Bar harbor bankshares (BHB)
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 and dividend income
Loans

27,987

28,361

28,157

27,660

26,864

26,743

26,212

25,934

25,126

24,895

24,661

24,226

21,194

11,026

10,295

10,249

10,083

9,854

10,127

9,645

9,677

9,454

10,016

9,205

9,064

9,232

9,404

9,406

9,181

9,424

9,422

8,855

8,878

8,767

8,783

8,823

8,481

8,781

8,805

Securities and other

5,507

5,756

6,105

6,125

6,363

6,029

5,972

5,784

5,651

5,261

5,402

5,439

4,991

3,820

3,828

4,105

4,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest and dividend income

33,494

34,117

34,262

33,785

33,227

32,772

32,184

31,718

30,777

30,156

30,063

29,665

26,185

14,846

14,123

14,354

14,164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,008

3,732

3,762

3,985

3,719

4,077

3,908

3,827

3,412

3,056

3,162

3,510

3,432

3,542

3,689

3,814

3,926

4,081

4,185

4,098

3,800

Dividends on FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191

95

94

81

71

69

69

17

18

12

22

23

22

21

20

12

11

12

12

0

0

Total interest and dividend income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,326

13,472

13,533

13,520

13,806

13,351

13,041

13,076

12,834

12,474

12,365

12,957

12,876

12,418

12,587

12,593

12,720

12,916

12,678

12,879

12,605

Interest expense
Deposits

6,020

6,698

7,143

6,886

6,307

5,653

5,478

4,405

3,985

3,381

3,177

2,539

2,210

1,768

1,755

1,599

1,577

1,588

1,596

1,460

1,453

1,518

1,477

1,462

1,437

1,619

1,626

1,669

1,702

1,912

1,941

1,899

1,955

2,159

2,202

2,190

2,214

2,499

2,473

Borrowings

2,911

3,315

4,674

5,403

5,155

4,855

4,237

4,321

3,634

3,279

3,408

3,317

2,603

1,421

1,369

1,373

1,251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

233

253

239

190

197

156

124

128

127

104

128

117

105

119

95

-40

55

167

78

72

66

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

801

873

843

799

755

869

921

984

1,112

1,218

1,246

1,341

1,416

1,447

1,520

1,747

1,759

1,935

2,052

2,362

2,271

Total interest expense

8,931

10,013

11,817

12,289

11,462

10,508

9,715

8,726

7,619

6,660

6,585

5,856

4,813

3,189

3,124

2,972

2,828

2,639

2,630

2,586

2,535

2,507

2,429

2,487

2,482

2,731

2,865

2,991

3,076

3,370

3,462

3,465

3,570

3,866

4,016

4,292

4,344

4,933

4,810

Net interest income

24,563

24,104

22,445

21,496

21,765

22,264

22,469

22,992

23,158

23,496

23,478

23,809

21,372

11,657

10,999

11,382

11,336

11,254

11,696

10,886

10,998

11,013

11,377

10,864

10,559

10,345

9,969

9,483

9,289

9,587

9,414

8,953

9,017

8,727

8,704

8,624

8,334

7,946

7,795

Provision for loan losses

1,111

538

893

562

324

572

643

770

795

597

660

736

795

225

139

150

465

465

425

400

495

457

491

428

457

490

170

405

353

350

427

460

415

545

750

600

500

450

550

Net interest income after provision for loan losses

23,452

23,566

21,552

20,934

21,441

21,692

21,826

22,222

22,363

22,899

22,818

23,073

20,577

11,432

10,860

11,232

10,871

10,789

11,271

10,486

10,503

10,556

10,886

10,436

10,102

-

9,799

9,078

-

-

-

-

-

-

-

-

-

-

-

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,936

-

8,987

8,493

8,602

8,182

7,954

8,024

7,834

7,496

7,245

Non-interest income
Trust and investment management fee income

3,369

3,227

3,013

3,066

2,757

2,949

2,952

3,122

2,962

-

3,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust and investment management fee income

-

-

-

-

-

-

-

-

-

-

-

3,324

2,864

-

975

955

948

1,001

957

985

945

948

954

1,102

972

977

900

851

906

810

850

839

779

800

746

736

779

800

696

Insurance brokerage service income

-

-

-

-

-

-

-

-

-

77

329

327

364

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer service fees

3,112

2,791

2,553

2,618

2,165

2,477

2,490

2,347

2,224

-

2,638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities, net

135

-

157

-

0

-

0

-

-

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer service fees

-

-

-

-

-

-

-

-

-

-

-

1,991

1,773

-

706

252

211

1,909

224

255

198

224

245

276

226

47

346

321

295

309

351

286

250

287

372

336

289

365

372

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

4

44

Debit card service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

477

402

366

428

436

376

344

400

440

396

336

387

419

340

316

337

361

291

288

318

274

Gain on sales of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,354

1,699

1,436

128

0

587

619

-263

-81

350

397

17

138

256

265

104

597

670

567

376

993

535

785

618

505

Bank-owned life insurance income

537

495

497

519

542

493

505

377

446

374

380

386

399

163

197

118

225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer derivative income

588

504

828

696

0

-

0

545

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

680

709

595

554

703

2,140

1,179

730

606

943

554

530

546

-567

140

590

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-73

-168

-

163

173

376

458

899

743

589

565

211

242

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

-

-

-

-

-

-

-

-

-

-

-

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

72

40

114

-

171

-

-

-

-

Non-credit portion of OTTI losses (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

