Prudential bancorp, inc. (PBIP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12
INTEREST INCOME:
Interest on loans

6,333

6,830

6,801

6,752

6,722

6,462

6,514

6,485

6,261

6,107

6,045

5,647

5,090

3,325

3,420

3,263

3,166

3,060

3,131

3,085

3,287

3,257

3,249

3,184

3,166

3,138

3,087

3,134

3,135

3,253

Interest on mortgage-backed securities

2,563

2,793

2,717

2,536

2,553

1,755

1,324

1,060

851

842

768

802

806

571

626

673

683

512

468

465

450

416

357

378

347

329

339

405

544

634

Interest and dividends on investments

1,764

1,802

1,742

1,792

1,716

1,532

1,817

1,189

1,060

949

917

926

731

606

462

529

509

479

416

487

552

548

559

553

539

548

553

566

552

476

Interest on interest-bearing assets

350

402

371

193

144

252

-126

197

183

138

7

55

44

3

79

9

8

5

66

18

15

19

10

21

33

54

18

21

22

34

Total interest income

11,010

11,827

11,631

11,273

11,135

10,001

9,529

8,931

8,355

8,036

7,737

7,430

6,671

4,505

4,587

4,474

4,366

4,056

4,081

4,055

4,304

4,240

4,175

4,136

4,085

4,069

3,997

4,126

4,253

4,397

INTEREST EXPENSE:
Interest on deposits

2,866

3,125

3,224

3,356

3,540

3,040

2,471

1,932

1,571

1,412

1,241

1,002

996

691

684

682

743

752

807

851

871

901

818

826

852

905

948

1,037

1,139

1,220

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

425

456

417

184

122

67

163

43

59

82

-

-

-

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,931

1,903

1,793

1,518

1,149

879

767

734

497

406

308

375

376

93

74

142

106

48

-

-

-

-

-

-

-

-

-

-

-

-

Total interest expense

5,222

5,484

5,434

5,058

4,811

3,986

3,401

2,709

2,127

1,900

1,660

1,377

1,372

857

853

824

849

800

807

851

871

901

818

826

852

905

948

1,037

1,139

1,220

NET INTEREST INCOME

5,788

6,343

6,197

6,215

6,324

6,015

6,128

6,222

6,228

6,136

6,077

6,053

5,299

3,648

3,734

3,650

3,517

3,256

3,274

3,204

3,433

3,339

3,357

3,310

3,233

3,164

3,049

3,089

3,114

3,177

PROVISION FOR LOAN LOSSES

500

125

-

-

0

0

125

325

150

210

410

30

2,365

185

-

150

75

-

150

210

300

75

-

-

-

-

-500

0

0

0

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

5,288

6,218

6,097

6,215

6,324

6,015

6,003

5,897

6,078

5,926

5,667

6,023

2,934

3,463

3,734

3,500

3,442

3,256

3,124

2,994

3,133

3,264

3,117

3,310

3,233

3,164

3,549

3,089

3,114

3,177

NON-INTEREST INCOME:
Fees and other service charges

150

165

-

-

156

178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees and other service charges

-

-

-

157

-

-

-

177

161

167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities available for sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274

-

-

-

-

-

Other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

8

7

4

8

6

20

Gain on sale of loans, net

239

26

-

2

0

-

-

-

-

-

0

3

5

44

9

0

1

1

0

0

0

138

-

-

-

-

-

-

-

-

Fees and other service charges

-

-

-

-

-

-

-

-

-

-

-

-

169

124

-

142

110

119

85

87

95

101

96

103

86

100

112

103

98

97

Gain on sale of investments and mortgage-backed securities

2,364

-

-

511

117

-

-

-376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

852

0

16

Gain (loss) on the sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Swap income

-

33

-

125

-

3

-

925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Holding gain (losses) on equity securities

-

-

-

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on the sale of investment securities (AFS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of office properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

58

-

231

1,793

-

-

-

-

-

-

-

-

-

Portion of loss recognized in other comprehensive income, before taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

1

-1

6

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

8

7

5

7

6

14

Income from bank owned life insurance

164

169

172

170

149

154

159

160

156

164

111

229

171

166

82

83

84

84

84

84

87

89

89

75

46

48

-

-

-

-

Gain on sale of securities available for sale

-

318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on equity securities, net

