FIRST DEFIANCE FINANCIAL CORP. FDEF Income Statement

First defiance financial corp. (FDEF)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Loans
130,853	127,999	124,086	119,086	114,398	109,835	106,439	104,097	99,540	94,237	88,526	82,874	80,217	78,143	76,298	74,771	73,346	72,233	71,179	69,918	68,682	67,931	67,763	67,932	68,077	68,814	69,617	70,767	72,621	73,942	75,430	77,074	78,648	81,783	84,772	0	0	0
Investment securities:
Taxable
4,883	5,081	5,154	5,054	4,738	4,389	4,078	3,832	3,762	3,658	3,529	3,367	3,231	3,278	3,391	3,528	3,598	3,658	3,711	3,645	3,507	3,236	2,970	2,792	2,695	2,788	3,214	3,808	4,241	4,645	4,759	4,653	4,571	4,420	4,291	0	0	0
Tax-exempt
3,300	3,381	3,433	3,434	3,396	3,324	3,246	3,205	3,180	3,114	3,053	3,006	3,016	3,073	3,138	3,179	3,171	3,151	3,142	3,095	3,068	3,016	2,952	2,928	2,901	2,915	2,941	2,935	2,882	2,829	2,738	2,618	2,515	2,345	2,178	0	0	0
Interest-bearing deposits
1,395	1,182	1,145	1,258	1,270	1,226	1,160	988	836	635	530	463	367	343	272	179	169	179	210	287	349	391	371	325	282	225	224	266	300	364	431	457	466	419	378	0	0	0
FHLB stock dividends
653	750	855	899	915	920	889	849	784	701	629	579	552	552	553	552	552	553	552	586	642	697	765	802	826	874	882	889	899	861	851	861	867	887	918	0	0	0
Total interest income
141,084	138,393	134,673	129,731	124,717	119,694	115,812	112,971	108,102	102,345	96,267	90,289	87,383	85,389	83,652	82,209	80,836	79,774	78,794	77,531	76,248	75,271	74,821	74,779	74,781	75,616	76,878	78,665	80,943	82,641	84,209	85,663	87,067	89,854	92,537	0	0	0
Interest Expense
Deposits
22,613	21,004	18,728	16,291	13,897	11,969	10,607	9,633	8,818	8,005	7,249	6,624	6,261	6,007	5,735	5,502	5,341	5,241	5,182	5,197	5,283	5,388	5,440	5,624	5,913	6,289	6,842	7,447	8,169	8,921	9,803	10,950	12,175	14,315	16,650	0	0	0
Federal Home Loan Bank advances and other
1,443	1,329	1,240	1,218	1,261	1,202	1,291	1,423	1,470	1,559	1,450	1,357	1,288	1,154	1,010	862	675	592	545	505	528	533	518	477	434	462	1,105	1,763	2,424	3,021	3,030	3,048	3,203	3,629	4,081	0	0	0
Subordinated debentures
1,354	1,390	1,395	1,365	1,281	1,186	1,091	1,000	935	888	840	793	753	710	673	641	613	599	592	588	587	588	591	595	601	610	632	792	971	1,146	1,307	1,283	1,278	1,277	1,271	0	0	0
Notes payable
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Securities sold under agreement to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-
Total interest expense
25,435	23,750	21,393	18,893	16,462	14,544	13,184	12,258	11,431	10,522	9,631	8,889	8,440	8,018	7,568	7,156	6,781	6,585	6,475	6,448	6,559	6,673	6,730	6,899	7,170	7,629	8,872	10,331	11,937	13,505	14,601	15,785	17,186	19,727	22,496	0	0	0
Net interest income
115,649	114,643	113,280	110,838	108,255	105,150	102,628	100,713	96,671	91,823	86,636	81,400	78,943	77,371	76,084	75,053	74,055	73,189	72,319	71,083	69,689	68,598	68,091	67,880	67,611	67,987	68,006	68,334	69,006	69,136	69,608	69,878	69,881	70,127	70,041	0	0	0
Provision for loan losses
