CODORUS VALLEY BANCORP INC CVLY Income Statement

Codorus valley bancorp inc (CVLY)

Income statement / Quarterly

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 income
Loans, including fees
18,764	19,996	19,847	19,974	19,510	19,748	19,580	18,646	17,497	17,503	16,997	16,102	15,394	15,175	14,540	14,221	13,811	13,162	12,868	12,560	12,307	11,613	11,272	10,885	11,000	10,902	10,415	10,209	10,068	10,450	10,129	10,164	9,870	10,025	10,146	9,600	9,312	9,748	9,517
Investment securities:
Taxable
820	772	780	744	676	628	568	568	566	574	620	653	649	644	579	602	702	725	738	762	780	836	867	858	839	831	788	621	645	716	834	910	907	861	975	1,045	942	826	799
Tax-exempt
141	150	152	171	209	234	261	275	281	285	297	316	333	354	383	420	425	409	412	422	422	443	467	505	541	567	590	612	628	627	608	592	597	590	598	606	636	617	583
Dividends
72	84	85	88	119	98	100	95	123	77	78	82	76	49	61	54	68	62	64	48	158	40	48	93	30	13	9	3	6	5	2	3	4	1	2	2	2	2	1
Other
392	438	602	558	362	390	287	250	126	113	71	142	53	11	97	26	8	35	35	14	19	21	16	23	3	6	17	28	14	21	35	23	15	26	17	10	15	25	20
Total interest income
20,189	21,440	21,466	21,535	20,876	21,098	20,796	19,834	18,593	18,552	18,063	17,295	16,505	16,233	15,660	15,323	15,014	14,393	14,117	13,806	13,686	12,953	12,670	12,364	12,413	12,319	11,819	11,473	11,361	11,819	11,608	11,692	11,393	11,503	11,738	11,263	10,907	11,218	10,920
Interest expense
Deposits
4,276	4,658	4,815	4,616	4,620	4,270	3,581	3,070	2,632	2,312	2,071	1,948	1,807	1,792	1,757	1,608	1,510	1,540	1,564	1,551	1,640	1,574	1,682	1,741	1,671	1,806	1,889	1,951	2,009	2,300	2,444	2,415	2,456	2,665	2,817	2,839	2,835	2,884	2,781
Federal funds purchased and other short-term borrowings
9	11	11	11	9	11	15	18	15	53	71	100	92	46	34	28	54	69	47	38	41	54	43	37	36	34	34	29	28	33	36	29	24	32	29	25	28	23	22
Long-term debt
537	619	627	665	716	753	768	667	601	620	629	619	546	393	454	488	485	485	484	388	327	321	299	297	285	274	201	192	172	186	197	196	211	261	285	263	280	391	429
Total interest expense
4,822	5,288	5,453	5,292	5,345	5,034	4,364	3,755	3,248	2,985	2,771	2,667	2,445	2,231	2,245	2,124	2,049	2,094	2,095	1,977	2,008	1,949	2,024	2,075	1,992	2,114	2,124	2,172	2,209	2,519	2,677	2,640	2,691	2,958	3,131	3,127	3,143	3,298	3,232
Net interest income
15,367	16,152	16,013	16,243	15,531	16,064	16,432	16,079	15,345	15,567	15,292	14,628	14,060	14,002	13,415	13,199	12,965	12,299	12,022	11,829	11,678	11,004	10,646	10,289	10,421	10,205	9,695	9,301	9,152	9,300	8,931	9,052	8,702	8,545	8,607	8,136	7,764	7,920	7,688
Provision for loan losses
9,435	200	0	1,200	1,050	900	1,300	300	200	600	2,100	825	650	600	800	800	800	1,200	500	800	1,000	500	250	300	550	500	150	560	260	600	650	250	250	150	3,560	550	675	560	630
Net interest income after provision for loan losses
5,932	15,952	16,013	15,043	14,481	15,164	15,132	15,779	15,145	14,967	13,192	13,803	13,410	13,402	12,615	12,399	12,165	11,099	11,522	11,029	10,678	10,504	10,396	9,989	9,871	9,705	9,545	8,741	8,892	8,700	8,281	8,802	8,452	8,395	5,047	7,586	7,089	7,360	7,058
Noninterest income
Trust and investment services fees
994	956	921	881	840	829	818	781	790	-	738	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust and investment services fees
