DNB FINANCIAL CORP /PA/ DNBF Income Statement

Dnb financial corp /pa/ (DNBF)

Income statement / Quarterly

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:
Interest and fees on loans
11,137	11,358	11,290	11,217	10,588	10,164	9,882	10,165	9,994	9,574	9,521	9,567	5,218	5,091	5,068	5,076	5,083	5,011	4,912	4,978	4,948	4,857	4,805	4,784	4,700	4,875	4,824	5,207	5,654	5,555	5,505	5,612	5,758	5,675	5,606	5,387	5,239
Interest and dividends on investment securities: Taxable
630	812	811	811	754	862	793	808	721	757	697	746	716	752	682	747	714	759	735	730	671	739	710	747	713	720	681	781	798	861	723	695	779	939	837	1,122	1,245
Interest and dividends on investment securities: Exempt from federal taxes
207	211	216	220	219	218	217	224	236	236	242	266	316	294	334	357	354	346	342	290	275	275	276	282	284	275	257	193	168	122	121	-	95	1	-	-	19
Interest on cash and cash equivalents
271	138	43	90	74	45	21	44	38	94	34	38	27	43	21	10	10	15	7	14	11	6	11	15	26	17	12	15	6	10	10	9	19	19	9	13	23
Total interest and dividend income
12,245	12,519	12,360	12,338	11,635	11,289	10,913	11,241	10,989	10,661	10,494	10,617	6,277	6,180	6,105	6,190	6,161	6,131	5,996	6,012	5,905	5,877	5,802	5,828	5,723	5,887	5,774	6,196	6,626	6,548	6,359	6,437	6,651	6,634	6,452	6,522	6,526
Interest Expense:
Interest on NOW, money market and savings
1,161	1,109	1,051	1,040	998	994	830	611	606	588	484	416	230	194	164	140	148	153	149	133	121	132	155	174	184	188	194	220	226	232	223	214	254	280	297	410	504
Interest on time deposits
1,014	916	828	745	579	333	325	336	307	313	301	310	139	140	117	105	84	98	109	131	149	194	223	247	256	277	291	328	366	403	434	479	527	584	600	688	765
Interest on brokered deposits
494	592	611	592	457	414	199	192	160	94	92	87	81	71	62	61	68	26	24	-	23	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on FHLB advances
138	145	225	148	199	239	301	230	185	168	169	175	92	90	94	198	198	197	194	170	148	149	146	149	150	148	206	213	213	211	211	213	213	211	227	332	328
Interest on repurchase agreements
-	-	-	1	2	6	6	7	8	7	6	10	9	10	11	16	16	10	9	10	10	9	10	9	11	11	14	15	15	19	22	28	38	39	37	41	54
Interest on junior subordinated debentures
122	129	127	125	122	113	105	100	99	95	92	90	89	84	81	77	77	73	74	74	75	73	73	76	75	76	76	80	81	82	81	77	75	76	80	77	100
Interest on subordinated debt
104	103	104	103	104	103	104	103	104	103	104	103	104	103	104	104	103	104	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
9	10	16	26	23	19	16	14	14	14	14	15	16	16	17	16	17	17	17	18	18	19	18	19	19	19	19	20	20	20	20	21	21	21	32	22	21
Total interest expense
3,042	3,004	2,962	2,780	2,484	2,221	1,886	1,593	1,483	1,382	1,262	1,206	760	708	650	717	711	678	606	561	544	581	625	674	695	719	800	876	921	967	991	1,032	1,128	1,211	1,273	1,570	1,772
Net interest income
9,203	9,515	9,398	9,558	9,151	9,068	9,027	9,648	9,506	9,279	9,232	9,411	5,517	5,472	5,455	5,473	5,450	5,453	5,390	5,451	5,361	5,296	5,177	5,154	5,028	5,168	4,974	5,320	5,705	5,581	5,368	5,405	5,523	5,423	5,179	4,952	4,754
Provision for credit losses
325	100	200	350	100	375	375	375	375	585	325	100	100	200	330	290	100	415	300	200	300	255	375	375	1,600	375	180	180	375	475	425	1,054	426	-426	426	615	400
Net interest income after provision for credit losses
8,878	9,415	9,198	9,208	9,051	8,693	8,652	9,273	9,131	8,694	8,907	9,311	5,417	5,272	5,125	5,183	5,350	5,038	5,090	5,251	5,061	5,041	4,802	4,779	3,428	4,793	4,794	5,140	5,330	5,106	4,943	5,203	5,097	4,997	4,753	4,337	4,354
