FIRST COMMUNITY BANKSHARES INC /VA/ FCBC Income Statement

First community bankshares inc /va/ (FCBC)

Income statement / TTM

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:
Interest and fees on loans
94,684	88,805	90,906	91,394	91,095	91,671	90,047	90,185	90,677	89,749	89,391	88,649	87,972	87,718	87,395	87,702	87,291	87,632	91,840	92,988	94,572	95,492	93,704	93,736	94,590	96,600	100,735	105,571	102,160	96,684	88,443	80,252	79,493	80,580	82,073	82,986	0	0	0
Interest on securities -- taxable
1,190	1,219	1,470	1,875	2,278	2,258	2,069	1,744	1,502	1,522	1,657	2,054	2,619	3,229	3,787	4,111	4,209	4,225	4,312	4,446	4,913	5,975	6,951	7,754	8,086	7,875	7,524	7,514	7,637	7,830	8,083	7,805	7,663	8,117	8,989	11,008	0	0	0
Interest on securities -- tax-exempt
2,350	2,497	2,625	2,735	2,798	2,828	2,863	2,896	2,947	3,029	3,161	3,327	3,483	3,624	3,727	3,816	3,900	3,978	4,034	4,148	4,244	4,350	4,488	4,596	4,704	4,790	4,847	4,837	4,895	4,883	4,857	4,831	4,857	5,194	5,455	5,669	0	0	0
Interest on deposits in banks
2,642	2,447	1,978	1,656	1,404	1,537	1,696	1,613	1,320	1,008	753	504	292	153	76	83	154	267	420	427	394	291	148	150	175	211	262	286	286	259	218	227	255	285	298	257	0	0	0
Total interest income
100,866	94,968	96,979	97,660	97,575	98,294	96,675	96,438	96,446	95,308	94,962	94,534	94,366	94,724	94,985	95,712	95,554	96,102	100,606	102,009	104,123	106,108	105,291	106,236	107,555	109,476	113,368	118,208	114,978	109,656	101,601	93,115	92,268	94,176	96,815	99,920	0	0	0
Interest expense:
Interest on deposits
5,912	5,392	5,377	5,263	5,198	5,144	5,160	5,166	5,072	4,987	4,819	4,677	4,531	4,479	4,536	4,787	5,262	5,878	6,479	6,877	7,150	7,308	7,536	7,901	8,349	8,823	9,396	9,852	9,929	9,972	10,005	10,400	11,313	12,788	15,023	17,131	0	0	0
Interest on short-term borrowings
5	123	327	530	731	811	822	831	840	850	1,122	1,457	1,795	2,101	2,079	2,028	1,978	1,952	1,999	2,028	2,012	2,024	2,047	2,038	2,134	2,222	2,342	2,500	2,510	2,515	2,485	2,387	2,430	2,475	0	0	0	-	-
Interest on long-term debt
-	-	-	-	-	1,494	1,994	2,017	2,078	2,253	2,579	2,887	3,130	3,264	3,272	3,251	3,289	3,519	3,840	4,470	5,329	5,958	6,508	6,786	6,767	6,789	6,944	7,037	7,098	7,113	6,925	6,867	6,794	6,884	7,583	8,349	0	0	0
Total interest expense
5,917	5,515	5,704	6,281	6,923	7,449	7,976	8,014	7,990	8,090	8,520	9,021	9,456	9,844	9,887	10,066	10,529	11,349	12,318	13,375	14,491	15,290	16,091	16,725	17,250	17,834	18,682	19,389	19,537	19,600	19,415	19,654	20,537	22,147	24,455	26,752	0	0	0
Net interest income
94,949	89,453	91,275	91,379	90,652	90,845	88,699	88,424	88,456	87,218	86,442	85,513	84,910	84,880	85,098	85,646	85,025	84,753	88,288	88,634	89,632	90,818	89,200	89,511	90,305	91,642	94,686	98,819	95,441	90,056	82,186	73,461	71,731	72,029	72,360	73,168	0	0	0
Provision for credit losses
5,851	3,571	4,388	4,208	3,118	2,393	2,100	2,335	2,774	2,771	2,656	772	560	1,255	1,189	2,724	2,278	2,191	1,269	-1,551	-548	145	2,161	6,933	8,859	8,208	7,900	7,483	5,898	5,678	6,894	6,898	8,357	9,047	10,421	12,097	0	0	0
Net interest income after provision for loan losses
89,098	85,882	86,887	87,171	87,534	88,452	86,599	86,089	85,682	84,447	83,786	84,741	84,350	83,625	83,909	82,922	82,747	82,562	87,019	90,185	90,180	90,673	87,039	82,578	81,446	83,434	86,786	91,336	89,543	84,378	75,292	66,563	63,374	62,982	61,939	61,071	0	0	0
Noninterest income:
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	8,102	8,146	8,096	8,047	8,045	8,095	7,973	7,818	7,581	7,268	7,193	7,136	7,151	7,038	6,892	6,663	6,462	6,209	6,004	5,901	5,722	5,537	5,361	0	0	0
Insurance commissions
-	-	-	-	-	966	1,309	1,316	1,303	1,347	1,063	2,349	3,624	5,442	6,946	7,004	6,963	6,899	6,778	6,823	6,718	6,555	6,513	6,377	6,231	5,933	5,748	5,805	5,833	5,743	5,698	5,605	5,830	6,197	3,364	452	0	0	0
Impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	737	0	0	0	-	-	-	-	-	0	-	-	2,285	922	0	0	-	0
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0	0	0	0	0	0	0	-	0	-	-	-	0	-	0	-	-
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	737	0	0	0	-	-	-	-	-	0	-	-	2,285	922	0	0	-	0
Net gain on sale of securities
0	-	-	0	-	-	0	-	-	-	-	0	-	335	-60	-124	168	144	-1,540	-1,181	-1,453	-1,385	514	155	327	399	404	671	549	483	296	246	3,479	5,264	7,812	8,835	0	0	0
Litigation settlements
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
2,893	2,804	2,090	2,345	2,701	2,548	3,559	3,188	3,435	3,502	2,991	3,444	2,993	3,209	3,316	2,993	4,294	4,129	4,701	4,817	4,301	4,355	3,971	4,590	4,192	5,235	5,373	7,514	7,687	6,742	6,915	4,193	3,844	3,888	3,718	3,731	0	0	0
Net FDIC indemnification asset amortization
2,311	2,377	2,366	2,292	2,351	2,181	1,933	1,556	2,567	3,517	4,804	5,905	5,647	5,474	5,056	5,455	5,973	6,379	5,992	5,320	4,410	3,979	13,053	10,868	8,270	5,597	-4,159	0	0	-	0	-	-	-	-	-	-	-	-
Net gain on divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total noninterest income
33,146	33,677	30,603	29,488	27,855	26,443	27,898	28,082	26,121	24,568	23,111	22,303	24,278	27,066	28,311	29,490	30,597	29,530	29,545	30,138	29,605	30,003	29,456	29,900	29,144	29,771	32,033	35,085	36,580	36,710	34,103	31,006	34,026	35,534	39,866	40,704	0	0	0
Noninterest expense:
Salaries and employee benefits
39,368	37,148	36,926	36,575	36,415	36,690	36,420	36,438	36,467	35,774	36,182	37,009	38,185	39,912	40,769	40,912	40,407	39,625	40,198	40,151	40,501	40,713	39,957	41,113	41,030	41,235	41,843	41,623	40,555	38,667	35,877	33,426	33,219	34,126	34,976	35,054	0	0	0
Occupancy expense
4,496	4,334	4,411	4,444	4,445	4,542	4,512	4,519	4,777	4,775	4,829	4,996	5,014	5,297	5,552	5,746	5,814	5,817	5,917	5,943	6,094	6,338	6,508	6,739	6,956	7,033	7,288	7,342	7,201	6,872	6,523	6,245	6,159	6,280	6,264	6,358	0	0	0
Furniture and equipment expense
4,808	4,457	4,282	4,084	3,967	3,980	4,090	4,238	4,380	4,425	4,381	4,314	4,336	4,341	4,616	4,809	5,058	5,199	5,195	5,148	4,995	4,952	4,646	4,722	4,817	4,966	5,335	5,002	4,677	4,145	3,545	3,452	3,386	3,490	3,612	3,668	0	0	0
Service fees
4,941	4,448	4,774	4,442	4,062	3,860	3,516	3,087	3,331	3,348	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and public relations
2,298	2,310	2,382	2,065	2,013	2,011	1,967	2,040	2,123	2,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional fees
1,517	1,698	1,646	1,435	1,537	1,430	1,663	1,665	2,052	2,567	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
1,112	997	1,000	1,010	1,024	1,039	1,051	1,056	1,056	1,056	1,055	1,105	1,119	1,136	1,152	1,117	1,119	1,118	1,092	990	889	787	716	720	725	729	736	744	750	804	863	922	994	1,020	1,030	1,033	0	0	0
FDIC premiums and assessments
-	318	527	761	863	906	909	902	877	910	972	1,108	1,253	1,383	1,441	1,455	1,472	1,513	1,542	1,584	1,653	1,672	1,627	1,668	1,679	1,717	1,790	1,941	1,762	1,612	1,567	1,304	1,428	1,984	2,358	2,720	0	0	0
Goodwill impairment
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4,227	0	0	-	0	-	-	-	-
FHLB debt prepayment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-471	0	0	0	-	-
Merger expenses
0	-	0	-	-	-	-	-	-	-	-	-	-	730	675	449	39	86	371	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expense
11,935	11,929	11,649	11,472	12,528	12,727	12,628	13,745	12,448	11,841	12,878	15,214	17,569	19,947	20,971	21,150	21,594	21,111	22,580	21,826	21,086	22,242	22,781	23,289	23,406	23,248	22,048	21,915	21,810	21,190	19,863	19,269	20,457	20,305	20,579	20,524	0	0	0
Total noninterest expense
