Blue hills bancorp, inc. (BHBK)
Income statement / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Interest and dividend income:
Interest and fees on loans

25,309

24,455

23,081

21,809

20,883

19,721

18,715

17,382

16,099

15,113

14,138

13,603

12,647

11,509

10,759

10,427

10,207

9,725

9,399

8,051

6,455

5,663

4,894

4,864

Interest on securities

2,089

1,854

1,809

1,857

1,763

1,565

1,572

2,210

2,325

2,238

2,037

2,295

2,228

2,227

2,237

2,136

2,027

1,892

2,003

1,937

1,996

2,081

2,455

2,289

Dividend Income, Operating

194

210

195

204

189

194

193

157

990

312

155

139

2,183

1,673

112

100

2,221

1,388

119

166

1,450

230

475

174

Other

125

92

62

78

40

65

94

32

20

22

26

26

13

9

22

19

30

65

30

15

9

10

26

21

Interest and Dividend Income, Operating

27,717

26,611

25,147

23,948

22,875

21,545

20,574

19,781

19,434

17,685

16,356

16,063

17,071

15,418

13,130

12,682

14,485

13,070

11,551

10,169

9,910

7,984

7,850

7,348

Interest expense:
Interest on deposits

6,846

6,357

5,252

4,775

4,349

4,089

3,523

3,254

2,980

2,732

2,484

2,292

2,093

1,926

1,745

1,763

1,675

1,376

1,348

1,351

1,490

1,674

1,827

1,812

Interest on borrowings

920

791

912

814

732

502

643

646

504

458

556

570

406

287

270

254

243

275

326

304

305

305

266

292

Interest Expense

7,766

7,148

6,164

5,589

5,081

4,591

4,166

3,900

3,484

3,190

3,040

2,862

2,499

2,213

2,015

2,017

1,918

1,651

1,674

1,655

1,795

1,979

2,093

2,104

Net interest and dividend income

19,951

19,463

18,983

18,359

17,794

16,954

16,408

15,881

15,950

14,495

13,316

13,201

14,572

13,205

11,115

10,665

12,567

11,419

9,877

8,514

8,115

6,005

5,757

5,244

Provision (credit) for loan losses

-577

-182

101

-460

681

242

1,118

57

927

2,872

1,113

-27

1,949

1,318

544

279

270

1,438

959

714

1,002

1,136

1,092

864

Net interest and dividend income, after provision (credit) for loan losses

20,528

19,645

18,882

18,819

17,113

16,712

15,290

15,824

15,023

11,623

12,203

13,228

12,623

11,887

10,571

10,386

12,297

9,981

8,918

7,800

7,113

4,869

4,665

4,380

Noninterest income:
Deposit account fees

472

473

422

355

372

385

341

320

356

347

307

317

327

319

335

333

342

337

343

291

164

148

134

133

Interchange and ATM fees

454

471

454

391

418

455

388

348

388

418

393

347

378

430

377

326

351

390

371

285

209

214

210

188

Mortgage banking

706

974

1,033

740

552

1,146

1,219

740

436

1,262

531

244

46

52

83

101

300

341

75

68

-

87

367

-

Gain (Loss) on Sale of Mortgage Loans

-

0

-

-

-

-118

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

198

Gain on sale of jumbo residential mortgage portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-81

618

-

Loan level derivative fee income

195

1,044

143

240

1,105

156

1,367

164

640

770

322

639

833

513

770

4

157

296

57

150

504

615

182

91

Net unrealized gains on equity securities

-188

-61

452

-69

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (losses) on sales and calls of securities, net

0

0

0

0

0

0

928

-1,022

298

562

664

-244

145

238

267

1,318

741

349

1,191

541

-538

1,253

86

4,290

Gain on exchange of investment in Northeast Retirement Services

0

0

0

653

0

0

0

5,947

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on trading assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

25

-56

283

107

171

Gains on calls of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Bank-owned life insurance income

290

279

256

276

277

268

261

257

272

262

257

257

268

258

252

253

261

250

246

249

-

247

-

-

Bank-owned life insurance death benefit gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

