MainStreet Bancshares, Inc. MNSB Income Statement

Mainstreet bancshares, inc. (MNSB)

Income statement / TTM

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
56,512	55,208	53,229	50,098	45,870	41,270	0	0	0
Interest on investments securities
2,147	2,202	2,049	1,893	1,685	1,470	0	0	0
Interest on federal funds sold
1,453	1,403	1,589	1,600	1,340	1,095	0	0	0
Total Interest Income
60,112	58,813	56,867	53,591	48,895	43,835	0	0	0
Interest Expense
Interest on interest bearing DDA deposits
870	998	1,072	1,042	981	900	0	0	0
Interest on savings and NOW deposits
280	289	295	289	278	251	0	0	0
Interest on money market deposits
2,394	2,379	2,487	2,380	2,207	1,708	0	0	0
Interest on time deposits
14,831	14,196	13,250	12,027	9,905	8,065	0	0	0
Interest on Federal Home Loan Bank advances and other borrowings
0	-	0	0	0	-	0	0	0
Interest on subordinated debt
969	966	967	966	966	966	0	0	0
Total Interest Expense
19,724	19,377	18,716	17,472	15,153	12,666	0	0	0
Net interest income
40,388	39,436	38,151	36,119	33,742	31,169	0	0	0
Provision for Loan Losses
1,643	1,618	1,756	2,171	2,816	3,126	0	0	0
Net interest income after provision for loan losses
38,745	37,818	36,395	33,948	30,926	28,043	0	0	0
Non-Interest Income
Deposit account service charges
-1,785	-1,668	-1,519	-1,447	-1,260	-1,103	0	0	0
Bank owned life insurance income
592	498	424	423	426	427	0	0	0
Loan swap fee income
1,102	989	878	471	0	-	0	0	-
Net gain on available-for-sale securities
-	-	-	0	-	-	-	-	-
Net gain on sale of loans
-	-	0	0	-	-	-	-	-
Other fee income
1,300	1,136	1,060	1,093	968	996	0	0	0
Total Non-Interest Income
5,350	4,862	5,165	4,415	3,657	3,239	0	0	0
Non-Interest Expense
Salaries and employee benefits
16,349	15,776	14,864	13,992	12,956	11,845	0	0	0
Furniture and equipment expenses
1,797	1,728	1,805	1,847	1,863	1,859	0	0	0
Advertising and marketing
1,057	906	677	613	563	614	0	0	0
Occupancy expenses
918	864	864	856	798	736	0	0	0
Outside services
912	863	857	790	869	838	0	0	0
Administrative expenses
728	731	675	646	625	576	0	0	0
Other operating expenses
1,846	1,604	2,077	1,745	1,507	1,282	0	0	0
Total Non-Interest Expense
26,511	25,376	24,048	22,718	21,410	19,979	0	0	0
Income before income taxes
17,584	17,304	17,512	15,645	13,173	11,303	0	0	0
Income Tax Expense
3,411	3,354	3,457	2,947	2,403	2,094	0	0	0
Net Income
14,173	13,950	14,055	12,698	10,770	9,209	0	0	0
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