-	-	-	-	-	-	-	-	-	-	-	741	659	-	654	621	617	-	604	604	601	-	592	525	527	475	510	464	473	-	-	-	-	-	-	-	-	-	-
Trust and investment services fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450	405	408	-	384	383	357	348	373
Income from mutual fund, annuity and insurance sales
261	269	255	296	235	225	255	237	314	201	214	195	211	135	240	236	259	230	265	159	156	145	178	192	133	118	74	173	249	238	227	243	188	212	308	241	342	329	443
Service charges on deposit accounts
1,130	1,240	1,239	1,208	1,158	1,247	1,187	1,195	1,103	-	1,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	1,051	970	-	957	901	837	892	882	875	757	747	783	760	678	735	688	670	634	681	635	633	611	649	657	676	601	632	649
Income from bank owned life insurance
286	292	301	292	367	242	248	241	241	249	257	250	272	230	233	224	174	171	179	173	171	182	184	175	173	184	192	185	166	146	157	174	156	158	164	160	165	161	161
Other income
439	468	443	645	409	429	364	531	326	290	276	261	280	256	224	229	189	141	110	166	150	172	155	164	139	159	157	180	166	162	151	170	162	160	153	159	141	147	132
Gain on sales of loans held for sale
298	357	312	319	218	275	435	558	443	611	252	282	289	358	262	235	115	178	181	157	151	146	124	102	80	145	233	322	319	494	293	281	259	355	126	120	176	177	217
Gain (loss) on sales of securities
15	-8	2	1	-4	0	0	0	0	-	16	63	-	0	0	0	194	0	121	0	371	372	146	0	0	-	0	44	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	382	0	49	150	0	0	-25	0	108
Total noninterest income
3,423	3,574	3,473	3,642	3,223	3,247	3,307	3,543	3,217	3,188	2,810	2,843	2,681	2,629	2,570	2,446	2,385	2,214	2,342	2,134	2,357	2,343	2,162	1,918	1,730	1,855	1,854	2,038	2,007	2,156	2,295	1,906	1,833	2,070	1,792	1,739	1,757	1,794	2,083
Noninterest expense
Personnel
7,805	7,278	7,849	7,391	7,706	7,555	7,159	6,884	7,812	6,544	6,366	6,399	6,736	6,199	5,990	6,001	5,997	5,797	5,367	4,893	5,260	4,985	4,436	4,288	4,316	4,341	4,191	4,115	4,180	4,067	3,806	3,761	3,678	3,566	3,218	3,433	3,531	3,393	3,213
Occupancy of premises, net
926	909	865	900	963	901	860	825	871	834	793	807	871	758	780	824	897	790	811	784	800	503	505	515	566	530	496	512	511	480	485	504	508	519	501	487	497	465	493
Furniture and equipment
853	840	787	775	772	782	701	747	814	736	724	696	695	641	728	707	725	671	664	672	678	605	552	551	543	553	522	476	494	437	490	461	463	390	434	422	449	405	419
Postage, stationery and supplies
217	171	190	175	184	174	196	192	172	193	181	226	165	152	147	204	173	178	153	189	163	220	199	163	159	148	131	157	150	124	116	134	134	122	128	129	140	112	162
Professional and legal
205	343	272	222	109	313	286	143	180	207	294	173	149	217	185	167	163	278	198	246	174	146	223	206	183	178	187	165	137	70	155	150	159	106	205	173	102	121	138
Marketing
325	621	441	374	349	389	373	419	408	416	459	361	336	243	437	369	469	355	242	470	219	-	340	413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	307	-	341	254	146	241	259	197	210	179	278	233	150	179	223
FDIC insurance
167	8	5	223	237	209	189	136	168	186	163	221	153	139	121	180	166	186	177	174	175	152	149	173	189	159	154	138	171	144	181	189	219	219	223	218	344	331	316
Debit card processing
389	355	263	317	323	400	318	296	288	291	294	271	215	274	291	265	297	227	235	220	202	198	199	193	200	196	204	195	178	171	181	178	177	167	169	165	154	156	145
Charitable donations
