Limestone bancorp, inc. (LMST)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Loans, including fees

42,153

37,342

31,866

30,537

31,251

33,090

38,015

52,918

67,679

77,559

83,970

Taxable securities

6,269

4,880

4,399

3,886

4,076

4,945

3,706

3,333

4,008

7,338

8,971

Tax exempt securities

326

383

571

620

764

936

933

887

1,123

854

878

Federal funds sold and other

836

856

686

559

483

542

574

591

744

656

647

Interest and Dividend Income, Operating, Total

49,584

43,461

37,522

35,602

36,574

39,513

43,228

57,729

73,554

86,407

94,466

Interest expense
Deposits

11,657

7,549

5,190

5,093

6,160

8,867

10,137

14,623

20,147

25,392

35,088

Federal Home Loan Bank advances

810

867

120

70

95

124

157

207

537

2,015

3,691

Senior debt

329

389

194

-

0

-

-

-

-

-

-

Junior subordinated debentures

1,005

946

753

671

606

612

622

671

632

639

795

Subordinated capital note

433

39

148

147

161

189

221

266

283

311

362

Federal funds purchased and other

-

-

-

-

1

3

6

7

440

484

476

Interest Expense, Total

14,234

9,790

6,405

5,981

7,023

9,795

11,143

15,774

22,039

28,841

40,412

Net interest income

35,350

33,671

31,117

29,621

29,551

29,718

32,085

41,955

51,515

57,566

54,054

Provision for loan losses

-

-500

-800

-2,450

-4,500

7,100

700

40,250

62,600

30,100

14,200

Net interest income after provision for loan losses

35,350

34,171

31,917

32,071

34,051

22,618

31,385

1,705

-11,085

27,466

39,854

Non-interest income
Non-interest income revenue

501

660

666

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

1,851

1,988

2,058

2,239

2,609

2,984

3,112

Bank card interchange fees

-

-

-

-

839

765

718

-

-

-

-

Income from bank owned life insurance

410

437

412

417

295

-

-

-

-

-

-

Other real estate owned rental income

-

-

-

456

1,346

-

-

-

-

-

-

Net gain (loss) on sales and calls of investment securities

-5

-6

288

216

-

-

-

-

-

-

-

Bank card interchange fees

-

-

-

-

-

-

-

727

668

606

-

Other real estate owned rental income

-

-

-

-

-

256

399

420

200

121

-

Income from bank owned life insurance

-

-

-

-

-

276

534

312

314

-

-

Title insurance commissions

-

-

-

-

-

-

-

-

-

-

130

Secondary market brokerage fees

-

-

-

-

-

-

-

-

-

327

235

Net gain on sales of loans originated for sale

-

-

-

-

-

-

-

-

-

554

411

Net gain on sales of securities

-

-

-

-

1,766

92

723

3,236

1,108

5,152

315

Gain on extinguishment of junior subordinated debt

-

-

-

-

883

0

-

-

-

-

-

Income from fiduciary activities

-

-

-

-

-

-

517

1,177

993

987

875

Total impairment loss

-

-

-

-

-

-

-

-

-

597

-

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

0

0

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

-

-

597

-

Other

694

1,162

930

868

715

702

970

1,479

1,941

1,448

2,016

Noninterest Income, Total

5,918

5,779

5,404

5,218

7,695

4,079

5,919

9,590

7,833

11,582

7,094

Non-interest expense
Salaries and employee benefits

16,233

15,489

15,090

15,508

15,857

15,658

15,501

16,648

15,218

14,903

15,009

Occupancy and equipment

3,522

3,586

3,420

3,517

3,449

3,497

3,583

3,642

3,729

4,095

3,918

State franchise tax

-

-

-

-

-

-

-

-

2,228

2,172

1,800

Professional fees

769

814

978

1,568

2,885

1,665

1,892

1,985

1,392

1,067

901

Marketing expense

908

1,114

1,098

973

560

-

-

-

-

-

-

Other real estate owned expense

-

-

-

-

-

5,839

4,516

-

-

16,254

1,155

FDIC insurance

211

557

1,412

1,660

2,212

2,272

2,378

2,835

3,470

2,971

2,984

Data processing expense

1,259

1,192

1,256

1,185

1,128

1,106

184

96

-

-

-

State franchise and deposit tax

1,210

1,118

956

965

1,120

1,445

1,944

2,174

-

-

-

Deposit account related expense

1,224

823

896

787

-

-

-

-

-

-

-

Other real estate owned expense

368

868

1,973

1,541

12,302

-

-

10,549

47,525

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

23,794

-

-

Litigation and loan collection expense

189

245

179

8,805

1,141

2,994

4,707

2,442

2,509

908

369

Communications expense

772

701

722

706

663

752

711

710

678

737

729

Borrowing prepayment fees

-

-

-

-

-

-

-

-

486

-

-

Insurance expense

444

478

540

565

589

575

648

373

172

-

-

Postage and delivery

544

364

395

359

400

407

423

454

485

722

752

Acquisition costs

775

-

-

-

-

-

-

-

-

-

-

Advertising

-

-

-

-

-

563

308

154

-

408

492

Other

1,842

1,777

1,852

1,882

2,653

2,662

2,095

2,230

2,587

2,241

2,347

Noninterest Expense, Total

30,270

29,126

30,767

40,021

44,959

39,435

38,890

44,292

104,273

46,478

30,456

Income before income taxes

10,998

10,824

6,554

-2,732

-3,213

-12,738

-1,586

-32,997

-107,525

-7,430

16,492

Income tax expense

480

2,030

-31,899

21

0

-1,583

-

-65

-218

-3,046

5,424

Net income

10,518

8,794

38,453

-2,753

-3,213

-11,155

-1,586

-32,932

-107,307

-4,384

11,068

Dividends and accretion on preferred stock

-

-

-

-

-

2,362

2,079

1,929

-

-

-

Effect of exchange of preferred stock for common stock

-

-

-

-

-

36,104

-

-

-

-

-

Dividends on preferred stock

-

-

-

-

-

-

-

-

1,750

1,810

1,750

Accretion on Series A preferred stock

-

-

-

-

-

-

-

-

177

177

176

Earnings allocated to participating securities

-

-

-

-

-336

3,159

-267

-1,429

4,080

-184

97

Net income available to common shareholders

-

-

-

-

-2,877

19,428

-3,398

-33,432

-105,154

-6,187

9,045

Basic and diluted income per common share (in dollars per share)

1.41

1.23

6.15

-0.46

-0.62

7.94

-0.29

-2.85

-8.98

-

-

Basic earnings (loss) per common share

-

-

-

-

-

-

-

-

-

-0.60

1.00

Diluted earnings (loss) per common share

-

-

-

-

-

-

-

-

-

-0.60

1.00

Deposit Account [Member]
Non-interest income revenue

2,381

2,355

2,253

1,958

-

-

-

-

-

-

-

Debit Card [Member]
Non-interest income revenue

2,438

1,831

1,521

1,303

-

-

-

-

-

-

-