Bank of Commerce Holdings BOCH Income Statement

Bank of commerce holdings (BOCH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans
12,338	12,643	13,013	12,847	12,031	11,494	11,568	11,164	10,729	10,083	9,887	9,758	9,384	9,181	9,007	8,796	8,451	8,299	8,357	8,304	7,911	7,832	7,350	7,188	7,094	7,432	7,487	7,352	7,647	8,026	8,462	8,288	8,372	8,299	8,794	8,958	9,033	9,710	9,511
Interest on taxable securities
1,582	1,567	1,609	1,733	1,764	1,469	1,209	1,278	1,209	1,211	1,049	872	789	705	689	808	784	795	743	801	945	987	1,001	1,112	1,114	-	-	1,022	1,069	-	-	-	-	-	-	-	-	-	-
Interest on tax-exempt securities
271	258	271	328	387	353	400	413	463	529	551	534	530	522	552	588	594	599	592	602	599	620	629	635	652	658	673	656	623	622	612	585	580	534	470	478	532	465	381
Interest on interest-bearing deposits in other banks
154	340	308	219	245	434	254	135	129	224	278	156	114	110	82	65	75	39	40	56	71	90	122	127	140	-	-	131	138	-	-	-	-	-	-	-	-	-	-
Interest on U.S. government securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	-	-	-	426	408	391	375	437	633	678	633	507
Interest on other securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	716	-	-	-	841	794	732	634	548	577	651	472	342
Total interest income
14,345	14,808	15,201	15,127	14,427	13,750	13,431	12,990	12,530	12,047	11,765	11,320	10,817	10,518	10,330	10,257	9,904	9,732	9,732	9,763	9,526	9,529	9,102	9,062	9,000	9,302	9,321	9,161	9,477	9,846	10,341	10,075	10,075	9,842	10,249	10,646	10,894	11,280	10,741
Interest expense:
Interest on demand - interest-bearing
100	108	117	129	126	141	104	80	89	-254	196	184	148	-187	136	130	122	121	116	107	116	109	123	118	121	121	113	112	139	153	147	153	157	166	191	204	226	251	226
Interest on money market
403	479	451	380	289	207	172	135	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on savings
118	128	131	123	111	92	73	64	59	54	52	47	47	45	43	41	45	51	53	55	54	55	59	57	57	60	61	62	71	83	90	105	116	145	172	229	246	237	221
Interest on certificates of deposit
464	499	491	497	490	462	465	488	495	547	567	545	529	543	524	515	597	585	586	594	591	623	650	673	662	635	639	654	697	761	866	1,005	1,065	1,123	1,204	1,272	1,313	1,453	1,554
Interest on term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	292	295	782	572	475	363	349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	292	295	-	572	475	363	349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on Federal Home Loan Bank of San Francisco borrowings
-	0	0	192	55	0	121	267	47	0	0	3	0	-	-	-	-	-	-	-	-	-	228	-69	-	-	-	-	-	-	-	-47	150	-	135	148	164	178	138
Interest on other borrowings
184	183	183	201	239	-	265	279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
-	-	-	-	-	-	-	-	281	285	292	295	293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on junior subordinated debentures
90	97	106	110	113	102	104	97	82	76	74	71	66	63	59	59	54	52	47	49	47	-	94	93	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on securities sold under repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	4	-	6	7	6	7	9	13	14	13	15
Interest on Federal Home Loan Bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	-	-	-	-4	-	-	-	-	-	-	-	-
Interest on other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-	96	45	60	213	121	138	56	319	94	263	266	470	406
Total interest expense
1,359	1,494	1,479	1,632	1,423	1,256	1,304	1,410	1,185	1,178	1,181	1,145	1,083	1,084	1,054	1,040	1,600	1,381	1,277	1,168	1,157	1,239	1,154	872	827	807	825	875	971	1,092	1,226	1,361	1,550	1,313	1,805	2,129	2,229	2,602	2,560
Net interest income
12,986	13,314	13,722	13,495	13,004	12,494	12,127	11,580	11,345	10,869	10,584	10,175	9,734	9,434	9,276	9,217	8,304	8,351	8,455	8,595	8,369	8,290	7,948	8,190	8,173	8,495	8,496	8,286	8,506	8,754	9,115	8,714	8,525	8,529	8,444	8,517	8,665	8,678	8,181
Provision for loan and lease losses
2,850	-	-	-	-	-	-	-	-	450	0	300	200	-	0	0	0	-	0	0	-	-	1,050	1,450	-	0	300	1,400	1,050	4,550	1,900	1,650	1,300	1,800	2,211	2,580	2,400	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,450	1,600
Net interest income after provision for loan and lease losses
10,136	13,314	13,722	13,495	13,004	12,494	12,127	11,580	11,345	10,419	10,584	9,875	9,534	9,434	9,276	9,217	8,304	8,351	8,455	8,595	8,369	7,615	6,898	6,740	8,173	8,495	8,196	6,886	7,456	4,204	7,215	7,064	7,225	6,729	6,233	5,937	6,265	4,228	6,581
