Nbt bancorp inc (NBTB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'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'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest, fee and dividend income
Interest and fees on loans

78,728

79,800

81,082

81,271

79,321

78,963

77,249

74,172

70,443

69,697

68,086

65,286

64,027

63,901

63,414

62,449

61,230

60,781

61,656

59,873

59,518

61,577

61,173

60,559

60,015

61,173

61,773

62,031

53,695

53,924

53,817

50,509

50,208

51,393

50,991

51,126

50,860

52,933

53,301

53,503

53,692

54,666

54,886

Securities available for sale

5,753

5,639

5,711

6,031

5,922

6,332

6,659

7,003

6,926

7,059

7,278

7,218

7,009

6,057

6,013

5,976

5,987

5,204

5,125

5,144

4,945

5,000

6,095

6,612

6,757

6,707

6,520

6,537

5,746

5,981

6,550

7,108

7,366

7,461

7,771

7,947

7,904

7,944

8,621

9,556

10,046

11,116

11,671

Securities held to maturity

4,091

4,213

4,586

5,089

5,217

4,344

3,462

2,811

2,625

2,671

2,746

2,736

2,781

2,524

2,544

2,496

2,288

2,317

2,318

2,315

2,283

2,357

1,353

783

768

783

804

548

525

549

572

617

640

661

680

745

800

845

908

1,078

1,137

1,239

1,209

Other

829

924

1,002

842

884

885

834

781

766

803

737

654

619

627

538

454

449

469

401

395

480

480

513

502

537

518

472

488

403

403

348

413

392

383

342

440

493

627

482

469

596

615

606

Total interest, fee and dividend income

89,401

90,576

92,381

93,233

91,344

90,524

88,204

84,767

80,760

80,230

78,847

75,894

74,436

73,109

72,509

71,375

69,954

68,771

69,500

67,727

67,226

69,414

69,134

68,456

68,077

69,181

69,569

69,604

60,369

60,857

61,287

58,647

58,606

59,898

59,784

60,258

60,057

62,349

63,312

64,606

65,471

67,636

68,372

Interest expense
Deposits

9,104

10,181

10,745

10,234

8,826

6,977

6,157

5,079

3,931

3,817

3,648

3,536

3,474

3,557

3,607

3,605

3,597

3,613

3,554

3,517

3,573

3,856

3,498

3,000

3,284

3,845

3,999

4,296

4,150

4,327

4,544

4,834

5,143

5,330

5,352

6,051

6,287

6,727

7,174

7,999

8,454

12,002

13,123

Short-term borrowings

1,797

1,707

1,989

2,760

3,237

3,131

3,000

2,455

1,966

1,621

1,870

1,366

1,139

641

761

579

328

222

296

144

121

143

262

209

231

174

232

67

42

39

60

48

41

39

56

52

58

64

91

123

124

142

124

Interest expense incurred on all long-term debt during the reporting period, excluding junior subordinated debentures.

