Oritani Financial Corp. ORIT Income Statement

Oritani financial corp. (ORIT)

Income statement / Quarterly

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 income:
Interest on mortgage loans
37,257	37,097	35,323	36,085	35,952	36,925	35,398	35,891	35,837	34,452	34,407	33,135	31,973	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of dividends on federal home loan bank stock received during the period.
405	421	467	481	448	420	432	451	485	491	469	417	457	395	401	391	401	433	499	500	476	431	504	427	439	436	472	437	407	380	427	281	299	-	-	-	-
Dividends on equity securities
11	11	15	12	10	9	10	12	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on debt securities available for sale
184	195	211	222	240	258	274	445	484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,061	31,148	30,789	30,238	30,772	31,041	29,727	29,185	29,770	29,988	30,061	29,028	30,229	29,079	29,082	28,271	27,273	26,936	25,929	25,594	25,378	24,695	24,296
Interest on securities available for sale
-	-	-	-	-	-	-	-	-	-	799	826	826	1,063	1,146	1,154	1,203	1,321	1,509	1,671	1,800	1,939	1,728	1,531	1,392	1,501	1,635	1,865	2,098	2,356	2,578	3,080	3,240	3,430	3,428	3,793	3,511
Interest on debt securities held to maturity
1,986	2,080	2,178	2,002	1,929	1,665	1,419	1,145	1,099	917	909	871	803	765	738	663	571	501	451	450	364	199	190	189	242	253	243	225	234	221	212	226	249	-806	770	822	785
The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) short term investment.
54	45	29	280	22	16	28	108	3	2	2	2	1	2	2	1	1	1	2	1	2	3	2	1	5	1	1	1	1	1	1	1	29	51	16	27	164
Total interest income
39,897	39,849	38,223	39,082	38,601	39,293	37,561	38,052	37,920	36,565	36,586	35,251	34,060	34,654	33,348	33,357	32,965	32,494	33,233	33,663	32,369	31,757	32,194	32,136	32,139	31,219	32,580	31,607	31,822	31,229	30,491	30,524	29,746	29,668	29,592	29,337	28,756
Interest expense:
Deposits
12,289	11,835	10,827	9,939	9,037	8,596	7,887	7,788	7,353	6,724	6,244	5,964	5,739	5,138	4,628	4,456	3,662	3,363	3,029	2,843	2,614	2,396	2,140	2,055	2,024	2,044	2,011	2,135	2,334	2,812	3,036	3,292	3,683	3,916	3,708	3,827	4,268
Borrowings
3,145	3,357	3,287	3,116	3,269	2,976	2,721	2,656	2,923	3,554	3,547	3,058	3,021	3,809	3,569	3,607	5,154	5,210	5,583	5,756	5,805	5,605	5,592	5,769	5,522	5,302	5,273	5,401	5,298	5,082	5,157	5,195	5,076	4,909	5,294	5,223	5,185
Total interest expense
15,434	15,192	14,114	13,055	12,306	11,572	10,608	10,444	10,276	10,278	9,791	9,022	8,760	8,947	8,197	8,063	8,816	8,573	8,612	8,599	8,419	8,001	7,732	7,824	7,546	7,346	7,284	7,536	7,632	7,894	8,193	8,487	8,759	8,825	9,002	9,050	9,453
Net interest income before provision for loan losses
24,463	24,657	24,109	26,027	26,295	27,721	26,953	27,608	27,644	26,287	26,795	26,229	25,300	25,707	25,151	25,294	24,149	23,921	24,621	25,064	23,950	23,756	24,462	24,312	24,593	23,873	25,296	24,071	24,190	23,335	22,298	22,037	20,987	20,843	20,590	20,287	19,303
Reversal of provision for loan losses
0	0	0	0	-2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	0	200	200	300	250	600	1,500	1,500	1,500	1,500	2,000	3,500	2,500	2,300	2,500	2,000
Net interest income after provision for loan losses
24,463	24,657	24,109	26,027	28,295	27,721	26,953	27,608	27,644	26,287	26,795	26,229	25,300	25,707	25,151	25,294	24,149	23,921	24,621	25,064	23,750	23,756	24,262	24,112	24,293	23,623	24,696	22,571	22,690	21,835	20,798	20,037	17,487	18,343	18,290	17,787	17,303
Non-interest income:
Service charges on deposit accounts include account maintenance fees, overdraft fees, insufficient funds fees, wire fees, and other deposit related fees.
-	-	-	-	-	-	-	-	322	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees and service charges
367	611	405	327	312	-	371	313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	235	176	182	332	151	208	258	231	219	240	223	214	241	357	272	258	214	206	244	275	245	285	327	312	311	400	287
Real estate operations, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	23	36	235	409	273	315	353	216	241	305	373	407	222	256	370	337	302	236	350	344	256	251	348
Bank-owned life insurance
618	606	594	610	624	613	603	630	646	639	634	666	679	674	670	678	696	686	677	680	512	509	500	509	500	1,933	460	455	405	399	391	400	404	381	270	278	281
Net (loss) gain on sale of securities
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	604	-	0	770	0	-2	-	0	-46	-	-	0	0	-	-	-	-	-	-	-	-	13
Net gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	718
Net loss on sale and writedown of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	-	-
