DNB FINANCIAL CORP /PA/ DNBF Income Statement

Dnb financial corp /pa/ (DNBF)

Income statement / TTM

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
45,002	44,453	43,259	41,851	40,799	40,205	39,615	39,254	38,656	33,880	29,397	24,944	20,453	20,318	20,238	20,082	19,984	19,849	19,695	19,588	19,394	19,146	19,164	19,183	19,606	20,560	21,240	21,921	22,326	22,430	22,550	22,651	22,426	21,907	0	0	0
Interest and dividends on investment securities: Taxable
3,064	3,188	3,238	3,220	3,217	3,184	3,079	2,983	2,921	2,916	2,911	2,896	2,897	2,895	2,902	2,955	2,938	2,895	2,875	2,850	2,867	2,909	2,890	2,861	2,895	2,980	3,121	3,163	3,077	3,058	3,136	3,250	3,677	4,143	0	0	0
Interest and dividends on investment securities: Exempt from federal taxes
854	866	873	874	878	895	913	938	980	1,060	1,118	1,210	1,301	1,339	1,391	1,399	1,332	1,253	1,182	1,116	1,108	1,117	1,117	1,098	1,009	893	740	604	506	339	0	-	0	0	-	-	0
Interest on cash and cash equivalents
542	345	252	230	184	148	197	210	204	193	142	129	101	84	56	42	46	47	38	42	43	58	69	70	70	50	43	41	35	48	57	56	60	64	0	0	0
Total interest and dividend income
49,462	48,852	47,622	46,175	45,078	44,432	43,804	43,385	42,761	38,049	33,568	29,179	24,752	24,636	24,587	24,478	24,300	24,044	23,790	23,596	23,412	23,230	23,240	23,212	23,580	24,483	25,144	25,729	25,970	25,995	26,081	26,174	26,259	26,134	0	0	0
Interest Expense:
Interest on NOW, money market and savings
4,361	4,198	4,083	3,862	3,433	3,041	2,635	2,289	2,094	1,718	1,324	1,004	728	646	605	590	583	556	535	541	582	645	701	740	786	828	872	901	895	923	971	1,045	1,241	1,491	0	0	0
Interest on time deposits
3,503	3,068	2,485	1,982	1,573	1,301	1,281	1,257	1,231	1,063	890	706	501	446	404	396	422	487	583	697	813	920	1,003	1,071	1,152	1,262	1,388	1,531	1,682	1,843	2,024	2,190	2,399	2,637	0	0	0
Interest on brokered deposits
2,289	2,252	2,074	1,662	1,262	965	645	538	433	354	331	301	275	262	217	179	141	78	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on FHLB advances
656	717	811	887	969	955	884	752	697	604	526	451	474	580	687	787	759	709	661	613	592	594	593	653	717	780	843	848	848	848	848	864	983	1,098	0	0	0
Interest on repurchase agreements
-	-	-	15	21	27	28	28	31	32	35	40	46	53	53	51	45	39	38	39	38	39	41	45	51	55	63	71	84	107	127	142	155	171	0	0	0
Interest on junior subordinated debentures
503	503	487	465	440	417	399	386	376	366	355	344	331	319	308	301	298	296	296	295	297	297	300	303	307	313	319	324	321	315	309	308	308	333	0	0	0
Interest on subordinated debt
414	414	414	414	414	414	414	414	414	414	414	414	415	414	415	341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
61	75	84	84	72	63	58	56	57	59	61	64	65	66	67	67	69	70	72	73	74	75	75	76	77	78	79	80	81	82	83	95	96	96	0	0	0
Total interest expense
11,788	11,230	10,447	9,371	8,184	7,183	6,344	5,720	5,333	4,610	3,936	3,324	2,835	2,786	2,756	2,712	2,556	2,389	2,292	2,311	2,424	2,575	2,713	2,888	3,090	3,316	3,564	3,755	3,911	4,118	4,362	4,644	5,182	5,826	0	0	0
Net interest income
37,674	37,622	37,175	36,804	36,894	37,249	37,460	37,665	37,428	33,439	29,632	25,855	21,917	21,850	21,831	21,766	21,744	21,655	21,498	21,285	20,988	20,655	20,527	20,324	20,490	21,167	21,580	21,974	22,059	21,877	21,719	21,530	21,077	20,308	0	0	0
Provision for credit losses
