Peoples bancorp of north carolina inc (PEBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Interest and fees on loans

43,301

38,654

34,888

32,452

31,098

30,305

30,194

32,758

36,374

40,204

43,211

Interest on due from banks

213

304

219

123

26

65

85

51

33

63

-

Interest on federal funds sold

331

0

0

-

-

-

-

-

-

-

-

Interest on investment securities:
U.S. Government sponsored enterprises

2,670

2,333

2,404

2,531

2,616

2,995

1,639

2,746

5,414

5,035

5,461

State and political subdivisions

2,915

3,877

4,236

4,454

4,600

4,677

4,427

3,403

3,180

2,173

1,242

Other

171

182

202

249

326

378

351

287

258

205

123

Total interest income

49,601

45,350

41,949

39,809

38,666

38,420

36,696

39,245

45,259

47,680

50,037

Interest expense:
NOW, MMDA & savings deposits

1,596

769

598

495

432

499

732

1,180

2,263

3,472

2,965

Time deposits

909

472

466

586

870

1,188

1,650

3,205

5,035

6,786

9,687

FHLB borrowings

205

0

662

1,661

1,735

2,166

2,518

2,744

2,956

3,285

3,577

Junior subordinated debentures

844

790

590

485

402

389

398

438

407

411

546

Other

203

115

61

44

45

45

55

129

285

394

412

Total interest expense

3,757

2,146

2,377

3,271

3,484

4,287

5,353

7,696

10,946

14,348

17,187

Net interest income

45,844

43,204

39,572

36,538

35,182

34,133

31,343

31,549

34,313

33,332

32,850

Provision for loan losses

863

790

-507

-1,206

-17

-699

2,584

4,924

12,632

16,438

10,535

Net interest income after provision for loan losses

44,981

42,414

40,079

37,744

35,199

34,832

28,759

26,625

21,681

16,894

22,315

Non-interest income:
Service charges

4,576

4,355

4,453

4,497

-

-

-

-

-

-

-

Other service charges and fees

714

705

593

890

-

-

-

-

-

-

-

Gain on sale of securities

226

15

0

729

-

-

-

-

-

-

-

Mortgage banking income

1,264

851

1,190

1,428

-

-

-

-

-

-

-

Service charges

-

-

-

-

4,647

4,961

4,566

4,764

5,106

5,626

5,573

Other service charges and fees

-

-

-

-

931

1,080

1,172

1,940

2,090

2,195

2,058

Other than temporary impairment losses

-

-

-

-

-

-

-

-

144

291

723

Gain on sale of securities

-

-

-

-

0

266

614

1,218

4,406

3,348

1,795

Mortgage banking income

-

-

-

-

1,130

804

1,228

1,229

757

532

827

Insurance and brokerage commissions

877

824

761

632

714

701

661

517

471

390

414

Appraisal management fee income

4,484

3,206

3,306

3,146

-

-

-

-

-

-

-

Gain (loss) on sales and write-downs of other real estate

-11

17

-239

64

-

-

-

-

-

-

-

Gain/(loss) on sale and write-down of other real estate

-

-

-

-

245

-622

-581

-1,136

-1,322

-704

-

Loss on sale and write-down of other real estate

-

-

-

-

-

-

-

-

-

-

-501

Miscellaneous

5,609

6,193

5,300

4,850

5,645

4,974

4,992

4,005

3,149

2,788

2,380

Total non-interest income

17,739

16,166

15,364

16,236

13,312

12,164

12,652

12,537

14,513

13,884

11,823

Non-interest expense:
Salaries and employee benefits

23,238

21,530

20,058

19,264

18,285

17,530

16,851

16,426

14,766

14,124

14,758

Occupancy

7,364

7,170

6,701

6,765

6,288

6,251

5,539

5,236

5,339

5,436

5,409

Professional fees

1,490

1,525

1,236

2,439

1,468

1,401

1,088

-

-

-

-

Advertising

1,021

922

1,195

1,136

784

804

685

-

-

-

-

Debit card expense

890

994

1,248

1,141

988

905

823

-

-

-

-

FDIC insurance

119

328

347

494

681

739

864

-

-

-

-

Appraisal management fee expense

3,421

2,460

2,526

2,260

-

-

-

-

-

-

-

Other

7,974

7,645

7,917

8,743

7,284

8,041

6,991

10,120

9,467

9,388

9,716

Total non-interest expense

45,517

42,574

41,228

42,242

35,778

35,671

32,841

31,782

29,572

28,948

29,883

Earnings before income taxes

17,203

16,006

14,215

11,738

12,733

11,325

8,570

7,380

6,622

1,830

4,255

Income tax expense

3,136

2,624

3,947

2,561

3,100

1,937

1,879

1,587

1,463

-11

1,339

Net earnings

-

-

-

-

-

9,388

6,691

5,793

5,159

1,841

2,916

Dividends and accretion of preferred stock

-

-

-

-

-

-

656

1,010

1,393

1,394

1,246

Net earnings

14,067

13,382

10,268

9,177

9,633

9,388

6,035

4,783

3,766

447

1,670

Basic net earnings per share

2.37

2.23

1.71

1.53

1.57

1.67

1.08

0.86

0.68

-

0.30

Diluted net earnings per share

2.36

2.22

1.69

1.50

1.56

1.66

1.07

0.86

0.68

-

0.30

Basic and diluted net earnings per common share

-

-

-

-

-

-

-

-

-

0.08

-

Cash dividends declared per share

0.66

0.52

0.44

0.35

0.25

0.18

0.12

0.18

0.08

0.08

0.26