MID PENN BANCORP INC MPB Income Statement

Mid penn bancorp inc (MPB)

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 and fees on loans and leases
22,249	22,213	22,573	22,214	21,078	20,567	17,715	12,073	11,337	10,292	10,213	9,949	9,702	9,556	9,134	8,905	8,807	8,495	8,448	8,743	7,154	6,783	6,657	6,925	6,540	6,588	6,962	6,494	6,261	6,615	6,742	7,085	6,791	6,988	7,031	7,284	6,735	6,856	6,996
Interest on interest-bearing balances
15	20	23	27	30	23	26	17	9	6	5	5	2	1	2	2	7	10	12	11	11	10	11	10	10	12	21	29	47	56	55	60	65	78	125	155	162	198	208
Interest on federal funds sold
390	518	506	130	68	52	78	153	168	18	23	23	51	28	36	15	3	-	-	1	-	-	-	-	-	0	0	6	5	5	5	2	4	5	6	6	8	9	8
Interest and dividends on investment securities:
U.S. Treasury and government agencies
671	651	701	839	893	917	965	884	752	637	617	574	445	374	339	311	322	294	293	304	331	352	359	358	277	198	170	123	100	140	232	329	436	550	522	325	222	215	189
State and political subdivision obligations, tax-exempt
221	348	495	584	619	628	636	517	542	293	240	264	316	504	550	548	464	468	484	517	531	562	563	536	519	479	466	493	483	490	419	404	409	397	307	302	323	273	281
Other securities
153	185	215	204	178	184	163	76	172	58	52	64	43	68	64	78	94	81	102	68	131	37	43	41	34	18	14	8	6	7	5	5	5	5	3	3	3	3	3
Total Interest Income
23,699	23,935	24,513	23,998	22,866	22,371	19,583	13,720	12,980	11,304	11,150	10,879	10,559	10,531	10,125	9,859	9,697	9,349	9,339	9,644	8,158	7,744	7,633	7,870	7,380	7,295	7,633	7,153	6,902	7,313	7,458	7,885	7,710	8,023	7,994	8,075	7,453	7,554	7,685
INTEREST EXPENSE
Interest on deposits
5,380	5,858	5,830	5,276	4,586	3,924	3,183	1,997	1,780	1,557	1,425	1,277	1,204	1,221	1,162	1,092	1,039	1,008	987	980	914	931	953	990	978	1,033	1,068	1,130	1,205	1,297	1,443	1,618	1,789	1,945	2,128	2,241	2,195	2,251	2,348
Interest on short-term borrowings
-	12	69	157	232	157	38	0	12	-	30	13	-	0	-10	12	13	11	14	11	11	29	5	7	14	-	12	7	-	-	-	1	-	0	1	1	2	3	2
Interest on long-term and subordinated debt
654	760	847	795	742	559	451	309	310	192	179	179	180	181	205	222	230	-	149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	195	-	131	122	116	76	112	169	238	243	245	243	244	247	246	243	273	313	310
Total Interest Expense
6,034	6,630	6,746	6,228	5,560	4,640	3,672	2,306	2,102	1,817	1,634	1,469	1,384	1,392	1,367	1,326	1,282	1,179	1,150	1,158	1,120	1,111	1,089	1,119	1,108	1,116	1,192	1,306	1,443	1,542	1,688	1,862	2,033	2,192	2,375	2,485	2,470	2,567	2,660
Net Interest Income
17,665	17,305	17,767	17,770	17,306	17,731	15,911	11,414	10,878	9,487	9,516	9,410	9,175	9,139	8,758	8,533	8,415	8,170	8,189	8,486	7,038	6,633	6,544	6,751	6,272	6,179	6,441	5,847	5,459	5,771	5,770	6,023	5,677	5,831	5,619	5,590	4,983	4,987	5,025
PROVISION FOR LOAN AND LEASE LOSSES
550	235	565	465	125	275	100	0	125	100	0	100	125	550	585	395	340	200	265	300	300	400	395	275	547	200	575	415	495	361	150	225	300	50	405	550	200	975	925
Net Interest Income After Provision for Loan and Lease Losses
17,115	17,070	17,202	17,305	17,181	17,456	15,811	11,414	10,753	9,387	9,516	9,310	9,050	8,589	8,173	8,138	8,075	7,970	7,924	8,186	6,738	6,233	6,149	6,476	5,725	5,979	5,866	5,432	4,964	5,410	5,620	5,798	5,377	5,781	5,214	5,040	4,783	4,012	4,100
NONINTEREST INCOME
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	191	-	266	246	186	130	106	153	67	105	95	75	38	48	75	115	110	232	184	137	122	85	102	80	123	98	72
ATM debit card interchange income
-	-	-	-	-	-	-	-	-	-	-	-	224	-	214	209	200	201	189	196	155	141	138	139	126	132	130	127	119	-	-	-	-	-	-	-	-	-	-
Merchant services income
-	-	-	-	-	-	-	-	-	-	-	-	74	-	89	85	67	60	64	61	50	56	65	66	67	70	86	87	87	-	-	-	-	-	-	-	-	-	-
Net gain on sales of SBA loans
