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

47,558

45,350

43,335

40,906

38,767

36,537

0

0

0

0

0

Interest on interest earning deposits with other banks

1,973

2,423

2,429

2,401

1,985

1,432

0

0

0

0

0

Interest on investment securities

601

635

636

624

619

618

0

0

0

0

0

Dividends on other investments

181

179

164

172

159

156

0

0

0

0

0

Total interest income

50,313

48,587

46,564

44,103

41,530

38,743

0

0

0

0

0

INTEREST EXPENSE
Interest on deposits

5,920

5,802

5,223

4,639

3,931

3,141

0

0

0

0

0

Interest on borrowed funds

785

774

773

775

793

785

0

0

0

0

0

Total interest expense

6,705

6,576

5,996

5,414

4,724

3,926

0

0

0

0

0

Net interest income

43,608

42,011

40,568

38,689

36,806

34,817

0

0

0

0

0

PROVISION FOR LOAN LOSSES

3,582

2,544

2,149

2,020

1,865

1,826

0

0

0

0

-

Net interest income after provision for loan losses

40,026

39,467

38,419

36,669

34,941

32,991

0

0

0

0

0

NONINTEREST INCOME
Sublease and lease income

78

58

46

40

34

81

0

0

0

0

0

Gain on sales of loans, net

-

490

612

243

189

264

0

0

0

0

0

Gain on sale of securities, net

-

-

0

-

-

-

-

-

-

-

-

Other income

516

487

464

470

482

519

0

0

0

0

0

Total noninterest income

8,945

8,258

7,805

7,263

6,344

5,467

0

0

0

0

0

NONINTEREST EXPENSE
Salaries and employee benefits

20,084

18,959

18,412

17,468

16,849

16,026

0

0

0

0

0

Occupancy

3,708

3,775

3,697

3,611

3,485

3,314

0

0

0

0

0

Data processing

2,103

2,081

2,036

2,028

2,021

1,971

0

0

0

0

0

Director and staff expenses

1,030

1,000

906

878

797

701

0

0

0

0

0

Excise taxes

757

719

684

646

600

559

0

0

0

0

0

Marketing

411

393

438

450

428

391

0

0

0

0

0

Legal and professional fees

1,017

1,103

1,197

1,169

1,006

677

0

0

0

0

0

Federal Deposit Insurance Corporation (FDIC) assessments

0

-

0

-

0

-

0

-

-

-

-

Federal Deposit Insurance Corporation (FDIC) assessments

-

-

-

340

-

-

-

0

0

0

0

Business development

454

431

405

364

340

326

0

0

0

0

0

Other expense

2,677

2,418

2,210

2,146

2,000

1,956

0

0

0

0

0

Total noninterest expense

32,420

31,063

30,238

29,100

27,811

26,216

0

0

0

0

0

Income before provision for income taxes

16,551

16,662

15,986

14,832

13,474

12,242

0

0

0

0

0

PROVISION FOR INCOME TAXES

3,434

3,461

3,338

3,093

2,808

2,541

0

0

0

0

0

NET INCOME

13,117

13,201

12,648

11,739

10,666

9,701

0

0

0

0

0

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

3,104

3,107

3,105

3,110

3,100

3,061

0

0

0

-

-

Loan Referral Fees
Noninterest income

1,858

1,438

1,271

1,480

1,121

618

0

0

0

-

-

BaaS Fees
Noninterest income

0

-

-

-

0

-

-

-

-

-

-

Wholesale Banking Service Fees
Noninterest income

-

-

1,732

1,318

-

-

0

0

-

-

-

Mortgage Broker Fees
Noninterest income

524

447

393

305

263

215

0

0

0

-

-