FIRST CONNECTICUT BANCORP, INC. FBNK Income Statement

First connecticut bancorp, inc. (FBNK)

Income statement / Quarterly

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
Mortgage
21,560	19,927	19,143	19,165	18,056	17,558	16,451	16,134	16,120	15,907	15,670	15,861	15,331	15,058	15,170	14,490	13,875	13,428	13,007	12,381	11,872	11,468	12,415	11,460	10,882	11,110	10,836	10,573	10,595	10,548	10,838	10,460
Other
5,672	5,465	5,494	5,535	5,209	4,947	5,058	4,983	4,858	4,714	4,731	4,594	4,264	3,995	3,770	3,608	3,573	3,208	3,437	3,199	3,233	3,314	3,770	3,927	3,859	3,889	3,652	3,531	3,536	3,612	3,619	3,353
Interest and dividends on investments
United States Government and agency obligations
954	797	613	602	598	474	335	419	448	418	425	401	385	323	284	258	218	189	134	103	102	139	190	234	249	266	269	309	360	435	989	1,053
Other bonds
0	-	4	6	7	7	10	13	14	13	13	13	35	18	63	57	81	58	53	59	59	59	61	87	60	58	51	34	54	52	59	58
Corporate stocks
258	241	259	242	216	199	231	210	232	239	248	217	145	131	122	109	105	93	64	62	64	62	66	69	70	70	69	68	71	67	100	244
Other interest income
27	33	38	54	30	27	75	46	26	32	7	8	4	7	3	6	2	4	2	2	6	5	5	3	26	34	84	144	58	17	58	24
Total interest income
28,471	26,463	25,551	25,604	24,116	23,212	22,160	21,805	21,698	21,323	21,094	21,094	20,164	19,532	19,412	18,528	17,854	16,980	16,697	15,806	15,336	15,047	16,507	15,780	15,146	15,427	14,961	14,659	14,674	14,731	15,663	15,192
Interest expense
Deposits
4,702	4,339	3,888	3,423	3,026	2,911	3,010	2,975	2,735	2,736	2,611	2,412	2,140	2,209	2,119	1,845	1,711	1,694	1,736	1,914	1,827	1,705	1,649	1,644	1,643	1,755	1,873	1,886	1,954	1,952	2,059	1,962
Federal Home Loan Bank of Boston advances
1,771	1,119	1,031	1,230	1,164	949	924	955	980	967	1,004	890	804	751	675	479	368	319	398	383	401	469	-	499	462	-	-	-	-	-	-	-
Interest on borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	481	-	519	531	525	555	511
Repurchase agreement borrowings
0	74	95	95	96	95	96	98	96	95	97	96	92	163	181	182	179	177	181	181	180	171	187	179	181	180	181	182	179	179	182	175
Repurchase liabilities
7	9	9	8	7	7	8	22	15	19	19	24	29	34	42	37	32	40	51	45	41	50	68	71	61	57	74	85	96	124	111	87
Total interest expense
6,480	5,541	5,023	4,756	4,293	3,962	4,038	4,050	3,826	3,817	3,731	3,422	3,065	3,157	3,017	2,543	2,290	2,230	2,366	2,523	2,449	2,395	2,415	2,393	2,347	2,473	2,614	2,672	2,760	2,780	2,907	2,735
Net interest income
21,991	20,922	20,528	20,848	19,823	19,250	18,122	17,755	17,872	17,506	17,363	17,672	17,099	16,375	16,395	15,985	15,564	14,750	14,331	13,283	12,887	12,652	14,092	13,387	12,799	12,954	12,347	11,987	11,914	11,951	12,756	12,457
Provision for loan losses
69	465	299	217	710	325	616	698	801	217	776	386	663	615	632	1,041	410	505	660	215	256	399	315	215	520	330	3,190	300	300	300	2,488	600
Net interest income after provision for loan losses
21,922	20,457	20,229	20,631	19,113	18,925	17,506	17,057	17,071	17,289	16,587	17,286	16,436	15,760	15,763	14,944	15,154	14,245	13,671	13,068	12,631	12,253	13,777	13,172	12,279	12,624	9,157	11,687	11,614	11,651	10,268	11,857
Noninterest income
Fees for customer services
1,718	-	-	-	1,572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees for customer services
-	1,657	-	1,662	-	1,506	1,537	1,600	1,530	1,484	1,566	1,536	1,500	1,373	1,521	1,459	1,317	1,191	1,251	1,229	1,097	982	1,048	950	900	816	856	852	860	787	800	752
Gain on sales of investments
-	-	-	-	-	-	-	-	-	-	0	0	1,250	273	-	0	-	-	-	-	-	-	-	-	-	-	-	89	-	-	-	-
Gain on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304	36	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	965	-
Net gain on loans sold
341	288	598	872	711	416	925	939	751	490	567	993	412	520	347	633	317	122	581	625	1,589	2,030	1,935	687	431	98	42	284	199	146	299	-
