Midsouth bancorp inc (MSL)
Income statement / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Loans, including fees

13,023

12,987

14,536

14,590

15,344

16,015

18,026

17,329

16,731

16,622

17,059

17,087

16,572

16,866

16,160

17,992

18,268

18,054

18,802

18,273

17,769

17,483

18,050

17,652

18,197

17,117

12,478

12,540

12,355

12,403

11,872

10,803

9,736

9,476

10,104

9,929

Securities and other investments:
Taxable

3,100

3,071

2,950

2,156

2,093

2,047

2,161

2,276

2,416

2,327

1,965

1,983

1,940

2,036

1,931

1,850

1,853

1,925

1,935

1,965

2,064

2,136

2,128

2,171

2,251

2,059

1,818

2,048

2,148

2,069

1,824

1,407

1,264

867

925

891

Nontaxable

160

255

280

273

277

316

354

363

374

407

462

416

420

458

509

536

559

584

631

652

661

693

748

785

812

839

678

697

730

775

796

816

852

929

986

998

Federal funds sold

-

-

-

-

-

-

-

-

9

6

-

3

3

5

-

1

2

2

-

2

1

1

-

1

1

4

-

2

2

2

-

2

2

3

3

1

Interest bearing deposits in other banks

1,663

1,132

-

1,417

1,025

619

-

411

150

85

-

83

97

94

-

40

35

37

-

15

11

16

-

15

17

38

-

13

21

39

-

49

46

75

59

76

Other interest income

-

-

-

-

-

-

-

-

78

84

493

95

90

88

244

113

81

79

155

109

89

70

164

80

78

72

141

55

42

45

249

43

35

38

43

34

Total interest income

17,946

17,445

19,340

18,436

18,739

18,997

20,955

20,379

19,758

19,531

19,694

19,667

19,122

19,547

18,727

20,532

20,798

20,681

21,477

21,016

20,595

20,399

21,014

20,704

21,356

20,129

15,036

15,355

15,298

15,333

14,564

13,120

11,935

11,388

12,120

11,929

Interest expense:
Deposits

1,665

1,680

1,669

1,602

1,410

1,238

1,097

1,094

973

935

929

915

903

907

836

883

921

947

927

859

858

871

917

976

990

1,078

911

1,030

1,059

1,100

1,039

1,013

964

1,008

1,325

1,424

Federal funds purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

0

0

Securities sold under agreements to repurchase

9

14

17

16

25

40

66

149

236

234

-

236

233

233

-

249

242

230

-

210

199

180

-

204

182

179

-

197

186

181

-

207

198

197

249

238

Federal Home Loan Bank advances

74

81

-

81

120

129

-

111

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term FHLB advances

-

-

-

-

-

-

-

-

91

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other borrowings and payables

-

-

-

-

-

-

-

-

-

-

-

93

91

113

-

109

103

97

-

108

105

106

-

118

106

124

-

0

0

0

-

-

-

-

-

-

Junior subordinated debentures

283

287

-

271

259

220

-

212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Junior subordinated debentures

