Ottawa bancorp inc (OTTW)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Interest and dividend income:
Interest and fees on loans

2,909

2,948

2,878

2,852

2,860

2,687

2,596

2,546

2,398

2,386

2,204

2,114

1,972

1,859

1,857

1,851

1,723

1,672

Securities:
Residential mortgage-backed and related securities

67

71

67

73

82

75

67

71

67

75

98

126

135

121

122

148

152

159

State and municipal securities

95

100

101

100

97

102

102

103

100

103

116

126

130

133

133

135

134

142

Dividends on non-marketable equity securities

6

6

6

6

6

10

5

5

4

6

1

1

1

6

1

1

2

1

Interest-bearing deposits

40

74

81

54

45

79

30

29

15

8

5

6

9

13

11

3

7

3

Total interest and dividend income

3,118

3,202

3,135

3,087

3,092

2,955

2,801

2,756

2,586

2,581

2,426

2,375

2,250

2,135

2,126

2,140

2,019

1,978

Interest expense:
Deposits

730

767

774

672

608

574

454

400

332

286

247

223

205

208

205

203

202

215

Borrowings

61

67

68

68

72

75

46

48

48

46

20

8

6

9

15

7

4

15

Total interest expense

792

835

843

740

681

650

500

449

380

332

268

231

212

217

221

210

207

230

Net interest income

2,326

2,367

2,292

2,346

2,411

2,305

2,300

2,307

2,205

2,248

2,158

2,144

2,038

1,917

1,905

1,930

1,812

1,747

Provision for loan losses

450

190

105

170

130

150

65

187

125

115

210

160

90

140

25

157

120

0

Net interest income after provision for loan losses

1,876

2,177

2,187

2,176

2,281

2,155

2,235

2,120

2,080

2,133

1,948

1,984

1,948

1,777

1,880

1,773

1,692

1,747

Other income:
Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

77

21

0

0

0

8

0

0

Gain on sale of loans

107

130

370

173

84

120

155

175

133

174

205

209

107

179

142

148

38

57

Gain on sale of securities, net

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of foreclosed real estate

-

-

-

-

-

17

59

-2

42

15

5

0

24

0

76

46

65

-

Gain on sale of OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

Gain on sale of repossessed assets

-

-

-

-

-

-

-

-

-

-0

1

11

3

8

0

1

0

7

Loan origination and servicing income

114

303

291

200

154

242

244

208

162

171

159

202

100

124

102

77

58

100

Origination of mortgage servicing rights, net of amortization

-10

-10

111

-3

-9

-4

4

9

12

16

21

18

15

23

14

25

2

-3

Customer service fees

-

-

-

-

-

-

-

-

-

-

-

-

-

123

118

101

98

122

Increase in cash surrender value of life insurance

12

12

11

11

11

12

11

11

11

12

11

12

12

12

12

12

12

11

Gain/(Loss) on sale of repossessed assets, net

16

-

-

8

-0

-

-

2

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

24

-

-

-

23

24

26

28

32

27

32

29

23

24

26

Total other income

385

590

961

540

378

576

640

555

510

439

633

629

406

504

497

445

300

492

Other expenses:
Salaries and employee benefits

1,264

1,049

1,393

1,188

1,098

1,039

1,139

1,103

1,012

1,178

1,047

1,083

994

1,176

840

837

827

739

Directors fees

43

43

43

43

43

43

43

46

48

40

40

40

40

40

40

40

40

37

Occupancy

178

183

171

157

170

143

159

160

174

159

158

162

163

159

171

154

152

168

Deposit insurance premium

-

0

2

14

17

16

17

16

16

15

15

12

13

-13

37

45

44

45

Legal and professional services

104

22

105

102

95

108

89

100

88

78

92

93

96

50

83

87

87

82

Data processing

223

160

186

148

186

179

169

161

154

158

144

152

138

143

130

120

135

124

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-47

-7

-

-

0

-3

-

0

Loan expense

134

179

201

172

164

172

189

193

168

189

152

132

118

162

124

101

58

102

Valuation adjustments and expenses on foreclosed real estate

0

2

20

6

5

0

4

11

9

1

2

2

5

3

31

32

36

44

Loss on sale of OREO

-

-

-

-

-

-

-

-

-

-

0

0

-

-

4

-

-

0

Loss on sale of repossessed assets

-

-

-

-

-

-

-

-

2

-

0

0

0

4

0

0

0

0

Other

211

348

302

315

282

258

280

412

264

240

269

293

245

267

269

240

237

227

Total other expenses

2,160

1,990

2,425

2,148

2,064

1,960

2,093

2,207

1,939

2,037

1,971

1,980

1,816

1,994

1,733

1,663

1,619

1,572

Income before income tax expense

101

776

723

567

594

771

781

468

651

535

609

633

538

287

644

555

373

667

Income tax expense

15

219

178

133

194

202

191

112

172

999

155

167

181

79

223

181

115

210

Net income

85

557

544

434

400

568

590

355

479

-463

454

465

357

207

421

373

258

456

Basic earnings per share (in dollars per share)

0.02

0.17

0.18

0.14

0.13

0.18

0.18

0.11

0.15

-0.14

0.14

0.14

0.11

0.06

0.15

0.13

0.09

0.16

Diluted earnings per share (in dollars per share)

0.02

0.17

0.18

0.14

0.13

0.18

0.18

0.11

0.15

-0.14

0.14

0.14

0.11

0.05

0.15

0.13

0.09

0.16

Dividends per share (in dollars per share)

0.41

0.07

0.06

0.43

0.06

0.05

0.05

0.05

0.11

0.04

0.04

0.04

0.04

0.00

0.00

0.00

0.00

-

Bank Servicing [Member]
Revenue from contract with customer

106

102

129

125

115

143

135

126

122

-

-

-

-

-

-

-

-

-

Revenue from contract with customer

106

-

129

-

115

-

135

-

-

-

-

-

-

-

-

-

-

-

Repossessed Assets [Member]
Revenue from contract with customer

-

-

4

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer

-

-

4

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Revenue from contract with customer

37

-

42

-

21

-

23

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer

37

-

42

-

21

-

23

-

-

-

-

-

-

-

-

-

-

-