PARKE BANCORP, INC. PKBK Income Statement

Parke bancorp, inc. (PKBK)

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
20,328	20,095	19,113	18,523	17,441	16,546	15,337	14,243	13,013	12,436	12,404	11,356	10,651	10,665	10,012	10,100	9,963	9,797	9,532	9,567	9,139	9,103	9,132	9,442	9,290	9,311	8,821	8,765	9,047	8,838	8,766	9,358	9,512	10,049	9,912	10,074	9,816	10,044	9,927
Interest and dividends on investments
278	272	284	290	315	328	333	332	349	355	349	351	374	280	293	316	356	346	365	339	246	243	256	262	293	179	168	179	205	227	259	252	288	296	329	330	374	428	436
Interest on federal funds sold and deposits with banks
951	574	1,021	1,011	601	594	345	308	146	159	85	63	72	73	66	55	23	16	21	27	15	27	29	32	23	17	19	33	40	67	59	66	54	49	31	27	22	-	-
Interest on cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	-
Total interest income
21,557	20,941	20,418	19,824	18,357	17,468	16,015	14,883	13,508	12,950	12,838	11,770	11,097	11,018	10,371	10,471	10,342	10,159	9,918	9,933	9,400	9,373	9,417	9,736	9,606	9,507	9,008	8,977	9,292	9,132	9,084	9,676	9,854	10,394	10,272	10,431	10,212	10,483	10,363
Interest expense:
Interest on deposits
5,451	5,289	4,915	4,520	3,963	3,447	3,051	2,620	1,953	1,798	1,667	1,547	1,466	1,418	1,370	1,375	1,255	1,196	1,219	1,198	1,131	1,177	1,206	1,186	1,177	1,185	1,184	1,289	1,374	1,472	1,552	1,687	1,772	1,912	1,960	1,950	2,056	2,376	2,362
Interest on borrowings
907	981	1,012	1,013	962	818	686	665	531	527	480	420	375	346	327	339	334	297	282	276	213	195	201	216	221	180	156	204	223	231	234	233	243	288	352	362	351	444	436
Total interest expense
6,358	6,270	5,927	5,533	4,925	4,265	3,737	3,285	2,484	2,325	2,147	1,967	1,841	1,764	1,697	1,714	1,589	1,493	1,501	1,474	1,344	1,372	1,407	1,402	1,398	1,365	1,340	1,493	1,597	1,703	1,786	1,920	2,015	2,200	2,312	2,312	2,407	2,820	2,798
Net interest income
15,199	14,671	14,491	14,291	13,432	13,203	12,278	11,598	11,024	10,625	10,691	9,803	9,256	9,254	8,674	8,757	8,753	8,666	8,417	8,459	8,056	8,001	8,010	8,334	8,208	8,142	7,668	7,484	7,695	7,429	7,298	7,756	7,839	8,194	7,960	8,119	7,805	7,652	7,565
Provision for loan losses
1,396	650	900	450	700	600	600	200	400	500	500	1,000	500	700	700	-638	700	0	1,450	750	840	1,000	250	1,000	1,000	500	200	1,000	1,000	1,500	1,500	2,050	2,250	3,600	2,350	2,100	2,400	2,100	2,200
Net interest income after provision for loan losses
13,803	14,021	13,591	13,841	12,732	12,603	11,678	11,398	10,624	10,125	10,191	8,803	8,756	8,554	7,974	9,395	8,053	8,666	6,967	7,709	7,216	7,001	7,760	7,334	7,208	7,642	7,468	6,484	6,695	5,929	5,798	5,706	5,589	4,594	5,610	6,019	5,405	5,552	5,365
Non-interest income
Gain on sale of SBA loans
0	0	76	0	40	151	13	36	178	42	351	84	0	15	0	372	1,432	863	1,527	1,200	557	898	2,810	1,011	321	0	757	969	499	1,525	700	755	602	545	751	899	2,244	635	676
Other loan fees
241	243	263	285	191	284	277	409	151	-	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of SBA related assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	178	251	0	0	0	-	-	-	-	-	-	-	-	-	-
Loan fees
