GREENE COUNTY BANCORP INC GCBC Income Statement

Greene county bancorp inc (GCBC)

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	Dec'10	Sep'10
Interest income:
Loans
9,955	9,801	9,405	9,156	8,900	8,696	8,298	7,892	7,454	7,287	7,059	6,851	6,598	6,382	6,053	5,781	5,565	5,479	5,293	5,140	4,996	4,944	4,839	4,731	4,666	4,626	4,498	4,476	4,525	4,590	4,578	4,403	4,441	4,475	4,468	4,463	4,388	4,509	4,537
Investment securities - taxable
178	172	159	190	197	217	194	191	185	163	165	153	156	146	150	142	151	139	134	136	135	134	143	152	161	167	166	174	181	185	186	201	222	225	245	275	298	306	271
Mortgage-backed securities
1,327	1,261	1,244	1,134	978	1,059	1,114	1,073	929	791	817	786	751	1,099	784	784	743	786	767	688	731	741	705	639	611	644	650	738	855	894	947	961	963	1,124	1,186	1,138	998	941	882
Investment securities - tax exempt
1,771	1,756	1,602	1,539	1,418	1,406	1,360	1,295	1,147	1,092	1,036	938	898	852	824	823	770	730	667	616	602	580	552	512	507	508	510	435	418	420	416	403	370	321	305	297	303	292	284
Interest income derived from interest-bearing deposits in other financial institutions for relatively short periods of time including, for example, certificates of deposits, which are presented separately from cash on the balance sheet. Also includes interest income derived from the amount outstanding of funds lent to other depository institutions, securities brokers, or securities dealers in the form of Federal Funds sold; for example, immediately available funds lent under agreements or contracts that mat
206	207	198	178	215	28	31	92	161	87	12	22	8	5	3	10	34	2	2	5	3	8	2	23	9	6	2	14	6	18	4	11	3	13	1	10	12	18	2
Total interest income
13,437	13,197	12,608	12,197	11,708	11,406	10,997	10,543	9,876	9,420	9,089	8,750	8,411	8,484	7,814	7,540	7,263	7,136	6,863	6,585	6,467	6,407	6,241	6,057	5,954	5,951	5,826	5,837	5,985	6,107	6,131	5,979	5,999	6,158	6,205	6,183	5,999	6,066	5,976
Interest expense:
Interest on deposits
2,239	2,205	2,050	1,805	1,584	1,271	1,036	1,029	939	867	809	701	657	648	606	596	574	540	531	526	503	500	501	575	548	549	550	644	637	673	664	726	749	827	887	973	962	1,015	1,030
Interest on borrowings
57	81	58	70	98	140	304	90	77	93	110	112	127	105	121	93	78	86	83	72	76	63	61	52	52	33	28	16	44	64	75	79	88	108	119	109	117	156	149
Total interest expense
2,296	2,286	2,108	1,875	1,682	1,411	1,340	1,119	1,016	960	919	813	784	753	727	689	652	626	614	598	579	563	562	627	600	582	578	660	681	737	739	805	837	935	1,006	1,082	1,079	1,171	1,179
Net interest income
11,141	10,911	10,500	10,322	10,026	9,995	9,657	9,424	8,860	8,460	8,170	7,937	7,627	7,731	7,087	6,851	6,611	6,510	6,249	5,987	5,888	5,844	5,679	5,430	5,354	5,369	5,248	5,177	5,304	5,370	5,392	5,174	5,162	5,223	5,199	5,101	4,920	4,895	4,797
Provision for loan losses
1,425	690	551	601	350	354	354	486	345	352	347	439	343	586	543	535	421	343	374	424	416	305	411	391	288	508	313	430	331	541	444	-	541	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	422	474	449	343	483	353
Net interest income after provision for loan losses
9,716	10,221	9,949	9,721	9,676	9,641	9,303	8,938	8,515	8,108	7,823	7,498	7,284	7,145	6,544	6,316	6,190	6,167	5,875	5,563	5,472	5,539	5,268	5,039	5,066	4,861	4,935	4,747	4,973	4,829	4,948	4,827	4,621	4,801	4,725	4,652	4,577	4,412	4,444
Noninterest income:
Amount of income earned from service charges on deposit accounts.
