Flushing Financial Corporation FFIC Income Statement

Flushing financial corporation (FFIC)

Income statement / TTM

Mar'20	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 and dividend income
Interest and fees on loans
250,523	251,744	248,150	244,983	240,032	232,719	225,446	219,106	213,415	209,283	205,807	201,670	198,452	195,125	191,011	187,073	182,744	178,720	175,911	173,336	171,741	170,327	170,245	170,117	170,489	171,309	172,287	174,604	177,866	181,486	184,416	187,326	189,324	191,454	194,676	195,902	0	0	0
Interest and dividends on securities:
Interest
23,882	25,535	26,383	25,658	24,463	23,022	22,758	23,046	23,862	24,489	24,243	24,566	24,644	25,141	25,736	26,071	25,549	24,827	24,284	24,085	24,964	25,969	27,098	27,924	28,231	28,310	28,773	29,758	30,629	31,306	31,336	31,541	31,645	32,121	32,536	31,945	0	0	0
Dividends
69	73	74	74	72	67	62	74	180	287	395	486	483	481	478	476	474	473	534	605	682	753	828	801	842	828	826	854	823	855	808	819	816	811	813	814	0	0	0
Other interest income
1,339	1,604	1,603	1,592	1,458	1,190	996	869	660	526	462	390	309	250	221	215	199	126	120	87	73	79	80	83	89	79	68	80	67	67	76	86	102	112	100	74	0	0	0
Total interest and dividend income
275,813	278,956	276,210	272,307	266,025	256,998	249,262	243,095	238,117	234,585	230,907	227,112	223,888	220,997	217,446	213,835	208,966	204,146	200,849	198,113	197,460	197,128	198,251	198,925	199,651	200,526	201,954	205,296	209,385	213,714	216,636	219,772	221,887	224,498	228,125	228,735	0	0	0
Interest expense
Deposits
85,366	88,057	86,714	81,895	73,856	64,497	55,497	48,727	43,449	40,319	37,905	35,770	34,357	33,350	32,330	31,511	30,851	30,336	29,916	29,551	29,784	30,044	30,601	31,041	31,464	32,037	33,310	35,631	37,763	40,382	42,709	44,878	47,007	48,431	50,269	51,812	0	0	0
Other interest expense
29,484	28,959	28,099	26,443	25,569	25,095	23,935	23,018	22,341	21,159	20,604	20,272	20,189	20,561	20,965	20,576	20,116	19,390	13,628	18,610	19,035	19,510	25,141	20,347	20,183	22,826	22,993	23,416	24,382	22,893	23,988	25,437	26,915	28,292	30,944	33,672	0	0	0
Total interest expense
114,850	117,016	114,813	108,338	99,425	89,592	79,432	71,745	65,790	61,478	58,509	56,042	54,546	53,911	53,295	52,087	50,967	49,726	43,544	48,161	48,819	49,554	55,742	51,388	51,647	54,863	56,303	59,047	62,145	63,275	66,697	70,315	73,922	76,723	81,213	85,484	0	0	0
Net interest income
160,963	161,940	161,397	163,969	166,600	167,406	169,830	171,350	172,327	173,107	172,398	171,070	169,342	167,086	164,151	161,748	157,999	154,420	157,305	149,952	148,641	147,574	142,509	147,537	148,004	145,663	145,651	146,249	147,240	150,439	149,939	149,457	147,965	147,775	146,912	143,251	0	0	0
Provision for credit losses
9,017	2,811	3,551	2,868	1,394	575	6,748	10,014	10,014	9,861	3,266	0	0	-	664	294	-222	-956	-4,812	-5,060	-5,636	-6,021	-1,829	2,224	6,816	13,935	17,935	19,500	21,000	21,000	22,500	22,500	22,500	21,500	20,000	20,000	0	0	0
Net interest income after provision for credit losses
151,946	159,129	157,846	161,101	165,206	166,831	163,082	161,336	162,313	163,246	169,132	171,070	169,342	167,086	163,487	161,454	158,221	155,376	162,117	155,012	154,277	153,595	144,338	145,313	141,188	131,728	127,716	126,749	126,240	129,439	127,439	126,957	125,465	126,275	126,912	123,251	0	0	0
Non-interest income