-	-	-	-	-	-	-	-	-	-	-	175	66	201	70	159	347	331	399	341	316	308	302	246	215	179	200	161	162	144	91	105	54	35	20	101	64	28	32
Bank Owned Life Insurance Income
146	151	153	150	147	155	155	153	150	164	165	163	160	179	184	182	177	91	90	89	87	91	90	90	88	82	95	94	92	64	47	46	45	46	45	44	44	43	45
Service fees on deposit accounts
568	524	529	487	381	377	420	399	286	-	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service fees on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	99	88	85	87	69	74	81	73	66	70	78	76	58	57	79	73	65	51	54	62	54	50	55	58	53	55	62	67
Other than temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	0	48	37	47	71	0
Portion of loss recognized in other comprehensive income (OCI) (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	44	-20	0	-27	-23	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	44	28	37	20	48	0
Gains (Losses) on Sales of Other Real Estate
-132	-99	196	-343	0	-	150	-509	-	-68	-958	-389	-6	-70	-718	-75	-967	-723	-173	-954	-169	-422	261	-39	-396	-154	-53	-91	-364	-242	-132	-537	-88	-32	-577	0	52	-7	46
Gain on sale of SBA loan portfolio
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,611	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
165	45	73	187	160	170	74	158	101	193	128	459	87	105	507	152	112	270	136	112	400	161	359	293	497	527	387	113	207	233	184	108	444	184	56	60	52	121	37
Total non-interest income
988	864	1,290	766	919	806	1,089	646	866	645	14	591	395	515	130	8,470	1,175	913	2,052	854	1,261	1,114	3,898	1,659	960	9	1,459	1,311	647	1,778	952	531	1,107	789	325	1,120	2,491	834	903
Non-interest expense
Compensation and benefits
2,545	2,493	2,235	2,319	2,141	2,296	2,048	1,953	1,954	2,092	1,677	1,692	1,901	1,769	1,687	1,781	2,085	1,935	1,872	1,920	1,990	2,073	1,629	1,761	1,843	1,698	1,653	1,724	1,658	1,599	1,415	1,410	1,442	1,410	1,406	1,408	1,414	1,163	1,285
Professional services
355	451	583	521	391	369	258	418	374	421	405	382	365	427	386	369	457	389	395	364	509	369	339	338	410	435	456	439	316	682	288	500	276	270	321	389	255	291	321
Occupancy and equipment
480	436	413	473	471	391	444	419	421	398	376	326	343	356	315	311	332	324	318	306	325	286	287	296	296	317	287	239	244	267	244	267	265	256	248	242	260	253	226
Data processing
317	316	262	250	218	231	213	194	197	205	164	186	181	133	236	131	133	126	134	111	139	121	118	128	117	119	120	132	111	104	103	109	94	89	92	114	110	88	89
FDIC insurance and other assessments
141	-14	9	34	27	129	122	92	77	78	77	71	70	86	148	174	176	175	173	169	165	165	201	251	241	326	257	296	248	270	278	276	270	108	192	343	342	216	212
OREO expense
111	113	110	117	75	131	146	165	169	170	152	146	157	192	249	270	329	281	450	425	486	496	1,379	1,248	760	1,756	2,019	403	385	503	339	318	369	-	219	117	-	-	-
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	-	-
Other operating expense
920	1,015	853	803	837	925	703	753	703	1,067	761	758	672	802	1,156	956	1,182	653	1,019	963	736	1,143	868	872	876	839	615	994	766	664	803	1,110	814	771	574	649	720	1,265	542
Total non-interest expense
