PREMIER FINANCIAL BANCORP INC PFBI Income Statement

Premier financial bancorp inc (PFBI)

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
Loans, including fees
64,702	65,237	64,361	61,654	59,111	56,856	55,207	54,945	55,924	55,425	54,811	54,717	53,162	52,228	50,406	49,537	48,070	47,134	47,805	47,355	46,976	46,974	45,086	44,645	44,089	42,186	42,075	41,219	40,540	43,117	44,007	44,500	45,760	44,363	44,443	44,209	0	0	0
Securities available for sale
Taxable
9,466	9,261	9,152	8,631	7,952	7,022	6,179	5,861	5,691	5,628	5,511	5,369	5,267	5,350	5,302	5,193	5,037	4,866	4,936	5,125	5,319	5,377	5,441	5,577	5,705	5,972	6,214	6,453	6,754	6,963	7,158	7,334	7,626	7,771	7,949	8,081	0	0	0
Tax-exempt
345	348	353	320	287	254	229	239	248	261	276	296	320	332	299	268	236	207	219	227	234	214	192	169	147	155	166	180	195	208	219	227	231	237	243	250	0	0	0
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).
1,645	1,732	1,880	1,834	1,736	1,689	1,312	1,015	817	676	618	565	491	431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal funds sold and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	187	181	159	157	152	143	145	147	150	147	143	164	170	176	0	0	0
Total interest income
76,158	76,578	75,746	72,439	69,086	65,821	62,927	62,060	62,680	61,990	61,216	60,947	59,240	58,341	56,402	55,319	53,608	52,411	53,140	52,884	52,718	52,750	50,906	50,572	50,100	48,470	48,607	47,995	47,634	50,435	51,534	52,208	53,760	52,535	52,805	52,716	0	0	0
Interest expense
Deposits
9,124	9,009	8,563	7,551	6,463	5,444	4,584	4,183	3,937	3,855	3,821	3,832	3,856	3,884	3,738	3,631	3,543	3,482	3,599	3,694	3,767	3,738	3,749	3,790	3,884	4,088	4,367	4,726	5,109	5,553	5,948	6,341	6,730	7,127	7,629	8,073	0	0	0
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.
85	70	54	40	35	34	37	34	34	33	30	33	37	37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,005	971	0	0	0
Repurchase agreements and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	34	35	32	37	45	58	74	88	104	119	137	158	166	168	0	0	0
FHLB advances
204	229	388	340	292	237	0	0	0	-	-	-	-	466	145	135	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FHLB advances and other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Subordinated debt
358	369	376	375	368	352	334	318	303	295	293	282	275	256	181	118	51	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Total interest expense
9,750	9,677	9,287	8,249	7,132	6,067	5,165	4,776	4,553	4,502	4,491	4,537	4,601	4,643	4,430	4,280	4,137	4,031	4,165	4,266	4,347	4,336	4,362	4,427	4,538	4,775	5,091	5,489	5,913	6,436	6,918	7,395	7,883	8,327	8,800	9,212	0	0	0
Net interest income
66,408	66,901	66,459	64,190	61,954	59,754	57,762	57,284	58,127	57,488	56,725	56,410	54,639	53,698	51,972	51,039	49,471	48,380	48,975	48,618	48,371	48,414	46,544	46,145	45,562	43,695	43,516	42,506	41,721	43,999	44,616	44,813	45,877	44,208	44,005	43,504	0	0	0
Provision for loan losses
1,690	1,250	1,740	1,590	1,760	2,315	2,356	2,972	3,248	2,499	2,345	1,766	1,802	1,748	1,530	1,527	569	326	619	846	913	534	-778	-1,264	-1,255	-375	1,850	3,060	3,880	4,260	3,440	2,990	4,060	3,630	3,911	4,510	0	0	0
Net interest income after provision for loan losses
64,718	65,651	64,719	62,600	60,194	57,439	55,406	54,312	54,879	54,989	54,380	54,644	52,837	51,950	50,442	49,512	48,902	48,054	48,356	47,772	47,458	47,880	47,322	47,409	46,817	44,070	41,666	39,446	37,841	39,739	41,176	41,823	41,817	40,578	40,094	38,994	0	0	0
Non-interest income
Fees earned from our deposit customers for transaction-based, account maintenance, and overdraft services.