2,905	2,293	2,342	2,483	1,176	1,018	104	1,799	2,949	2,486	2,039	-26	283	475	433	380	136	255	688	1,134	1,117	1,430	1,500	1,502	1,824	3,968	4,197	7,846	10,924	12,404	14,796	13,104	12,434	13,531	15,874	0	0	0
Net interest income after provision for loan losses
112,744	112,350	110,938	108,355	107,079	104,132	102,524	98,914	93,722	89,337	84,597	81,426	78,660	76,896	75,651	74,673	73,919	72,934	71,631	69,949	68,572	67,168	66,591	66,378	65,787	64,019	63,809	60,488	58,082	56,732	54,812	56,774	57,447	56,596	54,167	0	0	0
Noninterest Income
Service fees and other charges
14,028	13,673	12,981	12,976	13,100	12,827	12,645	12,510	12,139	11,775	11,387	11,025	10,909	10,942	10,976	10,867	10,752	10,784	10,645	10,463	10,258	9,998	9,943	9,984	10,045	10,170	10,355	10,493	10,779	11,100	11,381	11,441	11,387	11,736	12,062	0	0	0
Mortgage banking income
9,483	8,245	7,300	7,176	7,077	7,370	7,191	7,008	7,004	7,194	7,535	7,469	7,270	6,807	6,448	6,477	6,713	6,518	6,383	6,130	5,602	5,656	5,957	6,860	8,443	9,861	10,235	10,050	9,665	8,811	7,946	7,594	6,437	6,871	6,501	0	0	0
Insurance commissions
14,118	14,055	14,046	13,923	14,085	14,057	13,885	13,686	12,866	12,161	11,552	10,762	10,441	10,396	10,233	10,073	10,076	10,012	10,068	9,968	9,859	9,729	9,588	9,621	9,627	9,534	9,261	9,176	8,676	8,643	8,733	7,990	7,109	6,567	5,834	0	0	0
Gain on sale of non-mortgage loans
226	232	160	182	317	345	394	441	217	321	387	708	753	652	1,047	833	824	878	375	214	181	128	123	89	101	72	45	76	70	60	104	266	361	361	359	0	0	0
Gain on sale or call of securities
-	0	-	-	-	0	-	-	-	0	0	-	509	531	380	153	22	460	931	0	-	0	0	-	97	1,708	1,811	2,149	2,139	697	594	212	218	0	0	0	-	-
Total gains (impairment losses) on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	203	274	0	0	0
Losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	0	0	0	-	-
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	192	263	0	0	0
Trust income
2,255	2,013	2,016	2,062	2,091	2,520	2,492	2,434	2,332	1,845	1,779	1,724	1,701	1,624	1,574	1,532	1,462	1,439	1,384	1,319	1,240	1,169	1,105	1,041	969	842	738	669	616	603	599	604	599	583	572	0	0	0
Income from bank owned life insurance
2,158	2,104	1,720	1,759	1,767	1,784	1,806	1,662	3,085	2,889	2,693	2,501	909	923	936	918	895	876	1,768	1,791	1,802	1,795	877	873	883	913	945	933	924	910	894	912	929	928	912	0	0	0
Other noninterest income
2,664	1,080	1,194	1,067	598	1,598	1,579	1,910	1,854	1,867	1,757	1,376	1,538	1,593	1,330	1,305	1,059	906	1,704	1,779	1,767	1,761	1,091	924	950	1,333	1,479	1,419	1,510	1,245	895	971	478	216	27	0	0	0
Total noninterest income
44,956	41,510	39,590	39,318	39,208	40,736	40,309	40,235	40,081	38,477	37,508	35,943	34,030	33,468	32,924	32,158	31,803	31,414	32,788	32,596	31,641	30,830	28,818	29,099	30,778	34,428	34,864	34,960	34,374	32,069	31,146	29,990	27,516	27,119	26,053	0	0	0
Noninterest Expense
Compensation and benefits
