Flushing financial corporation (FFIC)
Income statement / Quarterly
Mar'20Dec'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 and dividend income
Interest and fees on loans

61,109

64,316

62,825

62,273

62,330

60,722

59,658

57,322

55,017

53,449

53,318

51,631

50,885

49,973

49,181

48,413

47,558

45,859

45,243

44,084

43,534

43,050

42,668

42,489

42,120

42,968

42,540

42,861

42,940

43,946

44,857

46,123

46,560

46,876

47,767

48,121

48,690

50,098

48,993

Interest and dividends on securities:
Interest

5,256

5,528

6,287

6,811

6,909

6,376

5,562

5,616

5,468

6,112

5,850

6,432

6,095

5,866

6,173

6,510

6,592

6,461

6,508

5,988

5,870

5,918

6,309

6,867

6,875

7,047

7,135

7,174

6,954

7,510

8,120

8,045

7,631

7,540

8,325

8,149

8,107

7,955

7,734

Dividends

15

17

18

19

19

18

18

17

14

13

30

123

121

121

121

120

119

118

119

118

118

179

190

195

189

254

163

236

175

252

191

205

207

205

202

202

202

207

203

Other interest income

290

318

259

472

555

317

248

338

287

123

121

129

153

59

49

48

94

30

43

32

21

24

10

18

27

25

13

24

17

14

25

11

17

23

35

27

27

11

9

Total interest and dividend income

66,670

70,179

69,389

69,575

69,813

67,433

65,486

63,293

60,786

59,697

59,319

58,315

57,254

56,019

55,524

55,091

54,363

52,468

51,913

50,222

49,543

49,171

49,177

49,569

49,211

50,294

49,851

50,295

50,086

51,722

53,193

54,384

54,415

54,644

56,329

56,499

57,026

58,271

56,939

Interest expense
Deposits

18,778

21,517

22,244

22,827

21,469

20,174

17,425

14,788

12,110

11,174

10,655

9,510

8,980

8,760

8,520

8,097

7,973

7,740

7,701

7,437

7,458

7,320

7,336

7,670

7,718

7,877

7,776

8,093

8,291

9,150

10,097

10,225

10,910

11,477

12,266

12,354

12,334

13,315

13,809

Other interest expense

7,066

7,483

8,196

6,739

6,541

6,623

6,540

5,865

6,067

5,463

5,623

5,188

4,885

4,908

5,291

5,105

5,257

5,312

4,902

4,645

4,531

-450

9,884

5,070

5,006

5,181

5,090

4,906

7,649

5,348

5,513

5,872

6,160

6,443

6,962

7,350

7,537

9,095

9,690

Total interest expense

25,844

29,000

30,440

29,566

28,010

26,797

23,965

20,653

18,177

16,637

16,278

14,698

13,865

13,668

13,811

13,202

13,230

13,052

12,603

12,082

11,989

6,870

17,220

12,740

12,724

13,058

12,866

12,999

15,940

14,498

15,610

16,097

17,070

17,920

19,228

19,704

19,871

22,410

23,499

Net interest income

40,826

41,179

38,949

40,009

41,803

40,636

41,521

42,640

42,609

43,060

43,041

43,617

43,389

42,351

41,713

41,889

41,133

39,416

39,310

38,140

37,554

42,301

31,957

36,829

36,487

37,236

36,985

37,296

34,146

37,224

37,583

38,287

37,345

36,724

37,101

36,795

37,155

35,861

33,440

Provision for credit losses

7,178

-318

683

1,474

972

422

0

0

153

6,595

3,266

0

0

-

0

0

0

664

-370

-516

-734

-3,192

-618

-1,092

-1,119

1,000

3,435

3,500

6,000

5,000

5,000

5,000

6,000

6,500

5,000

5,000

5,000

5,000

5,000

Net interest income after provision for credit losses

33,648

41,497

38,266

38,535

40,831

40,214

41,521

42,640

42,456

36,465

39,775

43,617

43,389

42,351

41,713

41,889

41,133

38,752

39,680

38,656

38,288

45,493

32,575

37,921

37,606

36,236

33,550

33,796

28,146

32,224

32,583

33,287

31,345

30,224

32,101

31,795

32,155

30,861

28,440

Non-interest income
Banking services fee income

798

844

847

1,059

973

1,065

1,017

1,000

948

1,383

885

1,014

874

983

826

973

976

1,245

778

898

884

1,070

748

867

709

1,075

344

1,228

1,040

2,732

411

409

455

2,361

430

388

461

437

431

Net loss on sale of securities

-37

0

0

-15

0

-

0

0

-

-

-186

-

-

-

0

2,363

-

-

103

64

-

-

5,216

-

-

49

96

18

2,858

-

96

-

-

-

-

-

-

39

23

Other-than-temporary impairment ("OTTI") charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,622

