First defiance financial corp. (FDEF)
Income statement / Quarterly
Dec'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
Loans

33,695

33,284

32,660

31,214

30,841

29,371

27,660

26,526

26,278

25,975

25,318

21,969

20,975

20,264

19,666

19,312

18,901

18,419

18,139

17,887

17,788

17,365

16,878

16,651

17,037

17,197

17,047

16,796

17,774

18,000

18,197

18,650

19,095

19,488

19,841

20,224

22,230

22,477

Investment securities:
Taxable

1,095

1,134

1,289

1,365

1,293

1,207

1,189

1,049

944

896

943

979

840

767

781

843

887

880

918

913

947

933

852

775

676

667

674

678

769

1,093

1,268

1,111

1,173

1,207

1,162

1,029

1,022

1,078

Tax-exempt

793

818

849

840

874

870

850

802

802

792

809

777

736

731

762

787

793

796

803

779

773

787

756

752

721

723

732

725

735

749

726

672

682

658

606

569

512

491

Interest-bearing deposits

538

312

260

285

325

275

373

297

281

209

201

145

80

104

134

49

56

33

41

39

66

64

118

101

108

44

72

58

51

43

114

92

115

110

140

101

68

69

FHLB stock dividends

120

135

183

215

217

240

227

231

222

209

187

166

139

137

137

139

139

138

136

139

140

137

170

195

195

205

207

219

243

213

214

229

205

203

224

235

225

234

Total interest income

36,241

35,683

35,241

33,919

33,550

31,963

30,299

28,905

28,527

28,081

27,458

24,036

22,770

22,003

21,480

21,130

20,776

20,266

20,037

19,757

19,714

19,286

18,774

18,474

18,737

18,836

18,732

18,476

19,572

20,098

20,519

20,754

21,270

21,666

21,973

22,158

24,057

24,349

Interest Expense
Deposits

5,998

6,029

5,581

5,005

4,389

3,753

3,144

2,611

2,461

2,391

2,170

1,796

1,648

1,635

1,545

1,433

1,394

1,363

1,312

1,272

1,294

1,304

1,327

1,358

1,399

1,356

1,511

1,647

1,775

1,909

2,116

2,369

2,527

2,791

3,263

3,594

4,667

5,126

Federal Home Loan Bank advances and other

432

431

304

276

318

342

282

319

259

431

414

366

348

322

321

297

214

178

173

110

131

131

133

133

136

116

92

90

164

759

750

751

761

768

768

906

1,187

1,220

Subordinated debentures

311

329

350

364

347

334

320

280

252

239

229

215

205

191

182

175

162

154

150

147

148

147

146

146

149

150

150

152

158

172

310

331

333

333

286

326

332

327

Notes payable

-

2

17

4

-

5

6

8

-

13

13

14

-

35

36

-

-

38

37

-

-

41

39

-

-

58

61

-

-

83

97

-

-

127

140

-

109

115

Securities sold under agreement to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

