CAMDEN NATIONAL CORP CAC Income Statement

Camden national corp (CAC)

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
34,045	35,379	36,207	36,092	35,721	34,532	32,813	31,367	29,834	29,728	29,350	28,423	27,062	27,107	27,395	27,706	27,016	25,144	18,651	19,342	18,084	18,005	18,112	17,757	16,780	16,938	17,470	18,059	17,795	18,072	18,084	18,268	18,435	18,933	19,515	20,257	19,469	20,685	20,593
Taxable interest on investments
4,878	4,780	4,794	4,941	4,994	4,708	4,408	4,386	4,225	4,091	4,177	4,355	4,256	4,027	4,049	4,016	3,990	3,904	3,598	3,717	3,872	3,868	3,896	4,124	4,230	4,146	4,091	4,074	4,276	4,065	4,153	4,118	4,116	4,101	4,439	4,917	4,885	5,037	5,166
Nontaxable interest on investments
787	758	675	624	644	659	659	658	672	685	686	691	702	709	702	711	714	704	624	493	387	329	319	314	294	281	292	292	305	321	344	355	365	378	387	431	466	528	534
Dividend income
168	160	158	174	230	319	367	343	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest income
335	475	686	606	420	235	310	335	261	-599	497	471	394	-572	448	342	261	231	183	105	105	89	90	89	89	20	38	56	50	91	55	56	49	69	45	40	40	28	33
Total interest income
40,213	41,552	42,520	42,437	42,009	40,453	38,557	37,089	35,278	35,040	34,710	33,940	32,414	32,276	32,594	32,775	31,981	29,983	23,056	23,657	22,448	22,291	22,417	22,284	21,393	21,385	21,891	22,481	22,426	22,549	22,636	22,797	22,965	23,481	24,386	25,645	24,860	26,278	26,326
Interest Expense
Interest on deposits
6,662	7,459	8,963	9,156	8,423	6,650	5,255	4,459	3,749	3,243	3,027	2,987	2,554	2,278	2,204	2,109	2,042	1,881	1,557	1,544	1,529	1,589	1,562	1,565	1,551	1,646	1,780	1,828	1,819	2,147	2,218	2,390	2,538	2,771	2,842	2,963	3,015	3,734	3,959
Interest on borrowings
838	961	801	885	974	1,357	2,021	2,298	1,780	1,283	1,665	1,476	1,161	896	1,161	1,313	1,136	901	849	847	860	829	848	845	807	785	767	767	818	1,199	1,337	1,409	1,418	1,629	2,265	2,463	2,591	2,953	3,110
Interest on subordinated debentures
887	893	833	823	717	859	858	851	847	855	858	851	844	858	857	849	851	830	638	631	625	638	638	631	625	638	637	636	621	642	634	632	638	631	632	656	695	712	702
Total interest expense
8,387	9,313	10,597	10,864	10,114	8,866	8,134	7,608	6,376	5,381	5,550	5,314	4,559	4,032	4,222	4,271	4,029	3,612	3,044	3,022	3,014	3,056	3,048	3,041	2,983	3,069	3,184	3,231	3,258	3,988	4,189	4,431	4,594	5,031	5,739	6,082	6,301	7,399	7,771
Net interest income
31,826	32,239	31,923	31,573	31,895	31,587	30,423	29,481	28,902	29,659	29,160	28,626	27,855	28,244	28,372	28,504	27,952	26,371	20,012	20,635	19,434	19,235	19,369	19,243	18,410	18,316	18,707	19,250	19,168	18,561	18,447	18,366	18,371	18,450	18,647	19,563	18,559	18,879	18,555
Provision for credit losses
1,775	214	730	1,173	744	7	354	983	-497	238	817	1,401	579	255	1,279	2,852	872	957	279	254	446	545	539	643	493	-6	665	695	674	1,108	868	835	1,005	1,464	1,182	970	1,119	1,291	1,950
Net interest income after provision for credit losses
30,051	32,025	31,193	30,400	31,151	31,580	30,069	28,498	29,399	29,421	28,343	27,225	27,276	27,989	27,093	25,652	27,080	25,414	19,733	20,381	18,988	18,690	18,830	18,600	17,917	18,322	18,042	18,555	18,494	17,453	17,579	17,531	17,366	16,986	17,465	18,593	17,440	17,588	16,605
Non-Interest Income
Service charges on deposit accounts
-	-	-	-	-	-	-	-	1,967	-	1,852	1,957	1,823	1,854	1,799	1,833	1,724	1,789	1,554	1,593	1,487	1,540	1,600	1,620	1,469	1,551	1,750	1,755	1,684	1,700	1,386	1,315	1,156	1,255	1,296	1,352	1,231	1,151	1,285
