PEOPLES BANCORP OF NORTH CAROLINA INC PEBK Income Statement

Peoples bancorp of north carolina inc (PEBK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans
10,680	10,784	11,004	10,894	10,619	10,292	9,907	9,386	9,069	8,953	8,966	8,689	8,280	8,268	8,188	7,973	8,023	8,083	8,089	7,333	7,593	7,749	7,664	7,491	7,401	7,523	7,592	7,439	7,640	7,936	8,170	8,227	8,425	8,680	8,921	9,159	9,614	9,983	10,162
Interest on due from banks
43	77	87	35	14	49	86	124	45	81	60	48	30	56	32	18	17	5	4	7	10	23	18	12	12	23	22	28	12	17	15	16	3	-	4	8	-	-	-
Interest on federal funds sold
123	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on investment securities:
U.S. Government sponsored enterprises
685	728	628	641	673	612	591	524	606	609	578	613	604	621	603	649	658	657	633	613	713	698	646	804	847	668	307	286	378	420	519	737	1,070	1,415	1,504	1,413	1,082	1,365	1,196
State and political subdivisions
641	650	671	760	834	927	974	980	996	1,038	1,047	1,067	1,084	1,104	1,105	1,118	1,127	1,135	1,145	1,157	1,163	1,163	1,168	1,169	1,177	1,195	1,179	1,069	984	939	877	787	800	793	792	790	805	586	460
Other
78	43	40	45	43	44	50	45	43	45	47	44	66	58	54	57	80	81	76	81	88	83	87	100	108	87	88	87	89	81	74	68	64	79	70	52	57	-61	61
Total interest income
12,250	12,613	12,430	12,375	12,183	11,924	11,608	11,059	10,759	10,726	10,698	10,461	10,064	10,107	9,982	9,815	9,905	9,961	9,947	9,191	9,567	9,716	9,583	9,576	9,545	9,496	9,188	8,909	9,103	9,393	9,655	9,835	10,362	10,988	11,291	11,422	11,558	11,995	11,879
Interest expense:
NOW, MMDA & savings deposits
525	539	455	320	282	218	189	186	176	167	156	143	132	128	126	121	120	109	106	106	111	124	124	125	126	154	160	200	218	267	274	295	344	428	517	601	717	866	911
Time deposits
277	328	259	171	151	130	127	110	105	106	112	120	128	134	142	148	162	186	211	226	247	264	287	303	334	365	396	422	467	572	737	864	1,032	1,133	1,221	1,277	1,404	1,637	1,746
FHLB borrowings
64	135	21	3	46	0	0	0	0	58	211	201	192	413	426	416	406	441	443	433	418	516	556	549	545	604	618	635	661	681	689	684	690	698	761	753	744	803	813
Junior subordinated debentures
130	188	210	220	226	212	209	198	171	158	152	145	135	132	122	118	113	105	101	99	97	98	98	97	96	98	100	100	100	105	110	110	113	106	100	101	100	112	101
Other
45	35	49	67	52	49	32	19	15	18	19	13	11	14	12	10	8	10	13	11	11	13	11	11	10	12	11	15	17	24	32	34	39	55	74	77	79	98	111
Total interest expense
1,041	1,225	994	781	757	609	557	513	467	507	650	622	598	821	828	813	809	851	874	875	884	1,015	1,076	1,085	1,111	1,233	1,285	1,372	1,463	1,649	1,842	1,987	2,218	2,420	2,673	2,809	3,044	3,516	3,682
Net interest income
11,209	11,388	11,436	11,594	11,426	11,315	11,051	10,546	10,292	10,219	10,048	9,839	9,466	9,286	9,154	9,002	9,096	9,110	9,073	8,316	8,683	8,701	8,507	8,491	8,434	8,263	7,903	7,537	7,640	7,744	7,813	7,848	8,144	8,568	8,618	8,613	8,514	8,479	8,197
Provision for loan losses
1,521	186	422	77	178	418	110	231	31	-102	-218	49	-236	-99	-360	-531	-216	-211	235	-214	173	-673	256	67	-349	421	337	773	1,053	511	761	1,603	2,049	2,936	3,378	3,368	2,950	4,656	3,179
