Howard bancorp inc (HBMD)
Income statement / Quarterly
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'11
INTEREST INCOME
Interest and fees on loans and leases

20,144

20,675

21,183

21,131

20,566

20,716

20,927

19,788

13,578

10,839

10,632

10,281

9,461

9,467

9,599

9,346

9,453

9,660

8,405

7,414

7,358

7,018

5,776

5,363

4,899

4,867

4,627

4,129

3,956

3,995

3,854

3,758

3,773

3,788

3,666

3,559

3,503

Interest and dividends on securities

1,848

1,690

1,499

1,740

1,856

1,441

1,172

1,116

568

423

367

340

286

198

191

176

126

270

68

56

55

165

28

27

30

21

16

19

22

27

29

23

23

20

30

28

24

Other interest income

234

185

273

274

362

271

337

261

214

76

113

87

121

87

34

31

33

20

16

14

13

24

9

7

14

19

12

12

11

9

15

18

13

5

6

5

6

Total interest income

22,226

22,550

22,955

23,145

22,784

22,428

22,436

21,165

14,360

11,338

11,112

10,708

9,868

9,752

9,824

9,553

9,612

9,950

8,489

7,484

7,426

7,207

5,813

5,397

4,943

4,907

4,655

4,160

3,989

4,031

3,898

3,799

3,809

3,813

3,702

3,592

3,533

INTEREST EXPENSE
Deposits

3,210

3,832

4,062

4,004

3,564

3,139

2,322

1,729

1,350

1,119

1,053

941

884

912

891

892

775

745

693

596

577

593

560

485

441

448

422

398

388

408

432

475

463

447

441

410

450

Customer repurchase agreements and federal funds purchased

4

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB advances

1,026

-

-

-

1,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated debt

461

-

-

-

480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

1,204

754

-

347

573

717

690

302

238

195

141

216

169

145

65

56

43

26

29

22

28

25

31

31

26

27

30

37

40

46

40

32

50

47

39

Long-term borrowings

-

-

474

1,033

-

999

894

839

172

61

66

75

92

111

116

141

129

119

72

63

53

56

60

58

43

42

49

19

21

11

14

15

24

30

18

27

26

Total interest expense

4,701

5,283

5,740

5,791

5,310

4,485

3,789

3,285

2,212

1,482

1,357

1,211

1,117

1,239

1,176

1,178

969

920

808

685

659

671

648

568

515

521

497

444

439

456

486

536

527

509

509

484

515

NET INTEREST INCOME

17,525

17,267

17,215

17,354

17,474

17,943

18,647

17,880

12,148

9,856

9,755

9,497

8,751

8,513

8,648

8,375

8,643

9,030

7,681

6,799

6,767

6,536

5,165

4,829

4,428

4,386

4,158

3,716

3,550

3,575

3,412

3,263

3,282

3,304

3,193

3,108

3,018

Provision for credit losses

3,445

750

608

1,110

1,725

2,850

696

1,425

1,120

800

491

340

200

735

402

515

385

821

230

535

250

686

2,068

325

176

284

140

165

361

68

308

201

141

424

558

70

112

Net interest income after provision for credit losses

14,080

16,517

16,607

16,244

15,749

15,093

17,951

16,455

11,028

9,056

9,264

9,157

8,551

7,778

8,246

7,860

8,258

8,209

7,451

6,264

6,517

5,850

3,097

4,504

4,252

4,102

4,018

3,551

3,189

3,507

3,104

3,062

3,141

2,880

2,635

3,038

2,906

NONINTEREST INCOME
Service charges on deposit accounts

642

710

726

684

627

649

651

590

326

-

213

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

208

-

178

163

160

181

189

187

216

172

118

153

154

113

106

82

86

87

87

70

78

69

75

76

78

Realized and unrealized gains on mortgage banking activity

1,036

1,951

2,054

2,308

1,485

820

986

1,623

1,816

2,337

2,730

3,167

2,801

1,114

2,847

2,587

1,550

1,556

1,910

2,133

1,372

1,477

1,388

1,326

150

-

35

52

-

-

-

-

-

-

-

-

-

Gain (loss) on the sale of securities

-

-

-

658

-

-225

0

0

-139

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on the sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-40

652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on the sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

0

0

0

-37

0

0

0

-131

459

0

0

0

Gain on the sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

227

5

-184

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

108

-

31

43

37

-

4

-

-

Loss on the disposal of bank premises & equipment

-

-

-

-83

-

-

236

-

-

-

0

-

-

-

-1

-69

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from bank owned life insurance

