CB Financial Services, Inc. CBFV Income Statement

Cb financial services, inc. (CBFV)

Income statement / TTM

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
43,507	43,176	42,760	41,820	40,404	37,942	34,969	32,384	30,356	29,527	29,493	29,127	29,221	29,576	29,219	29,516	29,578	29,562	28,704	25,391	22,028	18,515	16,058	15,751	0	0	0
Investment Securities:
Federal Funds Sold
-	-	610	507	-	-	192	203	190	199	129	68	35	24	16	17	15	12	20	23	25	27	20	17	0	0	0
Taxable
5,533	5,649	5,525	5,222	4,820	3,937	3,022	2,206	1,604	1,531	1,453	1,354	1,275	1,238	1,173	1,123	1,041	959	933	883	872	862	818	836	0	0	0
Tax-Exempt
506	608	757	871	942	970	1,084	995	911	892	892	924	971	1,014	1,054	1,071	1,079	1,115	1,153	1,193	1,267	1,326	1,399	1,449	0	0	0
Dividends
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Interest and Dividend Income
1,432	1,512	1,188	1,086	965	707	375	303	289	285	248	213	185	166	151	148	151	269	275	262	246	111	91	75	0	0	0
TOTAL INTEREST AND DIVIDEND INCOME
51,064	51,031	50,528	49,194	47,215	43,626	39,642	36,091	33,350	32,434	32,215	31,686	31,687	32,018	31,613	31,875	31,864	31,917	31,085	27,752	24,438	20,841	18,386	18,128	0	0	0
INTEREST EXPENSE
Deposits
7,265	7,303	7,003	6,537	5,899	4,968	4,133	3,455	2,944	2,811	2,656	2,493	2,378	2,284	2,252	2,272	2,306	2,343	2,322	2,133	1,944	1,775	1,701	1,802	0	0	0
Short-Term Borrowings
0	-	-	-	567	522	0	0	0	-	0	1	1	2	3	2	2	2	2	2	2	2	3	4	0	0	0
Short-Term Borrowings
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-Term Borrowings
-	-	-	-	-	-	-	-	260	82	82	83	78	73	72	67	67	83	89	84	80	59	47	50	0	0	0
Other Borrowings
340	367	373	410	443	459	484	476	472	481	489	498	506	511	452	389	324	287	256	218	183	124	137	171	0	0	0
TOTAL INTEREST EXPENSE
7,791	7,857	7,567	7,159	6,712	5,949	5,114	4,380	3,677	3,374	3,227	3,075	2,963	2,870	2,779	2,730	2,699	2,715	2,669	2,437	2,209	1,960	1,888	2,027	0	0	0
NET INTEREST INCOME
43,273	43,174	42,961	42,035	40,503	37,677	34,528	31,711	29,673	29,060	28,988	28,611	28,724	29,148	28,834	29,145	29,165	29,202	28,416	25,315	22,229	18,881	16,498	16,101	0	0	0
Provision For Loan Losses
3,200	725	950	800	1,050	2,525	2,975	3,250	2,950	1,870	1,460	1,610	1,610	2,040	2,630	2,480	2,555	2,005	0	0	0	-	-	-	-	-	-
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
40,073	42,449	42,011	41,235	39,453	35,152	31,553	28,461	26,723	27,190	27,528	27,001	27,114	27,108	26,204	26,665	26,610	27,197	27,441	24,640	21,929	18,881	16,498	16,101	0	0	0
NONINTEREST INCOME
Noninterest income
51,064	51,031	50,528	49,194	47,215	43,626	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Fees on Deposit Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	2,414	2,563	2,576	2,595	2,586	2,424	2,367	2,250	2,128	2,041	1,990	0	0	0
Insurance Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	3,097	3,187	3,283	3,477	3,536	3,098	2,329	1,394	466	0	0	0	-	-
Other Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	448	476	506	510	514	485	443	431	397	0	0	0	-	-
Commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net Gain on Sales of Loans
301	266	255	259	255	171	175	260	376	458	489	601	624	659	669	625	412	358	428	297	437	452	354	445	0	0	0
Net (Loss) Gain on Sale of Real Estate Owned or Repossessed Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net Loss on Sales of Investment Securities
-	-50	0	0	0	-	-	-	-	199	220	232	220	168	0	0	0	-	-	-	-	-	0	-	-	-	-
Change in Fair Value of Marketable Equity Securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Change in Fair Value of Equity Securities
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value of Marketable Equity Securities
-	-	-13	47	-	-63	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gain on Purchased Tax Credits
