Fncb bancorp, inc. (FNCB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Interest and fees on loans

37,818

36,381

29,821

27,993

26,568

26,629

27,097

29,588

34,467

44,380

51,338

Interest and dividends on securities:
U.S. government agencies

3,545

3,565

3,426

3,557

4,036

3,494

1,859

1,352

2,852

4,223

6,427

State and political subdivisions, tax free

149

133

49

46

109

1,883

3,347

4,001

-

-

-

State and political subdivisions, taxable

3,263

4,105

3,809

2,574

905

324

393

412

-

-

-

State and political subdivisions, tax-free

-

-

-

-

-

-

-

-

5,093

5,590

5,203

State and political subdivisions, tax-free

-

-

-

-

-

-

-

-

-

-

5,203

State and political subdivisions, taxable

-

-

-

-

-

-

-

-

112

58

-

Other securities

1,093

813

563

545

537

272

154

1,484

234

1,059

1,332

Total interest and dividends on securities

8,050

8,616

7,847

6,722

5,587

5,973

5,753

7,249

8,291

10,930

12,962

Interest on interest-bearing deposits in other banks

188

88

180

33

46

71

103

190

-

-

-

Interest on interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

178

161

-

Interest on interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

-

-

98

Total interest income

46,056

45,085

37,848

34,748

32,201

32,673

32,953

37,027

42,936

55,471

64,398

Interest expense
Interest-bearing demand

-

-

-

-

-

-

-

-

-

3,442

3,725

Savings

-

-

-

-

-

-

-

-

-

502

589

Time ($100,000 and over)