Mortgage banking income, net
3,534	2,175	2,668	1,742	1,252	1,156	1,758	1,609	1,391	1,797	2,076	1,937	1,553	1,337	2,407	1,706	808	1,056	390	346	239	85	55	70	72	155	93	584	574	112	8	132	336	229	368	52	80	160	83
Bank-owned life insurance
689	615	613	603	594	607	606	609	608	620	603	570	577	695	585	892	422	413	443	402	422	462	377	292	306	324	334	314	338	348	353	342	339	389	910	335	539	401	347
Brokerage and insurance commissions
657	683	625	732	585	665	615	685	650	546	600	548	453	505	594	517	458	337	411	502	449	388	441	459	478	522	354	409	412	382	360	410	339	313	307	385	358	419	352
Customer loan swap fees
114	247	109	285	525	401	288	180	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) gain on sale of securities
-	-	1	27	-	-	664	31	-	-	827	0	-	-	0	4	-	-	4	0	-	0	0	285	166	0	647	0	138	1,439	187	751	121	1,879	177	53	-33	-188	-
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	589	501	468	468	591	477	426	-1,937	416	1,584	1,510	-3,123	1,646	1,543	1,395	1,461	1,568	1,513	1,429	1,257	1,003	956	845	886	878	943	870	945	872
Other income
754	1,672	877	613	1,008	739	877	785	889	973	462	1,028	617	-11	1,906	1,927	1,008	1,602	900	555	820	951	623	891	615	709	580	526	618	999	586	559	653	539	435	474	526	2,331	105
Total non-interest income before other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,888	5,033	5,118	6,837	4,556
Other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61	27	-	38	131
Noninterest Income
11,403	11,948	10,739	10,037	9,389	9,479	10,392	9,501	8,804	9,840	10,299	9,888	8,572	10,151	11,001	10,552	7,917	8,464	6,561	6,310	6,147	6,222	5,954	6,509	5,685	8,648	6,475	6,376	6,336	7,392	5,038	5,754	5,228	7,102	5,827	5,006	5,118	6,799	4,425
Non-Interest Expense
Salaries and employee benefits
14,327	14,446	13,604	13,461	12,978	13,080	13,143	12,728	12,562	12,869	12,145	12,162	11,933	11,620	12,044	11,999	11,591	11,670	8,691	8,484	8,375	8,310	8,078	8,301	7,980	8,172	8,115	7,961	8,361	8,539	7,270	6,972	6,908	7,225	7,437	7,114	6,851	6,949	6,298
Furniture, equipment and data processing
2,790	2,770	2,708	2,723	2,680	2,649	2,575	2,549	2,586	2,690	2,429	2,450	2,325	2,400	2,349	2,381	2,427	2,527	1,705	1,902	1,923	2,080	1,704	1,743	1,789	1,848	1,668	1,931	1,604	1,430	1,131	1,295	1,223	1,255	1,149	1,169	1,200	1,150	1,116
Net occupancy costs
2,003	1,784	1,710	1,639	1,914	1,764	1,614	1,625	1,873	1,650	1,599	1,689	1,946	1,736	1,685	1,790	1,877	1,790	1,194	1,239	1,472	1,230	1,175	1,270	1,380	1,248	1,242	1,407	1,552	1,304	930	1,020	1,111	989	944	956	1,060	899	897
Debit card expense
934	947	960	883	823	841	833	776	730	721	662	712	660	477	669	718	720	-	431	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consulting and professional fees
783	1,027	892	974	813	874	958	1,116	804	706	714	853	845	625	742	982	885	891	470	673	591	600	468	782	518	701	504	585	547	312	408	608	490	486	601	868	674	591	550
Amortization of Intangible Assets
170	171	177	176	176	181	182	181	181	392	473	472	472	476	475	476	476	444	288	287	287	287	287	287	287	336	289	287	288	224	144	145	144	144	144	145	144	144	144
Regulatory assessments
162	170	182	437	472	490	447	501	499	559	574	488	545	615	667	774	721	650	513	511	510	505	511	485	481	502	496	500	499	476	450	432	435	440	410	402	703	832	602
Other real estate owned and collection costs (recoveries), net
101	127	251	409	-307	370	239	251	75	413	258	344	-44	2,411	877	496	-656	937	543	449	562	624	637	515	513	807	489	-22	888	590	571	497	626	679	519	415	491	636	1,158
