LIMESTONE BANCORP, INC. LMST Income Statement

Limestone bancorp, inc. (LMST)

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	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
11,611	10,763	10,671	10,465	10,254	9,919	9,539	9,094	8,790	8,373	8,021	7,643	7,829	7,501	7,699	7,455	7,882	7,755	7,895	7,846	7,755	7,996	8,201	8,572	8,321	8,763	9,265	9,954	10,033	11,920	12,797	13,689	14,512	15,328	16,652	17,589	18,110	19,293	19,771
Taxable securities
1,467	1,535	1,553	1,608	1,573	1,494	1,245	1,198	943	1,029	1,088	1,168	1,114	991	956	950	989	954	986	1,010	1,126	1,292	1,265	1,215	1,173	1,091	900	848	867	858	837	797	841	840	987	1,139	1,042	1,689	1,999
Tax exempt securities
70	69	76	88	93	96	95	96	96	139	143	144	145	145	153	158	164	184	187	190	203	229	231	235	241	242	239	231	221	221	220	196	250	297	298	268	260	212	215
Federal funds sold and other
119	170	185	215	266	232	241	197	186	176	194	179	137	144	123	142	150	132	111	121	119	119	117	144	162	163	139	135	137	176	133	130	152	172	166	202	204	146	141
Interest and Dividend Income, Operating, Total
13,267	12,537	12,485	12,376	12,186	11,741	11,120	10,585	10,015	9,717	9,446	9,134	9,225	8,781	8,931	8,705	9,185	9,025	9,179	9,167	9,203	9,636	9,814	10,166	9,897	10,259	10,543	11,168	11,258	13,175	13,987	14,812	15,755	16,637	18,103	19,198	19,616	21,340	22,126
Interest expense
Deposits
2,772	3,000	3,105	2,965	2,587	2,426	2,130	1,649	1,344	1,313	1,324	1,309	1,244	1,243	1,262	1,280	1,308	1,385	1,476	1,607	1,692	1,942	2,245	2,319	2,361	2,430	2,443	2,560	2,704	3,329	3,568	3,726	4,000	4,549	4,966	5,272	5,360	5,890	6,543
Federal Home Loan Bank advances
220	142	132	255	281	262	233	216	156	56	13	20	31	16	17	18	19	21	23	24	27	28	31	32	33	35	38	41	43	46	50	54	57	118	138	139	142	498	500
Senior debt
56	58	77	98	96	97	98	98	96	97	97	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
215	233	251	258	263	252	247	236	211	200	193	185	175	171	159	173	168	141	158	155	152	154	153	153	152	154	157	157	154	163	169	168	171	164	156	157	155	170	159
Subordinated capital note
242	-	190	-	-	0	0	12	27	50	32	32	34	35	35	38	39	38	40	41	42	45	47	47	50	52	55	56	58	62	66	67	71	70	69	71	73	83	77
Federal funds purchased and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	-	0	1	1	1	2	1	2	1	1	2	2	2	85	119	118	118	123	120
Interest Expense, Total
3,505	3,676	3,755	3,576	3,227	3,037	2,708	2,211	1,834	1,716	1,659	1,546	1,484	1,465	1,473	1,509	1,534	1,585	1,697	1,828	1,913	2,169	2,477	2,552	2,597	2,673	2,694	2,816	2,960	3,601	3,855	4,017	4,301	4,986	5,448	5,757	5,848	6,764	7,399
Net interest income
9,762	8,861	8,730	8,800	8,959	8,704	8,412	8,374	8,181	8,001	7,787	7,588	7,741	7,316	7,458	7,196	7,651	7,440	7,482	7,339	7,290	7,467	7,337	7,614	7,300	7,586	7,849	8,352	8,298	9,574	10,132	10,795	11,454	11,651	12,655	13,441	13,768	14,576	14,727
Provision for loan losses
1,050	-	-	-	-	-	-350	-150	-	-800	0	0	0	-550	-750	-600	-550	-	-2,200	0	-	800	0	6,300	0	0	250	0	450	7,000	25,500	4,000	3,750	35,800	8,000	13,700	5,100	5,000	6,600
Net interest income after provision for loan losses
8,712	8,861	8,730	8,800	8,959	8,704	8,762	8,524	8,181	8,801	7,787	7,588	7,741	7,866	8,208	7,796	8,201	9,740	9,682	7,339	7,290	6,667	7,337	1,314	7,300	7,586	7,599	8,352	7,848	2,574	-15,368	6,795	7,704	-24,149	4,655	-259	8,668	9,576	8,127
Non-interest income
Non-interest income revenue
156	113	133	119	136	-	301	115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	520	473	429	475	492	475	409	498	535	487	468	523	536	506	493	566	563	556	554	630	690	659	630	757	793
