Peoples financial services corp. (PFIS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Interest and fees on loans:
Taxable

20,917

20,804

20,940

20,641

20,103

19,806

18,798

18,239

17,509

16,925

16,535

15,945

15,541

15,502

15,294

14,760

14,346

13,932

13,341

13,391

13,340

-

13,876

13,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,000

9,283

7,213

7,229

7,377

13,957

5,698

5,682

5,515

16,344

5,505

5,413

5,136

4,787

4,952

Tax-exempt

1,031

1,035

1,066

1,109

1,099

1,006

919

871

870

829

813

795

726

730

770

780

751

637

585

570

559

658

465

507

635

464

396

404

410

559

316

393

419

153

331

346

357

279

274

Interest and dividends on investment securities:
Taxable

1,548

1,308

1,092

1,025

1,010

1,009

998

934

858

819

714

719

697

636

575

617

687

699

792

816

900

1,069

1,007

942

928

554

386

414

439

485

558

603

636

786

639

633

666

731

745

Tax-exempt

299

385

411

520

562

620

639

661

701

737

716

752

794

827

861

875

875

887

858

835

805

809

816

817

829

698

658

646

623

1,648

325

328

359

1,990

397

411

475

525

488

Dividends

23

24

19

22

19

21

16

19

16

15

13

12

12

17

10

11

10

11

9

6

9

18

2

14

16

31

22

16

19

42

6

8

7

38

9

8

9

9

13

Interest on interest-bearing deposits in other banks

24

15

27

15

8

20

49

42

40

26

40

38

29

3

15

15

17

13

13

15

8

9

10

9

10

18

18

28

22

40

2

1

4

51

3

3

2

1

1

Interest on federal funds sold

-

-

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-3

5

7

6

16

34

14

-

-

-

-

-

11

-

-

-24

13

11

2

8

8

Total interest income

23,842

23,616

23,632

23,332

22,801

22,482

21,419

20,766

19,994

19,351

18,831

18,261

17,799

17,715

17,525

17,058

16,686

16,177

15,598

15,638

15,628

15,850

16,192

15,482

16,432

11,050

8,693

8,737

8,890

16,720

6,916

7,015

6,940

19,338

6,897

6,825

6,647

6,340

6,481

Interest expense:
Interest on deposits

3,503

3,905

3,966

3,713

3,411

3,211

2,342

1,959

1,834

1,833

1,654

1,529

1,434

1,468

1,356

1,322

1,283

1,264

1,229

1,192

1,268

1,306

1,354

1,414

1,357

908

647

650

671

190

1,115

1,071

1,048

1,614

1,168

1,132

1,044

1,165

1,221

Interest on short-term borrowings

573

151

83

595

813

421

809

841

667

301

177

248

174

120

116

89

77

30

11

4

8

4

9

24

34

17

6

6

5

-102

29

49

62

-155

76

76

86

115

101

Interest on long-term debt

205

308

347

296

280

302

315

315

306

307

344

349

348

353

353

354

360

275

245

252

259

276

279

289

296

298

299

305

357

1,394

163

170

173

1,570

208

263

257

355

393

Total interest expense

4,281

4,364

4,396

4,604

4,504

3,934

3,466

3,115

2,807

2,441

2,175

2,126

1,956

1,941

1,825

1,765

1,720

1,569

1,485

1,448

1,535

1,586

1,642

1,727

1,687

1,223

952

961

1,033

-

1,307

1,290

-

-

-

1,471

-

-

-

Total interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,283

-

1,452

-

1,387

1,635

1,715

Net interest income

19,561

19,252

19,236

18,728

18,297

18,548

17,953

17,651

17,187

16,910

16,656

16,135

15,843

15,774

15,700

15,293

14,966

14,608

14,113

14,190

14,093

14,264

14,550

13,755

14,745

9,827

7,741

7,776

