Fncb bancorp, inc. (FNCB)
Income statement / TTM
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 income
Interest and fees on loans

37,550

37,818

37,874

37,887

37,500

36,381

34,894

32,969

31,129

29,821

28,641

28,163

28,004

27,993

28,027

27,622

27,065

26,568

26,311

26,470

26,607

26,629

26,897

26,878

26,984

27,097

27,280

27,595

28,406

29,588

30,537

31,749

33,163

34,467

37,226

40,352

0

0

0

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

3,402

3,545

3,613

3,588

3,568

3,565

3,535

3,452

3,416

3,426

3,445

3,477

3,527

3,557

3,670

3,883

3,995

4,036

4,042

3,874

3,722

3,494

3,024

2,560

2,179

1,859

1,689

1,549

1,395

1,352

1,354

1,808

2,310

2,852

3,774

4,336

0

0

0

State and political subdivisions, tax free

169

149

150

150

150

133

102

72

46

49

58

60

59

46

48

58

69

109

295

685

1,223

1,883

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

State and political subdivisions, tax-free

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

State and political subdivisions, taxable

3,007

3,263

3,571

3,886

4,102

4,105

4,072

4,060

4,011

3,809

3,556

3,215

2,861

2,574

2,292

1,941

1,414

905

500

252

252

324

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

State and political subdivisions, tax-free

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,209

4,630

0

-

0

0

-

0

0

State and political subdivisions, tax-free

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

State and political subdivisions, taxable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

378

274

0

-

0

0

-

0

0

Other securities

1,300

1,093

896

793

823

813

799

754

634

563

638

599

573

545

523

488

476

537

397

379

373

272

240

217

175

154

367

719

1,110

1,484

1,297

966

599

234

184

275

0

0

0

Total interest and dividends on securities

7,878

8,050

8,230

8,417

8,643

8,616

8,508

8,338

8,107

7,847

7,697

7,351

7,020

6,722

6,533

6,370

5,954

5,587

5,234

5,190

5,570

5,973

6,067

5,954

5,796

5,753

6,043

6,498

6,914

7,249

7,053

7,348

7,801

8,291

9,470

10,253

0

0

0

Interest on interest-bearing deposits in other banks

163

188

191

178

111

88

86

93

113

180

165

149

119

33

18

20

29

46

69

67

69

71

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

177

0

0

-

0

-

-

-

-

Interest on interest-bearing deposits and federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Total interest income

45,591

46,056

46,295

46,482

46,254

45,085

43,488

41,400

39,349

37,848

36,503

35,663

35,143

34,748

34,578

34,012

33,048

32,201

31,614

31,727

32,246

32,673

33,041

32,918

32,867

32,953

33,440

34,236

35,493

37,027

37,815

39,313

41,172

42,936

46,836

50,742

0

0

0

Interest expense
Interest-bearing demand

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,208

2,839

0

0

0

Savings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

374

442

0

0

0

Time ($100,000 and over)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,575

3,081

0

0

0

Other time

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

5,299

5,840

0

0

0

Interest on deposits

7,523

8,101

8,448

8,106

7,096

5,925

4,768

4,152

3,844

3,521

3,234

2,995

2,832

2,730

2,637

2,610

2,590

2,631

2,748

2,822

2,998

3,180

3,374

3,660

3,911

4,164

4,431

4,663

4,970

5,384

5,914

6,565

7,645

8,759

10,456

12,202

0

0

0

Interest on borrowed funds:
Federal Home Loan Bank of Pittsburgh advances

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Junior subordinated debentures