Bank card interchange fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	214	221	202	195	212	229	203	-	209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank owned life insurance
96	96	97	118	99	100	100	138	99	103	103	104	102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on sales and calls of investment securities
-	-	-	-5	-	-	-	-6	-	-	0	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank card interchange fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	205	161	-	174	196	172	171	180	199	177	-	168	-	-	-	-
Other real estate owned rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	149	256	-	380	372	357	226	5	18	7	3	54	230	112	179	180	24	37	-	-	-	-	-	-
Income from bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	101	119	96	-	65	-	-	-	-	-	-	75	75	305	79	-	79	79	-	-	-	-	-	-	-
Title insurance commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	-	22	31	38	39
Other real estate owned rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	-	-	-	-
Secondary market brokerage fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	32	76	76	83	130
Net gain on sales of loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	-	123	320	221	135	184
Net gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	0	203	70	0	199	1,497	0	46	2	44	-	24	703	-	-294	0	1,511	2,019	0	0	1,025	83	2,175	24
Gain on extinguishment of junior subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	883	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from fiduciary activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	517	374	261	291	251	255	237	246	255	226	273
Total impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	465
Other
210	166	181	166	181	411	390	178	183	207	266	205	252	233	240	190	205	17	178	290	230	-32	262	237	235	184	304	208	274	340	458	358	323	576	357	517	491	517	519
Noninterest Income, Total
1,724	1,654	1,534	1,446	1,284	1,672	1,509	1,347	1,251	1,642	1,324	1,246	1,192	1,570	1,105	1,152	1,391	1,224	2,210	1,565	2,696	1,158	1,057	949	915	957	1,167	2,148	1,647	1,406	1,721	3,018	3,445	1,481	1,700	2,865	1,787	3,931	1,497
Non-interest expense
Salaries and employee benefits
4,538	4,201	4,202	3,915	3,915	3,923	3,893	3,885	3,788	3,657	3,683	3,803	3,947	3,884	3,945	3,857	3,822	4,062	3,920	4,028	3,847	3,927	4,041	3,949	3,741	3,526	3,837	3,999	4,139	4,090	4,264	3,982	4,312	3,134	3,780	4,180	4,124	3,849	3,931
Occupancy and equipment
999	890	880	854	898	915	896	880	895	919	836	844	821	1,013	842	808	854	936	815	828	870	852	857	896	892	855	884	913	931	816	971	969	886	819	957	981	972	1,070	1,015
State franchise tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	537	537	537	-	496	592	592	482	582	582	582	543	543
Professional fees
208	171	254	179	165	201	186	222	205	202	232	241	303	317	374	492	385	572	620	714	979	531	361	484	289	484	503	499	406	286	776	567	356	429	329	354	280	239	292
Marketing expense
214	218	251	212	227	247	259	308	300	218	364	262	254	-	289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,131	2,932	733	-	560	-	-	-	-	-	-	-	-	-	-	-	17,029	22,109	1,367	2,163	3,854
FDIC insurance
-	0	0	103	108	118	118	139	182	357	356	357	342	202	442	493	523	539	539	564	570	590	571	571	540	511	578	650	639	571	559	832	873	830	930	855	855	855	706
Data processing expense
359	316	315	315	313	280	281	307	324	325	321	318	292	298	295	295	297	268	278	278	304	288	269	280	269	-	-	-	-	-	-	-	-	-	-	-	-	-	-
State franchise and deposit tax
360	265	315	315	315	272	282	282	282	281	225	225	225	200	255	255	255	265	285	285	285	210	405	405	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit account related expense