84	121	275	233	202	84	68	152	257	97	262	157	284	116	89	75	190	-	73	143	-	22	19	27	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from fiduciary activities
-	-	-	-	-	-	-	-	-	-	-	-	196	-	104	139	106	99	120	120	127	107	120	167	158	132	111	110	139	146	128	189	112	172	157	115	95	104	50
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	-	205	-	171	158	155	187	186	167	150	167	154	136	127	146	150	146	134	147	153	136	129	165	167	189	183	262	324
Net gain on sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	8	-	200	213	-	10	138	0	177	18	0	0	150	-	108	112	-	0	241	10	16	-	0	0	-	-	-
Earnings from cash surrender value of life insurance
76	78	79	79	78	81	76	65	64	66	65	66	65	64	65	65	70	71	71	71	56	49	50	51	51	57	58	58	58	62	61	62	62	64	64	65	65	67	68
Net gain on sales of investment securities
132	1,808	46	17	7	5	30	4	98	-	22	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM debit card interchange income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	119	120	-	-	-	-	-	-
Other income
372	424	347	419	330	367	826	560	286	224	276	204	189	231	221	208	258	192	138	182	167	210	100	113	126	209	90	83	203	-5	176	278	177	-334	274	256	292	293	387
Total Noninterest Income
2,934	4,695	3,003	2,874	2,049	1,731	2,171	1,913	1,647	1,345	1,564	1,362	1,436	1,897	1,419	1,398	1,232	986	1,085	1,093	949	875	741	774	894	794	808	838	850	957	1,057	931	738	769	764	705	758	824	901
NONINTEREST EXPENSE
Salaries and employee benefits
8,281	8,390	8,425	7,786	7,759	7,286	6,680	4,832	5,064	4,263	4,277	4,159	4,230	4,136	3,982	3,723	3,723	3,937	3,471	3,440	3,195	2,853	2,635	2,843	2,548	2,589	2,657	2,685	2,857	2,632	2,671	2,619	2,596	2,527	2,390	2,401	2,201	2,202	2,156
Occupancy expense, net
1,439	1,375	1,232	1,344	1,401	1,289	1,063	870	797	640	631	593	648	522	496	499	547	499	498	496	454	327	282	322	382	293	256	269	310	279	263	257	278	249	274	244	308	243	194
Equipment expense
713	691	671	658	627	655	579	544	408	387	398	370	381	431	412	411	435	396	346	422	313	297	297	310	301	315	323	345	316	311	343	286	294	312	318	318	344	334	335
Pennsylvania bank shares tax expense
405	37	359	245	136	-248	131	171	171	-49	170	160	170	42	197	206	203	71	106	116	115	93	64	109	99	99	104	133	128	111	92	128	131	86	121	121	121	106	117
FDIC Assessment
312	-	-131	-	359	-	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC Assessment
-	-	-	314	-	-	-	93	228	-	197	194	194	254	134	147	153	143	166	165	139	137	134	139	132	147	6	131	202	130	301	302	301	301	225	217	314	205	203
Legal and professional fees
352	475	311	471	422	365	272	256	224	218	218	189	177	196	130	183	202	133	151	161	143	150	101	168	97	194	191	166	154	173	186	138	107	129	87	141	87	96	143
Director fees and benefits expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83	-	83	76	79	81	81	77	80	103	97	88	47	69	90	72	73	78	78
Marketing and advertising expense
204	263	238	226	179	332	274	230	189	139	139	131	107	131	146	139	84	161	137	147	88	81	95	84	48	61	87	62	43	90	91	128	69	110	86	95	63	86	75
Software licensing and utilization
1,221	1,112	1,150	1,111	1,021	1,114	949	861	685	1,375	397	370	329	893	350	334	331	369	380	404	319	278	238	212	237	281	239	246	181	159	166	161	162	197	171	163	166	164	124
Telephone expense
134	144	150	161	154	141	177	156	147	118	120	133	126	128	135	143	142	-	169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale or write-down of foreclosed assets
-	7	-36	18	-4	-44	45	1	2	0	0	6	82	59	26	28	104	-	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telephone expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140	123	-	108	100	96	118	116	104	98	94	107	103	107	99	92	92	94	91	92
Loss (gain) on sale or write-down of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15	32	-	52	-30	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale/write-down of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54	-303	-19	-	43	50	8	-	-	-	-	-	-
