MBT Financial Corp MBTF Income Statement

Mbt financial corp (MBTF)

Income statement / Quarterly

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
Interest and fees on loans
9,714	9,571	9,492	9,164	8,736	8,217	8,132	8,095	7,709	7,364	7,513	7,538	7,179	7,035	7,201	7,225	7,154	7,432	7,096	7,255	7,021	7,079	7,364	7,605	7,599	7,902	8,277	8,696	8,938	9,139	9,342	10,026	9,992	10,352	11,587	11,642
Interest on investment securities-
Tax-exempt
171	296	408	415	443	404	356	327	306	310	317	316	303	305	290	278	273	275	279	288	297	307	309	313	310	323	329	341	355	380	346	346	351	372	426	476
Taxable
380	1,174	2,084	2,120	2,087	2,210	2,200	2,054	2,185	2,268	2,077	1,970	2,218	2,526	2,507	2,437	2,436	2,428	2,275	2,222	2,200	2,118	1,984	1,821	1,795	1,767	1,862	1,894	1,995	2,134	2,071	2,050	2,121	2,040	1,742	2,353
Interest on balances due from banks
2,213	1,209	138	193	58	125	102	182	101	109	112	171	162	117	41	24	14	26	16	32	22	32	15	25	37	69	50	56	46	43	39	44	30	38	34	28
Total interest income
12,478	12,250	12,122	11,892	11,324	10,956	10,790	10,658	10,301	10,051	10,019	9,995	9,862	9,983	10,039	9,964	9,877	10,161	9,666	9,797	9,540	9,536	9,672	9,764	9,741	10,061	10,518	10,987	11,334	11,696	11,798	12,466	12,494	12,802	13,789	14,499
Interest Expense
Interest on deposits
557	568	534	456	400	414	414	427	434	456	445	480	486	517	533	562	619	645	686	767	801	855	953	1,033	1,115	1,213	1,366	1,488	1,637	1,839	2,077	2,646	2,960	3,015	3,279	3,336
Interest on borrowed funds
64	64	135	219	91	6	3	0	3	0	0	0	132	176	178	178	177	174	178	178	187	186	190	192	537	804	836	878	913	929	897	864	956	1,018	1,089	1,975
Total interest expense
621	632	669	675	491	420	417	427	437	456	445	480	618	693	711	740	796	819	864	945	988	1,041	1,143	1,225	1,652	2,017	2,202	2,366	2,550	2,768	2,974	3,510	3,916	4,033	4,368	5,311
Net Interest Income
11,857	11,618	11,453	11,217	10,833	10,536	10,373	10,231	9,864	9,595	9,574	9,515	9,244	9,290	9,328	9,224	9,081	9,342	8,802	8,852	8,552	8,495	8,529	8,539	8,089	8,044	8,316	8,621	8,784	8,928	8,824	8,956	8,578	8,769	9,421	9,188
Provision For (Recovery Of) Loan Losses
-	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery Of Loan Losses
-	-	0	0	0	-100	-500	0	0	-200	-	-700	-200	-	-2,000	-200	0	-800	-	-700	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision For (Recovery Of) Loan Losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	200	400	1,500	2,500	1,550	1,050	2,250	2,500	2,700	2,850	5,750	7,464	3,750
Net Interest Income After Net Interest Income After Recovery Of Loan Losses
11,857	11,618	11,453	11,217	10,833	10,636	10,873	10,231	9,864	9,795	10,574	10,215	9,444	9,590	11,328	9,424	9,081	10,142	8,802	9,552	8,452	8,395	8,429	8,339	7,689	6,544	5,816	7,071	7,734	6,678	6,324	6,256	5,728	3,019	1,957	5,438
Other Income
Net loss on sales and redemptions of securities available for sale
0	-11,646	-621	-91	-1	-101	-773	150	67	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management income
-	-	-	-	-	-	-	-	-	-	-	1,145	1,105	1,097	1,152	1,163	1,191	1,222	1,253	1,194	1,168	1,134	-	1,078	1,081	-	-	-	-	-	-	-	-	-	-	-
Service charges and other fees
-	-	-	-	-	-	-	-	-	-	-	1,118	1,016	1,008	1,115	1,134	1,030	894	1,025	1,054	968	932	-	1,128	1,058	-	-	-	-	-	-	-	-	-	-	-
Income from wealth management services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,097	-	1,063	828	968	964	972	996	987	936	1,141
Service charges and other fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,042	-	1,177	1,125	1,090	-	-	-	-	-	-
Debit card income
-	-	-	-	-	-	-	-	-	-	-	721	735	674	689	594	591	564	586	557	542	489	511	513	530	478	-	490	514	-	-	-	-	-	-	-
Service charges and other fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,226	1,179	1,117	1,413	1,301
Net (loss) gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	87	1,752	320	124	16	22	236	90	-1,020	219	57	118	142	154	10	41	99	40	1,100	433	555	29	67	183	2,791
