Level One Bancorp Inc. LEVL Income Statement

Level one bancorp inc. (LEVL)

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
Interest income
Securities:
Taxable
684	736	857	980	936	882	816	667	574	508	422	402	414
Tax-exempt
611	577	588	595	545	476	450	380	351	314	260	210	171
Federal funds sold and other
394	269	404	320	310	258	256	207	245	215	288	245	115
Total interest income
19,817	17,366	17,983	17,657	17,442	17,041	16,629	15,380	14,774	14,374	13,752	14,034	13,447
Interest Expense
Deposits
3,832	3,725	4,478	4,617	4,121	3,588	2,802	2,487	2,178	1,935	1,604	1,451	1,277
Borrowed funds
530	418	261	346	353	384	502	225	219	183	214	224	176
Subordinated notes
635	315	256	253	250	256	256	253	250	255	256	253	250
Total interest expense
4,997	4,458	4,995	5,216	4,724	4,228	3,560	2,965	2,647	2,373	2,074	1,928	1,703
Net interest income
14,820	12,908	12,988	12,441	12,718	12,813	13,069	12,415	12,127	12,001	11,678	12,106	11,744
Provision expense for loan losses
489	548	-16	429	422	-51	619	-710	554	956	194	68	198
Net interest income after provision for loan losses
14,331	12,360	13,004	12,012	12,296	12,864	12,450	13,125	11,573	11,045	11,484	12,038	11,546
Noninterest income
Service charges on deposits
634	633	627	662	625	641	655	618	642	-	607	718	-
Net gain (loss) on sales of securities
529	1,023	151	7	-7	-71	0	0	0	-	118	-	-
Net gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	58	-
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	-	580
Mortgage banking activities
2,588	2,092	2,352	2,316	1,120	936	754	404	236	438	548	413	299
Net gain (loss) on sale of commercial loans
-	-	-37	0	-	-	0	11	-	0	0	0	146
Other charges and fees
939	850	765	492	548	801	515	419	494	289	668	595	355
Total noninterest income
4,690	4,590	3,858	3,477	2,286	2,307	1,924	1,452	1,372	1,397	1,941	1,784	1,380
Noninterest expense
Salary and employee benefits
8,630	7,133	7,536	7,193	6,913	6,768	6,888	6,169	5,956	5,552	5,413	5,319	5,271
Occupancy and equipment expense
1,528	1,364	1,203	1,168	1,204	1,132	1,173	1,074	1,046	1,078	1,106	1,012	1,012
Professional service fees
392	596	465	385	362	441	494	471	266	631	603	540	540
Acquisition and due diligence fees
1,471	-	319	-	0	-	0	-	-	-	-	-	-
Marketing expense
222	264	379	288	176	336	264	291	142	162	289	232	247
Data processing expense
847	1,039	661	606	68	634	565	511	436	528	492	479	413
Printing and supplies expense
136	-437	78	104	595	98	127	112	104	106	137	121	113
Core deposit premium amortization
192	-	-	-	52	-	-	-	-	-	-	-	-
Other expense
1,144	1,168	898	1,423	998	975	943	1,077	1,185	1,135	1,291	1,148	1,081
Total noninterest expense
14,562	11,295	11,539	11,167	10,368	10,384	10,454	9,705	9,135	9,192	9,331	8,851	8,677
Income before income taxes
4,459	5,655	5,323	4,322	4,214	4,787	3,920	4,872	3,810	3,250	4,094	4,971	4,249
Income Tax Expense (Benefit)
349	975	914	767	747	836	665	860	642	2,317	1,259	1,650	1,497
Net Income (Loss) Attributable to Parent
4,110	4,680	4,409	3,555	3,467	3,951	3,255	4,012	3,168	933	2,835	3,321	2,752
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.53	0.60	0.57	0.46	0.45	0.51	0.42	0.54	0.48	0.15	0.44	0.52	0.43
Diluted earnings per common share (in dollars per share)
0.53	0.60	0.56	0.45	0.44	0.50	0.41	0.53	0.47	0.14	0.43	0.50	0.42
Cash dividends declared per common share (in dollars per share)
0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	-	0.00	0.00	-
Weighted Average Number of Shares Outstanding, Basic
7,637	7,406	7,721	7,741	7,751	7,763	7,749	7,456	6,539	6,400	6,392	6,391	6,368
Weighted Average Number of Shares Outstanding, Diluted
7,738	7,603	7,752	7,856	7,869	7,883	7,901	7,613	6,699	6,621	6,609	6,606	6,602
Originated
Loans, including fees
14,039	14,304	14,633	14,125	13,894	13,412	12,653	11,833	11,178	-	-	-	-
Acquired
Loans, including fees
4,089	1,480	1,501	1,637	1,757	2,013	2,454	2,293	2,426	-	-	-	-