CODORUS VALLEY BANCORP INC CVLY Income Statement

Codorus valley bancorp inc (CVLY)

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 income
Loans, including fees
78,581	79,327	79,079	78,812	77,484	75,471	73,226	70,643	68,099	65,996	63,668	61,211	59,330	57,747	55,734	54,062	52,401	50,897	49,348	47,752	46,077	44,770	44,059	43,202	42,526	41,594	41,142	40,856	40,811	40,613	40,188	40,205	39,641	39,083	38,806	38,177	0	0	0
Investment securities:
Taxable
3,116	2,972	2,828	2,616	2,440	2,330	2,276	2,328	2,413	2,496	2,566	2,525	2,474	2,527	2,608	2,767	2,927	3,005	3,116	3,245	3,341	3,400	3,395	3,316	3,079	2,885	2,770	2,816	3,105	3,367	3,512	3,653	3,788	3,823	3,788	3,612	0	0	0
Tax-exempt
614	682	766	875	979	1,051	1,102	1,138	1,179	1,231	1,300	1,386	1,490	1,582	1,637	1,666	1,668	1,665	1,699	1,754	1,837	1,956	2,080	2,203	2,310	2,397	2,457	2,475	2,455	2,424	2,387	2,377	2,391	2,430	2,457	2,442	0	0	0
Dividends
329	376	390	405	412	416	395	373	360	313	285	268	240	232	245	248	242	332	310	294	339	211	184	145	55	31	23	16	16	14	10	10	9	7	8	7	0	0	0
Other
1,990	1,960	1,912	1,597	1,289	1,053	776	560	452	379	277	303	187	142	166	104	92	103	89	70	79	63	48	49	54	65	80	98	93	94	99	81	68	68	67	70	0	0	0
Total interest income
84,630	85,317	84,975	84,305	82,604	80,321	77,775	75,042	72,503	70,415	68,096	65,693	63,721	62,230	60,390	58,847	57,330	56,002	54,562	53,115	51,673	50,400	49,766	48,915	48,024	46,972	46,472	46,261	46,480	46,512	46,196	46,326	45,897	45,411	45,126	44,308	0	0	0
Interest expense
Deposits
18,365	18,709	18,321	17,087	15,541	13,553	11,595	10,085	8,963	8,138	7,618	7,304	6,964	6,667	6,415	6,222	6,165	6,295	6,329	6,447	6,637	6,668	6,900	7,107	7,317	7,655	8,149	8,704	9,168	9,615	9,980	10,353	10,777	11,156	11,375	11,339	0	0	0
Federal funds purchased and other short-term borrowings
42	42	42	46	53	59	101	157	239	316	309	272	200	162	185	198	208	195	180	176	175	170	150	141	133	125	124	126	126	122	121	114	110	114	105	98	0	0	0
Long-term debt
2,448	2,627	2,761	2,902	2,904	2,789	2,656	2,517	2,469	2,414	2,187	2,012	1,881	1,820	1,912	1,942	1,842	1,684	1,520	1,335	1,244	1,202	1,155	1,057	952	839	751	747	751	790	865	953	1,020	1,089	1,219	1,363	0	0	0
Total interest expense
20,855	21,378	21,124	20,035	18,498	16,401	14,352	12,759	11,671	10,868	10,114	9,588	9,045	8,649	8,512	8,362	8,215	8,174	8,029	7,958	8,056	8,040	8,205	8,305	8,402	8,619	9,024	9,577	10,045	10,527	10,966	11,420	11,907	12,359	12,699	12,800	0	0	0
Net interest income
63,775	63,939	63,851	64,270	64,106	63,920	63,423	62,283	60,832	59,547	57,982	56,105	54,676	53,581	51,878	50,485	49,115	47,828	46,533	45,157	43,617	42,360	41,561	40,610	39,622	38,353	37,448	36,684	36,435	35,985	35,230	34,906	33,990	33,052	32,427	31,508	0	0	0
Provision for loan losses
10,835	2,450	3,150	4,450	3,550	2,700	2,400	3,200	3,725	4,175	4,175	2,875	2,850	3,000	3,600	3,300	3,300	3,500	2,800	2,550	2,050	1,600	1,600	1,500	1,760	1,470	1,570	2,070	1,760	1,750	1,300	4,210	4,510	4,935	5,345	2,415	0	0	0
Net interest income after provision for loan losses
52,940	61,489	60,701	59,820	60,556	61,220	61,023	59,083	57,107	55,372	53,807	53,230	51,826	50,581	48,278	47,185	45,815	44,328	43,733	42,607	41,567	40,760	39,961	39,110	37,862	36,883	35,878	34,614	34,675	34,235	33,930	30,696	29,480	28,117	27,082	29,093	0	0	0
Noninterest income
Trust and investment services fees
