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

56,185

53,537

50,466

49,343

47,823

45,202

42,889

40,112

37,460

35,967

34,771

34,409

33,845

33,701

32,007

32,480

33,585

33,975

35,239

34,298

32,930

30,879

27,942

25,058

22,833

22,568

24,262

25,527

26,201

26,643

26,362

25,028

23,876

22,816

22,503

22,607

0

0

0

Securities:
Securities:
Taxable

4,496

4,710

4,724

4,654

4,428

4,024

3,741

3,527

3,377

3,326

3,309

3,290

3,266

3,268

3,243

3,192

3,167

3,167

3,263

3,448

3,717

4,022

4,238

4,257

4,099

3,915

3,822

3,945

4,186

4,434

4,698

4,961

5,321

5,422

5,383

5,237

0

0

0

Tax-exempt

1,664

1,667

1,727

1,828

1,915

1,989

2,030

2,063

2,102

2,140

2,152

2,139

2,111

2,078

2,078

2,086

2,096

2,131

2,172

2,225

2,284

2,310

2,320

2,320

2,277

2,209

2,069

1,904

1,769

1,677

1,663

1,687

1,627

1,492

1,177

849

0

0

0

Federal funds sold and short-term investments

218

176

179

180

167

258

255

244

296

230

191

179

111

88

92

86

74

50

77

80

120

150

189

261

305

300

247

172

116

81

66

102

132

126

120

89

0

0

0

Total interest income

62,563

60,090

57,096

56,005

54,333

51,473

48,915

45,946

43,235

41,663

40,423

40,017

39,333

39,135

37,420

37,844

38,922

39,323

40,751

40,051

39,051

37,361

34,691

31,897

29,516

28,992

30,401

31,549

32,274

32,836

32,790

31,779

30,957

29,857

29,184

28,783

0

0

0

INTEREST EXPENSE
Deposits

12,015

11,094

9,861

8,811

7,609

6,511

5,741

5,091

4,726

4,550

4,406

4,253

4,137

4,044

3,928

3,798

3,722

3,704

3,738

3,772

3,832

3,799

3,645

3,533

3,430

3,488

3,691

3,875

4,084

4,314

4,586

4,997

5,448

5,660

5,933

6,177

0

0

0

Borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings

-

-

958

1,039

-

-

656

420

309

-

538

622

678

687

637

599

587

577

565

550

525

515

492

451

427

415

420

436

435

450

469

455

455

444

624

798

0

0

0

Redeemable subordinated debentures

702

748

761

760

742

694

647

597

550

519

497

470

447

427

402

384

368

355

349

347

345

344

346

347

349

352

357

365

374

385

386

377

518

683

859

1,038

0

0

0

Total interest expense

13,518

12,754

11,580

10,610

9,353

8,041

7,044

6,108

5,585

5,498

5,441

5,345

5,262

5,158

4,967

4,781

4,677

4,636

4,652

4,669

4,702

4,658

4,484

4,331

4,207

4,255

4,468

4,677

4,894

5,151

5,441

5,829

6,421

6,787

7,417

8,014

0

0

0

Interest Income (Expense), Net

49,045

47,336

45,516

45,395

44,980

43,432

41,871

39,838

37,650

36,165

34,982

34,672

34,071

33,977

32,453

33,063

34,245

34,687

36,099

35,382

34,349

32,703

30,206

27,566

25,308

24,737

25,932

26,871

27,379

27,685

27,348

25,949

24,536

23,069

21,766

20,769

0

0

0

Provision for Loan and Lease Losses

1,945

1,350

1,275

1,150

975

900

825

750

675

600

450

300

50

-300

200

300

400

1,100

1,100

1,650

5,750

5,750

5,789

5,376

0

-

0

0

-

2,149

2,924

3,033

2,758

2,558

2,158

2,099

0

0

0

Net interest income after provision for loan losses

47,100

45,986

44,241

44,245

44,005

42,532

41,046

39,088

36,975

35,565

34,532

34,372

34,021

34,277

32,253

32,763

33,845

33,587

34,999

33,732

28,599

26,953

24,656

22,125

23,731

23,660

24,655

25,635

25,829

25,535

24,423

22,916

21,777

20,511

19,608

18,669

0

0

0

NON-INTEREST INCOME
Service charges on deposit accounts

710

663

652

660

654

638

618

594

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

672

-

761

762

776

818

849

931

1,008

988

998

961

915

920

903

915

925

930

945

939

943

891

833

784

0

0

0

Gain (Loss) on Sales of Loans, Net

5,310

4,885

4,606

4,547

4,371

4,475

4,638

4,675

4,709

5,149

5,195

4,742

4,471

3,785

3,287

3,194

3,650

4,039

4,818

4,591

3,655

3,103

1,774

1,860

2,072

2,064

2,242

2,109

2,125

1,862

1,891

1,891

1,807

1,776

1,773

1,657

0

0

0

Income on bank-owned life insurance

0

-

0

-

0

-

0

-

-

-

-

-

-

-

552

583

568

558

562

562

569

564

530

502

473

457

458

454

448

447

442

430

421

404

402

406

0

0

0

Bank Owned Life Insurance Income (Loss)

