DIME COMMUNITY BANCSHARES INC DCOM Income Statement

Dime community bancshares inc (DCOM)

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 secured by real estate
50,117	51,390	50,732	50,811	49,177	49,953	47,486	47,828	49,575	51,254	51,621	51,137	50,475	50,757	48,090	47,358	45,651	43,977	42,109	43,473	41,788	42,897	43,477	41,973	40,861	41,303	42,451	44,692	43,148	45,414	45,963	47,259	50,513	48,409	49,139	51,857	50,629	50,648	51,068
C&I loans
4,045	3,968	4,442	4,134	3,436	3,200	2,729	2,156	1,656	1,514	1,043	474	41	21	10	6	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans
15	16	18	18	18	19	18	18	19	20	19	18	18	18	18	18	20	23	22	24	24	25	26	29	25	26	25	25	25	28	28	28	20	23	24	24	26	28	30
Mortgage-backed securities ("MBS")
3,305	3,135	2,973	2,961	3,197	3,279	2,852	2,406	2,257	487	27	14	14	14	2	2	2	2	1	2	181	207	223	236	248	290	310	354	459	569	677	832	947	1,069	1,192	1,330	1,452	1,846	2,082
Amount of investments in equity securities and other forms of securities that provide ownership interests expected to be converted to cash, sold or exchanged.
-	-	-	-	-	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
421	636	626	570	420	-	59	49	-	115	108	164	190	313	129	265	173	331	254	121	169	286	68	136	70	187	84	103	129	220	223	505	315	382	321	382	316	290	312
Other short-term investments
1,002	1,198	1,488	1,457	1,447	1,358	1,480	1,547	1,511	1,204	811	611	717	667	707	721	661	552	510	578	650	556	551	536	522	423	416	462	544	518	582	639	674	552	640	677	772	702	681
Total interest income
58,905	60,343	60,279	59,951	57,695	58,049	54,624	54,004	55,033	54,594	53,629	52,418	51,455	51,790	48,956	48,370	46,511	44,885	42,896	44,198	42,812	43,971	44,345	42,910	41,726	42,229	43,286	45,636	44,305	46,749	47,473	49,263	52,469	50,435	51,316	54,270	53,195	53,514	54,173
Interest expense:
Deposits and escrow
11,926	14,209	16,582	16,271	15,017	14,289	13,361	11,988	10,751	9,967	9,408	9,509	9,507	9,348	8,635	7,597	6,794	6,225	5,890	5,670	5,220	5,002	4,976	4,992	4,621	4,686	4,908	5,132	5,201	5,329	5,302	5,422	5,726	6,050	6,498	6,798	6,785	7,383	8,010
Borrowed funds
6,455	6,737	7,501	7,176	7,354	6,611	6,235	5,882	6,267	5,895	5,763	4,856	4,461	4,544	4,974	5,163	5,086	5,074	5,192	5,458	7,498	7,241	7,410	7,324	6,850	6,775	6,725	6,752	6,790	32,868	8,773	9,343	13,349	10,258	10,646	11,312	11,367	11,855	12,958
Total interest expense
18,381	20,946	24,083	23,447	22,371	20,900	19,596	17,870	17,018	15,862	15,171	14,365	13,968	13,892	13,609	12,760	11,880	11,299	11,082	11,128	12,718	12,243	12,386	12,316	11,471	11,461	11,633	11,884	11,991	38,197	14,075	14,765	19,075	16,308	17,144	18,110	18,152	19,238	20,968
Net interest income
40,524	39,397	36,196	36,504	35,324	37,149	35,028	36,134	38,015	38,732	38,458	38,053	37,487	37,898	35,347	35,610	34,631	33,586	31,814	33,070	30,094	31,728	31,959	30,594	30,255	30,768	31,653	33,752	32,314	8,552	33,398	34,498	33,394	34,127	34,172	36,160	35,043	34,276	33,205
Provision for loan losses
8,012	6,240	11,228	-449	321	603	335	1,113	193	-1,000	23	1,047	450	529	1,168	442	-21	-439	416	-1,135	-172	-522	-501	-1,130	281	-56	240	28	157	63	126	2,275	1,457	1,541	2,217	1,662	1,426	667	3,834
Net interest income after provision for loan losses
32,512	33,157	24,968	36,953	35,003	36,546	34,693	35,021	37,822	39,732	38,435	37,006	37,037	37,369	34,179	35,168	34,652	34,025	31,398	34,205	30,266	32,250	32,460	31,724	29,974	30,824	31,413	33,724	32,157	8,489	33,272	32,223	31,937	32,586	31,955	34,498	33,617	33,609	29,371
Non-interest income:
Revenue from contract with customer
1,203	1,662	1,780	1,264	1,099	1,199	1,233	1,299	911	1,167	948	919	794	863	1,123	758	685	761	1,013	799	750	683	1,084	769	655	905	1,015	827	712	604	1,244	802	795	826	1,172	901	763	1,284	945
Total other than temporary impairment (OTTI) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	187	158	83	574	-63	-1,858	-521
Less: Non-credit portion of OTTI recorded in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-6	-1	-24	0	0	219	13
Net OTTI recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	362	0	0	-181	1,297	-59	-574	63	1,639	508
Income derived from origination and sale of loans to third parties in which the Company retains servicing of the loan. Amount includes the following: 1) gain(loss) on sale of the loans; 2) periodic income earned from servicing the loan; and 3) any gains(losses) derived from the valuation of the servicing asset.
