1st constitution bancorp (FCCY)
Income statement / Quarterly
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'11Mar'11Sep'10Jun'10
INTEREST INCOME
INTEREST INCOME
Loans, including fees

14,805

15,195

13,316

12,869

12,157

12,124

12,193

11,349

9,536

9,811

9,416

8,697

8,043

8,615

9,054

8,133

7,899

6,921

9,527

9,238

8,289

8,185

8,586

7,870

6,238

5,248

5,701

5,645

5,972

6,943

6,966

6,319

6,414

6,662

5,632

5,167

5,354

6,349

5,736

Securities:
Securities:
Taxable

1,056

1,095

1,130

1,215

1,270

1,109

1,060

989

866

826

846

839

815

809

827

815

817

784

776

790

817

880

961

1,059

1,122

1,096

980

901

937

1,003

1,103

1,143

1,184

1,267

1,366

1,503

1,284

1,229

1,219

Tax-exempt

438

411

393

422

441

471

494

509

515

512

527

548

553

524

514

520

520

524

522

530

555

565

575

589

581

575

575

545

512

435

409

411

420

421

433

351

285

106

106

Federal funds sold and short-term investments

89

47

35

47

47

50

36

34

138

47

25

86

72

8

13

18

49

12

7

6

25

39

10

46

55

78

81

89

49

26

6

33

15

11

43

63

9

4

12

Total interest income

16,388

16,748

14,874

14,553

13,915

13,754

13,783

12,881

11,055

11,196

10,814

10,170

9,483

9,956

10,408

9,486

9,285

8,241

10,832

10,564

9,686

9,669

10,132

9,564

7,996

6,999

7,338

7,182

7,471

8,408

8,486

7,907

8,034

8,362

7,475

7,085

6,933

7,690

7,075

INTEREST EXPENSE
Deposits

3,238

3,202

2,904

2,671

2,317

1,969

1,854

1,469

1,219

1,199

1,204

1,104

1,043

1,055

1,051

988

950

939

921

912

932

973

955

972

899

819

842

869

956

1,023

1,026

1,079

1,186

1,294

1,437

1,530

1,398

1,567

1,681

Borrowings

62

-

-

-

173

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

-

-

268

257

-

-

349

220

7

-

113

109

127

189

197

165

136

139

159

153

126

127

144

128

116

104

103

104

103

109

119

103

117

128

104

103

106

309

278

Redeemable subordinated debentures

152

173

185

192

198

186

184

174

150

139

134

127

119

117

107

104

99

92

89

88

86

86

87

86

85

88

88

87

87

93

96

96

99

93

88

237

264

269

267

Total interest expense

3,452

3,589

3,357

3,120

2,688

2,415

2,387

1,863

1,376

1,418

1,451

1,340

1,289

1,361

1,355

1,257

1,185

1,170

1,169

1,153

1,144

1,186

1,186

1,186

1,100

1,012

1,033

1,061

1,147

1,225

1,242

1,279

1,403

1,516

1,630

1,871

1,769

2,146

2,226

Interest Income (Expense), Net

12,936

13,159

11,517

11,433

11,227

11,339

11,396

11,018

9,679

9,778

9,363

8,830

8,194

8,595

9,053

8,229

8,100

7,071

9,663

9,411

8,542

8,483

8,946

8,378

6,896

5,986

6,305

6,120

6,324

7,182

7,244

6,627

6,630

6,846

5,845

5,214

5,164

5,543

4,848

Provision for Loan and Lease Losses

895

300

350

400

300

225

225

225

225

150

150

150

150

0

0

-100

-200

500

100

0

500

500

650

4,100

500

-

539

236

-

499

499

549

599

1,274

608

275

399

875

550

Net interest income after provision for loan losses

12,041

12,859

11,167

11,033

10,927

11,114

11,171

10,793

9,454

9,628

9,213

8,680

8,044

8,595

9,053

8,329

8,300

6,571

9,563

9,411

8,042

7,983

8,296

4,278

6,396

5,686

5,765

5,883

6,324

6,682

6,744

6,077

6,030

5,571

5,237

4,939

4,764

4,668

4,298

NON-INTEREST INCOME
Service charges on deposit accounts

213

173

165

159

166

162

173

153

150

-

142

149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

154

-

185

176

197

203

186

190

239

234

268

267

219

244

231

221

223

227

243

231

227

243

237

234

175

185

188

Gain (Loss) on Sales of Loans, Net

1,470

1,329

1,351

1,160

1,045

1,050

1,292

984

1,149

1,213

1,329

1,018

1,589

1,259

876

747

903

761

783

1,203

1,292

1,540

556

267

740

211

641

479

731

389

509

495

468

419

508

411

436

416

392

Income on bank-owned life insurance

180

-

149

-

139

-

152

-

-

-

-

-

-

-

113

157

144

138

144

142

134

142

144

149

129

108

115

119

112

110

112

113

111

104

100

103

95

102

105

Bank Owned Life Insurance Income (Loss)

-

-

-

149

-

-

-

159

114

131

131

130

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Bargain Purchase, Gain Recognized, Amount

