Charter financial corp (CHFN)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Jun'12Mar'12
Interest income:
Loans receivable

15,168

15,102

14,771

13,583

12,276

11,903

12,569

12,680

12,563

8,863

9,441

9,542

8,988

8,939

8,904

9,439

8,833

8,575

8,154

8,846

9,642

10,147

10,179

10,782

11,644

Taxable investment securities

1,021

995

1,064

1,060

1,036

1,103

1,095

938

922

934

946

-

911

-

-

-

-

-

-

-

-

-

-

-

-

Nontaxable investment securities

3

3

3

4

4

4

4

4

6

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage-backed securities and collateralized mortgage obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

793

830

-

871

953

968

909

816

738

730

882

871

Federal Home Loan Bank stock

57

52

51

42

39

40

39

40

38

36

38

33

35

36

36

32

35

37

30

27

29

30

34

34

30

Other investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

153

44

-

18

19

18

38

41

39

55

66

68

Interest-earning deposits in other financial institutions

612

485

361

333

235

213

110

103

46

54

12

7

25

18

41

64

97

84

85

102

123

49

51

37

26

Certificates of deposit held at other financial institutions

17

20

25

34

30

38

42

50

54

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Restricted securities

3

3

3

2

2

2

2

2

2

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of FDIC loss share receivable

-

-

-

-

-

-

-

-

-

-

-

0

596

901

888

1,910

849

746

0

-

0

0

-

-

-

Total interest income

16,884

16,664

16,279

15,062

13,626

13,306

13,865

13,822

13,634

9,888

10,439

10,519

9,364

9,039

8,968

8,459

9,006

8,923

9,257

9,925

10,653

11,005

11,051

11,805

12,642

Interest expense:
Deposits

1,596

1,474

1,463

1,286

1,182

1,165

1,158

1,117

977

692

665

663

672

658

732

775

790

804

885

935

1,001

1,088

1,217

1,442

1,712

Borrowings

367

363

371

344

327

362

386

386

470

545

552

-

545

-

-

-

-

-

-

-

-

-

-

-

-

Floating rate junior subordinated debt

149

140

137

131

129

123

120

117

103

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

577

602

-

595

625

650

726

741

812

837

828

1,138

Total interest expense

2,113

1,978

1,972

1,762

1,639

1,651

1,666

1,622

1,551

1,237

1,218

1,223

1,217

1,236

1,335

1,377

1,385

1,430

1,536

1,661

1,743

1,901

2,054

2,271

2,850

Net interest income

14,770

14,686

14,307

13,300

11,987

11,654

12,199

12,199

12,082

8,650

9,221

9,296

8,146

7,803

7,633

7,082

7,620

7,493

7,721

8,263

8,910

9,104

8,996

9,533

9,791

Provision for loan losses

0

-350

0

0

0

-150

-750

-150

-100

0

0

0

0

-4

4

-

-

-

-

-

-

-

-

-

-

Provision for loan losses, not covered under FDIC loss sharing agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

300

-

500

300

300

300

300

Provision for covered loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-834