Non-interest Income:
Service charges
-	-	-	-	-	-	-	-	282	291	363	319	280	240	307	271	292	272	296	291	303	302	330	318	329	315	345	349	341	329	340	312	290	265	276	304	329
Wealth management
-	-	-	-	-	-	-	-	411	471	374	403	393	441	397	394	317	422	352	335	343	325	311	310	345	301	291	-	223	-	-	-	-	-	-	-	-
Mortgage banking
-	-	-	-	-	-	-	-	62	14	36	93	76	81	32	44	38	51	38	-	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	234	233	198	158	221	208	160	200
Increase in cash surrender value of BOLI
55	53	52	58	54	52	52	58	55	55	55	60	56	55	55	60	57	56	55	62	58	57	58	62	60	58	58	64	60	59	59	65	61	60	60	63	62
Gain on sale of investment securities, net
121	1	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	25	-	0	197	203	31	4	10	11	53	435	86	102	235	115	281	155	59	-	161	79	-	36	0	1	1	399	279
Gain on sale of loans
-	-	-	-	27	10	-	-	35	97	-	0	0	0	39	68	0	185	231	-	-	-	-	0	-1	16	147	-	-	-	-	-	-	-	-	-	-
Gains from insurance proceeds
-	-	-	-	8	-	-	123	0	0	80	0	30	0	1,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	158	-	1	56	93	131	-	-
Other fees
-	-	-	-	-	-	-	-	426	469	398	404	337	367	318	338	323	341	310	313	307	328	285	310	308	314	299	423	306	299	290	286	295	307	285	264	282
Total non-interest income
1,483	1,344	1,274	1,269	1,371	1,332	1,273	1,419	1,271	1,422	1,306	1,279	1,369	1,387	2,329	1,299	1,037	1,338	1,335	1,498	1,127	1,114	1,219	1,114	1,323	1,159	1,199	1,357	1,091	1,158	922	899	859	947	961	1,190	1,152
Non-interest Expense:
Salaries and employee benefits
3,602	3,785	3,853	3,810	3,709	4,261	3,772	3,913	3,926	3,724	3,641	3,663	2,817	2,693	3,126	2,654	2,615	2,638	2,644	2,592	2,431	2,472	2,503	2,417	2,405	2,251	2,364	2,254	2,268	2,174	2,313	2,272	2,159	2,145	2,200	2,098	2,115
Furniture and equipment
548	663	541	563	564	550	489	539	525	505	496	400	422	342	329	331	303	303	302	315	311	332	331	299	280	280	284	299	300	316	319	304	313	319	331	343	363
Occupancy
653	627	725	642	656	634	697	673	631	656	719	624	524	467	468	419	431	466	603	482	497	521	619	515	485	492	519	491	469	463	476	442	488	447	526	413	399
Professional and consulting
411	440	577	428	484	424	403	588	485	456	393	203	306	333	497	279	317	261	328	296	296	306	318	277	306	263	317	356	318	306	312	298	269	264	299	284	319
Advertising and marketing
97	225	195	143	182	204	182	180	135	274	166	247	111	166	183	151	141	170	169	162	149	196	155	172	143	167	160	152	117	137	178	147	141	191	156	97	177
FDIC insurance
-7	-	-	-	123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Printing and supplies
-	-	-	-	-	-	-	-	-	86	50	62	36	60	33	39	35	39	48	36	42	48	39	34	27	47	41	32	30	65	36	33	29	45	37	40	44
FDIC insurance
-	95	114	-	-	122	118	96	161	150	195	184	73	121	129	121	129	124	123	100	123	120	112	137	112	158	105	118	119	126	107	129	124	117	192	200	209
FHLBP prepayment penalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
PA shares tax
259	260	260	238	242	243	242	190	219	233	225	158	157	157	162	150	151	151	150	151	151	150	150	160	153	153	154	143	141	141	141	129	129	129	129	-	-
Telecommunications
89	90	88	85	89	84	81	85	87	88	90	112	63	61	61	61	63	60	61	64	68	63	57	60	56	57	58	64	42	54	51	55	52	54	48	-	-
Postage
-	-	-	-	-	-	-	-	-	27	35	-	28	21	21	-	20	22	23	-	17	22	20	-	18	20	21	-	26	23	15	-	16	-	-	-	-
Telecommunications
