PEOPLES BANCORP OF NORTH CAROLINA INC PEBK Income Statement

Peoples bancorp of north carolina inc (PEBK)

Income statement / TTM

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
43,362	43,301	42,809	41,712	40,204	38,654	37,315	36,374	35,677	34,888	34,203	33,425	32,709	32,452	32,267	32,168	31,528	31,098	30,764	30,339	30,497	30,305	30,079	30,007	29,955	30,194	30,607	31,185	31,973	32,758	33,502	34,253	35,185	36,374	37,677	38,918	0	0	0
Interest on due from banks
242	213	185	184	273	304	336	310	234	219	194	166	136	123	72	44	33	26	44	58	63	65	65	69	85	85	79	72	60	51	38	31	0	-	0	0	-	-	-
Interest on federal funds sold
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on investment securities:
U.S. Government sponsored enterprises
2,682	2,670	2,554	2,517	2,400	2,333	2,330	2,317	2,406	2,404	2,416	2,441	2,477	2,531	2,567	2,597	2,561	2,616	2,657	2,670	2,861	2,995	2,965	2,626	2,108	1,639	1,391	1,603	2,054	2,746	3,741	4,726	5,402	5,414	5,364	5,056	0	0	0
State and political subdivisions
2,722	2,915	3,192	3,495	3,715	3,877	3,988	4,061	4,148	4,236	4,302	4,360	4,411	4,454	4,485	4,525	4,564	4,600	4,628	4,651	4,663	4,677	4,709	4,720	4,620	4,427	4,171	3,869	3,587	3,403	3,257	3,172	3,175	3,180	2,973	2,641	0	0	0
Other
206	171	172	182	182	182	183	180	179	202	215	222	235	249	272	294	318	326	328	339	358	378	382	383	370	351	345	331	312	287	285	281	265	258	118	109	0	0	0
Total interest income
49,668	49,601	48,912	48,090	46,774	45,350	44,152	43,242	42,644	41,949	41,330	40,614	39,968	39,809	39,663	39,628	39,004	38,666	38,421	38,057	38,442	38,420	38,200	37,805	37,138	36,696	36,593	37,060	37,986	39,245	40,840	42,476	44,063	45,259	46,266	46,854	0	0	0
Interest expense:
NOW, MMDA & savings deposits
1,839	1,596	1,275	1,009	875	769	718	685	642	598	559	529	507	495	476	456	441	432	447	465	484	499	529	565	640	732	845	959	1,054	1,180	1,341	1,584	1,890	2,263	2,701	3,095	0	0	0
Time deposits
1,035	909	711	579	518	472	448	433	443	466	494	524	552	586	638	707	785	870	948	1,024	1,101	1,188	1,289	1,398	1,517	1,650	1,857	2,198	2,640	3,205	3,766	4,250	4,663	5,035	5,539	6,064	0	0	0
FHLB borrowings
223	205	70	49	46	0	58	269	470	662	1,017	1,232	1,447	1,661	1,689	1,706	1,723	1,735	1,810	1,923	2,039	2,166	2,254	2,316	2,402	2,518	2,595	2,666	2,715	2,744	2,761	2,833	2,902	2,956	3,061	3,113	0	0	0
Junior subordinated debentures
748	844	868	867	845	790	736	679	626	590	564	534	507	485	458	437	418	402	395	392	390	389	389	391	394	398	405	415	425	438	439	429	420	407	413	414	0	0	0
Other
196	203	217	200	152	115	84	71	65	61	57	50	47	44	40	41	42	45	48	46	46	45	44	44	48	55	67	88	107	129	160	202	245	285	328	365	0	0	0
Total interest expense
4,041	3,757	3,141	2,704	2,436	2,146	2,044	2,137	2,246	2,377	2,691	2,869	3,060	3,271	3,301	3,347	3,409	3,484	3,648	3,850	4,060	4,287	4,505	4,714	5,001	5,353	5,769	6,326	6,941	7,696	8,467	9,298	10,120	10,946	12,042	13,051	0	0	0
Net interest income
45,627	45,844	45,771	45,386	44,338	43,204	42,108	41,105	40,398	39,572	38,639	37,745	36,908	36,538	36,362	36,281	35,595	35,182	34,773	34,207	34,382	34,133	33,695	33,091	32,137	31,343	30,824	30,734	31,045	31,549	32,373	33,178	33,943	34,313	34,224	33,803	0	0	0
Provision for loan losses
2,206	863	1,095	783	937	790	270	-58	-240	-507	-504	-646	-1,226	-1,206	-1,318	-723	-406	-17	-479	-458	-177	-699	395	476	1,182	2,584	2,674	3,098	3,928	4,924	7,349	9,966	11,731	12,632	14,352	14,153	0	0	0
Net interest income after provision for loan losses
43,421	44,981	44,676	44,603	43,401	42,414	41,838	41,163	40,638	40,079	39,143	38,391	38,134	37,744	37,680	37,004	36,001	35,199	35,252	34,665	34,559	34,832	33,300	32,615	30,955	28,759	28,150	27,636	27,117	26,625	25,024	23,212	22,212	21,681	19,872	19,650	0	0	0
Non-interest income:
Service charges
4,591	4,576	4,601	4,506	4,424	4,355	4,303	4,314	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other service charges and fees
738	714	725	696	694	705	673	647	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of securities
-5	226	191	196	246	15	50	50	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
1,439	1,264	1,013	853	782	851	952	1,055	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	-	-	4,562	-	4,440	4,470	4,554	4,647	4,804	4,914	4,966	4,961	4,889	4,775	4,656	4,566	4,494	4,527	4,615	4,764	4,864	4,915	5,039	5,106	5,279	5,447	0	0	0
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	711	-	959	922	910	931	906	946	1,016	1,080	1,165	1,210	1,218	1,172	2,012	1,982	1,972	1,940	1,314	1,579	1,849	2,090	2,126	2,192	0	0	0