1,221

-

-

-

6,218

-

610

4,816

323

3,616

3,319

2,709

Other Comprehensive Income, before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,442

-

-

4,164

-

-

-

-

Net OTTI charge recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

916

503

-

-

-

776

-

0

652

0

926

550

988

Less: Non-credit portion of OTTI charge recorded in Other Comprehensive Income, before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

706

718

-

-

-

-

-

-

-

-

2,690

2,769

1,721

Loan fee income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

731

634

466

-

538

515

434

433

483

Net gain on sale of loans

42

489

204

114

63

0

10

421

-263

207

152

34

210

0

240

3

341

67

306

47

2

-

-

-

-

140

1

152

-9

-

52

39

-

-

493

-

-

-6

18

Net gain on sale of assets

-

-

0

770

-

-

0

0

-

-

-

-

-

-

0

33,814

-

-

0

6,537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from fair value adjustments

-5,993

807

-2,124

-1,956

-2,080

-3,585

-170

-267

-100

-631

-1,297

-1,159

-378

-509

-823

-1,115

-987

-920

-1,094

768

-595

-1,048

-474

-402

-644

-1,900

-190

-308

-123

240

825

-562

-448

695

2,085

-165

-655

-20

-31

Federal Home Loan Bank of New York stock dividends

964

1,026

834

826

903

946

873

881

876

875

740

643

823

794

665

582

623

514

480

457

518

454

463

430

551

449

399

401

414

394

390

338

385

322

338

342

500

444

453

Life insurance proceeds

0

419

0

0

43

0

2,222

0

776

0

238

6

1,161

2

47

0

411

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank owned life insurance

943

984

1,000

810

740

779

782

776

762

809

816

807

795

701

707

694

695

723

725

715

717

757

762

755

776

844

853

841

825

702

703

689

696

702

705

695

667

702

693

Other income

419

469

278

843

301

588

221

357

201

421

313

603

204

90

191

403

481

516

399

461

404

465

408

336

318

515

358

370

343

447

305

337

324

369

358

360

390

470

636

Total non-interest (loss) income

-2,864

5,038

1,039

2,451

943

-986

4,955

3,168

3,200

3,064

1,661

1,948

3,689

15,426

1,853

37,717

2,540

2,145

1,697

9,947

1,930

-576

7,123

1,986

1,710

1,064

945

2,199

5,348

2,566

3,513

1,108

1,878

2,980

4,295

2,135

871

1,949

1,718

Non-interest expense
Salaries and employee benefits

18,620

17,470

15,461

15,668

19,166

15,094

15,720

15,291

18,455

14,249

15,310

15,424

17,104

15,801

14,795

13,968

16,261

12,622

12,648

13,157

14,666

12,312

12,164

11,944

12,578

10,487

10,716

10,961

12,233

10,280

10,725

10,457

11,041

8,838

9,715

9,682

10,027

8,754

8,576

Occupancy and equipment

2,840

2,950

2,847

2,742

2,789

2,551

2,475

2,476

2,577

2,757

2,502

2,654

2,496

2,550

2,576

2,352

2,370

2,415

2,443

2,635

2,713

2,037

2,007

1,919

2,035

1,969

1,961

1,856

1,860

1,940

2,019

1,918

1,930

2,091

1,971

1,874

1,867

1,850

1,716

Professional services

2,862

2,120

2,167

1,806

2,265

1,821

1,915

2,439

2,185

1,822

1,763

1,919

1,996

1,813

1,730

2,027

2,150

2,038

1,907

1,350

1,779

1,644

1,601

1,527

1,210

830

1,247

1,515

1,618

1,287

1,546

1,553

1,722

1,764

1,697

1,637

1,599

1,535

1,760

FDIC deposit insurance

650

306

-589

667

485

472

596

547

500

487

499

503

326

613

536

940

904

859

817

811

749

566

771

673

697

771

658

786

991

1,018

1,064

1,087

1,017

969

1,030

951

1,428

1,200

1,249

Data processing

1,694

1,476

1,490

1,420

1,492

1,409

1,427

1,426

1,401

1,365

1,349

1,321

1,203

1,135

939

1,199

1,091

1,046

1,178

1,172

1,075

1,063

1,021

1,042

1,068

1,054

1,042

1,099

1,043

1,058

1,016

1,051

976

1,133

1,139

1,181

1,005

1,106

1,090

Depreciation and amortization

1,536

1,476

1,439

1,497

1,518

1,464

1,484

1,455

1,389

1,339

1,173

1,155

1,165

1,187

1,169

1,062

1,032

1,051

993

867

668

691

690

717

715

715

737

734

767

778

810

785

834

848

792

779

766

692

723

Other real estate owned/foreclosure expense (benefit)

