Patriot national bancorp inc (PNBK)
Income statement / Quarterly
Dec'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 and Dividend Income
Interest and fees on loans

10,308

10,245

10,274

9,741

10,158

9,413

9,201

8,774

8,550

8,522

7,591

6,607

6,580

6,188

5,783

5,840

5,530

5,879

5,924

5,546

5,451

4,792

4,667

4,691

5,038

5,427

5,045

5,196

5,471

5,533

5,811

6,665

6,277

6,184

6,538

6,956

7,977

8,937

Interest on investment securities

-

430

-

-

-

364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

10

-

1

58

61

51

21

Interest on investment securities

-

-

398

385

-

-

291

266

-

275

242

171

-

131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

142

-

115

119

116

130

130

133

135

153

148

226

248

208

396

426

477

564

664

486

274

369

377

Dividends on investment securities

109

112

114

118

116

125

128

121

103

105

93

82

89

88

90

86

85

85

60

57

50

39

42

41

26

29

29

29

30

32

31

33

32

56

80

69

66

66

Interest on federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

4

4

4

Other interest income

167

225

237

327

270

342

270

151

66

65

19

64

26

25

28

41

26

30

17

29

25

16

14

12

13

10

9

28

-

21

-

-

-

-

-

-

-

-

Total interest and dividend income

11,038

11,012

11,023

10,571

10,929

10,244

9,890

9,312

9,013

8,967

7,945

6,924

6,834

6,432

6,033

6,109

5,764

6,109

6,120

5,748

5,656

4,977

4,856

4,879

5,230

5,614

5,309

5,501

5,735

5,983

6,310

7,186

6,890

6,907

7,166

7,366

8,468

9,407

Interest Expense
Interest on deposits

3,533

3,655

3,533

3,264

2,913

2,457

1,997

1,657

1,491

1,339

1,129

989

724

549

496

473

476

498

513

529

541

579

607

637

768

893

1,032

1,129

1,173

1,239

1,421

1,516

1,479

1,384

1,553

1,865

2,765

2,948

Interest on Federal Home Loan Bank borrowings

-

602

-

-

-

486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on Federal Home Loan Bank borrowings

-

-

426

439

-

-

502

257

-

248

183

78

113

73

64

121

122

90

85

71

74

41

33

33

29

119

167

351

-

358

354

-

-

-

-

-

-

-

Interest on senior debt

229

229

228

229

229

229

228

229

229

229

228

229

25

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on subordinated debt

273

277

279

289

278

278

112

99

94

92

89

85

84

85

83

82

76

74

73

71

72

71

82

200

71

71

71

71

-

75

-

-

-

-

-

-

-

-

Interest on note payable and other

5

6

8

6

15

6

10

7

7

7

8

9

11

9

8

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

356

-

428

423

418

428

423

Interest on subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

76

-

70

71

70

76

71

Interest on other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

76

77

77

76

76

77

77

76

76

77

76

Total interest expense

4,748

4,769

4,474

4,227

3,824

3,456

2,849

2,249

2,014

1,915

1,637

1,390

957

716

651

684

683

665

671

671

687

691

722

870

868

1,083

1,276

1,627

1,713

1,750

1,927

2,027

1,992

1,961

2,125

2,430

3,347

3,520

Net interest income

6,290

6,243

6,549

6,344

7,105

6,788

7,041

7,063

6,999

7,052

6,308

5,534

5,877

5,716

5,382

5,425

5,081

5,444

5,449

5,077

4,969

4,286

4,134

4,009

4,362

4,531

4,033

3,874

4,022

4,232

4,383

5,159

4,898

4,946

5,041

4,935

5,121

5,887

Provision (Credit) for Loan Losses

1,769

100

2,937

165

1,018

50

50

185

87

545

260

-1,749

150

355

1,959

0

0

0

0

250

-

-

-

0

0

1,000

0

-30

179

0

-1,713

-845

-1,000

0

1,482

6,981

5,025

512

Net interest income after provision for loan losses

4,521

6,143

3,612

6,179

6,087

6,738

6,991

6,878

6,912

6,507

6,048

7,283

5,727

5,361

3,423

5,425

5,081

5,444

5,449

4,827

4,969

4,286

4,134

4,009

4,362

3,531

4,033

3,904

3,842

4,232

6,096

6,004

5,898

4,946

3,558

-2,045

96

5,375

Non-interest Income
Mortgage banking activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119

46

-

34

22

12

30

13

1

13

22

26

Loan application, inspection and processing fees

39

32

28

14

15

16

12

8

12

25

15

21

28

64

21

67

14

16

105

50

-

44

100

-

-

54

116

-

-

-

-

-

-

-

-

-

-

-

Deposit fees and service charges

126

123

116

127

132

126

132

134

146

149

146

149

149

150

150

151

143

148

147

174

-

250

233

-

-

176

212

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of loans

-120

188

367

456

-

3

66

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

-

-

-

Net gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

924

0

-8

-

779

-

-

-

-

Gains on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

-

30

0

263

-

-

-

-

-

-

Gain on sale of branch assets and deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

-

-

-

-

-

-

-

-

-

-

-

Loan application, inspection & processing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

