Cambridge bancorp (CATC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16
Interest and dividend income
Interest on taxable loans

23,338

23,463

23,280

21,355

16,284

15,623

14,808

14,132

13,378

13,272

13,038

12,555

12,373

12,322

Interest on tax-exempt loans

198

199

172

124

89

92

91

92

96

105

121

139

131

116

Interest on taxable investment securities

1,723

1,889

1,978

2,116

1,980

1,887

1,936

1,920

1,714

1,559

1,712

1,656

1,394

1,115

Interest on tax-exempt investment securities

595

580

563

575

571

587

591

604

622

634

641

660

665

688

Dividends on FHLB of Boston stock

101

109

124

81

76

85

93

58

51

53

107

43

42

52

Interest on overnight investments

140

175

219

219

118

111

83

130

271

121

54

48

68

-

Interest on overnight investments

-

-

-

-

-

-

-

-

-

-

-

-

-

22

Total interest and dividend income

26,095

26,415

26,336

24,470

19,118

18,385

17,602

16,936

16,132

15,744

15,673

15,101

14,673

14,315

Interest expense
Interest on deposits

3,129

4,152

4,609

4,379

2,501

1,733

1,275

1,053

962

942

809

683

691

769

Interest on borrowed funds

566

655

676

315

356

242

156

29

17

28

225

188

21

26

Total interest expense

3,695

4,807

5,285

4,694

2,857

1,975

1,431

1,082

979

970

1,034

871

712

795

Net interest and dividend income

22,400

21,608

21,051

19,776

16,261

16,410

16,171

15,854

15,153

14,774

14,639

14,230

13,961

13,520

Provision (Release) for Credit Losses

2,000

-

-

-

-93

-

-

-

-

-

-

-

-

-

Provision for Loan Losses

-

-

-

-

-

-

-

-

-

-

310

20

-

-

Provision for Loan Losses

-

-

2,170

596

-

715

457

-79

409

-

-

-

30

113

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

20,400

21,277

18,881

19,180

16,354

15,695

15,714

15,933

14,744

14,772

14,329

14,210

13,931

13,407

Noninterest income
Wealth management revenue

-

-

-

-

-

-

-

-

-

-

-

-

5,362

5,481

Deposit account fees

-

-

-

-

-

-

-

-

-

-

-

-

813

766

ATM/Debit card income

-

-

-

-

-

-

-

-

-

-

-

-

259

285

Bank owned life insurance income

160

158

165

162

127

133

129

136

128

136

139

147

162

149

Loss on disposition of investment securities

-

0

2

6

-87

-

-

2

-

-

-

-1

-

-

(Loss) gain on disposition of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-2

3

Gain on loans sold

119

679

460

15

16

17

37

18

27

31

39

50

235

305

Loan related derivative income

510

103

1,130

5

436

431

636

112

472

133

284

175

188

392

Other income

304

913

371

316

327

240

272

353

404

265

282

298

310

234

Total noninterest income

8,818

9,933

10,366

8,145

7,957

8,038

8,929

7,844

8,178

7,575

7,977

7,345

7,327

7,615

Noninterest expense
Salaries and employee benefits

13,016

13,141

12,067

11,459

10,827

10,370

10,326

10,443

10,073

9,429

9,000

8,870

9,156

8,620

Occupancy and equipment

2,807

3,042

2,792

2,691

2,330

2,336

2,290

2,219

2,227

-

2,358

2,325

-

-

Occupancy and equipment

-

-

-

-

-

-

-

-

-

-

-

-

2,253

2,278

Data processing

1,685

1,700

1,652

1,534

1,346

1,329

1,329

1,289

1,230

1,126

1,111

1,396

1,323

1,279

Professional services

859

1,212

844

760

807

781

761

829

887

724

954

826

870

654

Marketing

256

585

263

508

404

860

595

336

438

522

355

473

270

463

FDIC insurance

179

-

91

278

-

137

151

135

151

163

154

151

161

176

Nonoperating expenses

-253

-

-

-

-91

-

-

-

-

-

-

-

-

-

Merger expenses

-

-

339

3,450

-

-

-

-

-

-

-

-

-

-

Other expenses

870

983

815

833

568

828

427

514

495

870

670

691

913

693

Total noninterest expense

19,925

21,426

18,863

21,513

16,373

16,842

15,879

15,765

15,501

15,012

14,602

14,732

14,946

14,163

Income before income taxes

9,293

9,784

10,384

5,812

7,938

6,891

8,764

8,012

7,421

7,335

7,704

6,823

6,312

6,859

Income tax expense

2,061

2,673

2,708

1,540

1,740

1,585

2,105

1,901

1,616

6,371

2,694

2,309

1,984

2,284

Net income

7,232

7,111

7,676

4,272

6,198

5,306

6,659

6,111

5,805

964

5,010

4,514

4,328

4,575

Share data:
Weighted average number of shares outstanding, basic

5,397

4,946

4,815

4,682

4,073

4,068

4,064

4,059

4,053

4,038

4,037

4,034

4,011

3,996

Weighted average number of shares outstanding, diluted

5,432

4,981

4,842

4,715

4,107

4,126

4,101

4,094

4,071

4,073

4,070

4,068

4,050

4,043

Basic earnings per share

1.34

1.41

1.58

0.91

1.51

1.29

1.62

1.49

1.42

0.23

1.23

1.11

1.07

1.13

Diluted earnings per share

1.33

1.41

1.57

0.90

1.49

1.27

1.61

1.48

1.41

0.23

1.22

1.10

1.06

1.13

Wealth Management Revenue
Noninterest income

6,627

6,923

7,033

6,419

6,124

6,147

6,779

6,139

6,126

-

-

-

-

-

Deposit Account Fees
Noninterest income

791

790

814

843

738

765

782

774

750

-

-

-

-

-

ATM/Debit Card Income
Noninterest income

307

367

391

379

276

305

294

310

271

-

-

-

-

-