Noninterest income:
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	133	88	72	51	52	52	49	51	50	41	44	45	46	54	46	42	49	50	47	40	50	52	50	63	62
ATM and point of sale fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	287	335	92	-	96	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payroll and benefit processing fees
170	183	158	157	171	178	159	146	169	173	147	147	191	161	133	139	160	139	138	130	148	137	127	109	135	129	113	114	128	143	122	118	155	129	99	102	128	107	100
Life insurance
123	126	126	155	129	128	128	127	129	135	134	135	646	152	152	153	156	159	158	159	165	169	171	162	126	133	133	112	156	129	114	114	113	118	117	119	111	112	107
Gain on sale of investment securities, net
84	49	12	33	92	3	1	4	36	-2	38	35	66	52	70	28	94	30	137	61	215	93	32	-39	-245	64	336	406	189	2,085	550	542	645	105	532	655	258	179	133
Impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	546	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank of San Francisco dividends
130	131	131	124	121	201	104	95	80	81	80	54	103	353	102	99	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) gain on sale of OREO
-23	21	0	18	23	64	-7	0	16	346	81	12	-71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on settlement of put reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,750	-
Merchant credit card service income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	32	33	32	39	38	35	34	39	33	270	65	64
Mortgage banking revenue, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,550	2,533	3,281	2,776
Other (loss) income
-29	32	109	108	87	114	106	115	110	-55	191	182	143	128	82	141	285	-574	227	384	277	19	291	1,863	304	446	313	307	272	282	545	320	284	422	212	114	102	91	85
Total noninterest income
892	1,021	1,006	1,100	1,057	1,132	943	962	982	1,282	1,076	995	1,471	1,141	959	437	949	640	808	881	854	1,144	671	2,136	364	719	974	1,025	824	2,713	1,419	1,182	1,279	-4,235	1,049	3,625	3,452	5,648	3,327
Noninterest expense:
Salaries and related benefits
5,887	4,924	5,005	5,146	5,729	4,812	4,529	4,513	4,855	4,523	4,291	4,147	4,858	4,237	3,873	4,086	4,229	3,610	3,208	3,575	3,910	4,301	3,520	3,464	3,680	3,172	2,865	3,074	2,924	2,645	2,732	2,595	3,058	-781	2,507	4,017	4,214	4,162	3,365
Premises and equipment
854	882	950	945	975	879	1,017	1,016	1,071	1,073	1,067	1,054	1,048	1,022	1,071	987	789	737	714	709	734	715	749	678	642	553	549	529	574	535	508	473	542	-67	548	800	728	952	924
Federal Deposit Insurance Corporation insurance premium
-36	-	104	-	-100	-	-94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	290	-	0	-	-	-	0	425	-	0	0	370	187	129	1,064
Federal Deposit Insurance Corporation insurance premium
-	-	-	95	-	-	-	93	96	88	78	104	48	102	176	181	156	173	159	178	207	214	204	189	191	190	202	245	88	208	202	198	212	284	300	363	372	250	254
Data processing
531	773	565	621	576	576	518	471	432	455	437	451	406	534	464	373	304	280	243	251	242	279	226	227	194	150	127	136	134	142	94	115	70	107	92	91	99	52	64
Professional services
334	309	392	535	303	436	336	314	345	279	276	459	384	481	303	470	436	461	337	442	388	547	283	304	264	314	364	294	269	216	255	304	303	-382	229	595	574	216	543
Telecommunications
171	190	194	180	173	145	55	178	216	226	219	223	211	206	199	199	147	-	116	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and merger
-	-	113	-	-1,930	-	-42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition costs
-	-	-	376	-	-	-	-	-	-	-	-	-	0	0	168	412	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on cancellation of interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2,325	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	57	-	58	-	155	154	150	146	144	139	136	131	127	126	122
Stationery and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51	35	96
Postage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	58	45
Directors' expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	56	68
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32
Other expenses
1,970	1,343	1,411	1,713	1,137	1,125	1,043	1,086	1,018	1,247	989	1,288	1,035	1,124	1,039	1,204	1,203	784	797	858	1,112	1,159	789	921	2,322	1,076	1,772	870	1,318	694	1,543	1,060	1,496	601	885	1,487	1,174	1,260	932
