First Business Financial Services, Inc. FBIZ Income Statement

First business financial services, inc. (FBIZ)

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 and leases
21,849	24,196	23,922	23,904	24,207	23,058	22,266	21,243	19,661	18,468	17,686	18,284	17,522	19,465	18,016	18,701	18,445	17,807	17,323	16,680	17,325	15,953	12,968	12,651	12,475	12,833	12,669	12,283	12,453	12,266	13,095	13,038	12,726	12,916	13,047	13,049	12,920	13,031	12,742
Securities
1,188	1,173	1,194	1,175	1,095	1,046	1,002	938	856	822	771	776	779	744	698	681	722	716	722	748	776	799	821	855	867	855	841	809	810	842	890	854	831	895	1,048	1,106	1,117	1,120	1,166
Short-term investments
335	245	322	230	377	418	295	287	205	215	177	165	146	112	184	173	176	77	90	92	115	111	82	59	60	75	76	50	56	50	47	51	76	43	24	19	33	25	32
Total interest income
23,372	25,614	25,438	25,309	25,679	24,522	23,563	22,468	20,722	19,505	18,634	19,225	18,447	20,321	18,898	19,555	19,343	18,600	18,135	17,520	18,216	16,863	13,871	13,565	13,402	13,763	13,586	13,142	13,319	13,158	14,032	13,943	13,633	13,854	14,119	14,174	14,070	14,176	13,940
Interest expense
Deposits
4,116	4,898	6,006	6,258	5,796	5,262	4,232	3,209	2,830	2,766	2,708	2,658	2,673	2,755	2,870	3,038	3,053	2,930	2,785	2,593	2,569	2,560	2,405	2,337	2,168	2,289	2,398	2,454	2,598	2,848	3,102	3,332	3,744	4,008	4,107	4,350	4,650	5,011	5,213
Federal Home Loan Bank advances and other borrowings
1,929	1,961	2,376	1,922	1,855	1,864	1,957	2,051	1,416	1,099	763	811	612	532	453	499	474	478	460	461	443	427	251	152	159	210	209	218	218	599	735	724	686	661	628	578	662	725	759
Junior subordinated notes
277	281	280	277	274	281	280	277	274	281	280	277	274	281	280	277	277	280	280	278	274	281	280	277	274	280	280	277	274	280	280	278	277	281	280	277	274	280	277
Total interest expense
6,322	7,140	8,662	8,457	7,925	7,407	6,469	5,537	4,520	4,146	3,751	3,746	3,559	3,568	3,603	3,814	3,804	3,688	3,525	3,332	3,286	3,268	2,936	2,766	2,601	2,779	2,887	2,949	3,090	3,727	4,117	4,334	4,707	4,950	5,015	5,205	5,586	6,016	6,249
Net interest income
17,050	18,474	16,776	16,852	17,754	17,115	17,094	16,931	16,202	15,359	14,883	15,479	14,888	16,753	15,295	15,741	15,539	14,912	14,610	14,188	14,930	13,595	10,935	10,799	10,801	10,984	10,699	10,193	10,229	9,431	9,915	9,609	8,926	8,904	9,104	8,969	8,484	8,160	7,691
Provision for loan and lease losses
3,182	1,471	1,349	-784	49	983	-546	2,579	2,476	473	1,471	3,656	572	994	3,537	2,762	525	1,895	287	520	684	1,236	-89	-91	180	-1,202	109	54	80	844	850	2,045	504	937	435	1,474	1,404	1,954	1,069
Net interest income after provision for loan and lease losses
13,868	17,003	15,427	17,636	17,705	16,132	17,640	14,352	13,726	14,886	13,412	11,823	14,316	15,759	11,758	12,979	15,014	13,017	14,323	13,668	14,246	12,359	11,024	10,890	10,621	12,186	10,590	10,139	10,149	8,587	9,065	7,564	8,422	7,967	8,669	7,495	7,080	6,206	6,622
Non-interest income
Private wealth management service fees
2,112	2,072	2,060	2,138	1,927	1,918	1,941	1,987	1,898	-	1,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust and investment service fees