-

-

-

38

-

-

-

41

-

-

-

60

-

-

-

104

-

-

-

130

-

-

Total interest expense

6,743

6,791

6,252

5,649

5,058

4,434

3,752

3,218

3,140

3,074

2,826

2,391

2,231

2,183

2,084

1,942

1,809

1,733

1,672

1,567

1,613

1,623

1,645

1,678

1,727

1,680

1,814

1,949

2,186

2,923

3,273

3,555

3,754

4,019

4,457

4,956

6,295

6,788

Net interest income

29,498

28,892

28,989

28,270

28,492

27,529

26,547

25,687

25,387

25,007

24,632

21,645

20,539

19,820

19,396

19,188

18,967

18,533

18,365

18,190

18,101

17,663

17,129

16,796

17,010

17,156

16,918

16,527

17,386

17,175

17,246

17,199

17,516

17,647

17,516

17,202

17,762

17,561

Provision for loan losses

1,084

1,327

282

212

472

1,376

423

-1,095

314

462

2,118

55

-149

15

53

364

43

-27

0

120

162

406

446

103

475

476

448

425

2,619

705

4,097

3,503

4,099

3,097

2,405

2,833

5,196

5,440

Net interest income after provision for loan losses

28,414

27,565

28,707

28,058

28,020

26,153

26,124

26,782

25,073

24,545

22,514

21,590

20,688

19,805

19,343

18,824

18,924

18,560

18,365

18,070

17,939

17,257

16,683

16,693

16,535

16,680

16,470

16,102

14,767

16,470

13,149

13,696

13,417

14,550

15,111

14,369

12,566

12,121

Noninterest Income
Service fees and other charges

3,693

4,027

3,301

3,007

3,338

3,335

3,296

3,131

3,065

3,153

3,161

2,760

2,701

2,765

2,799

2,644

2,734

2,799

2,690

2,529

2,766

2,660

2,508

2,324

2,506

2,605

2,549

2,385

2,631

2,790

2,687

2,671

2,952

3,071

2,747

2,617

3,301

3,397

Mortgage banking income

2,683

2,822

2,137

1,841

1,445

1,877

2,013

1,742

1,738

1,698

1,830

1,738

1,928

2,039

1,764

1,539

1,465

1,680

1,793

1,775

1,270

1,545

1,540

1,247

1,324

1,846

2,443

2,830

2,742

2,220

2,258

2,445

1,888

1,355

1,906

1,288

2,322

985

Insurance commissions

3,124

3,263

3,616

4,115

3,061

3,254

3,493

4,277

3,033

3,082

3,294

3,457

2,328

2,473

2,504

3,136

2,283

2,310

2,344

3,139

2,219

2,366

2,244

3,030

2,089

2,225

2,277

3,036

1,996

1,952

2,192

2,536

1,963

2,042

1,449

1,655

1,421

1,309

Gain on sale of non-mortgage loans

11

105

21

89

17

33

43

224

45

82

90

0

149

148

411

45

48

543

197

36

102

40

36

3

49

35

2

15

20

8

33

9

10

52

195

104

10

50

Gain on sale or call of securities

-

11

-

-

-

76

-

-

-

158

267

-

0

151

227

131

22

0

0

0

-

460

471

-

0

0

44

53

1,611

103

382

43

169

0

0

49

-

-

Total gains (impairment losses) on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

