Capital bancorp inc (CBNK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Interest income
Loans, including fees

21,074

21,757

21,900

19,804

17,844

17,774

16,955

16,232

16,268

Investment securities available for sale

340

216

215

234

259

254

272

276

239

Federal funds sold and other

330

420

239

251

215

221

220

259

157

Total interest income

21,744

22,393

22,354

20,289

18,318

18,249

17,447

16,767

16,664

Interest expense
Deposits, includes payments to related parties of $383 and $519 for the three months ended March 31, 2020 and March 31, 2019, respectively.

3,613

3,802

3,449

3,195

3,243

2,917

2,616

2,309

1,950

Borrowed funds

444

538

721

563

331

443

339

336

329

Total interest expense

4,057

4,340

4,170

3,758

3,574

3,360

2,955

2,645

2,279

Net interest income

17,687

18,053

18,184

16,531

14,744

14,889

14,492

14,122

14,385

Provision for Loan Losses Expensed

2,409

-

-

-

121

-

-

-

-

Provision for loan losses

-

-

1,071

677

-

500

495

630

515

Net interest income after provision for loan losses

15,278

17,131

17,113

15,854

14,623

14,389

13,997

13,492

13,870

Noninterest income
Gain (loss) on sale of investment securities available for sale

-

-

0

26

-

-

0

1

-

Loss on sale of investment securities available for sale

-

-

-

-

-

-

-

-

-3

Other fees and charges

405

73

116

78

126

109

74

160

71

Total noninterest income

6,579

7,278

7,221

5,927

4,092

3,467

4,240

4,339

4,078

Noninterest expenses
Salaries and employee benefits

8,457

8,450

9,238

8,111

6,787

6,081

6,571

6,211

6,301

Occupancy and equipment

1,178

1,053

1,111

1,102

1,094

1,078

1,070

1,088

1,083

Professional fees

770

919

724

609

619

759

520

471

374

Data processing

4,117

4,290

4,193

3,716

3,313

3,325

3,636

3,540

3,683

Advertising

636

508

584

531

443

348

358

331

423

Loan processing

447

615

634

340

305

266

202

348

261

Other real estate owned expenses, net

45

65

7

28

22

-10

7

7

24

Other operating

2,193

1,857

1,737

1,773

1,747

1,248

1,536

1,532

1,451

Total noninterest expenses

17,843

17,757

18,228

16,210

14,330

13,095

13,900

13,528

13,600

Income before income taxes

4,014

6,652

6,106

5,571

4,385

4,761

4,337

4,303

4,348

Income tax expense

1,080

1,580

1,625

1,548

1,066

1,276

1,190

1,158

1,358

Net Income (Loss) Attributable to Parent

2,934

5,072

4,481

4,023

3,319

3,485

3,147

3,145

2,990

Basic earnings per share (in dollars per share)

0.21

0.36

0.33

0.30

0.24

0.25

0.27

0.27

0.26

Diluted earnings per share (in dollars per share)

0.21

0.36

0.32

0.29

0.24

0.25

0.26

0.26

0.25

Weighted average common shares outstanding:
Basic (in shares)

13,876

13,783

13,727

13,718

13,702

13,571

11,719

11,610

11,563

Diluted (in shares)

14,075

14,096

13,986

13,914

13,877

13,785

12,102

11,994

11,966

Service charges on deposits
Noninterest income

149

160

146

138

98

119

123

117

125

Credit card fees
Noninterest income

2,008

2,081

2,059

1,970

1,492

1,438

1,592

1,562

1,456

Mortgage banking revenue
Noninterest income

4,017

4,964

4,900

3,715

2,376

2,098

2,451

2,499

2,429