-

-

-

-

-

-

-

-

-

-

-

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

115

-

1,432

101

-336

-344

-

-572

-

565

211

-

Other operating income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

370

274

214

196

262

189

177

437

174

165

148

199

182

175

132

221

164

159

156

171

146

Total non-interest income

8,421

7,806

7,643

7,453

6,167

7,450

7,126

7,121

6,238

6,518

6,960

6,558

5,946

2,035

3,372

3,614

3,328

2,106

2,028

2,503

2,342

1,533

1,816

2,293

2,116

1,817

1,925

1,874

1,950

1,737

2,298

1,974

1,700

1,511

2,064

1,485

1,732

2,065

1,795

Non-interest expense
Salaries and employee benefits

11,884

11,432

11,364

11,685

10,519

9,269

10,331

10,375

10,989

9,524

9,617

10,127

10,321

5,127

4,832

4,799

5,017

4,640

4,623

4,269

4,352

4,388

4,249

4,283

3,916

3,899

4,025

3,696

3,607

3,866

3,670

3,309

3,182

3,480

3,267

2,959

3,108

3,001

2,919

Occupancy and equipment

4,420

4,113

3,415

3,300

3,386

3,022

3,366

2,925

3,073

2,866

2,700

2,829

2,666

1,144

1,156

1,152

1,158

2,872

550

567

580

527

508

544

564

509

482

493

484

499

408

370

405

361

350

372

431

317

337

Loss on premises and equipment, net

-92

3

0

-21

0

-

0

0

-

0

1

0

-95

-32

-216

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and equipment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

584

580

565

560

569

524

513

518

506

471

510

484

387

492

415

399

416

427

418

397

419

Credit and debit card expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119

112

96

121

111

100

97

98

98

92

96

93

99

87

88

78

87

73

72

74

70

FDIC insurance assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

-

212

210

201

169

165

175

190

180

175

145

196

244

237

187

185

229

242

364

264

267

266

Outside services

534

540

424

443

411

811

456

581

560

780

907

716

597

337

181

139

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services

672

370

707

570

544

458

223

360

433

298

428

489

440

405

250

710

124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Communication

289

114

189

283

235

103

217

304

180

249

382

290

368

94

128

271

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing

388

453

613

511

295

-

293

588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

256

240

207

207

207

207

207

207

207

209

212

211

180

67

1

1

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition, restructuring and other expenses

103

4,998

3,039

280

0

1,109

70

214

335

-2,615

346

2,459

3,112

1,838

320

492

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

3,721

3,450

3,442

3,606

3,027

4,255

2,743

3,131

3,075

2,007

2,995

2,925

3,052

1,630

1,666

1,167

1,255

936

1,732

1,863

1,539

2,027

1,610

1,735

1,566

1,919

1,549

1,698

1,414

1,908

1,758

1,712

1,533

1,753

1,322

1,567

1,242

1,462

1,381

Total non-interest expense

22,359

26,803

23,400

20,906

18,624

20,096

17,906

18,685

18,852

14,263

17,586

20,046

20,831

10,457

8,750

8,731

7,997

8,154

7,820

7,601

7,333

7,792

7,212

7,361

6,846

7,123

6,835

6,595

6,307

7,094

6,559

6,157

5,808

6,300

5,684

5,762

5,535

5,518

5,392

Income before income taxes

9,514

4,569

5,795

7,481

8,984

9,046

11,046

10,658

9,749

15,154

12,192

9,585

5,692

3,010

5,482

6,115

6,202

4,741

5,479

5,388

5,512

4,297

5,490

5,368

5,372

4,549

4,889

4,357

4,579

3,880

4,726

4,310

4,494

3,393

4,334

3,747

4,031

4,043

3,648

Income tax expense

1,793

362

780

1,364

1,703

1,426

2,076

2,123

1,937

8,545

3,575

3,029

1,481

426

1,850

1,804

1,796

1,273

1,548

1,515

1,631

1,195

1,623

1,511

1,585

1,285

1,356

1,187

1,363

1,050

1,358

1,205

1,331

1,002

1,324

974

1,162

1,173

936

Net income

7,721

4,207

5,015

6,117

7,281

7,620

8,970

8,535

7,812

6,609

8,617

6,556

4,211

2,584

3,632

4,311

4,406

3,468

3,931

3,873

3,881

3,102

3,867

3,857

3,787

3,264

3,533

3,170

3,216

2,830

3,368

3,105

3,163

2,391

3,010

2,773

2,869

2,870

2,712

Earnings per share:
Preferred stock dividends and accretion of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,773

-

2,870

2,712

Basic (in dollars per share)

0.50

0.28

0.32

0.39

0.47

0.49

0.58

0.55

0.51

0.43

0.56

0.43

0.29

0.28

0.40

0.48

0.49

-0.27

0.66

0.65

0.65

0.53

0.65

0.65

0.64

0.28

0.60

0.54

0.82

-0.35

0.86

0.80

0.82

0.61

0.78

0.72

0.75

0.76

0.72

Diluted (in dollars per share)

0.50

0.27

0.32

0.39

0.47

0.49

0.58

0.55

0.50

0.43

0.56

0.42

0.29

0.28

0.40

0.47

0.48

-0.26

0.65

0.64

0.64

0.51

0.65

0.65

0.64

0.27

0.59

0.54

0.82

-0.34

0.86

0.79

0.81

0.62

0.77

0.72

0.74

0.75

0.71

Weighted average common shares outstanding:
Basic (in shares)

15,558

15,554

15,547

15,538

15,523

15,517

15,503

15,482

15,448

15,449

15,420

15,393

14,471

9,165

9,063

9,031

9,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

15,592

15,594

15,581

15,585

15,586

15,551

15,580

15,571

15,553

15,551

15,510

15,506

14,591

9,159

9,161

9,129

9,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-