Prudential bancorp, inc. (PBIP)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12
INTEREST INCOME:
Interest on loans

26,737

25,367

20,107

12,909

12,760

12,737

12,609

13,008

Interest on mortgage-backed securities

9,561

4,077

2,947

2,494

1,799

1,411

1,922

3,726

Interest and dividends on investments

6,782

5,015

3,180

1,979

2,003

2,199

2,147

2,102

Interest on interest-bearing assets

960

392

109

101

118

118

95

143

Total interest income

44,040

34,851

26,343

17,483

16,680

16,465

16,773

18,979

INTEREST EXPENSE:
Interest on deposits

13,160

7,386

3,930

2,861

3,430

3,401

4,344

5,775

Interest on advances from Federal Home Loan Bank(short-term)

790

347

184

95

-

-

-

-

Interest on advances from Federal Home Loan Bank(long-term)

5,339

2,404

1,152

370

-

-

-

-

Interest on borrowings

-

-

-

-

-

-

-

4

Total interest expense

19,289

10,137

5,266

3,326

3,430

3,401

4,344

5,779

NET INTEREST INCOME

24,751

24,714

21,077

14,157

13,250

13,064

12,429

13,200

PROVISION FOR LOAN LOSSES

100

810

2,990

225

735

240

-500

725

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

24,651

23,904

18,087

13,932

12,515

12,824

12,929

12,475

NON-INTEREST INCOME:
Fees and other service charges

661

668

655

464

-

-

-

-

Gain on equity securities

58

-

-

-

-

-

-

-

Other-than-temporary impairment losses

-

-

-

-

-

16

38

195

Gain on sale of loans, net

9

-

52

11

138

-

-

-

Fees and other service charges

-

-

-

-

368

385

410

428

Gain on sale of investments and mortgage-backed securities

1,057

-376

235

418

-

416

868

2,122

Swap income

158

1,122

-

-

-

-

-

-

Gain on sale of office properties

-

-

-

-

2,064

-

-

-

Portion of loss recognized in other comprehensive income, before taxes

-

-

-

-

-

-

6

41

Net impairment losses recognized in earnings

-

-

-

-

-

-

32

154

Income from bank owned life insurance

645

639

677

333

344

258

200

-

Other

506

447

579

111

94

68

328

672

Total non-interest income

3,094

2,500

2,198

1,337

3,008

1,111

1,774

3,068

NON-INTEREST EXPENSES:
Salaries and employee benefits

8,857

8,273

7,468

6,518

7,996

6,741

6,163

5,953

Data processing

789

733

697

456

413

432

429

439

Professional services

1,460

1,866

1,433

1,075

1,378

1,190

927

985

Office occupancy

968

1,079

962

670

701

477

392

419

Depreciation

619

625

553

325

304

320

337

345

Payroll taxes

-

-

-

-

-

-

-

303

Director compensation

255

234

282

424

354

330

311

389

Deposit insurance premium

472

278

162

396

314

258

624

654

Real estate owned expense

-

-

-

-

22

146

447

725

Advertising

279

246

214

103

165

186

335

-

Real estate owned expense

81

176

-13

19

-

-

-

-

Merger related expenses

-

-

2,486

300

-

-

-

-

Core deposit amortization

123

138

112

-

-

-

-

-

Other

2,162

1,991

2,210

1,004

1,528

1,385

1,285

1,456

Total non-interest expenses

16,065

15,639

16,566

11,290

13,175

11,465

11,250

11,668

INCOME BEFORE INCOME TAXES

11,680

10,765

3,719

3,979

2,348

2,470

3,453

3,875

INCOME TAXES:
Current expense

2,338

2,429

801

1,275

461

690

-1,072

321

Deferred expense (benefit)

-188

-

140

-16

-345

-

2,770

961

Total income tax expense

2,150

3,701

941

1,259

116

690

1,698

1,282

NET INCOME

9,530

7,064

2,778

2,720

2,232

1,780

1,755

2,593

BASIC EARNINGS PER SHARE

1.09

0.80

0.33

0.37

0.27

0.20

0.19

0.27

DILUTED EARNINGS PER SHARE

1.07

0.78

0.32

0.36

0.26

0.19

0.19

0.27

DIVIDENDS PER SHARE

0.65

0.70

0.12

0.12

0.27

0.06

0.00

-

DIVIDENDS PER SHARE (in dollars per share)

-

-

-

-

-

-

-

0.00