Carolina Trust BancShares, Inc. CART Income Statement

Carolina trust bancshares, inc. (CART)

Income statement / Quarterly

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	Sep'15
Interest Income
Interest on investment securities
487	483	510	714	215	217	207	229	219	250	217	219	239	271	280	251
Interest and fees on loans
6,739	6,781	6,420	5,276	5,036	4,846	4,578	4,443	4,215	4,016	3,860	3,927	3,727	3,812	3,747	3,640
Other interest income
146	139	150	-	168	135	42	-	-	-	-	-	-	-	-	-
Total interest income
7,372	7,403	7,080	5,645	5,419	5,198	4,827	4,672	4,434	4,266	4,077	4,146	3,966	4,083	4,027	3,891
Interest Expense
Interest expense non-maturity deposits
385	363	341	224	188	166	146	131	131	105	75	76	78	70	54	58
Interest expense time deposits
935	891	809	751	733	702	608	524	509	498	508	548	566	581	537	504
Interest expense borrowed funds
99	98	76	61	58	80	110	-	-	-	-	-	-	-	-	-
Interest expense borrowed funds
-	-	-	-	-	-	-	-	60	51	45	43	43	48	41	31
Interest expense capital lease
-	-	-	-	-	-	-	4	4	4	5	5	5	5	6	6
Interest expense debt
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-
Interest expense on subordinated debt
193	194	192	193	192	191	191	191	190	188	190	166	0	0	0	-
Interest expense, other
2	2	4	-	5	16	5	-	-	-	-	-	-	-	-	-
Total interest expense
1,614	1,548	1,422	1,233	1,176	1,155	1,060	916	894	846	823	838	692	704	638	599
Net interest income
5,758	5,855	5,658	4,412	4,243	4,043	3,767	3,756	3,540	3,420	3,254	3,308	3,274	3,379	3,389	3,292
Provision for (recovery of) loan losses
-37	76	77	-9	75	88	252	149	340	64	151	-149	202	0	-80	-170
Net interest income after loan loss provision
5,795	5,779	5,581	4,421	4,168	3,955	3,515	3,607	3,200	3,356	3,103	3,457	3,072	3,379	3,469	3,462
Noninterest income
Total noninterest income
-	-	-	-	-	-	-	-	-	-	193	-	-	-	-	-
Amount of revenue from overdraft fees on deposit accounts.
192	150	200	126	131	141	140	-	117	94	-	92	102	96	105	104
Amount of revenue from interchange fees, net of related costs.
124	116	80	64	67	52	46	-	33	42	-	114	111	113	105	95
Amount of noninterest income derived from service charges on deposit accounts.
25	29	37	16	18	16	15	-	16	11	-	-	-	-	-	-
Amount of noninterest income derived from mortgage banking activities.
179	124	125	31	44	27	15	-	32	25	-	-	-	-	-	-
Amount of noninterest income derived from customer service fees.
21	26	22	15	14	14	15	-	13	14	-	-	-	-	-	-
Amount of noninterest income from debit card services, including interchange fees, annual fees and other fees.
16	15	8	7	8	7	6	-	7	7	-	-	-	-	-	-
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	-	13	-	-	-
Mortgage fee income
-	-	-	-	-	-	-	-	-	-	-	-	22	28	22	22
Customer service fees
-	-	-	-	-	-	-	-	-	-	-	-	16	14	14	15
Customer service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	13	14	19
ATM income
-	-	-	-	-	-	-	-	-	-	-	-	8	7	5	7
Increase in value of bank-owned life insurance
66	67	66	49	49	49	49	-	55	55	-	-	13	-	-	-
Unrealized gain on equity securities
-100	128	68	-133	35	50	38	-	-	-	-	-	-	-	-	-
Unrealized gain on equity securities
-	-	-	-	-	-	-	-	0	0	-	-17	55	13	4	-
Other income
11	9	14	11	8	10	6	-	9	8	-	-14	9	28	17	22
Total noninterest income
534	664	620	186	374	366	330	-	282	256	-	282	349	312	286	284
Noninterest expense
Salaries & benefits expense
2,262	2,301	2,419	1,841	1,799	1,834	1,863	1,792	1,762	1,774	1,743	1,717	1,691	1,697	1,717	1,622
Occupancy expense
214	221	231	166	193	186	228	223	212	220	204	218	230	210	217	219
Furniture, fixture & equipment expense
244	215	204	160	214	153	157	150	142	153	140	135	134	139	119	114
Data processing expense
278	278	245	204	198	188	202	210	201	269	268	253	215	166	175	165
Office supplies expense
27	39	36	45	1	21	20	22	16	23	20	18	16	15	15	14
Professional fees
77	133	112	149	105	112	111	140	91	136	106	103	185	100	219	79
Advertising and marketing
43	40	46	24	31	27	32	28	33	36	35	39	34	36	38	38
Insurance
23	101	36	32	83	92	94	83	77	73	73	96	83	80	81	146
Foreclosed asset expense, net
15	79	23	44	127	300	26	-2	22	221	40	114	148	103	128	50
Check card expense
-	-	-	-	-	-	-	-	-	-	-	-	95	88	91	107
Loan expense
34	52	81	57	75	58	28	73	55	54	37	47	51	34	32	55
This element represents stockholder expenses.
86	89	45	76	45	35	34	34	26	54	58	36	46	21	19	26
Directors fees and expenses
84	92	107	80	51	66	74	58	59	69	70	70	47	53	55	39
Telephone expense
93	92	97	52	101	69	71	66	76	76	70	69	56	67	52	50
Amortization of core deposit intangibles
138	125	161	7	9	8	9	9	12	11	12	11	15	15	15	18
Merger related expenses
585	49	1,722	264	157	323	0	-	0	0	-	-	-	-	-	-
Other operating expense
203	202	226	156	138	148	147	150	177	158	101	126	126	144	132	106
Total noninterest expense
4,406	4,108	5,791	3,357	3,327	3,620	3,096	3,036	2,961	3,327	2,977	3,143	3,172	2,968	3,105	2,848
Pre-tax income
1,923	2,335	410	1,250	1,215	701	749	873	521	285	319	596	249	723	650	898
Income tax expense
496	517	73	304	300	191	168	1,227	170	89	108	214	164	266	233	467
Net income
-	-	-	-	-	-	-	-	351	196	211	382	85	457	417	431
Less income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	58	58	59	59
Net income
1,427	1,818	337	946	915	510	581	-	-	-	-	-	27	399	358	372
Earnings per share
Basic earnings per common share (in dollars per share)
0.15	0.20	0.04	0.13	0.13	0.08	0.12	-0.08	0.08	0.04	0.05	0.06	0.01	0.09	0.08	0.08
Diluted earnings per common share (in dollars per share)
0.15	0.19	0.04	0.13	0.13	0.08	0.12	-0.06	0.07	0.04	0.04	0.07	0.01	0.08	0.08	0.08
Weighted average common shares outstanding (in shares)
9,304	9,297	9,290	7,119	7,156	6,583	4,660	4,657	4,654	4,654	4,654	4,648	4,650	4,649	4,649	4,645
Diluted average common shares outstanding (in shares)
9,375	9,366	9,366	7,203	7,243	6,671	4,764	4,754	4,740	4,722	4,734	4,697	4,699	4,696	4,697	4,721