CIVISTA BANCSHARES, INC. CIVB Income Statement

Civista bancshares, inc. (CIVB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	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	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income
Loans, including fees
85,682	84,972	83,976	79,033	71,520	64,196	57,603	54,792	53,060	51,198	49,086	47,888	47,646	47,186	46,824	46,755	45,855	44,784	43,453	41,916	40,496	40,032	39,755	39,158	38,845	38,776	38,581	38,861	39,371	40,048	40,734	41,288	41,421	41,604	42,300	43,086	0	0	0
Taxable securities
6,252	6,584	6,856	6,186	5,532	4,770	4,049	3,984	3,884	3,745	3,589	3,484	3,365	3,319	3,288	3,226	3,201	3,232	3,271	3,306	3,403	3,443	3,546	3,602	3,629	3,763	3,929	4,148	4,443	4,710	4,885	5,132	5,365	5,490	5,661	5,717	0	0	0
Tax-exempt securities
5,808	5,647	5,512	4,971	4,449	3,976	3,517	3,421	3,319	3,153	2,994	2,846	2,723	2,666	2,646	2,635	2,614	2,583	2,524	2,466	2,406	2,356	2,323	2,307	2,261	2,211	2,157	2,068	1,993	1,895	1,799	1,728	1,674	1,675	1,695	1,753	0	0	0
Federal funds sold and other
730	851	896	913	836	735	639	561	563	498	492	477	472	396	380	375	322	102	100	104	112	139	165	182	174	131	122	0	0	-	0	-	-	-	-	-	-	-	-
Federal funds sold and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	105	92	67	49	0	0	0
Total interest and dividend income
98,472	98,054	97,240	91,103	82,337	73,677	65,808	62,758	60,826	58,594	56,161	54,695	54,206	53,567	53,138	52,991	51,992	50,701	49,348	47,792	46,417	45,970	45,474	0	0	-	0	-	-	46,762	47,539	48,277	48,565	48,861	49,723	50,605	0	0	0
Total interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Interest expense
Deposits
8,151	8,057	7,664	6,348	4,942	3,758	2,902	2,726	2,584	2,342	2,015	1,914	1,971	1,996	1,980	1,987	2,035	2,087	2,140	2,179	2,219	2,292	2,395	2,517	2,643	2,788	2,978	3,198	3,497	3,800	4,097	4,436	4,731	5,091	5,670	6,307	0	0	0
Federal Home Loan Bank advances
3,436	3,452	3,492	3,265	2,916	2,471	1,720	1,071	759	695	627	462	383	405	428	428	431	442	454	579	812	1,015	1,217	1,320	1,339	1,358	1,378	1,433	1,480	1,530	1,577	1,584	1,587	1,606	1,807	2,017	0	0	0
Subordinated debentures
1,364	1,423	1,439	1,438	1,404	1,320	1,243	1,162	1,082	1,035	1,000	953	913	884	847	818	793	760	751	749	751	777	754	756	755	740	774	790	811	833	827	808	787	770	790	812	0	0	0
Securities sold under agreements to repurchase and other
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	-	-	0	0	0	-	22	22	26	33	42	53	0	0	0
Total interest expense
12,976	12,954	12,616	11,073	9,283	7,570	5,883	4,977	4,444	4,092	3,664	3,352	3,290	3,308	3,278	3,255	3,280	3,309	3,364	3,526	3,801	4,104	4,386	4,613	4,758	4,907	5,152	5,443	5,810	6,184	6,523	6,850	7,131	7,500	8,309	9,189	0	0	0
Net interest income
85,496	85,100	84,624	80,030	73,054	66,107	59,925	57,781	56,382	54,502	52,497	51,343	50,916	50,259	49,860	49,736	48,712	47,392	45,984	44,266	42,616	41,866	41,403	40,636	40,151	39,974	39,645	39,756	40,121	40,578	41,016	41,427	41,434	41,361	41,414	41,416	0	0	0
Provision for loan losses
0	-	0	-	-	-	0	-	-	-	-	-	-	-1,300	-1,300	-900	800	1,200	1,200	800	1,150	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	7,665	7,965	9,200	9,800	13,800	16,400	0	0	0
Net interest income after provision for loan losses
82,335	84,065	84,084	79,250	72,274	65,327	59,535	57,781	56,382	54,502	52,497	51,343	52,216	51,559	51,160	50,636	47,912	46,192	44,784	43,466	41,466	40,366	39,903	38,836	38,801	38,874	37,710	36,421	35,621	34,178	33,351	33,462	32,234	31,561	27,614	25,016	0	0	0
Noninterest income
Service charges
6,407	6,395	6,230	5,723	5,530	5,208	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of securities
-	32	-375	-372	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on equity securities
