1st constitution bancorp (FCCY)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

8,762

2,547

8,576

9,211

5,308

4,983

5,133

5,572

6,929

5,037

15,657

14,211

47,914

5,348

16,947

13,650

14,810

11,368

14,865

16,364

11,768

14,545

20,371

23,149

108,819

69,267

123,803

110,096

101,428

14,033

13,988

16,567

27,149

15,183

14,432

90,046

17,699

Interest-earning deposits

3,277

12,295

12,180

20,903

9,853

11,861

14,131

25,079

9,066

13,717

-

-

-

9,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Funds Sold/Short-Term Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

-

100

11

-

-

-

-

-

-

-

-

-

-

-

FEDERAL FUNDS SOLD / SHORT TERM INVESTMENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

11

11

11

11

11

11

11

11

11

11

Cash, Cash Equivalents, and Federal Funds Sold

12,039

14,842

20,756

30,114

15,161

16,844

19,264

30,651

15,995

18,754

15,657

14,211

47,914

14,886

16,947

13,650

14,810

11,368

14,865

16,364

11,768

14,545

20,371

23,149

108,919

69,278

123,815

110,108

101,439

14,044

14,000

16,579

27,161

15,195

14,444

90,057

17,710

Investment securities
Debt Securities, Available-for-sale

163,725

155,782

135,084

146,179

147,237

132,222

131,192

130,075

112,495

105,458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available for sale, at fair value

-

-

-

-

-

-

-

-

-

-

110,276

112,952

105,565

103,794

103,114

111,327

99,806

91,422

74,557

80,576

84,062

80,161

103,959

110,878

117,630

99,199

101,557

105,881

116,412

109,840

97,088

97,537

91,154

93,683

96,309

111,698

85,470

Debt Securities, Held-to-maturity

88,381

76,620

74,909

77,829

77,826

79,572

91,379

95,322

102,756

110,267

111,554

124,922

125,940

126,810

121,236

122,635

123,010

123,261

121,025

126,651

141,867

143,638

148,182

155,318

152,734

152,817

150,572

110,195

105,587

116,027

123,399

122,992

130,659

142,474

152,474

141,915

81,889

Total investment securities

252,106

232,402

209,993

224,008

225,063

211,794

222,571

225,397

215,251

215,725

221,830

237,874

231,505

230,604

224,350

233,962

222,816

214,683

195,582

207,227

225,929

223,799

252,142

266,197

270,365

252,016

252,130

216,077

222,000

225,868

220,488

220,529

221,813

236,158

248,784

253,613

167,360

Loans held for sale

11,755

5,927

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing Receivable, before Allowance for Credit Loss

1,217,807

1,216,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing Receivable, Allowance for Credit Loss

10,001

9,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

6,738

3,863

1,169

3,020

4,362

9,291

1,919

4,254

6,019

3,594

3,360

14,829

10,416

3,228

860

5,997

5,707

-

-

8,372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LOANS HELD FOR SALE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,231