4,673	4,661	4,651	4,618	4,562	4,562	4,479	4,385	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-interest income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,900	3,817	3,748	3,665	3,754	3,730	3,715	3,576	3,400	3,359	3,307	3,357	3,440	3,476	3,502	3,543	3,557	3,659	3,767	3,825	3,915	3,963	0	0	0
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.
3,484	3,488	3,493	3,570	3,535	3,530	3,488	3,353	0	-	0	0	-	3,145	3,030	2,909	2,809	2,691	2,656	2,633	2,586	2,437	2,314	2,181	2,043	2,018	2,006	1,994	1,999	2,017	1,985	1,925	1,882	1,843	1,753	1,683	0	0	0
Secondary market mortgage income
256	214	192	124	172	180	209	219	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Secondary market mortgage income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	202	176	139	137	155	190	218	199	187	184	181	256	320	324	380	311	268	302	251	314	376	363	0	0	0
Gain on disposition of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	273	0	0	-	0	-	-	-	-
Other
994	971	1,022	1,012	939	826	735	651	0	-	0	0	-	796	762	732	635	606	611	651	706	689	648	681	672	688	707	656	620	650	684	811	899	911	902	765	0	0	0
Total non-interest income
9,407	9,334	9,358	9,324	9,208	9,098	8,911	8,608	0	-	0	0	-	8,187	7,894	7,634	7,331	7,099	7,177	7,233	7,254	6,930	7,770	7,670	7,468	7,732	9,428	9,606	9,657	9,529	6,785	6,715	6,817	6,911	6,946	6,774	0	0	0
Non-interest expenses
Salaries and employee benefits
21,694	21,485	21,184	20,608	20,224	19,803	19,319	19,233	19,163	19,355	19,483	19,540	19,784	19,805	19,009	18,341	17,599	16,949	17,779	18,030	18,428	18,071	17,125	16,466	15,438	15,046	14,759	14,738	14,751	15,122	15,561	16,015	16,169	16,237	16,195	15,937	0	0	0
Occupancy and equipment expenses
6,970	6,909	6,875	6,745	6,348	6,294	6,178	6,119	6,088	5,999	6,050	6,174	6,275	6,266	5,980	5,673	5,386	5,201	5,190	5,143	5,187	5,013	4,827	4,616	4,412	4,338	4,360	4,433	4,451	4,553	4,639	4,684	4,845	4,900	4,872	4,877	0	0	0
Outside data processing
5,929	5,782	5,646	5,483	5,334	5,199	4,995	5,024	5,102	5,173	5,294	5,250	5,209	5,210	5,055	4,859	4,620	4,395	4,355	4,330	4,284	4,057	3,838	3,595	3,421	3,372	3,295	3,309	3,327	3,379	3,712	3,816	4,123	4,458	4,370	4,437	0	0	0
Professional fees
1,010	1,131	1,202	1,442	1,535	1,506	1,515	1,185	1,063	975	1,005	976	882	784	667	689	685	664	618	325	355	762	740	1,200	1,280	900	1,073	1,042	1,053	1,181	1,145	1,068	990	966	979	997	0	0	0
Taxes, other than payroll, property and income
1,010	973	953	935	886	888	860	832	831	780	730	697	645	614	588	567	553	591	542	610	617	573	681	627	626	686	647	685	724	667	622	593	625	663	827	926	0	0	0
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).
