Provident Bancorp, Inc. PVBC Balance Sheet

Provident bancorp, inc. (PVBC)

Balance Sheet / Yearly

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
Assets
Cash and due from banks
11,285	9,151	10,941	9,899	12,268	8,809	10,326	8,720	10,535	8,416	7,939	9,528	11,971	11,013	7,302	9,469	9,252	6,955	7,533
Short-term investments
-	-	-	-	-	13,511	37,363	8,827	1,243	2,276	2,637	12,581	4,519	4,586	12,865	16,672	44,370	8,735	1,311
Money market mutual funds
-	-	-	-	-	-	-	30	158	655	129	681	438	380	297	216	187	720	714
Cash and cash equivalents
-	-	-	-	-	22,320	47,689	17,577	11,936	11,347	10,705	22,790	16,928	15,979	20,464	26,357	53,809	16,410	9,558
Short-term investments
16,996	14,575	17,672	16,089	35,537	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
28,281	23,726	28,613	25,988	47,805	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in available-for-sale securities (at fair value)
48,590	49,662	51,403	52,476	55,322	-	61,429	-	-	-	-	-	-	-	-	-	-	-	-
Investments in available-for-sale securities (at fair value)
-	-	-	-	-	57,790	-	109,684	123,143	123,832	117,867	115,462	123,085	79,243	80,984	67,042	70,258	73,894	76,032
Investments in held-to-maturity securities (fair value of $46,474 as of December 31, 2015
-	-	-	-	-	-	-	-	-	-	-	-	0	44,282	44,623	45,194	45,317	45,438	45,559
Federal Home Loan Bank stock, at cost
3,836	3,515	2,650	1,925	2,156	2,166	1,854	3,737	3,008	3,894	2,787	2,467	2,367	2,387	3,310	3,642	3,642	3,642	3,642
Loans, net
885,126	859,269	835,528	783,292	770,105	759,882	742,138	748,537	702,085	650,874	624,425	589,364	579,877	555,463	554,929	521,785	502,101	493,457	494,183
Assets held-for-sale
-	-	-	-	-	-	3,286	3,213	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
26,576	26,403	26,226	26,055	25,883	25,711	25,540	25,362	19,694	19,544	19,395	19,252	19,105	18,959	18,793	15,879	12,336	12,240	12,144
Premises and equipment, net
22,776	21,467	16,086	14,943	14,338	14,287	10,981	11,156	14,457	14,461	11,587	11,682	11,876	12,081	11,606	10,203	10,268	10,342	10,503
Other real estate owned
1,740	1,720	1,676	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
3,226	3,171	2,638	2,584	2,494	2,270	2,345	2,635	2,532	2,333	2,320	2,018	2,183	2,220	2,251	2,001	2,102	2,065	2,056
Deferred tax asset, net
-	-	-	-	-	-	4,920	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset, net
6,398	6,589	6,437	5,347	5,247	5,274	-	4,808	4,240	4,816	4,913	3,786	3,496	4,738	5,056	4,053	3,883	3,444	3,632
Other assets
4,626	2,997	2,822	2,561	2,090	1,472	2,083	1,870	2,047	1,840	1,544	1,381	1,508	1,220	1,381	2,956	2,535	1,480	1,297
Total assets
1,031,175	998,519	974,079	915,171	925,440	891,172	902,265	928,579	883,142	832,941	795,543	768,202	760,425	736,572	743,397	699,112	706,251	662,412	658,606
Liabilities and Equity
Deposits:
Noninterest-bearing
219,497	198,733	195,293	195,641	197,851	181,368	186,222	170,089	170,136	162,126	158,075	160,851	158,612	150,206	153,093	153,324	149,453	130,661	128,157
Interest-bearing
583,905	576,544	572,803	555,829	556,418	538,337	563,835	555,184	531,214	518,471	469,907	449,480	448,717	446,163	424,142	404,775	422,325	407,542	408,527
Total deposits
803,402	775,277	768,096	751,470	754,269	719,705	750,057	725,273	701,350	680,597	627,982	610,331	607,329	596,369	577,235	558,099	571,778	538,203	536,684
Borrowings
81,963	79,942	68,022	-	-	-	26,841	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
3,901	3,919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock subscriptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,990	-	-
Federal Home Loan Bank advances
-	-	-	29,902	39,881	45,211	-	78,365	60,075	32,870	49,858	41,458	38,947	29,435	57,423	17,412	17,637	41,637	39,237
Other liabilities
10,146	11,109	12,377	11,663	11,302	8,926	9,590	8,887	7,715	8,239	8,554	8,070	7,218	7,293	7,333	6,587	6,283	5,519	6,894
Total liabilities
899,412	870,247	848,495	793,035	805,452	773,842	786,488	812,525	769,140	721,706	686,394	659,859	653,494	633,097	641,991	582,098	628,688	585,359	582,815
Shareholders' equity:
Preferred stock; authorized 50,000 shares: no shares issued and outstanding
-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	17,145	17,145	17,145	17,145
Common stock, no par value: 30,000,000 shares authorized; 9,658,284 shares issued, 9,621,822 shares outstanding at June 30, 2019 and 9,662,181 shares issued, 9,625,719 shares outstanding at December 31, 2018
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
-	-	-	-	-	-	44,592	-	-	-	43,393	-	-	-	-	-	-	-	-
Additional paid-in capital
46,567	46,236	45,895	45,572	45,250	44,923	-	44,274	43,976	43,679	-	43,237	43,202	43,177	43,159	43,128	275	275	275
Retained earnings
88,100	85,569	83,351	80,516	78,459	76,069	74,047	72,403	69,632	68,031	66,229	64,501	62,740	61,377	59,890	58,477	58,116	56,927	55,959
Accumulated other comprehensive income (loss)
384	-186	-255	-700	-389	-270	589	2,786	3,753	2,783	2,622	3,759	4,203	2,195	1,690	1,716	2,027	2,706	2,412
Unearned compensation - ESOP
2,500	2,559	2,619	2,679	2,738	2,798	2,857	2,917	2,976	3,036	3,095	3,154	3,214	3,274	3,333	3,452	-	-	-
Treasury stock: 36,462 shares
788	788	788	573	594	594	594	492	383	222	-	-	-	-	-	-	-	-	-
Total shareholders' equity
131,763	128,272	125,584	122,136	119,988	117,330	115,777	116,054	114,002	111,235	109,149	108,343	106,931	103,475	101,406	117,014	77,563	77,053	75,791
Total liabilities and shareholders' equity
1,031,175	998,519	974,079	915,171	925,440	891,172	902,265	928,579	883,142	832,941	795,543	768,202	760,425	736,572	743,397	699,112	706,251	662,412	658,606