MMA CAPITAL HOLDINGS, INC. MMAC Income Statement

Mma capital holdings, inc. (MMAC)

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
Interest on bonds
468	470	481	1,582	1,043	2,005	2,178	2,709	2,538	2,311	2,288	2,576	2,831	3,288	4,431	3,605	3,705	3,449	3,694	4,084	4,767	5,490	5,448	2,845	5,305	-	4,381	-	-	-	-	-	-	-	-	-	-	-	-
Interest on loans and short-term investments
91	1,850	1,701	1,295	935	898	802	923	739	183	94	218	334	983	1,201	900	451	443	396	803	741	-	208	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest income
559	2,320	2,182	2,877	1,978	2,903	2,980	3,632	3,277	2,128	2,194	2,358	2,497	2,305	3,230	2,705	3,254	3,006	3,298	3,281	4,026	-	5,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,858	15,938	15,604	16,225	16,879	17,083	17,874	22,360	20,070	21,863	22,740	23,186
Asset related interest expense
Bond related debt
0	0	0	191	237	582	630	673	611	510	471	444	411	443	404	335	295	313	318	379	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-bond related debt
0	44	51	56	62	61	0	0	0	-	-	-	-	35	181	217	254	417	305	132	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bond related debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-bond related debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
0	44	51	247	299	643	630	673	611	510	471	444	411	478	585	552	549	730	623	511	474	446	526	945	1,203	2,038	2,199	13,726	6,289	6,580	6,547	6,675	6,857	-7,647	13,846	14,229	15,098	15,918	16,606
Net interest income
559	2,276	2,131	2,630	1,679	2,260	2,350	2,959	2,666	1,801	1,817	2,132	2,420	2,810	3,846	3,053	3,156	2,719	3,071	3,573	4,293	5,044	4,922	1,900	4,102	713	2,182	1,132	9,649	9,024	9,678	10,204	10,226	-	-	-	-	-	-
Non-interest income
Weighted-average common shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,606	40,490
Net gains related to CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	853	-	-	-	-752	12,627	-1,461	4,813	3,661	3,837	9,165	19,962	8,612	-4,608	14,740	-4,725	-	-	-	-	-	-
Equity in income from unconsolidated funds and ventures
4,148	6,261	6,024	5,643	3,976	2,018	3,273	1,555	827	-	4,592	-1,115	-1,430	-	-	-	-	-	-	-	-	-11,090	-182	-7,181	-7,539	-6,561	-6,540	-7,378	-6,405	-14,153	-6,486	-31,962	12,531	-	-	-	-	-	-
Net gains on bonds
0	2,186	2,156	20,693	3,571	-	5,080	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,776	27,684	34,823	31,693	32,326
Net gains on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11,519	617	1,650	-321	2,302	116
Net gains on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28	-210	17	-472	-170	197	-1,078
Net gains (losses) on loans
-	-	-	-	-	-	-	-	-	-	805	0	-5,335	-2,595	174	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on real estate and other investments
-	-	0	-	-	-	1,092	-	-	39	1,526	174	-	-16	1,585	0	116	6,577	4,296	5,622	-	-	-18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales and operations of real estate, net
-	-	-	-	-	-	-	-	-	5,856	-	-	-	250	1,662	-495	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on bonds
-	-	-	-	-	-	-	-	0	-	620	-	-	9,963	-69	28	2,295	1,512	626	3,792	583	-	7,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on derivatives
-	-	-679	-1,872	-	-	1,102	2,053	2,309	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-898	-224	-1,357	-4,748	-2,823	-71	-3,589	-5,084
Net losses on derivatives
-1,711	-	-	-	-1,442	-	-	-	-	-	1,430	-968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on loans and extinguishment of liabilities
-9	-	-	-	-11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (losses) gains on derivatives and other assets
-	-	-	-	-	-	-	-	-	-791	-	-	-	-	-	-	-	4,885	1,523	928	985	-	1,761	383	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	2,039	1,953	737	1,418	682	-	-	-	-	-	-	-	-365	274	76,404	921	1,184	-	-633	-	-	-	-	-	-	-	-
Net losses on extinguishment of liabilities
-	-	0	-19	-	0	-14	0	0	-	1,009	3,829	-	-	-17	-	-	-	-	-	-	-	1,476	402	-	-	-84	0	-	-	-	-	-	-	-	-	-	-	-
Income on preferred stock investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	419	1,326	1,311	1,297	1,325	1,326	1,312	1,297	1,325	1,326	1,312	1,297	1,320	1,340	1,544	1,545	1,557	1,557	1,557	1,557	1,615	1,622
Asset management fees and reimbursements