1,369	1,550	1,269	1,082	1,379	244	127	447	475	1,601	1,563	1,982	1,827	1,826	2,160	2,064	2,006	2,109	1,453	1,234	406	158	1,153	863	1,623	1,853	2,391	2,603	2,624	2,514	0	0	0	-	-	-	-	0	0
Amortization of intangibles
900	885	876	843	810	778	781	843	904	974	1,045	1,071	1,137	1,139	1,071	1,003	895	853	869	884	899	818	737	664	592	600	608	629	651	672	694	724	755	792	749	681	0	0	0
Write-downs, expenses, sales of other real estate owned, net of gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Loan collection expenses
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	413	520	595	650	1,182	1,373	1,655	1,651	1,172	0	0	0	-	-
FDIC insurance
95	223	359	535	540	564	612	600	630	675	594	713	773	840	965	919	911	866	873	888	942	928	919	884	824	835	850	740	779	809	808	727	957	1,223	1,471	1,867	0	0	0
Conversion expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,720	1,812	903	0	0	0
Other expenses
4,589	4,484	4,131	4,239	4,273	4,449	4,590	4,452	4,425	4,059	4,048	4,092	4,196	4,274	4,273	4,131	3,883	3,773	3,735	3,712	3,823	3,798	3,912	3,654	3,319	3,126	2,980	3,034	3,055	3,193	3,441	3,493	3,817	3,985	4,239	4,382	0	0	0
Total non-interest expenses
43,908	43,764	43,241	42,658	42,075	40,471	39,505	39,263	39,209	40,218	40,200	40,883	41,116	41,193	40,317	38,795	37,087	35,804	35,726	35,468	35,253	34,490	33,965	32,716	31,811	31,169	31,483	31,808	32,065	33,272	32,525	34,158	35,808	36,521	37,030	36,048	0	0	0
Income before income taxes
30,217	31,221	30,836	29,266	27,327	26,066	24,962	23,850	24,374	23,426	22,631	22,097	19,988	18,944	18,019	18,351	19,146	19,349	19,807	19,537	19,459	20,320	21,127	22,363	22,474	20,633	19,611	17,244	15,433	15,996	15,436	14,380	12,826	10,968	10,010	9,720	0	0	0
Provision for income taxes
6,829	7,025	6,895	6,571	6,116	5,898	6,664	7,106	8,086	8,607	8,174	7,943	7,129	6,770	6,400	6,571	6,863	6,903	6,984	6,888	6,837	7,170	7,516	7,977	8,079	7,404	7,082	6,230	5,436	5,673	5,448	4,990	4,499	3,800	3,392	2,696	0	0	0
Net income
23,388	24,196	23,941	22,695	21,211	20,168	18,298	16,744	16,288	14,819	14,457	14,154	12,859	12,174	11,619	11,780	12,283	12,446	12,823	12,649	12,622	13,150	13,611	14,386	14,395	13,229	12,529	11,014	9,997	10,323	9,988	9,390	8,327	7,168	6,618	7,024	0	0	0
Discount on redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Preferred stock dividends and accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	598	699	659	659	659	1,272	1,404	933	1,073	602	610	1,221	1,221	1,220	1,220	0	0	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,552	12,912	13,727	13,736	12,570	11,870	11,127	9,969	10,155	9,678	8,168	7,106	5,947	5,398	5,804	0	0	0
EARNINGS PER SHARE [Abstract]
Basic (in dollars per share)
0.37	0.40	0.43	0.40	0.42	0.39	0.38	0.33	0.38	0.22	0.26	0.29	0.34	0.08	0.30	0.25	0.29	0.20	0.41	0.38	0.39	0.25	0.36	0.36	0.44	0.44	0.47	0.37	0.29	0.35	0.38	0.23	0.32	0.30	0.19	0.09	0.17	0.23	0.24
Diluted (in dollars per share)
0.36	0.39	0.43	0.40	0.42	0.40	0.37	0.32	0.38	0.21	0.26	0.29	0.34	0.08	0.30	0.25	0.29	0.22	0.40	0.37	0.36	0.24	0.34	0.34	0.41	0.42	0.44	0.35	0.28	0.34	0.37	0.22	0.31	0.29	0.19	0.09	0.17	0.22	0.23
Dividends per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-