4,869	4,810	4,465	4,517	4,160	4,472	3,934	3,994	3,895	4,431	3,612	3,561	3,689	3,765	4,177	3,992	4,694	3,883	4,361	4,258	4,350	4,653	4,821	4,894	4,543	5,490	5,407	4,227	3,728	4,089	3,470	3,990	3,530	3,114	3,052	3,262	3,197	3,276	2,675
Income before income tax expense
9,922	10,075	10,416	10,090	9,491	8,937	8,833	8,050	7,595	6,339	6,593	5,833	5,462	5,304	3,927	13,873	4,534	5,696	4,658	4,305	4,127	3,462	6,837	4,099	3,625	2,161	3,520	3,568	3,614	3,618	3,280	2,247	3,166	2,269	2,883	3,877	4,699	3,121	3,593
Income tax expense
2,554	2,452	2,551	2,481	2,316	2,027	2,615	1,923	1,835	5,799	2,435	2,151	2,004	1,944	51	5,154	1,546	2,205	1,730	1,387	1,521	1,136	2,149	1,264	1,162	-324	1,304	1,275	1,370	1,348	1,365	257	1,272	919	1,161	1,564	1,880	1,180	1,470
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
7,368	7,638	7,865	7,609	7,175	6,933	6,218	6,127	5,760	540	4,158	3,682	3,458	3,360	3,876	8,719	2,988	3,491	2,928	2,918	2,606	2,326	4,688	2,835	2,463	2,485	2,216	2,293	2,244	2,270	1,915	1,990	1,894	1,350	1,722	2,313	2,819	1,941	2,123
Less: Net income attributable to noncontrolling interest
156	-	-	141	114	-	-	16	0	-	-3	-17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to noncontrolling interest
-	-	101	-	-	-	92	-	-	-	-	-	-1	-18	0	71	380	247	498	395	106	120	1,233	349	137	1,072	183	305	107	314	194	141	107	84	152	169	527	113	119
Net Income (Loss) Attributable to Parent
7,212	7,548	7,764	7,468	7,061	6,827	6,126	6,111	5,760	551	4,161	3,699	3,459	3,378	3,876	8,648	2,608	3,244	2,430	2,523	2,500	2,206	3,455	2,486	2,326	1,413	2,033	1,988	2,137	1,956	1,721	1,849	1,787	1,266	1,570	2,144	2,292	1,828	2,004
Less: Preferred stock dividend
8	7	8	8	1	17	22	168	239	226	297	297	299	300	300	300	300	300	300	300	300	300	300	300	300	285	263	256	254	254	253	253	252	250	251	250	249	247	247
Net income available to common shareholders
7,204	7,541	7,756	7,460	7,060	6,810	6,104	5,943	5,521	325	3,864	3,402	3,160	3,078	3,576	8,348	2,308	2,944	2,130	2,223	2,200	1,906	3,155	2,186	2,026	3,076	1,770	1,732	1,883	1,702	1,468	1,596	1,535	1,016	1,319	1,894	2,043	1,581	1,757
Earnings per common share
Earnings Per Share, Basic
0.61	0.51	0.72	0.69	0.60	0.41	0.60	0.66	0.63	-0.01	0.46	0.41	0.42	0.38	0.48	1.11	0.34	0.28	0.32	0.33	0.37	0.32	0.53	0.36	0.34	0.51	0.30	0.29	0.32	0.25	0.25	0.27	0.29	0.17	0.23	0.35	0.42	0.32	0.36
Earnings Per Share, Diluted
0.60	0.50	0.71	0.68	0.59	0.42	0.56	0.56	0.53	0.06	0.38	0.34	0.35	0.36	0.39	0.88	0.29	0.24	0.28	0.29	0.31	0.28	0.44	0.31	0.29	0.51	0.30	0.29	0.32	0.26	0.25	0.27	0.28	0.16	0.23	0.35	0.41	0.32	0.35
Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic
11,848	14,001	10,770	10,761	11,819	14,334	10,168	9,044	8,822	9,376	8,417	8,335	7,564	8,165	7,527	7,495	6,843	9,849	6,740	6,638	6,010	5,992	5,991	5,991	5,988	5,983	5,982	5,962	5,927	6,466	5,925	5,917	5,374	5,418	5,818	5,374	4,886	4,881	4,859
Weighted Average Number of Shares Outstanding, Diluted
12,008	14,200	10,921	10,918	12,003	15,272	10,920	10,909	10,908	10,358	10,889	10,913	9,901	9,894	9,849	9,807	8,938	12,928	8,651	8,753	7,939	7,922	7,933	7,930	7,912	5,979	5,988	5,963	5,930	6,467	5,925	5,917	5,386	5,545	5,841	5,450	5,027	4,900	5,005