MALVERN BANCORP, INC. MLVF Income Statement

Malvern bancorp, inc. (MLVF)

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
Interest and Dividend Income
Loans, including fees
10,587	10,881	11,403	11,415	10,661	10,095	10,041	9,380	8,740	8,701	8,915	8,246	7,367	6,313	5,980	5,560	5,121	4,545	4,128	4,028	4,126	4,202	4,288	4,476	4,445	4,527	4,707	4,931	5,001	5,533	5,694	5,894	6,031	6,427
Investment securities, taxable
231	215	222	259	250	251	262	300	302	230	197	422	470	472	511	643	795	875	922	859	778	514	486	519	549	555	546	504	366	329	354	387	427	432
Investment securities, tax-exempt
34	39	40	49	57	61	60	61	65	65	70	100	159	163	174	192	190	195	217	172	96	37	8	29	54	54	62	57	57	52	41	23	6	4
Dividends, restricted stock
182	188	177	159	158	133	134	130	134	69	65	64	64	64	68	65	63	54	67	65	142	37	36	54	19	14	9	2	3	5	-	1	-	-
Interest-bearing cash accounts
550	472	844	574	475	372	120	327	463	446	282	141	115	93	84	70	41	18	10	15	24	23	14	13	12	15	36	34	36	31	-	16	-	-
Dividends, restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0
Interest-bearing cash accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9
Total Interest and Dividend Income
11,584	11,795	12,686	12,456	11,601	10,912	10,617	10,198	9,704	9,511	9,529	8,973	8,175	7,105	6,817	6,530	6,210	5,687	5,344	5,139	5,166	4,813	4,832	5,091	5,079	5,165	5,360	5,528	5,463	5,950	6,108	6,321	6,474	6,872
Interest Expense
Deposits
3,623	3,737	4,083	3,926	3,395	2,944	2,559	2,304	2,182	2,155	1,843	1,645	1,424	1,324	1,232	1,180	1,161	964	870	843	859	859	923	980	999	1,067	1,145	1,200	1,417	1,517	1,561	1,589	1,689	1,853
Short-term borrowings
-	-	0	0	2	5	14	13	22	19	22	1	11	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
785	787	802	686	572	633	552	539	546	563	561	545	528	542	564	570	549	512	495	458	471	393	292	285	262	263	-	-	-	430	-	427	428	-
Subordinated debt
383	383	-	-	383	383	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Debt
-	-	-	383	-	-	-	366	386	392	396	383	221	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	426	421	-	-	-	-	-
Long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	434
Total Interest Expense
4,791	4,907	5,268	4,995	4,352	3,965	3,508	3,222	3,136	3,129	2,822	2,574	2,184	1,866	1,796	1,750	1,710	1,476	1,365	1,301	1,330	1,252	1,215	1,265	1,261	1,330	1,533	1,626	1,838	1,947	1,992	2,016	2,117	2,287
Net Interest Income
6,793	6,888	7,418	7,461	7,249	6,947	7,109	6,976	6,568	6,382	6,707	6,399	5,991	5,239	5,021	4,780	4,500	4,211	3,979	3,838	3,836	3,561	3,617	3,826	3,818	3,835	3,827	3,902	3,625	4,003	4,116	4,305	4,357	4,585
Provision for Loan Losses
625	2,150	0	56	870	1,453	-	589	240	-	489	645	997	660	100	472	375	0	0	0	0	90	183	0	0	80	9,980	-190	1,045	400	-	335	325	-
Provision (Credit) for Loan Losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300
Net Interest Income after Provision for Loan losses
6,168	4,738	7,418	7,405	6,379	5,494	6,984	6,387	6,328	6,382	6,218	5,754	4,994	4,579	4,921	4,308	4,125	4,211	3,979	3,838	3,836	3,471	3,434	3,826	3,818	3,755	-6,153	4,092	2,580	3,603	3,666	3,970	4,032	4,885
Other Income
Service charges and other fees
604	259	366	252	238	940	230	530	237	271	-	233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and other fees
-	-	-	-	-	-	-	-	-	-	-	-	274	223	-	227	227	211	169	286	264	270	235	230	224	258	266	244	208	331	211	218	261	207
Rental income
55	54	59	53	64	67	72	63	67	66	66	51	55	55	56	55	50	50	60	61	64	64	64	63	64	64	63	62	63	63	61	59	67	66
Net gains on sale of investments
180	-	-	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sale of investments
-	-	-	-	-	-	-	-	-	-	-	374	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sale of real estate
-	-	-	-	-	-	0	0	0	1,186	-	0	0	0	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	229	61	131	78	145	266	26	0	69	0	14	-24	293	183	27	88	40	168	455
Net gains on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-	-	-	-	-	-
Net gains on sale of loans