-	-	-	-	-	-	-	-	-	5,638	-	-	191	2,324	2,430	2,261	1,892	1,887	1,924	1,575	1,421	-	1,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management fees and reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
1	312	80	15	17	163	28	117	44	234	793	451	106	258	1,109	954	647	328	656	810	723	-552	692	823	853	783	809	517	541	863	489	623	550	552	814	946	787	682	970
Total fee and other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,371	2,503	2,344	2,297	2,592
Revenue from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	579	209	133	67	-	-	-	-	-	-	-	-	-	-	-	-	-	25,988	23,332	24,767	25,946	26,628
Revenue from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,841	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-interest income
2,429	10,666	7,581	24,460	6,111	19,662	10,561	3,725	3,180	5,872	793	451	297	2,582	3,539	3,215	2,539	3,213	4,115	3,829	3,508	4,471	7,653	7,826	7,200	6,102	9,164	8,161	4,626	-1,885	5,896	8,735	6,740	-	-	-	-	-	-
Other expenses
Total revenues, net of interest expense
-	-	-	-	-	-	-	-	-	7,673	2,610	2,583	2,717	5,392	7,385	6,268	5,695	5,932	7,186	7,402	7,801	9,515	12,575	9,726	11,302	6,815	11,346	9,293	14,275	7,139	15,574	18,939	16,966	-	-	-	-	-	-
Interest expense
2,269	2,161	1,207	1,197	1,209	1,175	1,166	1,151	1,036	1,156	1,074	1,283	1,281	1,292	1,216	1,173	1,132	1,089	1,300	1,708	3,196	3,314	3,400	3,489	3,573	3,615	3,628	3,616	4,129	4,352	4,639	4,703	4,848	-	-	-	-	-	-
Salaries and benefits
-	-	0	0	-	109	33	-209	1,304	3,820	4,204	1,463	3,804	4,826	4,288	3,919	4,080	4,318	4,232	3,911	3,272	3,310	2,973	3,096	3,329	2,273	2,895	3,262	3,888	2,671	2,457	2,509	2,791	2,233	2,785	2,858	3,069	2,690	3,066
External management fees and reimbursable expenses
2,760	1,206	1,646	2,128	2,268	1,107	1,059	2,184	2,519	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
359	449	237	304	314	526	328	356	348	967	411	411	362	805	633	655	700	868	719	773	863	853	737	894	963	1,171	1,102	1,133	1,293	1,211	1,286	1,172	1,356	854	1,368	1,575	1,353	1,427	1,830
Professional fees
709	646	608	251	967	1,041	1,230	587	3,214	3,386	2,564	936	1,497	1,518	1,494	1,359	1,497	1,224	718	881	1,144	1,500	1,507	983	1,382	1,716	1,375	3,057	2,344	1,601	1,525	1,384	2,254	1,630	1,961	1,862	3,181	3,726	3,651
Other expenses
1,140	-	-	-	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
-	-	0	0	-	0	0	0	388	4,068	10,551	6,795	4,605	5,080	7,265	6,504	6,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
-	-	412	-60	-	-	625	-20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset management fee expense (includes $0 and $5,698 related to CFVs)
-	-	-	-	-	-	-	-	-	2,511	1,053	1,101	1,127	1,719	1,103	1,112	1,065	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
-	-	-	-	-	-	-	-	302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	480	353	-	-	-	-	-	-	-	-	-	-
Portion of other-than-temporary impairment recognized in AOCI
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Net impairment on bonds recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	939	480	353	-	-	-	-	-	-	-	-	-	-
Impairment on bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,282	849	238	3,864	4,452	989	3,510	2,545	2,493
Net loan loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	-	0	-1,363	-872	-3,412	0	0	293	565	423	550
Real estate owned, net expense (revenue)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	-28	-	-	-
Real estate owned, net (revenue) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	-	-
Other expenses (includes $459 and $1,370 related to CFVs for the three months and nine months ended September 30, 2017, respectively)
-	-	-	-	-	-	-	-	-	1,169	783	622	644	996	574	1,293	815	3,361	2,267	1,722	107	-113	1,940	854	801	3,079	1,178	1,856	1,934	3,496	955	1,610	385	608	652	1,393	998	2,840	2,146
Expenses from CFVs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,577	10,890	9,014	9,316	29,467	17,296	21,975	21,697	23,435	25,499	26,810	25,372	18,064	20,820	20,049	17,966	-	-	-	-	-	-
Total other expenses
7,237	4,213	4,110	3,820	4,888	4,084	4,441	4,049	9,111	17,077	20,640	12,611	13,320	16,236	16,573	16,015	15,414	19,437	20,126	18,009	17,898	-	27,853	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from continuing operations before income taxes