Collection expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	98	62	52	47	57	77	67	102
Net gain on sales of Other Real Estate Owned
4	9	6	0	517	19	67	7	-62	-34	-24	-4	-1	-56	-	-	-	-	18	-634	-342	12	-103	-632	-747	40	-206	-373	-230	-269	-618	-818	-884	-1,241	-1,076	-954
Origination fees on mortgage loans sold
-	-	-	-	-	-	-	-	-	-	-	149	136	130	129	184	137	129	148	80	88	62	96	133	184	289	278	298	204	122	211	102	86	83	189	137
Bank owned life insurance income
851	338	359	350	349	353	848	377	412	341	356	352	362	355	362	358	362	271	354	357	351	354	349	363	364	390	380	375	333	370	2,400	405	390	412	693	450
Other real estate owned rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	465	36	-21	-263	72	99	130	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	147	-145	-	-	-	-	-	-	-	-	-	-
Other
634	659	491	680	527	600	460	464	497	622	443	471	450	586	167	493	493	572	434	438	460	489	438	412	471	537	-343	521	520	1,027	-699	1,059	1,178	997	967	999
Total other income (loss)
4,459	-7,887	3,313	4,040	4,403	3,784	3,657	4,035	4,370	3,820	3,805	4,039	5,555	4,114	3,919	3,978	3,805	3,625	3,980	2,125	3,584	3,664	3,735	3,484	3,242	4,028	3,095	4,023	3,564	4,677	6,390	4,319	3,858	3,663	4,381	6,819
Other Expenses
Salaries and employee benefits
5,305	6,064	5,630	5,381	5,371	5,962	5,380	5,313	5,273	5,434	5,912	5,514	5,399	5,618	5,777	5,694	5,750	5,874	6,075	5,631	5,804	5,728	5,673	5,310	5,214	5,323	5,185	5,069	4,953	5,106	4,864	4,878	4,884	4,849	4,717	4,652
Occupancy expense
654	729	672	660	620	721	701	694	682	748	728	668	633	701	696	648	606	820	696	626	670	744	-	737	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	722	687	-	707	626	725	857	781	688	777	686	703
Equipment expense
896	913	881	881	874	793	855	783	791	697	738	731	726	684	794	708	790	734	725	723	662	617	655	650	674	700	689	677	746	803	777	722	748	694	780	797
Marketing expense
189	292	356	389	467	377	361	375	302	284	319	280	286	259	283	267	308	246	199	225	212	203	177	180	205	163	177	151	175	198	154	214	235	246	230	256
Professional fees
459	843	1,149	550	592	594	560	570	620	589	471	459	556	652	523	481	550	576	512	681	521	418	387	527	550	501	617	534	524	588	644	540	594	699	549	508
EFT/ATM expense
297	291	316	297	288	259	259	256	259	248	241	235	237	309	246	109	118	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Real Estate Owned expenses
4	22	39	25	21	15	22	33	30	32	19	35	30	64	8	59	179	126	160	187	361	339	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	293	374	238	350	439	469	650	586	564	308	564	601
FDIC Deposit Insurance Assessment
91	89	95	97	92	107	107	107	107	107	28	179	191	169	175	212	429	414	414	275	620	640	695	695	694	689	677	694	694	679	693	618	790	846	1,029	611
Bonding and other insurance expense
73	429	131	129	137	132	119	120	125	122	123	118	214	122	206	203	227	230	258	258	255	264	-	267	266	-	-	-	-	-	-	-	-	-	-	-
Telephone expense
78	80	91	84	74	75	83	83	103	116	101	95	91	126	105	113	109	95	119	108	104	143	-	212	-	-	-	-	-	-	-	-	-	-	-	-
Bonding and other insurance expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	269	-	-	-	-	-	-	-	-	-	-
Telephone expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	113	-	-	-	-	-	-	-	-	-	-
Debt prepayment penalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,492
Other
495	558	541	663	650	757	668	616	716	685	589	660	509	779	672	672	664	614	476	648	582	603	766	591	687	639	-232	1,106	1,137	1,113	835	739	925	987	978	953
Total other expenses
8,541	10,310	9,901	9,156	9,186	9,792	9,115	8,950	9,008	9,062	9,269	8,974	8,872	9,483	9,485	9,166	9,730	9,819	9,815	9,362	9,791	9,699	9,842	9,331	9,435	9,458	8,293	9,689	9,622	10,012	11,783	9,943	10,369	10,724	10,676	12,629
Income Before Income Taxes
