German American Bancorp, Inc. GABC Income Statement

German american bancorp, inc. (GABC)

Income statement / Quarterly

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 INCOME
Interest and Fees on Loans
37,858	41,395	40,921	35,046	35,119	33,678	28,148	26,308	23,950	23,699	23,182	22,602	22,262	22,557	22,311	22,670	18,664	17,202	16,702	16,537	16,299	16,831	16,680	16,142	15,944	16,405	15,307	15,035	14,885	15,311	15,082	15,513	15,785	15,825	15,933	16,446	16,241	13,668	13,194
Interest on Federal Funds Sold and Other Short-term Investments
158	133	163	85	141	97	101	54	56	34	46	27	27	12	25	20	17	3	3	4	3	4	2	3	3	5	2	13	10	7	11	40	33	37	48	66	65	12	27
Interest and Dividends on Securities:
Taxable
3,110	3,356	3,400	3,555	3,599	3,468	2,970	2,962	2,998	2,789	2,688	2,702	2,719	2,583	2,491	2,287	2,277	2,187	2,176	2,219	2,435	2,465	2,531	2,654	2,759	2,711	2,768	2,771	2,841	2,964	3,235	3,421	3,326	3,602	3,645	3,586	2,844	2,426	2,462
Non-taxable
2,445	2,454	2,427	2,350	2,330	2,353	2,256	2,209	2,141	2,088	2,070	2,070	2,025	1,949	1,907	1,873	1,722	1,631	1,538	1,418	1,263	1,232	1,135	1,026	975	911	735	639	634	635	625	589	583	552	479	423	369	249	258
TOTAL INTEREST INCOME
43,571	47,338	46,911	41,036	41,189	39,596	33,475	31,533	29,145	28,610	27,986	27,401	27,033	27,101	26,734	26,850	22,680	21,023	20,419	20,178	20,000	20,532	20,348	19,825	19,681	20,032	18,812	18,458	18,370	18,917	18,953	19,563	19,727	20,016	20,105	20,521	19,519	16,355	15,941
INTEREST EXPENSE
Interest on Deposits
5,657	6,231	6,399	5,759	5,416	4,959	3,535	2,848	2,283	2,066	1,959	1,626	1,443	1,383	1,323	1,326	1,155	974	987	1,022	993	1,030	1,025	1,037	1,036	1,164	1,145	1,154	1,234	1,435	1,622	1,855	2,046	2,522	2,823	3,248	3,393	2,642	2,686
Interest on FHLB Advances and Other Borrowings
1,658	1,692	1,934	1,636	2,182	1,654	1,392	1,216	1,252	1,090	1,110	962	865	829	851	853	741	611	573	450	458	471	532	467	449	480	475	592	911	888	938	1,059	1,069	1,087	1,079	1,009	1,019	1,236	1,340
TOTAL INTEREST EXPENSE
7,315	7,923	8,333	7,395	7,598	6,613	4,927	4,064	3,535	3,156	3,069	2,588	2,308	2,212	2,174	2,179	1,896	1,585	1,560	1,472	1,451	1,501	1,557	1,504	1,485	1,644	1,620	1,746	2,145	2,323	2,560	2,914	3,115	3,609	3,902	4,257	4,412	3,878	4,026
Interest Income (Expense), Net
36,256	39,415	38,578	33,641	33,591	32,983	28,548	27,469	25,610	25,454	24,917	24,813	24,725	24,889	24,560	24,671	20,784	19,438	18,859	18,706	18,549	19,031	18,791	18,321	18,196	18,388	17,192	16,712	16,225	16,594	16,393	16,649	16,612	16,407	16,203	16,264	15,107	12,477	11,915
Provision for Credit Losses
5,150	1,600	2,800	250	675	0	500	1,220	350	650	250	350	500	0	0	350	850	0	-500	250	250	-400	0	200	350	600	-400	-200	350	691	640	391	690	2,900	1,300	1,300	1,300	1,375	1,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
31,106	37,815	35,778	33,391	32,916	32,983	28,048	26,249	25,260	24,804	24,667	24,463	24,225	24,889	24,560	24,321	19,934	19,438	19,359	18,456	18,299	19,431	18,791	18,121	17,846	17,788	17,592	16,912	15,875	15,903	15,753	16,258	15,922	13,507	14,903	14,964	13,807	11,102	10,915
NON-INTEREST INCOME
Company Owned Life Insurance