Net gain on sale of assets and loans
-	-	-	-	-	-	-	-	-	235	20,621	0	0	5,669	2,009	25,554	4,312	9,625	2,001	-10	0	-221	0	207	-44	-59	87	36	8	-892	73	-12	569	-	-	-	-
(Gain) on sale of real estate owned
29	0	0	855	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities
-14	-21	87	-155	-119	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on sale of debt securities available for sale
-	-	0	0	-	-	0	-324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from investments in real estate joint ventures
-	-	-	-	-	-	-	-	-	0	193	260	316	192	267	311	407	350	120	487	848	359	53	158	290	-537	-41	-127	139	-169	442	215	201	422	196	205	34
Gain (Loss) on Investment Securities, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	-	-	-	-	-	-	-	-	-	-	-	-
Net writedown of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	262	-	-	-	-	-
Other income
2	4	9	5	4	4	7	4	3	-236	87	81	81	387	70	91	77	73	69	69	73	75	67	74	75	70	63	61	59	60	60	58	55	56	50	52	49
Total non-interest income
1,002	1,200	1,095	1,642	821	1,019	981	623	971	-7,243	21,770	1,183	1,258	7,674	3,190	27,482	5,985	11,365	4,129	1,781	2,007	1,373	1,102	1,564	1,563	2,703	1,005	887	1,225	1,062	1,513	920	1,906	1,461	1,075	1,186	1,730
Non-interest expense:
Compensation, payroll taxes and fringe benefits
6,233	5,918	5,958	5,471	6,331	5,537	6,277	7,134	6,134	4,774	6,801	8,207	7,358	8,442	7,573	10,056	7,703	7,473	7,318	7,730	7,224	7,106	6,935	7,477	7,075	6,783	7,110	6,973	6,908	6,800	6,261	6,446	5,588	4,751	4,725	5,249	4,957
Advertising
142	142	143	142	143	143	143	143	142	144	143	125	90	90	91	90	90	90	100	105	90	89	91	90	90	90	91	90	90	90	137	118	152	109	188	183	177
Office occupancy and equipment expense
723	734	820	735	760	804	862	780	749	763	834	781	800	778	817	689	718	693	889	692	729	672	920	722	729	693	737	700	682	669	656	672	606	564	710	557	594
Data processing service fees
540	541	527	519	499	566	499	420	544	572	538	559	544	510	506	496	518	541	485	472	463	478	463	438	435	435	410	400	407	425	413	360	315	323	309	296	303
Federal insurance premiums
0	270	270	285	300	300	300	300	300	300	300	300	450	449	402	399	399	396	397	390	388	365	330	330	315	345	385	331	270	277	322	329	287	323	389	331	338
Real estate owned expense
-	-	-	-	-	-	-	-	-	-	-	-	55	-	15	11	330	467	358	990	139	272	145	22	-77	92	189	58	52	230	124	184	364	756	894	115	231
Amount represents the difference between the cash acquisition price of the debt and the net carrying amount of the debt at the time of its extinguishment.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13,873	-	-	806	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
1,209	1,664	1,423	2,596	2,594	2,673	1,681	1,436	1,643	3,138	1,306	1,086	971	1,757	948	1,315	979	930	1,213	930	1,024	1,017	949	997	1,003	795	983	954	824	876	919	954	877	1,119	1,067	1,030	1,128
Total non-interest expense
8,847	9,269	9,141	9,748	10,627	10,023	9,762	10,213	9,512	14,805	9,922	11,058	10,268	15,785	10,352	26,929	10,737	10,590	11,566	11,309	10,057	9,999	9,833	10,076	9,570	9,233	9,905	9,506	9,233	9,367	8,832	9,063	8,189	7,945	8,282	7,761	7,728
Income before income tax expense
16,618	16,588	16,063	17,921	18,489	18,717	18,172	18,018	19,103	4,239	38,643	16,354	16,290	17,596	17,989	25,847	19,397	24,696	17,184	15,536	15,700	15,130	15,531	15,600	16,286	17,093	15,796	13,952	14,682	13,530	13,479	11,894	11,204	11,859	11,083	11,212	11,305
Income tax expense (note 11)
4,318	3,805	3,613	4,492	5,092	5,214	4,747	14,048	7,107	1,348	14,377	4,978	5,679	6,533	5,749	9,470	6,782	8,958	6,227	5,490	5,539	5,167	4,792	5,617	5,912	5,423	5,879	5,206	5,471	5,256	5,064	4,268	3,869	4,603	4,078	4,116	4,155
Net income
12,300	12,783	12,450	13,429	13,397	13,503	13,425	3,970	11,996	2,891	24,266	11,376	10,611	11,063	12,240	16,377	12,615	15,738	10,957	10,046	10,161	9,963	10,739	9,983	10,374	11,670	9,917	8,746	9,211	8,274	8,415	7,626	7,335	7,256	7,005	7,096	7,150
Earnings per basic common share (in dollars per share)
0.28	0.29	0.29	0.31	0.30	0.31	0.30	0.09	0.27	0.07	0.56	0.26	0.25	0.26	0.29	0.39	0.31	0.39	0.26	0.24	0.24	0.24	0.25	0.23	0.24	0.28	0.23	0.21	0.22	-	0.20	0.18	-	-	0.13	0.13	-
Earnings per diluted common share (in dollars per share)
0.28	0.29	0.28	0.31	0.30	0.29	0.30	0.09	0.27	0.06	0.54	0.26	0.24	0.25	0.28	0.38	0.30	0.36	0.26	0.24	0.24	0.22	0.25	0.23	0.24	0.27	0.23	0.20	0.22	-	0.20	0.18	-	-	0.13	0.13	-
Income per basic and diluted common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.15	-	-	-	0.14