Oconee Federal Financial Corp. OFED Income Statement

Oconee federal financial corp. (OFED)

Income statement / Quarterly

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	Dec'10	Sep'10
Interest and dividend income:
Loans, including fees
4,174	4,143	4,118	4,231	4,123	4,050	3,767	3,632	3,635	3,621	3,555	3,625	3,633	3,639	3,737	3,661	3,984	3,850	3,883	4,135	4,047	3,337	2,886	2,823	2,820	2,870	2,852	3,009	3,136	3,234	3,370	3,445	3,511	3,638	3,670	3,674	3,662	3,672	3,678
Securities, taxable
368	373	408	425	396	402	414	410	414	398	369	377	382	388	443	462	458	430	390	382	404	370	381	395	388	381	371	335	296	273	266	271	240	196	172	121	106	118	129
Securities, tax-exempt
93	95	104	141	173	205	209	213	215	214	206	195	186	180	178	169	135	119	88	60	50	40	36	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest-earning assets
84	151	188	143	94	42	31	64	39	26	35	57	57	36	41	45	39	26	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-bearing deposits and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	16	16	7	13	11	15	15	16	19	20	18	34	30	33	29	15	23	24	20
Total interest income
4,719	4,762	4,818	4,940	4,786	4,699	4,421	4,319	4,303	4,259	4,165	4,254	4,258	4,243	4,399	4,337	4,616	4,425	4,377	4,595	4,517	3,763	3,310	3,251	3,221	3,266	3,238	3,360	3,451	3,527	3,654	3,750	3,781	3,867	3,871	3,810	3,791	3,814	3,827
Interest expense:
Deposits
905	1,025	1,060	979	837	656	565	487	387	363	362	352	329	323	320	315	291	295	288	297	309	315	308	323	345	383	429	468	513	568	625	667	747	842	946	1,041	1,199	1,331	1,376
Other borrowings
13	59	127	132	178	161	85	55	94	51	11	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
918	1,084	1,187	1,111	1,015	817	650	542	481	414	373	352	329	323	320	315	291	295	288	297	309	315	308	323	345	383	429	468	513	568	625	667	747	842	946	1,041	1,199	1,331	1,376
Net interest income
3,801	3,678	3,631	3,829	3,771	3,882	3,771	3,777	3,822	3,845	3,792	3,902	3,929	3,920	4,079	4,022	4,325	4,130	4,089	4,298	4,208	3,448	3,002	2,928	2,876	2,883	2,809	2,892	2,938	2,959	3,029	3,083	3,034	3,025	2,925	2,769	2,592	2,483	2,451
Provision for loan losses
-	-	-	-15	85	76	72	33	20	9	46	9	105	24	65	18	11	277	145	-	7	9	-	26	41	-40	81	3	180	-64	141	46	82	114	28	88	-6	-16	69
Net interest income after provision for loan losses
3,801	3,678	3,631	3,844	3,686	3,806	3,699	3,744	3,802	3,836	3,746	3,893	3,824	3,896	4,014	4,004	4,314	3,853	3,944	4,119	4,201	3,439	3,002	2,902	2,835	2,923	2,728	2,889	2,758	3,023	2,888	3,037	2,952	2,911	2,897	2,681	2,598	2,499	2,382
Noninterest income:
Service charges on deposit accounts
104	105	121	98	113	113	100	100	107	112	108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	101	107	107	104	101	120	121	119	113	111	81	18	20	19	19	18	17	21	22	20	15	24	21	18	20	22	22	23
Income on bank owned life insurance
121	113	113	113	126	115	114	116	128	120	119	124	137	127	126	126	144	132	112	65	82	72	67	105	50	76	76	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing income
44	48	49	51	51	51	58	60	63	53	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	49	74	82	93	87	95	95	96	170	147	34	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of mortgage loans