1,222	453	364	304	884	420	251	260	312	290	317	480	254	278	247	247	215	229	205	207	205	223	210	192	201	249	233	217	266	251	213	266	244	264	233	250	353	197	186
Other Operating Income
427	868	1,029	461	871	629	639	913	604	546	608	630	857	1,222	1,246	722	513	191	2,134	631	576	439	599	590	390	456	395	861	291	455	811	316	373	470	86	496	400	339	261
Net Gains on Sales of Loans
1,863	973	1,649	1,030	981	583	866	905	650	682	952	959	687	752	1,004	883	720	595	831	784	749	417	613	386	476	469	613	809	754	904	941	676	713	730	863	379	409	802	499
Debt and Equity Securities, Gain (Loss)
590	264	313	516	155	272	90	74	270	21	575	0	0	553	458	968	0	0	0	262	463	442	567	244	228	921	428	467	613	975	598	76	18	1,979	0	0	1,045	-	-
TOTAL NON-INTEREST INCOME
14,081	11,278	12,056	10,509	11,658	9,733	8,963	8,882	9,492	7,594	8,275	7,797	8,188	8,357	8,384	8,055	7,217	6,424	7,757	6,121	7,142	5,717	6,437	5,502	6,281	6,151	5,444	6,110	5,910	6,019	6,158	4,833	4,801	6,640	4,560	4,362	6,014	4,433	3,791
NON-INTEREST EXPENSE
Salaries and Employee Benefits
17,400	17,145	17,579	14,117	15,044	15,027	12,134	12,019	12,126	12,168	11,570	11,460	11,444	11,604	10,572	10,184	11,601	8,960	8,998	8,259	8,825	8,425	7,975	7,886	8,424	8,556	7,515	7,627	7,784	7,677	7,261	6,828	7,320	7,182	6,687	6,722	7,401	5,470	5,288
Occupancy Expense
2,570	2,621	2,797	2,279	2,291	2,213	1,967	1,811	1,744	1,796	1,694	1,570	1,549	1,648	1,656	1,614	1,379	1,207	1,305	1,201	1,226	1,318	1,262	1,198	1,316	1,186	1,155	1,099	1,105	1,058	1,066	1,061	1,092	1,048	1,142	1,024	1,050	918	835
Furniture and Equipment Expense
1,011	973	954	933	928	990	771	716	665	656	678	654	633	581	568	604	508	456	456	482	479	481	463	500	509	519	438	466	475	-75	650	724	680	691	621	817	805	619	600
FDIC Premiums
0	0	0	245	288	234	324	238	237	242	241	232	239	111	373	339	328	294	284	284	282	285	277	276	275	274	261	260	255	265	271	283	297	282	295	382	514	355	336
Data Processing Fees
1,686	1,681	2,860	1,803	1,583	3,108	1,309	1,398	1,127	1,154	1,067	1,044	1,011	1,079	1,261	1,181	2,165	933	901	870	837	783	935	947	1,010	1,079	717	672	665	1,133	311	321	114	271	321	395	1,105	330	365
Professional Fees
1,084	849	1,324	1,174	1,327	2,337	793	1,361	871	550	551	913	803	797	777	780	1,318	588	787	642	644	533	516	553	692	421	970	525	661	470	585	587	605	426	526	499	605	698	524
Advertising and Promotion
1,071	1,370	1,054	936	870	1,083	851	857	701	820	1,315	630	778	797	687	629	544	544	2,198	484	443	342	613	544	478	410	447	516	490	506	439	396	373	525	383	314	303	350	273
Supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	158	246
Intangible Amortization
960	1,012	1,064	802	843	810	430	306	206	217	230	242	253	262	280	312	208	160	183	202	245	279	302	325	348	372	329	348	367	386	405	422	442	461	480	498	517	262	247
Other Operating Expenses
4,546	4,173	4,329	3,329	3,585	4,012	2,997	3,002	2,778	2,397	2,425	2,251	2,326	2,476	2,479	2,696	2,189	2,070	1,854	1,891	1,852	1,956	1,739	1,910	2,038	1,781	1,752	1,748	1,660	1,759	1,740	1,801	1,670	1,750	1,550	1,620	1,570	1,281	1,188
TOTAL NON-INTEREST EXPENSE
30,328	29,824	31,961	25,618	26,759	29,814	21,576	21,708	20,455	20,000	19,771	18,996	19,036	19,355	18,653	18,339	20,240	15,212	16,966	14,315	14,833	14,402	14,082	14,139	15,090	14,598	13,584	13,261	13,462	13,179	12,728	12,423	12,593	12,636	12,005	12,271	13,870	10,441	9,902