57,175	56,094	54,915	53,402	52,566	51,275	50,173	48,761	49,847	47,525	46,040	44,337	40,187	40,124	39,620	39,032	37,769	36,970	36,466	35,993	35,543	34,778	34,209	33,975	34,301	33,798	33,325	32,899	32,566	32,855	32,783	32,185	31,554	30,572	28,988	0	0	0
Occupancy
9,027	9,141	9,089	8,811	8,641	8,207	8,013	7,941	7,707	7,734	7,596	7,470	7,418	7,271	7,237	7,218	7,197	7,139	6,964	6,859	6,683	6,559	6,665	6,631	6,675	6,881	7,332	7,422	7,578	7,461	7,070	7,102	7,166	7,157	7,079	0	0	0
FDIC insurance
484	480	990	934	1,021	1,094	1,169	1,320	1,250	1,134	1,156	1,132	1,169	1,333	1,310	1,300	1,324	1,330	1,351	1,385	1,419	1,447	1,423	1,345	1,616	1,916	2,281	2,678	2,691	2,690	2,673	2,678	2,922	3,171	3,426	0	0	0
Financial institutions tax
-	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
Data processing
8,055	8,498	8,931	8,747	8,555	8,254	7,967	7,903	7,737	7,476	7,224	6,846	6,367	6,153	6,062	6,020	6,083	6,176	6,134	6,014	5,856	5,646	5,475	5,309	5,125	4,994	4,816	4,672	4,660	4,618	4,555	4,365	4,257	4,303	4,400	0	0	0
Acquisition related charges
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Amortization of intangibles
-	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
Other noninterest expense
22,322	18,846	18,726	19,156	18,629	20,269	20,013	19,369	18,810	17,932	17,844	17,067	15,952	15,497	14,662	14,791	15,516	16,376	16,819	16,829	17,257	17,770	17,665	17,392	17,335	18,952	19,046	19,016	18,285	16,165	15,661	15,830	16,631	15,250	16,271	0	0	0
Total noninterest expense
97,063	93,514	92,597	91,027	89,412	89,341	87,495	85,460	85,351	82,392	80,244	76,961	71,093	70,261	68,817	68,266	67,889	67,510	67,433	66,994	66,758	65,775	65,104	64,471	65,052	66,605	66,955	66,763	65,780	63,831	62,843	62,397	62,764	64,276	63,859	0	0	0
Income before income taxes
60,637	60,346	57,931	56,646	56,875	55,527	55,338	53,689	48,452	45,422	41,861	40,408	41,597	40,103	39,758	38,565	37,833	36,838	36,986	35,551	33,455	32,223	30,305	31,006	31,513	31,842	31,718	28,685	26,676	24,970	23,115	24,367	22,199	19,439	16,361	0	0	0
Federal income taxes
11,267	11,397	10,847	10,652	10,626	11,975	13,711	14,824	16,184	15,189	13,964	13,594	12,754	12,062	12,066	11,574	11,410	10,623	10,398	9,837	9,163	9,198	8,870	9,151	9,278	9,539	9,460	8,615	8,012	7,399	6,917	7,340	6,665	5,693	4,617	0	0	0
Net Income
49,370	48,949	47,084	45,994	46,249	43,552	41,627	38,865	32,268	30,233	27,897	26,814	28,843	28,041	27,692	26,991	26,423	26,215	26,588	25,714	24,292	23,025	21,435	21,855	22,235	22,303	22,258	20,070	18,664	17,571	16,198	17,027	15,534	13,746	11,744	0	0	0
Dividends Accrued on Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	1,362	1,822	1,850	1,850	1,851	1,850	0	0	0
Accretion on Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	359	405	442	181	178	175	172	0	0	0
Redemption of Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-
Net Income Applicable to Common Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,047	16,446	14,576	14,996	13,506	11,720	9,722	0	0	0
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