Coastal financial corp (CCB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Sep'17Jun'17
INTEREST AND DIVIDEND INCOME
Interest and fees on loans

12,627

12,323

11,691

10,917

10,419

10,308

9,262

8,778

8,189

7,908

7,557

Interest on interest earning deposits with other banks

358

477

486

652

808

483

458

236

255

171

149

Interest on investment securities

119

154

168

160

153

155

156

155

152

135

132

Dividends on other investments

16

80

10

75

14

65

18

62

11

3

63

Total interest income

13,120

13,034

12,355

11,804

11,394

11,011

9,894

9,231

8,607

8,217

7,901

INTEREST EXPENSE
Interest on deposits

1,554

1,511

1,435

1,420

1,436

932

851

712

646

540

492

Interest on borrowed funds

202

192

193

198

191

191

195

216

183

192

185

Total interest expense

1,756

1,703

1,628

1,618

1,627

1,123

1,046

928

829

732

677

Net interest income

11,364

11,331

10,727

10,186

9,767

9,888

8,848

8,303

7,778

7,485

7,224

PROVISION FOR LOAN LOSSES

1,578

820

637

547

540

425

508

392

501

65

-

Net interest income after provision for loan losses

9,786

10,511

10,090

9,639

9,227

9,463

8,340

7,911

7,277

7,420

7,224

NONINTEREST INCOME
Sublease and lease income

30

22

16

10

10

10

10

4

57

56

55

Gain on sales of loans, net

-

0

369

132

-11

122

0

78

64

18

58

Gain on sale of securities, net

-

-

171

-

-

-

-

-

-

-

-

Other income

124

128

141

123

95

105

147

135

132

137

140

Total noninterest income

2,671

2,054

2,088

2,132

1,984

1,601

1,546

1,213

1,107

1,250

1,020

NONINTEREST EXPENSE
Salaries and employee benefits

5,683

4,901

4,971

4,529

4,558

4,354

4,027

3,910

3,735

3,491

3,174

Occupancy

927

967

884

930

994

889

798

804

823

784

740

Data processing

551

544

509

499

529

499

501

492

479

463

447

Director and staff expenses

270

302

241

217

240

208

213

136

144

172

137

Excise taxes

203

190

184

180

165

155

146

134

124

119

112

Marketing

112

93

98

108

94

138

110

86

57

148

83

Legal and professional fees

323

231

170

293

409

325

142

130

80

87

104

Federal Deposit Insurance Corporation (FDIC) assessments

70

-

-4

-

75

-

83

-

-

-

-

Federal Deposit Insurance Corporation (FDIC) assessments

-

-

-

134

-

-

-

79

85

90

78

Business development

125

111

122

96

102

85

81

72

88

68

60

Other expense

755

692

573

657

496

484

509

511

452

387

528

Total noninterest expense

9,019

8,010

7,748

7,643

7,662

7,185

6,610

6,354

6,067

5,809

5,463

Income before provision for income taxes

3,438

4,555

4,430

4,128

3,549

3,879

3,276

2,770

2,317

2,861

2,781

PROVISION FOR INCOME TAXES

714

947

919

854

741

824

674

569

474

957

905

NET INCOME

2,724

3,608

3,511

3,274

2,808

3,055

2,602

2,201

1,843

1,904

1,876

Basic earnings per common share

0.23

0.29

0.30

0.28

0.24

0.26

0.23

0.24

0.20

0.21

-

Diluted earnings per common share

0.22

0.29

0.29

0.27

0.23

0.25

0.22

0.24

0.20

0.21

-

Basic and diluted earnings per share

-

-

-

-

-

-

-

-

-

-

0.20

Weighted average number of common shares outstanding:
Basic

11,909

11,904

11,901

11,895

11,884

11,917

11,338

9,265

9,241

9,235

9,233

Diluted

12,208

12,210

12,188

12,202

12,183

12,292

11,609

9,284

9,247

9,238

9,236

Deposit Service Charges and Fees
Noninterest income

723

805

795

781

726

803

800

771

687

-

-

Loan Referral Fees
Noninterest income

1,053

332

0

473

633

165

209

114

130

-

-

BaaS Fees
Noninterest income

579

-

-

-

446

-

-

-

-

-

-

Wholesale Banking Service Fees
Noninterest income

-

-

456

502

-

-

328

42

-

-

-

Mortgage Broker Fees
Noninterest income

162

111

140

111

85

57

52

69

37

-

-