393

484

498

471

422

431

431

452

476

505

589

599

606

779

819

773

833

848

845

836

826

846

1,067

2,135

2,507

2,559

2,561

3,026

3,609

3,627

3,640

3,580

3,581

3,621

3,621

3,591

3,571

4,025

4,374

4,850

5,065

5,761

5,998

Junior subordinated debt

926

1,021

1,095

1,141

1,168

1,110

1,089

1,040

901

836

810

772

726

707

660

641

619

576

560

545

540

545

544

538

538

545

551

560

428

411

436

434

449

409

394

400

889

1,034

1,046

1,033

1,027

1,049

1,076

Total interest expense

12,220

13,393

14,327

14,606

13,653

11,649

10,677

9,026

7,274

6,779

6,917

6,273

5,945

5,684

5,847

5,598

5,377

5,259

5,255

5,042

5,060

5,390

5,371

5,882

6,560

7,123

7,343

7,949

8,229

8,404

8,680

8,896

9,214

9,399

9,423

10,094

10,805

11,850

12,685

14,005

14,670

18,954

20,321

Net interest income

77,181

77,183

78,054

78,627

77,691

78,875

77,527

75,741

73,486

73,451

71,930

69,621

68,491

67,425

66,662

65,777

64,577

63,512

64,245

62,685

62,166

64,024

63,763

62,574

61,517

62,058

62,226

61,655

52,140

52,453

52,607

49,751

49,392

50,499

50,361

50,164

49,252

50,499

50,627

50,601

50,801

48,682

48,051

Provision for loan losses

29,640

6,004

6,324

7,277

5,807

6,528

6,026

8,778

7,496

8,153

7,889

7,567

7,379

8,165

6,388

4,780

6,098

5,779

4,966

3,898

3,642

6,892

4,885

4,166

3,596

5,166

5,198

6,402

5,658

6,940

4,755

4,103

4,471

5,576

5,175

6,021

3,965

6,687

7,529

6,350

9,243

9,101

9,199

Net interest income after provision for loan losses

47,541

71,179

71,730

71,350

71,884

72,347

71,501

66,963

65,990

65,298

64,041

62,054

61,112

59,260

60,274

60,997

58,479

57,733

59,279

58,787

58,524

57,132

58,878

58,408

57,921

56,892

57,028

55,253

46,482

45,513

47,852

45,648

44,921

44,923

45,186

44,143

45,287

43,812

43,098

44,251

41,558

39,581

38,852

Noninterest income
Insurance and other financial services revenue

-

-

6,421

5,938

-

5,843

6,172

5,826

6,504

5,605

5,536

5,621

6,770

5,711

6,114

5,625

6,946

6,139

5,862

5,836

6,374

6,007

6,179

5,594

6,737

5,761

6,038

5,755

6,893

5,363

5,591

5,279

6,154

4,918

5,127

5,025

5,773

4,327

4,595

4,700

5,245

4,368

4,220

Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from non-transaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended period

3,997

4,361

4,330

4,224

4,236

4,503

4,503

4,246

3,972

4,351

4,261

4,161

3,977

4,270

4,354

4,166

3,939

4,350

4,349

4,285

4,072

4,656

4,519

4,397

4,369

4,996

5,055

4,933

4,323

4,687

4,626

4,571

4,341

5,405

5,532

5,455

5,072

5,657

5,953

6,301

6,130

7,110

6,950

Includes amounts charged depositors for use of automated teller machines or remote service units.

5,854

5,935

6,277

6,156

5,525

5,704

5,906

5,816

5,273

5,347

5,557

5,518

4,950

4,868

5,063

4,934

4,583

4,541

4,780

4,679

4,248

4,266

4,440

4,357

4,072

3,996

4,276

4,044

3,242

2,955

3,378

3,063

2,962

2,911

3,135

2,928

2,668

2,546

2,660

2,462

2,367

2,443

2,368

Includes amounts charged to customers for administration of retirement plans.

7,941

7,218

7,600

7,836

7,734

7,113

7,244

7,296

5,339

5,332

5,272

5,437

4,172

4,126

4,129

4,054

3,754

4,135

3,249

3,566

3,196

2,962

3,272

2,977

2,918

2,796

3,062

2,957

2,682

2,635

2,718

2,411

2,333

2,184

2,295

2,268

2,171

2,759

2,612

2,595

2,390

2,412

2,194

Includes amounts charged to customers for wealth management.

7,273

-

-

-

6,563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance

4,269

-

-

-

4,744

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount of noninterest income derived from trust services during the period.