Income before Income Taxes
14,859	19,269	15,873	18,282	17,815	12,902	15,435	13,423	14,297	12,398	13,171	13,264	13,377	13,891	14,291	14,037	6,911	10,650	10,150	10,262	10,608	10,746	11,146	9,484	9,037	9,341	9,452	9,761	8,323	8,743	9,183	8,668	8,130	7,511	7,458	7,055	5,951	5,094	4,804
Income Tax Expense (Benefit)
2,387	3,449	2,809	3,011	2,748	1,922	2,796	2,326	2,484	777	3,511	3,425	3,821	3,826	4,106	4,249	1,765	2,938	2,429	2,937	3,302	3,102	3,438	2,797	2,732	2,752	2,969	3,229	2,514	2,549	2,891	2,701	2,528	1,938	2,291	2,191	1,306	1,500	1,396
Net Income (Loss) Attributable to Parent
12,472	15,820	13,064	15,271	15,067	10,980	12,639	11,097	11,813	11,621	9,660	9,839	9,556	10,065	10,185	9,788	5,146	7,712	7,721	7,325	7,306	7,644	7,708	6,687	6,305	6,589	6,483	6,532	5,809	6,194	6,292	5,967	5,602	5,573	5,167	4,864	4,645	3,594	3,408
Changes in Unrealized Gain on Securities Available-for-Sale, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475	-	3,427	5,482	188	-	-
Total Other Comprehensive Income (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475	-	3,427	5,482	188	-	-
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,077	-	8,594	10,346	4,833	4,201	5,331
Basic Earnings Per Share (USD per share)
0.47	0.59	0.49	0.61	0.60	0.45	0.55	0.48	0.51	0.50	0.42	0.43	0.42	0.44	0.45	0.43	0.25	-0.17	0.58	0.55	0.55	0.58	0.58	0.51	0.48	0.50	0.51	0.52	0.46	0.50	0.50	0.47	0.44	-	0.41	-	-	-	-
Diluted Earnings Per Share (USD per share)
0.47	0.59	0.49	0.61	0.60	0.45	0.55	0.48	0.51	0.50	0.42	0.43	0.42	0.44	0.45	0.43	0.25	-0.17	0.58	0.55	0.55	0.57	0.58	0.51	0.48	0.49	0.51	0.52	0.46	0.49	0.50	0.47	0.44	-	0.41	-	-	-	-
Basic Earnings Per Share and Diluted Earnings Per Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.39	0.37	0.32	0.31
Dividends per Share (in USD per share)
-	-	-	-	-	-	-	-	0.15	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	-0.06	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.15	0.15	0.15	-	0.14	0.14	0.14	-	0.14	0.14	0.14	0.14	0.14
Trust and Investment Product Fees
Non-interest Income (in-scope of Topic 606)
2,031	1,913	1,885	1,913	1,567	1,645	1,585	1,677	1,773	1,378	1,301	1,350	1,243	1,209	1,191	1,223	1,021	983	1,051	939	984	947	901	905	922	925	802	814	817	638	659	664	696	584	602	495	464	348	395
Service Charges on Deposit Accounts
Non-interest Income (in-scope of Topic 606)
2,237	2,399	2,395	2,024	1,900	2,072	1,858	1,643	1,471	1,608	1,608	1,478	1,484	1,594	1,612	1,534	1,233	1,232	1,237	1,220	1,137	1,277	1,300	1,191	1,061	1,110	1,029	1,050	955	1,075	1,049	1,017	935	1,019	1,120	1,074	941	1,053	1,075
Insurance Revenues
Non-interest Income (in-scope of Topic 606)
3,229	1,923	1,883	1,929	3,205	1,877	1,827	1,696	2,930	1,867	1,728	1,744	2,640	1,748	1,661	1,605	2,727	1,677	1,752	1,515	2,545	1,478	1,739	1,482	2,556	1,559	1,495	1,379	1,784	1,306	1,469	1,358	1,391	1,219	1,261	1,290	2,049	1,323	1,083
Interchange Fee Income
Non-interest Income (in-scope of Topic 606)
2,482	2,485	2,538	2,332	2,095	2,235	1,847	1,714	1,482	1,202	1,186	1,156	1,023	1,001	965	873	788	1,517	547	563	483	494	508	512	447	462	449	513	430	415	418	460	431	375	395	378	353	371	292