401

-

-

Pension curtailment gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,304

-

-

-

0

-

-

Gain on sale of premises and equipment

-

0

0

271

-

0

0

0

-

297

209

-

-

0

0

-

-

-

-

-

-

-

-

-

Bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,714

273

Miscellaneous

315

675

872

1,041

206

534

6

62

1,417

214

128

-183

327

-116

393

-151

267

107

27

20

206

-21

247

98

Total noninterest income

2,244

3,855

3,632

3,898

2,930

2,826

4,510

6,816

3,807

4,132

2,811

1,377

2,324

1,694

2,477

2,184

2,294

3,374

2,310

1,629

758

3,146

3,665

5,442

Noninterest expense:
Salaries and employee benefits

8,353

8,874

8,264

8,382

8,072

7,979

7,664

7,563

7,234

7,596

7,138

6,885

5,849

5,591

5,641

5,489

5,543

5,424

5,212

5,129

5,160

3,949

3,870

3,924

Occupancy and equipment

2,047

2,071

2,050

2,083

2,224

2,024

2,030

2,115

2,291

1,807

1,653

1,619

1,688

1,617

1,464

1,498

1,256

1,150

1,298

1,601

1,110

948

945

993

Data processing

1,023

1,062

1,054

1,044

1,067

1,016

1,022

1,044

988

908

803

761

909

939

843

819

878

805

701

605

645

466

399

424

Professional fees

354

302

450

453

540

340

526

869

736

743

678

481

780

610

667

632

575

694

1,123

1,159

701

1,298

712

637

Advertising

305

509

499

304

503

563

489

367

677

495

719

532

776

620

562

500

653

815

658

301

269

342

654

558

FDIC deposit insurance

230

221

230

233

220

226

223

212

157

270

352

346

192

262

253

292

532

360

196

178

96

128

128

168

Directors’ fees

373

383

362

409

382

382

428

374

377

344

399

338

315

112

93

124

30

150

156

150

313

125

120

130

Amortization of core deposit intangible

81

103

127

151

175

199

222

247

271

294

318

342

366

390

414

437

461

485

509

353

0

0

0

0

Merger expenses

-

1,321

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Charitable foundation contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,000

-

-

-

0

-

-

Other general and administrative

590

677

655

812

1,002

626

762

609

778

777

875

764

1,073

707

723

835

814

865

809

780

543

354

794

636

Noninterest Expense

15,011

15,523

13,691

13,871

14,185

13,355

13,366

13,400

13,509

13,234

12,935

12,068

11,948

10,848

10,660

10,626

10,742

17,748

10,662

10,256

8,957

7,610

7,622

7,470

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

7,761

7,977

8,823

8,846

5,858

6,183

6,434

9,240

5,321

2,521

2,079

2,537

2,999

2,733

2,388

1,944

3,849

-4,393

566

-827

-1,086

405

708

2,352

Income Tax Expense (Benefit)

2,034

2,188

2,366

2,263

4,565

2,342

2,566

1,753

1,323

891

721

870

587

923

689

638

1,104

-1,435

137

-428

-467

-214

-421

818

Net Income (Loss) Attributable to Parent

5,727

5,789

6,457

6,583

1,293

3,841

3,868

7,487

3,998

1,630

1,358

1,667

2,412

1,810

1,699

1,306

2,745

-2,958

429

-399

-619

619

1,129

1,534

Earnings per common share:
Basic earnings per share (dollars per share)

0.23

0.24

0.27

0.27

0.06

0.16

0.16

0.31

0.15

0.07

0.06

0.07

0.10

0.07

0.06

0.05

-

-

-

-

-

-

-

-

Diluted earnings per share (dollars per share)

0.22

0.23

0.26

0.27

0.04

0.16

0.16

0.31

0.16

0.07

0.05

0.07

0.10

0.07

0.06

0.05

-

-

-

-

-

-

-

-

Weighted average shares outstanding:
Weighted average common shares (basic) (shares)

24,397

24,256

24,230

24,172

24,106

23,973

23,952

23,911

23,910

24,129

24,575

25,066

25,508

26,183

26,293

26,274

-

-

-

-

-

-

-

-

Weighted average common shares (diluted) (shares)

25,311

25,242

24,991

24,827

24,797

24,510

24,346

24,275

24,023

24,307

24,699

25,132

25,526

26,183

26,293

26,274

-

-

-

-

-

-

-

-