7,857

15,238

5,609

5,725

5,657

16,309

5,445

5,354

5,260

4,705

4,766

Provision for loan losses

3,500

4,000

700

350

1,050

1,050

1,050

1,050

1,050

1,200

1,200

1,200

1,200

1,400

1,200

1,200

1,200

1,300

900

750

750

800

666

1,201

857

1,036

525

500

300

-441

330

390

645

887

269

804

421

445

682

Net interest income after provision for loan losses

16,061

15,252

18,536

18,378

17,247

17,498

16,903

16,601

16,137

15,710

15,456

14,935

14,643

14,374

14,500

14,093

13,766

13,308

13,213

13,440

13,343

13,464

13,884

12,554

13,888

8,791

7,216

7,276

7,557

15,679

5,279

5,335

5,012

15,422

5,176

4,550

4,839

4,260

4,084

Noninterest income:
Service charges, fees and commissions

-

-

-

-

-

-

-

-

-

-

-

1,682

1,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant services income

-

-

-

-

-

-

-

-

-

-

-

1,178

1,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commission and fees on fiduciary activities

-

-

-

-

-

-

-

-

-

-

-

494

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management income

-

-

-

-

-

-

-

-

-

-

-

348

319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges, fees and commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,542

1,527

1,444

1,560

1,531

1,542

1,612

1,669

1,634

1,557

1,624

666

1,006

1,459

961

1,336

804

797

743

2,314

736

711

709

782

1,017

Merchant services income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,257

1,038

914

919

1,183

963

790

765

1,002

888

894

813

1,174

918

1,031

-

-

-

-

-

-

-

-

-

-

Commission and fees on fiduciary activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

539

474

482

459

541

487

459

489

575

548

567

454

487

403

391

-

-

-

-

-

-

-

-

-

-

Wealth management income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

296

412

218

224

198

205

183

217

165

187

185

130

100

90

-

-

-

-

-

-

-

-

-

-

Wealth management income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

138

143

-

142

236

139

81

99

Mortgage banking income

137

143

172

137

148

155

163

162

147

208

193

204

179

269

217

195

204

205

197

248

222

214

142

193

99

117

80

33

133

252

277

302

74

407

32

98

48

168

63

Bank owned life insurance income

187

188

189

192

186

189

190

191

187

192

193

195

189

197

199

202

193

198

192

188

189

213

109

267

189

612

117

120

119

-

-

-

-

-

-

-

-

-

-

Interest rate swap revenue

470

-

-

-

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (losses) gains on equity investment securities

-123

126

14

-9

1

0

14

8

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on sale of investment securities available-for-sale

267

-

-

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of credit card loans

-

-

-

-

-

-

-

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

381

242

210

147

0

832

-

701

160

-

5

33

24

101

-

-

-

-

-

-

-

-

-

-

Net gain on sale of merchant services business

-

-

-

-

-

-

-

-

-

-

-

2,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

99

284

629

25

2

10

22

179

Other-than-temporary impairment of investment equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-

