1st Franklin Financial Corporation FFC Income Statement

1st franklin financial corporation (FFC)

Income statement / Quarterly

Mar'20	Sep'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:
Interest Income
56,146	53,048	49,695	40,887	45,634	43,158	43,123	34,217	38,766	38,017	40,431	35,830	38,776	37,757	40,357	34,687	38,265	36,836	38,023	33,057	36,242	34,842	35,929	30,843	33,298	31,766	32,853	28,483	31,275	29,510	30,172	-	-	-	-	22,932	-
Interest Expense
5,422	5,147	4,346	3,875	3,432	3,324	3,249	3,297	3,287	3,200	3,119	3,209	3,317	3,425	3,479	3,407	3,301	3,176	3,069	3,076	3,044	2,941	2,889	2,894	2,879	2,856	2,841	2,862	2,883	2,858	2,789	2,824	2,903	2,969	2,943	3,023	3,133
INTEREST INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,346	27,057	27,346	25,956	21,809
NET INTEREST INCOME
50,723	47,901	45,349	44,145	42,201	39,834	39,874	37,570	35,478	34,817	37,311	38,127	35,459	34,332	36,877	36,057	34,963	33,660	34,954	34,478	33,198	31,900	33,039	31,766	30,419	28,909	30,012	28,983	28,392	26,651	27,383	26,155	25,442	24,087	24,403	-	-
Provision for loan losses
18,140	15,276	10,542	13,824	10,211	6,971	8,200	9,912	5,777	6,987	9,677	28,652	16,458	11,272	11,179	13,263	10,872	6,528	6,222	10,372	9,184	7,171	5,894	9,130	7,268	5,718	5,505	16,598	5,966	4,041	-4,122	5,394	5,510	3,546	4,557	3,498	4,666
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
32,583	32,625	34,806	30,321	31,990	32,863	31,673	27,657	29,701	27,829	27,633	9,475	19,000	23,059	25,698	22,793	24,090	27,131	28,732	24,105	24,013	24,729	27,145	22,636	23,151	23,190	24,506	20,629	22,425	22,609	23,260	20,760	19,932	20,541	19,845	19,433	17,143
NET INSURANCE INCOME
Premiums and Commissions
13,226	12,634	11,910	11,856	11,464	10,513	10,552	10,513	10,490	10,157	11,103	11,714	11,748	11,478	12,680	13,289	14,467	12,516	12,173	12,299	12,164	11,636	11,863	11,968	11,564	11,008	11,141	11,229	10,873	10,335	10,407	10,486	10,062	9,463	9,427	9,234	8,765
Insurance Claims and Expense
3,660	3,446	3,334	3,437	3,215	2,700	2,580	2,977	2,667	2,409	2,721	-20,177	3,056	2,830	2,801	-9,715	3,337	-3,573	-2,607	-3,377	-2,566	-2,743	-2,149	17,542	-2,643	-2,422	-2,271	15,502	-2,460	-2,021	-1,882	2,382	2,307	2,285	1,965	1,992	2,080
Total Net Insurance Income
9,566	9,188	8,576	8,419	8,248	7,812	7,972	7,535	7,823	7,748	8,381	8,914	8,691	8,647	9,879	10,249	11,130	8,942	9,565	8,921	9,598	8,893	9,714	9,100	8,921	8,586	8,870	8,458	8,412	8,313	8,524	8,103	7,755	7,178	7,461	7,242	6,685
OTHER REVENUE
1,170	1,534	1,141	1,832	1,423	1,471	1,004	1,526	1,708	1,123	1,041	1,759	1,518	1,434	551	839	324	1,217	943	1,374	1,974	2,224	1,593	2,592	1,818	1,950	1,347	2,277	1,689	1,830	1,287	2,108	1,658	1,753	1,202	1,458	1,434
OTHER OPERATING EXPENSES:
Personnel Expense
23,640	24,071	23,772	25,491	21,663	22,631	21,799	22,959	20,959	20,226	20,234	16,726	16,902	18,138	18,047	17,451	18,428	17,949	18,004	17,577	17,745	15,477	16,619	15,676	15,715	15,711	15,941	16,172	13,782	14,708	14,820	15,194	13,567	13,403	13,234	12,185	11,845
Occupancy Expense
4,486	4,570	4,497	4,411	4,344	4,220	4,273	4,286	4,054	4,062	3,865	3,772	3,718	3,575	3,453	3,359	3,436	3,472	3,438	3,332	3,363	3,247	3,244	3,161	3,122	3,064	3,020	2,958	2,986	2,902	2,926	2,933	2,958	2,799	2,763	2,727	2,612
Other Expense
12,357	10,288	10,928	9,711	8,613	7,251	10,068	8,693	7,258	7,331	8,272	6,628	7,148	7,003	7,188	8,066	6,823	6,269	8,128	7,031	6,101	6,354	6,663	6,089	5,568	5,557	5,642	6,002	5,053	5,426	5,314	4,834	4,311	5,502	4,571	4,423	4,440
Operating Expenses, Total
40,485	38,930	39,197	39,613	34,621	34,104	36,141	35,940	32,272	31,620	32,373	27,127	27,768	28,718	28,688	28,878	28,689	27,692	29,571	27,940	27,210	25,079	26,528	24,926	24,405	24,334	24,604	25,133	21,822	23,037	23,061	22,963	20,837	21,704	20,569	19,336	18,898
INCOME BEFORE INCOME TAXES
2,834	4,417	5,327	959	7,041	8,043	4,508	778	6,960	5,081	4,683	-6,977	1,442	4,423	7,441	5,004	6,856	9,599	9,669	6,461	8,376	10,768	11,925	9,402	9,486	9,392	10,119	6,230	10,704	9,715	10,011	8,010	8,509	7,768	7,940	8,798	6,364
Provision for Income Taxes
945	983	822	800	833	783	794	-1,183	1,322	1,206	1,252	1,275	1,264	1,274	1,471	1,506	1,672	971	1,113	960	1,104	992	1,140	1,031	969	965	1,025	914	1,526	730	741	1,018	806	627	652	705	596
Net Income (Loss)
1,889	3,434	4,504	158	6,208	7,259	3,714	1,962	5,637	3,874	3,430	-8,253	178	3,148	5,969	3,497	5,184	8,627	8,555	5,501	7,271	9,776	10,784	8,370	8,516	8,427	9,093	5,316	9,177	8,984	9,269	6,991	7,702	7,140	7,288	8,093	5,767
Cumulative Change in Accounting Principal
-2,158	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on Common Stock
-100	-	-118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
170,000 Shares Outstanding for All Periods (1,700 voting, 168,300 non-voting)
11.11	-	26.50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment Resulting from the Adoption of Accounting Standard (Note 1)
-	-	-	-	-	0	-792	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on Common Stock
-	-	-	-	-	-1,312	0	-	0	401	-562	-	0	5,882	2,767	-	3,228	6,297	777	-	8,875	8,890	4,620	-	3,538	8,715	1,763	-	3,426	6,057	-	-	2,461	3,855	1,368	2,416	2,151
Shares Outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	170	-
BASIC EARNINGS PER SHARE
-	20.20	-	0.94	36.52	42.70	21.85	11.54	33.17	22.79	20.18	-48.54	1.05	18.52	35.11	20.57	30.50	50.75	50.33	31.87	42.77	58.00	63.44	49.24	50.10	49.57	53.49	31.27	53.99	52.85	54.53	41.13	45.31	42.00	42.87	47.61	33.93