Republic first bancorp inc (FRBK)
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 taxable loans

75,051

72,808

70,180

66,964

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and fees on tax-exempt loans

1,819

1,689

1,660

1,626

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and fees on taxable loans

-

-

-

-

-

-

-

-

51,959

-

46,295

44,024

42,051

40,827

39,889

38,961

38,007

37,241

36,760

36,156

35,240

34,530

33,479

32,625

32,390

31,986

31,949

32,020

32,143

32,326

32,362

32,639

32,831

32,954

33,623

33,890

0

0

0

Interest and fees on tax-exempt loans

-

-

-

-

-

-

-

-

1,205

-

1,049

1,038

1,004

960

858

727

628

540

471

427

383

339

335

335

340

349

333

310

286

265

272

287

303

301

0

0

0

-

0

Interest and dividends on taxable investment securities

27,015

27,459

28,097

27,956

27,573

26,677

25,016

23,158

21,259

19,643

17,622

15,560

13,403

11,264

10,201

9,119

7,904

6,792

5,760

5,511

5,294

5,053

4,937

4,774

4,629

4,435

4,302

4,451

4,677

4,899

4,990

4,836

4,689

4,416

4,600

4,943

0

0

0

Interest and dividends on tax-exempt investment securities

219

337

447

505

534

505

455

424

450

535

624

698

723

703

695

675

634

585

522

465

410

364

331

291

256

250

296

358

427

470

467

463

460

457

452

446

0

0

0

Interest on federal funds sold and other interest-earning assets

2,524

2,571

2,090

1,466

1,011

847

653

681

688

577

486

454

471

473

354

265

264

278

303

288

252

187

149

144

138

185

204

218

258

300

302

282

232

145

86

68

0

0

0

Total interest income

106,628

104,864

103,265

100,615

96,694

92,074

86,190

80,554

75,561

70,849

66,076

61,774

57,652

54,227

51,997

49,747

47,437

45,436

43,816

42,847

41,579

40,473

39,231

38,169

37,753

37,205

37,084

37,357

37,791

38,260

38,393

38,507

38,515

38,273

38,988

39,496

0

0

0

Interest expense:
Demand-interest bearing

15,104

15,621

15,089

13,284

10,627

7,946

5,699

4,523

3,669

3,020

2,692

2,473

2,281

2,088

1,863

1,688

1,526

1,401

1,261

1,103

987

888

846

839

821

825

844

842

820

796

732

680

663

590

544

510

0

0

0

Money market and savings

7,127

6,796

6,337

5,832

5,378

4,898

4,396

3,876

3,434

3,160

2,934

2,823

2,728

2,639

2,501

2,362

2,226

2,170

2,129

2,100

2,066

1,929

1,823

1,739

1,700

1,786

1,916

2,063

2,357

2,718

3,087

3,383

3,521

3,457

3,366

3,410

0

0

0

Time deposits

4,447

3,850

3,075

2,338

1,843

1,588

1,456

1,382

1,311

1,238

1,220

1,209

1,097

942

792

674

661

695

707

713

721

719

727

735

761

867

1,014

1,187

1,416

1,718

2,074

2,485

2,877

3,017

3,426

3,884

0

0

0

Other borrowings

529

790

891

1,524

1,918

1,738

1,848

1,416

1,185

1,366

1,342

1,307

1,254

1,194

1,180

1,156

1,145

1,115

1,111

1,109

1,108

1,108

1,108

1,109

1,110

1,112

1,116

1,121

1,127

1,134

1,134

1,130

1,124

1,135

1,146

1,314

0

0

0

Total interest expense

27,207

27,057

25,392

22,978

19,766

16,170

13,399

11,197

9,599

8,784

8,188

7,812

7,360

6,863

6,336

5,880

5,558

5,381

5,208

5,025

4,882

4,644

4,504

4,422

4,392

4,590

4,890

5,213

5,720

6,366

7,027

7,678

8,185

8,199

8,482

9,118

0

0

0

Net interest income

79,421

77,807

77,873

77,637

76,928

75,904

72,791

69,357

65,962

62,065

57,888

53,962

50,292

47,364

45,661

43,867

41,879

40,055

38,608

37,822

36,697

35,829

34,727

33,747

33,361

32,615

32,194

32,144

32,071

31,894

31,366

30,829

30,330

30,074

30,506

30,378

0

0

0

Provision for loan losses

2,555

1,905

1,350

1,400

2,200

2,300

2,100

1,600

1,300

900

500

1,107

1,257

1,557

2,057

1,450

800

500

300

600

900

900

4,360

4,310

4,935

4,935

1,925

2,525

2,100

1,350

10,900

10,666

11,666

15,966

6,366

16,500

0

0

0

Net interest income after provision for loan losses

76,866

75,902

76,523

76,237

74,728

73,604

70,691

67,757

64,662

61,165

57,388

52,855

49,035

45,807

43,604

42,417

41,079

39,555

38,308

37,222

35,797

34,929

30,367

29,437

28,426

27,680

30,269

29,619

29,971

30,544

0

0

0

-

-

-

-

-

-

Non-interest income:
Non-interest income

8,190

7,755

7,281

6,660

6,131

5,650

5,125

4,821

4,399

4,081

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,140

13,878

0

0

0

Loan and servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,267

2,102

2,230

2,226

1,248

1,473

1,614

1,452

1,686

1,744

1,714

1,615

1,598

1,485

1,378

1,251

1,060

864

654

480

439

398

0

0

0

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of SBA loans

3,334

3,187

3,044

2,916

2,615

3,105

3,717

3,732

3,682

3,378

3,084

3,883

4,836

4,981

4,667

3,921

3,394

3,139

4,587

4,317

4,141

4,717

4,289

4,781

5,842

5,338

6,057

6,092

5,095

5,531

4,263

5,105

5,652

5,263

0

0

0

-

0

Service fees on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,417

2,183

1,927

1,720

1,541

1,405

1,294

1,224

1,173

1,127

1,105

1,046

1,021

985

946

922

852

834

809

768

882

917

0

0

0

Legal settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

238

288

0

0

-

0

-

-

-

-

-

-

-

-

Gain on sale of investment securities

1,622

1,103

1,102

582

0

-

-

0

-

-

0

0

-

656

720

727

0

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

-

-

-

-

-

-

-

Legal settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

Other-than-temporary impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-21

-21

0

-

0

0

-

35

78

82

0

-

0

0

-

0

0

Portion recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

28

28

0

-

0

0

-

-1

-7

-9

0

-

0

0

-

0

0

Net securities impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

5

1

3

3

3

10

7

7

7

0

-

0

0

-

34

71

73

0

-

0

0

-

-

0

Gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Bank owned life insurance income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