7,775	-6,579	4,865	6,101	6,050	4,628	5,415	5,316	5,226	4,553	5,110	5,280	6,127	4,221	5,762	4,236	3,156	3,948	2,967	2,315	2,245	2,360	2,322	2,492	1,496	1,114	618	1,405	1,676	1,343	931	632	-783	-4,042	-4,338	-
Loss Before Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-372
Income Tax Expense
1,438	-1,438	987	1,127	1,105	726	5,559	1,383	1,586	1,373	1,532	1,593	1,888	1,224	1,748	1,230	871	1,171	818	603	558	593	682	-18,795	0	0	-5,069	17	1,423	126	500	0	0	0	0	0
Net Income
6,337	-5,141	3,878	4,974	4,945	3,902	-144	3,933	3,640	3,180	3,578	3,687	4,239	2,997	4,014	3,006	2,285	2,777	2,149	1,712	1,687	1,767	1,640	21,287	1,496	1,114	5,687	1,388	253	1,217	431	632	-783	-4,042	-4,338	-372
Other Comprehensive Income - Net of Tax
Unrealized gains (losses) on securities
1,012	387	3,306	-1,972	-643	-4,204	-1,997	-679	1,983	1,787	-9,224	-883	2,049	4,327	-3,502	4,177	-3,760	2,941	1,880	-649	3,443	3,559	-2,878	463	-8,354	-546	-877	894	559	-405	-	1,586	3,259	-	-	-
Reclassification adjustment for losses included in net income
0	-9,200	-492	-71	-1	-80	-511	99	44	7	-5	58	1,156	211	82	10	15	156	59	-673	144	38	78	94	102	6	-	66	26	-	-	-	-	-	-	-
Reclassification adjustment for gains included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-726	-	-367	-19	-	-	-
Postretirement benefit liability
-11	-366	-822	-31	-32	-32	450	-27	-26	-27	100	-27	-26	-27	-608	-27	-26	-27	185	-26	-27	293	-706	-31	-30	-31	522	-52	-52	-52	-	-53	-51	-	-	-
Effect of accounting change on equity securities
-	-	-	-	-	-49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Comprehensive Income (Loss) - Net of Tax
1,023	9,953	-	-	-610	-4,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Comprehensive Income (Loss) - Net of Tax
-	-	-	-1,870	-	-	-	-751	1,965	1,807	-	-914	919	4,143	-2,976	4,194	-3,749	2,812	-	50	3,326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Comprehensive Income (Loss) - Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,228	-	400	-8,426	-521	-1,426	880	585	-1,079	-	1,272	3,291	-	-	-
Unrealized gains (losses) on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	498	-	-
Postretirement benefit liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52	-	-
Comprehensive Income
7,360	4,812	8,547	3,104	4,335	-239	-3,348	3,182	5,605	4,987	-5,741	2,773	5,158	7,140	1,038	7,200	-1,464	5,589	3,785	1,762	5,013	4,995	-610	21,687	-6,930	593	4,261	2,268	838	138	740	1,904	2,508	-3,492	-	-
Basic Earnings Per Common Share (in dollars per share)
0.27	-0.22	0.17	0.21	0.22	0.17	-0.01	0.17	0.16	0.14	0.16	0.16	0.19	0.13	0.18	0.13	0.10	0.12	0.09	0.08	0.08	0.08	0.10	1.19	0.08	0.06	0.33	0.08	0.01	0.07	0.02	0.04	-0.05	-0.23	-0.27	-0.02
Diluted Earnings Per Common Share (in dollars per share)
0.27	-0.22	0.18	0.21	0.21	0.17	-0.01	0.17	0.16	0.14	0.16	0.16	0.18	0.13	0.18	0.13	0.10	0.12	0.10	0.07	0.08	0.08	0.09	1.18	0.08	0.06	0.33	0.08	0.01	0.07	0.02	0.04	-0.05	-0.23	-0.27	-0.02
Dividends Declared Per Share of Common Stock (in dollars per share)
0.10	0.10	-	0.10	0.07	0.66	-	0.06	0.05	0.75	-	0.04	0.03	0.53	-	0.00	0.00	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Fiduciary and Trust [Member]
Noninterest income
1,197	1,161	-	-	1,178	1,185	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest income
1,197	1,161	-	-	1,178	1,185	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account [Member]
Noninterest income
855	822	-	-	955	946	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest income
855	822	-	-	955	946	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card [Member]
Noninterest income
799	701	-	-	786	720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest income
799	701	-	-	786	720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking [Member]
Noninterest income
119	69	-	-	92	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest income
119	69	-	-	92	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-