-39

-18

-

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SWAP expense

333

-

-

-

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

123

139

110

224

127

45

14

99

250

84

238

144

173

24

71

14

14

12

16

43

13

22

16

17

15

20

-23

129

107

115

Total non-interest income

2,668

832

985

1,187

542

380

533

985

567

415

697

625

518

358

454

400

209

274

225

445

1,988

350

343

194

413

161

284

1,077

199

214

NON-INTEREST EXPENSES:
Salaries and employee benefits

2,624

2,298

2,299

2,175

2,209

2,174

2,220

2,042

2,037

1,974

1,875

1,884

2,140

1,569

1,447

1,684

1,670

1,717

2,083

2,157

2,091

1,665

1,994

1,578

1,619

1,550

1,731

1,475

1,499

1,458

Data processing

234

192

204

201

201

183

188

180

189

176

216

175

194

112

116

112

112

116

104

97

106

106

109

103

113

107

99

106

114

110

Professional services

308

404

300

385

374

401

241

431

402

792

415

230

469

319

325

230

241

279

455

303

344

276

471

196

286

237

236

246

261

184

Office occupancy

218

204

229

226

275

238

234

266

308

271

261

274

257

170

-83

246

259

248

8

279

267

147

112

122

150

93

100

100

95

97

Depreciation

113

155

150

159

155

155

156

157

156

156

154

158

159

82

-

-

-

-

-

-

-

-

76

81

81

82

80

85

86

86

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76

-

-

-

-

-

-

-

-

Payroll taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

-

85

131

77

-

79

117

71

Director compensation

74

59

60

65

65

65

58

56

61

59

64

57

93

68

73

123

102

126

79

107

82

86

89

70

86

85

62

77

74

98

Deposit insurance premium

195

-

-

254

126

-

-

90

80

-

-

52

71

-

90

134

90

82

83

95

68

68

56

54

49

99

151

154

157

162

Real estate owned expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-

-5

87

29

35

15

56

273

103

Advertising

53

39

58

68

72

81

73

61

52

60

56

92

29

37

48

17

21

17

25

37

73

30

24

18

59

85

123

67

69

76

Real estate owned expense

93

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger-related expense

-

-

-

-

-

-

-

-

-

-

-

-

2,663

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Communications expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and fixtures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Core deposit amortization

26

30

31

30

29

33

33

34

34

37

-

37

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

522

640

237

627

636

662

470

453

550

518

655

541

651

363

223

169

301

311

307

357

476

388

319

362

351

353

322

272

368

323

Total non-interest expenses

4,460

4,021

3,737

4,190

4,146

3,992

3,957

3,770

3,869

4,043

3,583

3,500

6,763

2,720

2,783

2,815

2,796

2,896

3,306

3,432

3,511

2,926

2,952

2,756

2,954

2,803

2,652

2,717

3,113

2,768

INCOME BEFORE INCOME TAXES

3,496

3,029

3,345

3,212

2,720

2,403

2,579

3,112

2,776

2,298

2,781

3,148

-3,311

1,101

1,405

1,085

855

634

43

7

1,610

688

508

748

692

522

1,181

1,449

200

623

INCOME TAXES:
Current expense

419

566

590

513

676

559

63

1,096

622

648

32

941

-642

470

468

410

111

286

125

-46

113

269

191

321

23

155

-680

43

-488

53

Deferred expense (benefit)

153

0

169

69

-296

-130

-

-420

-3

1,616

679

90

-529

-100

-45

-102

196

-65

-95

6

-204

-52

-

-94

134

29

1,077

721

674

298

Total income tax expense

572

566

759

582

380

429

142

676

619

2,264

711

1,031

-1,171

370

423

308

307

221

30

-40

-91

217

122

227

157

184

397

764

186

351

NET INCOME

2,924

2,463

2,586

2,630

2,340

1,974

2,437

2,436

2,157

34

2,070

2,117

-2,140

731

982

777

548

413

13

47

1,701

471

386

521

535

338

784

685

14

272

BASIC EARNINGS PER SHARE

0.33

0.28

0.30

0.30

0.27

0.22

0.27

0.28

0.24

0.00

0.25

0.25

-0.27

0.10

0.14

0.10

0.08

0.05

0.01

0.01

0.20

0.05

0.04

0.06

0.06

0.04

0.08

0.08

0.00

0.03

DILUTED EARNINGS PER SHARE

0.32

0.28

0.30

0.29

0.26

0.22

0.27

0.26

0.24

0.00

0.24

0.25

-0.27

0.10

0.14

0.10

0.07

0.05

0.02

0.01

0.18

0.05

0.03

0.06

0.06

0.04

0.09

0.07

0.00

0.03

DIVIDENDS PER SHARE

0.50

0.07

0.05

0.50

0.05

0.05

0.40

0.05

0.05

0.20

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.18

0.03

0.03

0.03

0.03

0.00

0.00

-

0.00

-

-