-	-	-	-	-	-	-	-	-	-	-	1,648	1,629	-	1,364	1,344	1,273	1,217	1,251	1,279	1,207	1,119	1,137	1,110	1,068	983	976	970	827	749	736	755	687	614	622	655	641	572	599
Gain on sale of Small Business Administration loans
265	466	454	297	242	267	641	274	269	90	606	535	360	546	347	2,131	1,376	1,725	927	842	505	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of residential mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	49	198	198	145	115	244	222	148	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposits
818	789	795	743	777	770	788	720	784	-	756	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan fees
485	450	439	464	414	408	459	389	527	-	391	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	766	765	-	772	733	742	718	705	693	696	682	620	600	567	574	549	544	483	524	532	493	479	497	425	417	373	423	414
Loan fees
-	-	-	-	-	-	-	-	-	-	-	675	458	-	506	676	609	700	486	499	502	421	386	380	390	309	296	332	358	781	502	345	398	402	380	368	331	311	285
Increase in cash surrender value of bank-owned life insurance
295	304	305	297	292	301	301	297	292	309	314	316	311	244	244	243	243	245	243	238	234	232	215	209	206	211	215	212	207	179	178	176	170	173	170	168	167	166	171
Net loss on sale of securities
-4	-	-4	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial loan swap fees
1,681	2,267	374	1,051	473	661	306	70	633	42	418	250	199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of loans and leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit, merchant and debit card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	64	55	-	53	58	-	-	-
Credit, merchant and debit card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	56	57
Other non-interest income
762	882	1,369	815	513	326	435	245	264	531	201	548	341	249	209	498	206	208	246	353	556	119	101	59	90	114	88	116	78	485	251	71	61	172	78	78	108	143	159
Total non-interest income
6,414	7,188	5,792	5,805	4,638	4,647	4,871	3,982	4,667	3,525	4,339	4,738	4,063	3,931	3,640	5,823	4,594	4,935	4,102	4,126	3,848	2,965	2,459	2,358	2,321	2,191	2,124	2,174	1,953	2,696	2,249	1,904	1,850	1,916	1,728	1,744	1,672	1,671	1,685
Non-interest expense
Compensation
11,052	11,029	10,324	10,503	10,165	9,433	9,819	9,116	9,071	6,953	7,645	8,382	8,683	7,091	7,637	8,447	8,370	6,945	7,320	6,924	7,354	6,486	5,193	4,741	5,057	4,459	4,586	4,507	4,726	4,563	4,224	4,226	4,005	3,485	3,840	3,836	3,737	3,434	3,402
Occupancy
572	564	580	559	590	559	560	544	529	567	527	519	475	481	530	500	508	501	486	486	500	428	324	315	324	314	314	312	328	312	294	332	332	326	351	358	341	360	376
Professional fees
819	958	751	784	1,210	879	1,027	928	1,035	1,017	995	1,041	1,010	1,144	1,065	961	861	1,121	1,268	1,515	989	1,204	674	895	632	462	500	434	572	355	400	447	432	356	369	345	427	335	321
Data processing
677	638	654	689	581	613	512	626	611	890	592	635	584	1,327	623	697	651	606	587	655	530	483	389	423	415	347	349	402	402	326	326	350	317	308	311	324	310	294	297
Marketing
461	610	548	581	482	618	593	591	333	563	594	582	370	628	528	448	734	549	693	701	642	542	409	364	347	374	344	352	285	379	300	279	266	172	295	248	279	180	182
Equipment
291	292	277	272	389	345	403	343	343	343	285	300	283	276	292	341	280	316	308	298	308	250	145	125	130	127	127	135	139	115	141	122	112	102	125	105	114	115	115
