,834

15,921

-

-

-

-

-

-

Total interest and dividend income

135,391

127,451

116,069

57,487

55,224

-

-

-

-

-

-

Interest on securities

-

-

-

-

-

15,689

13,457

14,173

16,006

16,274

19,570

Dividends on FHLB stock

-

-

-

-

-

290

69

86

47

0

0

Total interest and dividend income

-

-

-

-

-

53,718

50,749

50,838

50,907

51,141

54,367

Interest expense
Deposits

27,034

19,521

11,307

6,699

6,097

5,894

6,616

7,707

8,765

9,906

10,724

Borrowings

18,547

17,047

12,607

5,414

4,293

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

667

487

436

260

284

602

Long-term debt

-

-

-

-

-

3,344

4,560

5,724

7,493

9,242

9,760

Total interest expense

45,581

36,568

23,914

12,113

10,390

9,905

11,663

13,867

16,518

19,432

21,086

Net interest income

89,810

90,883

92,155

45,374

44,834

43,813

39,086

36,971

34,389

31,709

33,281

Provision for loan losses

2,317

2,780

2,788

979

1,785

1,833

1,418

1,652

2,395

2,327

3,207

Net interest income after provision for loan losses

87,493

88,103

89,367

44,395

43,049

41,980

37,668

35,319

-

-

-

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

31,994

29,382

30,074

Non-interest income
Trust and investment management fee income

12,063

11,985

12,270

3,829

-

-

-

-

-

-

-

Trust and investment management fee income

-

-

-

-

3,888

3,976

3,634

3,278

3,061

2,984

2,444

Insurance brokerage service income

0

0

1,097

0

0

-

-

-

-

-

-

Customer service fees

10,127

9,538

8,484

2,648

-

-

-

-

-

-

-

Gain on sales of securities, net

237

-924

19

4,498

-

-

-

-

-

-

-

Customer service fees

-

-

-

-

2,586

971

1,009

1,196

1,284

1,359

1,412

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

490

Debit card service charges and fees

-

-

-

-

-

1,584

1,572

1,462

1,277

1,160

1,004

Gain on sales of securities, net

-

-

-

-

1,334

403

676

1,938

2,689

2,127

1,521

Bank-owned life insurance income

2,053

1,821

1,539

703

606

-

-

-

-

-

-

Customer derivative income

2,028

860

0

-

-

-

-

-

-

-

-

Other income

2,561

4,655

2,573

671

565

-

-

-

-

-

-

Total other-than-temporary impairment ("OTTI") losses

-

-

-

-

-

-

359

1,170

2,796

898

2,773

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

110

-

-

-

-

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

-

317

577

-

-

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

-

-

-

-

-1,319

Net OTTI losses recognized in earnings

-

-

-

-

-

-

249

853

2,219

898

1,454

Other operating income

-

-

-

-

-

824

924

688

700

726

605

Total non-interest income

29,069

27,935

25,982

12,349

8,979

7,758

7,566

7,709

6,792

7,458

6,022

Non-interest expense
Salaries and employee benefits

45,000

40,964

39,589

19,775

17,884

16,836

15,227

14,027

12,814

12,193

11,594

Occupancy and equipment

14,214

12,386

11,061

4,610

4,569

2,143

1,968

1,682

1,514

1,357

1,329

Loss on premises and equipment, net

-18

0

-94

-248

-7

-

-

-

-

-

-

Furniture and equipment expense

-

-

-

-

-

2,166

2,005

1,778

1,660

1,602

1,378

Credit and debit card expenses

-

-

-

-

-

429

384

367

310

295

332

FDIC insurance assessments

-

-

-

-

-

699

696

853

1,099

1,066

1,420

Outside services

1,818

2,408

3,000

767

359

-

-

-

-

-

-

Professional services

2,191

1,474

1,655

1,489

1,485

-

-

-

-

-

-

Communication

821

804

1,289

586

388

-

-

-

-

-

-

Marketing

1,872

1,743

945

-

-

-

-

-

-

-

-

Amortization of intangible assets

861

828

812

92

92

-

-

-

-

-

-

Loss on debt extinguishment

-1,096

0

0

-

-

-

-

-

-

-

-

Acquisition, restructuring and other expenses

8,317

1,728

3,302

2,650

54

-

-

-

-

-

-

Other expenses

13,525

13,204

10,979

5,718

6,070

6,938

6,580

6,911

5,884

5,533

5,701

Total non-interest expense

89,733

75,539

72,726

35,935

30,908

29,211

26,860

25,618

23,281

22,046

21,754

Income before income taxes

26,829

40,499

42,623

20,809

21,120

20,527

18,374

17,410

15,505

14,794

14,342

Income tax expense

4,209

7,562

16,630

5,876

5,967

5,914

5,191

4,944

4,462

4,132

3,992

Net income

22,620

32,937

25,993

14,933

15,153

14,613

13,183

12,466

11,043

10,662

10,350

Earnings per share:
Preferred stock dividends and accretion of discount

-

-

-

-

-

-

-

-

-

653

1,034

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

10,009

9,316

Basic (in dollars per share)

1.46

2.13

1.71

1.65

1.69

2.47

2.24

2.13

2.86

2.65

3.19

Diluted (in dollars per share)

1.45

2.12

1.70

1.63

1.67

2.45

2.22

2.12

2.85

2.61

3.12

Weighted average common shares outstanding:
Basic (in shares)

15,540

15,487

15,183

9,068

8,970

-

5,898

5,851

3,860

3,782

2,916

Effect of dilutive shares issuable

-

-

-

-

-

-

30

27

18

45

57

Effect of dilutive warrants

-

-

-

-

-

-

-

-

-

-

9

Diluted (in shares)

15,587

15,564

15,290

9,143

9,090

-

5,928

5,879

3,878

3,828

2,983