(Gain) loss on sale/write-down of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	-31	-28	128	-12
Intangible amortization
323	352	355	360	363	387	341	248	248	26	25	24	29	24	31	34	37	40	36	29	9	41	8	7	7	7	8	7	7	7	7	15	16	16	16	17	16	16	16
Loan collection costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	-	76	82	71	36	32	76	70	129	92	39	109	208	0	50	41	-	-
Merger and acquisition expense
-	-	-	-	-	-165	3,039	222	1,694	152	243	14	210	-	-	-	-	0	0	0	762	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
2,197	3,028	1,959	2,102	1,886	2,246	1,533	1,612	1,326	585	1,145	1,215	1,119	956	1,126	1,074	1,021	1,138	1,062	1,137	785	1,359	745	646	554	701	700	614	610	713	623	633	513	491	637	508	500	603	531
Total Noninterest Expense
15,581	16,171	14,683	14,796	14,303	13,622	15,270	10,096	11,183	8,061	7,960	7,558	7,802	7,772	7,165	6,921	6,982	6,908	6,569	6,642	6,640	5,969	4,929	5,068	4,738	4,996	4,746	4,612	5,037	4,926	5,082	4,947	4,738	4,806	4,534	4,408	4,300	4,352	4,052
INCOME BEFORE PROVISION FOR INCOME TAXES
4,468	5,594	5,522	5,383	4,927	5,565	2,712	3,231	1,217	2,671	3,120	3,114	2,684	2,714	2,427	2,615	2,325	2,048	2,440	2,637	1,047	1,139	1,961	2,182	1,881	1,777	1,928	1,658	777	1,441	1,595	1,782	1,377	1,744	1,444	1,337	1,241	484	949
Provision for income taxes
650	1,186	709	980	850	916	548	452	213	2,170	871	769	690	638	526	593	520	421	546	593	84	251	366	475	370	377	440	292	92	250	329	422	243	-	-	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	312	278	241	4	158
NET INCOME
3,818	4,408	4,813	4,403	4,077	4,649	2,164	2,779	1,004	501	2,249	2,345	1,994	2,076	1,901	2,022	1,805	1,627	1,894	2,044	963	888	1,595	1,707	1,511	1,400	1,488	1,366	685	1,191	1,266	1,360	1,134	1,352	1,132	1,059	1,000	480	791
Preferred stock dividends and redemption premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	129	128	128	129
Series D preferred stock dividends
-	-	-	-	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
-	-	4,813	-	-	-	2,126	-	-	-	2,249	-	-	-	-	2,022	-	-	1,802	1,952	-	801	1,507	1,619	1,424	1,313	1,400	1,279	624	1,062	1,138	1,231	1,006	1,223	1,004	930	872	352	662
PER COMMON SHARE DATA:
Basic and Diluted Earnings Per Common Share
0.45	0.52	0.57	0.52	0.48	0.58	0.28	0.45	0.17	0.12	0.53	0.55	0.47	0.49	0.45	0.48	0.43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic Earnings Per Common Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43	0.46	0.23	-	0.43	0.46	0.41	0.37	0.40	0.37	0.18	0.30	0.33	0.35	0.29	0.35	0.29	0.27	0.25	0.11	0.19
Diluted Earnings Per Common Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.33	0.35	0.29	0.35	0.29	0.27	0.25	0.11	0.19
Cash Dividends Paid
0.23	-	0.18	0.18	0.25	-	0.15	0.15	0.25	-	0.13	0.13	0.23	-	0.12	0.12	0.22	-	0.12	0.10	0.10	-	0.10	0.10	0.05	-	0.05	0.05	-	0.10	0.05	0.05	0.05	0.05	0.05	0.05	0.05	-	-
Cash Dividends Declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Fiduciary Activities [Member]
Non-interest Income
384	324	386	347	359	304	325	286	240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges on Deposits [Member]
Non-interest Income
205	219	230	218	217	266	242	222	203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage Banking Income [Member]
Non-interest Income
1,182	1,166	1,091	1,077	437	193	197	205	156	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM Debit Card Interchange Income [Member]
Non-interest Income
416	446	434	380	334	345	317	326	265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merchant Services Income [Member]
Non-interest Income
83	109	115	104	85	86	90	93	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-