Dnb financial corp /pa/ (DNBF)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest Income:
Interest and fees on loans

41,851

39,254

24,944

20,082

19,588

19,183

21,921

22,651

21,186

Interest and dividends on investment securities: Taxable

3,220

2,983

2,896

2,955

2,850

2,861

3,163

3,250

4,722

Interest and dividends on investment securities: Exempt from federal taxes

874

938

1,210

1,399

1,116

1,098

604

217

64

Interest on cash and cash equivalents

230

210

129

42

42

70

41

56

78

Total interest and dividend income

46,175

43,385

29,179

24,478

23,596

23,212

25,729

26,174

26,050

Interest Expense:
Interest on NOW, money market and savings

3,862

2,289

1,004

590

541

740

901

1,045

1,913

Interest on time deposits

1,982

1,257

706

396

697

1,071

1,531

2,190

2,992

Interest on brokered deposits

1,662

538

301

179

53

-

-

-

-

Interest on FHLB advances

887

752

451

787

613

653

848

864

1,500

Interest on repurchase agreements

15

28

40

51

39

45

71

142

197

Interest on junior subordinated debentures

465

386

344

301

295

303

324

308

374

Interest on subordinated debt

414

414

414

341

-

-

-

-

-

Interest on other borrowings

84

56

64

67

73

76

80

95

86

Total interest expense

9,371

5,720

3,324

2,712

2,311

2,888

3,755

4,644

7,062

Net interest income

36,804

37,665

25,855

21,766

21,285

20,324

21,974

21,530

18,988

Provision for credit losses

1,200

1,660

730

1,105

1,130

2,530

1,455

1,480

2,216

Net interest income after provision for credit losses

35,604

36,005

25,125

20,661

20,155

17,794

20,519

20,050

16,772

Non-interest Income:
Service charges

-

-

1,146

1,131

1,226

1,307

1,359

1,143

1,277

Wealth management

-

-

1,634

1,485

1,314

1,247

1,033

-

-

Mortgage banking

-

-

282

171

92

-

-

-

-

Wealth management

-

-

-

-

-

-

-

785

834

Increase in cash surrender value of BOLI

216

223

226

228

235

238

242

246

250

Gain on sale of investment securities, net

-

50

-

-

-

-

-

-

-

Gain on sale of investment securities, net

-

-

431

78

858

610

418

38

2,007

Gain on sale of loans

38

153

39

484

-

162

-

-

-

Gains from insurance proceeds

8

203

1,180

120

-

-

-

-

-

Gains on sale of loans

-

-

-

-

-

-

158

281

-

Other fees

-

-

1,426

1,312

1,233

1,231

1,318

1,173

1,062

Total non-interest income

5,245

5,418

6,364

5,009

4,958

4,795

4,528

3,666

5,430

Non-interest Expense:
Salaries and employee benefits

15,552

15,204

12,299

10,551

9,998

9,437

9,009

8,776

8,354

Furniture and equipment

2,166

2,065

1,493

1,239

1,289

1,143

1,234

1,267

1,393

Occupancy

2,629

2,679

2,083

1,919

2,119

2,011

1,899

1,903

1,717

Professional and consulting

1,739

1,922

1,339

1,185

1,216

1,163

1,292

1,130

1,166

Advertising and marketing

711

755

707

631

662

642

584

635

533

Printing and supplies

212

231

191

161

165

149

163

144

158

FDIC insurance

479

602

507

497

455

512

470

562

809

FHLBP prepayment penalties

-

-

-

-

-

-

-

-

560

PA shares tax

965

867

634

602

602

620

566

516

466

Telecommunications

339

350

297

245

252

231

211

209

231

Telecommunications

339

350

297

-

-

-

-

209

231

Loss on sale or write down of OREO, net

-171

-121

-644

-

-7

106

-440

-23

-

Loss on sale or write down of OREO, net

-

-

-

134

-

-

-

-

-

Due diligence and merger expense

-

77

2,241

-

-

-

-

-

-

Other expenses

2,912

3,148

2,206

1,865

1,867

1,648

1,834

1,583

1,516

Total non-interest expense

27,875

28,021

24,641

19,029

18,632

17,450

17,702

16,748

16,903

Income before income tax expense

12,974

13,402

6,848

6,641

6,481

5,139

7,345

6,968

5,299

Income tax expense

2,290

5,456

1,869

1,503

1,677

1,220

2,106

2,066

1,629

Net income

10,684

7,946

4,979

5,138

4,804

3,919

5,239

4,902

3,670

Preferred stock dividends

-

-

-

50

-

-

-

-

-

Preferred stock dividends and accretion of discount

-

-

-

-

-

148

332

779

618

Preferred stock dividends

-

-

-

-

135

-

-

-

-

Net income available to common shareholders

-

-

-

5,088

4,669

3,771

4,907

4,123

3,052

Earnings per common share:
Basic

2.48

1.87

1.56

1.82

1.69

1.38

1.81

1.54

1.16

Diluted

2.48

1.85

1.55

1.79

1.66

1.36

1.79

1.53

1.16

Cash dividends per common share

0.28

0.28

0.28

0.28

0.28

0.28

0.20

0.12

0.12

Weighted average common shares outstanding:
Basic

4,303

4,260

3,186

2,801

2,766

2,742

2,710

2,674

2,635

Diluted

4,315

4,290

3,218

2,847

2,812

2,780

2,739

2,695

2,637

Service Charges [Member]
Non-interest Income

1,119

1,223

-

-

-

-

-

-

-

Wealth Management [Member]
Non-interest Income

1,955

1,713

-

-

-

-

-

-

-

Mortgage Banking [Member]
Non-interest Income

243

148

-

-

-

-

-

-

-

Other Fees [Member]
Non-interest Income

1,666

1,705

-

-

-

-

-

-

-