Northfield bancorp, inc. (NFBK)
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'13Sep'12Jun'12
Interest income:
Loans

35,337

34,950

35,285

33,308

32,590

32,905

32,443

31,456

30,787

31,255

30,424

29,653

29,008

28,984

28,222

27,682

26,888

23,145

22,077

21,291

20,666

19,882

18,263

17,466

17,796

17,451

17,827

16,707

16,487

15,162

14,875

Mortgage-backed securities

5,622

5,628

5,409

4,599

4,074

3,718

3,475

3,068

2,726

2,383

2,175

2,260

2,356

2,510

2,665

2,888

2,769

2,946

3,134

3,325

3,577

3,832

4,097

4,343

4,589

4,825

5,097

5,606

6,392

6,799

6,843

Other securities

1,024

1,256

1,511

1,699

1,865

1,685

1,104

821

502

405

370

283

252

246

252

237

173

36

64

94

134

144

146

157

157

191

325

502

441

559

890

Federal Home Loan Bank of New York dividends

577

480

396

340

402

443

428

398

414

400

365

325

371

310

302

282

277

244

265

297

343

201

189

172

210

138

124

118

156

151

142

Deposits in other financial institutions

172

323

246

247

535

197

277

192

253

172

191

139

82

60

84

79

62

27

30

30

33

20

12

13

12

15

7

21

40

19

10

Total interest income

42,732

42,637

42,847

40,193

39,466

38,948

37,727

35,935

34,682

34,615

33,525

32,660

32,069

32,110

31,525

31,168

30,169

26,398

25,570

25,037

24,753

24,079

22,707

22,151

22,764

22,620

23,380

22,954

23,516

22,690

22,760

Interest expense:
Interest Expense, Deposits

9,279

10,016

10,516

10,549

10,247

8,887

7,593

6,050

5,211

4,699

4,168

3,899

3,620

3,615

3,545

3,703

3,424

3,050

2,841

2,458

2,074

1,534

1,365

1,254

1,238

1,321

1,442

1,600

2,138

2,447

2,461

Borrowings

3,520

4,145

3,511

2,485

1,889

2,057

2,210

2,115

1,927

1,961

2,005

1,852

1,772

1,811

1,729

1,824

2,017

2,120

2,156

2,294

2,695

2,801

2,372

2,377

2,411

2,617

2,618

2,599

2,613

3,244

3,286

Total interest expense

12,799

14,161

14,027

13,034

12,136

10,944

9,803

8,165

7,138

6,660

6,173

5,751

5,392

5,426

5,274

5,527

5,441

5,170

4,997

4,752

4,769

4,335

3,737

3,631

3,649

3,938

4,060

4,199

4,751

5,691

5,747

Net interest income

29,933

28,476

28,820

27,159

27,330

28,004

27,924

27,770

27,544

27,955

27,352

26,909

26,677

26,684

26,251

25,641

24,728

21,228

20,573

20,285

19,984

19,744

18,970

18,520

19,115

18,682

19,320

18,755

18,765

16,999

17,013

Provision for loan losses

8,183

772

-1,300

491

59

607

1,304

670

34

40

488

511

372

280

472

14

-131

-119

200

72

200

57

317

-146

417

416

817

417

277

502

544

Net interest income after provision for loan losses

21,750

27,704

30,120

26,668

27,271

27,397

26,620

27,100

27,510

27,915

26,864

26,398

26,305

26,404

25,779

25,627

24,859

21,347

20,373

20,213

19,784

19,687

18,653

18,666

18,698

18,266

18,503

18,338

18,488

16,497

16,469

Non-interest income:
Revenue from Contract with Customer, Excluding Assessed Tax

1,120

1,248

1,286

1,207

1,140

1,275

1,241

1,147

1,214

1,139

1,238

1,107

1,218

1,307

1,255

1,174

1,198

997

1,047

976

925

1,031

983

1,030

1,029

897

801

773

711

720

763

Bank Owned Life Insurance Income

876

1,952

3,268

907

896

918

919

914

954

948

970

1,010

2,458

997

1,008

1,004

989

938

947

941

941

963

971

984

984

1,019

999

824

765

710

710

Debt Securities, Available-for-sale, Gain (Loss)