Computer software
889	929	859	827	799	780	814	679	742	686	715	639	683	553	539	574	494	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance
208	45	1	302	293	353	457	369	299	307	320	381	380	483	444	254	291	227	260	220	213	216	179	173	190	174	169	193	205	186	426	533	587	585	571	571	759	791	756
Collateral liquidation costs (recovery)
121	11	110	89	-91	193	230	222	1	289	371	77	92	58	89	68	47	70	22	78	302	44	32	85	159	29	108	73	-14	204	264	79	108	212	155	177	242	287	333
Net loss on foreclosed properties
-102	17	-262	21	0	-	-30	0	-	-	0	-	-	-	0	-93	-	-7	163	-1	16	5	9	-4	0	118	48	-79	30	-357	14	-67	-175	-261	-29	-79	-51	6	95
Tax credit investment impairment
113	-	-	-	2,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax credit investment (recovery) impairment
-	-	-120	2,088	-	-	113	329	113	2,447	112	112	113	171	3,314	94	112	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SBA Recourse (Benefit) Provision
-	-	-	-	-	-	-	-	-295	145	1,315	774	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SBA recourse provision
25	21	-427	113	481	-	314	99	-	-	-	-	-	-	375	74	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,689
Other non-interest expense
816	1,581	897	678	829	810	874	621	1,125	795	760	779	881	663	317	907	351	-307	1,203	1,096	910	479	711	624	598	2,388	698	1,003	565	649	890	697	498	442	704	595	500	589	845
Total non-interest expense
16,146	16,773	14,716	17,464	17,742	18,243	15,746	14,467	13,907	14,859	14,231	14,221	13,560	14,523	15,753	13,458	12,699	11,684	11,984	11,974	11,732	10,127	8,047	7,749	7,852	8,556	7,147	7,490	7,178	7,446	7,251	7,132	6,832	6,249	6,750	6,638	6,760	6,379	9,221
Income before income tax expense (benefit)
4,136	7,418	6,503	5,977	4,601	2,536	6,765	3,867	4,486	3,552	3,520	2,340	4,819	5,167	-355	5,344	6,909	6,268	6,441	5,820	6,362	5,197	5,436	5,499	5,090	5,821	5,567	4,823	4,924	3,837	4,063	2,336	3,440	3,634	3,647	2,601	1,992	1,498	-914
Income tax expense (benefit)
858	1,650	1,418	-595	-1,298	-1,528	1,464	578	837	-486	936	454	1,422	1,199	-3,020	1,621	2,356	2,185	2,060	1,962	2,170	1,453	1,883	1,994	1,753	2,061	1,958	1,690	1,680	1,308	1,441	771	1,230	1,250	1,468	88	643	529	611
Net Income (Loss) Attributable to Parent
3,278	5,768	5,085	6,572	5,899	4,064	5,301	3,289	3,649	4,038	2,584	1,886	3,397	3,968	2,665	3,723	4,553	4,083	4,381	3,858	4,192	3,744	3,553	3,505	3,337	3,760	3,609	3,133	3,244	2,529	2,622	1,565	2,210	2,384	2,179	2,513	1,349	969	-1,525
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.38	0.67	0.59	0.75	0.67	0.46	0.60	0.38	0.42	0.45	0.30	0.22	0.39	0.45	0.31	0.43	0.52	0.47	0.50	0.45	0.48	-0.43	0.45	0.89	0.85	-0.80	0.92	0.80	0.83	0.87	0.99	0.60	0.84	0.91	0.83	0.97	0.52	0.38	-0.60
Earnings Per Share, Diluted
0.38	0.67	0.59	0.75	0.67	0.46	0.60	0.38	0.42	0.45	0.30	0.22	0.39	0.45	0.31	0.43	0.52	0.47	0.50	0.45	0.48	-0.42	0.45	0.88	0.84	-0.80	0.91	0.80	0.83	0.86	0.99	0.60	0.84	0.91	0.83	0.97	0.52	0.38	-0.60
Common Stock, Dividends, Per Share, Declared
0.17	0.15	0.15	0.15	0.15	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	-0.10	0.10	0.21	0.21	-0.14	0.14	0.14	0.14	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07