Patriot national bancorp inc (PNBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and Dividend Income
Interest and fees on loans

40,568

37,546

31,270

24,391

22,879

19,601

20,706

23,482

25,957

33,615

41,121

Interest on investment securities

1,667

1,306

982

-

-

-

-

-

-

185

180

Interest on investment securities

-

-

-

544

473

-

-

-

-

-

-

Interest on investment securities

-

-

-

-

-

528

775

1,508

1,990

1,522

1,335

Dividends on investment securities

453

490

383

353

287

172

113

128

240

267

293

Interest on federal funds sold

-

-

-

-

-

-

-

-

6

17

37

Other interest income

956

1,033

214

120

102

67

60

98

137

-

-

Total interest and dividend income

43,644

40,375

32,849

25,408

23,741

20,368

21,654

25,216

28,332

35,608

42,968

Interest Expense
Interest on deposits

13,985

9,024

4,948

2,242

2,016

2,364

3,822

5,351

6,283

11,178

22,021

Interest on Federal Home Loan Bank borrowings

2,175

1,634

702

-

-

-

-

-

-

-

-

Interest on Federal Home Loan Bank borrowings

-

-

-

371

368

181

666

1,459

1,632

-

-

Interest on senior debt

915

915

915

25

0

0

-

-

-

-

-

Interest on subordinated debt

1,118

767

360

334

294

425

284

300

285

-

-

Interest on note payable and other

25

38

31

36

12

0

-

-

-

-

-

Interest on other borrowings

-

-

-

-

-

-

82

-

-

-

-

Interest on Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-

-

1,698

1,698

Interest on subordinated debt

-

-

-

-

-

-

-

-

-

288

331

Interest on other borrowings

-

-

-

-

-

-

-

309

308

308

308

Total interest expense

18,218

12,378

6,956

3,008

2,690

2,970

4,854

7,419

8,510

13,474

24,359

Net interest income

25,426

27,997

25,893

22,400

21,051

17,398

16,800

17,797

19,821

22,134

18,608

Provision (Credit) for Loan Losses

4,971

1,303

-857

2,464

250

0

970

-2,379

7,464

7,714

13,089

Net interest income after provision for loan losses

20,455

26,694

26,750

19,936

20,801

17,398

15,830

20,176

12,357

14,420

5,519

Non-interest Income
Mortgage banking activity

-

-

-

-

-

-

-

164

-

-

-

Mortgage banking activity

-

-

-

-

-

-

-

-

58

90

167

Loan application, inspection and processing fees

113

51

73

180

185

239

504

101

-

-

-

Deposit fees and service charges

492

524

590

600

612

896

744

857

-

-

-

Gains on sales of loans

891

162

4

-

-

-

28

336

-

-

-

Net gain on sale of investment securities

-

-

-

-

-

-

-

911

1,109

-

-

Gains on sale of loans

-

-

-

-

-

-

-

-

79

-

-

Gain on sale of branch assets and deposits

-

-

-

-

-

-

51

-

-

-

-

Loan application, inspection & processing fees

-

-

-

-

-

-

-

-

78

155

214

Fees and service charges

-

-

-

-

-

-

-

-

964

1,174

1,025

Loss on sale of investment securities

-

-

-

-

-

-

-

-

-

-

434

Gain on redemption of investment securities

-

-

-

-

-

-

-

-

-

-

16

Earnings on cash surrender value of bank owned life insurance

-

-

-

-

-

439

523

517

636

546

724

Rental income

589

413

399

414

402

355

-

-

-

-

-

Other income

398

477

378

362

352

-97

576

388

484

386

363

Total non-interest income

2,483

1,627

1,444

1,556

1,551

1,832

2,426

3,274

3,411

2,354

2,946

Non-interest Expense
Salaries and benefits

13,681

11,741

10,915

9,489

9,247

8,097

9,702

10,593

12,395

13,195

11,879

Occupancy and equipment expense

3,521

3,159

3,133

3,110

3,462

3,556

3,911

4,419

4,931

5,555

5,657

Data processing expense

1,463

1,313

1,139

939

1,226

1,115

1,296

1,469

1,286

1,456

1,373

Professional and other outside services

3,010

2,177

2,050

1,747

1,656

2,312

2,836

2,601

3,406

3,067

4,021

Project expenses

465

2,098

640

-

-

-

-

-

-

-

-

Merger and tax initiative project expenses, net

-

-

-

-

0

-

-

-

-

-

-

Advertising and promotional expense

380

258

322

394

591

252

217

86

573

312

280

Loan administration and processing expense

155

93

63

54

50

65

220

137

271

303

519

Regulatory assessments

1,233

1,142

844

603

603

879

1,159

1,724

-

-

-

Insurance expense, net

136

90

233

222

-

-

-

-

-

-

-

Insurance expense

-

-

-

-

304

349

315

471

-

-

-

Regulatory assessments

-

-

-

-

-

-

-

-

1,992

2,957

3,165

Insurance expense

-

-

-

-

-

-

-

-

869

936

762

Other real estate operations

-

-

-

-

-

-

-212

58

-877

-2,286

-

Other real estate operations

-

-

-

-

-

-

-

-

-

-

-793

Communications, stationary and supplies

518

503

381

402

427

376

397

504

684

804

782

Restructuring charges and asset disposals (Note 19)

-

-

-

-

-

-

522

940

2,986

-

-

Prepayment penalty on borrowings

-

-

-

-

-

-

-4,116

-

-

-

-

Other operating expense

2,092

1,661

1,452

1,395

1,285

1,270

981

1,100

953

1,072

895

Total non-interest expense

26,654

24,235

21,172

18,355

18,851

18,271

25,884

23,986

31,228

31,948

30,131

(Loss) Income before income taxes

-3,716

4,086

7,022

3,137

3,501

959

-7,628

-536

-15,459

-15,173

-21,665

(Benefit) Provision for Income Taxes

-899

890

2,875

1,207

1,358

-14,750

-339

-

0

225

2,213

Net (loss) income

-2,817

3,196

4,147

1,930

2,143

15,709

-7,289

-536

-15,459

-15,398

-23,879

Basic (loss) earnings per share (in dollars per share)

-0.72

0.82

1.06

0.49

0.55

4.08

-1.90

-

-

-

-

Diluted (loss) earnings per share (in dollars per share)

-0.72

0.82

1.06

0.49

0.55

4.05

-1.90

-

-

-

-

Basic and diluted income (loss) per share (1) (in dollars per share)

-

-

-

-

-

-

-

-0.14

-0.40

-1.30

-5.02

Dividends per share

-

-

-

-

-

-

-

-

0.00

0.00

0.00