GREENE COUNTY BANCORP INC GCBC Income Statement

Greene county bancorp inc (GCBC)

Income statement / TTM

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
38,317	37,262	36,157	35,050	33,786	32,340	30,931	29,692	28,651	27,795	26,890	25,884	24,814	23,781	22,878	22,118	21,477	20,908	20,373	19,919	19,510	19,180	18,862	18,521	18,266	18,125	18,089	18,169	18,096	18,012	17,897	17,787	17,847	17,794	17,828	17,897	0	0	0
Investment securities - taxable
699	718	763	798	799	787	733	704	666	637	620	605	594	589	582	566	560	544	539	548	564	590	623	646	668	688	706	726	753	794	834	893	967	1,043	1,124	1,150	0	0	0
Mortgage-backed securities
4,966	4,617	4,415	4,285	4,224	4,175	3,907	3,610	3,323	3,145	3,453	3,420	3,418	3,410	3,097	3,080	2,984	2,972	2,927	2,865	2,816	2,696	2,599	2,544	2,643	2,887	3,137	3,434	3,657	3,765	3,995	4,234	4,411	4,446	4,263	3,959	0	0	0
Investment securities - tax exempt
6,668	6,315	5,965	5,723	5,479	5,208	4,894	4,570	4,213	3,964	3,724	3,512	3,397	3,269	3,147	2,990	2,783	2,615	2,465	2,350	2,246	2,151	2,079	2,037	1,960	1,871	1,783	1,689	1,657	1,609	1,510	1,399	1,293	1,226	1,197	1,176	0	0	0
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
789	798	619	452	366	312	371	352	282	129	47	38	26	52	49	48	43	12	18	18	36	42	40	40	31	28	40	42	39	36	31	28	27	36	41	42	0	0	0
Total interest income
51,439	49,710	47,919	46,308	44,654	42,822	40,836	38,928	37,135	35,670	34,734	33,459	32,249	31,101	29,753	28,802	27,847	27,051	26,322	25,700	25,172	24,659	24,203	23,788	23,568	23,599	23,755	24,060	24,202	24,216	24,267	24,341	24,545	24,545	24,453	24,224	0	0	0
Interest expense:
Interest on deposits
8,299	7,644	6,710	5,696	4,920	4,275	3,871	3,644	3,316	3,034	2,815	2,612	2,507	2,424	2,316	2,241	2,171	2,100	2,060	2,030	2,079	2,124	2,173	2,222	2,291	2,380	2,504	2,618	2,700	2,812	2,966	3,189	3,436	3,649	3,837	3,980	0	0	0
Interest on borrowings
266	307	366	612	632	611	564	370	392	442	454	465	446	397	378	340	319	317	294	272	252	228	198	165	129	121	152	199	262	306	350	394	424	453	501	531	0	0	0
Total interest expense
8,565	7,951	7,076	6,308	5,552	4,886	4,435	4,014	3,708	3,476	3,269	3,077	2,953	2,821	2,694	2,581	2,490	2,417	2,354	2,302	2,331	2,352	2,371	2,387	2,420	2,501	2,656	2,817	2,962	3,118	3,316	3,583	3,860	4,102	4,338	4,511	0	0	0
Net interest income
42,874	41,759	40,843	40,000	39,102	37,936	36,401	34,914	33,427	32,194	31,465	30,382	29,296	28,280	27,059	26,221	25,357	24,634	23,968	23,398	22,841	22,307	21,832	21,401	21,148	21,098	21,099	21,243	21,240	21,098	20,951	20,758	20,685	20,443	20,115	19,713	0	0	0
Provision for loan losses
3,267	2,192	1,856	1,659	1,544	1,539	1,537	1,530	1,483	1,481	1,715	1,911	2,007	2,085	1,842	1,673	1,562	1,557	1,519	1,556	1,523	1,395	1,598	1,500	1,539	1,582	1,615	1,746	1,857	0	0	-	0	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,688	1,749	1,628	0	0	0
Net interest income after provision for loan losses
39,607	39,567	38,987	38,341	37,558	36,397	34,864	33,384	31,944	30,713	29,750	28,471	27,289	26,195	25,217	24,548	23,795	23,077	22,449	21,842	21,318	20,912	20,234	19,901	19,609	19,516	19,484	19,497	19,577	19,225	19,197	18,974	18,799	18,755	18,366	18,085	0	0	0
Noninterest income:
Amount of income earned from service charges on deposit accounts.
4,284	4,210	4,205	4,117	4,093	4,065	3,893	3,707	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	3,066	2,990	2,936	2,880	2,863	2,816	2,780	2,779	2,711	2,673	2,598	2,558	2,546	2,545	2,583	2,599	2,625	2,643	2,589	2,513	2,454	2,412	2,379	2,330	0	0	0
Debit card fees
-	-	-	-	-	-	-	-	-	-	-	-	1,972	1,920	1,863	1,824	1,789	1,755	1,731	1,694	1,665	1,634	1,591	1,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amount of income earned from debit card fees during the period.
2,891	2,797	2,727	2,624	2,568	2,530	2,436	2,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,368	1,336	1,308	1,267	0	0	0
Investment services
581	606	574	544	533	526	512	469	424	386	331	329	360	349	360	383	379	385	394	403	406	421	421	424	386	331	323	308	340	347	330	315	304	293	301	304	0	0	0