-53

2

-

-

-42

94

75

290

Provision for covered loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

-

-

-

-

Net interest income after provision for loan losses

14,770

15,036

14,307

13,300

11,987

11,804

12,949

12,349

12,182

8,650

9,221

9,296

8,146

7,807

7,629

7,209

8,455

7,547

7,419

7,968

8,368

8,846

8,602

9,158

9,201

Noninterest income:
Service charges on deposit accounts

2,097

-

-

-

1,972

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

1,982

2,113

-

-

1,700

1,887

1,860

1,810

1,620

1,752

1,690

1,663

1,512

1,581

1,551

1,463

1,371

1,428

1,363

1,277

1,285

1,389

1,715

1,619

Bankcard fees

1,690

1,542

1,459

1,418

1,443

1,366

1,282

1,318

1,299

1,189

1,145

1,075

1,015

993

947

960

906

863

827

647

637

592

560

-

-

Gain on investment securities available for sale

0

0

1

0

0

247

0

0

12

0

35

0

0

-27

0

0

200

0

0

29

0

0

219

0

-

Total impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

243

Portion of losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-70

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

173

Gain (loss) on sale of other assets held for sale

0

0

265

-

0

0

-38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank owned life insurance

338

368

322

310

305

246

332

332

327

244

320

320

321

279

324

326

278

339

307

299

211

227

255

263

260

Gain on sale of loans

563

457

619

601

542

542

731

808

602

359

347

458

435

351

367

366

298

266

172

191

407

385

349

261

161

Loan servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

69

119

Brokerage commissions

216

163

172

149

185

224

165

198

163

146

141

164

210

202

154

137

124

183

144

119

153

174

140

222

139

Recoveries on acquired loans previously covered under FDIC-assisted acquisitions

0

0

0

162

0

0

250

0

0

750

2,875

0

0

0

0

-

-

-

-

-

-

-

-

-

-

FDIC receivable for loss sharing agreements accretion

-

-

-

-

-

-

-

-

-

-

-

-

19

27

47

-

68

82

-89

-185

-114

186

147

250

455

Other

316

448

437

308

189

216

371

398

486

202

210

314

150

111

142

601

-104

109

1,326

418

90

125

64

133

-23

Total noninterest income

5,224

4,963

5,391

5,070

4,639

4,546

4,982

4,917

4,702

4,512

6,830

1,496

3,816

3,450

3,565

3,708

3,235

3,216

4,116

2,802

2,662

2,977

3,211

2,916

2,558

Noninterest expenses:
Salaries and employee benefits

7,049

7,022

7,008

7,688

6,530

6,078

6,133

6,634

8,470

5,287

5,262

5,585

5,034

5,077

5,014

5,241

4,969

4,851

4,700

4,955

4,460

4,366

4,675

5,270

4,617

Occupancy

1,549

1,605

1,477

1,502

1,156

1,219

1,323

1,397

1,534

1,150

1,057

-1,259

1,926

1,838

1,875

-1,213

1,863

1,873

1,892

1,978

1,845

1,717

1,760

1,898

2,013

Data processing

1,279

1,425

1,152

1,925

1,091

1,003

908

903

1,654

1,045

824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal and professional

293

218

266

808

384

387

284

462

793

678

379

404

352

385

240

371

369

386

553

647

458

493

323

341

447

Marketing

437

477

329

479

383

411

356

421

500

379

289

701

305

367

265

618

339

336

299

367

335

323

268

526

494

Federal insurance premiums and other regulatory fees

203

307

188

198

198

197

165

239

185

210

223

191

189

179

195

190

199

250

251

233

254

-142

245

389

365

Net cost (benefit) of operations of real estate owned

-8

-0

49

40

-18

-13

359

309

75

-71

21

19

29

-141

57

-59

-87

2

-288

-39

22

-1,191

192

-730

-626

Furniture and equipment

242

305

239

275

202

228

174

239

301

161

168

278

229

223

150

177

225

158

166

213

203

210

201

245

259

Postage, office supplies and printing

201

224

231

211

224

223

270

276

236

170

184

186

222

224

240

219

239

180

225

275

282

277

246

280

252

Core deposit intangible amortization expense

168

190

190

139

117

149

153

157

172

36

48

60

64

68

74

79

94

99

106

111

116

120

127

141

133

Merger-related expenses

843

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

989

957

835

1,196

790

835

878

928

1,291

712

659

922

756

557

736

737

646

443

714

646

829

1,197

667

1,668

741

Total noninterest expenses

13,266

12,735

11,871

14,386

11,097

10,749

10,289

11,353

15,063

9,902

9,078

9,982

9,050

9,063

8,735

9,394

9,035

8,580

9,200

9,468

8,763

9,756

8,324

11,493

9,951

Income before income taxes

6,727

7,263

7,827

3,983

5,529

5,601

7,642

5,914

1,821

3,260

6,973

810

2,912

2,195

2,459

1,522

2,655

2,183

2,335

1,302

2,267

2,066

3,488

581

1,808

Income tax expense

2,081

2,013

3,430

1,424

2,015

2,284

2,597

2,103

526

1,117

2,359

257

1,000

761

785

480

870

692

698

382

649

682

1,154

-897

547

Net income

-

-

-

-

-

-

-

-

-

-

4,614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

4,646

5,249

4,397

-

3,513

3,316

5,045

-

1,295

2,143

-

-

1,911

1,434

1,673

-

1,785

1,490

1,637

919

1,617

1,384

2,334

1,478

1,260

Basic net income per share (in dollars per share)

0.32

0.36

0.31

0.18

0.24

0.23

0.36

0.28

0.09

0.15

0.31

0.04

0.12

0.09

0.10

0.06

0.09

0.07

0.07

0.04

0.07

0.07

0.12

0.08

0.06

Diluted net income per share (in dollars per share)

0.30

0.34

0.29

0.17

0.23

0.22

0.33

0.26

0.09

0.14

0.30

0.03

0.12

0.09

0.10

0.05

0.09

0.07

0.07

0.04

0.07

0.07

0.12

0.08

0.06

Weighted average number of common shares outstanding (in shares)

14,544

14,521

14,408

14,383

14,353

14,322

14,207

14,189

14,184

14,224

14,885

15,298

15,559

15,835

16,175

17,910

20,746

21,701

22,006

22,020

21,747

19,374

19,375

19,433

19,498

Weighted average number of common and potential common shares outstanding (in shares)

15,413

15,371

15,235

14,951

15,256

15,340

15,064

14,636

14,841

14,909

15,545

16,303

16,210

16,375

16,709

18,352

21,300

22,223

22,527

22,449

21,878

19,415

19,425

19,476

19,538