-

-

-

38

-

28

15

14

17

20

23

16

21

39

Fees and service charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219

-

-

-

171

-

215

227

228

228

207

248

280

322

274

Earnings on cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

116

116

121

125

129

142

127

132

121

120

142

144

170

152

168

161

138

Rental income

130

137

192

130

131

115

83

84

97

117

91

94

103

104

104

103

30

107

177

88

-

88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investment securities

-

-

-

-

-

-

-

-

-

0

0

-78

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

86

91

126

95

194

94

93

96

95

95

97

91

89

94

90

89

157

91

22

82

-547

89

174

187

265

105

101

105

121

101

69

95

86

90

203

103

108

81

Total non-interest income

261

571

829

822

565

354

386

322

432

386

349

277

369

412

365

410

344

362

451

394

29

587

623

593

610

560

769

487

612

1,456

455

749

836

1,281

710

582

637

560

Non-interest Expense
Salaries and benefits

3,409

3,480

3,608

3,184

3,324

2,794

2,854

2,769

3,247

2,741

2,497

2,430

2,155

2,169

2,615

2,550

2,263

2,245

2,395

2,344

2,060

2,090

1,976

1,971

1,962

2,158

2,577

3,005

2,356

2,620

2,725

2,890

3,151

2,840

3,189

3,214

3,192

3,191

Occupancy and equipment expense

923

937

744

917

813

829

776

741

755

796

807

775

797

783

750

780

784

814

909

955

929

840

865

922

955

981

936

1,039

1,032

1,127

1,135

1,123

1,245

1,038

1,291

1,354

1,371

1,297

Data processing expense

375

357

361

370

341

333

322

317

353

340

326

120

125

288

241

285

423

298

255

250

274

312

279

250

270

366

289

371

398

378

345

346

306

315

336

327

369

291

Professional and other outside services

715

721

803

771

583

565

457

572

438

410

550

652

565

409

364

409

374

322

391

569

962

422

457

471

437

740

770

889

621

509

854

615

744

545

1,234

881

566

702

Project expenses

-

212

-

-

-

653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger and tax initiative project expenses, net

-

-

-15

80

-

-

592

523

-

39

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising and promotional expense

125

63

77

115

64

57

59

78

56

81

111

74

53

128

96

117

75

329

137

50

67

61

73

51

59

40

76

42

44

15

8

17

51

91

271

157

61

71

Loan administration and processing expense

54

44

43

14

25

25

30

13

18

22

14

9

24

14

8

8

13

8

7

22

0

29

19

17

28

41

74

77

48

35

45

8

97

88

48

37

41

71

Regulatory assessments

371

152

395

315

317

275

298

252

272

230

163

179

150

159

147

147

152

140

157

154

-

233

237

-

-

243

304

-

-

-

-

-

-

-

-

-

-

-

Insurance expense, net

-24

65

54

41

38

-56

53

55

-

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance expense

-

-

-

-

-

-

-

-

-

-

56

59

-

57

56

55

61

79

83

81

-

88

78

-

-

89

83

-

-

-

-

-

-

-

-

-

-

-

Regulatory assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

230

-

-

-

374

-

439

462

410

321

431

628

611

689

689

Insurance expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

-

-

-

79

-

108

108

169

182

227

228

230

194

128

Other real estate operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-16

-121

-34

-55

-2

-53

-22

-16

150

-

-

-

-

-

-

Other real estate operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-774

-270

-454

-511

Communications, stationary and supplies

135

118

131

134

134

146

110

113

94

97

103

87

88

106

115

93

145

95

106

81

102

97

84

93

95

94

102

106

134

106

132

131

157

163

164

200

195

200

Restructuring charges and asset disposals (Note 19)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

394

-

436

8

126

368

-

-

2,986

-

-

-

Prepayment penalty on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,405

-2,711

-

-

-

-

-

-

-

-

-

-

-

Other operating expense

466

530

527

569

467

426

410

358

356

400

387

309

403

328

344

320

318

423

319

225

685

252

168

165

37

216

343

385

275

300

244

279

173

255

290

233

387

180

Total non-interest expense

6,737

6,679

6,728

6,510

6,436

6,047

5,961

5,791

6,242

5,222

5,014

4,694

4,414

4,441

4,736

4,764

4,608

4,753

4,759

4,731

5,332

4,424

4,232

4,283

4,340

6,461

8,714

6,369

5,899

5,671

6,206

6,209

6,291

5,972

11,444

7,519

7,524

7,336

(Loss) Income before income taxes

-1,955

35

-2,287

491

216

1,045

1,416

1,409

1,102

1,671

1,383

2,866

1,682

1,332

-948

1,071

817

1,053

1,141

490

-334

449

525

319

632

-2,370

-3,912

-1,978

-1,444

18

345

545

443

255

-7,175

-8,982

-6,790

-1,400

(Benefit) Provision for Income Taxes

-443

8

-632

168

-110

276

380

344

502

658

579

1,136

637

518

-366

418

285

420

452

201

-

-16,812

0

-

-318

0

0

-21

-

-

-

-

0

0

0

0

-

-

Net (loss) income

-1,512

27

-1,655

323

326

769

1,036

1,065

600

1,013

804

1,730

1,045

814

-582

653

531

633

689

289

-2,396

17,261

525

319

950

-2,370

-3,912

-1,957

-1,444

18

345

545

443

255

-7,175

-8,982

-6,790

-1,400

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

-0.39

0.01

-0.42

0.08

0.08

0.20

0.27

0.27

0.15

0.26

0.21

0.44

0.26

0.21

-0.15

0.17

-

0.16

-

0.07

-

4.48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-0.39

0.01

-0.42

0.08

0.09

0.20

0.26

0.27

0.15

0.26

0.21

0.44

0.27

0.21

-0.15

0.16

-

0.16

-

0.07

-

4.45

0.14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.18

-

-

-

-

0.01

-

-0.06

-0.10

-0.05

-0.16

0.00

0.01

0.01

0.01

0.01

-0.19

-0.23

-1.43

-0.29