FIRST DEFIANCE FINANCIAL CORP. FDEF Income Statement

First defiance financial corp. (FDEF)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest Income
Loans
130,853	114,398	99,540	80,217	73,346	68,682	68,077	72,621	78,648	88,628	93,702
Investment securities:
Taxable
4,883	4,738	3,762	3,231	3,598	3,507	2,695	4,241	4,571	4,070	3,976
Tax-exempt
3,300	3,396	3,180	3,016	3,171	3,068	2,901	2,882	2,515	1,985	1,797
Interest-bearing deposits
1,395	1,270	836	367	169	349	282	300	466	303	149
FHLB stock dividends
653	915	784	552	552	642	826	899	867	879	955
Total interest income
141,084	124,717	108,102	87,383	80,836	76,248	74,781	80,943	87,067	95,865	100,579
Interest Expense
Deposits
22,613	13,897	8,818	6,261	5,341	5,283	5,913	8,169	12,175	19,222	26,102
Federal Home Loan Bank advances and other
1,443	1,261	1,470	1,288	675	528	434	2,424	3,203	4,711	5,114
Subordinated debentures
1,354	1,281	935	753	613	587	601	971	1,278	1,314	1,471
Securities sold under agreement to repurchase
25	23	208	138	152	161	222	373	530	455	570
Total interest expense
25,435	16,462	11,431	8,440	6,781	6,559	7,170	11,937	17,186	25,702	33,257
Net interest income
115,649	108,255	96,671	78,943	74,055	69,689	67,611	69,006	69,881	70,163	67,322
Provision for loan losses
2,905	1,176	2,949	283	136	1,117	1,824	10,924	12,434	23,177	23,232
Net interest income after provision for loan losses
112,744	107,079	93,722	78,660	73,919	68,572	65,787	58,082	57,447	46,986	44,090
Noninterest Income
Service fees and other charges
14,028	13,100	12,139	10,909	10,752	10,258	10,045	10,779	11,387	12,740	13,503
Mortgage banking income
9,483	7,077	7,004	7,270	6,713	5,602	8,443	9,665	6,437	7,847	9,747
Insurance commissions
14,118	14,085	12,866	10,441	10,076	9,859	9,627	8,676	7,109	5,140	5,021
Gain on sale of non-mortgage loans
226	317	217	753	824	181	101	70	361	516	264
Gain on sale or call of securities
24	173	584	509	22	932	97	2,139	218	-8	284
Total gains (impairment losses) on investment securities
-	-	-	-	-	-	-337	-31	44	-367	4,015
Losses recognized in other comprehensive income
-	-	-	-	-	-	0	26	42	36	75
Net impairment loss recognized in earnings
-	-	-	-	-	-	337	5	2	331	3,940
Trust income
2,255	2,091	2,332	1,701	1,462	1,240	969	616	599	507	415
Income from bank owned life insurance
2,158	1,767	3,085	909	895	1,802	883	924	929	1,146	557
Other noninterest income
2,664	598	1,854	1,538	1,059	1,767	950	1,510	478	33	444
Total noninterest income
44,956	39,208	40,081	34,030	31,803	31,641	30,778	34,374	27,516	27,590	26,295
Noninterest Expense
Compensation and benefits
57,175	52,566	49,847	40,187	37,769	35,543	34,301	32,566	31,554	27,403	27,898
Occupancy
9,027	8,641	7,707	7,418	7,197	6,683	6,675	7,578	7,166	7,048	7,852
FDIC insurance
484	1,021	1,250	1,169	1,324	1,419	1,616	2,691	2,922	3,766	3,350
Data processing
8,055	8,555	7,737	6,367	6,083	5,856	5,125	4,660	4,257	4,909	4,541
Acquisition related charges
-	-	-	-	-	-	-	-	234	63	-
Other noninterest expense
22,322	18,629	18,810	15,952	15,516	17,257	17,335	18,285	16,631	20,274	16,883
Total noninterest expense
97,063	89,412	85,351	71,093	67,889	66,758	65,052	65,780	62,764	63,463	60,524
Income before income taxes
60,637	56,875	48,452	41,597	37,833	33,455	31,513	26,676	22,199	11,113	9,861
Federal income taxes
11,267	10,626	16,184	12,754	11,410	9,163	9,278	8,012	6,665	3,005	2,667
Net Income
49,370	46,249	32,268	28,843	26,423	24,292	22,235	18,664	15,534	8,108	7,194
Dividends Accrued on Preferred Shares
-	-	-	-	-	-	-	900	1,850	1,850	1,850
Accretion on Preferred Shares
-	-	-	-	-	-	-	359	178	170	160
Redemption of Preferred Shares
-	-	-	-	-	-	-	-642	0	0	-
Net Income Applicable to Common Shares
-	-	-	-	-	-	-	18,047	13,506	6,088	5,184
Earnings per common share (Note 4)
Basic
2.49	2.27	1.62	1.61	2.87	2.55	2.28	1.86	1.44	0.75	0.64
Diluted
2.48	2.26	1.61	1.60	2.82	2.44	2.19	1.81	1.42	0.75	0.63
Dividends declared per common share
0.79	0.64	0.50	0.44	0.77	0.62	0.40	0.20	0.05	0.00	0.29