8,710

-

9,459

9,877

3,253

10,924

14,535

28,235

30,717

35,960

22,492

16,595

17,497

19,234

9,848

6,971

21,219

Loans and Leases Receivable, Gross

-

-

1,025,031

967,820

874,333

883,164

881,538

899,912

776,661

789,906

771,982

762,619

676,411

724,808

749,436

761,572

658,988

682,121

709,398

758,506

710,194

654,297

620,395

635,459

531,405

373,336

362,549

407,482

415,037

521,814

497,247

479,795

438,522

475,431

426,435

339,867

411,987

Less: allowance for loan losses

-

-

8,977

8,641

8,704

8,402

8,265

8,498

8,297

8,013

7,802

7,707

7,550

7,494

7,486

7,482

7,302

7,560

7,132

7,351

7,364

6,925

7,107

7,418

7,030

7,039

6,820

6,268

6,023

7,151

6,693

6,257

5,881

5,534

5,508

5,869

5,762

Financing Receivable, after Allowance for Credit Loss

1,207,806

1,206,757

1,016,054

959,179

-

874,762

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans

-

-

-

-

865,629

-

873,273

891,414

768,364

781,893

764,180

754,912

668,861

717,314

741,950

754,090

651,686

674,561

702,266

751,155

702,830

647,372

613,288

628,041

524,374

366,297

355,729

401,213

409,013

514,662

490,554

473,537

432,640

469,897

420,927

333,997

406,224

Premises and equipment, net

14,966

15,262

11,619

11,563

11,620

11,653

11,768

11,874

10,591

10,705

10,627

10,691

10,634

10,673

10,760

10,845

10,995

11,109

11,289

11,475

11,406

11,373

12,065

12,189

12,370

10,044

10,172

10,338

10,494

10,630

10,571

10,629

10,788

10,439

10,590

10,661

6,148

Right-of-use assets

17,550

17,957

15,080

15,441

15,391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Receivable

4,843

4,945

3,652

4,095

3,779

3,860

3,652

3,785

3,202

3,478

3,141

3,060

2,789

3,095

2,855

3,051

2,726

2,853

2,644

2,976

2,812

3,096

2,798

3,161

2,943

2,543

2,143

2,554

2,413

2,872

2,678

2,767

2,523

2,996

2,464

2,684

2,405

Bank-owned life insurance

36,858

36,678

29,142

28,993

28,844

28,705

28,555

28,403

24,272

25,051

24,125

22,444

22,314

22,184

22,048

21,936

21,726

21,583

21,445

21,301

21,352

21,218

21,074

20,932

20,783

16,184

15,374

15,258

15,139

15,026

13,916

13,804

13,690

13,578

11,774

11,673

11,474

Other real estate owned

470

571

1,460

1,460

2,515

2,515

2,515

1,223

-

0

356

356

431

166

166

166

1,144

966

4,927

5,328

5,710

5,710

1,748

1,860

2,136

2,136

2,808

7,926

8,294

8,332

10,225

11,604

11,839

12,409

10,999

6,789

4,850

Goodwill and intangible assets

36,654

36,779

12,165

12,196

12,226

12,258

12,294

12,387

12,404

12,496

12,591

12,687

12,792

12,880

12,981

13,082

13,180

13,284

13,391

13,497

13,604

13,711

13,587

13,614

13,673

4,889

-

-

-

5,157

-

-

-

-

-

-

-

Other assets

15,822

14,142

15,906

13,382

10,080

12,422

14,228

15,087

8,412

6,918

10,868

12,245

9,264

11,582

12,835

14,726

9,033

11,587

8,334

8,376

10,755

7,583

7,769

6,946

8,271

8,014

13,459

13,179

13,052

8,412

11,230

11,449

11,645

11,817

12,627

12,980

7,000

Total assets

1,610,869

1,586,262

1,342,565

1,304,294

1,191,477

1,177,833

1,192,482

1,229,512

1,060,410

1,079,274

1,069,394

1,072,074

1,009,864

1,038,213

1,055,308

1,068,736

948,976

967,991

980,450

1,046,930

1,014,876

956,779

954,304

985,970

967,090

742,325

790,168

804,892

812,565

840,968

796,157

777,498

749,599

791,726

742,460

729,430

644,395

LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Deposits
Deposits
Non-interest bearing