445

466

485

460

447

455

454

420

285

205

210

200

145

162

156

154

151

130

103

89

86

96

95

94

92

72

72

71

67

0

0

0

0

-

-

-

-

Loan related fees and service charges

581

912

984

995

1,043

856

843

2,059

1,866

1,580

1,469

1,412

1,261

1,272

997

858

776

839

848

824

468

598

485

376

142

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income

662

1,586

784

819

933

1,709

686

925

550

266

255

262

228

233

247

225

215

185

207

205

207

194

89

110

85

43

106

110

103

-10

98

134

102

82

60

106

104

Total noninterest income

3,366

5,625

5,033

5,841

4,535

3,683

3,856

5,617

4,704

4,669

5,104

5,292

4,459

2,990

4,384

4,570

2,852

2,891

3,257

3,438

2,349

18,399

2,175

2,059

623

363

319

315

327

219

216

247

86

634

139

182

182

NONINTEREST EXPENSE
Compensation and benefits

8,441

7,811

7,939

8,272

8,034

7,503

8,691

9,911

7,569

5,981

5,972

6,063

5,557

4,653

4,927

4,870

4,584

4,755

4,652

3,939

3,850

4,977

2,790

2,907

2,760

2,137

1,905

1,763

1,592

1,784

1,491

1,443

1,357

1,268

1,256

1,245

1,251

Occupancy and equipment

1,033

880

1,442

5,183

1,571

4,493

1,990

2,617

1,550

1,033

1,025

1,034

1,062

997

1,062

949

1,614

1,006

931

904

975

917

489

586

470

-

-

-

388

385

381

396

347

375

341

364

356

Occupancy and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

406

359

-

-

-

-

-

-

-

-

-

Amortization of core deposit intangible

699

717

745

767

784

800

834

863

359

106

128

136

135

136

166

176

177

213

82

84

83

53

17

21

20

20

14

0

0

-

0

-

-

-

-

-

-

Marketing and business development

450

853

545

484

457

689

540

1,104

1,005

1,114

991

1,185

941

900

864

888

723

768

786

679

628

554

400

459

261

288

153

178

133

171

145

173

117

125

109

156

104

Professional fees

726

704

747

718

785

705

743

717

306

522

606

417

423

419

669

665

358

384

386

363

345

258

217

341

230

248

246

243

146

91

134

91

219

151

79

90

81

Data processing fees

927

1,217

1,172

1,147

1,378

1,237

1,152

1,047

601

517

565

480

476

451

524

381

367

451

348

164

390

378

174

170

144

142

148

123

116

119

116

110

106

97

92

90

74

Merger and restructuring expense

-

-

-

-

-

88

-212

5,698

9,975

189

378

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger and restructuring expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,041

2,166

731

406

-

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC assessment

212

63

36

281

287

424

430

261

153

177

180

76

217

175

199

198

208

138

106

119

90

140

101

119

82

85

87

78

77

82

83

75

70

74

42

104

112

Other real estate owned

-78

-321

-393

-104

-27

-398

-83

3

-22

-506

-32

-93

-24

-

-43

-83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

736

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

347

-

0

26

0

22

0

384

0

202

191

Loan production expense

468

719

761

700

520

591

680

1,309

943

911

952

950

930

721

717

755

823

688

600

590

345

466

285

274

145

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense

1,525

1,077

1,625

1,798

1,014

1,497

1,465

1,616

668

792

808

781

735

859

709

896

822

934

807

867

723

775

406

472

381

124

401

305

300

-62

309

328

330

317

293

391

334

Total noninterest expense

14,559

14,362

15,405

19,454

14,857

18,425

16,396

25,140

23,151

11,848

11,637

11,215

10,500

9,282

9,880

9,861

9,676

10,386

11,600

8,440

7,835

8,891

4,961

5,349

4,493

3,731

3,707

3,049

2,752

2,980

2,659

2,638

2,546

2,790

2,212

2,643

2,503

INCOME BEFORE INCOME TAXES

2,887

7,780

6,235

2,631

5,427

351

5,411

-3,068

-7,419

1,877

2,731

3,234

2,510

1,486

2,750

2,569

1,434

714

-892

1,262

1,031

15,358

311

1,214

382

734

630

817

764

746

661

671

681

724

561

578

585

Income tax (benefit) expense

-456

1,880

1,598

543

1,171

206

1,432

-791

-1,744

-6

1,018

1,196

944

532

1,002

928

474

226

-106

471

382

6,185

75

477

116

177

223

303

281

307

273

276

282

371

224

227

241

NET INCOME

3,343

5,900

4,637

2,088

4,256

145

3,979

-2,277

-5,675

1,883

1,713

2,038

1,566

954

1,748

1,641

960

488

-786

791

649

9,173

236

737

266

557

407

514

483

439

388

395

399

353

337

351

344

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

109

57

33

31

31

31

32

31

32

31

32

31

33

69

145

157

157

157

172

115

82

82

Net income available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

954

1,748

1,532

903

455

-817

760

618

9,141

205

705

235

525

376

481

414

294

231

238

242

181

222

269

262

NET INCOME PER COMMON SHARE
Basic income per common share

0.18

0.32

0.24

0.11

0.22

0.12

0.21

-0.12

-0.43

0.19

0.17

0.21

0.18

0.14

0.25

0.22

0.13

-0.02

-0.13

0.16

0.15

2.25

0.05

0.17

0.06

0.13

0.09

0.12

0.10

0.07

0.06

0.09

0.09

0.07

0.08

0.10

0.10

Diluted

0.18

0.32

0.24

0.11

0.22

0.12

0.21

-0.12

-0.43

0.19

0.17

0.21

0.18

0.13

0.25

0.22

0.13

-0.01

-0.13

0.15

0.15

2.20

0.05

0.17

0.06

0.13

0.09

0.12

0.10

0.07

0.06

0.09

0.09

0.07

0.08

0.10

0.10