First connecticut bancorp, inc. (FBNK)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Interest and fees on loans
Mortgage

73,922

64,612

61,920

56,963

48,728

45,867

42,552

42,404

39,337

Other

21,185

19,613

17,584

14,159

13,183

15,445

14,331

13,727

11,143

Interest and dividends on investments
United States Government and agency obligations

2,287

1,620

1,534

949

478

939

1,373

4,013

6,497

Other bonds

24

50

79

259

230

266

191

229

305

Corporate stocks

916

912

741

429

252

275

275

378

409

Other interest income

149

179

26

15

15

68

303

150

226

Total interest income

98,483

86,986

81,884

72,774

62,886

62,860

59,025

60,901

57,917

Interest expense
Deposits

13,248

11,456

9,372

7,369

7,182

6,691

7,665

8,329

13,526

Federal Home Loan Bank of Boston advances

4,374

3,826

3,449

1,841

1,651

1,953

2,061

-

-

Interest on borrowed funds

-

-

-

-

-

-

-

2,149

2,738

Repurchase agreement borrowings

381

385

448

719

713

727

721

719

719

Repurchase liabilities

31

64

106

151

187

257

379

416

425

Total interest expense

18,034

15,731

13,375

10,080

9,733

9,628

10,826

11,613

17,408

Net interest income

80,449

71,255

68,509

62,694

53,153

53,232

48,199

49,288

40,509

Provision for loan losses

1,551

2,332

2,440

2,588

1,530

1,380

4,090

6,694

7,896

Net interest income after provision for loan losses

78,898

68,923

66,069

60,106

51,623

51,852

44,109

42,594

32,613

Noninterest income
Other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

160

Fees for customer services

6,403

6,151

5,975

5,488

4,559

3,714

3,355

3,061

2,776

Gain on sales of investments

-

-

1,523

0

340

-

89

1,686

-

Net gain on loans sold

2,597

3,105

2,492

1,419

4,825

3,151

671

822

86

Brokerage and insurance fee income

218

213

215

192

150

123

189

377

394

Bank owned life insurance income

1,628

1,417

1,672

1,130

1,316

1,537

725

667

490

Other

-

-

-

875

-178

-

-

-

-

Other

2,653

1,852

1,570

-

-

736

496

438

107

Total noninterest income

13,499

12,738

13,447

9,104

11,012

9,261

5,525

7,051

3,693

Noninterest expense
Salaries and employee benefits

38,595

36,983

36,855

34,416

34,851

32,856

28,742

23,221

18,413

Occupancy expense

5,073

4,890

5,115

5,080

4,722

4,491

4,534

4,142

2,993

Furniture and equipment expense

3,954

4,082

4,204

4,342

4,079

4,381

4,047

4,022

3,055

FDIC assessment

1,693

1,603

1,657

1,396

1,272

1,170

1,466

1,760

2,172

Marketing

2,570

2,170

2,149

1,590

1,995

2,455

2,474

2,583

1,588

Contribution to Farmington Bank Community Foundation, Inc.

-

-

-

-

-

-

6,877

-

-

Other operating expenses

10,451

10,776

11,230

10,224

10,843

10,753

8,310

6,946

7,021

Total noninterest expense

62,336

60,504

61,210

57,048

57,762

56,106

56,450

42,674

35,242

Income before income taxes

30,061

21,157

18,306

12,162

4,873

5,007

-6,816

6,971

1,064

Income tax expense

13,872

5,942

5,727

2,827

1,169

1,300

-2,577

2,102

175

Net income

16,189

15,215

12,579

9,335

3,704

3,707

-4,239

4,869

889

Net earnings per share (See Note 3):
Basic (in dollars per share)

1.07

1.02

0.84

0.62

0.24

0.22

-0.29

-

-

Diluted (in dollars per share)

1.02

1.00

0.83

0.62

0.24

0.22

-0.29

-

-

Dividends per share (in dollars per share)

0.52

0.31

0.22

0.17

0.12

0.12

0.03

-

-

Basic and Diluted (in dollars per share)

-

-

-

-

-

-

-0.24

0.28

0.05

Basic and Diluted (in dollars per share)

-

-

-

-

-

-

-

0.00

-