Total noninterest expense
9,783	8,421	8,300	9,611	10,923	8,868	7,634	7,671	8,033	7,891	7,357	7,726	7,990	7,706	7,125	7,668	10,001	6,616	5,574	6,122	6,593	7,172	5,771	5,851	7,640	5,242	5,937	5,148	5,462	4,594	5,484	5,316	5,825	-270	4,697	7,854	7,646	7,296	7,509
Income before provision for income taxes
1,245	5,914	6,428	4,984	3,138	4,758	5,436	4,871	4,294	3,810	4,303	3,144	3,015	2,869	3,110	1,986	-748	2,375	3,689	3,354	2,630	1,587	1,798	3,025	897	3,972	3,233	2,763	2,818	2,323	3,150	2,930	2,679	2,764	2,585	1,708	2,071	2,580	2,399
Provision for income taxes
329	1,545	1,786	1,340	832	-81	1,404	1,253	1,053	3,803	1,427	935	763	572	744	430	212	505	1,164	964	829	-96	525	819	332	1,885	1,431	757	778	939	923	857	803	892	905	216	431	916	750
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,802	2,006	2,040	1,384	2,227	2,073	1,876	-	-	-	-	-	-
Net Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,680	1,492	1,640	1,664	1,649
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-746	622	659	-	1,210	-	-	-	-
Income tax expense associated with income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-239	271	299	-	499	-	-	-	-
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-507	351	360	-	711	-	-	-	-
Less: income from discontinued operations attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	172	-	-	-	-	-	-	-
Less: Net income from discontinued operations attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	-	348	6	-24	105	144
Net (loss) income from discontinued operations attributable to controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-507	179	184	-	363	-	-	-	-
Net income
916	4,369	4,642	3,644	2,306	4,839	4,032	3,618	3,241	7	2,876	2,209	2,252	2,297	2,366	1,556	-960	1,870	2,525	2,390	1,801	1,683	1,273	2,206	565	-	1,802	-	-	1,384	1,720	2,252	2,060	2,062	2,043	1,486	1,664	1,559	1,505
Less: Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	50	50	50	-	50	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	-	50	50	50	196	250	248	186	139	334	235	235	235	236
Income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,729	2,475	2,340	1,751	1,633	1,223	2,156	515	2,037	1,752	1,956	1,990	1,188	1,470	2,004	1,874	1,923	1,709	1,251	1,429	1,324	1,269
Earnings per share - basic (in dollars per share)
0.05	0.24	0.26	0.20	0.13	0.30	0.25	0.22	0.20	-0.02	0.18	0.15	0.17	0.17	0.18	0.11	-0.07	-	0.18	0.18	-	0.12	0.09	0.16	0.04	-	0.12	-	-	0.08	0.12	0.11	0.10	-	0.08	-	-	-	-
(Loss) earnings per share - basic (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-	-	-	-	0.13	0.13	-	-	-	-	-	-	0.07	0.08	0.08	0.08
Basic earnings per share attributable to discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	0.00	-0.03	0.01	0.01	-	0.02	-	-	-	-
Weighted average shares - basic (in shares)
17,695	18,071	18,130	18,134	17,489	16,270	16,252	16,245	16,225	16,207	16,191	15,014	13,416	13,372	13,369	13,367	13,360	13,343	13,340	13,338	13,303	13,286	13,294	13,378	13,942	14,125	14,829	15,120	15,686	16,029	16,240	16,302	16,805	33,965	16,991	16,991	16	16	16,837
Earnings per share - diluted (in dollars per share)
0.05	0.24	0.26	0.20	0.13	0.29	0.25	0.22	0.20	-0.02	0.18	0.15	0.17	0.17	0.18	0.11	-0.07	-	0.18	0.18	-	0.12	0.09	0.16	0.04	-	0.12	-	-	0.08	0.12	0.11	0.10	-	0.08	-	-	-	-
(Loss) earnings per share - diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.13	-	-	-	-	-	-	0.13	0.13	-	-	-	-	-	-	0.07	0.08	0.08	0.08
Diluted earnings per share attributable to discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	0.00	-0.03	0.01	0.01	-	0.02	-	-	-	-
Weighted average shares - diluted (in shares)
17,747	18,154	18,196	18,194	17,552	16,351	16,342	16,325	16,310	16,318	16,288	15,113	13,521	13,476	13,439	13,425	13,360	13,373	13,377	13,370	13,340	13,328	13,339	13,426	13,987	14,161	14,853	15,139	15,703	16,029	16,240	16,302	16,805	33,965	16,991	16,991	16	16	16,837
Cash dividends declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	0.06
Deposit Account [Member]
Revenue from Contract with Customer
169	197	177	187	169	161	170	175	176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Revenue from Contract with Customer
268	282	293	318	265	283	282	300	266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-