404

430

439

439

427

400

373

344

318

300

286

271

259

247

236

224

214

206

237

237

236

236

200

201

202

204

206

211

217

224

224

219

213

206

210

210

0

0

0

Federal Home Loan Bank of Pittsburgh advances

-

-

1,239

1,506

-

2,025

1,949

1,397

820

599

547

541

578

595

619

590

542

514

483

480

474

450

458

482

497

527

664

822

1,034

1,322

1,503

1,709

2,166

2,621

3,477

4,311

0

0

0

Subordinated debentures

-

24

81

139

196

228

228

267

324

380

468

533

578

625

640

640

1,046

1,450

1,865

2,278

2,281

2,281

2,281

2,281

2,282

2,281

2,282

2,281

2,281

2,288

2,287

2,288

2,288

2,281

2,281

2,275

0

0

0

Total interest on borrowed funds

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest on borrowed funds

-

-

-

2,084

-

-

-

2,008

1,462

1,279

1,301

1,345

1,415

1,467

1,495

1,454

1,802

2,170

2,585

2,995

2,991

2,967

2,939

2,964

2,981

3,012

0

0

0

-

-

-

-

-

-

-

-

0

-

Total interest expense

9,100

9,796

10,207

10,190

9,679

8,578

7,318

6,160

5,306

4,800

4,535

4,340

4,247

4,197

4,132

4,064

4,392

4,801

5,311

5,844

0

-

0

0

-

-

-

-

0

-

0

0

0

-

16,425

18,999

0

0

0

Total interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

9,218

12,773

12,975

13,426

13,867

5,969

6,797

0

0

0

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

36,491

36,260

36,088

36,292

36,575

36,507

36,170

35,240

34,043

33,048

31,968

31,323

30,896

30,551

30,446

29,948

28,656

27,400

26,281

25,910

26,257

26,526

26,728

26,294

25,975

25,777

25,857

26,259

26,991

27,809

27,887

28,532

28,860

29,069

30,411

31,743

0

0

0

Provision (credit) for loan and lease losses

2,102

797

631

1,143

1,676

2,550

3,032

2,426

1,967

769

781

4

-21

1,153

-147

-104

-155

-1,345

-580

-443

-4,793

-5,869

-9,514

-10,619

-6,616

-6,270

-1,696

3,255

2,977

4,065

1,852

-2,402

-1,357

523

9,358

14,394

0

0

0

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

34,389

35,463

35,457

35,149

34,899

33,957

33,138

32,814

32,076

32,279

31,187

31,319

30,917

29,398

30,593

30,052

28,811

28,745

26,861

26,353

31,050

32,395

36,242

36,913

32,591

32,047

27,553

23,004

24,014

23,744

26,035

30,934

30,217

28,546

21,053

17,349

0

0

0

Non-interest income
Deposit service charges

3,175

3,035

2,928

2,842

2,868

2,885

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,216

1,227

698

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

1,597

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on equity securities

31

29

38

25

4

-27

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit service charges

-

-

-

-

-

-

-

-

-

-

-

-

-

2,892

2,899

2,959

2,987

2,960

2,976

2,958

2,959

2,975

3,003

2,980

2,957

2,945

2,911

2,893

2,926

2,985

3,025

3,088

3,115

3,105

3,203

3,235

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

960

954

958

175

2,296

2,936

5,890

7,296

6,640

6,335

4,194

3,613

2,887

750

21

-878

-1,712

1,022

3,236

0

-

0

0

-

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

-3,268

-1,562

-1,200

-751

159

3,736

0

0

0

Portion of gain recognized in OCI before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,813

2,107

1,998

1,549

1,393

372

0

0

0

Other-than-temporary-impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

0

0

Net gain on the sale of mortgage loans held for sale

293

253

237

239

217

210

234

269

328

304

343

336

297

340

461

375

320

292

138

182

257

292

344

368

327

362

361

529

726

859

1,054

947

823

755

880

893

0

0

0

Net gain on the sale of SBA guaranteed loans

-

-

-

-

-

322

322

345

330

79

0

0

0

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on the sale of other repossessed assets

-

-

-

-

-

-

-

-

-

47

47

47

57

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on the sale of classified loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Net loss on the sale of education loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

13

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

Net gain on the sale of other real estate owned

-

-

0

0

-

31

53

53

66

79

77

109

105

49

46

143

152

162

251

157

185

209

144

114

151

135

139

240

309

305

252

115

-7

2,528

2,580

2,659

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

579

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on branch divestitures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

607

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain (loss) on the sale of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-68

