MID PENN BANCORP INC MPB Income Statement

Mid penn bancorp inc (MPB)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
INTEREST INCOME
Interest and fees on loans and leases
88,078	61,692	40,156	36,402	32,840	26,905	26,305	27,233	28,038	27,397	28,039
Interest on interest-bearing balances
100	75	18	12	44	41	109	236	520	818	1,460
Interest on federal funds sold
1,222	451	115	82	2	-	11	16	25	25	1
Interest and dividends on investment securities:
U.S. Treasury and government agencies
3,084	3,518	2,273	1,346	1,222	1,346	591	1,137	1,619	788	652
State and political subdivision obligations, tax-exempt
2,046	2,323	1,113	2,066	2,000	2,180	1,921	1,722	1,329	1,108	1,171
Other securities
782	595	217	304	382	155	46	22	14	12	13
Total Interest Income
95,312	68,654	43,892	40,212	36,490	30,627	28,983	30,366	31,545	30,148	31,336
INTEREST EXPENSE
Interest on deposits
21,550	10,884	5,463	4,514	3,889	3,852	4,436	6,147	8,509	9,319	10,726
Interest on short-term borrowings
470	207	111	15	47	55	26	3	4	18	112
Interest on long-term and subordinated debt
3,144	1,629	730	838	671	520	-	-	-	-	-
Interest on long-term debt
-	-	-	-	-	-	595	975	1,009	1,305	2,466
Total Interest Expense
25,164	12,720	6,304	5,367	4,607	4,427	5,057	7,125	9,522	10,642	13,304
Net Interest Income
70,148	55,934	37,588	34,845	31,883	26,200	23,926	23,241	22,023	19,506	18,032
PROVISION FOR LOAN AND LEASE LOSSES
1,390	500	325	1,870	1,065	1,617	1,685	1,036	1,205	2,635	9,520
Net Interest Income After Provision for Loan and Lease Losses
68,758	55,434	37,263	32,975	30,818	24,583	22,241	22,205	20,818	16,871	8,512
NONINTEREST INCOME
Gain from life insurance proceeds
-	-	-	-	-	-	-	-	-	-	158
Mortgage banking income
-	-	-	-	456	313	348	675	390	423	124
ATM debit card interchange income
-	-	-	-	741	544	508	472	452	-	-
Merchant services income
-	-	-	-	235	254	330	256	165	-	-
Net gain on sales of SBA loans
831	561	800	470	252	119	-	-	-	-	-
Income from fiduciary activities
-	-	-	-	466	552	492	575	539	431	417
Service charges on deposits
-	-	-	-	690	584	576	565	704	1,139	1,479
Net gain on sales of investment securities
-	-	-	-	325	168	220	267	0	-	-
Earnings from cash surrender value of life insurance
314	286	262	264	269	201	231	247	258	270	280
Net gain on sales of investment securities
1,878	137	42	1,046	-	-	-	-	-	-	-
ATM debit card interchange income
-	-	-	-	-	-	-	-	-	408	-
Other income
1,520	2,039	893	918	679	549	585	626	488	743	1,198
Total Noninterest Income
12,621	7,462	5,707	5,946	4,113	3,284	3,290	3,683	2,996	3,414	3,656
NONINTEREST EXPENSE
Salaries and employee benefits
32,360	23,862	16,929	15,564	14,043	10,879	10,788	10,518	9,519	8,760	8,173
Occupancy expense, net
5,352	4,019	2,512	2,064	1,947	1,313	1,128	1,077	1,075	916	844
Equipment expense
2,647	2,186	1,536	1,689	1,477	1,205	1,299	1,234	1,292	1,361	1,170
Pennsylvania bank shares tax expense
777	225	451	648	408	365	464	462	449	443	366
FDIC Assessment
839	772	792	-	-	-	-	-	-	-	-
FDIC Assessment
-	-	-	688	613	542	486	1,034	1,057	897	1,163
Legal and professional fees
1,679	1,117	802	711	588	516	705	604	444	529	814
Director fees and benefits expense
-	-	-	-	-	-	319	335	304	303	291
Marketing and advertising expense
906	1,025	516	500	533	308	253	378	354	308	679
Software licensing and utilization
4,394	3,609	2,471	1,908	1,472	965	947	648	697	578	393
Telephone expense
609	621	497	548	569	467	-	-	-	-	-
Gain on sale or write-down of foreclosed assets
-15	4	88	217	111	204	-	-	-	-	-
Telephone expense
-	-	-	-	-	-	436	411	377	362	344
Loss (gain) on sale or write-down of foreclosed assets
-	-	-	-	-	-	-302	96	-	-	-
(Gain) loss on sale/write-down of foreclosed assets
-	-	-	-	-	-	-	-	-20	-	-
(Gain) loss on sale/write-down of foreclosed assets
-	-	-	-	-	-	-	-	-	283	110
Intangible amortization
1,430	1,224	104	126	114	63	29	45	65	65	65
Loan collection costs
-	-	-	-	-	-	214	369	299	307	-
Merger and acquisition expense
-	4,790	619	-	762	573	-	-	-	-	-
Other expenses
8,975	6,717	4,064	4,177	4,122	3,304	2,625	2,482	2,136	2,009	2,259
Total Noninterest Expense
59,953	50,171	31,381	28,840	26,759	20,704	19,391	19,693	18,048	17,121	16,671
INCOME BEFORE PROVISION FOR INCOME TAXES
21,426	12,725	11,589	10,081	8,172	7,163	6,140	6,195	5,766	3,164	-4,503
Provision for income taxes
3,725	2,129	4,500	2,277	1,644	1,462	1,201	1,244	1,223	416	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-2,208
NET INCOME
17,701	10,596	7,089	7,804	6,528	5,701	4,939	4,951	4,543	2,748	-2,295
Preferred stock dividends and redemption premium
-	-	-	-	-	-	-	-	-	514	514
Series D preferred stock dividends
-	102	-	-	-	-	-	-	-	-	-
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
17,701	10,494	7,089	7,804	6,038	5,351	4,616	4,437	4,029	2,234	-2,809
PER COMMON SHARE DATA:
Basic and Diluted Earnings Per Common Share
2.09	1.48	1.67	1.85	1.47	1.53	-	-	-	-	-
Basic Earnings Per Common Share
-	-	-	-	-	-	1.32	1.27	1.16	0.64	-0.81
Diluted Earnings Per Common Share
-	-	-	-	-	-	1.32	1.27	1.16	0.64	-0.81
Cash Dividends Paid
-	-	-	-	-	-	0.25	0.25	0.20	-	0.52
Cash Dividends Declared
0.79	0.45	0.77	0.68	0.44	0.45	-	-	-	-	-
Income from Fiduciary Activities [Member]
Non-interest Income
1,416	1,155	845	481	-	-	-	-	-	-	-
Service Charges on Deposits [Member]
Non-interest Income
884	933	721	684	-	-	-	-	-	-	-
Mortgage Banking Income [Member]
Non-interest Income
3,771	751	872	922	-	-	-	-	-	-	-
ATM Debit Card Interchange Income [Member]
Non-interest Income
1,594	1,253	937	844	-	-	-	-	-	-	-
Merchant Services Income [Member]
Non-interest Income
413	347	335	317	-	-	-	-	-	-	-