1,034	1,111	1,125	1,014	960	1,106	1,037	990	932	934	851	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	746	820	773	727	670	766	717	710	623	730	716	642	585	655	676	630	584	693	692	656	602	639	616	597	560	606	567
Debit card fees
-	-	-	-	-	-	-	-	-	-	-	-	490	510	491	481	438	453	452	446	404	429	415	417	373	386	389	-	-	-	-	-	-	-	-	-	-	-	-
Amount of income earned from debit card fees during the period.
698	755	743	695	604	685	640	639	566	591	566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	325	344	327	-	338	350	338	342	306	322	297
Investment services
120	168	145	148	145	136	115	137	138	122	72	92	100	67	70	123	89	78	93	119	95	87	102	122	110	87	105	84	55	79	90	116	62	62	75	105	51	70	78
E-commerce fees
-	-	-	-	-	-	-	-	-	-	-	-	31	31	32	27	29	17	24	25	23	25	28	24	21	25	26	26	25	22	28	-	26	-	-	-	-	-	-
Amount of income earned from e-commerce fee during the period.
24	31	35	37	31	34	37	35	31	35	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	30	26	28	25	30
Net gain on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	-	0	0	0	11	0	21	212	0
Other operating income
250	251	218	264	270	180	223	194	192	205	213	179	215	184	183	174	192	217	198	237	106	169	208	161	159	163	154	166	152	148	142	139	149	132	144	162	136	126	128
Total noninterest income
2,126	2,316	2,266	2,158	2,010	2,141	2,052	1,995	1,859	1,887	1,740	1,681	1,582	1,612	1,549	1,532	1,418	1,531	1,484	1,537	1,251	1,440	1,469	1,366	1,248	1,316	1,350	1,279	1,141	1,296	1,279	1,251	1,177	1,208	1,214	1,230	1,102	1,361	1,100
Noninterest expense:
Salaries and employee benefits
4,412	3,992	3,942	4,328	4,005	3,677	3,478	3,938	3,455	3,075	2,882	3,225	2,992	2,787	2,668	2,816	2,736	2,514	2,424	2,659	2,439	2,390	2,367	2,515	2,509	2,063	2,194	2,363	2,181	2,000	2,073	2,307	2,103	1,937	2,007	2,109	2,054	2,054	1,917
Occupancy expense
496	441	466	435	471	414	402	420	448	355	356	388	442	339	380	353	383	333	363	422	458	344	324	332	371	296	323	322	334	291	302	352	303	295	318	305	362	308	303
Equipment and furniture expense
191	126	281	127	112	127	214	110	159	158	113	129	104	132	120	161	138	118	120	121	150	177	76	93	81	149	113	180	128	132	151	197	146	187	145	148	121	136	144
Service and data processing fees
626	638	574	566	546	542	495	514	539	540	487	518	508	499	448	495	499	508	410	442	430	388	454	401	397	318	336	363	408	412	397	397	388	399	371	375	413	355	343
Expenses related to computer supplies, as well as software and support.