Other than temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	266	265	25	377	614	630	642	954	1,218	3,114	4,341	3,858	4,406	4,118	3,125	0	0	0
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	1,405	-	1,407	1,281	1,260	1,130	1,066	1,022	939	804	776	821	948	1,228	1,436	1,431	1,387	1,229	1,018	849	796	757	657	621	0	0	0
Insurance and brokerage commissions
888	877	875	875	873	824	784	799	775	761	723	665	642	632	648	664	711	714	723	705	664	701	704	704	720	661	591	580	521	517	525	496	498	471	434	406	0	0	0
Appraisal management fee income
4,972	4,484	4,049	3,537	3,279	3,206	3,301	3,357	3,352	3,306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain/(loss) on sale and write-down of other real estate
-	-	0	0	-	-	0	0	0	-	-240	-299	-296	-	63	159	235	245	8	-306	-373	-622	-682	-559	-755	-581	-709	-924	-935	-1,136	-1,028	-1,063	0	-	0	0	-	-	-
Loss on sale and write-down of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Miscellaneous
5,602	5,609	6,276	6,259	6,241	6,193	5,481	5,532	5,432	5,300	4,552	4,545	4,712	4,850	5,973	5,846	5,721	5,645	5,307	5,234	5,116	4,974	4,846	4,891	4,902	4,992	4,071	4,062	4,070	4,005	4,724	4,207	3,656	3,149	2,332	2,345	0	0	0
Total non-interest income
18,214	17,739	17,712	16,919	16,550	16,166	15,501	15,745	15,658	15,364	17,456	16,711	16,354	16,236	13,814	13,666	13,391	13,312	12,814	12,755	12,568	12,164	11,963	11,867	12,066	12,652	12,525	12,300	12,584	12,537	14,312	15,148	14,291	14,513	13,917	13,325	0	0	0
Non-interest expense:
Salaries and employee benefits
23,315	23,238	22,724	22,548	22,215	21,530	20,886	20,300	19,786	20,058	20,188	20,084	19,917	19,264	18,716	18,483	18,065	18,285	18,429	18,134	18,055	17,530	17,022	16,904	16,937	16,851	17,080	17,084	16,775	16,426	15,896	15,198	14,940	14,766	14,340	14,284	0	0	0
Occupancy
7,548	7,364	7,212	7,112	7,051	7,170	7,087	6,995	6,944	6,701	6,503	6,589	6,624	6,765	6,955	6,811	6,559	6,288	6,351	6,229	6,213	6,251	6,026	5,894	5,748	5,539	5,333	5,267	5,247	5,236	5,201	5,244	5,275	5,339	5,364	5,331	0	0	0
Professional fees
1,534	1,490	1,413	1,490	1,434	1,525	1,515	1,504	1,367	1,236	1,624	1,750	1,753	2,439	2,351	2,085	2,147	1,468	1,098	1,174	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
973	1,021	989	962	947	922	1,044	1,084	1,190	1,195	1,372	1,438	1,220	1,136	831	690	760	784	772	786	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit card expense
893	890	887	968	1,012	994	1,128	1,166	1,151	1,248	1,165	1,116	1,181	1,141	1,121	1,106	1,019	988	962	930	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance
87	119	196	313	317	328	335	341	344	347	348	332	409	494	576	667	675	681	680	700	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Appraisal management fee expense
3,793	3,421	3,125	2,740	2,530	2,460	2,530	2,558	2,552	2,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
7,907	7,974	8,151	7,999	7,942	7,645	7,657	7,538	7,575	7,917	9,064	9,202	9,181	8,743	7,673	7,452	7,297	7,284	7,320	7,394	7,325	8,041	5,659	6,225	7,081	6,991	9,705	10,034	10,227	10,120	9,773	9,436	9,228	9,467	9,450	9,432	0	0	0
Total non-interest expense
46,050	45,517	44,697	44,132	43,448	42,574	42,182	41,486	40,909	41,228	44,393	43,985	43,111	42,242	38,223	37,294	36,522	35,778	36,694	36,566	36,296	35,671	33,966	33,314	33,226	32,841	32,118	32,385	32,249	31,782	30,870	29,878	29,443	29,572	29,154	29,047	0	0	0
Earnings before income taxes
15,585	17,203	17,691	17,390	16,503	16,006	15,157	15,422	15,387	14,215	12,206	11,117	11,377	11,738	13,271	13,376	12,870	12,733	11,372	10,854	10,831	11,325	11,297	11,168	9,795	8,570	8,557	7,551	7,452	7,380	8,466	8,482	7,060	6,622	4,635	3,928	0	0	0
Income tax expense
2,818	3,136	3,154	3,007	2,757	2,624	3,201	3,691	4,021	3,947	2,646	2,341	2,448	2,561	3,208	3,278	3,112	3,100	2,110	1,643	1,693	1,937	2,344	2,739	2,284	1,879	2,036	1,535	1,560	1,587	2,108	2,145	1,603	1,463	713	534	0	0	0
Net earnings
0	-	0	0	0	-	0	0	0	-	0	0	0	-	10,063	10,098	9,758	-	9,262	9,211	9,138	9,388	8,953	8,429	7,511	6,691	6,521	6,016	5,892	5,793	6,358	6,337	5,457	5,159	3,922	3,394	0	0	0
Dividends and accretion of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	656	626	627	819	1,010	1,202	1,393	1,393	1,393	1,392	1,393	0	0	0
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,035	5,895	5,389	5,073	4,783	5,156	4,944	4,064	3,766	2,530	2,001	0	0	0
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