451	333	300	310	281	170	213	221	219	250	222	219	205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense
16	35	25	142	166	278	271	237	82	1,881	111	-3	-16	257	322	294	668	-	-	-	-	-	-	774	662	-	669	1,657	791	2,883	5,204	1,205	1,257	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,794	-	-	-
Litigation and loan collection expense
65	77	32	34	46	83	61	48	53	58	78	40	3	8,230	222	271	82	246	321	291	283	348	858	1,249	539	734	531	2,407	1,035	704	792	586	360	520	802	925	262	191	182
Communications expense
218	-	-	-	190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180	177	179	175	187	175	168	180	169	176	165	168	179	173
Insurance expense
103	-	-	-	114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166	171	160	151	74	98	104	97	-	-	-	-	-	-
Postage and delivery
168	-	-	-	141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109	99	102	113	115	108	109	122	117	117	128	123	183	198
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	87	102	104	77
Other
536	-282	877	845	402	-708	770	876	839	-733	889	819	877	-1,428	934	1,171	1,205	-1,041	1,059	1,114	1,521	-1,038	1,359	1,196	1,145	260	482	706	647	363	707	548	612	800	628	599	560	573	542
Noninterest Expense, Total
8,235	8,314	7,451	7,224	7,281	7,322	7,230	7,405	7,169	9,072	7,317	7,125	7,253	16,074	7,920	7,936	8,091	11,565	12,968	11,034	9,392	11,848	9,281	9,804	8,502	9,049	8,468	11,809	9,564	10,833	14,150	9,662	9,647	14,696	25,423	54,759	9,395	9,949	11,513
Income before income taxes
2,201	2,201	2,813	3,022	2,962	3,054	3,041	2,466	2,263	1,371	1,794	1,709	1,680	-6,638	1,393	1,012	1,501	-601	-1,076	-2,130	594	-4,023	-887	-7,541	-287	-506	298	-1,309	-69	-6,853	-27,797	151	1,502	-37,364	-19,068	-52,153	1,060	3,558	-1,889
Income tax expense
361	437	531	-611	123	614	604	483	329	-31,899	0	0	0	0	0	0	21	-	0	0	-	-238	-38	-1,307	0	-	-	-	0	0	-65	0	0	18,591	-6,906	-12,164	261	1,137	-758
Net income
1,840	1,764	2,282	3,633	2,839	2,440	2,437	1,983	1,934	33,270	1,794	1,709	1,680	-6,638	1,393	1,012	1,480	-601	-1,076	-2,130	594	-3,785	-849	-6,234	-287	-506	298	-1,309	-69	-6,853	-27,732	151	1,502	-55,955	-12,162	-39,989	799	2,421	-1,131
Dividends and accretion on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	786	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	786	789	-	-	437	437	438	-	437	438	437	438	437	437	438	498	437
Accretion on Series A preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	45	45	-	44	45	45	44	45	44	44	44	44
Earnings allocated to participating securities
-	-	-	-	-	-	-	-	-	-	-	42	44	-	46	33	51	-385	-45	-91	185	4,111	-162	-693	-97	-113	-16	-110	-28	-187	-1,264	-13	35	6,041	-463	-1,510	12	88	2
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	1,667	1,636	-	1,347	979	1,429	-216	-1,031	-2,039	409	28,207	-1,473	-6,330	-976	-1,025	-168	-1,681	-524	-7,149	-26,949	-319	985	-54,318	-12,181	-38,960	305	1,791	-1,614
Basic and diluted income per common share (in dollars per share)
0.25	0.23	0.31	0.49	0.38	0.32	0.33	0.27	0.31	5.32	0.29	0.27	0.27	-1.12	0.22	0.17	0.27	-0.52	-0.04	-0.08	0.02	8.67	-0.12	-0.53	-0.08	-	-	-0.14	-0.04	-	-	-	-	-	-	-	-	-	-
Basic earnings (loss) per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-2.29	-0.03	0.08	-	-1.04	-3.33	0.03	0.16	-0.18
Diluted earnings (loss) per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-2.29	-0.03	0.08	-	-1.04	-3.33	0.03	0.15	-0.18
Deposit Account [Member]
Non-interest income revenue
668	681	633	571	496	588	608	591	568	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card [Member]
Non-interest income revenue
750	711	623	596	508	573	411	446	401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-