Banking services fee income
3,548	3,723	3,944	4,114	4,055	4,030	4,348	4,216	4,230	4,156	3,756	3,697	3,656	3,758	4,020	3,972	3,897	3,805	3,630	3,600	3,569	3,394	3,399	2,995	3,356	3,687	5,344	5,411	4,592	4,007	3,636	3,655	3,634	3,640	1,716	1,717	0	0	0
Net loss on sale of securities
-52	-15	-15	-15	0	-	0	0	-	-	0	-	-	-	0	0	-	-	0	0	-	-	0	-	-	3,021	3,068	0	0	-	0	-	-	-	-	-	-	0	0
Other-than-temporary impairment ("OTTI") charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	9,365	12,074	9,967	0	0	0
Other Comprehensive Income, before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-
Net OTTI charge recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	1,578	2,128	2,464	0	0	0
Less: Non-credit portion of OTTI charge recorded in Other Comprehensive Income, before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	0	0	0
Loan fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,920	1,865	0	0	0
Net gain on sale of loans
849	870	381	187	494	168	375	517	130	603	396	484	453	584	651	717	761	422	0	0	0	-	-	-	-	284	196	234	0	-	0	0	-	-	0	-	-	0	0
Net gain on sale of assets
-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from fair value adjustments
-9,266	-5,353	-9,745	-7,791	-6,102	-4,122	-1,168	-2,295	-3,187	-3,465	-3,343	-2,869	-2,825	-3,434	-3,845	-4,116	-2,233	-1,841	-1,969	-1,349	-2,519	-2,568	-3,420	-3,136	-3,042	-2,521	-381	634	380	55	510	1,770	2,167	1,960	1,245	-871	0	0	0
Federal Home Loan Bank of New York stock dividends
3,650	3,589	3,509	3,548	3,603	3,576	3,505	3,372	3,134	3,081	3,000	2,925	2,864	2,664	2,384	2,199	2,074	1,969	1,909	1,892	1,865	1,898	1,893	1,829	1,800	1,663	1,608	1,599	1,536	1,507	1,435	1,383	1,387	1,502	1,624	1,739	0	0	0
Life insurance proceeds
419	462	43	2,265	2,265	2,998	2,998	1,014	1,020	1,405	1,407	1,216	1,210	460	458	411	411	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
3,737	3,534	3,329	3,111	3,077	3,099	3,129	3,163	3,194	3,227	3,119	3,010	2,897	2,797	2,819	2,837	2,858	2,880	2,914	2,951	2,991	3,050	3,137	3,228	3,314	3,363	3,221	3,071	2,919	2,790	2,790	2,792	2,798	2,769	2,769	2,757	0	0	0
Other income
2,009	1,891	2,010	1,953	1,467	1,367	1,200	1,292	1,538	1,541	1,210	1,088	888	1,165	1,591	1,799	1,857	1,780	1,729	1,738	1,613	1,527	1,577	1,527	1,561	1,586	1,518	1,465	1,432	1,413	1,335	1,388	1,411	1,477	1,578	1,856	0	0	0
Total non-interest (loss) income
5,664	9,471	3,447	7,363	8,080	10,337	14,387	11,093	9,873	10,362	22,724	22,916	58,685	57,536	44,255	44,099	16,329	15,719	12,998	18,424	10,463	10,243	11,883	5,705	5,918	9,556	11,058	13,626	12,535	9,065	9,479	10,261	11,288	10,281	9,250	6,673	0	0	0
Non-interest expense
Salaries and employee benefits
67,219	67,765	65,389	65,648	65,271	64,560	63,715	63,305	63,438	62,087	63,639	63,124	61,668	60,825	57,646	55,499	54,688	53,093	52,783	52,299	51,086	48,998	47,173	45,725	44,742	44,397	44,190	44,199	43,695	42,503	41,061	40,051	39,276	38,262	38,178	37,039	0	0	0
Occupancy and equipment
11,379	11,328	10,929	10,557	10,291	10,079	10,285	10,312	10,490	10,409	10,202	10,276	9,974	9,848	9,713	9,580	9,863	10,206	9,828	9,392	8,676	7,998	7,930	7,884	7,821	7,646	7,617	7,675	7,737	7,807	7,958	7,910	7,866	7,803	7,562	7,307	0	0	0
Professional services