-22	121	5	-80	-12	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	-	-	4,748	-	4,935	5,003	4,782	4,708	4,560	4,408	4,302	4,257	4,522	4,500	4,502	4,457	4,205	4,225	4,232	4,329	4,442	4,567	4,583	4,550	4,548	4,463	0	0	0
Net gain (loss) on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178	257	191	204	138	58	59	40	43	0	0	-	-	0	-	0	0
Net gain on sale of loans
3,203	2,707	2,087	1,700	1,619	1,621	1,773	1,817	1,821	1,745	1,616	1,685	1,613	1,750	1,559	1,287	1,296	1,106	1,062	1,032	745	659	0	0	0	-	-	-	0	-	-	-	0	-	0	-	-	-	-
Noninterest income
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM/Interchange fees
4,044	4,056	3,901	3,509	3,146	2,794	2,331	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
3,829	3,670	3,841	3,739	3,664	3,669	3,348	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,086	2,065	2,045	1,986	1,946	1,907	1,869	1,850	1,634	1,676	1,710	1,740	2,039	1,956	1,884	1,868	1,767	1,800	1,826	1,814	1,842	1,830	0	0	0
Wealth management fees
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	3,059	2,972	2,812	2,627	2,531	2,323	2,241	2,163	2,082	2,060	2,036	2,063	2,034	2,010	0	0	0
Bank owned life insurance
1,010	1,007	1,038	931	823	718	577	572	571	573	578	585	593	563	532	499	464	467	467	469	479	492	506	520	538	555	574	593	610	627	641	663	672	643	594	539	0	0	0
Tax refund processing fees
2,450	2,750	2,750	2,750	2,750	2,750	0	0	0	-	-	-	2,750	2,750	2,750	2,750	2,600	2,000	2,003	2,009	2,047	2,324	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Swap fees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Computer center item processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Computer center item processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Other
1,548	1,432	1,461	1,295	1,337	1,480	1,452	0	0	-	0	-	1,032	1,043	1,151	884	816	740	756	736	688	745	445	672	751	928	810	762	951	1,172	1,752	1,505	1,198	985	1,044	1,058	0	0	0
Total noninterest income
23,035	22,443	21,654	19,513	18,799	18,131	16,924	17,101	16,812	16,334	15,848	16,036	16,010	16,132	16,136	15,559	15,136	14,278	13,988	13,924	13,652	13,874	13,955	14,020	13,471	12,062	11,805	11,428	11,449	11,200	11,102	11,066	10,740	10,442	10,378	10,170	0	0	0
Noninterest expense
Compensation expense
40,222	39,156	39,546	41,893	39,730	37,299	34,752	30,087	29,645	29,253	27,584	26,570	25,981	25,323	24,950	24,600	24,055	23,630	23,365	22,994	22,466	22,293	24,580	24,679	24,979	24,758	22,046	21,727	0	-	0	0	-	-	-	-	-	-	-
Salaries, wages and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,754	19,349	19,179	18,148	0	0	0
Net occupancy expense
3,771	3,835	3,895	3,744	3,642	3,363	3,060	2,999	2,792	2,689	2,694	2,712	2,727	2,700	2,591	2,478	2,423	2,416	2,319	2,234	2,192	2,256	2,294	2,306	2,286	2,209	2,230	2,251	2,217	2,159	2,082	2,088	2,114	2,195	2,332	2,359	0	0	0
Equipment expense
2,289	2,246	2,089	1,899	1,743	1,654	1,536	1,515	1,609	1,564	1,580	1,724	1,674	1,641	1,630	1,439	1,436	1,503	1,429	1,446	1,442	1,421	1,438	1,409	1,336	1,273	1,184	1,186	1,204	1,223	1,237	1,287	1,377	1,399	1,424	1,446	0	0	0
Contracted data processing
1,862	1,831	2,204	4,919	7,211	7,140	6,901	4,108	1,798	1,838	1,573	1,613	1,579	1,546	1,576	1,578	1,728	1,821	1,847	1,817	1,664	1,560	1,642	1,538	1,409	1,327	1,047	1,028	1,007	962	913	867	829	820	812	834	0	0	0
FDIC assessment
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessment
0	-	-	567	0	-	-	471	488	502	427	478	524	611	807	833	879	864	860	880	905	905	927	948	984	1,008	913	892	857	847	965	993	1,118	1,222	1,366	1,523	0	0	0
State franchise tax
1,934	1,843	1,737	1,589	1,453	1,370	1,289	1,193	1,085	1,024	981	977	962	923	895	849	826	847	869	904	917	888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
