Capital Bancorp Inc CBNK Income Statement

Capital bancorp inc (CBNK)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18
Interest income
Loans, including fees
84,535	81,305	77,322	72,377	68,805	67,229	0	0	0
Investment securities available for sale
1,005	924	962	1,019	1,061	1,041	0	0	0
Federal funds sold and other
1,240	1,125	926	907	915	857	0	0	0
Total interest income
86,780	83,354	79,210	74,303	70,781	69,127	0	0	0
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.
14,059	13,689	12,804	11,971	11,085	9,792	0	0	0
Borrowed funds
2,266	2,153	2,058	1,676	1,449	1,447	0	0	0
Total interest expense
16,325	15,842	14,862	13,647	12,534	11,239	0	0	0
Net interest income
70,455	67,512	64,348	60,656	58,247	57,888	0	0	0
Provision for Loan Losses Expensed
0	-	-	-	0	-	-	-	-
Provision for loan losses
-	-	2,369	1,793	-	2,140	0	0	0
Net interest income after provision for loan losses
65,376	64,721	61,979	58,863	56,501	55,748	0	0	0
Noninterest income
Gain (loss) on sale of investment securities available for sale
-	-	0	0	-	-	0	0	-
Loss on sale of investment securities available for sale
-	-	-	-	-	-	-	-	0
Other fees and charges
672	393	429	387	469	414	0	0	0
Total noninterest income
27,005	24,518	20,707	17,726	16,138	16,124	0	0	0
Noninterest expenses
Salaries and employee benefits
34,256	32,586	30,217	27,550	25,650	25,164	0	0	0
Occupancy and equipment
4,444	4,360	4,385	4,344	4,330	4,319	0	0	0
Professional fees
3,022	2,871	2,711	2,507	2,369	2,124	0	0	0
Data processing
16,316	15,512	14,547	13,990	13,814	14,184	0	0	0
Advertising
2,259	2,066	1,906	1,680	1,480	1,460	0	0	0
Loan processing
2,036	1,894	1,545	1,113	1,121	1,077	0	0	0
Other real estate owned expenses, net
145	122	47	47	26	28	0	0	0
Other operating
7,560	7,114	6,505	6,304	6,063	5,767	0	0	0
Total noninterest expenses
70,038	66,525	61,863	57,535	54,853	54,123	0	0	0
Income before income taxes
22,343	22,714	20,823	19,054	17,786	17,749	0	0	0
Income tax expense
5,833	5,819	5,515	5,080	4,690	4,982	0	0	0
Net Income (Loss) Attributable to Parent
16,510	16,895	15,308	13,974	13,096	12,767	0	0	0
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
593	542	501	478	457	484	0	0	0
Credit card fees
Noninterest income
8,118	7,602	6,959	6,492	6,084	6,048	0	0	0
Mortgage banking revenue
Noninterest income
17,596	15,955	13,089	10,640	9,424	9,477	0	0	0