-13

177

123

59

155

-

7

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt and Equity Securities, Gain (Loss)

-1,992

531

28

343

1,086

-1,649

412

197

161

113

337

256

408

202

362

247

2

-5

-388

-7

61

17

-233

319

124

276

743

385

1,813

428

-77

Other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

362

72

-

-

Portion recognized in other comprehensive income (before taxes)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net impairment losses on securities recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

362

72

-

-

Other

117

287

28

50

37

41

58

71

76

74

70

64

63

137

42

108

40

192

60

96

177

50

119

54

35

427

45

78

39

-148

34

Total non-interest income

108

4,195

4,733

2,566

3,314

640

2,637

2,445

2,405

2,443

2,615

2,437

4,147

2,643

2,667

2,533

2,229

2,122

1,666

2,006

2,104

2,061

1,840

2,387

2,172

2,619

2,588

1,698

3,256

1,710

1,430

Non-interest expense:
Compensation and employee benefits

7,289

9,681

9,033

9,837

11,020

7,121

9,443

9,121

9,117

8,898

9,593

9,774

9,972

8,889

9,565

9,627

11,699

7,254

7,265

7,684

7,557

7,626

6,796

6,538

5,235

6,872

6,756

6,602

6,912

5,950

5,644

Occupancy

3,060

4,190

3,084

3,120

3,282

3,035

3,015

2,950

3,096

2,810

2,807

2,696

2,957

2,814

2,828

2,707

3,062

2,435

2,524

2,467

2,613

2,354

2,361

2,280

2,621

2,370

2,479

2,458

2,402

2,201

2,064

Furniture and equipment

333

281

280

265

259

257

239

252

256

270

279

287

305

347

349

371

354

329

349

369

381

396

404

417

419

436

432

454

429

375

356

Data processing

1,460

1,462

1,517

1,437

1,263

1,484

1,153

1,150

1,224

1,149

1,155

1,120

1,161

1,135

1,674

1,386

1,859

963

881

981

977

819

894

996

971

877

874

954

1,596

826

920

Professional fees

1,109

1,049

938

811

747

924

886

909

763

740

569

595

870

840

684

696

1,241

791

953

719

574

701

551

680

526

664

753

722

746

684

938

Advertising

818

601

746

1,331

764

911

561

643

611

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance

0

26

5

255

277

253

241

274

297

269

279

258

258

276

256

487

475

398

366

397

389

363

323

311

309

301

379

365

387

409

383

Other

1,613

1,436

1,266

1,694

1,592

1,792

1,562

1,741

1,762

391

2,146

1,888

2,021

390

2,021

2,220

2,809

2,278

2,509

1,897

1,809

1,754

1,939

1,476

1,982

1,469

1,636

1,654

1,894

1,583

1,496

Total non-interest expense

15,682

18,726

16,869

18,750

19,204

15,777

17,100

17,040

17,126

16,388

16,828

16,618

17,544

16,576

17,377

17,494

21,499

14,448

14,847

14,514

14,300

14,013

13,268

12,698

12,063

12,989

13,309

13,209

14,366

12,028

11,801

Income before income tax expense

6,176

13,173

17,984

10,484

11,381

12,260

12,157

12,505

12,789

13,970

12,651

12,217

12,908

12,471

11,069

10,666

5,589

9,021

7,192

7,705

7,588

7,735

7,225

8,355

8,807

7,896

7,782

6,827

7,378

6,179

6,098

Income tax expense

1,625

3,052

4,845

2,280

2,610

2,314

3,081

1,893

2,344

15,686

4,525

3,807

2,960

4,273

3,782

3,681

1,929

3,464

2,515

3,410

2,586

2,857

2,496

2,915

3,588

2,940

2,682

2,528

2,586

2,285

2,150

Net Income (Loss) Attributable to Parent

4,551

10,121

13,139

8,204

8,771

9,946

9,076

10,612

10,445

-1,716

8,126

8,410

9,948

8,198

7,287

6,985

3,660

5,557

4,677

4,295

5,002

4,878

4,729

5,440

5,219

4,956

5,100

4,299

4,792

3,894

3,948

Earnings Per Share [Abstract]
Basic (usd per share)