21	50	32	36	37	23	26	-	27	14	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM & debit card income
82	84	89	82	72	81	73	78	75	71	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities, net
-130	-48	80	-6	132	-28	-15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain/(loss) on sale of securities, net
113	0	12	10	-51	0	1	-17	0	0	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on payoff of purchase credit impaired loans
277	32	-	-	42	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain/(loss) on sale of securities, net
-	-	-	-	-	-	-	-	-	-	-	0	3	57	68	25	94	0	9	0	120	24	5	-	70	145	-	-	-	14	-	96	22	0	67	-	-	-	-
Gain on payoff of purchase credit impaired loans
-	-	-	-	-	-	-	-	-	-	-	84	482	120	43	310	0	90	719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in loan servicing asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1	1	3	4	6	7	36	-9	5	7	31	2	2	2	1	17	15	14	2	-18	21	30	0	-	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	12	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	67	7	9	-	12	4	-	3	5	-1	-15
Total noninterest income
633	385	499	388	528	384	393	476	405	377	404	390	806	495	435	666	468	452	1,057	543	508	257	90	95	179	240	94	184	88	52	86	198	58	59	97	42	27	21	8
Noninterest expense:
Salaries and employee benefits
1,628	1,578	1,590	1,717	1,779	1,727	1,686	1,658	1,687	1,653	1,556	1,628	1,637	1,548	1,455	1,309	1,649	1,857	1,489	1,539	1,596	1,232	910	897	876	995	861	895	859	824	790	775	700	758	666	665	664	634	608
Occupancy and equipment
556	459	468	409	463	462	415	472	405	443	397	381	372	370	368	370	427	354	360	344	319	230	167	168	176	165	155	162	158	154	177	167	165	167	160	165	173	192	175
Data processing
230	215	222	216	221	201	255	252	256	252	230	271	112	140	172	115	144	110	149	115	135	107	67	64	71	66	63	60	65	69	59	61	61	101	75	69	88	71	60
ATM & debit card expense
60	62	59	62	50	51	54	54	47	45	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional and supervisory fees
132	181	147	130	112	204	196	261	288	251	206	222	140	249	207	251	271	167	251	267	234	216	113	287	230	144	112	128	131	97	79	81	118	115	128	80	67	54	50
Office expense
57	64	44	43	46	59	45	63	57	66	42	43	92	44	52	56	68	58	41	47	109	44	43	0	80	27	29	16	71	24	23	30	38	50	27	15	27	19	16
Advertising
72	70	56	45	68	59	50	55	43	83	45	56	44	46	31	65	39	63	37	26	29	20	23	17	19	17	21	14	19	16	19	15	14	17	20	17	9	11	16
FDIC deposit insurance
1	1	1	33	32	30	33	33	34	34	34	69	34	35	56	55	56	53	55	66	78	38	38	38	40	39	40	10	40	40	27	40	42	40	41	66	77	68	64
Charitable contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1	1	-	-	1	-	-	0	1,677	2	4
Foreclosed assets, net
123	100	45	49	31	11	13	-23	31	-22	50	92	6	2	2	38	28	47	175	107	167	20	19	94	113	20	32	78	11	16	37	-	199	-	-	-	-	-	-
Change in loan servicing asset
191	34	53	82	67	33	43	6	-75	65	52	-	3	-196	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in loan servicing asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	122	142	22	64	-	-50	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sales of real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	0	3	0	-14	0	-1	9	57	85	383	-193	-144	-196	-78	-107	-69
