NATIONAL BANKSHARES INC NKSH Income Statement

National bankshares inc (NKSH)

Income statement / TTM

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
34,066	33,869	33,451	32,908	32,070	31,333	30,712	30,180	30,011	29,932	29,712	29,648	29,484	29,365	29,592	29,859	30,170	30,446	30,461	30,514	30,733	31,058	31,260	31,727	32,100	32,484	33,507	34,234	34,795	35,354	35,682	35,943	36,297	36,514	36,670	36,746	0	0	0
Interest on interest-bearing deposits
1,481	1,523	1,211	915	759	672	697	810	815	791	726	599	518	532	490	447	352	254	242	252	261	262	245	226	220	213	214	229	227	240	238	215	194	155	140	133	0	0	0
Interest on securities – taxable
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	6,725	6,729	6,726	6,585	6,397	6,295	6,383	6,460	6,621	6,741	6,672	6,745	6,440	6,166	0	0	0
Interest on securities – nontaxable
2,452	3,030	3,544	3,834	4,118	4,363	4,561	4,681	4,763	4,826	4,883	4,975	5,047	5,123	5,210	5,292	5,363	5,438	5,511	5,595	5,712	5,826	5,951	6,096	6,240	6,388	6,509	6,562	6,535	6,463	6,421	6,403	6,432	6,532	6,554	6,529	0	0	0
Total interest income
45,397	45,147	44,788	44,445	43,878	43,224	42,581	41,937	41,506	41,260	40,831	40,687	40,684	40,930	41,569	42,172	42,604	42,914	43,068	43,255	43,585	43,944	44,181	44,778	45,286	45,670	46,627	47,320	47,940	48,517	48,962	49,302	49,595	49,946	49,804	49,574	0	0	0
Interest Expense
Interest on time deposits
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on time deposits of $100 or more
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,639	1,769	1,883	2,019	2,406	2,815	0	0	0
Interest on other deposits
7,121	7,380	6,193	5,885	5,419	4,883	4,461	4,318	4,202	4,125	4,330	4,286	4,255	4,166	4,502	4,363	4,217	4,183	4,005	4,083	4,497	4,899	5,132	5,538	5,706	5,955	6,908	7,297	7,606	7,887	6,609	6,825	7,039	7,165	7,327	7,486	0	0	0
Interest on borrowings
-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
-	-	-	6,528	-	-	-	4,275	4,178	-	4,113	4,111	4,126	4,166	4,186	4,176	4,164	4,183	4,289	4,427	4,671	4,899	5,097	5,338	5,591	5,955	6,431	6,979	7,449	7,887	8,248	8,594	8,922	9,184	9,733	10,301	0	0	0
Net interest income
38,014	37,767	37,640	37,917	38,119	38,177	38,082	37,662	37,328	37,135	36,718	36,576	36,558	36,764	37,383	37,996	38,440	38,731	38,779	38,828	38,914	39,045	39,084	39,440	39,695	39,715	40,196	40,341	40,491	40,630	40,714	40,708	40,673	40,762	40,071	39,273	0	0	0
Provision for loan losses
405	126	176	304	591	-81	-474	-496	-374	157	1,226	1,316	1,506	1,650	2,423	2,310	2,011	2,009	1,215	1,393	1,739	1,641	1,362	1,309	963	1,531	1,909	2,384	3,133	3,134	3,307	3,172	2,821	2,949	2,906	3,115	0	0	0
Net interest income after provision for loan losses
37,609	37,641	37,464	37,613	37,528	38,258	38,556	38,158	37,702	36,978	35,492	35,260	35,052	35,114	34,960	35,686	36,429	36,722	37,564	37,435	37,175	37,404	37,722	38,131	38,732	38,184	38,287	37,957	37,358	37,496	37,407	37,536	37,852	37,813	37,165	36,158	0	0	0
Noninterest Income:
Noninterest Income
6,129	6,154	6,152	6,146	6,210	6,266	6,317	6,270	6,195	6,114	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,352	2,274	2,275	2,250	2,277	2,340	2,377	2,434	2,474	2,549	2,567	2,563	2,560	2,525	2,551	2,594	2,621	2,639	2,636	2,617	2,658	2,738	0	0	0
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	216	214	216	215	206	203	193	187	231	226	230	225	252	255	254	243	243	260	278	287	237	234	0	0	0