41	35	38	40	42	44	47	50	54	57	43	29	14	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Gain (Loss) on Disposal of Fixed Assets
25	2	-72	0	0	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Gains on Sales of Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Income from Bank-Owned Life Insurance
557	550	547	540	533	509	486	467	456	464	464	471	474	478	482	478	476	474	453	392	333	273	235	238	0	0	0
Other Income
134	186	258	207	172	135	98	110	104	105	92	84	100	98	138	153	147	127	89	64	15	42	11	26	0	0	0
TOTAL NONINTEREST INCOME
9,192	9,435	8,751	8,640	8,366	8,339	8,239	7,969	7,810	7,800	7,685	7,688	7,590	7,362	7,595	7,679	7,617	7,595	7,002	5,952	4,920	3,818	3,129	3,150	0	0	0
NONINTEREST EXPENSE
Salaries and Employee Benefits
19,107	19,313	19,098	19,178	19,335	18,093	16,780	15,584	14,143	13,937	13,604	13,383	13,244	13,124	12,972	12,812	12,714	12,493	12,204	10,966	9,654	8,380	7,377	7,314	0	0	0
Occupancy
2,659	2,685	2,753	3,011	3,136	2,947	2,689	2,360	2,176	2,154	2,216	2,234	2,068	1,994	1,907	1,791	1,780	1,777	1,670	1,525	1,370	1,218	1,149	1,142	0	0	0
Equipment
2,646	2,685	2,379	2,529	2,496	2,698	2,459	2,137	1,978	1,919	1,798	1,797	1,756	1,739	1,747	1,695	1,662	1,645	1,559	1,423	1,279	1,146	1,052	1,021	0	0	0
Data Processing
870	853	1,045	1,000	909	630	583	533	525	519	501	496	487	476	472	463	457	456	446	419	369	320	281	257	0	0	0
FDIC Assessment
381	411	591	653	636	584	467	504	428	373	302	310	343	388	443	451	451	463	497	473	454	412	385	384	0	0	0
PA Shares Tax
1,006	999	940	911	859	790	780	769	758	749	739	691	708	720	709	736	698	679	599	521	443	357	374	389	0	0	0
Contracted Services
1,367	1,261	1,194	1,155	965	832	712	558	544	537	583	619	618	619	643	644	635	639	627	560	504	463	350	345	0	0	0
Legal and Professional Fees
742	688	654	708	693	652	568	478	435	436	0	0	0	-	531	509	505	-	479	393	398	426	406	454	0	0	0
Advertising
941	875	788	789	741	755	777	729	700	694	680	672	679	719	694	738	770	830	878	733	603	467	336	326	0	0	0
Other Real Estate Owned (Income)
57	103	70	34	22	-48	0	0	0	-	0	0	-	393	517	489	761	196	0	0	0	-	-	-	-	-	-
Other Real Estate Owned Expense
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Amortization of Intangible Assets
1,939	1,939	1,992	1,960	1,875	1,477	1,120	802	535	535	535	535	535	535	535	535	535	535	0	0	0	-	-	-	-	-	-
Other Real Estate Owned Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Merger-Related
-	-	-	-	-	854	1,210	1,149	380	356	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Other
4,349	4,222	4,411	4,729	4,660	4,541	4,104	3,576	3,367	3,312	3,242	3,319	3,381	3,352	3,418	3,364	3,250	3,113	2,969	2,665	2,340	2,089	1,857	1,803	0	0	0
TOTAL NONINTEREST EXPENSE
35,950	35,828	35,775	36,650	37,113	34,901	32,280	28,812	25,622	25,172	24,429	24,697	24,481	23,778	23,554	23,249	22,696	22,929	22,402	20,576	19,088	16,798	14,873	14,187	0	0	0
Income Before Income Tax Expense
13,315	16,056	14,987	13,225	10,706	8,590	7,512	7,618	8,911	9,818	10,784	9,992	10,223	10,692	10,245	11,095	11,531	11,863	12,041	10,016	7,761	5,901	4,754	5,064	0	0	0
Income Tax Expense
1,140	1,729	2,907	2,599	2,089	1,538	1,515	1,849	2,311	2,874	3,193	2,890	2,984	3,112	2,930	3,227	3,361	3,443	3,643	3,007	2,253	1,609	1,058	1,070	0	0	0
NET INCOME
12,175	14,327	12,080	10,626	8,617	7,052	5,997	5,769	6,600	6,944	7,591	7,102	7,239	7,580	7,315	7,868	8,170	8,420	8,398	7,009	5,508	4,292	3,696	3,994	0	0	0
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
3,167	3,156	2,995	3,050	2,971	2,970	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance Commissions [Member]
Noninterest income
4,656	4,524	4,251	4,186	3,983	3,763	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Noninterest income
569	576	531	499	631	947	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-