FIDELITY SOUTHERN CORP LION Income Statement

Fidelity southern corp (LION)

Income statement / Quarterly

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	Sep'10	Jun'10
Interest income:
Loans, including fees
43,865	45,233	44,746	42,845	39,849	40,065	37,290	37,560	36,083	36,935	38,481	35,244	32,945	31,493	28,462	26,382	25,289	25,376	24,690	24,801	21,797	22,646	23,900	22,949	23,944	23,129	23,724	22,902	22,738	22,396	21,258	21,153	21,891	22,068	21,754
Investment securities:
Taxable interest income
2,363	2,067	1,542	1,284	1,098	989	982	1,135	1,163	1,183	1,196	1,359	1,203	1,443	1,030	1,037	1,091	1,050	1,165	1,143	1,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Nontaxable interest income
81	75	104	70	77	26	29	35	45	58	72	85	77	80	78	83	94	192	18	101	102	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	978	911	1,028	-	1,208	1,189	1,506	1,783	1,592	1,889	1,513	1,602	2,673
Other
732	896	480	541	538	573	804	848	351	111	149	118	67	27	27	14	12	9	18	20	38	43	53	15	3	5	6	4	18	26	109	49	41	43	13
Total interest income
47,041	48,271	46,872	44,740	41,562	41,653	39,105	39,578	37,642	38,287	39,898	36,806	34,292	33,043	29,597	27,516	26,486	26,627	25,891	26,065	23,084	23,782	24,931	23,875	24,975	24,275	24,938	24,095	24,262	24,205	22,959	23,091	23,445	23,713	24,440
Interest expense:
Deposits
6,266	6,058	5,655	4,823	4,313	4,219	4,163	3,891	3,449	3,382	3,336	3,211	3,265	3,308	2,866	2,683	2,492	2,609	2,282	2,328	2,488	2,590	2,601	2,600	2,627	2,722	2,686	2,658	3,007	3,519	3,810	4,448	4,532	5,507	6,349
Short-term borrowings
935	990	818	1,812	910	18	16	502	392	474	345	311	294	133	179	161	177	130	163	69	44	47	84	273	406	882	454	253	174	173	168	169	175	185	381
Subordinated debt
1,698	1,665	1,652	1,633	1,571	1,542	1,532	1,439	1,567	1,496	1,454	1,441	1,439	1,456	1,415	658	276	279	282	277	275	282	716	868	867	881	1,090	1,132	1,139	1,129	1,122	1,122	1,121	1,138	1,123
Other long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	152	287	305	304	307	445	446	346
Total interest expense
8,899	8,713	8,125	8,268	6,794	5,779	5,711	5,832	5,408	5,352	5,135	4,963	4,998	4,897	4,460	3,502	2,945	3,018	2,727	2,674	2,807	2,919	3,401	3,741	3,900	4,028	4,248	4,195	4,607	5,126	5,404	6,046	6,273	7,276	8,199
Net interest income
38,142	39,558	38,747	36,472	34,768	35,874	33,394	33,746	32,234	32,935	34,763	31,843	29,294	28,146	25,137	24,014	23,541	23,609	23,164	23,391	20,277	20,863	21,530	20,134	21,075	20,247	20,690	19,900	19,655	19,079	17,555	17,045	17,172	16,437	16,241
Provision for loan losses
936	745	360	2,286	2,130	0	1,425	750	2,100	2,485	2,118	3,128	500	3,097	1,328	-182	108	556	1,859	566	-2,450	273	1,121	570	3,476	5,243	3,477	950	3,750	5,300	4,400	4,850	5,775	5,025	1,150
Net interest income after provision for loan losses
37,206	38,813	38,387	34,186	32,638	35,874	31,969	32,996	30,134	30,450	32,645	28,715	28,794	25,049	23,809	24,196	23,433	23,053	21,305	22,825	22,727	20,590	20,409	19,564	17,599	15,004	17,213	18,950	15,905	13,779	13,155	12,195	11,397	11,412	15,091
Noninterest income:
Bank service fees
4,549	-	4,528	-	4,437	-	4,643	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Indirect lending activities
706	689	1,120	1,270	2,148	2,566	1,901	3,640	4,426	3,466	2,388	4,782	4,264	3,774	4,037	5,031	5,979	3,847	6,303	3,631	4,676	2,030	2,583	2,781	1,646	1,477	2,164	1,610	1,163	1,581	1,600	1,524	1,186	1,200	1,161
SBA lending activities
1,324	3,440	914	1,217	1,157	581	1,460	681	1,818	1,330	1,202	1,893	1,234	1,477	1,494	1,364	930	1,305	1,479	1,359	844	492	647	1,417	1,084	715	2,107	1,269	853	1,871	756	3,604	2,232	951	734