299,147

287,555

217,555

232,313

213,387

212,981

211,492

216,087

192,771

196,509

192,191

189,653

184,210

170,854

173,946

170,793

162,080

159,918

170,255

161,029

159,934

162,281

172,185

166,866

166,747

121,892

147,179

145,412

137,679

152,334

133,244

129,822

117,360

105,470

156,822

112,963

92,023

Interest bearing

998,885

989,807

805,504

789,521

781,818

737,691

730,185

740,700

698,315

725,497

677,622

674,762

684,610

663,662

653,116

620,693

641,739

626,839

623,587

637,059

650,525

655,480

651,379

653,000

672,251

516,660

539,764

558,186

573,250

555,354

527,753

539,248

541,203

518,391

488,581

530,144

451,712

Deposits

1,298,032

1,277,362

1,023,059

1,021,834

995,205

950,672

941,677

956,787

891,086

922,006

869,813

864,415

868,820

834,516

827,062

791,486

803,819

786,757

793,842

798,088

810,459

817,761

823,564

819,867

838,998

638,552

686,943

703,599

710,929

707,689

660,997

669,071

658,563

623,862

645,404

643,108

543,735

Short-term borrowings

94,125

92,050

137,800

104,850

22,050

71,775

99,475

118,225

29,825

20,500

-

-

-

63,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

-

-

-

-

-

-

-

-

-

-

63,025

73,825

10,000

-

97,099

149,865

20,255

58,896

65,187

130,728

87,718

25,107

20,798

59,888

20,978

10,000

10,000

10,000

10,000

42,400

51,150

25,300

10,000

88,300

19,000

10,000

25,900

Redeemable subordinated debentures

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

18,557

Interest Payable

1,430

1,592

1,602

1,697

1,589

1,228

927

849

775

804

715

812

832

866

794

846

883

846

753

855

911

907

802

904

937

884

787

943

1,010

1,057

923

1,010

1,074

1,186

1,100

1,287

1,434

Lease liability

18,257

18,617

15,699

16,021

15,912

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

7,363

7,506

7,321

6,260

6,957

8,516

8,072

14,746

6,933

5,754

5,674

5,617

5,020

6,423

7,849

6,354

6,819

6,975

7,679

7,175

7,701

7,337

6,105

5,078

-

5,975

-

-

-

-

-

-

-

-

-

-

-

ACCRUED EXPENSES AND OTHER LIABILITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,355

-

6,727

6,516

5,955

6,210

4,785

5,885

5,061

4,821

4,146

4,044

5,087

Total liabilities

1,437,764

1,415,684

1,204,038

1,169,219

1,060,270

1,050,748

1,068,708

1,109,164

947,176

967,621

957,784

963,226

903,229

933,412

951,361

967,108

850,333

872,031

886,018

955,403

925,346

869,669

869,828

904,296

885,826

673,968

723,016

739,616

746,452

775,914

736,413

719,825

693,257

736,727

688,209

676,997

594,714

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

SHAREHOLDERS' EQUITY
Preferred stock, no par value; 5,000,000 shares authorized; none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Common stock, no par value; 30,000,000 shares authorized; 10,240,624 and 10,224,974 shares issued and 10,201,298 and 10,191,676 shares outstanding as of March 31, 2020 and December 31, 2019, respectively

110,254

109,964

80,518

80,190

79,828

79,536

79,256

79,003

73,192

72,935

72,584

72,292

71,930

71,695

71,394

71,224

71,015

70,845

65,777

65,792

65,602

61,448

61,383

60,937

60,825

49,403

49,395

48,986

48,928

48,716

41,364

41,073

41,012

40,847

39,194

39,002

38,899

Retained earnings

63,295

60,791

58,198

55,224

52,501

49,750

47,067

43,560

42,190

39,822

39,624

37,139

35,622

34,074

32,420

30,125

27,811

25,589

28,773

26,311

23,996

25,730

23,714

21,576

22,016

21,374

19,999

18,476

16,919

15,594

16,890

15,535

14,237

13,070

13,573

12,360

10,741

Treasury stock, 39,326 and 33,298 shares at March 31, 2020 and December 31, 2019, respectively

503

368

368

368

368

368

368

368

368

368

368

368

368

368

368

368

368

344

258

349

339

316

309

211

211

172

177

119

108

61

76

68

10

10

69

62

58

Accumulated other comprehensive income

59

191

179

29

-754

-1,833

-2,181

-1,847

-1,780

-736

-230

-215

-549

-600

501

647

185

-130

140

-227

271

248

-311

-628

-1,365

-2,248

-2,065

-2,068

373

804

1,565

1,133

1,103

1,091

1,552

1,132

98

Stockholders' Equity Attributable to Parent

173,105

170,578

138,527

135,075

131,207

127,085

123,774

120,348

113,234

111,653

111,610

108,848

106,635

104,801

103,947

101,628

98,643

95,960

94,432

91,527

89,530

87,110

84,476

81,673

81,264

68,357

67,152

65,275

66,113

65,053

59,744

57,673

56,342

54,999

54,251

52,433

49,681

Total liabilities and shareholders' equity

1,610,869

1,586,262

1,342,565

1,304,294

1,191,477

1,177,833

1,192,482

1,229,512

1,060,410

1,079,274

1,069,394

1,072,074

1,009,864

1,038,213

1,055,308

1,068,736

948,976

967,991

980,450

1,046,930

1,014,876

956,779

954,304

985,970

967,090

742,325

790,168

804,892

812,565

840,968

796,157

777,498

749,599

791,726

742,460

729,430

644,395