-84

-140

-

Net gain (loss) on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-8

-

90

1,583

-

2

-47

Total noninterest income

3,550

3,870

3,682

4,152

3,416

3,171

3,253

3,663

3,572

3,364

3,661

6,379

3,782

3,859

4,025

4,113

3,891

3,769

4,015

3,626

4,309

3,533

4,380

3,778

3,560

2,852

3,027

3,057

2,826

7,607

1,261

1,337

1,236

8,145

1,022

2,630

822

915

1,311

Noninterest expense:
Salaries and employee benefits expense

7,856

7,686

8,056

8,037

7,595

7,116

6,946

7,390

6,955

6,819

6,550

7,026

6,275

5,732

5,466

5,904

5,332

5,290

5,397

5,613

5,233

5,769

4,754

4,961

5,168

5,568

3,340

3,492

3,583

8,850

1,792

1,749

1,730

9,229

1,648

1,628

1,446

1,490

1,395

Net occupancy and equipment expense

3,079

3,104

2,997

2,849

2,961

2,682

2,681

2,720

2,814

2,648

2,483

2,450

2,394

2,424

2,316

2,245

2,437

2,241

2,246

2,149

2,468

2,022

2,020

2,327

1,733

1,801

685

701

801

656

747

753

790

1,448

738

699

676

641

614

Merchant services expense

-

-

-

-

-

-

-

-

-

-

33

1,033

730

723

890

748

632

637

823

650

533

514

662

495

565

543

740

582

625

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

154

173

183

182

192

211

220

220

230

249

259

258

268

287

297

297

305

299

296

295

305

324

334

333

343

151

55

56

64

-

-

-

-

-

-

-

-

-

-

Professional fees and outside services

365

415

487

525

331

914

431

446

623

520

472

756

529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance and assessments

74

36

68

288

259

263

247

297

286

219

241

239

127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Donations

338

364

386

359

332

328

355

343

313

310

323

283

272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

109

1,008

608

-

220

5

-

-

-

-

-

-

-

-

-

-

-

Other expenses

1,785

1,866

1,902

2,189

1,820

1,859

1,657

2,080

1,860

3,486

2,119

1,957

1,761

-1,119

3,048

2,919

2,912

1,050

2,944

2,804

2,555

2,694

3,205

3,115

2,870

2,603

2,325

2,020

2,052

5,534

1,299

1,396

794

3,672

1,371

1,743

1,273

1,372

1,501

Total noninterest expense

13,651

13,644

14,079

14,429

13,490

13,373

12,537

13,496

13,081

12,455

12,480

14,002

12,356

12,282

12,017

12,113

11,618

12,468

11,706

11,511

11,094

11,323

11,084

12,239

11,287

15,050

7,365

6,856

7,125

18,049

3,838

3,898

3,314

17,819

3,757

4,070

3,395

3,503

3,510

Income before income taxes

5,960

5,478

8,139

8,101

7,173

7,296

7,619

6,768

6,628

6,619

6,637

7,312

6,069

5,951

6,508

6,093

6,039

4,609

5,522

5,555

6,558

5,674

7,180

4,093

6,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,407

2,878

3,477

3,258

5,237

2,702

2,774

2,934

5,748

2,441

3,110

2,266

1,672

1,885

Income tax expense

679

446

991

957

761

904

902

811

774

3,971

1,287

1,653

1,269

1,223

1,390

1,238

1,157

770

1,113

1,124

1,514

1,290

1,944

762

1,463

-1,277

392

633

737

1,592

462

490

514

1,234

582

751

467

272

361

Net income

5,281

5,032

7,148

7,144

6,412

6,392

6,717

5,957

5,854

2,648

5,350

5,659

4,800

4,728

5,118

4,855

4,882

3,839

4,409

4,431

5,044

4,384

5,236

3,331

4,698

-2,130

2,486

2,844

2,521

3,645

2,240

2,284

2,420

4,514

1,859

2,359

1,799

1,400

1,524

Other comprehensive income:
Unrealized gain on investment securities available-for-sale

7,629

-102

161

2,611

2,439

2,380

-1,179

-839

-2,376

-2,866

-381

1,184

273

-4,420

-1,120

1,128

995

-644

826

-1,459

767

1,532

-825

1,242

2,394

-642

-20

-2,744

-476

-866

321

1,791

-23

-2,318

2,908

3,183

1,100

4,525

2,418

Reclassification adjustment for net gain on sales included in net income

267

-

-

23

-

-

-

-

-

-

-

-

-

0

0

381

242

210

147

0

832

-

701

160

-

5

33

24

101

-

-

-

-

-

-

-

-

-

-

Change in derivative fair value

1,036

-

153

443

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income

8,398

319

314

3,031

2,502

2,035

-1,179

-839

-2,376

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

1,765

66

66

637

526

429

-248

-176

-501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-381

1,184

273

-3,503

-1,120

747

753

-1,150

679

-1,459

-65

-2,152

-1,526

1,082

2,394

-

-53

-2,768

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-133

415

96

-1,226

-392

261

264

-403

237

-510

-23

-

-534

378

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive loss, net of income taxes