State franchise tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,185	1,118	1,070	1,059	855	933	981	969	1,108	1,028	0	0	0
Professional services
2,887	2,844	2,146	3,588	4,371	4,229	4,815	3,151	2,401	2,300	2,164	2,061	1,845	1,895	2,194	2,360	2,506	2,461	2,239	2,180	1,920	1,855	968	1,299	1,587	1,677	1,661	1,468	1,583	1,505	1,866	1,699	1,360	1,259	1,967	2,072	0	0	0
Amortization of intangible assets
936	945	991	782	573	366	188	320	452	586	655	669	683	699	715	732	752	711	688	700	709	769	814	825	836	846	868	888	908	974	1,032	1,091	1,150	1,162	1,177	1,191	0	0	0
ATM/Interchange expense
0	-	0	-	0	-	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM expense
-	-	-	1,567	-	-	-	805	811	847	927	877	738	605	489	425	512	674	764	848	886	806	773	737	698	650	707	661	638	630	557	590	606	603	629	657	0	0	0
Marketing
1,427	1,411	1,305	1,251	1,204	1,182	1,037	927	883	817	886	895	894	929	1,008	1,057	1,090	1,039	1,310	1,446	1,540	1,604	1,614	1,372	1,162	1,055	622	623	623	625	680	644	643	640	728	759	0	0	0
Software maintenance expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
9,426	9,288	8,571	8,350	7,705	7,335	6,988	6,336	6,569	6,410	7,197	7,120	6,590	6,730	6,531	6,506	6,533	6,470	6,321	6,557	6,411	6,520	6,212	6,154	6,287	6,487	7,117	6,434	6,638	6,417	6,046	6,489	6,136	6,318	6,814	6,911	0	0	0
Total noninterest expense
68,354	66,947	66,209	71,634	70,923	66,679	62,675	52,686	49,307	48,604	46,921	45,949	44,450	43,855	43,894	43,365	43,248	42,944	42,684	42,679	41,725	41,550	43,153	43,237	43,604	43,384	40,444	38,913	38,962	38,074	37,857	38,242	37,330	37,198	37,536	36,928	0	0	0
Income before taxes
37,016	39,561	39,529	27,129	20,150	16,779	13,784	22,196	23,887	22,232	21,424	21,430	23,776	23,836	23,402	22,830	19,800	17,526	15,996	14,501	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	9,071	8,936	8,108	7,304	6,596	6,286	5,644	4,805	456	-1,742	0	0	0
Income tax expense
4,974	5,683	5,922	4,663	3,331	2,640	3,233	4,552	5,661	6,360	5,902	5,888	6,649	6,619	6,617	6,472	5,501	4,781	4,272	3,842	3,406	3,162	2,404	2,058	1,690	1,373	1,969	2,016	1,909	1,725	1,494	1,375	1,146	847	-620	-1,366	0	0	0
Net Income
32,042	33,878	33,607	22,466	16,819	14,139	10,551	17,644	18,226	15,872	15,522	15,542	17,127	17,217	16,785	16,358	14,299	12,745	11,816	10,869	9,987	9,528	8,301	7,561	6,978	6,179	7,102	6,920	6,199	5,579	5,102	4,911	4,498	3,958	1,076	-376	0	0	0
Preferred stock dividends
-	647	655	685	820	959	1,103	1,219	1,228	1,244	1,280	1,346	1,429	1,501	1,547	1,564	1,564	1,577	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,757	1,640	1,524	1,159	1,158	1,185	1,189	1,193	1,201	1,178	1,177	1,176	1,168	0	0	0	-
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income available to common shareholders
31,559	33,231	32,952	21,781	15,999	13,180	9,448	16,425	16,998	14,628	14,242	14,196	15,698	15,716	15,238	14,794	12,735	11,168	10,224	9,262	8,365	7,655	6,544	5,921	5,454	5,020	5,944	5,735	5,010	4,386	3,901	3,733	3,321	2,782	-92	-1,545	0	0	0
Earnings per common share, basic
0.47	0.49	0.48	0.54	0.61	0.50	-0.31	0.26	0.65	0.36	0.33	0.32	0.47	0.39	0.41	0.61	0.55	0.36	0.36	0.35	0.36	0.23	0.25	0.24	0.27	-	-	0.18	0.21	-	-	-	-	-	-	-	-	-	-
Earnings per common share, diluted
0.47	0.47	0.46	0.51	0.57	0.54	-0.31	0.24	0.55	0.30	0.29	0.29	0.40	0.33	0.34	0.47	0.43	0.29	0.30	0.29	0.29	0.21	0.21	0.21	0.22	-	-	0.18	0.21	-	-	-	-	-	-	-	-	-	-
Earnings per common share, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	-	-	-	0.14	0.08	-	-	-	-	-	-	-
Wtd avg common shares, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,707	-	-	-	7,707	-	-	-	-	-	-	-	-
Earnings per common share, basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.13	0.15	0.12	0.03	0.06	-0.22	-0.07