-

-

5,209

4,731

-

4,573

4,808

5,265

4,878

4,966

4,927

5,161

4,532

4,717

4,535

4,937

4,376

4,769

4,611

5,196

4,450

4,793

4,758

4,953

4,446

4,725

4,345

4,699

2,913

2,489

2,242

2,312

2,129

2,480

2,090

2,258

2,036

2,261

1,786

1,909

1,766

1,668

1,761

Bank owned life insurance income

1,374

1,236

1,556

1,186

1,377

1,239

1,288

1,217

1,347

1,262

1,284

1,218

1,411

1,297

1,336

1,271

1,291

916

931

928

1,559

1,894

1,095

978

1,382

1,145

913

886

849

849

639

618

971

716

674

660

1,035

872

655

808

981

683

670

Net securities (losses) gains

-812

189

4,036

-69

57

-6,916

412

91

72

1,869

-4

2

0

-674

0

1

29

3,044

3

26

14

33

38

14

7

13

329

-61

1,145

21

26

97

455

52

12

59

27

2,063

1,120

63

28

129

17

Gain on sale of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,179

-

-

-

0

19,401

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

5,527

6,738

4,291

4,239

3,585

3,887

3,048

4,401

3,892

1,922

3,945

3,186

2,938

3,773

4,113

4,626

3,449

4,577

3,297

3,699

2,621

2,435

2,376

3,356

2,346

1,870

3,129

2,324

3,182

2,963

2,407

2,331

3,711

1,464

1,329

1,208

1,344

1,751

1,610

1,482

1,434

2,037

1,665

Total noninterest income

35,423

36,241

39,720

34,241

33,821

25,946

33,381

34,158

31,277

31,472

30,778

30,304

28,750

28,088

29,644

29,614

28,367

32,471

31,261

28,215

26,534

27,046

26,677

46,027

26,277

25,302

27,147

25,537

25,229

21,962

21,627

20,682

23,056

20,130

20,194

19,861

20,126

22,236

20,991

20,320

20,341

20,850

19,845

Noninterest expense
Salaries and employee benefits

40,750

39,592

39,352

38,567

39,356

38,998

38,394

37,726

36,567

34,458

33,674

33,503

33,587

33,905

32,783

32,931

32,441

34,393

30,227

30,831

30,182

30,058

28,933

31,142

29,534

28,106

29,267

29,160

27,047

26,457

26,641

24,992

26,725

25,105

25,068

24,035

25,004

23,200

24,090

24,224

22,204

21,272

19,947

Occupancy

5,995

5,653

5,335

5,443

6,275

5,284

5,380

5,535

6,119

5,280

5,174

5,184

6,170

5,160

5,035

5,254

5,491

5,291

5,326

5,412

6,066

5,256

5,211

5,435

6,226

5,262

5,262

5,219

4,977

4,265

4,437

4,222

4,491

3,967

3,887

3,987

4,522

3,823

3,709

3,666

4,152

3,481

3,610

Data processing and communications

4,233

4,719

4,492

4,693

4,414

4,431

4,434

4,508

4,279

4,242

4,399

4,229

4,198

4,141

4,183

4,121

4,050

3,990

4,207

4,288

4,103

4,092

4,029

4,015

4,001

3,985

4,059

3,854

3,455

3,396

3,352

3,431

3,258

3,186

3,054

3,117

2,914

2,893

2,971

3,265

3,218

3,305

3,324

Professional fees and outside services

3,897

4,223

3,535

3,359

3,668

3,968

3,580

3,336

3,492

3,751

3,107

3,609

3,032

3,712

3,343

3,331

3,231

3,378

3,137

3,395

3,497

3,564

3,695

3,752

3,415

3,969

3,202

3,237

2,901

2,615

2,735

2,388

2,725

2,552

2,215

2,088

2,066

2,489

2,068

2,191

2,284

2,691

2,407

Equipment

4,642

4,821

4,487

4,518

4,757

4,529

4,319

4,151

4,038

4,001

3,733

3,793

3,698

3,632

3,656

3,547

3,460

3,491

3,352

3,316

3,249

3,211

3,199

3,132

3,116

3,013

2,988

2,910

2,582

2,403

2,435

2,409

2,380

2,206

2,288

2,180

2,190

2,123

2,053

2,041

2,100

1,997

2,005

Office supplies and postage

1,636

1,744

1,667

1,577

1,591

1,564

1,563

1,504

1,573

1,604

1,432

1,640

1,608

1,507

1,438

1,676

1,547

1,545

1,576

1,627

1,619

1,762

1,733

1,803

1,685

1,677

1,640

1,656

1,590

1,647

1,597

1,574

1,671

1,655

1,531

1,342

1,545

1,564

1,542

1,454

1,542

1,426

1,429

FDIC expenses

311

0

-20

949

1,017

1,135

1,223

1,092

1,201

1,196

1,257

1,136

1,178

1,273

1,287

1,293

1,258

1,312

1,355

1,280

1,198

1,303

1,134

1,229

1,278

1,272

1,285

1,273

1,130

1,020

939

942

931

886

920

965

1,496

1,347

1,621

1,560

1,553

1,535

4,032

Advertising

609

952

677

641

503

1,006

739

700

337

1,033

665

656

390

823

634

595

504

780

421

734

719

963

403

726

739

759

722

1,000

723

581

701

805

802

1,174

685

1,033

568

1,265

730

825

667

-

-

Amortization of intangible assets

834

865

874

893

968

936

1,054

1,096

914

1,001

993

1,039

967

952

952

928

1,096

1,228

1,165

1,187

1,284

1,226

1,275

1,236

1,310

1,324

1,346

1,351

851

864

870

841

819

760

782

771

733

744

767

780

781

827

825

Includes expenses incurred to support loan collection efforts and administration of other real estate owned.