74,642	69,763	68,189	68,876	69,442	69,773	69,344	67,690	67,511	66,902	66,675	68,755	70,439	72,746	75,176	75,638	77,205	76,171	81,138	83,588	81,462	82,862	79,567	78,251	78,621	78,985	79,963	80,135	81,734	78,383	73,704	69,439	67,045	68,915	69,290	69,828	0	0	0
Income before income taxes
47,602	49,796	49,301	47,783	45,947	45,122	45,153	46,481	44,292	42,113	40,222	38,289	38,189	37,945	37,044	36,774	36,139	35,921	35,426	36,735	38,323	37,814	36,928	34,227	31,969	34,220	38,856	46,286	44,389	42,705	35,691	28,130	30,355	29,601	32,515	31,947	0	0	0
Income tax expense
10,559	10,994	10,757	9,295	8,844	8,782	16,906	19,682	20,141	20,628	13,546	12,882	12,945	12,819	12,174	12,028	11,473	11,381	11,319	11,844	12,600	12,324	11,829	10,759	10,073	10,908	12,429	15,212	14,672	14,128	12,322	9,502	10,077	9,573	9,165	8,784	0	0	0
Net income
37,043	38,802	38,544	38,488	37,103	36,340	28,247	26,799	24,151	21,485	26,676	25,407	25,244	25,126	24,870	24,746	24,666	24,540	24,107	24,891	25,723	25,490	25,099	23,468	21,896	23,312	26,427	31,074	29,717	28,577	23,369	18,628	20,278	20,028	23,350	23,163	0	0	0
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	105	332	560	787	910	935	968	994	1,024	1,044	1,003	1,033	1,058	1,072	983	0	-	0	0	-	-	-
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	25,126	24,870	24,746	24,666	24,435	23,775	24,331	24,936	24,580	24,164	22,500	20,902	22,288	25,383	30,071	28,684	27,519	22,297	17,490	19,292	19,325	22,933	23,032	0	0	0
Earnings per common share
Basic (in dollars per share)
0.44	0.60	0.59	0.67	0.61	0.58	0.55	0.54	0.52	0.07	0.45	0.38	0.36	0.38	0.37	0.36	0.34	0.34	0.34	0.33	0.31	0.30	0.37	0.37	0.30	0.27	0.26	0.26	0.34	0.43	0.49	0.20	0.32	0.17	0.28	0.31	0.32	0.37	0.29
Diluted (in dollars per share)
0.44	0.62	0.58	0.66	0.60	0.57	0.55	0.54	0.52	0.07	0.45	0.38	0.36	0.38	0.37	0.36	0.34	0.33	0.34	0.33	0.31	0.30	0.36	0.36	0.29	0.25	0.26	0.26	0.34	0.42	0.47	0.20	0.31	0.16	0.28	0.31	0.32	0.37	0.29
Weighted average shares outstanding
Cash dividends per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.12	0.12	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Basic (in shares)
17,998	15,607	15,603	15,712	15,839	16,192	16,512	16,689	16,955	16,992	17,005	17,012	16,998	16,974	17,031	17,414	17,859	18,188	18,470	18,831	18,633	18,403	18,402	18,395	18,423	19,128	20,008	19,997	20,032	20,083	20,013	18,561	17,849	17,849	17,896	17,895	17,867	17,808	17,787
Diluted (in shares)
18,050	15,663	15,664	15,775	15,920	16,216	16,612	16,788	17,047	17,073	17,082	17,082	17,072	17,023	17,083	17,462	17,892	18,204	18,500	18,860	19,344	19,502	19,466	19,457	19,506	20,247	21,136	21,205	21,258	21,245	21,333	19,909	19,189	19,122	19,205	18,534	17,887	17,832	17,805
Fiduciary and Trust [Member]
Noninterest income
3,522	3,423	3,435	3,274	3,213	3,262	3,219	3,186	3,154	3,150	3,020	2,915	2,934	2,828	2,891	3,028	2,993	2,975	2,865	2,745	2,688	3,030	3,128	3,321	3,574	3,412	3,542	3,684	3,653	3,701	3,657	3,520	3,510	3,510	3,601	3,745	0	0	0
Deposit Account [Member]
Noninterest income
14,917	14,594	14,742	14,760	14,673	14,733	14,608	14,410	14,158	13,803	13,520	13,409	13,410	13,588	13,709	13,959	14,105	13,717	13,883	13,745	13,661	13,828	13,592	13,568	13,460	13,558	13,891	14,204	14,218	14,063	13,687	13,196	13,220	13,238	13,245	13,188	0	0	0
Financial Service, Other [Member]
Noninterest income
8,463	8,281	8,145	8,063	7,925	7,733	7,758	7,542	7,299	6,944	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Dividend [Member]
Cash dividends per common share (in dollars per share)
-	-	-	0.25	-	-	-	0.18	0.66	0.18	0.18	0.16	0.16	0.16	0.16	0.14	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.12	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-