FIRST GUARANTY BANCSHARES, INC. FGBI Income Statement

First guaranty bancshares, inc. (FGBI)

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:
Loans (including fees)
78,886	64,836	54,034	45,495	42,536	39,787	37,289	36,136	34,839	36,288	35,677
Loans held for sale
-	-	-	-	-	-	-	8	10	5	7
Deposits with other banks
2,956	612	178	69	72	115	157	92	50	41	388
Securities (including FHLB stock)
9,800	12,941	13,325	12,968	13,471	13,395	13,439	18,949	19,691	15,043	11,085
Federal funds sold
1	1	9	0	0	-	1	10	19	13	34
Total Interest Income
91,643	78,390	67,546	58,532	56,079	53,297	50,886	55,195	54,609	51,390	47,191
Interest Expense:
Demand deposits
10,447	8,531	5,526	2,633	1,419	1,312	1,262	1,383	920	846	1,179
Savings deposits
527	407	201	80	38	33	41	55	50	42	98
Time deposits
17,141	10,690	7,112	5,954	6,985	7,716	9,682	11,560	13,962	12,218	13,310
Borrowings
1,851	1,738	1,554	1,473	166	141	149	122	186	117	257
Total Interest Expense
29,966	21,366	14,393	10,140	8,608	9,202	11,134	13,120	15,118	13,223	14,844
Net Interest Income
61,677	57,024	53,153	48,392	47,471	44,095	39,752	42,075	39,491	38,167	32,347
Less: Provision for loan losses
4,860	1,354	3,822	3,705	3,864	1,962	2,520	4,134	10,187	5,654	4,155
Net Interest Income after Provision for Loan Losses
56,817	55,670	49,331	44,687	43,607	42,133	37,232	37,941	29,304	32,513	28,192
Noninterest Income:
Service charges, commissions and fees
2,808	2,988	2,589	2,388	-	-	-	-	-	-	-
ATM and debit card fees
2,254	2,122	1,986	1,859	-	-	-	-	-	-	-
Service charges, commissions and fees
-	-	-	-	2,736	2,767	3,006	3,201	4,596	4,133	4,146
ATM and debit card fees
-	-	-	-	1,779	1,671	1,634	1,569	-	-	-
Net gains (losses) on securities
-157	-1,830	1,397	3,799	3,300	295	1,571	4,868	3,531	2,824	2,056
Loss on securities impairment
-	-	-	-	-	-	-	-	97	0	829
Net gains on sale of loans
1,376	278	311	14	4	-12	-70	-68	114	283	422
Gain on sale of assets
-	-	-	-	-	-	-	-109	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	1	962	-10
Gain on acquisition
-	-	-	-	-	-	-	-	1,665	0	0
Other
2,018	1,722	2,057	1,395	1,137	1,456	1,337	1,679	1,463	1,363	1,351
Total Noninterest Income
8,299	5,280	8,340	9,455	8,956	6,177	7,478	11,140	11,273	9,565	7,136
Noninterest Expense:
Salaries and employee benefits
25,019	22,888	20,113	16,577	15,496	15,840	14,368	13,668	12,529	11,769	10,752
Occupancy and equipment expense
6,096	5,601	4,505	4,242	3,845	3,928	3,949	3,713	3,473	3,191	2,891
Other
16,104	14,786	13,903	12,066	11,754	11,826	12,670	13,780	12,819	11,867	10,364
Total Noninterest Expense
47,219	43,275	38,521	32,885	31,095	31,594	30,987	31,161	28,821	26,827	24,007
Income Before Income Taxes
17,897	17,675	19,150	21,257	21,468	16,716	13,723	17,920	11,756	15,251	11,321
Less: Provision for income taxes
3,656	3,462	7,399	7,164	6,963	5,492	4,577	5,861	3,723	5,226	3,726
Net Income
14,241	14,213	11,751	14,093	14,505	11,224	9,146	12,059	8,033	10,025	7,595
Preferred stock dividends
-	-	-	-	384	394	713	1,972	1,976	1,333	594
Income Available to Common Shareholders
-	-	-	-	14,121	10,830	8,433	10,087	6,057	8,692	7,001
Per Common Share:
Earnings (in dollars per share)
1.47	1.47	1.21	1.68	1.83	1.57	1.22	1.60	0.98	1.42	1.14
Cash dividends paid (in dollars per share)
0.60	0.58	0.54	0.58	0.54	0.58	0.58	0.64	0.58	0.58	0.58
Weighted Average Common Shares Outstanding (in shares)
9,695	9,687	9,687	8,369	7,714	6,920	6,920	6,292	6,205	6,115	6,115