Carolina Trust BancShares, Inc. CART Income Statement

Carolina trust bancshares, inc. (CART)

Income statement / TTM

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
2,194	1,922	1,656	1,353	868	872	905	915	905	925	946	1,009	0	0	0	0
Interest and fees on loans
25,216	23,513	21,578	19,736	18,903	18,082	17,252	16,534	16,018	15,530	15,326	15,213	0	0	0	0
Other interest income
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-
Total interest income
27,500	25,547	23,342	21,089	20,116	19,131	18,199	17,449	16,923	16,455	16,272	16,222	0	0	0	0
Interest Expense
Interest expense non-maturity deposits
1,313	1,116	919	724	631	574	513	442	387	334	299	278	0	0	0	0
Interest expense time deposits
3,386	3,184	2,995	2,794	2,567	2,343	2,139	2,039	2,063	2,120	2,203	2,232	0	0	0	0
Interest expense borrowed funds
334	293	275	309	0	0	0	-	-	-	-	-	-	-	-	-
Interest expense borrowed funds
-	-	-	-	-	-	-	-	199	182	179	175	0	0	0	0
Interest expense capital lease
-	-	-	-	-	-	-	17	18	19	20	21	0	0	0	0
Interest expense debt
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-
Interest expense on subordinated debt
772	771	768	767	765	763	760	759	734	544	356	166	0	0	0	-
Interest expense, other
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-
Total interest expense
5,817	5,379	4,986	4,624	4,307	4,025	3,716	3,479	3,401	3,199	3,057	2,872	0	0	0	0
Net interest income
21,683	20,168	18,356	16,465	15,809	15,106	14,483	13,970	13,522	13,256	13,215	13,350	0	0	0	0
Provision for (recovery of) loan losses
107	219	231	406	564	829	805	704	406	268	204	-27	0	0	0	0
Net interest income after loan loss provision
21,576	19,949	18,125	16,059	15,245	14,277	13,678	13,266	13,116	12,988	13,011	13,377	0	0	0	0
Noninterest income
Total noninterest income
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Amount of revenue from overdraft fees on deposit accounts.
668	607	598	538	0	0	0	-	0	0	-	395	0	0	0	0
Amount of revenue from interchange fees, net of related costs.
384	327	263	229	0	0	0	-	0	0	-	443	0	0	0	0
Amount of noninterest income derived from service charges on deposit accounts.
107	100	87	65	0	0	0	-	0	0	-	-	-	-	-	-
Amount of noninterest income derived from mortgage banking activities.
459	324	227	117	0	0	0	-	0	0	-	-	-	-	-	-
Amount of noninterest income derived from customer service fees.
84	77	65	58	0	0	0	-	0	0	-	-	-	-	-	-
Amount of noninterest income from debit card services, including interchange fees, annual fees and other fees.
46	38	30	28	0	0	0	-	0	0	-	-	-	-	-	-
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Mortgage fee income
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Customer service fees
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Customer service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
ATM income
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Increase in value of bank-owned life insurance
248	231	213	196	0	0	0	-	0	0	-	-	0	-	-	-
Unrealized gain on equity securities
-37	98	20	-10	0	0	0	-	-	-	-	-	-	-	-	-
Unrealized gain on equity securities
-	-	-	-	-	-	-	-	0	0	-	55	0	0	0	-
Other income
45	42	43	35	0	0	0	-	0	0	-	40	0	0	0	0
Total noninterest income
2,004	1,844	1,546	1,256	0	0	0	-	0	0	-	1,229	0	0	0	0
Noninterest expense
Salaries & benefits expense
8,823	8,360	7,893	7,337	7,288	7,251	7,191	7,071	6,996	6,925	6,848	6,822	0	0	0	0
Occupancy expense
832	811	776	773	830	849	883	859	854	872	862	875	0	0	0	0
Furniture, fixture & equipment expense
823	793	731	684	674	602	602	585	570	562	548	527	0	0	0	0
Data processing expense
1,005	925	835	792	798	801	882	948	991	1,005	902	809	0	0	0	0
Office supplies expense
147	121	103	87	64	79	81	81	77	77	69	64	0	0	0	0
Professional fees
471	499	478	477	468	454	478	473	436	530	494	607	0	0	0	0
Advertising and marketing
153	141	128	114	118	120	129	132	143	144	144	147	0	0	0	0
Insurance
192	252	243	301	352	346	327	306	319	325	332	340	0	0	0	0
Foreclosed asset expense, net
161	273	494	497	451	346	267	281	397	523	405	493	0	0	0	0
Check card expense
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Loan expense
224	265	271	218	234	214	210	219	193	189	169	164	0	0	0	0
This element represents stockholder expenses.
296	255	201	190	148	129	148	172	174	194	161	122	0	0	0	0
Directors fees and expenses
363	330	304	271	249	257	260	256	268	256	240	225	0	0	0	0
Telephone expense
334	342	319	293	307	282	289	288	291	271	262	244	0	0	0	0
Amortization of core deposit intangibles
431	302	185	33	35	38	41	44	46	49	53	56	0	0	0	0
Merger related expenses
2,620	2,192	2,466	744	0	0	0	-	0	0	-	-	-	-	-	-
Other operating expense
787	722	668	589	583	622	632	586	562	511	497	528	0	0	0	0
Total noninterest expense
17,662	16,583	16,095	13,400	13,079	12,713	12,420	12,301	12,408	12,619	12,260	12,388	0	0	0	0
Pre-tax income
5,918	5,210	3,576	3,915	3,538	2,844	2,428	1,998	1,721	1,449	1,887	2,218	0	0	0	0
Income tax expense
1,390	1,194	868	963	1,886	1,756	1,654	1,594	581	575	752	877	0	0	0	0
Net income
-	-	-	-	-	-	-	-	1,140	874	1,135	1,341	0	0	0	0
Less income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Net income
4,528	4,016	2,708	2,952	0	0	0	-	-	-	-	-	0	0	0	0
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