66	80	77	61	68	75	79	102	111	51	69	65	16	25	16	27	28	29	41	41	72	73	71	82	999	124	76	112	161	293	259	1,095	121	137	136	203	93	316	303
Refers to the amount of gain (loss) on sale on securities and other assets.
-464	199	80	91	192	-416	99	19	1,366	-29	2,635	59	75	-25	69	33	46	-14	-138	-25	1,450	918	-43	63	14	99	83	-17	210	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans
315	-	443	-	255	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
-	-	-	339	-	-	-	35	90	10,412	0	0	0	0	0	-4	68,187	0	0	0	0	0	0	0	649	-21	0	0	0	13,545	67	8	106	69	-136	21	46	76	216
Income from BOLI
1,887	706	723	707	694	721	729	720	712	563	558	551	545	561	570	1,043	560	568	620	611	606	595	382	379	387	423	419	417	413	425	423	420	421	424	420	447	467	472	488
Loan level derivative income
1,163	422	197	291	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
66	55	61	67	52	83	63	62	54	67	73	153	348	393	293	448	235	395	363	251	423	327	323	272	356	306	415	382	402	495	581	663	528	709	616	736	604	559	1,013
Total non-interest income
4,236	3,627	3,361	2,820	2,360	1,821	2,221	2,237	3,244	13,706	4,283	1,747	1,778	1,817	2,071	2,305	69,741	1,739	1,899	1,677	3,301	2,596	1,817	1,565	3,060	1,836	2,008	1,721	1,898	16,497	2,574	2,988	1,790	2,136	2,149	1,734	1,910	1,068	2,457
Non-interest expense:
Salaries and employee benefits
14,916	13,361	12,948	12,061	11,884	12,042	10,963	10,884	11,177	9,620	8,593	8,897	9,926	6,998	8,616	9,532	9,708	8,480	8,370	8,600	5,900	7,991	7,806	8,146	8,519	8,606	8,459	8,338	8,933	8,057	8,245	8,519	8,984	8,335	7,723	8,061	8,735	7,497	7,490
This item represents the amount of Employee Stock Ownership Plan (ESOP) and Restricted Stock Award (RSA) benefit expense.
671	494	574	491	284	326	403	407	388	496	353	444	394	-	815	-	-	874	885	940	941	905	954	969	989	972	1,007	960	1,018	958	975	958	951	860	939	955	992	1,017	1,032
Occupancy and equipment
4,056	4,509	3,970	3,827	3,869	3,836	3,845	3,697	3,872	3,581	3,492	3,500	3,628	3,111	3,250	3,115	2,627	2,549	2,531	2,490	2,944	2,522	2,513	2,392	2,750	2,716	2,697	2,506	2,532	2,620	2,527	2,434	2,471	2,388	2,649	2,403	2,689	2,190	2,648
Data processing costs
2,024	2,039	1,803	1,908	2,066	1,635	1,823	1,797	1,754	1,778	3,392	1,503	1,607	1,459	1,284	1,256	1,195	1,242	1,023	877	875	1,128	814	815	838	1,032	858	863	812	807	746	742	731	746	760	784	692	766	803
Marketing
397	595	466	465	466	1,030	975	146	1,047	1,375	1,467	1,466	1,466	843	922	1,178	1,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal deposit insurance premiums
477	75	-506	586	454	448	382	474	665	724	875	712	655	582	613	581	739	602	575	576	551	575	547	524	505	480	515	445	511	499	502	457	599	456	591	347	1,224	1,116	991
Loss from extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-1,272	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for losses on OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	180	-	-	-	-	-	-	-	-	65	157
Other
3,499	3,412	3,519	2,958	3,029	3,427	3,194	3,422	2,831	4,999	2,731	2,947	3,093	2,809	2,732	2,430	2,422	-293	2,740	2,883	2,653	188	2,090	2,452	2,222	546	2,039	2,235	2,323	222	2,776	2,566	2,672	286	2,302	2,533	2,528	2,241	2,670
Total non-interest expense
26,040	28,265	22,774	22,296	22,052	22,744	21,585	20,827	21,734	22,573	22,175	19,469	20,769	29,638	18,232	18,092	17,869	16,139	16,124	16,366	13,864	15,231	14,724	15,298	15,823	15,461	15,575	15,347	16,309	14,717	15,771	15,676	16,408	14,781	14,964	15,083	16,860	14,892	15,791
Income before income taxes
10,708	8,519	5,555	17,477	15,311	15,623	15,329	16,431	19,332	30,865	20,543	19,284	18,046	9,548	18,018	19,381	86,524	19,625	17,173	19,516	19,703	19,615	19,553	17,991	17,211	17,199	17,846	20,098	17,746	10,269	20,075	19,535	17,319	19,941	19,140	21,149	18,667	19,785	16,037