-

-

-

-

-

-

-

-

-

-

-248

769

177

-2,277

-728

486

489

-747

442

-949

-42

-

-992

704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for gain on sales included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

-

-

-

2

-

-

-

Income tax expense (benefit) related to other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

838

1,160

-18

-941

-196

-

-109

-575

-

-

-

-1,082

-

-

-

Reclassification adjustment for gain on sales included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

284

-

25

-

10

22

179

Reclassification adjustment for other-than-temporary impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-

-84

-140

-

Income tax expense (benefit) related to other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

-

981

-

-399

1,579

761

Other comprehensive income, net of income taxes

6,633

253

248

2,394

1,976

1,606

-931

-663

-1,875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,556

1,835

-35

-1,827

-381

-1,138

212

1,117

-203

-2,939

1,905

2,099

775

3,064

1,478

Comprehensive income

11,914

5,285

7,396

9,538

8,388

8,589

5,786

5,294

3,979

993

5,102

6,428

4,977

2,451

4,390

5,341

5,371

3,092

4,851

3,482

5,002

2,985

4,244

4,035

6,254

-295

2,451

1,017

2,140

2,507

2,452

3,401

2,217

1,575

3,764

4,458

2,574

4,464

3,002

Per share data:
Net income:
Basic

0.72

0.68

0.97

0.96

0.87

0.86

0.91

0.81

0.79

0.37

0.72

0.76

0.65

0.64

0.69

0.66

0.66

0.52

0.58

0.59

0.67

0.58

0.70

0.44

0.62

-0.55

0.56

0.64

0.56

0.14

0.72

0.73

0.78

0.44

0.60

0.75

0.57

0.45

0.49

Diluted

0.71

0.68

0.97

0.96

0.87

0.86

0.91

0.81

0.79

0.37

0.72

0.76

0.65

0.64

0.69

0.66

0.66

0.52

0.58

0.59

0.67

0.58

0.70

0.44

0.62

-0.55

0.56

0.64

0.56

0.14

0.72

0.73

0.78

0.44

0.60

0.75

0.57

0.45

0.49

Average common shares outstanding:
Basic

7,379

7,388

7,394

7,399

7,399

7,399

7,399

7,396

7,396

7,396

7,396

7,396

7,394

7,394

7,394

7,395

7,403

7,434

7,536

7,546

7,548

7,548

7,548

7,548

7,550

5,523

4,473

4,467

4,467

8,514

3,118

3,118

3,118

-

-

3,146

3,142

-

-

Diluted

7,406

7,378

7,394

7,399

7,408

7,399

7,399

7,396

7,396

7,396

7,396

7,396

7,394

7,394

7,394

7,395

7,403

7,434

7,536

7,546

7,548

7,548

7,548

7,570

7,580

5,523

4,473

4,467

4,467

8,514

3,118

3,118

3,119

-

-

3,147

3,144

-

-

Dividends declared

0.36

0.35

0.34

0.34

0.34

0.33

0.33

0.33

0.32

0.32

0.32

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.31

0.30

0.31

0.31

0.31

0.59

0.22

0.21

0.21

0.63

0.20

0.20

0.20

0.20

0.20

Service charges, fees and commissions
Revenue from contracts with customers

1,605

2,656

2,161

2,490

1,719

1,822

1,883

1,885

2,088

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant services income
Revenue from contracts with customers

114

136

182

457

198

122

128

309

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commission and fees on fiduciary activities
Revenue from contracts with customers

506

519

569

492

507

484

570

485

497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management income
Revenue from contracts with customers

387

382

395

370

377

399

305

332

411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-