DIME COMMUNITY BANCSHARES INC DCOM Income Statement

Dime community bancshares inc (DCOM)

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 secured by real estate
203,050	202,110	200,673	197,427	194,444	194,842	196,143	200,278	203,587	204,487	203,990	200,459	196,680	191,856	185,076	179,095	175,210	171,347	170,267	171,635	170,135	169,208	167,614	166,588	169,307	171,594	175,705	179,217	181,784	189,149	192,144	195,320	199,918	200,034	202,273	204,202	0	0	0
C&I loans
16,589	15,980	15,212	13,499	11,521	9,741	8,055	6,369	4,687	3,072	1,579	546	78	41	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loans
67	70	73	73	73	74	75	76	76	75	73	72	72	74	79	83	89	93	95	99	104	105	106	105	101	101	103	106	109	104	99	95	91	97	102	108	0	0	0
Mortgage-backed securities ("MBS")
12,374	12,266	12,410	12,289	11,734	10,794	8,002	5,177	2,785	542	69	44	32	20	8	7	7	186	391	613	847	914	997	1,084	1,202	1,413	1,692	2,059	2,537	3,025	3,525	4,040	4,538	5,043	5,820	6,710	0	0	0
Amount of investments in equity securities and other forms of securities that provide ownership interests expected to be converted to cash, sold or exchanged.
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
2,253	2,252	1,675	1,098	0	-	0	0	-	577	775	796	897	880	898	1,023	879	875	830	644	659	560	461	477	444	503	536	675	1,077	1,263	1,425	1,523	1,400	1,401	1,309	1,300	0	0	0
Other short-term investments
5,145	5,590	5,750	5,742	5,832	5,896	5,742	5,073	4,137	3,343	2,806	2,702	2,812	2,756	2,641	2,444	2,301	2,290	2,294	2,335	2,293	2,165	2,032	1,897	1,823	1,845	1,940	2,106	2,283	2,413	2,447	2,505	2,543	2,641	2,791	2,832	0	0	0
Total interest income
239,478	238,268	235,974	230,319	224,372	221,710	218,255	217,260	215,674	212,096	209,292	204,619	200,571	195,627	188,722	182,662	178,490	174,791	173,877	175,326	174,038	172,952	171,210	170,151	172,877	175,456	179,976	184,163	187,790	195,954	199,640	203,483	208,490	209,216	212,295	215,152	0	0	0
Interest expense:
Deposits and escrow
58,988	62,079	62,159	58,938	54,655	50,389	46,067	42,114	39,635	38,391	37,772	36,999	35,087	32,374	29,251	26,506	24,579	23,005	21,782	20,868	20,190	19,591	19,275	19,207	19,347	19,927	20,570	20,964	21,254	21,779	22,500	23,696	25,072	26,131	27,464	28,976	0	0	0
Borrowed funds
27,869	28,768	28,642	27,376	26,082	24,995	24,279	23,807	22,781	20,975	19,624	18,835	19,142	19,767	20,297	20,515	20,810	23,222	25,389	27,607	29,473	28,825	28,359	27,674	27,102	27,042	53,135	55,183	57,774	64,333	41,723	43,596	45,565	43,583	45,180	47,492	0	0	0
Total interest expense
86,857	90,847	90,801	86,314	80,737	75,384	70,346	65,921	62,416	59,366	57,396	55,834	54,229	52,141	49,548	47,021	45,389	46,227	47,171	48,475	49,663	48,416	47,634	46,881	46,449	46,969	73,705	76,147	79,028	86,112	64,223	67,292	70,637	69,714	72,644	76,468	0	0	0
Net interest income
152,621	147,421	145,173	144,005	143,635	146,326	147,909	151,339	153,258	152,730	151,896	148,785	146,342	143,486	139,174	135,641	133,101	128,564	126,706	126,851	124,375	124,536	123,576	123,270	126,428	128,487	106,271	108,016	108,762	109,842	135,417	136,191	137,853	139,502	139,651	138,684	0	0	0
Provision for loan losses
25,031	17,340	11,703	810	2,372	2,244	641	329	263	520	2,049	3,194	2,589	2,118	1,150	398	-1,179	-1,330	-1,413	-2,330	-2,325	-1,872	-1,406	-665	493	369	488	374	2,621	3,921	5,399	7,490	6,877	6,846	5,972	7,589	0	0	0
Net interest income after provision for loan losses
127,590	130,081	133,470	143,195	141,263	144,082	147,268	151,010	152,995	152,210	149,847	145,591	143,753	141,368	138,024	135,243	134,280	129,894	128,119	129,181	126,700	126,408	124,982	123,935	125,935	128,118	105,783	107,642	106,141	105,921	130,018	128,701	130,976	132,656	133,679	131,095	0	0	0
Non-interest income:
Revenue from contract with customer
5,909	5,805	5,342	4,795	4,830	4,642	4,610	4,325	3,945	3,828	3,524	3,699	3,538	3,429	3,327	3,217	3,258	3,323	3,245	3,316	3,286	3,191	3,413	3,344	3,402	3,459	3,158	3,387	3,362	3,445	3,667	3,595	3,694	3,662	4,120	3,893	0	0	0
Total other than temporary impairment (OTTI) losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	187	345	428	1,002	752	-1,264	-1,868	0	0	0
Less: Non-credit portion of OTTI recorded in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6	-7	-31	-31	-25	195	232	0	0	0
Net OTTI recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362	181	1,116	1,057	483	727	1,069	1,636	0	0	0
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.