Credit card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,820	3,829	3,836	3,861	3,787	3,744	3,729	3,631	3,590	3,495	3,387	3,330	3,264	3,237	3,224	3,278	3,273	3,271	3,258	3,197	3,110	3,065	0	0	0
Trust income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,334	1,318	1,263	1,229	1,194	1,176	1,209	1,213	1,204	1,175	1,154	1,150	1,143	1,147	1,276	1,313	1,307	1,300	1,167	1,087	1,133	1,130	0	0	0
BOLI income
912	910	904	896	892	901	914	925	843	758	672	588	593	597	599	602	601	603	562	563	590	616	617	646	645	658	755	778	802	814	808	792	778	762	756	743	0	0	0
Other income
1,266	1,643	1,572	1,627	1,569	1,005	1,214	1,147	1,166	1,148	982	1,009	1,272	1,289	1,374	1,362	1,326	1,295	1,294	1,264	1,074	1,037	0	0	0	-	-	-	851	669	497	492	457	449	365	329	0	0	0
Realized securities gain, net
0	-	0	0	0	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Realized securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	227	128	59	33	2	4	-1	2	3	-63	-54	-46	-17	26	16	60	130	146	133	90	-5	9	0	0	0
Total noninterest income
8,436	8,790	8,367	8,183	8,195	7,729	7,976	7,946	7,809	7,636	5,140	5,737	6,624	7,115	9,922	9,727	9,576	9,486	9,322	9,294	9,171	9,120	9,480	9,372	9,267	9,222	8,972	8,930	8,974	8,971	8,879	8,900	8,707	8,489	8,254	8,248	0	0	0
Noninterest Expense
Salaries and employee benefits
15,456	15,298	15,074	14,890	14,633	14,506	14,128	13,967	13,841	13,670	13,390	13,151	12,639	12,684	12,803	12,714	13,039	12,522	12,106	11,883	11,658	11,606	11,877	11,981	11,966	11,907	11,954	12,027	11,989	12,005	11,810	11,540	11,409	11,357	11,256	11,076	0	0	0
Occupancy, furniture and fixtures
1,851	1,866	1,859	1,824	1,838	1,845	1,850	1,876	1,854	1,820	1,827	1,831	1,810	1,849	1,824	1,799	1,771	1,743	1,750	1,715	1,712	1,703	1,646	1,637	1,624	1,616	1,638	1,631	1,624	1,589	1,573	1,535	1,573	1,599	1,658	1,786	0	0	0
Data processing and ATM
3,211	3,171	3,123	2,984	2,802	2,784	2,631	2,512	2,447	2,280	2,194	2,253	2,306	2,151	2,057	1,820	1,633	1,657	1,694	1,736	1,722	1,650	1,598	1,646	1,670	1,700	1,675	1,588	1,594	1,593	1,618	1,644	1,649	1,701	1,703	1,636	0	0	0
FDIC assessment
-	167	257	345	353	359	354	359	360	364	334	376	430	476	559	562	552	546	530	539	521	533	557	546	565	554	540	537	502	475	-29	191	440	677	1,322	1,238	0	0	0
Credit card processing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,755	2,741	2,704	2,692	2,692	2,664	2,654	2,593	2,579	2,562	2,543	2,546	2,479	2,430	2,422	2,442	2,431	2,463	2,471	2,485	2,459	2,404	0	0	0
Intangible assets amortization
-	-	-	-	-	50	48	49	49	68	95	122	178	257	410	639	840	999	1,075	1,075	1,075	1,075	1,076	1,076	1,076	1,078	1,080	1,081	1,083	1,083	1,082	1,083	1,083	1,083	1,083	1,083	0	0	0
Net costs of other real estate owned
44	47	75	332	493	553	586	370	261	205	435	448	432	472	232	209	213	608	665	715	756	369	363	317	298	296	191	197	235	208	446	440	432	518	401	376	0	0	0
Franchise taxes
1,362	1,333	1,303	1,274	1,261	1,278	1,297	1,315	1,324	1,315	1,305	1,294	1,287	1,296	1,303	1,311	1,311	1,288	1,268	1,246	1,211	1,182	1,153	1,126	1,104	1,083	1,058	1,036	997	901	808	765	0	-	0	0	-	-	-
Write-down of insurance receivable
-	-	-	-	-	2,010	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise taxes
1,362	1,333	1,303	1,274	1,261	1,278	1,297	1,315	1,324	1,315	1,304	1,294	0	-	0	0	-	-	-	-	-	-	1,153	1,126	1,104	1,083	1,058	1,036	997	901	808	765	0	-	0	0	-	-	-
Franchise taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other operating expenses
3,750	3,872	3,825	3,932	3,873	3,891	4,087	4,101	4,250	4,507	4,203	4,182	4,127	3,803	3,870	3,717	3,576	3,580	3,659	3,662	3,621	3,721	3,563	3,549	3,671	3,519	3,574	3,607	3,282	3,179	3,213	3,143	3,287	3,217	3,080	3,093	0	0	0