-40

0

0

0

Loan-related fees

355

378

376

381

385

390

377

388

377

384

404

393

423

439

439

448

459

442

438

445

437

440

431

417

408

423

434

462

498

514

555

562

619

673

0

0

0

-

-

Income from bank-owned life insurance

518

520

536

543

552

555

541

529

526

527

525

533

541

552

575

583

575

564

569

589

618

650

671

682

701

706

699

694

679

692

716

745

776

787

793

779

0

0

0

Merchant services revenue

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant services revenue

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Other

1,471

1,455

1,357

1,328

1,395

1,401

1,595

1,567

1,343

1,305

902

982

951

920

1,021

979

1,044

1,084

914

1,064

1,007

993

692

838

882

1,181

1,491

1,190

1,128

736

784

772

748

765

925

1,141

0

0

0

Total non-interest income

7,799

7,620

12,346

11,835

11,786

11,790

6,286

6,680

7,174

7,225

6,705

6,371

6,442

6,203

6,262

6,261

5,712

7,800

8,406

11,469

14,886

14,920

14,985

12,958

10,277

9,283

6,785

6,029

5,292

4,283

7,823

8,504

10,417

12,949

7,602

4,331

0

0

0

Non-interest expense
Salaries and employee benefits

15,548

15,518

15,682

15,352

15,013

14,780

14,824

14,490

14,303

14,161

14,023

14,039

14,330

14,320

14,594

14,571

14,185

13,810

12,884

12,960

12,850

13,111

13,241

13,148

13,298

13,218

13,496

14,006

14,384

14,702

14,691

14,521

14,359

14,117

13,793

13,459

0

0

0

Occupancy expense

1,952

1,948

2,016

2,056

2,138

2,191

2,167

2,061

2,121

2,105

2,043

2,128

1,871

1,777

1,920

1,941

2,144

2,284

2,199

2,137

2,077

2,088

2,106

2,197

2,275

2,215

2,205

2,262

2,211

2,225

1,928

2,107

2,429

2,508

2,845

2,597

0

0

0

Equipment expense

1,383

1,319

1,286

1,253

1,247

1,254

1,371

1,546

1,669

1,815

1,835

1,790

1,769

1,732

1,700

1,679

1,696

1,657

1,637

1,584

1,499

1,471

1,411

1,425

1,448

1,468

1,538

1,613

1,679

1,723

1,734

1,726

1,689

1,654

1,653

1,671

0

0

0

Advertising expense

748

738

759

724

783

699

718

644

622

623

556

594

575

554

570

499

486

483

444

494

0

-

0

0

-

523

626

582

543

614

534

574

616

629

614

686

0

0

0

Data processing expense

3,057

3,113

3,071

3,074

2,932

2,799

2,561

2,322

2,184

2,023

1,977

1,976

1,961

1,997

2,078

2,044

2,051

1,976

1,952

1,989

2,014

2,088

2,055

2,046

2,024

2,066

2,121

2,139

2,231

2,141

2,085

2,087

2,009

2,036

2,073

2,122

0

0

0

Regulatory assessments

197

306

478

708

828

861

837

746

714

686

597

636

665

729

868

872

778

950

1,123

1,186

1,537

1,801

2,041

2,378

2,538

2,515

0

0

0

-

-

-

-

-

-

-

-

-

-

FDIC assessment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,079

2,867

0

0

0

Bank shares tax

588

566

629

702

647

636

805

779

809

800

852

853

853

836

799

763

729

705

802

606

563

522

449

669

735

800

995

813

847

882

886

1,102

1,103

1,103

1,082

1,062

0

0

0

Expense of other real estate owned

0

-

193

222

0

-

247

260

493

488

506

497

403

409

397

393

346

400

412

835

2,506

2,569

2,446

2,250

664

719

1,342

2,073

2,067

2,027

3,152

3,436

3,331

3,720

4,206

4,043

0

0

0

(Credit) provision for off-balance sheet commitments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

-5

302

358

163

-45

-254

-423

-452

-415

0

0

0

Legal expense

-

-

-

-

-

-

-

-

-

-

-

-

-

362

391

392

394

437

702

890

1,315

1,799

2,078

2,467

2,520

2,488

3,279

3,952

4,124

4,233

3,270

2,777

3,142

2,716

2,530

1,826

0

0

0

Professional fees

912

1,056

1,019

1,071

1,064

1,028

1,027

992

976

956

907

858

950

961

950

986

1,000

1,014

1,107

1,220

1,418

1,567

1,686

1,731

1,573

1,674

1,861

2,741

3,418

4,385

4,852

4,489

4,692

5,413

4,681

4,019

0

0

0

Insurance expense

0

-

491

493

0

-

532

534

529

519

517

516

513

516

515

512

589

659

722

790

867

951

1,038

1,121

1,138

1,179

1,117

1,048

987

896

905

955

818

685

696

511

0

0

0

Directors fees

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan collection expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