Other
196	190	216	241	191	213	207	241	251	217	211	182	275	217	195	391	206	173	153	155	186	83	95	98	68	108	77	97	82	71	76	67	90	73	126	25	94	98	23
Total noninterest expense
3,246	2,954	2,901	3,027	3,060	3,050	2,997	3,072	3,024	3,087	2,867	3,019	2,715	2,455	2,561	2,772	3,030	2,904	2,774	2,581	2,903	1,990	1,483	1,663	1,673	1,581	1,390	1,460	1,437	1,312	1,287	1,295	1,428	1,514	1,387	1,298	2,954	1,256	1,085
Income before income taxes
1,188	1,109	1,229	1,205	1,154	1,140	1,095	1,148	1,183	1,126	1,283	1,264	1,915	1,936	1,888	1,898	1,752	1,401	2,227	2,081	1,806	1,706	1,609	1,334	1,341	1,582	1,432	1,613	1,409	1,763	1,687	1,940	1,582	1,456	1,607	1,425	-329	1,264	1,305
Income tax expense
242	19	295	225	202	221	226	219	-125	1,185	426	-282	527	618	615	436	359	452	785	856	610	659	565	483	486	568	513	547	559	656	670	751	634	557	630	529	-132	476	493
Net income
946	1,090	934	980	952	919	869	929	1,308	-59	857	1,546	1,388	1,318	1,273	1,462	1,393	949	1,442	1,225	1,196	1,047	1,044	851	855	1,014	919	1,066	850	1,107	1,017	1,189	948	899	977	-	-	-	-
Other comprehensive income
Unrealized gains on securities available-for-sale
1,635	-84	482	1,426	1,450	1,541	-650	-312	-1,991	-723	136	571	458	-3,524	-519	1,149	1,642	-579	783	-931	993	529	-243	846	854	-840	-9	-2,586	-40	277	618	-	-	-	-	-	-	-	-
Tax effect
341	-17	101	308	289	312	-141	-68	-419	-314	50	205	164	-1,268	-187	414	591	-209	283	-349	374	201	-92	322	325	-320	-3	-980	-15	105	235	-	-	-	-	-	-	-	-
Reclassification adjustment for (gains)/losses realized in net income
113	0	12	10	-51	0	1	-17	0	0	10	0	3	57	68	25	94	0	9	0	120	24	5	-	70	63	-	-	-	14	-	-	-	-	-	-	-	-	-
Tax effect
23	0	3	-	-11	-	-	-5	-2	1	4	0	1	21	24	9	34	0	3	0	45	9	2	-	27	24	-	-	-	4	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-197	788	812
Unrealized gain on securities available-for-sale, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	-20	78	-	5	-	-
Reclassification adjustment for gains realized in income, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-39	-3	-	-	-	-
Total other comprehensive income
1,204	-67	372	1,111	1,201	1,229	-510	-232	-1,574	-408	80	366	292	-2,292	-376	719	991	-370	494	-582	544	313	-154	463	486	-559	-6	-1,678	-25	162	383	297	111	-20	75	-	5	-	-
Comprehensive income
2,150	1,023	1,306	2,091	2,153	2,148	359	697	-266	-467	937	1,912	1,680	-974	897	2,181	2,384	579	1,936	643	1,740	1,360	890	1,314	1,341	455	913	-612	825	1,269	1,400	1,486	1,059	879	1,052	1,027	-192	788	812
Basic net income per share: (Note 3) (in dollars per share)
0.17	0.19	0.16	0.16	0.17	0.16	0.16	0.16	0.23	-0.01	0.15	0.28	0.24	0.23	0.22	0.25	0.24	0.17	0.25	0.22	0.21	0.18	0.18	0.15	0.15	0.18	0.16	0.19	0.14	0.18	0.16	0.19	0.16	0.15	0.16	-	-0.04	-	-
Diluted net income per share: (Note 3) (in dollars per share)
0.17	0.19	0.16	0.17	0.16	0.16	0.15	0.16	0.22	-0.01	0.15	0.26	0.24	0.23	0.22	0.25	0.24	0.16	0.25	0.21	0.21	0.18	0.18	0.15	0.15	0.18	0.16	0.19	0.14	0.18	0.16	0.18	0.16	0.15	0.16	-	-	-	-
Dividends declared per share: (in dollars per share)
0.10	0.10	0.10	-0.10	0.30	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	-	0.10	0.10	-	-	0.10	-	-