-

-

-

-

-

-

-

-

-

3,416

5,097

Other time

-

-

-

-

-

-

-

-

-

6,832

8,010

Interest on deposits

8,101

5,925

3,521

2,730

2,631

3,180

4,164

5,384

8,759

14,192

17,421

Interest on borrowed funds:
Junior subordinated debentures

430

400

300

247

206

236

204

224

206

210

277

Federal Home Loan Bank of Pittsburgh advances

1,241

2,025

599

595

514

450

527

1,322

2,621

5,208

6,979

Subordinated debentures

24

228

380

625

1,450

2,281

2,281

2,288

2,281

2,257

471

Total interest on borrowed funds

1,695

2,653

-

-

-

-

-

-

-

-

-

Total interest on borrowed funds

-

-

1,279

1,467

2,170

2,967

3,012

3,834

5,108

1

48

Total interest expense

9,796

8,578

4,800

4,197

4,801

6,147

7,176

-

-

21,868

25,196

Total interest expense

-

-

-

-

-

-

-

9,218

13,867

7,676

7,775

Net interest income before provision (credit) for loan and lease losses

36,260

36,507

33,048

30,551

27,400

26,526

25,777

27,809

29,069

33,603

39,202

Provision (credit) for loan and lease losses

797

2,550

769

1,153

-1,345

-5,869

-6,270

4,065

523

25,041

42,089

Net interest income after provision (credit) for loan and lease losses

35,463

33,957

32,279

29,398

28,745

32,395

32,047

23,744

28,546

8,562

-2,887

Non-interest income
Deposit service charges

3,035

2,885

2,903

-

-

-

-

-

-

-

-

Net gain on the sale of available-for-sale debt securities

1,227

-4

-

-

-

-

-

-

-

-

-

Net gain on the sale of available-for-sale debt securities

-

-

1,597

-

-

-

-

-

-

-

-

Net gain on equity securities

29

-27

-

-

-

-

-

-

-

-

-

Deposit service charges

-

-

-

2,892

2,960

2,975

2,945

2,985

3,105

3,274

3,503

Net gain on the sale of available-for-sale securities

-

-

-

960

2,296

6,640

2,887

-1,712

5,114

-1,714

890

Gross other-than-temporary-impairment (losses) gains

-

-

-

-

-

-

-

96

-751

805

35,684

Portion of gain recognized in OCI before taxes

-

-

-

-

-

-

-

0

1,549

3,466

-15,035

Other-than-temporary-impairment losses recognized in earnings

-

-

-

-

-

-

-

96

798

4,271

20,649

Net gain on the sale of mortgage loans held for sale

253

210

304

340

292

292

362

859

755

1,198

1,481

Net gain on the sale of SBA guaranteed loans

-

322

79

51

0

0

-

-

-

-

-

Net gain on the sale of other repossessed assets

-

-

47

0

0

-

-

-

-

-

-

Net loss on the sale of classified loans

-

-

-

-

-

-

223

-

-

-

-

Net loss on the sale of classified loans

-

-

-

-

-

-

-

0

0

-

-

Net loss on the sale of education loans

-

-

-

-

-

13

0

0

-

-

-

Net gain on the sale of other real estate owned

20

31

79

49

162

209

135

305

2,528

403

309

Gain on the sale of bank premises and equipment and other assets

-

-

-

-

-

-

579

0

20

-

-

Gain on branch divestitures

-

-

-

-

-

607

0

0

-

-

-

Net gain (loss) on the sale of other assets

-

-

-

-

-

-

-

-

-

-60

-

Loan-related fees

378

390

384

439

442

440

423

514

673

1,009

-

Loan related fees

-

-

-

-

-

-

-

-

-

-

1,035

Income from bank-owned life insurance

520

555

527

552

564

650

706

692

787

740

321

Insurance recovery

-

6,027

-

-

-

-

-

-

-

-

-

Loan referral fees

703

-

-

-

-

-

-

-

-

-

-

Legal settlements

-

-

-

-

-

2,127

288

-

-

-

-

Legal settlements

-

-

-

-

-

-

-

0

0

-

-

Other

1,455

1,401

1,305

920

1,084

993

1,181

736

765

703

1,109

Total non-interest income

7,620

11,790

7,225

6,203

7,800

14,920

9,283

4,283

12,949

1,282

-12,001

Non-interest expense
Salaries and employee benefits

15,518

14,780

14,161

14,320

13,810

13,111

13,218

14,702

14,117

13,077

12,155

Occupancy expense

1,948

2,191

2,105

1,777

2,284

2,088

2,215

2,225

2,508

3,228

2,218

Equipment expense

1,319

1,254

1,815

1,732

1,657

1,471

1,468

1,723

1,654

1,763

1,828

Advertising expense

738

699

623

554

483

470

523

614

629

712

713

Data processing expense

3,113

2,799

2,023

1,997

1,976

2,088

2,066

2,141

2,036

2,023

1,928

Regulatory assessments

306

861

686

729

950

1,801

2,515

2,721

3,159

-

-

FDIC assessment

-

-

-

-

-

-

-

-

-

2,828

2,506

Bank shares tax

566

636

800

836

705

522

800

882

1,103

1,020

898

Expense of other real estate owned

-

-

488

409

400

2,569

719

2,027

3,720

7,521

1,250

(Credit) provision for off-balance sheet commitments

-

-

-

-

-

-

-

358

-423

-678

604

Legal expense

-

-

-

362

437

1,799

2,488

4,233

2,716

1,075

591

Professional fees

1,056

1,028

956

961

1,014

1,567

1,674

4,385

5,413

2,066

388

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

8,134

Insurance expense

-

-

519

516

659

951

1,179

896

685

362

301

Loan collection expenses

-

-

-

-

-

-

482

765

780

647

236

Legal settlements

-

-

-

0

777

0

2,500

446

-

-

-

Other losses

-156

-598

-503

-277

-281

-2,279

-123

-170

-

-

-

Other operating expenses

4,962

4,481

3,390

3,075

3,031

2,853

2,978

3,450

3,733

5,920

4,272

Total non-interest expense

29,682

29,327

28,069

27,545

28,464

33,569

34,948

41,738

41,830

41,564

38,022

Income before income tax expense

13,401

16,420

11,435

8,056

8,081

13,746

6,382

-13,711

-335

-31,720

-52,910

Income tax expense

2,326

3,071

11,288

1,747

-27,759

326

0

0

0

0

-8,594

Net income

11,075

13,349

147

-

-

-

-

-

-

-

-

Net income

-

-

-

6,309

35,840

13,420

6,382

-13,711

-335

-31,720

-44,316

Earnings per share
Basic (in dollars per share)

0.56

0.79

0.01

0.38

2.17

0.81

0.39

-0.83

-0.02

-1.94

-2.74

Diluted (in dollars per share)

0.56

0.79

0.01

0.38

2.17

0.81

0.39

-0.83

-0.02

-1.94

-2.74

Cash dividends declared per common share (in dollars per share)

0.20

0.17

0.13

0.09

0.00

0.00

0.00

0.00

0.00

0.00

0.17

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
Basic (in shares)

19,802

16,799

16,722

16,571

16,499

16,472

16,458

16,442

16,439

16,354

16,169

Diluted (in shares)

19,807

16,820

16,740

16,572

16,499

16,472

16,458

16,442

16,439

16,354

16,169