Merger and acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	45	177	644	8,786	766	128	735	0	0	0	0	95	47	71	161	-	396	-	0	-	-	-	-	-	-
Other expenses
3,291	3,367	3,264	3,256	3,234	3,331	3,175	3,168	2,994	3,099	2,971	2,988	2,746	3,460	2,596	2,537	2,912	2,270	2,110	2,484	2,346	940	2,319	2,409	2,177	2,497	2,349	2,928	2,600	1,930	2,070	3,010	1,982	2,127	2,105	2,203	2,162	2,258	2,092
Total non-interest expense
24,561	24,814	23,748	23,958	22,783	23,580	23,166	22,895	22,304	23,099	21,825	22,158	21,428	22,508	22,149	22,330	22,909	31,470	16,711	16,157	16,801	16,301	15,179	15,792	15,125	18,986	15,199	15,648	16,500	18,763	13,370	13,979	12,919	15,713	13,309	13,272	13,285	13,459	12,857
Income before income tax expense
16,893	19,159	18,184	16,479	17,757	17,479	17,295	15,104	15,899	16,162	16,817	14,955	14,420	15,632	15,945	13,874	12,088	2,408	9,583	10,534	8,334	8,611	9,605	9,317	8,477	7,984	9,318	9,283	8,330	6,082	9,247	9,306	9,675	8,375	9,983	10,327	9,273	10,928	8,173
Income Tax Expense
3,400	3,921	3,696	3,275	3,484	3,502	3,238	2,887	3,079	19,335	5,478	4,721	4,344	4,730	5,042	4,258	3,442	716	3,127	3,341	2,723	2,523	3,154	3,001	2,762	3,560	2,952	2,952	2,668	1,904	2,992	2,894	3,092	2,536	3,054	3,257	2,934	3,487	2,587
Net Income (Loss) Attributable to Parent
13,493	15,238	14,488	13,204	14,273	13,977	14,057	12,217	12,820	-3,173	11,339	10,234	10,076	10,902	10,903	9,616	8,646	1,692	6,456	7,193	5,611	6,088	6,451	6,316	5,715	4,424	6,366	6,331	5,662	4,178	6,255	6,412	6,583	5,839	6,929	7,070	6,339	7,441	5,586
Earnings Per Share [Abstract]
Basic earnings per share
0.89	1.00	0.94	0.85	0.91	0.90	0.90	0.78	0.82	-0.20	0.72	0.66	0.65	0.71	0.70	0.62	0.56	-0.57	0.58	0.97	0.75	-0.29	0.87	0.85	0.76	0.58	0.83	0.83	0.74	0.54	0.82	0.84	0.86	0.76	0.90	0.92	0.83	0.97	0.73
Diluted earnings per share
0.89	0.99	0.94	0.85	0.91	0.89	0.90	0.78	0.82	-0.20	0.72	0.66	0.64	0.69	0.70	0.62	0.56	-0.55	0.57	0.96	0.75	-0.27	0.86	0.85	0.75	0.58	0.83	0.82	0.74	0.54	0.82	0.83	0.86	0.75	0.90	0.92	0.83	0.97	0.73
Weighted average number of common shares outstanding
15,103	15,178	15,339	15,519	15,592	15,589	15,580	15,572	15,541	15,521	15,515	15,512	15,488	15,457	15,425	15,415	15,389	22,068	11,179	7,446	7,431	22,324	7,421	7,430	7,528	7,628	7,643	7,637	7,627	7,620	7,619	7,675	7,672	7,672	7,677	7,677	7,659	7,657	7,656
Diluted weighted average number of common shares outstanding
15,147	15,236	15,381	15,559	15,634	15,633	15,638	15,629	15,603	15,609	15,589	15,586	15,568	15,558	15,507	15,491	15,459	22,161	11,215	7,467	7,453	22,381	7,439	7,450	7,551	7,651	7,666	7,652	7,643	7,631	7,639	7,687	7,686	7,676	7,683	7,687	7,672	7,663	7,664
Common Stock, Dividends, Per Share, Declared
0.33	0.33	0.30	0.30	0.30	0.30	0.30	0.30	0.25	0.25	0.23	0.23	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card [Member]
Revenue
2,141	2,978	2,432	2,281	2,010	2,839	2,173	2,126	1,929	2,192	2,061	1,992	1,834	1,928	1,894	1,854	1,902	-	1,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account [Member]
Revenue
2,012	2,191	1,970	2,209	2,023	-	2,072	2,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fiduciary and Trust [Member]
Revenue
1,502	1,520	1,444	1,545	1,392	1,347	1,339	1,407	1,283	1,277	1,229	1,355	1,247	1,224	1,225	1,342	1,169	1,193	1,177	1,328	1,220	1,244	1,212	1,349	1,184	1,184	1,149	1,275	1,143	1,155	1,155	1,289	1,439	1,524	1,517	1,439	1,547	1,618	1,512