872	341	337	134	845	339	119	164	1,509	386	148	168	666	195	116	27	741	223	21	18	724	299	66	32	737	167	32	11	475	133	26	34	447	124	37	8	227	43	27
Telecommunications
121	121	124	130	126	127	119	144	237	205	204	200	204	236	187	164	162	175	208	158	161	138	141	145	146	147	130	132	134	-	-	-	132	-	128	120	135	-	-
External data processing
704	652	649	616	556	581	579	537	447	438	405	452	395	388	385	349	333	304	306	262	282	257	186	233	202	180	178	167	168	-	-	-	128	-	107	110	-	-	-
Merger related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	49	425	322	161	50	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
External data processing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	142	-	-	-	-	-	-	-
Foreclosed real estate including provision for (recovery of) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	95	40	-	66	32	-	118	60	167	80	-	277	74	63	528	1,498	211	593	396	214	606	485	765	911
Foreclosed real estate including provision for losses
20	632	10	47	87	33	13	11	9	-3	10	1	-29	-	-	-	-	-	-	-	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impaired loan carrying costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	185	45	99	95	160	266	199	387
Other
715	1,542	1,059	1,200	304	1,125	1,090	1,125	342	1,337	945	1,192	507	1,053	868	1,061	295	813	1,062	801	209	662	785	857	20	781	889	761	446	797	812	806	377	1,008	580	668	558	772	808
Total noninterest expense
13,319	13,813	12,851	12,504	12,561	12,928	12,002	11,623	13,257	11,770	10,986	11,167	11,063	10,530	10,222	10,413	10,458	9,360	9,510	8,968	9,589	8,840	8,002	7,986	7,648	8,012	7,732	7,157	7,253	7,512	8,194	6,952	7,270	6,792	6,317	6,932	7,038	6,941	7,242
(Loss) Income before income taxes
-3,964	5,713	6,635	6,181	5,143	5,483	6,437	7,699	5,105	6,385	5,016	5,479	5,028	5,501	4,963	4,432	4,092	3,953	4,354	4,195	3,446	4,007	4,556	3,921	3,953	3,548	3,667	3,622	3,646	3,344	2,382	3,756	3,015	3,673	522	2,393	1,808	2,213	1,899
(Benefit) provision for income taxes
-975	1,219	1,432	1,322	1,052	1,138	1,377	1,645	1,022	4,895	1,606	1,794	1,609	1,659	1,560	1,392	1,275	1,183	1,343	1,275	1,012	1,227	1,377	1,114	950	966	990	977	984	890	511	977	725	938	-139	521	297	433	274
Net (loss) income
-2,989	4,494	5,203	4,859	4,091	4,345	5,060	6,054	4,083	1,490	3,410	3,685	3,419	3,842	3,403	3,040	2,817	2,770	3,011	2,920	2,434	2,780	3,179	2,807	3,003	2,582	2,677	2,645	2,662	2,454	1,871	2,779	2,290	2,735	661	1,872	1,511	1,780	1,625
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16	30	30	30	30	30	30	52	62	63	62	62	63	63	62	71	188	312	657	246	245	245	245
Net income available to common shareholders
-	-	-	4,859	-	-	-	6,054	-	-	-	-	-	3,842	3,403	3,040	2,801	2,740	2,981	2,890	2,404	2,750	3,149	2,755	2,941	2,519	2,615	2,583	2,599	2,391	1,809	2,708	2,102	2,423	4	1,626	1,266	1,535	1,380
Net (loss) income per share, basic
-0.31	0.44	0.53	0.51	0.41	0.38	0.51	0.65	0.44	0.05	0.37	0.41	0.39	0.34	0.39	0.36	0.33	0.28	0.46	0.47	0.39	0.30	0.52	0.48	0.58	0.35	0.52	0.55	0.55	0.36	0.39	0.61	0.48	0.46	0.00	0.39	0.31	0.37	0.34
Net (loss) income per share, diluted
-0.31	0.44	0.52	0.51	0.41	0.38	0.51	0.64	0.43	0.06	0.36	0.41	0.38	0.34	0.38	0.36	0.33	0.29	0.45	0.46	0.39	0.30	0.51	0.47	0.56	0.34	0.51	0.54	0.54	0.37	0.38	0.60	0.47	0.46	0.00	0.39	0.30	0.37	0.34