Bank owned life insurance
-	-	-	-	-	-	-	-	-	458	968	494	454	952	496	500	492	304	313	755	301	308	326	326	313	323	330	332	322	336	326	333	320	324	330
Trust and wealth management fees
655	589	588	574	532	435	325	240	288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
432	-3,600	3,366	616	1,027	-1,168	1,162	52	1,657	354	545	24	1,081	872	1,236	2,714	1,070	1,348	1,397	1,844	1,046	1,807	2,407	1,562	2,373	3,013	5,634	951	1,013	2,212	411	384	266	419	477
Securities gains (losses)
-	-	-	-	-	-	-	-	-	-	296	200	82	-329	0	0	0	-	-	-	-	-	-	-	-	0	4	0	303	-	0	1,078	-	-	2,291
Gain on sale of ORE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185	-	-
Total noninterest income
23,946	31,079	33,662	36,977	37,133	28,888	33,638	35,056	37,370	47,143	39,325	29,971	24,886	28,536	30,619	36,695	32,038	24,717	27,908	23,318	19,377	17,748	25,844	28,239	25,047	26,178	27,094	17,034	17,655	15,681	9,978	14,094	11,686	11,561	11,248
Noninterest expense:
Salaries and employee benefits
27,812	28,941	28,805	28,215	27,561	25,745	26,331	25,852	25,438	26,829	24,224	22,576	23,055	20,581	17,800	19,668	18,822	17,926	17,022	15,973	16,085	14,661	14,424	14,278	14,282	9,513	12,394	11,076	14,849	1,947	11,652	11,641	10,822	11,729	10,021
Commissions
6,972	7,858	9,523	11,242	7,506	8,447	9,244	9,384	7,498	8,493	9,450	9,366	6,598	6,118	7,270	7,794	6,160	5,545	5,363	5,610	3,470	4,288	6,019	7,979	6,390	-	6,195	4,249	-	-	-	-	-	-	-
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,032	994	977	-	737	791	752	684	674
Occupancy and equipment
5,095	4,683	4,654	4,541	4,932	4,793	4,508	4,700	4,163	4,896	4,597	4,013	4,384	4,671	4,270	3,454	3,482	3,508	3,467	3,407	2,603	2,800	2,844	2,291	2,407	5,403	1,360	1,280	1,210	4,190	1,094	1,160	1,135	1,159	1,125
Professional and other services
4,366	3,894	4,243	4,635	4,798	4,620	4,604	5,052	4,067	3,539	4,053	3,600	4,032	8,986	1,083	1,102	948	1,069	963	943	922	712	754	805	760	503	739	641	619	522	541	532	563	471	475
Professional and other services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,992	2,081	2,141	-	1,474	-1,453	1,192	-1,279	-1,074
Cost of operation of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,776	1,702	1,737	-	1,316	1,793	2,458	1,412	2,358
FDIC insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	479	474	471	-	428	806	902	890	881
Other
9,230	10,737	8,360	10,219	9,945	9,305	8,150	9,563	9,406	10,413	9,843	8,570	8,489	2,741	9,626	9,147	9,223	8,597	8,895	7,810	9,576	10,079	10,061	7,806	8,685	22,718	4,357	3,572	3,346	19,629	3,173	2,707	2,651	2,355	2,215
Total noninterest expense
53,475	56,113	55,585	58,852	54,742	52,910	52,837	54,551	50,572	54,170	52,167	48,125	46,558	43,097	40,049	41,165	38,635	36,645	35,710	33,743	32,656	32,540	34,102	33,159	32,524	32,654	31,324	26,069	25,350	23,649	20,415	20,883	20,475	19,979	18,823
Income before income tax expense
7,677	13,779	16,464	12,311	15,029	11,852	12,770	13,501	16,932	23,423	19,803	10,561	7,122	10,488	14,379	19,726	16,836	11,125	13,503	12,400	9,448	5,798	12,151	14,644	10,122	8,528	12,983	9,915	8,210	5,811	2,718	5,406	2,608	2,994	7,516
Income tax expense
1,564	3,855	3,722	2,921	3,262	-591	4,836	4,609	6,405	8,358	7,288	3,916	2,581	3,711	5,162	7,275	6,146	3,912	4,701	4,442	3,385	1,937	4,298	5,211	3,631	3,088	4,816	3,511	2,894	1,979	608	1,792	766	913	2,647
Net Income (Loss) Attributable to Parent
6,113	9,924	12,742	9,390	11,767	12,443	7,934	8,892	10,527	15,065	12,515	6,645	4,541	6,777	9,217	12,451	10,690	7,213	8,802	7,958	6,063	3,861	7,853	9,433	6,491	5,440	8,167	6,404	5,316	3,832	2,110	3,614	1,842	2,081	4,869