975	750	1,025	1,200	1,225	1,500	1,710	1,660	1,385	1,110	725	730	920	920	1,135	1,105	1,015	1,215	1,055	1,130	1,305	2,605	2,725	2,530	2,335	1,110	1,210	1,455	2,329	2,380	1,479	1,480	1,041	1,015	0	0	0
Net interest income after provision for credit losses
36,699	36,872	36,150	35,604	35,669	35,749	35,750	36,005	36,043	32,329	28,907	25,125	20,997	20,930	20,696	20,661	20,729	20,440	20,443	20,155	19,683	18,050	17,802	17,794	18,155	20,057	20,370	20,519	20,582	20,349	20,240	20,050	19,184	18,441	0	0	0
Non-interest Income:
Service charges
-	-	-	-	-	-	-	-	1,255	1,253	1,202	1,146	1,098	1,110	1,142	1,131	1,151	1,162	1,192	1,226	1,253	1,279	1,292	1,307	1,338	1,350	1,364	1,359	1,322	1,271	1,207	1,143	1,135	1,174	0	0	0
Wealth management
-	-	-	-	-	-	-	-	1,659	1,641	1,611	1,634	1,625	1,549	1,530	1,485	1,426	1,452	1,355	1,314	1,289	1,291	1,267	1,247	1,160	0	0	-	0	-	-	-	-	-	-	-	-
Mortgage banking
-	-	-	-	-	-	-	-	205	219	286	282	233	195	165	171	157	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	823	810	785	747	789	0	0	0
Increase in cash surrender value of BOLI
218	217	216	216	216	217	220	223	225	226	226	226	226	227	228	228	230	231	232	235	235	237	238	238	240	240	241	242	243	244	245	246	244	245	0	0	0
Gain on sale of investment securities, net
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	0	-	431	435	248	56	78	509	585	676	858	538	733	786	610	656	454	0	-	0	0	-	38	401	680	0	0	0
Gain on sale of loans
-	-	-	-	0	0	-	-	0	0	-	39	107	107	292	484	0	0	0	-	-	-	-	162	0	0	0	-	-	-	-	-	-	-	-	-	-
Gains from insurance proceeds
-	-	-	-	0	-	-	203	80	110	110	1,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	281	0	0	0	-	-
Other fees
-	-	-	-	-	-	-	-	1,697	1,608	1,506	1,426	1,360	1,346	1,320	1,312	1,287	1,271	1,258	1,233	1,230	1,231	1,217	1,231	1,344	1,342	1,327	1,318	1,181	1,170	1,178	1,173	1,151	1,138	0	0	0
Total non-interest income
5,370	5,258	5,246	5,245	5,395	5,295	5,385	5,418	5,278	5,376	5,341	6,364	6,384	6,052	6,003	5,009	5,208	5,298	5,074	4,958	4,574	4,770	4,815	4,795	5,038	4,806	4,805	4,528	4,070	3,838	3,627	3,666	3,957	4,250	0	0	0
Non-interest Expense:
Salaries and employee benefits
15,050	15,157	15,633	15,552	15,655	15,872	15,335	15,204	14,954	13,845	12,814	12,299	11,290	11,088	11,033	10,551	10,489	10,305	10,139	9,998	9,823	9,797	9,576	9,437	9,274	9,137	9,060	9,009	9,027	8,918	8,889	8,776	8,602	8,558	0	0	0
Furniture and equipment
2,315	2,331	2,218	2,166	2,142	2,103	2,058	2,065	1,926	1,823	1,660	1,493	1,424	1,305	1,266	1,239	1,223	1,231	1,260	1,289	1,273	1,242	1,190	1,143	1,143	1,163	1,199	1,234	1,239	1,252	1,255	1,267	1,306	1,356	0	0	0
Occupancy
2,647	2,650	2,657	2,629	2,660	2,635	2,657	2,679	2,630	2,523	2,334	2,083	1,878	1,785	1,784	1,919	1,982	2,048	2,103	2,119	2,152	2,140	2,111	2,011	1,987	1,971	1,942	1,899	1,850	1,869	1,853	1,903	1,874	1,785	0	0	0
Professional and consulting
1,856	1,929	1,913	1,739	1,899	1,900	1,932	1,922	1,537	1,358	1,235	1,339	1,415	1,426	1,354	1,185	1,202	1,181	1,226	1,216	1,197	1,207	1,164	1,163	1,242	1,254	1,297	1,292	1,234	1,185	1,143	1,130	1,116	1,166	0	0	0
Advertising and marketing
660	745	724	711	748	701	771	755	822	798	690	707	611	641	645	631	642	650	676	662	672	666	637	642	622	596	566	584	579	603	657	635	585	621	0	0	0
FDIC insurance