Net interest income after provision for loan losses
9,688	11,202	11,014	11,517	11,248	10,897	10,941	10,315	10,261	10,321	10,266	9,790	9,702	9,385	9,514	9,533	9,312	9,321	8,838	8,530	8,510	9,374	8,251	8,424	8,783	7,842	7,566	6,764	6,587	7,233	7,052	6,245	6,095	5,632	5,240	5,245	5,564	3,823	5,018
Non-interest income:
Service charges
1,108	1,167	1,178	1,138	1,093	1,192	1,083	1,056	1,024	-	1,140	1,094	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other service charges and fees
193	166	202	177	169	177	173	175	180	-	145	147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of securities
0	0	-5	0	231	-35	0	50	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
322	430	376	311	147	179	216	240	216	-	280	319	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	-	-	1,106	-	1,163	1,087	1,041	1,149	1,193	1,171	1,134	1,306	1,303	1,223	1,129	1,234	1,189	1,104	1,039	1,162	1,222	1,192	1,188	1,262	1,273	1,316	1,255	1,435	1,441
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	155	-	210	202	334	213	173	190	355	188	213	260	419	273	258	268	373	1,113	228	258	341	487	493	528	582	523	559
Other than temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-100
Gain on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	324	-	-	0	0	-	0	240	0	26	-1	0	352	263	15	12	664	527	1,911	1,239	181	1,075	1,623	246
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	346	-	426	292	369	320	300	271	239	256	256	188	104	228	301	315	384	436	296	271	226	225	127	218	187	125	91
Insurance and brokerage commissions
242	235	206	205	231	233	206	203	182	193	221	179	168	155	163	156	158	171	179	203	161	180	161	162	198	183	161	178	139	113	150	119	135	121	121	121	108	84	93
Appraisal management fee income
1,350	1,199	1,311	1,112	862	764	799	854	789	859	855	849	743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain/(loss) on sale and write-down of other real estate
-	-	-1	-17	-	-	14	-3	6	-	43	0	-283	-	-16	3	77	-1	80	79	87	-238	-234	12	-162	-298	-111	-184	12	-426	-326	-195	-189	-	-318	-361	-	-	-
Loss on sale and write-down of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-250	-	-
Miscellaneous
1,380	1,322	1,441	1,459	1,387	1,989	1,424	1,441	1,339	1,277	1,475	1,341	1,207	529	1,468	1,508	1,345	1,652	1,341	1,383	1,269	1,314	1,268	1,265	1,127	1,186	1,313	1,276	1,217	265	1,304	1,284	1,152	984	787	733	645	167	800
Total non-interest income
4,595	4,526	4,708	4,385	4,120	4,499	3,915	4,016	3,736	3,834	4,159	3,929	3,442	5,926	3,414	3,572	3,324	3,504	3,266	3,297	3,245	3,006	3,207	3,110	2,841	2,805	3,111	3,309	3,427	2,678	2,886	3,593	3,380	4,453	3,722	2,736	3,602	3,857	3,130
Non-interest expense:
Salaries and employee benefits
5,724	6,178	5,695	5,718	5,647	5,664	5,519	5,385	4,962	5,020	4,933	4,871	5,234	5,150	4,829	4,704	4,581	4,602	4,596	4,286	4,801	4,746	4,301	4,207	4,276	4,238	4,183	4,240	4,190	4,467	4,187	3,931	3,841	3,937	3,489	3,673	3,667	3,511	3,433
Occupancy
1,921	1,955	1,861	1,811	1,737	1,803	1,761	1,750	1,856	1,720	1,669	1,699	1,613	1,522	1,755	1,734	1,754	1,712	1,611	1,482	1,483	1,775	1,489	1,466	1,521	1,550	1,357	1,320	1,312	1,344	1,291	1,300	1,301	1,309	1,334	1,331	1,365	1,334	1,301