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	817	823	823	824	823	823	823	824	823	823	823	823	823
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,861	7,036	8,610	5,668	4,616	7,344	5,581	4,493	3,008	1,287	2,791	1,019	1,258	4,046
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.22	0.35	0.47	0.35	0.44	0.46	0.30	0.34	0.40	0.59	0.48	0.26	0.19	0.28	0.41	0.58	0.50	0.35	0.41	0.37	0.28	0.13	0.33	0.52	0.37	0.29	0.49	0.38	0.31	0.19	0.09	0.23	0.09	0.12	0.38
Diluted (in dollars per share)
0.22	0.37	0.47	0.34	0.43	0.46	0.30	0.33	0.40	0.58	0.48	0.26	0.18	0.26	0.39	0.54	0.45	0.30	0.38	0.34	0.26	0.12	0.30	0.46	0.33	0.26	0.44	0.34	0.28	0.18	0.08	0.20	0.08	0.10	0.33
Cash dividends paid per common share (in dollars per share)
-	-	0.12	0.12	-	-	0.12	0.12	0.12	-	0.12	0.12	0.12	-	0.10	0.10	0.09	-	0.09	0.08	0.04	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income/(loss), net of tax:
Change in net unrealized gains/(losses) on available-for-sale debt securities, net of tax effect of $1,217 and ($365), respectively
3,652	3,255	-1,174	-465	-1,094	-581	5	260	7	-2,210	-279	647	1,348	-1,362	230	-757	415	447	-437	1,198	638	-	-	-	-169	-	-	-	-	-	-	-	-	-	-
Adjustment for net (gains)/losses included in net income, net of tax (expense)/benefit of $0, $0, and ($220)
-	-	-	-	-	-	-	-	-	-1	184	124	51	-204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
6,113	9,924	12,742	9,390	11,767	12,443	7,934	8,892	10,527	-	12,515	6,645	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,110	3,614	1,842	2,081	4,869
Change in net unrealized gains/(losses) on securities for the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	-3,066	-	-	-	-	-	-	-	-	-	-	-
Less: Income tax expense (benefit) related to items of other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	152	-1,165	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income/(loss), net of tax
3,652	3,255	-1,174	-465	-1,094	-581	5	260	7	-2,209	-463	523	1,297	-1,158	230	-757	415	447	-437	1,198	638	-	248	-1,901	-	-697	360	581	-409	736	1,694	1,085	-263	-	-
Comprehensive income
9,765	13,179	11,568	8,925	10,673	11,862	7,939	9,152	10,534	12,856	12,052	7,168	5,838	5,619	9,447	11,694	11,105	7,660	8,365	9,156	6,701	3,106	8,101	7,532	6,322	4,743	8,527	6,985	4,907	4,568	3,804	4,699	1,579	-	-
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax
-	-	-	-	-	-	-	-	-	-	-112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstandingbasic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,857	14,737	14,527	16,954	13,831	12,295	11,194	10,819	10,776
Weighted average shares outstandingdiluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,825	16,541	16,002	18,031	15,294	13,861	12,824	12,118	12,258
Service charges on deposit accounts
Bank service fees
1,785	1,797	1,690	1,468	1,472	1,530	1,553	1,481	1,455	1,608	1,530	1,433	1,370	1,447	1,230	1,195	1,083	1,235	1,141	1,059	1,003	1,112	1,075	1,020	949	1,114	1,259	1,180	1,133	1,148	1,023	1,015	957	1,072	1,171
Other fees and charges
Bank service fees
2,309	2,374	2,464	2,449	2,235	2,342	2,197	2,006	1,857	1,835	2,305	1,858	1,666	1,537	1,327	1,274	1,166	1,189	1,140	1,100	920	1,012	997	975	887	883	841	852	784	684	676	672	581	553	559
Mortgage banking activities
Bank service fees
16,735	-	23,520	29,383	28,562	-	25,040	26,956	25,869	-	30,091	19,287	14,735	18,806	20,799	24,617	21,318	15,489	16,135	13,570	10,587	10,798	17,809	20,158	17,795	18,653	14,755	10,840	12,084	8,034	5,186	5,484	5,959	7,042	4,525