0

0

13

190

71

Losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

0

0

11

-

-

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

190

71

Trust income

745

511

476

523

503

514

522

552

932

486

464

450

445

420

409

427

368

370

367

357

345

315

302

278

274

251

238

206

147

147

169

153

134

143

174

148

118

132

Income from bank owned life insurance

456

783

527

392

402

399

566

400

419

421

422

1,823

223

225

230

231

237

238

212

208

218

1,130

235

219

211

212

231

229

241

244

219

220

227

228

237

237

226

212

Other noninterest income

1,090

320

408

846

-494

434

281

377

506

415

612

321

519

305

231

483

574

42

206

237

421

840

281

225

415

170

114

251

798

316

54

342

533

-34

130

-151

271

-223

Total noninterest income

11,815

11,842

10,486

10,813

8,369

9,922

10,214

10,703

9,897

9,495

10,140

10,549

8,293

8,526

8,575

8,636

7,731

7,982

7,809

8,281

7,342

9,356

7,617

7,326

6,531

7,344

7,898

9,005

10,181

7,780

7,994

8,419

7,876

6,857

6,838

5,945

7,479

5,791

Noninterest Expense
Compensation and benefits

14,631

14,061

14,398

14,085

13,550

12,882

12,885

13,249

12,259

11,780

11,473

14,335

9,937

10,295

9,770

10,185

9,874

9,791

9,182

8,922

9,075

9,287

8,709

8,472

8,310

8,718

8,475

8,798

7,807

8,245

8,049

8,465

8,096

8,173

7,451

7,834

7,114

6,589

Occupancy

2,276

2,206

2,304

2,241

2,390

2,154

2,026

2,071

1,956

1,960

1,954

1,837

1,983

1,822

1,828

1,785

1,836

1,788

1,809

1,764

1,778

1,613

1,704

1,588

1,654

1,719

1,670

1,632

1,860

2,170

1,760

1,788

1,743

1,779

1,792

1,852

1,734

1,701

FDIC insurance

208

-255

258

273

204

255

202

360

277

330

353

290

161

352

329

327

325

329

319

351

331

350

353

385

359

326

275

656

659

691

672

669

658

674

677

913

907

929

Financial institutions tax

-

555

556

556

-

531

531

531

-

404

535

480

-

446

447

446

-

447

411

481

-

515

514

495

-

580

627

629

-

623

512

514

-

541

542

542

542

516

Data processing

1,763

1,728

2,267

2,297

2,206

2,161

2,083

2,105

1,905

1,874

2,019

1,939

1,644

1,622

1,641

1,460

1,430

1,531

1,599

1,523

1,523

1,489

1,479

1,365

1,313

1,318

1,313

1,181

1,182

1,140

1,169

1,169

1,140

1,077

979

1,061

1,186

1,174

Acquisition related charges

-

540

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

135

-

16

37

Amortization of intangibles

-

264

276

299

-

319

332

347

-

364

334

232

-

115

147

157

-

157

162

217

-

269

274

289

-

296

313

336

-

344

349

375

-

386

320

344

356

345

Other noninterest expense

8,927

4,104

4,176

5,115

5,451

3,984

4,606

4,588

7,091

3,728

3,962

4,029

6,213

3,640

3,185

2,914

5,758

2,805

3,314

3,639

6,618

3,248

3,324

4,067

7,131

3,143

3,051

4,010

8,748

3,237

3,021

3,279

6,628

2,733

3,190

4,080

5,247

3,754

Total noninterest expense

24,759

23,203

24,235

24,866

21,210

22,286

22,665

23,251

21,139

20,440

20,630

23,142

18,180

18,292

17,347

17,274

17,348

16,848

16,796

16,897

16,969

16,771

16,357

16,661

15,986

16,100

15,724

17,242

17,539

16,450

15,532

16,259

15,590

15,462

15,086

16,626

17,102

15,045

Income before income taxes

15,470

16,204

14,958

14,005

15,179

13,789

13,673

14,234

13,831

13,600

12,024

8,997

10,801

10,039

10,571

10,186

9,307

9,694

9,378

9,454

8,312

9,842

7,943

7,358

7,080

7,924

8,644

7,865

7,409

7,800

5,611

5,856

5,703

5,945

6,863

3,688

2,943

2,867

Federal income taxes

2,952

3,033

2,759

2,523

3,082

2,483

2,564

2,497

4,431

4,219

3,677

3,857

3,436

2,994

3,307

3,017

2,744

2,998

2,815

2,853

1,957

2,773

2,254

2,179

1,992

2,445

2,535

2,306

2,253

2,366

1,690

1,703

1,640

1,884

2,113

1,028

668

808

Net Income

12,518

13,171

12,199

11,482

12,097

11,306

11,109

11,737

9,400

9,381

8,347

5,140

7,365

7,045

7,264

7,169

6,563

6,696

6,563

6,601

6,355

7,069

5,689

5,179

5,088

5,479

6,109

5,559

5,156

5,434

3,921

4,153

4,063

4,061

4,750

2,660

2,275

2,059

Dividends Accrued on Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

435

462

462

463

463

462

463

462

Accretion on Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

305

46

46

45

44

43

43

42

Redemption of Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-642

-

-

0

-

-

-

-

Net Income Applicable to Common Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,156

5,423

3,823

3,645

3,555

3,553

4,243

2,155

1,769

1,555

Earnings per common share (Note 4)
Basic

0.63

0.67

0.62

0.57

0.60

0.55

0.54

0.58

0.21

0.46

0.41

0.54

-0.78

0.78

0.81

0.80

0.73

0.72

0.71

0.71

0.68

0.75

0.59

0.53

0.52

0.56

0.63

0.57

0.54

0.56

0.39

0.37

0.38

0.37

0.44

0.25

0.22

0.19

Diluted

0.64

0.66

0.61

0.57

0.60

0.55

0.54

0.57

0.20

0.46

0.41

0.54

-0.77

0.78

0.80

0.79

0.71

0.72

0.70

0.69

0.65

0.71

0.57

0.51

0.50

0.54

0.60

0.55

0.52

0.54

0.38

0.37

0.38

0.36

0.43

0.25

0.22

0.19

Dividends declared per common share

0.22

0.19

0.19

0.19

0.17

0.17

0.15

0.15

0.00

0.12

0.12

0.25

-0.22

0.22

0.22

0.22

0.20

0.20

0.20

0.17

0.17

0.15

0.15

0.15

0.10

0.10

0.10

0.10

0.05

0.05

0.05

0.05

-

0.00

0.00

-

0.00

0.00

Basic

-

19

19

20,014

-

20

20

20,330

-

20

20

9

-

8

8

8

-

9

9

9

-

9

9

9,681

-

9

9,774

9

-

9,729

9,729

9,726

-

9

9

8

8,118

8,118

Diluted

-

19

19

20,095

-

20

20

20,438

-

20

20

9

-

9

9

9

-

9

9

9

-

9

10

10,108

-

10

10,156

10

-

10,000

9,985

9,970

-

9

9

8

8,118

8,193