Professional fees
333	535	237	429	289	458	314	373	380	448	303	236	249	836	429	239	935	748	163	301	256	-	378	239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
218	246	234	275	266	214	207	260	241	336	247	366	246	513	313	148	162	208	172	218	186	-	196	186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit card expense
230	223	201	239	227	220	282	283	209	354	320	268	306	271	271	333	266	251	256	246	235	-	225	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance
40	3	-36	80	72	80	81	84	83	87	87	87	86	88	71	164	171	170	162	172	177	-	169	182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Appraisal management fee expense
1,034	883	1,012	864	662	587	627	654	592	657	655	648	566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1,949	2,067	2,063	1,828	2,016	2,244	1,911	1,771	1,719	2,256	1,792	1,808	2,061	3,403	1,930	1,787	1,623	2,333	1,709	1,632	1,610	2,369	1,783	1,563	2,326	-13	2,349	2,419	2,236	2,701	2,678	2,612	2,129	2,354	2,341	2,404	2,368	2,337	2,323
Total non-interest expense
11,449	12,090	11,267	11,244	10,916	11,270	10,702	10,560	10,042	10,878	10,006	9,983	10,361	14,043	9,598	9,109	9,492	10,024	8,669	8,337	8,748	10,940	8,541	8,067	8,123	9,235	7,889	7,979	7,738	8,512	8,156	7,843	7,271	7,600	7,164	7,408	7,400	7,182	7,057
Earnings before income taxes
2,834	3,638	4,455	4,658	4,452	4,126	4,154	3,771	3,955	3,277	4,419	3,736	2,783	1,268	3,330	3,996	3,144	2,801	3,435	3,490	3,007	1,440	2,917	3,467	3,501	1,412	2,788	2,094	2,276	1,399	1,782	1,995	2,204	2,485	1,798	573	1,766	498	1,091
Income tax expense
467	672	834	845	785	690	687	595	652	1,267	1,177	925	578	-34	872	1,032	691	613	942	866	679	-377	475	916	923	30	870	461	518	187	369	486	545	708	406	-56	405	-42	227
Net earnings
2,367	-	3,621	3,813	3,667	-	3,467	3,176	3,303	-	3,242	2,811	2,205	-	2,458	2,964	2,453	-	2,493	2,624	2,328	1,817	2,442	2,551	2,578	1,382	1,918	1,633	1,758	1,212	1,413	1,509	1,659	1,777	1,392	629	1,361	540	864
Dividends and accretion of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	156	156	157	157	157	348	348	349	348	348	348	348	349
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,195	1,762	1,477	1,601	1,055	1,256	1,161	1,311	1,428	1,044	281	1,013	192	515
Basic net earnings per share
0.40	0.50	0.62	0.64	0.61	0.57	0.58	0.53	0.55	0.33	0.54	0.47	0.37	0.09	0.45	0.54	0.45	0.24	0.45	0.47	0.41	0.33	0.43	0.45	0.46	-	0.31	-	-	0.18	0.23	0.21	0.24	-	-	0.05	0.18	0.03	0.09
Diluted net earnings per share
0.40	0.50	0.61	0.64	0.61	0.57	0.57	0.53	0.55	0.34	0.52	0.47	0.36	0.09	0.44	0.53	0.44	0.23	0.45	0.47	0.41	-	0.43	0.45	-	-	0.31	-	-	0.18	0.23	0.21	0.24	-	-	0.05	0.18	0.03	0.09
Basic and diluted net earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.26	0.29	-	-	-	-	-	0.19	-	-	-	-
Cash dividends declared per share
0.30	0.14	0.14	0.14	0.24	0.13	0.13	0.13	0.13	0.11	0.11	0.11	0.11	0.07	0.10	0.10	0.08	0.05	0.08	0.06	0.06	0.06	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.07	0.02	0.02	0.07	0.02	0.02	0.02	0.02	0.02	0.02