1st Franklin Financial Corporation FFC Income Statement

1st franklin financial corporation (FFC)

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:
Interest Income
200,577	172,804	151,432	152,721	147,813	140,071	128,761	119,441	108,858	100,475	96,494
Net Investment Income
7,353	7,134	6,650	5,507	4,777	4,497	3,818	3,362	2,871	2,674	2,842
Total Interest Income
207,930	179,938	158,082	158,229	152,590	144,568	132,579	122,804	111,730	103,150	99,336
Senior Debt
18,663	12,993	11,964	-12,407	11,868	10,755	10,091	-9,861	-9,323	-8,583	-8,745
Subordinated Debt
849	888	940	-1,024	1,086	1,195	1,380	-1,533	-2,316	-3,855	-4,936
Interest Expense
19,513	13,881	12,904	13,432	12,954	11,951	11,471	11,394	11,640	12,438	13,681
NET INTEREST INCOME
188,417	166,056	145,177	144,796	139,635	132,617	121,107	111,410	100,089	90,711	85,654
Provision for loan losses
59,695	39,207	32,355	67,562	36,887	32,622	27,623	22,484	19,008	20,907	29,302
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
128,721	126,849	112,822	77,234	102,748	99,994	93,484	88,925	81,080	69,804	56,352
NET INSURANCE INCOME
Premiums and Commissions
49,355	44,387	42,264	47,621	52,446	47,964	45,683	42,845	39,439	36,521	35,375
Insurance Claims and Expense
13,451	11,934	10,776	-11,488	-12,559	-10,836	10,205	9,136	8,940	8,466	-8,565
Total Net Insurance Income
35,903	32,452	31,488	36,132	39,887	37,128	35,478	33,708	30,499	28,054	26,809
OTHER REVENUE
6,046	5,732	5,399	5,265	3,325	7,166	7,708	7,084	6,723	5,789	5,133
OTHER OPERATING EXPENSES:
Personnel Expense
93,820	91,585	84,380	69,814	71,834	67,419	63,044	59,483	55,399	51,566	48,366
Occupancy Expense
18,167	17,250	16,269	14,520	13,707	13,188	12,368	11,774	11,455	10,752	11,187
Other Expense
41,556	35,644	31,556	27,968	29,288	26,150	22,857	21,797	19,219	17,905	17,692
Operating Expenses, Total
153,544	144,480	132,206	112,303	114,831	106,758	98,271	93,056	86,074	80,224	77,245
INCOME BEFORE INCOME TAXES
17,127	20,552	17,504	6,329	31,129	37,531	38,400	36,662	32,229	23,422	11,050
Provision for Income Taxes
3,779	3,211	2,598	5,285	5,263	4,197	3,992	3,913	3,105	2,739	2,677
Net Income (Loss)
13,348	17,340	14,905	1,043	25,865	33,333	34,407	32,748	29,123	20,683	8,373
Distributions on Common Stock
-	-	-	-	-	-	-	-	-	-	8,758
BASIC EARNINGS PER SHARE
78.52	102.01	87.68	6.14	152.15	196.08	202.40	192.64	171.31	-	-