CHARTER FINANCIAL CORP CHFN Income Statement

Charter financial corp (CHFN)

Income statement / TTM

Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Jun'12	Mar'12
Interest income:
Loans receivable
58,626	55,734	52,535	50,333	49,429	49,717	46,677	43,548	40,411	36,836	36,912	36,375	36,272	36,117	35,753	35,003	34,410	35,219	36,790	38,815	40,752	42,754	0	0	0
Taxable investment securities
4,141	4,156	4,264	4,296	4,174	4,060	3,891	3,742	3,715	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Nontaxable investment securities
14	15	16	18	18	20	16	11	6	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage-backed securities and collateralized mortgage obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,703	3,648	3,433	3,194	3,167	3,223	0	0	0
Federal Home Loan Bank stock
204	186	174	162	160	158	154	154	147	144	145	142	141	141	141	134	130	124	118	122	129	131	0	0	0
Other investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	95	118	138	175	203	230	0	0	0
Interest-earning deposits in other financial institutions
1,792	1,416	1,144	893	663	474	315	216	120	100	64	93	149	221	286	331	369	396	361	328	263	165	0	0	0
Certificates of deposit held at other financial institutions
97	111	129	147	163	186	148	105	54	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Restricted securities
12	12	11	11	10	10	7	5	2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of FDIC loss share receivable
-	-	-	-	-	-	-	-	-	-	-	2,387	4,297	4,551	4,395	3,507	1,596	746	0	-	0	0	-	-	-
Total interest income
64,890	61,633	58,275	55,861	54,621	54,628	51,210	47,784	44,481	40,211	39,363	37,892	35,833	35,475	35,359	35,647	37,113	38,760	40,842	42,636	44,516	46,504	0	0	0
Interest expense:
Deposits
5,820	5,406	5,097	4,792	4,624	4,418	3,945	3,452	2,998	2,693	2,659	2,727	2,839	2,956	3,102	3,255	3,415	3,626	3,910	4,242	4,750	5,462	0	0	0
Borrowings
1,446	1,407	1,406	1,422	1,464	1,607	1,789	1,955	2,113	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Floating rate junior subordinated debt
558	538	521	504	491	465	342	221	103	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,598	2,744	2,931	3,118	3,220	3,616	0	0	0
Total interest expense
7,826	7,351	7,025	6,719	6,579	6,491	6,077	5,629	5,230	4,897	4,895	5,012	5,167	5,335	5,529	5,729	6,013	6,371	6,842	7,361	7,971	9,078	0	0	0
Net interest income
57,064	54,281	51,249	49,141	48,041	48,137	45,132	42,154	39,250	35,314	34,467	32,879	30,665	30,140	29,830	29,917	31,099	32,389	33,999	35,275	36,545	37,425	0	0	0
Provision for loan losses
-350	-350	-150	-900	-1,050	-1,150	-1,000	-250	-100	0	-4	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Provision for loan losses, not covered under FDIC loss sharing agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,400	1,200	0	0	0
Provision for covered loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	417	0	0	0
Provision for covered loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net interest income after provision for loan losses
57,414	54,631	51,399	50,041	49,091	49,287	46,132	42,404	39,350	35,314	34,471	32,879	30,792	31,101	30,840	30,630	31,389	31,303	32,602	33,785	34,975	35,808	0	0	0
Noninterest income:
Service charges on deposit accounts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	8,149	7,867	-	-	7,259	7,178	7,043	6,873	6,726	6,619	6,449	6,310	6,110	5,969	5,815	5,627	5,440	5,355	5,316	5,667	6,010	0	0	0
Bankcard fees
6,110	5,863	5,687	5,510	5,410	5,267	5,090	4,953	4,710	4,426	4,230	4,032	3,916	3,807	3,677	3,556	3,243	2,975	2,704	2,437	0	0	0	-	-
Gain on investment securities available for sale
1	1	248	247	247	260	12	48	48	35	8	-27	-27	173	201	200	230	29	29	249	220	0	0	0	-