89	90	88	85	89	84	81	85	87	88	90	-	63	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	52	54	48	-	-
Loss on sale or write down of OREO, net
-15	-37	-113	-	-11	-140	-	0	-7	-115	1	-	-160	-4	-	-	-	-	-	0	0	-1	-6	134	0	-18	-10	-211	-212	0	-17	-	-1	-	-	-	0
Transaction costs
362	519	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale or write down of OREO, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due diligence and merger expense
-	-	-	-	-	-	-	0	0	26	51	-	1,498	275	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
707	771	812	575	713	878	746	905	814	744	685	816	509	472	409	602	400	490	373	593	447	443	384	458	469	366	355	603	409	470	352	469	397	381	336	589	520
Total non-interest expense
6,736	7,512	7,278	6,832	6,773	7,540	6,730	7,202	6,990	7,084	6,745	7,347	6,704	5,172	5,418	4,722	4,759	4,724	4,824	4,732	4,532	4,674	4,694	4,336	4,454	4,272	4,388	4,659	4,451	4,275	4,317	4,285	4,117	4,092	4,254	4,064	4,146
Income before income tax expense
3,625	3,247	3,194	3,645	3,649	2,485	3,195	3,490	3,412	3,032	3,468	3,243	82	1,487	2,036	1,760	1,628	1,652	1,601	2,017	1,656	1,481	1,327	1,557	297	1,680	1,605	1,838	1,970	1,989	1,548	1,817	1,839	1,852	1,460	1,463	1,360
Income tax expense
755	660	607	643	629	436	582	2,682	1,001	746	1,027	930	81	378	480	378	359	417	349	566	427	361	323	396	-36	430	430	517	554	589	446	513	544	564	445	470	413
Net income
2,870	2,587	2,587	3,002	3,020	2,049	2,613	808	2,411	2,286	2,441	2,313	1	1,109	1,556	1,382	1,269	1,235	1,252	1,451	1,229	1,120	1,004	1,161	333	1,250	1,175	1,321	1,416	1,400	1,102	1,304	1,295	1,288	1,015	993	947
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	8	26	-	33	33	37	37	38	36	37	37	37	130	128	139	331	154	155	154	155
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,374	1,261	1,227	1,226	1,419	1,196	1,087	967	1,124	295	1,214	1,138	1,284	1,379	1,270	974	1,165	964	1,134	860	839	792
Earnings per common share:
Basic
0.66	0.60	0.60	0.69	0.70	0.48	0.61	0.19	0.57	0.54	0.57	0.62	0.00	0.39	0.55	0.49	0.45	0.44	0.44	0.52	0.43	0.39	0.35	0.41	0.11	0.44	0.42	0.47	0.51	0.47	0.36	0.43	0.36	0.43	0.32	0.32	0.30
Diluted
0.66	0.60	0.60	0.70	0.70	0.47	0.61	0.19	0.56	0.53	0.57	0.62	0.00	0.39	0.54	0.49	0.44	0.43	0.43	0.50	0.43	0.38	0.35	0.41	0.10	0.44	0.41	0.47	0.50	0.46	0.36	0.43	0.36	0.42	0.32	0.32	0.30
Cash dividends per common share
0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.03	0.03
Weighted average common shares outstanding:
Basic
4,334	4,331	4,327	4,316	4,307	4,298	4,290	4,274	4,262	4,257	4,246	4,210	2,853	2,848	2,832	2,812	2,806	2,802	2,786	2,776	2,769	2,763	2,758	2,754	2,749	2,740	2,725	2,719	2,714	2,707	2,701	2,686	2,677	2,670	2,664	2,640	2,631
Diluted
4,341	4,336	4,329	4,320	4,317	4,314	4,308	4,297	4,296	4,292	4,274	4,237	2,885	2,882	2,869	2,857	2,852	2,847	2,832	2,821	2,816	2,809	2,802	2,799	2,788	2,773	2,761	2,753	2,744	2,735	2,725	2,696	2,696	2,689	2,697	2,640	2,631
Service Charges [Member]
Non-interest Income
251	246	291	271	274	261	313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth Management [Member]
Non-interest Income
514	529	445	466	542	512	435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking [Member]
Non-interest Income
70	72	74	50	56	76	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Fees [Member]
Non-interest Income
472	443	409	423	410	421	412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-