Cobiz financial inc (COBZ)
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'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME:
Interest and fees on loans

34,612

33,773

34,029

33,170

31,405

29,391

29,592

29,124

28,214

27,682

27,663

26,758

26,729

26,472

26,029

25,452

24,403

22,743

22,549

22,826

21,965

21,731

21,934

21,895

21,496

21,180

21,794

22,186

22,290

22,181

23,247

23,773

Interest and dividends on investment securities:
Taxable securities

4,046

3,521

3,328

3,361

3,601

3,198

2,843

2,844

2,908

3,118

3,065

3,046

3,110

3,266

3,349

3,493

3,869

4,099

4,277

4,020

4,083

4,227

4,208

4,457

5,231

5,313

5,391

5,337

5,789

5,909

5,148

5,300

Nontaxable securities

245

244

209

191

93

288

192

179

180

179

201

238

86

84

75

74

67

55

23

7

4

4

4

3

4

4

4

2

2

5

9

14

Dividends on securities

204

160

118

156

253

148

88

111

189

173

123

103

90

116

127

163

147

70

61

85

85

63

60

68

87

71

68

59

58

59

102

128

Interest on federal funds sold and other

70

79

69

69

54

56

64

50

9

43

29

32

29

26

31

23

24

24

44

23

23

27

37

26

24

26

27

28

38

37

44

43

Total interest income

39,177

37,777

37,753

36,947

35,406

33,081

32,779

32,308

31,500

31,195

31,081

30,177

30,044

29,964

29,611

29,205

28,510

26,991

26,954

26,961

26,160

26,052

26,243

26,449

26,842

26,594

27,284

27,612

28,177

28,191

28,550

29,258

INTEREST EXPENSE:
Interest on deposits

1,423

987

1,053

1,024

955

987

1,014

996

939

905

918

916

911

895

951

970

958

987

1,054

1,130

1,143

1,289

1,418

1,546

1,551

1,646

1,741

1,896

2,132

2,252

2,866

3,283

Interest on short-term borrowings and securities sold under agreements to repurchase