285	264	242	243	260	200	223	234	175	162	143	152	162	148	146	108	106	96	133	93	90	106	233	93	100	93	114	87	86	90	93	108	87	81	81	71	72	64	71
Advertising and promotion
115	142	116	155	110	76	120	113	74	112	55	100	79	85	123	107	71	94	101	74	88	51	81	76	66	69	67	115	81	84	89	111	90	109	36	91	55	89	101
FDIC insurance premiums
159	12	-39	117	117	100	127	139	115	93	93	87	86	93	114	110	103	104	100	111	101	101	91	91	88	103	89	84	90	83	75	80	79	62	90	90	187	138	143
Legal and professional fees
274	325	279	254	280	283	329	273	223	229	231	250	207	220	198	217	269	277	260	237	208	379	213	177	190	250	205	157	165	184	157	184	174	227	182	334	92	160	159
Other
670	595	561	757	585	828	573	634	594	588	533	553	443	485	557	462	499	636	647	646	490	560	438	500	473	410	371	413	473	470	336	431	351	471	428	271	460	413	347
Total noninterest expense
7,228	6,535	6,422	6,982	6,486	6,247	5,961	6,375	5,782	5,312	4,893	5,402	5,023	4,788	4,754	4,829	4,804	4,680	4,558	4,805	4,454	4,496	4,277	4,278	4,275	3,751	3,812	4,084	3,946	3,746	3,673	4,167	3,721	3,768	3,658	3,794	3,816	3,717	3,528
Income before provision for income taxes
4,614	6,002	5,793	4,897	5,200	5,535	5,394	4,558	4,592	4,683	4,670	3,777	3,843	3,969	3,339	3,019	2,804	3,018	2,801	2,295	2,269	2,483	2,460	2,127	2,039	2,426	2,473	1,942	2,168	2,379	2,554	1,911	2,077	2,241	2,281	2,088	1,863	2,056	2,016
Provision for income taxes
563	889	930	733	844	951	1,014	939	915	1,043	1,198	920	946	1,043	832	687	643	698	651	476	485	672	685	574	543	701	719	541	631	710	790	568	594	746	772	712	624	704	692
Net income
4,051	5,113	4,863	4,164	4,356	4,584	4,380	3,619	3,677	3,640	3,472	2,857	2,897	2,926	2,507	2,332	2,161	2,320	2,150	1,819	1,784	1,811	1,775	1,553	1,496	1,725	1,754	1,401	1,537	1,669	1,764	-	1,483	-	-	-	-	-	-
Basic and diluted earnings per share (in dollars per share)
0.47	0.60	0.57	-	0.51	0.54	0.51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted average shares outstanding (in shares)
8,531	8,537	8,537	-	8,537	8,537	8,537	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,495	1,509	1,376	1,239	1,352	1,324
Basic earnings per share (in dollars per share)
-	-	-	-	-	-	-	0.42	0.43	0.43	0.41	0.34	0.34	0.34	0.30	0.28	0.26	0.27	0.25	-0.21	0.21	0.43	0.42	0.36	0.36	0.41	0.42	0.33	0.37	0.40	0.42	0.32	0.36	0.36	0.36	0.33	0.30	0.33	0.32
Basic average shares outstanding (in shares)
-	-	-	-	-	-	-	8,529	8,517	8,504	8,502	8,502	8,502	8,491	8,483	8,474	8,464	8,451	8,446	16,876	8,441	4,217	4,214	4,213	4,211	4,203	4,194	4,192	4,187	4,185	4,183	4,172	4,159	4,148	4,145	4,145	4,142	4,129	4,121
Diluted earnings per share (in dollars per share)
-	-	-	-	-	-	-	0.42	0.43	0.43	0.41	0.33	0.34	0.34	0.30	0.29	0.25	0.27	0.25	-0.21	0.21	0.43	0.42	0.37	0.35	0.41	0.41	0.34	0.36	0.39	0.42	0.32	0.35	0.36	0.36	0.33	0.30	0.32	0.32
Diluted average shares outstanding (in shares)
-	-	-	-	-	-	-	8,538	8,536	8,533	8,531	8,526	8,519	8,509	8,497	8,419	8,484	8,502	8,498	16,994	8,501	4,248	4,245	4,246	4,243	4,240	4,234	4,219	4,227	4,225	4,221	4,210	4,197	4,190	4,190	4,173	4,172	4,163	4,152
Common stock, dividends, per share, declared (in dollars per share)
0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	0.09	-0.09	0.09	0.18	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.37	0.17