-

-

-

590

-

-

-

535

506

522

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Bargain Purchase, Gain Recognized, Amount

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities

38

30

16

0

6

12

13

37

29

129

128

104

106

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

2,105

2,036

2,171

2,183

2,038

1,988

2,009

1,962

1,876

1,844

1,876

1,972

1,957

1,873

1,332

1,060

1,057

1,171

1,751

1,951

2,075

2,160

2,229

2,343

2,393

2,386

2,353

2,177

1,898

1,714

1,512

1,442

1,484

1,444

1,381

1,319

0

0

0

Noninterest Income

8,827

8,237

8,078

8,026

7,899

7,918

8,027

7,989

7,712

8,240

8,327

7,971

7,741

6,922

5,932

5,599

6,051

6,586

7,979

8,034

7,306

6,814

5,533

5,667

5,855

5,827

6,270

5,970

5,710

5,267

4,791

4,704

4,656

4,516

4,391

4,168

0

0

0

NON-INTEREST EXPENSES
Salaries and employee benefits

22,510

21,304

20,611

20,280

20,078

19,853

19,708

19,425

19,041

18,804

17,955

17,440

17,039

16,543

14,950

15,221

15,408

15,589

17,959

17,508

16,715

16,117

14,445

13,583

12,944

12,709

12,736

12,737

12,847

12,434

12,062

11,894

11,583

11,219

10,845

10,370

0

0

0

Occupancy expense

4,249

4,100

4,003

3,938

3,832

3,623

3,250

3,208

3,143

3,169

3,148

3,194

3,209

3,243

2,859

2,911

3,124

3,362

3,977

3,848

3,639

3,355

3,143

2,939

2,723

2,575

2,540

2,433

2,424

2,470

2,475

2,580

2,548

2,391

2,276

2,100

0

0

0

Data processing expenses

1,605

1,507

1,395

1,347

1,371

1,332

1,341

1,348

1,305

1,314

1,318

1,294

1,282

1,277

1,201

1,213

1,205

1,211

1,274

1,261

1,267

1,264

1,184

1,144

1,126

1,112

1,151

1,136

1,094

1,056

1,032

1,070

1,131

1,171

1,197

1,174

0

0

0

FDIC insurance expense

88

154

218

370

456

486

486

476

410

360

380

390

415

453

458

513

588

660

700

750

755

715

744

646

476

346

284

312

437

565

569

459

566

646

597

815

0

0

0

Other real estate owned expenses

140

171

217

238

204

158

86

24

0

-

0

0

-

74

178

285

666

734

597

610

292

236

-146

-102

-151

353

0

0

0

-

-

-

0

-

-

-

-

-

-

Business Combination, Acquisition Related Costs

-

-

560

258

-

2,141

2,406

2,406

429

265

0

0

0

-

-

-

-

-

-

-

-

1,532

1,532

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

6,926

6,583

6,386

6,418

6,616

6,492

6,551

6,664

6,623

7,052

7,705

7,232

6,333

5,701

5,317

5,538

6,224

5,891

5,264

5,137

5,071

5,119

4,468

4,158

3,817

4,001

2,439

3,639

3,715

3,689

5,149

3,857

3,815

3,644

4,029

4,009

0

0

0

Noninterest Expense

37,248

35,549

33,390

32,849

34,534

34,085

33,837

33,560

30,995

31,006

30,526

29,571

28,323

27,291

24,963

25,681

27,215

27,447

29,771

29,114

27,848

28,338

25,698

24,228

22,685

21,422

23,099

24,029

24,241

23,770

22,399

20,972

20,754

19,805

18,947

18,470

0

0

0

Income before income taxes

18,679

18,674

18,929

19,422

17,370

16,365

15,236

13,517

13,692

12,799

12,333

12,772

13,439

13,908

13,222

12,681

12,681

12,726

13,207

12,652

8,057

5,429

4,491

3,564

6,902

8,065

7,826

7,576

7,299

7,032

6,816

6,648

5,679

5,222

5,052

4,368

0

0

0

Income Tax Expense (Benefit)

5,021

5,040

5,226

5,331

4,778

4,317

5,926

5,733

5,860

5,871

3,926

4,155

4,427

4,623

4,364

4,056

4,055

4,062

4,154

3,923

2,083

1,073

777

464

1,805

2,285

2,180

2,098

2,080

1,971

1,896

1,870

1,371

1,291

1,338

1,072

0

0

0

Net Income (Loss) Attributable to Parent

13,658

13,634

13,703

14,091

12,592

12,048

9,310

7,784

7,832

6,928

8,407

8,617

9,012

9,285

8,858

8,625

8,626

8,664

9,053

8,729

5,974

4,356

3,714

3,099

5,096

5,780

5,646

5,478

5,219

5,060

4,919

4,777

4,308

3,931

3,713

3,295

0

0

0

EARNINGS PER COMMON SHARE
Dividends and accretion on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

-

-

-

-

-

-

-

-

-

-