284	286	281	283	324	367	343	333	296	201	175	122	84	96	100	125	139	183	227	257	298	1,225	1,276	1,281	1,311	473	642	825	1,808	1,768	1,612	1,489	597	569	748	915	0	0	0
Refers to the amount of gain (loss) on sale on securities and other assets.
-94	562	-53	-34	-106	1,068	1,455	3,991	4,031	2,740	2,744	178	152	123	134	-73	-131	1,273	2,205	2,300	2,388	952	133	259	179	375	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
-	-	-	469	-	-	-	10,537	10,502	10,412	0	0	-4	68,183	68,183	68,183	68,187	0	0	0	0	649	628	628	628	-21	13,545	13,612	13,620	13,726	250	47	60	0	7	359	0	0	0
Income from BOLI
4,023	2,830	2,845	2,851	2,864	2,882	2,724	2,553	2,384	2,217	2,215	2,227	2,719	2,734	2,741	2,791	2,359	2,405	2,432	2,194	1,962	1,743	1,571	1,608	1,646	1,672	1,674	1,678	1,681	1,689	1,688	1,685	1,712	1,758	1,806	1,874	0	0	0
Loan level derivative income
2,073	910	488	291	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
249	235	263	265	260	262	246	256	347	641	967	1,187	1,482	1,369	1,371	1,441	1,244	1,432	1,364	1,324	1,345	1,278	1,257	1,349	1,459	1,505	1,694	1,860	2,141	2,267	2,481	2,516	2,589	2,665	2,515	2,912	0	0	0
Total non-interest income
14,044	12,168	10,362	9,222	8,639	9,523	21,408	23,470	22,980	21,514	9,625	7,413	7,971	75,934	75,856	75,684	75,056	8,616	9,473	9,391	9,279	9,038	8,278	8,469	8,625	7,463	22,124	22,690	23,957	23,849	9,488	9,063	7,809	7,929	6,861	7,169	0	0	0
Non-interest expense:
Salaries and employee benefits
53,286	50,254	48,935	46,950	45,773	45,066	42,644	40,274	38,287	37,036	34,414	34,437	35,072	34,854	36,336	36,090	35,158	31,350	30,861	30,297	29,843	32,462	33,077	33,730	33,922	34,336	33,787	33,573	33,754	33,805	34,083	33,561	33,103	32,854	32,016	31,783	0	0	0
This item represents the amount of Employee Stock Ownership Plan (ESOP) and Restricted Stock Award (RSA) benefit expense.