164

-59

-48

-20

-77

128

102

-40

-96

-28

-121

96

-351

-782

-273

-405

153

-1,659

110

87

520

431

372

279

256

763

417

444

668

770

887

595

712

833

770

531

337

389

-

Prepayment penalty on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,082

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from other real estate owned

-31

-

0

0

0

-

0

27

-

100

0

0

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

4,311

3,790

3,182

3,338

4,627

3,077

3,718

3,749

4,691

3,832

3,249

3,185

4,973

1,525

4,259

4,419

4,536

3,568

3,612

4,169

3,769

2,941

2,811

2,523

3,534

2,305

2,272

2,818

3,239

2,677

2,676

2,793

3,304

2,893

2,376

2,230

2,986

2,130

2,496

Total non-interest expense

32,380

29,647

26,045

27,158

32,419

25,760

27,233

27,396

31,294

25,879

25,966

26,065

29,564

35,375

26,277

28,454

28,497

23,824

23,708

24,248

25,939

26,872

21,437

20,624

22,093

18,894

19,050

20,213

22,419

19,808

20,743

20,239

21,536

19,369

19,490

18,865

20,015

17,656

17,610

(Loss) Income before income taxes

-1,596

16,888

13,260

13,828

9,355

13,468

19,243

18,412

14,362

13,650

15,470

19,500

17,514

22,402

17,289

51,152

15,176

17,073

17,669

24,355

14,279

18,045

18,261

19,283

17,223

18,406

15,445

15,782

11,075

14,982

15,353

14,156

11,687

13,835

16,906

15,065

13,011

15,154

12,548

Provision (Benefit) for income taxes
Federal

989

3,058

2,457

2,981

1,943

349

2,307

3,311

2,607

7,839

4,680

5,576

4,749

8,062

5,568

15,203

4,747

5,061

5,375

7,155

4,252

5,401

5,240

5,513

4,758

4,627

4,593

4,663

3,461

4,337

4,543

4,236

3,624

4,174

5,099

4,564

3,912

7,489

3,751

State and local

-1,195

899

79

291

344

697

-397

1,178

343

-146

611

1,199

505

54

1,087

5,514

868

378

1,286

2,366

1,294

1,587

1,820

2,085

2,169

1,831

1,431

1,492

858

1,445

1,445

1,283

934

1,490

1,657

1,427

1,146

-6,963

1,124

Total taxes

-206

3,957

2,536

3,272

2,287

1,046

1,910

4,489

2,950

7,693

5,291

6,775

5,254

8,116

6,655

20,717

5,615

5,439

6,661

9,521

5,546

6,988

7,060

7,598

6,927

6,458

6,024

6,155

4,319

5,782

5,988

5,519

4,558

5,664

6,756

5,991

5,058

526

4,875

Net income (Loss)

-1,390

12,931

10,724

10,556

7,068

12,422

17,333

13,923

11,412

5,957

10,179

12,725

12,260

14,286

10,634

30,435

9,561

11,634

11,008

14,834

8,733

11,057

11,201

11,685

10,296

11,948

9,421

9,627

6,756

9,200

9,365

8,637

7,129

8,171

10,150

9,074

7,953

14,628

7,673

Basic (loss) earnings per common share (in dollars per share)

-0.05

0.45

0.37

0.37

0.25

0.44

0.61

0.48

0.39

0.20

0.35

0.44

0.42

0.49

0.37

1.05

0.33

0.40

0.38

0.51

0.30

0.38

0.38

0.39

0.34

0.40

0.32

0.32

0.22

0.31

0.31

0.28

0.23

0.27

0.33

0.29

0.26

0.48

0.25

Diluted (loss) earnings per common share (in dollars per share)

-0.05

0.45

0.37

0.37

0.25

0.44

0.61

0.48

0.39

0.20

0.35

0.44

0.42

0.49

0.37

1.05

0.33

0.40

0.38

0.51

0.30

0.37

0.38

0.39

0.34

0.40

0.32

0.32

0.22

0.31

0.31

0.28

0.23

0.27

0.33

0.29

0.26

0.48

0.25

Dividends per common share

0.21

-

0.21

0.21

0.21

-

0.20

0.20

0.20

-

0.18

0.18

0.18

-

0.17

0.17

0.17

-

0.16

0.16

0.16

-

0.15

0.15

0.15

-

0.13

0.13

0.13

-

0.13

0.13

0.13

-

0.13

0.13

0.13

0.13

0.13