CB Financial Services, Inc. CBFV Income Statement

Cb financial services, inc. (CBFV)

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	Sep'13	Jun'13
INTEREST AND DIVIDEND INCOME
Loans, Including Fees
10,764	11,086	10,984	10,673	10,433	10,670	10,044	9,257	7,971	7,697	7,459	7,229	7,142	7,663	7,093	7,323	7,497	7,306	7,390	7,385	7,481	6,448	4,077	4,022	3,968	3,991	3,770
Investment Securities:
Federal Funds Sold
-	-	156	165	-	-	53	54	6	79	64	41	15	9	3	8	4	1	4	6	1	9	7	8	3	2	4
Taxable
1,201	1,437	1,505	1,390	1,317	1,313	1,202	988	434	398	386	386	361	320	287	307	324	255	237	225	242	229	187	214	232	185	205
Tax-Exempt
106	-36	204	232	208	113	318	303	236	227	229	219	217	227	261	266	260	267	278	274	296	305	318	348	355	378	368
Dividends
20	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Interest and Dividend Income
238	736	249	209	318	412	147	88	60	80	75	74	56	43	40	46	37	28	37	49	155	34	24	33	20	14	8
TOTAL INTEREST AND DIVIDEND INCOME
12,329	12,968	13,098	12,669	12,296	12,465	11,764	10,690	8,707	8,481	8,213	7,949	7,791	8,262	7,684	7,950	8,122	7,857	7,946	7,939	8,175	7,025	4,613	4,625	4,578	4,570	4,355
INTEREST EXPENSE
Deposits
1,681	1,896	1,864	1,824	1,719	1,596	1,398	1,186	788	761	720	675	655	606	557	560	561	574	577	594	598	553	388	405	429	479	489
Short-Term Borrowings
45	-	-	-	46	521	0	0	1	-	0	0	0	0	1	0	1	1	0	0	1	1	0	0	1	2	1
Short-Term Borrowings
-	-	47	50	-	-	68	208	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-Term Borrowings
-	-	-	-	-	-	-	-	197	23	20	20	19	23	21	15	14	22	16	15	30	28	11	11	9	16	14
Other Borrowings
70	89	91	90	97	95	128	123	113	120	120	119	122	128	129	127	127	69	66	62	90	38	28	27	31	51	62
TOTAL INTEREST EXPENSE
1,796	2,029	2,002	1,964	1,862	1,739	1,594	1,517	1,099	904	860	814	796	757	708	702	703	666	659	671	719	620	427	443	470	548	566
NET INTEREST INCOME
10,533	10,939	11,096	10,705	10,434	10,726	10,170	9,173	7,608	7,577	7,353	7,135	6,995	7,505	6,976	7,248	7,419	7,191	7,287	7,268	7,456	6,405	4,186	4,182	4,108	4,022	3,789
Provision For Loan Losses
2,500	175	175	350	25	400	25	600	1,500	850	300	300	420	440	450	300	850	1,030	300	375	300	-	-	-	-	-	-
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
8,033	10,764	10,921	10,355	10,409	10,326	10,145	8,573	6,108	6,727	7,053	6,835	6,575	7,065	6,526	6,948	6,569	6,161	6,987	6,893	7,156	6,405	4,186	4,182	4,108	4,022	3,789
NONINTEREST INCOME
Noninterest income
12,329	12,968	13,098	12,669	12,296	12,465	11,764	10,690	8,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Fees on Deposit Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	603	619	606	586	752	632	625	577	590	575	508	455	503	524
Insurance Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	806	676	743	872	896	772	937	931	458	3	2	3	-	-
Other Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	107	112	112	117	135	142	116	121	106	100	104	87	-	-
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106	79
Net Gain on Sales of Loans
127	76	48	50	92	65	52	46	8	69	137	162	90	100	249	185	125	110	205	-28	71	180	74	112	86	82	165
Net (Loss) Gain on Sale of Real Estate Owned or Repossessed Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	22
Net Loss on Sales of Investment Securities
-	0	3	7	-60	-	-	-	-	67	10	70	52	88	22	58	0	-	-	-	-	-	35	-	-	-	-
Change in Fair Value of Marketable Equity Securities
-438	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Change in Fair Value of Equity Securities
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value of Marketable Equity Securities
-	-	-25	109	-	-117	35	44	-25	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain on Purchased Tax Credits
15	8	9	9	9	11	11	11	11	14	14	15	14	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss) on Disposal of Fixed Assets
17	0	0	8	-6	-	-74	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gains on Sales of Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Income from Bank-Owned Life Insurance
