Premier financial bancorp inc (PFBI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Loans, including fees

65,237

56,856

55,425

52,228

47,134

46,974

42,186

43,117

44,363

45,278

34,171

Securities available for sale
Taxable

9,261

7,022

5,628

5,350

4,866

5,377

5,972

6,963

7,771

7,817

6,730

Tax-exempt

348

254

261

332

207

214

155

208

237

259

245

Interest income on federal funds sold and interest income classified as other.. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight).

1,732

1,689

676

431

204

185

-

-

-

-

-

Federal funds sold and other

-

-

-

-

-

-

157

147

164

169

24

Other interest income

-

-

-

-

-

-

-

-

-

-

57

Total interest income

76,578

65,821

61,990

58,341

52,411

52,750

48,470

50,435

52,535

53,523

41,227

Interest expense
Deposits

9,009

5,444

3,855

3,884

3,482

3,738

4,088

5,553

7,127

8,605

9,121

Gross expenses on securities sold coupled with an agreement to repurchase the same from the same counterparty at a fixed or determinable price within a fixed or variable time period and interest expense classified as other.

70

34

33

37

38

34

-

-

-

-

-

Other borrowings

-

-

-

-

-

-

-

-

-

1,004

885

Repurchase agreements and other

-

-

-

-

-

-

37

88

158

170

138

FHLB advances

229

237

319

466

511

564

-

-

-

-

-

FHLB advances and other borrowings

-

-

-

-

-

-

650

795

1,042

-

-

Subordinated debt

369

352

295

256

0

0

-

-

-

-

-

Total interest expense

9,677

6,067

4,502

4,643

4,031

4,336

4,775

6,436

8,327

9,779

10,144

Net interest income

66,901

59,754

57,488

53,698

48,380

48,414

43,695

43,999

44,208

43,744

31,083

Provision for loan losses

1,250

2,315

2,499

1,748

326

534

-375

4,260

3,630

3,297

1,052

Net interest income after provision for loan losses

65,651

57,439

54,989

51,950

48,054

47,880

44,070

39,739

40,578

40,447

30,031

Non-interest income
Fees earned from our deposit customers for transaction-based, account maintenance, and overdraft services.

4,661

4,562

4,357

4,030

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

3,665

3,576

3,357

3,543

3,825

4,054

3,521

Income derived from customers' using an electronic means to transact their business. Includes but is not limited to income from (1) credit cards and debit cards, (2) Fees charged to customers for the use of internet banking facilities and (3) fees charged to non-customers for the use of bank-owned ATM's.

3,488

3,530

3,260

3,145

2,691

2,437

2,018

2,017

1,843

1,525

1,084

Secondary market mortgage income

214

180

201

212

-

-

-

-

-

-

-

Secondary market mortgage income

-

-

-

-

137

199

256

311

314

445

443

Gain on disposition of securities

-

-

-

4

0

29

1,413

545

-

-

-

Gain on sale of loan

-

-

-

-

-

-

-

2,463

0

0

-

Gain on disposition of securities

-

-

-

-

-

-

-

-

18

0

-

Securities gains

-

-

-

-

-

-

-

-

-

-

0

Gain on acquisition of subsidiary

-

-

-

-

-

-

-

-

-

-

3,552

Other

971

826

837

796

606

689

688

650

911

737

536

Total non-interest income

9,334

9,098

8,655

8,187

7,099

6,930

7,732

9,529

6,911

6,761

9,136

Non-interest expenses
Salaries and employee benefits

21,485

19,803

19,355

19,805

16,949

18,071

15,046

15,122

16,237

15,971

12,509

Occupancy and equipment expenses

6,909

6,294

5,999

6,266

5,201

5,013

4,338

4,553

4,900

4,907

3,261

Outside data processing

5,782

5,199

5,173

5,210

4,395

4,057

3,372

3,379

4,458

4,190

3,312

Professional fees

1,131

1,506

975

784

664

762

900

1,181

966

939

1,492

Taxes, other than payroll, property and income

973

888

780

614

591

573

686

667

663

873

766

The expenses incurred in holding real estate acquired via foreclosure prior to liquidation. Includes operating expenses, net of any revenue generated the properties operations (such as rent), any write-downs in carrying value due to impairment and any gains or losses recognized upon liquidation (disposition).

1,550

244

1,601

1,826

2,109

158

1,853

2,514

405

-

758

Amortization of intangibles

885

778

974

1,139

853

818

600

672

792

618

348

Write-downs, expenses, sales of other real estate owned, net of gains

-

-

-

-

-

-

-

-

-

157

-

Loan collection expenses

342

746

627

435

403

312

413

1,182

1,172

499

-

Supplies

-

-

-

-

-

-

-

-

-

-

406

FDIC insurance

223

564

675

840

866

928

835

809

1,223

1,894

1,292

Conversion expense

-

-

-

-

-

-

-

-

1,720

143

0

Other expenses

4,484

4,449

4,059

4,274

3,773

3,798

3,126

3,193

3,985

4,028

2,971

Total non-interest expenses

43,764

40,471

40,218

41,193

35,804

34,490

31,169

33,272

36,521

34,219

27,115

Income before income taxes

31,221

26,066

23,426

18,944

19,349

20,320

20,633

15,996

10,968

12,989

12,052

Provision for income taxes

7,025

5,898

8,607

6,770

6,903

7,170

7,404

5,673

3,800

3,817

2,934

Net income

24,196

20,168

14,819

12,174

12,446

13,150

13,229

10,323

7,168

9,172

9,118

Discount on redemption of preferred stock

-

-

-

-

-

-

-

905

0

0

-

Preferred stock dividends and accretion

-

-

-

-

-

598

659

1,073

1,221

1,249

133

Net income available to common stockholders

-

-

-

-

-

12,552

12,570

10,155

5,947

7,923

8,985

EARNINGS PER SHARE [Abstract]
Basic (in dollars per share)

1.65

1.48

1.11

0.92

1.38

1.41

1.57

1.28

0.75

1.00

1.32

Diluted (in dollars per share)

1.64

1.47

1.10

0.92

1.35

1.33

1.49

1.24

0.74

0.98

1.32

Dividends per share (in dollars per share)

0.60

0.57

0.48

0.45

0.51

0.55

0.44

-

-

-

-