31

51

67

73

85

105

125

137

151

162

0

0

0

Other non-interest income

197

214

242

225

218

174

154

169

166

177

184

233

270

335

335

283

274

203

184

196

167

173

202

219

242

263

249

232

228

193

211

387

394

555

522

326

0

0

0

Total non-interest income

25,338

23,738

23,413

21,990

20,732

20,322

20,446

21,093

20,294

20,097

19,812

19,176

17,238

15,312

15,325

11,787

10,778

9,943

7,630

7,397

7,664

8,017

7,801

8,322

8,903

9,216

9,857

9,796

9,425

8,828

9,399

11,523

11,100

10,581

7,679

3,978

0

0

0

Non-interest expenses:
Salaries and employee benefits

54,910

53,888

51,729

48,618

45,796

44,082

42,890

41,516

40,022

37,959

36,068

33,970

31,132

28,602

26,155

24,154

23,318

22,488

21,814

21,158

20,271

20,089

18,730

18,142

17,817

17,064

17,683

17,205

16,665

16,512

16,022

16,149

15,993

15,197

14,472

13,325

0

0

0

Occupancy

12,393

11,565

10,340

9,321

8,527

8,046

7,893

7,690

7,554

7,156

6,961

6,724

6,419

6,109

5,692

5,397

5,169

4,929

4,767

4,566

4,374

4,247

4,078

3,980

3,829

3,635

3,524

3,458

3,454

3,454

3,433

3,408

3,325

3,336

3,245

3,370

0

0

0

Depreciation and amortization

6,936

6,482

6,040

5,585

5,511

5,447

5,137

5,144

4,800

4,618

4,290

4,049

3,724

3,518

3,770

3,390

3,326

3,080

2,729

2,768

2,607

2,382

2,258

2,219

2,120

2,105

2,116

1,937

1,971

2,006

2,035

2,070

2,097

2,107

2,117

2,076

0

0

0

Legal

1,402

1,335

1,093

907

923

985

1,365

1,245

1,023

984

682

684

623

459

596

490

764

915

939

1,170

1,274

1,290

1,449

1,710

1,769

1,878

2,043

2,046

2,441

2,966

3,008

2,861

2,542

1,948

1,750

1,768

0

0

0

Other real estate owned

2,054

2,109

2,360

1,939

1,614

1,588

3,269

3,637

4,057

4,092

2,276

2,232

1,943

2,182

4,676

4,399

4,447

4,239

1,905

1,856

1,825

1,794

2,470

2,839

2,608

3,179

2,045

1,587

1,582

763

6,051

6,079

6,040

7,301

1,904

2,001

0

0

0

Appraisal and other loan expenses

1,790

1,829

1,851

1,958

2,023

1,840

1,773

1,788

1,714

1,878

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

1,996

1,930

1,762

1,354

1,197

1,211

1,334

1,438

1,363

1,279

1,135

959

927

811

689

704

605

627

619

477

600

597

579

591

494

447

421

375

358

307

281

294

279

334

364

324

0

0

0

Data processing

5,632

5,220

4,862

4,437

4,193

3,855

3,572

3,348

3,173

3,134

3,032

2,916

2,726

2,408

2,171

1,910

1,708

1,593

1,488

1,416

1,397

1,345

1,276

1,239

1,192

1,000

1,038

1,027

1,031

1,187

1,161

1,220

1,180

1,163

1,061

949

0

0

0

Insurance

1,111

1,070

1,058

938

939

996

922

1,018

1,001

982

1,056

1,041

1,029

962

844

744

746

720

691

677

609

586

586

593

624

625

627

655

678

654

685

702

746

829

846

1,019

0

0

0

Professional fees

2,745

2,589

2,436

2,273

2,058

2,048

1,980

1,936

1,933

1,893

1,802

1,700

1,648

1,580

1,467

1,408

1,303

1,268

1,276

1,313

1,391

1,468

1,540

1,568

1,499

1,420

1,229

1,197

1,136

1,106

1,246

1,303

1,459

1,600

1,748

1,744

0

0

0

Debit card processing

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Automated teller machine expenses