Total impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Portion of losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain (loss) on sale of other assets held for sale
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
1,340	1,307	1,185	1,195	1,217	1,239	1,237	1,225	1,213	1,207	1,241	1,245	1,251	1,208	1,268	1,252	1,224	1,158	1,046	993	958	1,006	0	0	0
Gain on sale of loans
2,241	2,220	2,306	2,418	2,625	2,684	2,501	2,118	1,768	1,601	1,593	1,612	1,519	1,383	1,298	1,103	929	1,037	1,156	1,334	1,403	1,158	0	0	0
Loan servicing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Brokerage commissions
702	671	732	726	774	753	675	650	617	663	719	732	705	618	600	590	572	601	592	588	690	677	0	0	0
Recoveries on acquired loans previously covered under FDIC-assisted acquisitions
162	162	162	412	250	250	1,000	3,625	3,625	3,625	2,875	0	0	0	0	-	-	-	-	-	-	-	-	-	-
FDIC receivable for loss sharing agreements accretion
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-124	-307	-204	33	469	1,039	0	0	0
Other
1,511	1,385	1,153	1,086	1,177	1,473	1,459	1,298	1,214	878	788	719	1,006	751	748	1,932	1,749	1,944	1,960	698	414	299	0	0	0
Total noninterest income
20,649	20,064	19,647	19,238	19,086	19,149	19,116	20,964	17,542	16,656	15,593	12,329	14,541	13,960	13,726	14,277	13,370	12,797	12,558	11,652	11,767	11,663	0	0	0
Noninterest expenses:
Salaries and employee benefits
28,768	28,249	27,306	26,431	25,377	27,317	26,526	25,655	24,606	21,170	20,960	20,712	20,367	20,302	20,076	19,763	19,477	18,968	18,483	18,458	18,772	18,930	0	0	0
Occupancy
6,135	5,742	5,357	5,202	5,097	5,475	5,405	5,139	2,482	2,874	3,562	4,380	4,427	4,363	4,399	4,415	7,608	7,590	7,434	7,302	7,222	7,391	0	0	0
Data processing
5,782	5,594	5,173	4,929	3,907	4,470	4,512	4,427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal and professional
1,587	1,677	1,846	1,864	1,518	1,927	2,218	2,314	2,256	1,814	1,521	1,382	1,349	1,366	1,368	1,681	1,957	2,046	2,153	1,922	1,616	1,605	0	0	0
Marketing
1,723	1,669	1,604	1,631	1,573	1,689	1,657	1,590	1,870	1,676	1,664	1,639	1,556	1,590	1,559	1,594	1,343	1,339	1,325	1,294	1,454	1,612	0	0	0
Federal insurance premiums and other regulatory fees
898	893	782	759	801	788	800	859	810	814	784	755	754	764	835	891	934	989	596	589	746	857	0	0	0
Net cost (benefit) of operations of real estate owned
81	71	58	367	636	730	672	334	44	-1	-71	-35	-114	-231	-88	-434	-414	-304	-1,498	-1,016	-1,708	-2,356	0	0	0
Furniture and equipment
1,063	1,023	946	880	844	943	876	870	909	836	899	881	780	777	712	727	763	741	792	828	861	917	0	0	0
Postage, office supplies and printing
870	892	891	929	994	1,006	954	868	778	763	816	872	906	923	880	865	921	964	1,061	1,082	1,087	1,056	0	0	0
Core deposit intangible amortization expense
689	639	597	560	578	633	520	415	317	209	241	266	286	316	348	380	412	434	455	476	506	523	0	0	0
Merger-related expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
3,978	3,779	3,657	3,700	3,432	3,933	3,810	3,591	3,585	3,050	2,895	2,972	2,788	2,678	2,564	2,542	2,451	2,634	3,387	3,340	4,363	4,274	0	0	0
Total noninterest expenses
52,260	50,090	48,104	46,522	43,489	47,456	46,609	45,398	44,026	38,013	37,173	36,831	36,243	36,228	35,745	36,210	36,284	36,012	37,189	36,313	38,339	39,526	0	0	0
Income before income taxes
25,802	24,604	22,942	22,757	24,687	20,980	18,639	17,970	12,866	13,956	12,891	8,377	9,090	8,833	8,821	8,697	8,476	8,088	7,971	9,124	8,404	7,945	0	0	0
Income tax expense
8,949	8,884	9,154	8,321	9,000	7,511	6,344	6,106	4,261	4,735	4,378	2,805	3,028	2,898	2,829	2,742	2,643	2,423	2,412	2,868	1,589	1,487	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
0	0	0	-	0	0	0	-	0	0	-	-	0	0	0	-	5,832	5,665	5,559	6,256	6,815	6,458	0	0	0
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