3,752	3,598	3,471	3,368	3,268	3,218	3,127	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust and investment services fees
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	2,119	2,037	1,976	1,922	0	0	0	-	-	-	-	-	-	-	-	-	-
Trust and investment services fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,472	1,461	0	0	0
Income from mutual fund, annuity and insurance sales
1,081	1,055	1,011	1,011	952	1,031	1,007	966	924	821	755	781	822	870	965	990	913	810	725	638	671	648	621	517	498	614	734	887	957	896	870	951	949	1,103	1,220	1,355	0	0	0
Service charges on deposit accounts
4,817	4,845	4,852	4,800	4,787	4,732	4,542	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	3,979	3,829	-	3,587	3,512	3,486	3,406	3,261	3,162	3,047	2,968	2,956	2,861	2,771	2,727	2,673	2,620	2,583	2,560	2,528	2,550	2,593	2,583	2,566	2,558	0	0	0
Income from bank owned life insurance
1,171	1,252	1,202	1,149	1,098	972	979	988	997	1,028	1,009	985	959	861	802	748	697	694	705	710	712	714	716	724	734	727	689	654	643	633	645	652	638	647	650	647	0	0	0
Other income
1,995	1,965	1,926	1,847	1,733	1,650	1,511	1,423	1,153	1,107	1,073	1,021	989	898	783	669	606	567	598	643	641	630	617	619	635	662	665	659	649	645	643	645	634	613	600	579	0	0	0
Gain on sales of loans held for sale
1,286	1,206	1,124	1,247	1,486	1,711	2,047	1,864	1,588	1,434	1,181	1,191	1,144	970	790	709	631	667	635	578	523	452	451	560	780	1,019	1,368	1,428	1,387	1,327	1,188	1,021	860	777	599	690	0	0	0
Gain (loss) on sales of securities
10	-9	-1	-3	-4	0	16	79	0	-	0	0	-	194	194	315	315	492	864	889	889	518	146	44	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427	581	199	199	125	-25	83	0	0	0
Total noninterest income
14,112	13,912	13,585	13,419	13,320	13,314	13,255	12,758	12,058	11,522	10,963	10,723	10,326	10,030	9,615	9,387	9,075	9,047	9,176	8,996	8,780	8,153	7,665	7,357	7,477	7,754	8,055	8,496	8,364	8,190	8,104	7,601	7,434	7,358	7,082	7,373	0	0	0
Noninterest expense
Personnel
30,323	30,224	30,501	29,811	29,304	29,410	28,399	27,606	27,121	26,045	25,700	25,324	24,926	24,187	23,785	23,162	22,054	21,317	20,505	19,574	18,969	18,025	17,381	17,136	16,963	16,827	16,553	16,168	15,814	15,312	14,811	14,223	13,895	13,748	13,575	13,570	0	0	0
Occupancy of premises, net
3,600	3,637	3,629	3,624	3,549	3,457	3,390	3,323	3,305	3,305	3,229	3,216	3,233	3,259	3,291	3,322	3,282	3,185	2,898	2,592	2,323	2,089	2,116	2,107	2,104	2,049	1,999	1,988	1,980	1,977	2,016	2,032	2,015	2,004	1,950	1,942	0	0	0
Furniture and equipment
3,255	3,174	3,116	3,030	3,002	3,044	2,998	3,021	2,970	2,851	2,756	2,760	2,771	2,801	2,831	2,767	2,732	2,685	2,619	2,507	2,386	2,251	2,199	2,169	2,094	2,045	1,929	1,897	1,882	1,851	1,804	1,748	1,709	1,695	1,710	1,695	0	0	0
Postage, stationery and supplies
753	720	723	729	746	734	753	738	772	765	724	690	668	676	702	708	693	683	725	771	745	741	669	601	595	586	562	547	524	508	506	518	513	519	509	543	0	0	0
Professional and legal
1,042	946	916	930	851	922	816	824	854	823	833	724	718	732	793	806	885	896	764	789	749	758	790	754	713	667	559	527	512	534	570	620	643	586	601	534	0	0	0
Marketing
1,761	1,785	1,553	1,485	1,530	1,589	1,616	1,702	1,644	1,572	1,399	1,377	1,385	1,518	1,630	1,435	1,536	1,286	1,271	1,442	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	982	900	843	907	845	864	900	840	840	785	0	0	0
FDIC insurance