-

-

2,230

2,202

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Regulatory assessments and costs

1,437

1,228

1,321

1,655

1,629

1,675

1,617

1,576

1,505

1,367

1,410

1,351

1,400

1,413

1,348

1,370

1,298

1,248

1,185

1,125

1,020

1,065

1,136

1,205

1,250

1,257

1,247

1,263

1,373

1,367

1,395

1,559

1,768

1,913

2,080

2,135

0

0

0

Taxes, other

753

837

845

800

838

796

834

833

826

817

587

588

578

366

590

516

492

689

590

592

622

616

611

503

522

557

442

560

584

594

874

954

909

862

944

900

0

0

0

Legal settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Other operating expenses

12,600

11,941

11,132

10,081

9,601

9,284

8,109

8,356

7,952

7,853

7,224

6,755

6,483

6,203

6,491

6,018

5,460

5,015

5,434

5,281

5,263

5,071

5,162

5,533

5,497

5,369

5,273

4,932

4,923

4,986

4,534

4,444

4,706

4,610

4,295

4,063

0

0

0

Total non-interest expense

108,495

104,490

99,059

92,068

86,886

83,721

83,286

81,618

78,574

75,276

69,624

65,472

60,754

56,293

54,769

50,780

48,916

47,091

43,437

42,399

41,253

40,550

39,875

41,997

41,096

40,411

39,563

36,242

36,196

35,902

40,725

41,043

41,044

41,200

34,826

33,674

0

0

0

Income (loss) before provision for income taxes

-6,291

-4,850

877

6,159

8,574

10,205

7,851

7,232

6,382

5,986

7,576

6,559

5,519

4,826

4,160

3,424

2,941

2,407

2,501

2,220

2,208

2,396

-1,707

-4,238

-3,767

-3,515

563

3,173

3,200

3,470

0

0

0

-

-

-

-

-

-

Income (loss) before provision (benefit) for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,007

-15,818

0

0

0

Provision (benefit) for income taxes

-1,772

-1,350

-265

873

1,298

1,578

-1,357

-1,975

-2,513

-2,919

-88

-124

-128

-119

-78

-56

-49

-26

5

9

-7

-46

-35

-47

-50

-35

-122

-132

-101

-144

9,508

10,045

9,609

8,191

-1,451

-5,843

0

0

0

Net income (loss)

-4,519

-3,500

1,142

5,286

7,276

8,627

9,208

9,207

8,895

8,905

7,664

6,683

5,647

4,945

4,238

3,480

2,990

2,433

2,496

2,211

2,215

2,442

-1,672

-4,191

-3,717

-3,480

685

3,305

3,301

3,614

-20,368

-19,402

-20,889

-24,702

-1,556

-9,975

0

0

0

Net income (loss) per share
Basic (in dollars per share)

-0.01

-0.05

-0.03

0.01

0.01

0.04

0.04

0.04

0.03

0.05

0.04

0.04

0.03

0.03

0.04

0.03

0.03

0.02

0.02

0.01

0.01

0.01

0.01

0.02

0.03

-0.12

-0.09

0.04

0.04

0.03

0.02

0.04

0.05

-0.88

0.05

-0.02

-0.10

0.00

-0.60

Diluted (in dollars per share)

-0.01

-0.05

-0.03

0.01

0.01

0.04

0.04

0.04

0.03

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.03

0.02

0.02

0.01

0.01

0.01

0.01

0.02

0.03

-0.12

-0.09

0.04

0.04

0.03

0.02

0.04

0.05

-0.88

0.05

-0.02

-0.10

0.00

-0.60

Loan and Servicing Fees [Member]
Non-interest income

1,829

1,568

1,718

1,781

1,464

1,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage Banking [Member]
Non-interest income

10,363

10,125

10,333

10,116

10,267

10,233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit Account [Member]
Non-interest income

7,993

7,541

7,039

6,435

5,913

5,476

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-