Pcsb financial corp (PCSB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Mar'16Dec'15
Interest and dividend income
Loans receivable

13,114

13,149

13,036

10,987

10,413

10,321

9,898

10,706

9,103

9,171

8,818

8,408

8,493

8,238

8,525

8,337

8,042

Investment securities

2,003

2,279

2,692

2,609

2,619

2,428

2,366

2,384

2,368

2,269

2,245

2,018

1,633

1,530

1,480

1,425

1,450

Federal funds and other

217

301

298

356

614

491

345

268

177

217

234

297

150

82

104

106

66

Total interest and dividend income

15,334

15,729

16,026

13,952

13,646

13,240

12,609

13,358

11,648

11,657

11,297

10,723

10,276

9,850

10,109

9,868

9,558

Interest expense
Deposits and escrow interest

3,268

3,358

3,301

3,005

2,741

2,375

2,056

1,600

1,380

1,307

1,267

1,244

1,263

1,292

1,284

1,136

1,130

Mortgage escrow funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

12

FHLB advances

541

674

727

188

168

121

89

326

125

164

154

74

55

31

50

45

45

Total interest expense

3,809

4,032

4,028

3,193

2,909

2,496

2,145

1,926

1,505

1,471

1,421

1,318

1,318

1,323

1,334

1,192

1,187

Net interest income

11,525

11,697

11,998

10,759

10,737

10,744

10,464

11,432

10,143

10,186

9,876

9,405

8,958

8,527

8,775

8,676

8,371

Provision for loan losses

2,008

412

335

737

7

6

58

25

54

200

135

0

235

562

26

103

356

Net interest income after provision for loan losses

9,517

11,285

11,663

10,022

10,730

10,738

10,406

11,407

10,089

9,986

9,741

9,405

8,723

7,965

8,749

8,573

8,015

Noninterest income
Fees and service charges

366

402

402

452

436

457

418

384

352

412

381

-

-

-

-

-

-

Fees and service charges

-

-

-

-

-

-

-

-

-

-

-

223

353

360

242

269

291

Bank-owned life insurance

128

134

137

134

131

139

140

138

136

145

149

149

146

160

167

154

71

Swap income

0

0

170

361

0

75

71

-

-

-

-

-

-

-

-

-

-

Gains on sales of securities, net

38

-

-

-

-

55

-

63

0

0

173

-

-

-

-

-

-

Gains on sale of securities

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

Settlement on acquired loan

-

-

-

-

-

-

-

-

-

-

-

-

-

1,615

-

-

-

Other

48

11

56

8

12

194

12

16

24

135

11

275

127

124

143

95

108

Total noninterest income

580

547

765

962

579

920

641

601

512

692

714

647

626

2,259

552

518

470

Noninterest expense
Salaries and employee benefits

5,782

5,889

5,764

5,586

5,579

5,306

5,140

4,889

4,800

4,870

4,860

4,712

3,495

4,444

4,250

4,325

4,152

Occupancy and equipment

1,311

1,333

1,315

1,320

1,340

1,284

1,241

1,289

1,326

1,296

1,282

1,367

1,362

1,844

1,291

1,284

1,188

Communication and data processing

521

507

531

523

476

482

472

527

477

479

491

-

-

-

-

-

-

Professional fees

393

379

404

369

396

417

369

452

465

379

413

450

273

276

309

442

454

Postage, printing, stationary and supplies

140

159

140

132

138

178

138

143

161

142

132

143

140

131

133

157

189

FDIC assessment

-

-

-

99

105

124

93

93

93

64

78

77

160

106

215

230

226

Advertising

100

100

100

0

131

131

87

0

112

179

165

165

135

90

139

143

75

Amortization of intangible assets

24

25

24

25

29

28

28

29

32

33

32

34

36

37

36

40

41

Merger and acquisition related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

Other operating expenses

249

402

509

564

504

630

440

272

367

683

441

-857

979

866

825

903

1,116

Total noninterest expense

8,520

8,794

8,787

8,708

8,698

8,580

8,008

8,264

7,833

8,125

7,894

12,859

6,580

7,794

7,198

7,524

7,480

Net income before income tax expense

1,577

3,038

3,641

2,276

2,611

3,078

3,039

3,744

2,768

2,553

2,561

-2,807

2,769

2,430

2,103

1,567

1,005

Income tax expense

360

685

812

597

625

754

710

1,075

591

2,551

805

-1,017

878

758

647

468

278

Net income

1,217

2,353

2,829

1,679

1,986

2,324

2,329

2,669

2,177

2

1,756

-1,790

1,891

1,672

1,456

1,099

727

Earnings per common share:
Basic

0.08

0.15

0.18

0.10

0.12

0.14

0.14

0.16

0.13

0.00

0.10

-

-

-

-

-

-

Diluted

0.08

0.14

0.18

0.10

0.12

0.14

0.14

0.16

0.13

0.00

0.10

-

-

-

-

-

-

Weighted average common shares outstanding:
Basic

15,437

15,837

15,979

16,044

16,204

16,852

16,869

-

16,820

16,791

-

-

-

-

-

-

-

Diluted

15,447

15,909

16,082

16,109

16,261

16,868

16,869

-

16,820

16,791

-

-

-

-

-

-

-

Weighted average common shares outstanding - basic and diluted

-

-

-

-

-

-

-

-

-

-

16,756

-

-

-

-

-

-