MainStreet Bancshares, Inc. MNSB Income Statement

Mainstreet bancshares, inc. (MNSB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18
Interest Income
Interest and fees on loans
14,220	14,223	14,192	13,877	12,916	12,244	11,061	9,649	8,316
Interest on investments securities
501	534	497	615	556	381	341	407	341
Interest on federal funds sold
395	271	412	375	345	457	423	115	100
Total Interest Income
15,116	15,028	15,101	14,867	13,817	13,082	11,825	10,171	8,757
Interest Expense
Interest on interest bearing DDA deposits
117	195	275	283	245	269	245	222	164
Interest on savings and NOW deposits
64	71	71	74	73	77	65	63	46
Interest on money market deposits
778	490	539	587	763	598	432	414	264
Interest on time deposits
3,566	3,730	3,900	3,635	2,931	2,784	2,677	1,513	1,091
Interest on Federal Home Loan Bank advances and other borrowings
50	-	76	162	219	-	199	210	179
Interest on subordinated debt
241	243	244	241	238	244	243	241	238
Total Interest Expense
4,816	4,821	5,105	4,982	4,469	4,160	3,861	2,663	1,982
Net interest income
10,300	10,207	9,996	9,885	9,348	8,922	7,964	7,508	6,775
Provision for Loan Losses
350	358	185	750	325	496	600	1,395	635
Net interest income after provision for loan losses
9,950	9,849	9,811	9,135	9,023	8,426	7,364	6,113	6,140
Non-Interest Income
Deposit account service charges
-487	-460	-392	-446	-370	-311	-320	-259	-213
Bank owned life insurance income
199	181	106	106	105	107	105	109	106
Loan swap fee income
403	111	407	181	290	-	0	0	-
Net gain on available-for-sale securities
-	-	-	5	-	-	-	-	-
Net gain on sale of loans
-	-	303	263	-	-	-	-	-
Other fee income
325	407	228	340	161	331	261	215	189
Total Non-Interest Income
1,414	1,159	1,436	1,341	926	1,462	686	583	508
Non-Interest Expense
Salaries and employee benefits
4,433	4,179	3,890	3,847	3,860	3,267	3,018	2,811	2,749
Furniture and equipment expenses
454	457	451	435	385	534	493	451	381
Advertising and marketing
256	375	235	191	105	146	171	141	156
Occupancy expenses
267	220	214	217	213	220	206	159	151
Outside services
276	169	306	161	227	163	239	240	196
Administrative expenses
164	198	190	176	167	142	161	155	118
Other operating expenses
1,293	-1,800	1,203	1,150	1,051	-1,327	871	912	826
Total Non-Interest Expense
7,143	6,702	6,489	6,177	6,008	5,374	5,159	4,869	4,577
Income before income taxes
4,221	4,306	4,758	4,299	3,941	4,514	2,891	1,827	2,071
Income Tax Expense
751	743	1,049	868	694	846	539	324	385
Net Income
3,470	3,563	3,709	3,431	3,247	3,668	2,352	1,503	1,686
Net Income per common share:
Basic
0.42	0.43	0.45	0.42	0.39	0.48	0.35	0.26	0.29
Diluted
0.42	0.43	0.45	0.42	0.39	0.48	0.35	0.26	0.29