8,955	8,358	8,059	7,807	8,440	8,360	8,361	8,209	7,689	7,500	7,491	7,458	7,566	7,720	7,945	8,122	7,445	7,074	6,680	6,374	6,551	5,982	5,168	4,814	4,802	5,210	5,667	5,966	6,004	6,108	6,585	6,736	6,820	6,697	6,468	6,531	0	0	0
FDIC deposit insurance
1,034	869	1,035	2,220	2,100	2,115	2,130	2,033	1,989	1,815	1,941	1,978	2,415	2,993	3,239	3,520	3,391	3,236	2,943	2,897	2,759	2,707	2,912	2,799	2,912	3,206	3,453	3,859	4,160	4,186	4,137	4,103	3,967	4,378	4,609	4,828	0	0	0
Data processing
6,080	5,878	5,811	5,748	5,754	5,663	5,619	5,541	5,436	5,238	5,008	4,598	4,476	4,364	4,275	4,514	4,487	4,471	4,488	4,331	4,201	4,194	4,185	4,206	4,263	4,238	4,242	4,216	4,168	4,101	4,176	4,299	4,429	4,458	4,431	4,382	0	0	0
Depreciation and amortization
5,948	5,930	5,918	5,963	5,921	5,792	5,667	5,356	5,056	4,832	4,680	4,676	4,583	4,450	4,314	4,138	3,943	3,579	3,219	2,916	2,766	2,813	2,837	2,884	2,901	2,953	3,016	3,089	3,140	3,207	3,277	3,259	3,253	3,185	3,029	2,960	0	0	0
Other real estate owned/foreclosure expense (benefit)
37	-204	-17	133	113	94	-62	-285	-149	-404	-1,158	-1,310	-1,811	-1,307	-2,184	-1,801	-1,309	-942	1,148	1,410	1,602	1,338	1,670	1,715	1,880	2,292	2,299	2,769	2,920	2,964	3,027	2,910	2,846	2,471	2,027	0	0	0	-
Prepayment penalty on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from other real estate owned
0	-	0	27	0	-	0	0	-	50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
14,621	14,937	14,224	14,760	15,171	15,235	15,990	15,521	14,957	15,239	12,932	13,942	15,176	14,739	16,782	16,135	15,885	15,118	14,491	13,690	12,044	11,809	11,173	10,634	10,929	10,634	11,006	11,410	11,385	11,450	11,666	11,366	10,803	10,485	9,722	9,842	0	0	0
Total non-interest expense
115,230	115,269	111,382	112,570	112,808	111,683	111,802	110,535	109,204	107,474	116,970	117,281	119,670	118,603	107,052	104,483	100,277	97,719	100,767	98,496	94,872	91,026	83,048	80,661	80,250	80,576	81,490	83,183	83,209	82,326	81,887	80,634	79,260	77,739	76,026	74,146	0	0	0
(Loss) Income before income taxes
42,380	53,331	49,911	55,894	60,478	65,485	65,667	61,894	62,982	66,134	74,886	76,705	108,357	106,019	100,690	101,070	74,273	73,376	74,348	74,940	69,868	72,812	73,173	70,357	66,856	60,708	57,284	57,192	55,566	56,178	55,031	56,584	57,493	58,817	60,136	55,778	0	0	0
Provision (Benefit) for income taxes
Federal
9,485	10,439	7,730	7,580	7,910	8,574	16,064	18,437	20,702	22,844	23,067	23,955	33,582	33,580	30,579	30,386	22,338	21,843	22,183	22,048	20,406	20,912	20,138	19,491	18,641	17,344	17,054	17,004	16,577	16,740	16,577	17,133	17,461	17,749	21,064	19,716	0	0	0
State and local
74	1,613	1,411	935	1,822	1,821	978	1,986	2,007	2,169	2,369	2,845	7,160	7,523	7,847	8,046	4,898	5,324	6,533	7,067	6,786	7,661	7,905	7,516	6,923	5,612	5,226	5,240	5,031	5,107	5,152	5,364	5,508	5,720	-2,733	-3,266	0	0	0
Total taxes
9,559	12,052	9,141	8,515	9,732	10,395	17,042	20,423	22,709	25,013	25,436	26,800	40,742	41,103	38,426	38,432	27,236	27,167	28,716	29,115	27,192	28,573	28,043	27,007	25,564	22,956	22,280	22,244	21,608	21,847	21,729	22,497	22,969	23,469	18,331	16,450	0	0	0
Net income (Loss)
32,821	41,279	40,770	47,379	50,746	55,090	48,625	41,471	40,273	41,121	49,450	49,905	67,615	64,916	62,264	62,638	47,037	46,209	45,632	45,825	42,676	44,239	45,130	43,350	41,292	37,752	35,004	34,948	33,958	34,331	33,302	34,087	34,524	35,348	41,805	39,328	0	0	0
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