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Printing and supplies
-	-	-	-	-	-	-	-	-	234	208	191	168	167	146	161	158	165	174	165	163	148	147	149	147	150	168	163	164	163	143	144	151	166	0	0	0
FDIC insurance
-	448	475	-	-	497	525	602	690	602	573	507	444	500	503	497	476	470	466	455	492	481	519	512	493	500	468	470	481	486	477	562	633	718	0	0	0
FHLBP prepayment penalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
PA shares tax
1,017	1,000	983	965	917	894	884	867	835	773	697	634	626	620	614	602	603	603	602	602	611	613	616	620	603	591	579	566	552	540	528	516	0	0	0	-	-
Telecommunications
352	352	346	339	339	337	341	350	377	353	326	297	246	246	245	245	248	253	256	252	248	236	230	231	235	221	218	211	202	212	212	209	0	0	0	-	-
Postage
-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	-	-
Telecommunications
352	352	346	339	339	337	341	350	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	0	0	0	-	-
Loss on sale or write down of OREO, net
-176	-301	0	-	0	0	-	-121	0	0	0	-	0	0	-	-	-	-	-	-7	127	127	110	106	-239	-451	-433	-440	-230	0	0	-	0	-	-	-	0
Transaction costs
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale or write down of OREO, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due diligence and merger expense
-	-	-	-	-	-	-	77	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
2,865	2,871	2,978	2,912	3,242	3,343	3,209	3,148	3,059	2,754	2,482	2,206	1,992	1,883	1,901	1,865	1,856	1,903	1,856	1,867	1,732	1,754	1,677	1,648	1,793	1,733	1,837	1,834	1,700	1,688	1,599	1,583	1,703	1,826	0	0	0
Total non-interest expense
28,358	28,395	28,423	27,875	28,245	28,462	28,006	28,021	28,166	27,880	25,968	24,641	22,016	20,071	19,623	19,029	19,039	18,812	18,762	18,632	18,236	18,158	17,756	17,450	17,773	17,770	17,773	17,702	17,328	16,994	16,811	16,748	16,527	16,556	0	0	0
Income before income tax expense
13,711	13,735	12,973	12,974	12,819	12,582	13,129	13,402	13,155	9,825	8,280	6,848	5,365	6,911	7,076	6,641	6,898	6,926	6,755	6,481	6,021	4,662	4,861	5,139	5,420	7,093	7,402	7,345	7,324	7,193	7,056	6,968	6,614	6,135	0	0	0
Income tax expense
2,665	2,539	2,315	2,290	4,329	4,701	5,011	5,456	3,704	2,784	2,416	1,869	1,317	1,595	1,634	1,503	1,691	1,759	1,703	1,677	1,507	1,044	1,113	1,220	1,341	1,931	2,090	2,106	2,102	2,092	2,067	2,066	2,023	1,892	0	0	0
Net income
11,046	11,196	10,658	10,684	8,490	7,881	8,118	7,946	9,451	7,041	5,864	4,979	4,048	5,316	5,442	5,138	5,207	5,167	5,052	4,804	4,514	3,618	3,748	3,919	4,079	5,162	5,312	5,239	5,222	5,101	4,989	4,902	4,591	4,243	0	0	0
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	140	145	148	148	148	147	241	332	434	728	752	779	794	618	0	0	0
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,088	5,133	5,068	4,928	4,669	4,374	3,473	3,600	3,771	3,931	5,015	5,071	4,907	4,788	4,373	4,237	4,123	3,797	3,625	0	0	0
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
1,059	1,082	1,097	1,119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth Management [Member]
Non-interest Income
1,954	1,982	1,965	1,955	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking [Member]
Non-interest Income
266	252	256	243	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Fees [Member]
Non-interest Income
1,747	1,685	1,663	1,666	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-