First choice bancorp (FCBP)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
INTEREST and DIVIDEND INCOME
Interest and fees on loans

86,071

86,207

86,304

80,394

71,370

61,075

51,076

43,969

40,771

38,624

0

0

0

Interest on investment securities

-

-

185

203

-

-

0

0

0

-

-

-

-

Interest on investment securities

0

0

-

-

0

-

-

-

-

-

0

0

0

Interest on deposits in other financial institutions

2,461

2,405

2,297

2,217

2,057

1,872

0

0

0

-

0

-

-

Dividends on restricted stock investments

892

889

1,001

819

681

508

245

255

246

266

0

0

0

Other interest income

-

-

-

-

-

-

-

-

-

-

-

0

0

Total interest and dividend income

90,259

90,354

90,485

84,331

75,027

64,377

53,660

46,225

42,944

40,819

0

0

0

INTEREST EXPENSE
Interest on savings, interest checking and money market accounts

4,868

4,998

5,129

5,069

4,784

4,364

3,898

3,671

3,704

3,911

0

0

0

Interest on time deposits

5,263

5,273

5,152

4,619

4,075

3,686

3,165

2,628

2,098

1,890

0

0

0

Interest on borrowings

1,647

1,501

1,229

898

440

412

623

598

440

240

0

0

0

Interest on senior secured notes

0

0

-

-

0

-

-

-

-

-

-

-

-

Total interest expense

12,016

12,092

11,931

11,007

9,720

8,710

7,686

6,897

6,242

6,041

0

0

0

Net interest income

78,243

78,262

78,554

73,324

65,307

55,667

45,974

39,328

36,702

34,778

0

0

0

Provision for loan losses

5,150

2,800

2,000

1,900

1,670

1,520

762

1,162

842

642

0

0

0

Net interest income after provision for loan losses

73,093

75,462

76,554

71,424

63,637

54,147

45,212

38,166

35,860

34,136

0

0

0

NONINTEREST INCOME
Gain on sale of loans

3,123

3,674

3,366

3,009

2,186

1,505

1,299

2,203

2,653

3,596

0

0

0

Service charges and fees on deposit accounts

2,090

2,075

2,188

2,105

1,671

1,355

0

0

0

-

0

-

-

Net servicing fees

840

850

954

751

590

509

0

0

0

-

0

-

-

Service charges and fees on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

0

0

Net servicing fees

-

-

-

-

-

-

-

-

-

-

-

0

0

Other income

1,073

1,234

1,322

1,016

821

355

356

279

345

435

0

0

0

Total noninterest income

6,993

7,700

7,659

6,698

5,163

3,610

3,003

3,724

4,159

5,061

0

0

0

NONINTEREST EXPENSE
Salaries and employee benefits

26,698

25,691

25,082

23,655

20,280

18,077

15,843

14,719

14,935

14,560

0

0

0

Occupancy and equipment

5,040

5,406

4,563

4,364

3,952

3,049

0

0

0

-

0

-

-

Data processing

3,067

2,864

2,719

2,667

2,476

2,293

1,941

1,673

1,582

1,491

0

0

0

Occupancy expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

Professional fees

1,685

1,633

1,753

1,761

1,713

1,598

1,443

1,456

1,197

972

0

0

0

Equipment expenses

-

-

-

-

-

-

-

-

-

-

-

0

0

Office, postage and telecommunications

1,018

1,032

1,077

1,080

1,018

938

838

784

751

720

0

0

0

Deposit insurance and regulatory assessments

258

392

465

578

544

460

491

445

471

467

0

0

0

Loan related

755

694

685

583

613

483

434

372

290

345

0

0

0

Customer service related

1,650

1,755

1,603

1,374

1,202

865

660

596

614

618

0

0

0

Merger, integration and public company registration costs

-

-

858

4,655

-

5,385

4,527

730

374

0

0

0

0

Amortization of core deposit intangible

845

848

789

725

528

332

0

0

0

-

0

-

-

Provision for credit losses - off-balance sheet

-

-

-

-

-

-

-

-

-

-

-

0

0

Other expenses

3,043

2,925

3,174

3,047

2,872

2,712

3,245

2,906

2,659

2,497

0

0

0

Total noninterest expense

44,059

43,240

42,768

44,489

40,209

36,192

31,880

25,682

24,930

23,754

0

0

0

Income before taxes

36,027

39,922

41,445

33,633

28,591

21,565

16,335

16,208

15,089

15,443

0

0

0

Income taxes

10,618

12,118

12,913

10,568

8,876

6,435

6,936

7,422

7,482

8,089

0

0

0

Net income

25,386

27,848

28,602

23,135

19,759

15,130

9,373

8,760

7,607

7,354

0

0

0

Net income per share:
Basic (in dollars per share)

0.39

0.51

0.69

0.58

0.60

0.60

0.26

0.47

0.33

0.12

0.28

0.32

0.30

Diluted (in dollars per share)

0.39

0.51

0.68

0.58

0.59

0.59

0.25

0.47

0.33

0.12

0.28

0.32

0.30

Weighted-average common shares outstanding:
Basic (in shares)

11,558

11,530

11,584

11,581

11,654

11,582

10,144

7,172

7,160

7,115

7,111

7,102

7,081

Diluted (in shares)

11,632

11,607

11,659

11,675

11,813

11,801

10,357

7,214

7,200

7,155

7,146

7,137

7,114

Service charges and fees on deposit accounts
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

2,017

1,922

-

1,241

0

0

0

-

-

-

-