-

-

0

0

-

-

0

184

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities

8

14

16

0

0

0

0

6

6

1

24

-2

106

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

585

293

525

702

516

428

537

557

466

449

490

471

434

481

586

456

350

-60

314

453

464

520

514

577

549

589

627

627

541

557

451

348

357

354

382

390

317

291

320

Noninterest Income

2,456

1,995

2,206

2,170

1,866

1,836

2,154

2,043

1,885

1,945

2,116

1,766

2,413

2,032

1,760

1,536

1,594

1,042

1,427

1,988

2,129

2,435

1,482

1,260

1,637

1,154

1,616

1,447

1,608

1,597

1,316

1,187

1,165

1,121

1,229

1,140

1,024

996

1,007

NON-INTEREST EXPENSES
Salaries and employee benefits

6,169

5,832

5,231

5,278

4,963

5,139

4,900

5,076

4,738

4,994

4,617

4,692

4,501

4,145

4,102

4,291

4,005

2,552

4,373

4,478

4,186

4,922

3,922

3,685

3,588

3,250

3,060

3,045

3,352

3,278

3,061

3,154

2,940

2,905

2,892

2,843

2,576

2,532

2,417

Occupancy expense

1,170

1,116

972

991

1,021

1,019

907

885

812

646

865

820

838

625

911

835

872

241

963

1,048

1,110

856

834

839

826

644

629

622

677

610

523

613

723

614

628

580

566

499

452

Data processing expenses

446

435

379

345

348

323

331

369

309

332

338

326

318

336

314

314

313

260

326

306

319

323

313

312

316

243

273

294

301

282

257

252

263

258

295

313

303

284

272

FDIC insurance expense

34

41

-47

60

100

105

105

146

130

105

95

80

80

125

105

105

118

130

160

180

190

170

210

185

150

199

111

15

19

138

139

139

147

142

29

246

227

94

247

Other real estate owned expenses

17

37

52

34

48

83

73

0

2

-

11

11

-

-2

12

35

29

102

119

416

97

-35

132

98

41

-417

176

48

545

-

-

-

377

-

-

-

-

-

-

Business Combination, Acquisition Related Costs

-

-

302

258

-

0

0

1,977

164

265

0

0

0

-

-

-

-

-

-

-

-

0

0

109

1,423

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

1,957

1,823

1,546

1,600

1,614

1,626

1,578

1,798

1,490

1,685

1,691

1,757

1,919

2,338

1,218

858

1,287

1,954

1,439

1,544

954

1,327

1,312

1,478

1,002

676

1,001

1,136

1,185

-884

2,201

1,213

1,159

575

909

1,170

988

961

889

Noninterest Expense

9,793

10,454

8,435

8,566

8,094

8,295

7,894

10,251

7,645

8,047

7,617

7,686

7,656

7,567

6,662

6,438

6,624

5,239

7,380

7,972

6,856

7,563

6,723

6,706

7,346

4,923

5,253

5,162

6,082

6,600

6,183

5,373

5,612

5,229

4,756

5,155

4,662

4,372

4,279

Income before income taxes

4,704

4,400

4,938

4,637

4,699

4,655

5,431

2,585

3,694

3,526

3,712

2,760

2,801

3,060

4,151

3,427

3,270

2,374

3,610

3,427

3,315

2,855

3,055

-1,168

687

1,917

2,128

2,169

1,849

1,679

1,877

1,891

1,583

1,463

1,709

923

1,126

1,292

1,026

Income Tax Expense (Benefit)

1,283

1,156

1,315

1,267

1,302

1,342

1,420

714

841

2,951

1,227

841

852

1,006

1,456

1,113

1,048

747

1,148

1,112

1,055

839

917

-728

45

543

604

612

524

438

523

593

416

363

496

94

336

411

230

Net Income (Loss) Attributable to Parent

3,421

3,244

3,623

3,370

3,397

3,313

4,011

1,871

2,853

575

2,485

1,919

1,949

2,054

2,695

2,314

2,222

1,627

2,462

2,315

2,260

2,016

2,138

-440

642

1,374

1,523

1,557

1,325

1,240

1,354

1,298

1,166

1,099

1,213

828

789

881

795

EARNINGS PER COMMON SHARE
Dividends and accretion on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

176

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

618

Earnings Per Share, Basic

0.34

0.34

0.42

0.39

0.39

0.40

0.48

0.22

0.35

0.07

0.31

0.24

0.24

0.26

0.34

0.29

0.28

0.21

0.31

0.29

0.29

0.24

0.29

-0.06

0.09

0.24

0.25

0.26

0.22

0.21

0.25

0.24

0.22

0.18

0.24

0.16

0.16

0.15

0.13

Earnings Per Share, Diluted

0.33

0.33

0.42

0.39

0.39

0.38

0.46

0.22

0.34

0.07

0.30

0.23

0.23

0.26

0.33

0.28

0.27

0.20

0.30

0.29

0.28

0.24

0.28

-0.06

0.09

0.23

0.25

0.25

0.22

0.19

0.25

0.24

0.22

0.19

0.24

0.16

0.15

0.15

0.13

WEIGHTED AVERAGE SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic

10,200

9,576

8,666

8,634

8,624

8,437

8,392

8,341

8,111

8,077

8,063

8,033

8,026

7,987

7,974

7,947

7,939

7,926

7,920

7,881

7,877

8,851

7,475

7,469

7,145

-

-

-

5,895

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

10,262

9,620

8,722

8,696

8,694

8,680

8,678

8,628

8,386

8,316

8,328

8,301

8,304

8,235

8,185

8,151

8,136

8,122

8,079

8,069

8,031

9,102

7,603

7,469

7,340

-

-

-

6,034

-

-

-

-

-

-

-

-

-

-