Income tax expense
2,316	1,574	850	4,442	3,810	3,183	3,547	4,110	4,587	15,442	7,230	7,295	6,889	8,816	7,481	8,173	36,487	8,241	7,092	7,987	7,925	7,628	7,788	7,531	7,177	6,891	7,215	8,059	7,176	3,534	8,280	8,004	7,072	7,214	7,976	8,811	7,587	8,430	6,033
Net Income
8,392	6,945	4,705	13,035	11,501	12,440	11,782	12,321	14,745	15,423	13,313	11,989	11,157	732	10,537	11,208	50,037	11,384	10,081	11,529	11,778	11,987	11,765	10,460	10,034	10,308	10,631	12,039	10,570	6,735	11,795	11,531	10,247	12,727	11,164	12,338	11,080	11,355	10,004
Preferred stock dividends
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
8,325	-	-	-	11,464	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EARNINGS PER COMMON SHARE ("EPS") [Abstract]
Basic (in dollars per share)
0.24	0.20	0.13	0.36	0.32	0.34	0.32	0.33	0.39	0.40	0.36	0.32	0.30	0.01	0.29	0.30	1.37	0.31	0.28	0.32	0.33	0.33	0.33	0.29	0.28	0.30	0.30	0.34	0.30	0.20	0.34	0.34	0.30	0.37	0.33	0.37	0.33	0.34	0.30
Diluted (in dollars per share)
0.24	0.20	0.13	0.36	0.32	0.34	0.32	0.33	0.39	0.41	0.35	0.32	0.30	0.02	0.29	0.30	1.36	0.30	0.28	0.32	0.33	0.33	0.33	0.29	0.28	0.29	0.30	0.34	0.30	0.19	0.34	0.34	0.30	0.38	0.33	0.36	0.33	0.34	0.30
STATEMENTS OF COMPREHENSIVE INCOME
Net income
8,392	6,945	4,705	13,035	11,501	12,440	11,782	12,321	14,745	15,423	13,313	11,989	11,157	-	10,537	11,208	-	-	-	-	-	-	11,765	10,460	10,034	10,308	10,631	12,039	10,570	6,735	11,795	11,531	10,247	12,727	11,164	12,338	11,080	11,355	10,004
Non-credit component of OTTI charge recognized during the period, net of tax benefits of $3 during the years ended December 31, 2012
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3	1	13	0	0	-120	-8
Reclassification adjustment for securities sold during the period, net of tax benefit of $624, $450 and $50 during the years ended December 31, 2015, 2014 and 2013, respectively (reclassified to net gain on securities)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	60	537	0	24	0	-	12	0	-	0	155
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of deferred tax expense of $5 during the three months ended both September 30, 2015 and 2014, and $26 and $21 during the nine months ended September 30, 2015 and 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7	-10	-12	-	-10	-28	-34	-	-13	-53	-25	-	-15	18	14	15	21
Reduction in (adjustment to) non-credit component of other than temporary impairment (OTTI), net of deferred tax expense of $4 during the three months ended both September 30, 2015 and 2014, and $8 and $13 during the nine months ended both September 30, 2015 and 2014, respectively,
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	-	4	4	4	-	7	149	5	-	5	352	336	731	216
Net unrealized securities gain (loss) arising during the period, net of deferred tax (expense) benefit of $78, $29 and $(162) during the years ended December 31, 2015, 2014 and 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	70	-37	45	90	-175	241	-1,115	-7	-252	35	-163	-601	368	-324	-422	291
Change in pension and other postretirement obligations, net of deferred tax (expense) benefit of $(451), $2,685 and $(3,765) during the years ended December 31, 2015, 2014 and 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-144	-144	-143	-4,575	0	0	0	-1,384	0	0	-312	3,537	0	0	27	0	-650
Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,890	10,688	10,156	15,009	10,735	11,896	10,789	6,491	11,808	11,457	10,621	9,161	10,582	13,076	11,133	11,559	9,719