Total noninterest expense
25,756	25,754	25,529	25,606	25,577	27,276	26,992	26,560	26,110	24,229	22,081	22,670	22,934	23,335	25,813	25,512	25,639	25,635	25,439	25,235	24,930	24,432	24,412	24,440	24,517	24,299	24,189	24,134	23,728	23,475	22,951	22,750	23,044	23,417	23,822	23,632	0	0	0
Income before income taxes
20,289	20,677	20,302	20,190	20,146	18,711	19,540	19,544	19,401	20,385	18,551	18,327	18,742	18,894	19,069	19,901	20,366	20,573	21,447	21,494	21,416	22,092	22,790	23,063	23,482	23,107	23,070	22,753	22,604	22,992	23,335	23,686	23,515	22,885	21,597	20,774	0	0	0
Income tax expense
3,287	3,211	3,050	2,939	2,848	2,560	4,864	5,334	5,662	6,293	4,077	3,810	3,930	3,952	4,039	4,500	4,720	4,740	5,034	5,017	4,940	5,178	5,392	5,411	5,504	5,317	5,217	5,124	5,070	5,245	5,384	5,519	5,472	5,247	4,851	4,541	0	0	0
Net Income
17,002	17,466	17,252	17,251	17,298	16,151	14,676	14,210	13,739	14,092	14,474	14,517	14,812	14,942	15,030	15,401	15,646	15,833	16,413	16,477	16,476	16,914	17,398	17,652	17,978	17,790	17,853	17,629	17,534	17,747	17,951	18,167	18,043	17,638	16,746	16,233	0	0	0
Basic net income per common share (in dollars per share)
0.61	0.74	0.65	0.61	0.65	0.66	0.61	0.58	0.47	-1,567.97	540.00	510.00	520.00	0.50	0.55	0.56	0.54	0.52	0.60	0.59	0.57	0.60	0.61	0.59	0.63	0.66	0.65	0.64	0.61	0.67	0.62	0.63	0.64	0.70	0.65	0.61	0.58	0.58	0.58
Fully diluted net income per common share (in dollars per share)
0.61	0.74	0.65	0.61	0.65	0.66	0.61	0.58	0.47	0.46	0.54	0.51	0.52	0.50	0.55	0.56	0.54	0.52	0.60	0.59	0.57	0.60	0.61	0.59	0.63	0.66	0.65	0.64	0.60	0.67	0.62	0.62	0.64	0.70	0.65	0.61	0.58	0.58	0.58
Weighted average number of common shares outstanding – basic and diluted (in shares)
6,489	-	6,499	6,505	6,839	-	6,957	6,957	6,957	-	6,957	6,957	6,957	-	6,957	6,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average number of common shares outstanding basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,957	-	6,955	6,952	6,950,474	-	6,948,681	6,947,974	6,947,974	-	6,947	6,947	6,947	-	6,941	6,939	6,939	-	6,937	6,936	6,933	6,933	6,933
Weighted average number of common shares outstanding diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,957	-	6,959	6,956	6,955,023	-	6,956,777	6,960,683	6,963,865	-	6,972	6,968	6,969	-	6,962	6,957	6,954	-	6,945	6,946	6,957	6,942	6,946
Dividends declared per common share (in dollars per share)
-	-	-	0.67	-	-	-	0.58	-	-	0.00	0.56	0.00	-	0.00	0.55	0.00	-	0.00	0.53	0.00	-	-	0.55	-	-	-	0.54	-	-	0.00	0.53	0.00	-	0.00	0.48	0.00	0.00	0.44
Write-down of insurance receivable
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income
17,002	17,466	17,252	17,251	17,298	16,151	14,676	14,210	13,739	14,092	14,474	14,517	14,812	14,942	15,030	15,401	15,646	15,833	0	0	0	-	17,398	17,652	17,978	17,790	17,853	17,629	17,534	17,747	17,951	18,167	18,043	17,638	16,746	16,233	0	0	0
Deposit Account [Member]
Noninterest Income
2,445	2,453	2,481	2,511	2,598	2,678	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other [Member]
Noninterest Income
185	198	194	168	151	132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Noninterest Income
1,395	1,398	1,375	1,387	1,396	1,431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fiduciary and Trust [Member]
Noninterest Income
1,659	1,622	1,642	1,557	1,560	1,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-