-

-

-

-

-

-

-

-

212

208

197

170

170

167

162

150

151

150

80

327

320

347

339

335

336

336

251

241

244

248

245

242

242

242

247

243

Interest Expense

2,031

2,062

2,097

1,970

1,814

1,627

1,483

1,566

1,512

1,465

1,459

1,414

1,397

1,420

1,349

1,391

1,417

1,424

1,317

1,504

1,482

1,504

1,575

1,633

1,614

1,717

1,354

1,468

1,489

1,529

1,489

1,462

1,404

1,447

1,821

1,905

Net interest income

15,915

15,383

17,243

16,466

16,925

17,370

19,472

18,813

18,246

18,066

18,235

18,253

17,725

18,127

17,378

19,141

19,381

19,257

20,160

19,512

19,113

18,895

19,439

19,071

19,742

18,412

13,682

13,887

13,809

13,804

13,075

11,658

10,531

9,941

10,299

10,024

Provision for loan losses

4,759

7,600

12,000

4,300

440

0

10,600

4,300

12,500

2,800

2,600

2,900

2,300

2,800

3,000

3,800

1,100

6,000

2,700

1,175

1,200

550

800

450

1,250

550

500

300

575

675

775

650

900

1,600

1,500

1,500

Net interest income after provision for loan losses

11,156

7,783

5,243

12,166

16,485

17,370

8,872

14,513

5,746

15,266

15,635

15,353

15,425

15,327

14,378

15,341

18,281

13,257

17,460

18,337

17,913

18,345

18,639

18,621

18,492

17,862

13,182

13,587

13,234

13,129

12,300

11,008

9,631

8,341

8,799

8,524

Non-interest income:
Service charges on deposits

1,854

1,793

1,414

2,159

2,065

2,206

-

2,463

2,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

0

0

ATM and debit card income

2,044

1,925

2,624

1,796

1,877

1,784

2,512

1,687

1,766

1,703

1,682

1,620

1,668

1,609

1,616

1,563

1,655

1,629

1,834

1,808

1,853

1,714

1,687

1,719

1,638

1,356

1,207

1,123

1,149

1,126

1,005

964

955

878

859

844

Credit card income

425

520

-

-

381

371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposits

-

-

-

-

-

-

-

-

-

2,480

2,535

2,584

2,451

2,313

2,584

2,491

2,347

2,332

2,396

2,556

2,448

2,380

2,431

2,352

2,271

2,171

1,840

1,898

1,868

1,824

1,855

1,781

1,548

1,737

2,427

2,610

Marketable Securities, Realized Gain (Loss)

202

373

-49

0

0

0

0

338

3

6

0

0

20

0

0

0

1,128

115

0

0

128

0

5

25

0

204

0

69

135

0

-

0

58

-

-

-

Gain (Loss) on Sales of Loans, Net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans, net

-

1,274

-

-16

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other charges and fees

265

388

-69

1,151

559

468

-

998

1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Executive officer life insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Income from death benefit on BOLI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other charges and fees

-

-

-

-

-

-

-

-

-

855

854

948

1,000

822

1,694

714

847

765

-642

1,830

832

823

276

892

1,095

700

650

664

813

578

560

653

652

374

450

570

Total non-interest income

4,790

6,273

4,702

5,090

4,882

4,829

6,028

5,486

5,223

5,044

5,071

5,152

5,139

4,744

5,734

4,768

6,137

4,841

3,588

6,194

5,261

7,917

4,399

4,988

5,004

4,431

3,697

3,754

3,965

3,528

3,420

3,398

3,213

3,030

3,736

4,024

Non-interest expenses:
Salaries and employee benefits

8,940

9,700

8,895

7,762

7,916

7,719

7,900

7,849

9,451

8,689

8,726

8,034

8,182

7,990

8,244

7,653

8,197

7,942

8,259

8,287

8,488

8,813

8,781

8,640

8,369

8,392

6,202

6,273

6,152

6,086

5,783

5,778

5,039

5,163

5,118

4,938

Occupancy expense

2,962

3,307

3,186

3,077

3,193

3,045

4,146

3,711

4,189

3,624

3,731

3,635

3,667

3,597

3,687

3,815

3,865

3,685

3,750

3,834

3,689

3,791

3,916

3,874

3,725

3,597

3,037

2,952

2,783

2,548

2,563

2,474

2,191

2,053

2,177

2,284

ATM and debit card expense

682

624

678

653

648

576

633

654

713

721

829

833

792

785

825

770

693

663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

357

-

-

Data processing

853

848

-

730

666

665

-

640

667

621

-

527

478

458

-

476

467

457

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance

-

-

-

360

-

-

-

448

430

397

-

365

420

429

-

391

331

281

-

269

251

262

-

265

244

345

-

242

195

368

-

188

212

-

334

337

Regulatory remediation expense

0

0

6,200

5,502

4,093

3,926

-

856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger-related expense

1,149

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal and professional fees

1,163

1,883

-

2,543

5,323

1,689

-

548

936

385

-

516

436

383

-

385

382

345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on transfer of loans to held for sale