482

522

647

763

765

0

0

0

-

-

-

-

-

-

Other losses

-

-

-469

-481

-

-598

-324

-345

-406

-503

-377

-395

-355

-277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

4,920

4,962

4,354

4,321

4,314

4,481

3,692

3,680

3,547

3,390

3,161

3,146

3,182

3,075

2,895

2,954

2,970

3,031

2,328

3,016

2,875

2,853

3,457

2,818

2,976

2,978

2,770

2,896

3,178

3,450

3,672

3,708

3,695

3,733

4,455

4,593

0

0

0

Total non-interest expense

29,462

29,682

29,817

29,676

29,520

29,327

29,190

28,399

28,373

28,069

27,428

27,584

27,669

27,545

28,969

28,831

28,486

28,464

28,707

30,075

32,360

33,569

35,406

35,687

34,634

34,948

35,058

38,161

40,121

41,738

42,075

41,568

41,608

41,830

41,255

39,041

0

0

0

Income before income tax expense

12,726

13,401

17,986

17,308

17,165

16,420

10,234

11,095

10,877

11,435

10,464

10,106

9,690

8,056

7,886

7,482

6,037

8,081

6,560

7,747

13,576

13,746

15,821

14,184

8,234

6,382

-720

-9,128

-10,815

-13,711

-8,217

-2,130

-974

-335

-12,600

-17,361

0

0

0

Income tax expense

2,223

2,326

3,331

3,206

3,200

3,071

10,067

10,506

10,908

11,288

2,679

2,576

2,327

1,747

-26,108

-26,832

-27,471

-27,759

-40

126

194

326

326

160

70

0

0

0

0

-

0

0

-

-

0

-

0

0

0

Net income

10,503

11,075

14,655

14,102

13,965

13,349

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

7,363

6,309

33,994

34,314

33,508

35,840

6,600

7,621

13,382

13,420

15,495

14,024

8,164

6,382

-720

-9,128

-10,815

-13,711

-8,217

-2,130

-974

-335

-12,600

-17,361

0

0

0

Earnings per share
Basic (in dollars per share)

0.10

0.17

0.12

0.13

0.14

0.42

0.11

0.14

0.12

-0.37

0.14

0.11

0.13

0.09

0.12

0.10

0.07

1.77

0.14

0.05

0.21

0.00

0.20

0.40

0.21

0.13

0.11

0.04

0.11

-0.30

-0.40

-0.06

-0.07

0.03

-0.03

0.01

-0.03

-0.72

-0.32

Diluted (in dollars per share)

0.10

0.17

0.12

0.13

0.14

0.42

0.11

0.14

0.12

-0.37

0.14

0.11

0.13

0.09

0.12

0.10

0.07

1.77

0.14

0.05

0.21

0.00

0.20

0.40

0.21

0.13

0.11

0.04

0.11

-0.30

-0.40

-0.06

-0.07

0.03

-0.03

0.01

-0.03

-0.72

-0.32

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

0.05

0.05

0.05

0.05

0.05

0.05

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.02

0.02

0.02

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

-

0.00

0.00

-

-

0.00

-

0.00

0.00

0.00

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

20,172

20,190

20,168

20,129

18,720

16,821

16,818

16,792

16,763

16,759

16,757

16,716

16,657

16,622

16,593

16,549

16,519

16,506

16,500

16,500

16,490

16,475

16,471

16,471

16,471

16,461

16,457

16,457

16,457

16,442

16,442

16,442

16,442

16,441

16,441

16,440

16,434

16,383

16,306

Diluted (in shares)

20,176

20,190

20,172

20,133

18,733

16,835

16,838

16,819

16,789

16,775

16,777

16,736

16,670

16,622

16,593

16,553

16,520

16,506

16,500

16,500

16,490

16,475

16,471

16,471

16,472

16,461

16,457

16,457

16,457

16,442

16,442

16,442

16,442

16,441

16,441

16,440

16,434

16,383

16,306