-4,249	8,729	5,602	23,270	2,902	17,838	8,470	2,635	-3,265	-7,169	-7,972	-8,026	-15,187	8,092	-10,166	-7,175	4,137	-5,140	-10,133	-6,899	-14,149	-72,833	3,490	-18,535	-11,486	-18,634	62,047	-6,547	34,919	-17,891	-13,988	-1,064	-8,577	-	-19,129	-12,845	-	-	-
Loss from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,518	-18,708	-25,639
Income tax benefit (expense)
-1,191	-60,571	26	50	13	-54	122	820	-856	-1,165	384	1,579	-1,413	530	43	34	72	-15	146	61	71	71	1,919	-1,194	-554	5	123	95	-1,527	36	24	23	18	124	-32	35	112	-793	21
Net (loss) income from continuing operations
-3,058	69,300	5,576	23,220	2,889	17,892	8,348	1,815	-2,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations, net of tax
0	0	0	-1	-7	13,384	276	947	20,749	15	5,095	5,499	1,193	81	1,285	83	83	83	83	83	78	97	3,903	-441	14,479	20,234	371	1,092	5,061	2,972	602	-331	-283	18,671	616	282	110	565	-5,243
Net (loss) income
-3,058	69,300	5,576	23,219	2,882	31,276	8,624	2,762	18,340	-5,989	-3,261	-4,106	-12,581	7,643	-8,924	-7,126	4,148	-5,042	-10,196	-6,877	-14,142	-72,807	5,474	-17,782	3,547	1,595	62,295	-5,550	41,507	-14,955	-13,410	-1,418	-8,878	28,790	-18,481	-12,598	-16,520	-17,350	-30,903
Basic and diluted income per common share:
(Loss) income from continuing operations
-0.53	-	-	-	0.49	-	-	-	-0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	3.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on early extinguishment of liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,263	-2,391	132	-1	486	225	58	176	293	-	-
Net gains transferred into net income from AOCI due to consolidation or real estate foreclosure
-	-	-	-	-	-	-	-	-	-	-	-	-	10,213	0	4,205	11,442	-	-	-	-	0	0	0	2,003	0	2,411	8,484	0	-	2,853	2,550	-	-	0	-	-	-	-
Earnings Per Share, Basic and Diluted, Total
-0.53	-	-	-	0.49	-	-	-	3.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-0.41
Net losses allocable to noncontrolling interests in CFVs:
-	-	-	-	-	-	-	-	-	79,181	-13,182	-11,523	-9,137	-	-	-	-	12,731	13,780	14,168	14,304	-67,805	-7,138	-15,364	-10,059	-	-	0	-	-	-	-	-	-	-	-	-11,824	-	-
Net income allocable to common shareholders
-	-	-	-	-	-	-	-	-	5,508	9,921	7,417	-3,444	16,442	4,175	5,130	16,605	7,689	3,584	7,291	162	-5,002	12,612	-2,418	13,606	15,699	73,316	-451	39,276	-3,859	718	2,414	3,842	40,132	-4,607	-2,831	-4,696	-3,789	-16,582
Basic income per common share:
Income from continuing operations
-	-	0.95	3.95	-	-	1.44	0.32	-	0.94	0.74	0.25	-0.88	2.71	0.47	0.80	2.54	1.15	0.52	1.04	0.01	-	1.17	-	-0.13	2.72	8.63	-0.03	0.84	-0.22	0.03	0.05	0.08	-	-0.11	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	0.05	0.16	-	1.24	0.95	1.01	0.30	0.01	0.21	0.01	0.01	0.01	0.01	0.01	0.01	-	0.52	-	1.82	2.87	0.04	0.02	0.09	0.12	-0.01	0.01	0.01	-	0.00	-	-	-	-
Income per common share
-	-	0.95	3.95	-	-	1.49	0.48	-	0.94	1.69	1.26	-0.58	2.72	0.68	0.81	2.55	1.16	0.53	1.05	0.02	-	1.69	-	1.69	5.59	8.67	-0.01	0.93	-0.10	0.02	0.06	0.09	0.97	-0.11	-0.07	-0.11	-	-
Diluted income per common share:
Income from continuing operations (in dollars per share)
-	-	0.95	3.95	-	-	1.37	0.26	-	0.84	0.74	0.21	-0.88	2.61	0.44	0.80	2.51	1.15	0.50	1.04	0.01	-	1.12	-	-0.13	2.76	8.31	-0.03	0.83	-0.22	0.03	0.05	0.08	-	-0.11	-	-	-	-
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	0.04	0.16	-	1.30	0.95	0.95	0.30	0.01	0.20	0.01	0.01	0.01	0.01	0.01	0.01	-	0.50	-	1.82	2.77	0.04	0.02	0.09	0.12	-0.01	0.01	0.01	-	0.00	-	-	-	-
Income per common share (in dollars per share)
-	-	0.95	3.95	-	-	1.41	0.42	-	0.84	1.69	1.16	-0.58	2.62	0.64	0.81	2.52	1.16	0.51	1.05	0.02	-	1.62	-	1.69	5.53	8.35	-0.01	0.92	-0.10	0.02	0.06	0.09	0.97	-0.11	-0.07	-0.11	-	-
Weighted-average common shares outstanding:
Basic and diluted
5,804	-	-	-	5,882	-	-	-	5,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	5,887	5,884	-	-	5,804	5,697	-	5,838	5,871	5,893	5,937	6	6	6	6	6,617	6,746	6,955	7,213	7,301	7,454	7,792	8,041	-59,613	8,458	42,406	42,445	42,417	42,304	42,194	42,121	-81,954	41,223	41	40,855	-	-
Diluted (in shares)
-	-	5,887	5,884	-	-	6,087	6,074	-	6,223	5,871	6,275	5,937	6	6	6	6	6,617	7,091	6,955	7,213	6,983	7,772	7,792	8,041	-60,034	8,783	42,406	43,717	42,562	42,380	42,434	42,396	-81,954	41,223	41	40,855	-	-