0

0

-

-

8

875

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

3,100

3,524

17,557

2,900

426

3,378

10,535

3,053

3,218

2,793

8,362

3,204

3,066

3,117

8,267

3,002

3,041

2,788

1,749

5,467

4,695

4,836

3,688

5,702

5,929

5,097

4,574

4,163

4,660

3,666

5,324

4,735

3,791

3,154

3,488

3,610

Total non-interest expenses

18,849

19,886

24,644

23,527

22,273

21,873

25,944

17,759

19,604

17,230

17,636

17,114

17,041

16,759

17,508

16,492

16,976

16,161

15,865

17,857

17,123

17,702

17,930

18,481

18,267

17,431

14,567

13,630

13,790

12,668

14,169

13,175

11,233

10,727

11,117

11,169

Loss before income tax benefit

-2,903

-5,830

-14,699

-6,271

-906

326

-11,044

2,240

-8,635

3,080

3,070

3,391

3,523

3,312

2,604

3,617

7,442

1,937

5,183

6,674

6,051

8,560

5,108

5,128

5,229

4,862

2,312

3,711

3,409

3,989

1,551

1,231

1,611

644

1,418

1,379

Income Tax Expense (Benefit)

0

0

7,610

-1,373

-237

-34

-540

574

-3,221

589

871

993

1,030

963

766

1,028

2,343

446

1,519

2,202

1,935

1,702

1,563

1,588

1,566

1,434

683

1,062

931

1,103

272

131

258

-97

179

129

Net Income (Loss) Attributable to Parent

-2,903

-5,830

-22,309

-4,898

-669

360

-10,504

1,666

-5,414

2,491

2,199

2,398

2,493

2,349

1,838

2,589

5,099

1,491

3,664

4,472

4,116

6,858

3,545

3,540

3,663

3,428

1,629

2,649

2,478

2,886

1,279

1,100

1,353

741

1,239

1,250

Dividends on preferred stock

810

810

809

810

810

810

810

810

811

811

812

811

811

427

170

172

172

173

174

174

170

180

-

-

-

-

-

-

-

-

400

804

299

299

300

299

Dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

468

392

292

-

400

380

400

-

-

-

-

-

-

Net loss available to common shareholders

-3,713

-6,640

-23,118

-5,708

-1,479

-450

-11,314

856

-6,225

1,680

1,387

1,587

1,682

1,922

1,668

2,417

4,927

1,318

3,490

4,298

3,946

6,678

3,365

3,072

3,271

3,136

1,262

2,249

2,098

2,486

879

296

1,054

442

939

951

Basic loss per common share (in dollars per share)

-0.22

-0.40

-1.39

-0.34

-0.09

-0.03

-0.75

0.05

-0.51

0.15

0.12

0.14

0.15

0.17

0.15

0.21

0.43

0.12

0.31

0.38

0.35

0.59

0.30

0.27

0.29

0.28

0.12

0.21

0.20

0.24

0.09

0.03

0.10

0.05

0.09

0.10

Diluted loss per common share (in dollars per share)

-0.22

-0.40

-1.39

-0.34

-0.09

-0.03

-0.75

0.05

-0.51

0.15

0.12

0.14

0.15

0.17

0.15

0.21

0.42

0.12

0.30

0.37

0.34

0.57

0.29

0.27

0.29

0.27

0.12

0.21

0.20

0.24

0.09

0.03

0.10

0.05

0.09

0.10

Weighted average number of shares outstanding:
Basic (in shares)

16,724

16,674

-

16,558

16,526

16,495

-

16,395

12,227

11,264

-

11,262

11,255

11,262

-

11,312

11,324

11,318

-

11,314

11,277

11,258

-

11,253

11,239

11,238

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

16,724

16,674

-

16,558

16,529

16,500

-

16,396

12,237

11,282

-

11,263

11,255

11,262

-

11,831

11,850

11,351

-

11,955

11,912

11,879

-

11,869

11,839

11,866

-

-

-

-

-

-

-

-

-

-

Dividends declared per common share (in dollars per share)

0.01

0.01

-

0.01

0.01

0.01

-

0.01

0.09

0.09

-

0.09

0.09

0.09

-

0.09

0.09

0.09

-

0.09

0.09

0.08

-

0.08

0.08

0.07

-

-

-

0.07

-

-

-

0.07

-

-