| Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | ||
|---|---|---|---|---|---|---|
Operating revenues | ||||||
Electronic payment processing | ||||||
89,651 | 85,483 | 82,473 | 80,920 | - | ||
Web hosting and design | ||||||
17,375 | 18,208 | 19,181 | 19,164 | - | ||
Premium income | ||||||
19,456 | 12,367 | 12,468 | 2,428 | - | ||
Interest income | ||||||
4,838 | 3,422 | 2,629 | 1,903 | - | ||
Servicing fee income - NSBF portfolio | ||||||
2,769 | 2,298 | 1,635 | - | - | ||
Servicing fee income - NSBF portfolio | ||||||
- | - | - | 1,784 | - | ||
Servicing fee income - external portfolios | ||||||
3,796 | 4,564 | 1,466 | 784 | - | ||
Income from tax credits | ||||||
113 | 522 | 1,390 | 2,380 | - | ||
Insurance commissions | ||||||
1,737 | 1,205 | 1,071 | 886 | - | ||
Other income | ||||||
3,858 | 3,061 | 3,026 | 2,470 | - | ||
Total operating revenues | ||||||
143,593 | 131,130 | 125,339 | 112,719 | - | ||
Net change in fair value of: | ||||||
Operating revenues | ||||||
- | - | - | - | 105,711 | ||
SBA loans | ||||||
-1,226 | -1,013 | -5,493 | 3,494 | - | ||
Warrants | ||||||
- | -111 | - | - | - | ||
Credits in lieu of cash and notes payable in credits in lieu of cash | ||||||
21 | 3 | -131 | 38 | 900 | ||
Total net change in fair value | ||||||
-1,205 | -1,121 | -5,624 | 3,532 | - | ||
Operating expenses: | ||||||
Total net change in fair value | ||||||
- | - | - | - | 900 | ||
Electronic payment processing costs | ||||||
75,761 | 72,183 | 69,389 | 68,187 | 58,312 | ||
Salaries and benefits | ||||||
24,360 | 22,314 | 21,042 | 19,391 | 18,375 | ||
Interest | ||||||
5,863 | 4,495 | 3,416 | 4,479 | 10,350 | ||
Depreciation and amortization | ||||||
3,284 | 3,036 | 3,955 | 4,709 | 5,847 | ||
Provision for loan losses | ||||||
1,322 | 810 | 763 | 1,909 | 1,833 | ||
Lease restructuring charges | ||||||
- | - | 990 | - | - | ||
Other general and administrative costs | ||||||
20,729 | 17,732 | 18,132 | 16,699 | 15,896 | ||
Total operating expenses | ||||||
131,319 | 120,570 | 117,687 | 115,374 | - | ||
Income before income taxes | ||||||
11,069 | 9,439 | 2,028 | - | - | ||
Total operating expenses | ||||||
- | - | - | - | 110,613 | ||
Income before income taxes | ||||||
- | - | - | 877 | -4,002 | ||
Provision for income taxes | ||||||
3,918 | 3,882 | -1,195 | -418 | -2,593 | ||
Net income | ||||||
7,151 | 5,557 | 3,223 | 1,295 | -1,409 | ||
Net income attributable to non-controlling interests | ||||||
-377 | -86 | -112 | -144 | -980 | ||
Net income attributable to Newtek Business Services, Inc. | ||||||
- | - | - | 1,439 | -429 | ||
Net income attributable to Newtek Business Services, Inc. | ||||||
7,528 | 5,643 | 3,335 | - | - | ||
Weighted average common shares outstanding - basic | ||||||
35,295 | 35,523 | 35,706 | 35,655 | 35,644 | ||
Weighted average common shares outstanding - diluted | ||||||
37,905 | 36,747 | 36,073 | 35,801 | 35,644 | ||
Earnings per share - basic | ||||||
0.21 | 0.16 | 0.09 | 0.04 | - | ||
Earnings per share - diluted | ||||||
0.20 | 0.15 | 0.09 | 0.04 | - | ||
Earnings per share - basic and diluted | ||||||
- | - | - | - | -0.01 | ||