0	3	0	0	19	18	6	3	26	67	48	31	30	45	26	20	36	34	47	16	20	19	13	283	29	27	34	-314	22	164	-	-	0	0
Earnings on bank-owned life insurance
125	127	125	122	120	121	121	119	119	121	125	125	125	130	130	128	127	132	285	132	131	132	134	140	140	145	146	160	148	722	126	134	132	134
Total Other Income
964	443	551	454	441	1,146	429	715	449	1,711	532	814	542	453	615	659	501	558	639	640	745	511	446	744	457	508	485	444	624	1,307	-	451	-	-
Other Expenses
Total Other Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	628	862
Salaries and employee benefits
2,271	2,125	2,097	2,223	2,213	2,008	2,178	2,024	2,001	1,990	1,725	1,873	1,804	1,712	1,669	1,600	1,522	1,499	1,387	1,333	1,550	1,728	1,636	1,995	2,072	2,067	2,111	1,900	1,947	1,848	1,740	1,689	1,723	1,589
Occupancy expense
591	582	580	560	577	539	570	577	586	562	543	533	514	494	472	469	456	423	419	407	465	424	415	571	589	516	500	516	529	482	520	520	540	508
Federal deposit insurance premium
3	-3	-	-	73	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal deposit insurance premium
-	-	-	78	-	-	71	76	75	76	71	78	91	4	107	40	232	200	230	203	184	167	183	184	177	191	208	211	220	217	210	204	221	232
Advertising
32	22	17	30	30	30	30	30	38	54	25	67	73	51	50	26	25	30	40	54	60	85	86	101	216	158	117	158	282	180	137	159	236	186
Data processing
272	278	260	259	251	254	279	274	267	278	284	308	301	302	283	278	270	297	321	312	301	302	312	295	308	330	316	321	313	319	323	319	326	294
Professional fees
502	441	440	405	455	499	565	1,088	450	788	473	621	399	401	507	415	361	400	430	364	434	343	567	463	690	485	485	456	451	364	280	279	459	455
Other real estate owned expense, net
-1	71	113	30	28	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pennsylvania shares tax
170	170	-	-	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned (income) expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	32	-59	-36	-470	74	84	13	629	364	220	425	206	495	450	185
Other operating expenses
798	736	606	912	724	674	744	721	688	723	864	506	596	606	651	550	486	577	610	568	638	648	840	496	564	436	545	510	630	458	511	452	458	487
Total Other Expenses
4,638	4,422	4,453	4,497	4,443	4,094	4,437	4,790	4,105	4,471	3,813	3,986	3,778	3,570	3,759	3,378	3,360	3,425	3,454	3,273	3,573	3,661	3,569	4,179	4,700	4,196	6,454	4,436	4,592	4,293	3,927	4,117	4,413	3,936
Income before income tax expense
-	-	-	-	-	-	-	-	-	-	-	2,582	1,758	1,462	-	1,589	-	1,344	1,164	1,205	1,008	321	311	391	-425	67	-12,122	100	-1,388	617	-	304	-	-
Income before income tax expense
2,494	759	3,516	3,362	2,377	2,546	2,976	2,312	2,672	3,622	-	-	-	-	-	-	1,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
586	-26	817	706	411	535	334	69	654	3,219	982	863	588	489	-6,174	0	0	0	-970	0	0	0	-371	0	1	3	6,648	-41	-543	-54	-	32	-	-
(Loss) Income before income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	1,811
Income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	560
Net Income
1,908	785	2,699	2,656	1,966	2,011	2,642	2,243	2,018	403	1,955	1,719	1,170	973	7,951	1,589	1,266	1,344	2,134	1,205	1,008	321	682	391	-426	64	-18,770	141	-845	671	217	272	219	1,251
Earnings Per Common Share:
Basic
0.25	0.10	0.34	0.35	0.26	0.27	0.41	0.35	0.31	0.06	0.30	0.27	0.18	0.15	1.24	0.25	0.20	0.21	0.33	0.19	0.16	0.05	0.11	0.06	-0.07	0.01	-3.22	0.02	0.13	0.11	0.04	0.04	0.03	0.20
Diluted
0.25	0.10	0.34	0.35	0.26	0.27	0.41	0.35	0.31	0.06	0.30	0.27	0.18	0.15	1.45	0.25	0.20	0.00	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Common Shares Outstanding:
Basic
7,663	7,665	7,662	7,669	7,667	7,555	6,477	6,453	6,448	6,445	6,436	6,443	6,427	6,418	6,414	6,411	6,408	6,402	-	6,395	6,391	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
7,663	7,665	7,663	7,670	7,667	7,555	6,479	6,456	6,452	6,450	6,436	6,445	6,427	6,419	12,817	6,411	6,408	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Declared Per Share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	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	-	-	0.00	0.00	-