403	473	674	858	771	702	679	653	738	723	676	634	593	606	653	709	703	712	678	650	649	663	670	675	640	622	607	634	685	733	808	850	879	1,004	1,116	1,209	0	0	0
Debit card processing
1,324	1,258	1,303	1,358	1,337	1,302	1,193	1,169	1,144	1,071	1,054	1,051	1,045	1,127	1,080	1,024	979	884	855	819	792	790	788	793	795	773	748	725	708	707	703	691	678	655	644	620	0	0	0
Charitable donations
1,684	1,657	1,655	1,437	1,467	2,131	2,178	2,207	2,211	1,368	1,177	1,145	1,004	1,079	1,107	1,012	1,003	986	1,062	1,107	1,121	1,134	1,002	968	947	685	651	645	668	640	631	642	616	396	315	305	0	0	0
Telecommunications
496	501	507	502	516	627	705	790	846	813	844	827	791	749	688	709	703	702	665	598	585	570	579	568	555	543	0	0	0	-	-	-	0	-	0	0	0	-	-
External data processing
2,621	2,473	2,402	2,332	2,253	2,144	2,001	1,827	1,742	1,690	1,640	1,620	1,517	1,455	1,371	1,292	1,205	1,154	1,107	987	958	878	801	793	727	693	0	0	0	-	-	-	0	-	0	0	-	-	-
Merger related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	474	796	957	958	533	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
External data processing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Foreclosed real estate including provision for (recovery of) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	425	0	0	0	-	942	2,163	2,300	2,830	2,698	1,414	1,809	1,701	2,070	2,767	0	0	0
Foreclosed real estate including provision for losses
709	776	177	180	144	66	30	27	17	-21	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impaired loan carrying costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	365	424	399	620	720	1,012	0	0	0
Other
4,516	4,105	3,688	3,719	3,644	3,682	3,894	3,749	3,816	3,981	3,697	3,620	3,489	3,277	3,037	3,231	2,971	2,885	2,734	2,457	2,513	2,324	2,443	2,547	2,451	2,877	2,893	2,816	2,861	2,792	3,003	2,771	2,633	2,814	2,578	2,806	0	0	0
Total noninterest expense
52,487	51,729	50,844	49,995	49,114	49,810	48,652	47,636	47,180	44,986	43,746	42,982	42,228	41,623	40,453	39,741	38,296	37,427	36,907	35,399	34,417	32,476	31,648	31,378	30,549	30,154	29,654	30,116	29,911	29,928	29,208	27,331	27,311	27,079	27,228	28,153	0	0	0
(Loss) Income before income taxes
14,565	23,672	23,442	23,244	24,762	24,724	25,626	24,205	21,985	21,908	21,024	20,971	19,924	18,988	17,440	16,831	16,594	15,948	16,002	16,204	15,930	16,437	15,978	15,089	14,790	14,483	14,279	12,994	13,128	12,497	12,826	10,966	9,603	8,396	6,936	8,313	0	0	0
(Benefit) provision for income taxes
2,998	5,025	4,944	4,889	5,212	5,182	8,939	9,168	9,317	9,904	6,668	6,622	6,220	5,886	5,410	5,193	5,076	4,813	4,857	4,891	4,730	4,668	4,407	4,020	3,883	3,917	3,841	3,362	3,362	3,103	3,151	2,501	2,045	1,617	1,112	1,525	0	0	0
Net (loss) income
11,567	18,647	18,498	18,355	19,550	19,542	16,687	15,037	12,668	12,004	14,356	14,349	13,704	13,102	12,030	11,638	11,518	11,135	11,145	11,313	11,200	11,769	11,571	11,069	10,907	10,566	10,438	9,632	9,766	9,394	9,675	8,465	7,558	6,779	5,824	6,788	0	0	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	16	46	76	106	120	120	120	142	174	207	239	249	250	250	250	259	384	633	1,228	1,403	1,460	1,393	981	0	0	0
Net income available to common shareholders
-	-	-	0	-	-	-	0	-	-	-	-	-	13,086	11,984	11,562	11,412	11,015	11,025	11,193	11,058	11,595	11,364	10,830	10,658	10,316	10,188	9,382	9,507	9,010	9,042	7,237	6,155	5,319	4,431	5,807	0	0	0
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