752

347

121

298

602

184

24

60

188

222

79

46

28

61

53

134

171

83

85

120

151

94

103

137

165

143

174

225

213

212

276

301

Interest on subordinated debentures and notes payable

1,853

1,834

1,857

1,856

1,844

1,832

1,853

1,851

1,840

1,839

1,848

1,848

1,033

1,007

1,039

1,039

1,028

1,016

1,039

1,336

1,501

1,484

1,518

1,519

1,502

1,502

1,517

1,517

1,501

1,483

1,521

1,501

Total interest expense

4,028

3,168

3,031

3,178

3,401

3,003

2,891

2,907

2,967

2,966

2,845

2,810

1,972

1,963

2,043

2,143

2,157

2,086

2,178

2,586

2,795

2,867

3,039

3,202

3,218

3,291

3,432

3,638

3,846

3,947

4,663

5,085

NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES

35,149

34,609

34,722

33,769

32,005

30,078

29,888

29,401

28,533

28,229

28,236

27,367

28,072

28,001

27,568

27,062

26,353

24,905

24,776

24,375

23,365

23,185

23,204

23,247

23,624

23,303

23,852

23,974

24,331

24,244

23,887

24,173

Provision for loan losses

-901

-325

945

1,060

673

607

349

-1,168

-1,652

370

5,390

762

1,057

-789

-874

-452

-941

-1,888

-4,595

-1,554

-1,065

-1,590

-337

-2,506

-1,820

-70

380

0

1,982

1,640

7,344

10,444

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

36,050

34,934

33,777

32,709

31,332

29,471

29,539

30,569

30,185

27,859

22,846

26,605

27,015

28,790

28,442

27,514

27,294

26,793

29,371

25,929

24,430

24,775

23,541

25,753

25,444

23,373

23,472

23,974

22,349

22,604

16,543

13,729

NONINTEREST INCOME:
Service charges

1,577

1,655

1,505

1,660

1,714

1,745

1,551

1,553

1,470

1,485

1,424

1,490

1,455

1,493

1,404

1,424

1,394

1,376

1,276

1,359

1,352

1,328

1,220

1,218

1,221

1,244

1,218

1,274

1,224

1,239

1,252

1,269

Investment advisory income

1,678

1,655

1,639

1,550

1,500

1,531

1,418

1,416

1,430

1,450

1,388

1,478

1,471

1,495

1,454

1,418

1,442

1,422

1,364

1,306

1,295

1,112

1,109

1,176

951

967

32

1,291

1,543

1,426

1,298

1,457

Insurance income

3,138

3,459

3,294

3,338

3,427

3,122

3,286

3,120

3,112

3,050

2,937

3,023

3,137

2,950

2,872

2,622

2,894

2,762

2,617

2,862

3,210

2,510

2,341

2,412

2,517

2,410

-361

2,952

3,288

3,393

3,173

3,529

Investment banking income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

689

576

66

3,358

253

148

74

5,431

205

857

744

794

1,789

Other income

1,816

2,192

1,929

2,447

1,670

1,930

3,119

3,197

1,800

1,703

2,236

1,433

1,877

1,380

1,762

1,916

1,813

-66

2,020

1,543

1,992

1,460

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,341

1,733

2,222

-

329

1,878

1,230

1,496

1,709

Total noninterest income

8,209

8,961

8,367

8,995

8,311

8,328

9,374

9,286

7,812

7,688

7,985

7,424

7,940

7,318

7,492

7,380

7,543

5,494

5,946

7,759

8,425

6,476

10,672

6,400

6,570

6,917

7,950

6,051

8,790

8,032

8,013

9,753

NONINTEREST EXPENSE:
Salaries and employee benefits

20,761

19,747

19,212

18,421

18,335

19,120

18,378

17,480

17,984

17,629

17,808

16,623

16,955

18,140

17,330

16,217

16,141

16,320

13,988

17,067

15,466

15,232

15,976

14,503

14,301

15,155

14,338

14,584

16,294

15,147

14,904

15,055

Occupancy expenses, premises and equipment

3,651

3,711

3,709

3,666

3,685

3,605

3,934

4,025

3,517

3,490

3,301

3,371

3,258

3,149

3,358

3,258

3,387

3,097

3,083

3,289

3,155

3,304

3,393

3,307

3,335

3,436

3,185

3,358

3,322

3,354

3,459

3,412

Amortization of intangibles

49

56

150

150

150

150

150

150

150

150

150

150

150

150

150

147

149

151

151

152

159

200

193

265

133

133

52

160

159

160

161

160

FDIC and other assessments

267

424

348

363

349

250

395

369

471

457

463

459

443

448

474

373

483

407

409

403

440

438

445

456

390

491

665

627

934

1,340

1,370

1,321

Other real estate owned and loan workout costs

50

71

-

33

93

89

-

120

156

156

-

105

117

26

218

283

224

341

336

91

97

191

512

477

761

576

499

821

640

1,193

1,364

1,943

Net (gain) loss on securities, other assets and other real estate owned

4

120

200

-6

-32

345

33

98

-7

-3

-

59

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net other than temporary impairment losses on securities recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

35

7

255

264

136

137

234

70

110

Net loss on securities, other assets and other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

-

598

1,646

184

756

-319

-1,039

-81

-685

30

522

198

491

720

806

1,128

1,227

3,938

Other expense

5,580

4,681

4,729

3,753

4,011

4,245

4,696

3,997

3,983

3,947

4,489

4,089

3,531

3,419

3,537

3,642

3,769

3,277

2,834

3,131

3,316

3,297

3,374

2,885

3,140

3,167

2,393

2,824

2,961

2,895

3,664

3,512

Total noninterest expense

30,354

28,570

27,733

26,392

26,655

27,114

27,088

26,043

26,268

25,832

25,717

24,738

24,359

25,363

24,898

23,322

22,507

23,409

22,923

23,814

21,594

22,581

23,208

21,958

22,589

23,411

21,887

23,230

25,253

25,451

26,219

29,451

INCOME BEFORE INCOME TAXES

13,905

15,325

14,411

15,312

12,988

10,685

11,825

13,812

11,729

9,715

5,114

9,291

10,596

10,745

11,036

11,572

12,330

8,878

12,394

9,874

11,261

8,670

11,005

10,195

9,425

6,879

9,535

6,795

5,886

5,185

-1,663

-5,969

Provision for income taxes

2,511

2,344

10,789

4,119

3,499

2,071

3,092

3,543

3,197

2,350

714

2,337

3,213

3,342

3,749

4,039

4,180

3,050

4,267

2,849

3,999

2,794

3,927

3,721

3,230

2,380

-12,166

2,352

2,047

1,959

234

-2,721

NET INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

7,365

4,400

6,954

7,383

7,403

7,287

7,533

8,150

5,828

8,127

7,025

7,262

5,876

7,078

6,474

6,195

4,499

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

0

-113

-514

634

769

-551

-1,410

0

0

259

733

-219

-78

59

-

-

-

-

-

-

Benefit for income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-42

-209

276

302

-240

-558

0

0

86

280

-94

-33

18

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

0

-71

-305

358

467

-311

-852

0

0

173

453

-125

-45

41

-

-

-

-

-

-

NET INCOME (LOSS) BEFORE NONCONTROLLING INTEREST

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,897

-3,248

LESS: NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

521

NET INCOME

11,394

12,981

-

-

9,489

8,614

-

-

-

-

4,400

6,954

7,383

7,332

6,982

7,891

8,617

5,517

7,275

7,025

7,262

6,049

7,531

6,349

6,150

4,540

21,954

4,443

3,839

3,226

-1,897

-3,769

Unrealized gain on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,732

1,591

879

-

-

Unrealized gain on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,723

-1,221

492

-

-

OTHER COMPREHENSIVE INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,455

370

1,371

-

-

UNREALIZED APPRECIATION (DEPRECIATION) ON SECURITIES AVAILABLE FOR SALE AND DERIVATIVE INSTRUMENTS, net of income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-79

-1,984

COMPREHENSIVE INCOME

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,012

4,209

4,597

-1,976

-5,753

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

11,193

-

-

-

10,269

8,532

-

4,400

6,921

7,239

7,189

6,838

7,747

8,474

5,374

7,132

6,881

7,119

5,535

6,867

5,632

5,433

3,823

21,237

1,908

2,890

2,280

-

-

EARNINGS PER COMMON SHARE:
Basic - Continuing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

0.18

0.20

0.14

0.19

0.17

0.18

0.14

0.16

0.14

0.14

0.10

-

-

-

-

-

-

Diluted - Continuing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.17

0.18

0.20

0.14

0.19

0.17

0.18

0.14

0.16

0.14

0.14

0.10

-

-

-

-

-

-

Basic - Discontinued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted - Discontinued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per share

0.27

0.31

0.08

0.27

0.23

0.21

0.20

0.25

0.21

0.18

0.11

0.17

0.17

0.18

0.17

0.19

0.21

0.13

-

-

-

-

-

-

-

-

0.57

0.05

0.08

0.06

-0.08

-0.13

Diluted earnings per share

0.27

0.31

0.08

0.27

0.23

0.20

0.20

0.25

0.21

0.18

0.10

0.17

0.17

0.18

0.17

0.19

0.21

0.13

-

-

-

-

-

-

-

-

0.57

0.05

0.08

0.06

-0.08

-0.13