Level One Bancorp Inc. LEVL Income Statement

Level one bancorp inc. (LEVL)

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
Interest income
Securities:
Taxable
3,257	3,509	3,655	3,614	3,301	2,939	2,565	2,171	1,906	1,746	0	0	0
Tax-exempt
2,371	2,305	2,204	2,066	1,851	1,657	1,495	1,305	1,135	955	0	0	0
Federal funds sold and other
1,387	1,303	1,292	1,144	1,031	966	923	955	993	863	0	0	0
Total interest income
72,823	70,448	70,123	68,769	66,492	63,824	61,157	58,280	56,934	55,607	0	0	0
Interest Expense
Deposits
16,652	16,941	16,804	15,128	12,998	11,055	9,402	8,204	7,168	6,267	0	0	0
Borrowed funds
1,555	1,378	1,344	1,585	1,464	1,330	1,129	841	840	797	0	0	0
Subordinated notes
1,459	1,074	1,015	1,015	1,015	1,015	1,014	1,014	1,014	1,014	0	0	0
Total interest expense
19,666	19,393	19,163	17,728	15,477	13,400	11,545	10,059	9,022	8,078	0	0	0
Net interest income
53,157	51,055	50,960	51,041	51,015	50,424	49,612	48,221	47,912	47,529	0	0	0
Provision expense for loan losses
1,450	1,383	784	1,419	280	412	1,419	994	1,772	1,416	0	0	0
Net interest income after provision for loan losses
51,707	49,672	50,176	49,622	50,735	50,012	48,193	47,227	46,140	46,113	0	0	0
Noninterest income
Service charges on deposits
2,556	2,547	2,555	2,583	2,539	2,556	2,522	2,585	0	-	0	0	-
Net gain (loss) on sales of securities
1,710	1,174	80	-71	-78	-71	118	0	0	-	0	-	-
Net gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	0	-
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	-	0
Mortgage banking activities
9,348	7,880	6,724	5,126	3,214	2,330	1,832	1,626	1,635	1,698	0	0	0
Net gain (loss) on sale of commercial loans
-	-	0	0	-	-	0	0	-	146	0	0	0
Other charges and fees
3,046	2,655	2,606	2,356	2,283	2,229	1,717	1,870	2,046	1,907	0	0	0
Total noninterest income
16,615	14,211	11,928	9,994	7,969	7,055	6,145	6,162	6,494	6,502	0	0	0
Noninterest expense
Salary and employee benefits
30,492	28,775	28,410	27,762	26,738	25,781	24,565	23,090	22,240	21,555	0	0	0
Occupancy and equipment expense
5,263	4,939	4,707	4,677	4,583	4,425	4,371	4,304	4,242	4,208	0	0	0
Professional service fees
1,838	1,808	1,653	1,682	1,768	1,672	1,862	1,971	2,040	2,314	0	0	0
Acquisition and due diligence fees
0	-	0	-	0	-	0	-	-	-	-	-	-
Marketing expense
1,153	1,107	1,179	1,064	1,067	1,033	859	884	825	930	0	0	0
Data processing expense
3,153	2,374	1,969	1,873	1,778	2,146	2,040	1,967	1,935	1,912	0	0	0
Printing and supplies expense
-119	340	875	924	932	441	449	459	468	477	0	0	0
Core deposit premium amortization
0	-	-	-	0	-	-	-	-	-	-	-	-
Other expense
4,633	4,487	4,294	4,339	3,993	4,180	4,340	4,688	4,759	4,655	0	0	0
Total noninterest expense
48,563	44,369	43,458	42,373	40,911	39,678	38,486	37,363	36,509	36,051	0	0	0
Income before income taxes
19,759	19,514	18,646	17,243	17,793	17,389	15,852	16,026	16,125	16,564	0	0	0
Income Tax Expense (Benefit)
3,005	3,403	3,264	3,015	3,108	3,003	4,484	5,078	5,868	6,723	0	0	0
Net Income (Loss) Attributable to Parent
16,754	16,111	15,382	14,228	14,685	14,386	11,368	10,948	10,257	9,841	0	0	0
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
57,101	56,956	56,064	54,084	51,792	49,076	0	0	0	-	-	-	-
Acquired
Loans, including fees
8,707	6,375	6,908	7,861	8,517	9,186	0	0	0	-	-	-	-