E-commerce fees
-	-	-	-	-	-	-	-	-	-	-	-	121	119	105	97	95	89	97	101	100	98	98	96	98	102	99	101	101	0	0	-	0	-	-	-	-	-	-
Amount of income earned from e-commerce fee during the period.
127	134	137	139	137	137	138	139	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109	109	109	0	0	0
Net gain on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	11	11	32	244	233	0	0	0
Other operating income
983	1,003	932	937	867	789	814	804	789	812	791	761	756	733	766	781	844	758	710	720	644	697	691	637	642	635	620	608	581	578	562	564	587	574	568	552	0	0	0
Total noninterest income
8,866	8,750	8,575	8,361	8,198	8,047	7,793	7,481	7,167	6,890	6,615	6,424	6,275	6,111	6,030	5,965	5,970	5,803	5,712	5,697	5,526	5,523	5,399	5,280	5,193	5,086	5,066	4,995	4,967	5,003	4,915	4,850	4,829	4,754	4,907	4,793	0	0	0
Noninterest expense:
Salaries and employee benefits
16,674	16,267	15,952	15,488	15,098	14,548	13,946	13,350	12,637	12,174	11,886	11,672	11,263	11,007	10,734	10,490	10,333	10,036	9,912	9,855	9,711	9,781	9,454	9,281	9,129	8,801	8,738	8,617	8,561	8,483	8,420	8,354	8,156	8,107	8,224	8,134	0	0	0
Occupancy expense
1,838	1,813	1,786	1,722	1,707	1,684	1,625	1,579	1,547	1,541	1,525	1,549	1,514	1,455	1,449	1,432	1,501	1,576	1,587	1,548	1,458	1,371	1,323	1,322	1,312	1,275	1,270	1,249	1,279	1,248	1,252	1,268	1,221	1,280	1,293	1,278	0	0	0
Equipment and furniture expense
725	646	647	580	563	610	641	540	559	504	478	485	517	551	537	537	497	509	568	524	496	427	399	436	523	570	553	591	608	626	681	675	626	601	550	549	0	0	0
Service and data processing fees
2,404	2,324	2,228	2,149	2,097	2,090	2,088	2,080	2,084	2,053	2,012	1,973	1,950	1,941	1,950	1,912	1,859	1,790	1,670	1,714	1,673	1,640	1,570	1,452	1,414	1,425	1,519	1,580	1,614	1,594	1,581	1,555	1,533	1,558	1,514	1,486	0	0	0
Expenses related to computer supplies, as well as software and support.
1,034	1,009	945	926	917	832	794	714	632	619	605	608	564	508	456	443	428	412	422	522	522	532	519	400	394	380	377	356	377	378	369	357	320	305	288	278	0	0	0
Advertising and promotion
528	523	457	461	419	383	419	354	341	346	319	387	394	386	395	373	340	357	314	294	296	274	292	278	317	332	347	369	365	374	399	346	326	291	271	336	0	0	0
FDIC insurance premiums
249	207	295	461	483	481	474	440	388	359	359	380	403	420	431	417	418	416	413	404	384	371	373	371	364	366	346	332	328	317	296	311	321	429	505	558	0	0	0
Legal and professional fees
1,132	1,138	1,096	1,146	1,165	1,108	1,054	956	933	917	908	875	842	904	961	1,023	1,043	982	1,084	1,037	977	959	830	822	802	777	711	663	690	699	742	767	917	835	768	745	0	0	0
Other
2,583	2,498	2,731	2,743	2,620	2,629	2,389	2,349	2,268	2,117	2,014	2,038	1,947	2,003	2,154	2,244	2,428	2,419	2,343	2,134	1,988	1,971	1,821	1,754	1,667	1,667	1,727	1,692	1,710	1,588	1,589	1,681	1,521	1,630	1,572	1,491	0	0	0
Total noninterest expense
27,167	26,425	26,137	25,676	25,069	24,365	23,430	22,362	21,389	20,630	20,106	19,967	19,394	19,175	19,067	18,871	18,847	18,497	18,313	18,032	17,505	17,326	16,581	16,116	15,922	15,593	15,588	15,449	15,532	15,307	15,329	15,314	14,941	15,036	14,985	14,855	0	0	0
Income before provision for income taxes
21,306	21,892	21,425	21,026	20,687	20,079	19,227	18,503	17,722	16,973	16,259	14,928	14,170	13,131	12,180	11,642	10,918	10,383	9,848	9,507	9,339	9,109	9,052	9,065	8,880	9,009	8,962	9,043	9,012	8,921	8,783	8,510	8,687	8,473	8,288	8,023	0	0	0
Provision for income taxes
3,115	3,396	3,458	3,542	3,748	3,819	3,911	4,095	4,076	4,107	4,107	3,741	3,508	3,205	2,860	2,679	2,468	2,310	2,284	2,318	2,416	2,474	2,503	2,537	2,504	2,592	2,601	2,672	2,699	2,662	2,698	2,680	2,824	2,854	2,812	2,732	0	0	0
Net income
18,191	18,496	17,967	17,484	16,939	16,260	15,316	14,408	13,646	12,866	12,152	11,187	10,662	9,926	9,320	8,963	8,450	8,073	7,564	7,189	6,923	6,635	6,549	6,528	6,376	6,417	6,361	6,371	6,453	0	0	-	0	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,619	5,476	5,291	0	0	0
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