139	142	142	134	132	139	135	127	108	116	116	116	116	116	123	119	120	120	119	117	118	99	58	58	58	61	61
Other Income
14	-17	67	70	66	55	16	35	29	18	28	29	30	5	20	45	28	45	35	39	8	7	10	-10	35	-24	25
TOTAL NONINTEREST INCOME
1,870	2,724	2,199	2,399	2,113	2,040	2,088	2,125	2,086	1,940	1,818	1,966	2,076	1,825	1,821	1,868	1,848	2,058	1,905	1,806	1,826	1,465	855	774	724	776	876
NONINTEREST EXPENSE
Salaries and Employee Benefits
4,731	5,040	4,628	4,708	4,937	4,825	4,708	4,865	3,695	3,512	3,512	3,424	3,489	3,179	3,291	3,285	3,369	3,027	3,131	3,187	3,148	2,738	1,893	1,875	1,874	1,735	1,830
Occupancy
733	666	597	663	759	734	855	788	570	476	526	604	548	538	544	438	474	451	428	427	471	344	283	272	319	275	276
Equipment
257	1,088	636	665	296	782	786	632	498	543	464	473	439	422	463	432	422	430	411	399	405	344	275	255	272	250	244
Data Processing
425	-10	225	230	408	182	180	139	129	135	130	131	123	117	125	122	112	113	116	116	111	103	89	66	62	64	65
FDIC Assessment
158	43	5	175	188	223	67	158	136	106	104	82	81	35	112	115	126	90	120	115	138	124	96	96	96	97	95
PA Shares Tax
275	256	226	249	268	197	197	197	199	187	186	186	190	177	138	203	202	166	165	165	183	86	87	87	97	103	102
Contracted Services
378	316	312	361	272	249	273	171	139	129	119	157	132	175	155	156	133	199	156	147	137	187	89	91	96	74	84
Legal and Professional Fees
235	230	117	160	181	196	171	145	140	112	81	102	141	-	140	114	141	-	118	110	131	120	32	115	159	100	80
Advertising
183	255	244	259	117	168	245	211	131	190	197	182	125	176	189	189	165	151	233	221	225	199	88	91	89	68	78
Other Real Estate Owned (Income)
17	22	-13	31	63	-11	-49	19	-7	-	349	-1	-	-138	-4	-10	545	-14	-32	262	-20	-	-	-	-	-	-
Other Real Estate Owned Expense
-	-	-	-	-	-	-	-	-	-	-	-	5	-	-	-	-	-	-	-	-	-	222	-18	-	-	-
Amortization of Intangible Assets
532	438	484	485	532	491	452	400	134	134	134	133	134	134	134	133	134	134	134	133	134	-	-	-	-	-	-
Other Real Estate Owned Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	36
Merger-Related
-	-	-	-	-	0	61	769	24	356	0	0	0	-	-	-	-	-	-	-	-	-	368	665	-	-	-
Other
1,111	1,128	1,003	1,107	984	1,317	1,321	1,038	865	880	793	829	810	810	870	891	781	876	816	777	644	732	512	452	393	500	458
TOTAL NONINTEREST EXPENSE
9,001	9,428	8,490	9,031	8,879	9,375	9,365	9,494	6,667	6,754	5,897	6,304	6,217	6,011	6,165	6,088	5,514	5,787	5,860	5,535	5,747	5,260	4,034	4,047	3,457	3,335	3,348
Income Before Income Tax Expense
902	4,060	4,630	3,723	3,643	2,991	2,868	1,204	1,527	1,913	2,974	2,497	2,434	2,879	2,182	2,728	2,903	2,432	3,032	3,164	3,235	2,610	1,007	909	1,375	1,463	1,317
Income Tax Expense
129	-617	884	744	718	561	576	234	167	538	910	696	730	857	607	790	858	675	904	924	940	875	268	170	296	324	280
NET INCOME
773	4,677	3,746	2,979	2,925	2,430	2,292	970	1,360	1,375	2,064	1,801	1,704	2,022	1,575	1,938	2,045	1,757	2,128	2,240	2,295	1,735	739	739	1,079	1,139	1,037
EARNINGS PER SHARE
Basic (in dollars per share)
0.14	0.86	0.69	0.55	0.54	0.48	0.42	0.19	0.33	0.34	0.50	0.44	0.42	0.50	0.38	0.48	0.50	0.44	0.52	0.55	0.56	0.54	0.32	0.31	0.46	0.46	0.42
Diluted (in dollars per share)
0.14	0.85	0.69	0.55	0.54	0.46	0.42	0.19	0.33	0.33	0.50	0.44	0.42	0.50	0.38	0.48	0.50	0.44	0.52	0.55	0.56	0.54	0.32	0.31	0.46	0.46	0.42
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)
5,431	5,438	5,433	5,433	5,432	5,416	5,414	5,000	4,096	4,089	4,088	4,088	4,087	4,081	4,081	4,081	4,081	4,073	4,071	4,071	4,071	3,493	2,348	2,349	2,344	2,461	2,458
Diluted (in shares)
5,456	5,440	5,458	5,444	5,451	5,451	5,476	5,061	4,134	4,129	4,108	4,105	4,098	4,090	4,087	4,084	4,081	4,073	4,071	4,071	4,071	3,484	2,348	2,352	2,354	2,476	2,475
Deposit Account [Member]
Noninterest income
603	955	811	798	592	794	866	719	591	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance Commissions [Member]
Noninterest income
1,283	1,305	985	1,083	1,151	1,032	920	880	931	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Noninterest income
110	169	159	131	117	124	127	263	433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-