Brokerage and insurance fee income
63	58	59	54	55	50	47	58	54	54	52	54	60	49	52	47	49	44	40	37	41	32	32	34	32	25	25	30	10	124	102	108
Bank owned life insurance income
341	341	354	357	598	319	361	335	307	414	726	349	324	273	283	284	281	282	301	303	303	409	571	326	321	319	200	177	174	174	187	184
Other
799	801	484	355	940	874	666	753	-25	458	557	309	528	176	-	355	102	123	-	-316	-67	195	239	148	294	55	-36	296	186	50	61	96
Total noninterest income
3,262	3,145	3,158	3,300	3,876	3,165	3,536	3,685	2,617	2,900	3,468	3,241	4,074	2,664	2,498	2,778	2,066	1,762	2,183	2,182	2,999	3,648	3,825	2,145	1,978	1,313	1,087	1,728	1,429	1,281	2,414	1,140
Noninterest expense
Salaries and employee benefits
9,704	9,772	9,939	9,668	9,848	9,140	9,109	9,285	9,213	9,376	9,728	9,302	9,035	8,790	8,897	8,593	8,638	8,288	8,691	8,571	8,555	9,034	7,570	10,243	7,619	7,424	7,636	7,065	7,473	6,568	5,656	5,674
Occupancy expense
1,315	1,329	1,261	1,312	1,187	1,313	1,211	1,271	1,189	1,219	1,257	1,219	1,272	1,367	1,251	1,271	1,209	1,349	1,181	1,175	1,126	1,240	1,095	1,108	1,098	1,190	1,074	1,129	1,094	1,237	1,017	1,020
Furniture and equipment expense
947	948	931	1,054	985	984	983	1,020	1,018	1,061	1,057	1,034	1,077	1,036	1,125	1,093	1,106	1,018	964	998	1,099	1,018	1,050	1,120	1,112	1,099	1,044	1,038	990	975	1,116	951
FDIC assessment
422	424	436	419	410	428	424	392	383	404	430	413	402	412	386	361	321	328	329	341	311	291	342	255	294	279	340	56	529	541	502	408
Marketing
767	605	578	717	708	567	523	682	544	421	763	443	534	409	371	332	509	378	368	423	610	594	587	509	753	606	838	505	658	473	628	682
Contribution to Farmington Bank Community Foundation, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,877	-	-	-
Other operating expenses
3,864	3,161	2,242	2,749	2,740	2,720	2,849	2,834	2,297	2,796	2,723	2,307	3,277	2,923	2,585	2,569	2,471	2,599	2,865	2,602	2,854	2,522	2,795	3,670	2,257	2,031	1,985	2,152	2,306	1,867	1,836	1,735
Total noninterest expense
17,019	16,239	15,387	15,919	15,878	15,152	15,099	15,484	14,644	15,277	15,958	14,718	15,597	14,937	14,615	14,219	14,254	13,960	14,398	14,110	14,555	14,699	13,439	16,905	13,133	12,629	12,917	11,945	19,927	11,661	10,755	10,470
Income before income taxes
8,165	7,363	8,000	8,012	7,111	6,938	5,943	5,258	5,044	4,912	4,097	5,809	4,913	3,487	3,646	3,503	2,966	2,047	1,456	1,140	1,075	1,202	4,163	-1,588	1,124	1,308	-2,673	1,470	-6,884	1,271	-	-
Income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,927	2,527
Income tax expense
1,435	1,352	7,503	2,415	2,109	1,845	1,757	1,485	1,401	1,299	1,716	1,594	1,441	976	499	997	776	555	322	275	256	316	1,209	-519	293	317	-1,020	427	-2,239	255	533	810
Net income
6,730	6,011	497	5,597	5,002	5,093	4,186	3,773	3,643	3,613	2,381	4,215	3,472	2,511	3,147	2,506	2,190	1,492	1,134	865	819	886	2,954	-1,069	831	991	2,841	-3,451	-4,645	1,016	-	-
Net earnings per share (See Note 3):
Basic (in dollars per share)
0.44	0.39	0.03	0.37	0.33	0.34	0.29	0.25	0.24	0.24	0.16	0.28	0.23	0.17	0.20	0.17	0.15	0.10	0.08	0.06	0.05	0.05	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.42	0.38	0.03	0.35	0.32	0.32	0.27	0.25	0.24	0.24	0.15	0.28	0.23	0.17	0.21	0.17	0.14	0.10	0.08	0.06	0.05	0.05	-	-	-	-	-	-	-	-	-	-
Dividends per share (in dollars per share)
0.17	0.16	0.15	0.14	0.12	0.11	0.09	0.08	0.07	0.07	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.03	0.03	0.03	0.03	0.03	-	-	-	-	-	-	-	-	-	-
Basic and Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.04	0.00	-0.26	0.06	0.08	0.10
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,394	1,717
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.07	0.05	0.06	-	0.06	-0.26	-	0.00	0.00
Basic and Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,471	16,686	16,784	-	17,880	17,581,225	-	-	-