2,230	1,843	1,675	1,504	1,420	1,524	1,694	1,644	1,681	1,687	2,006	0	0	-	0	-	-	3,640	3,671	3,740	3,769	3,817	3,884	3,937	3,928	3,957	3,943	3,911	3,909	3,842	3,744	3,708	3,705	3,746	3,903	3,996	0	0	0
Occupancy and equipment
16,362	16,175	15,502	15,377	15,247	15,250	14,995	14,642	14,445	14,201	13,731	13,489	13,104	12,103	11,541	10,822	10,197	10,514	10,487	10,469	10,371	10,177	10,371	10,555	10,669	10,451	10,355	10,185	10,113	10,052	9,820	9,942	9,911	10,129	9,931	9,930	0	0	0
Data processing costs
7,774	7,816	7,412	7,432	7,321	7,009	7,152	8,721	8,427	8,280	7,961	5,853	5,606	5,194	4,977	4,716	4,337	4,017	3,903	3,694	3,632	3,595	3,499	3,543	3,591	3,565	3,340	3,228	3,107	3,026	2,965	2,979	3,021	2,982	3,002	3,045	0	0	0
Marketing
1,923	1,992	2,427	2,936	2,617	3,198	3,543	4,035	5,355	5,774	5,242	4,697	4,409	4,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal deposit insurance premiums
632	609	982	1,870	1,758	1,969	2,245	2,738	2,976	2,966	2,824	2,562	2,431	2,515	2,535	2,497	2,492	2,304	2,277	2,249	2,197	2,151	2,056	2,024	1,945	1,951	1,970	1,957	1,969	2,057	2,014	2,103	1,993	2,618	3,278	3,678	0	0	0
Loss from extinguishment of debt
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for losses on OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	180	0	0	0	-	-	-	-	-	-	-	-	0	0
Other
13,388	12,918	12,933	12,608	13,072	12,874	14,446	13,983	13,508	13,770	11,580	11,581	11,064	10,393	7,291	7,299	7,752	7,983	8,464	7,814	7,383	6,952	7,310	7,259	7,042	7,143	6,819	7,556	7,887	8,236	8,300	7,826	7,793	7,649	9,604	9,972	0	0	0
Total non-interest expense
99,375	95,387	89,866	88,677	87,208	86,890	86,719	87,309	85,951	84,986	92,051	88,108	86,731	83,831	70,332	68,224	66,498	62,493	61,585	60,185	59,117	61,076	61,306	62,157	62,206	62,692	61,948	62,144	62,473	62,572	62,636	61,829	61,236	61,688	61,799	62,626	0	0	0
Income before income taxes
42,259	46,862	53,966	63,740	62,694	66,715	81,957	87,171	90,024	88,738	67,421	64,896	64,993	133,471	143,548	142,703	142,838	76,017	76,007	78,387	76,862	74,370	71,954	70,247	72,354	72,889	65,959	68,188	67,625	67,198	76,870	75,935	77,549	78,897	78,741	75,638	0	0	0
Income tax expense
9,182	10,676	12,285	14,982	14,650	15,427	27,686	31,369	34,554	36,856	30,230	30,481	31,359	60,957	60,382	59,993	59,807	31,245	30,632	31,328	30,872	30,124	29,387	28,814	29,342	29,341	25,984	27,049	26,994	26,890	30,570	30,266	31,073	31,588	32,804	30,861	0	0	0
Net Income
33,077	36,186	41,681	48,758	48,044	51,288	54,271	55,802	55,470	51,882	37,191	34,415	33,634	72,514	83,166	82,710	83,031	44,772	45,375	47,059	45,990	44,246	42,567	41,433	43,012	43,548	39,975	41,139	40,631	40,308	46,300	45,669	46,476	47,309	45,937	44,777	0	0	0
Preferred stock dividends
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
33,077	36,186	41,681	48,758	48,044	51,288	54,271	55,802	55,470	51,882	46,996	44,891	0	-	0	0	-	-	-	-	-	-	42,567	41,433	43,012	43,548	39,975	41,139	40,631	40,308	46,300	45,669	46,476	47,309	45,937	44,777	0	0	0
Non-credit component of OTTI charge recognized during the period, net of tax benefits of $3 during the years ended December 31, 2012
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	4	17	17	14	-107	-128	0	0	0
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	60	597	597	621	561	36	36	0	-	0	0	-	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	189	171	-	130	127	102	-	137	135	206	-	32	68	0	0	0
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,
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	168	-77	201	-959	-1,056	-1,133	-1,339	-387	-981	-361	-720	-979	-87	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,006	-4,862	-4,718	-4,575	-1,384	-1,384	-1,384	-1,696	3,225	3,225	3,225	3,564	27	-623	0	0	0
Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,743	46,588	47,796	48,429	39,911	40,984	40,545	40,377	43,047	41,821	43,440	43,952	46,350	45,487	0	0	0