0.10

0.21

0.28

0.18

0.19

0.22

0.19

0.23

0.23

-0.04

0.18

0.19

0.22

0.19

0.16

0.16

0.08

0.14

0.11

0.10

0.11

0.10

0.10

0.11

0.10

0.09

0.09

0.08

0.09

0.07

0.07

Diluted (usd per share)

0.10

0.21

0.28

0.17

0.19

0.21

0.19

0.23

0.22

-0.03

0.17

0.18

0.21

0.18

0.16

0.15

0.08

0.13

0.11

0.10

0.11

0.10

0.10

0.11

0.10

0.08

0.09

0.08

0.09

0.07

0.07

Net Income (Loss) Attributable to Parent

4,551

10,121

13,139

8,204

8,771

9,946

9,076

10,612

10,445

-1,716

8,126

8,410

9,948

8,198

7,287

6,985

3,660

5,557

4,677

4,295

5,002

4,878

4,729

5,440

5,219

4,956

5,100

4,299

4,792

3,894

3,948

Other comprehensive income:
Unrealized gains on debt securities available-for-sale:
Net unrealized holding gains

8,310

-576

1,549

9,930

8,763

5,914

-2,674

-2,290

-6,153

-3,365

-4

2,107

979

-11,607

-850

2,978

7,277

-5,864

3,463

-5,894

4,619

7,022

-4,586

2,759

3,340

-6,649

-4,670

-21,216

-4,914

3,657

2,173

Less: reclassification adjustment for net losses (gains) included in net income

-13

177

123

59

155

0

7

116

55

173

0

-4

0

83

17

155

51

1

13

43

0

153

30

144

55

9

353

322

1,570

-225

-66

Net unrealized gains

8,323

-753

1,426

9,871

8,608

5,914

-2,681

-2,406

-6,208

-3,538

-4

2,111

979

-11,690

-867

2,823

7,226

-5,865

3,450

-5,937

4,619

6,869

-4,616

2,615

3,285

-6,658

-5,023

-21,538

-6,484

3,432

2,107

Post-retirement benefits adjustment

-

-

-

-

-

-

-

-

-

7

-27

-27

-27

-244

0

0

0

-

-

-

-

548

0

0

1,141

-

0

0

-

-

-

Reclassification adjustment for other-than-temporary impairment (OTTI) included in net income (included OTTI losses on securities)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-362

-72

-

-

Other comprehensive income (loss), before tax

-

-

-

-

-

-

-

-

-

-3,545

23

2,138

1,006

-11,446

-867

2,823

7,226

-5,844

3,450

-5,937

4,619

6,321

-4,616

2,615

2,144

-5,524

-5,023

-21,176

-6,412

3,432

2,107

Income tax expense related to net unrealized holding gains on debt securities available-for-sale

2,326

-161

434

2,779

2,453

1,655

-748

-640

-1,729

-1,347

-1

844

391

-4,665

-340

1,196

2,915

-2,348

1,385

-2,359

1,846

2,806

-1,837

1,103

1,336

-2,915

-1,873

-8,269

-1,923

1,463

868

Income tax benefit related to reclassification adjustment for (losses) gains included in net income

-3

50

34

17

43

0

2

33

15

70

0

-2

0

33

7

62

20

0

6

17

0

61

12

58

22

4

141

129

628

-90

-26

Income tax expense related to post retirement benefit adjustment

-

-

-

-

-

-

-

-

-

-

-11

-11

-

-98

0

0

0

-

-

-

-

218

0

0

458

-

0

0

-

-

-

Income tax benefit related to reclassification adjustment for OTTI impairment included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-145

-29

-

-

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

5,994

-487

1,026

7,109

6,198

4,432

-1,931

-1,733

-4,464

-2,125

13

1,281

604

-6,846

-520

1,689

4,331

-3,504

2,071

-3,561

2,773

3,794

-2,767

1,570

1,288

-3,059

-3,009

-12,923

-3,890

2,059

1,265

Comprehensive income

10,545

9,634

14,165

15,313

14,969

14,378

7,145

8,879

5,981

-3,841

8,139

9,691

10,552

1,352

6,767

8,674

7,991

2,053

6,748

734

7,775

8,672

1,962

7,010

6,507

1,897

2,091

-8,624

902

5,953

5,213