1,017

1,436

976

961

785

738

1,234

908

1,337

1,136

1,684

664

1,279

923

985

845

705

1,027

699

22

872

702

705

801

1,040

594

886

421

718

509

614

799

638

793

676

443

719

761

548

668

1,059

755

674

Merger expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

326

1,269

10,681

713

558

826

511

-

155

0

-

-

-

-

-

-

-

Prepayment penalties on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,349

4,554

-

-

0

0

-

-

-

-

-

-

-

-

-

-

1,205

-

-

0

-

Other

6,957

6,310

8,374

4,630

5,126

6,273

4,577

4,332

4,415

5,782

4,483

4,868

5,175

1,611

5,318

5,924

4,441

4,184

8,426

5,872

4,913

4,607

5,401

4,911

5,173

5,437

5,303

5,100

4,050

4,122

4,552

4,161

3,523

4,479

3,785

3,196

3,304

3,720

3,380

3,523

2,600

3,743

3,686

Total noninterest expense

70,881

70,294

69,749

66,231

68,460

68,904

66,497

64,888

64,272

63,444

60,601

60,321

61,282

57,639

59,614

60,445

58,224

60,619

59,891

57,964

57,702

56,743

69,067

62,736

57,517

55,486

56,286

56,450

60,705

48,592

49,431

47,390

48,474

47,412

45,046

43,157

45,061

47,250

44,684

44,197

42,160

41,032

41,939

Income before income tax expense

12,083

37,126

41,701

39,360

37,245

29,389

38,385

36,233

32,995

33,326

34,218

32,037

28,580

29,709

30,304

30,166

28,622

29,585

30,649

29,038

27,356

27,435

16,488

41,699

26,681

26,708

27,889

24,340

11,006

18,883

20,048

18,940

19,503

17,641

20,334

20,847

20,352

18,798

19,405

20,374

19,739

19,399

16,758

Income tax expense

1,715

8,166

9,322

8,805

8,118

737

8,578

8,112

7,009

15,689

11,342

10,678

8,301

10,101

10,303

10,257

9,731

10,458

10,798

9,757

9,190

8,922

5,576

14,059

8,672

8,783

8,632

7,424

3,357

5,767

5,513

5,683

5,853

3,919

5,117

6,192

6,045

4,364

4,835

5,950

5,763

5,821

5,198

Net income

10,368

28,960

32,379

30,555

29,127

28,652

29,807

28,121

25,986

17,637

22,876

21,359

20,279

19,608

20,001

19,909

18,891

19,127

19,851

19,281

18,166

18,513

10,912

27,640

18,009

17,925

19,257

16,916

7,649

13,116

14,535

13,257

13,650

13,722

15,217

14,655

14,307

14,434

14,570

14,424

13,976

13,578

11,560

Earnings per share
Basic (in dollars per share)

0.24

0.65

0.74

0.70

0.67

0.66

0.68

0.64

0.60

0.41

0.52

0.49

0.47

0.45

0.46

0.46

0.44

0.44

0.45

0.44

0.41

0.42

0.25

0.63

0.41

0.43

0.44

0.39

0.21

0.39

0.43

0.40

0.41

0.41

0.46

0.43

0.42

0.42

0.42

0.42

0.41

0.40

0.34

Diluted (in dollars per share)

0.23

0.66

0.73

0.69

0.66

0.65

0.68

0.64

0.59

0.40

0.52

0.49

0.46

0.45

0.46

0.46

0.43

0.43

0.45

0.43

0.41

0.41

0.25

0.62

0.41

0.43

0.44

0.38

0.21

0.38

0.43

0.40

0.41

0.42

0.45

0.43

0.41

0.41

0.42

0.42

0.41

0.40

0.34