Provident bancorp, inc. (PVBC)
Income statement / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Interest and dividend income:
Interest and fees on loans

45,126

42,781

40,358

38,383

36,567

34,553

32,510

30,235

28,443

26,691

25,549

24,691

23,714

22,972

22,124

21,554

20,971

20,449

19,884

0

0

0

Interest and dividends on securities

1,648

1,638

1,669

1,831

2,242

2,734

3,172

3,360

3,345

3,304

3,312

3,387

3,378

3,342

3,290

3,256

3,285

3,314

3,376

0

0

0

Interest on short-term investments

296

297

313

364

175

136

100

34

28

31

33

33

41

45

38

28

13

5

6

0

0

0

Total interest and dividend income

47,070

44,716

42,340

40,578

38,984

37,423

35,782

33,629

31,816

30,026

28,894

28,111

27,133

26,359

25,452

24,838

24,269

23,768

23,266

0

0

0

Interest expense:
Interest on deposits

5,507

4,985

4,468

4,067

3,625

3,294

2,944

2,571

2,327

2,178

2,163

2,026

1,897

1,779

1,630

1,644

1,671

1,696

1,724

0

0

0

Interest on borrowings

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on Federal Home Loan Bank advances

-

-

-

670

-

-

-

788

740

691

622

575

558

545

544

577

561

566

567

0

0

0

Total interest expense

7,067

6,150

5,213

4,737

4,313

3,979

3,726

3,359

3,067

2,869

2,785

2,601

2,455

2,324

2,174

2,221

2,232

2,262

2,291

0

0

0

Net interest and dividend income

40,003

38,566

37,127

35,841

34,671

33,444

32,056

30,270

28,749

27,157

26,109

25,510

24,678

24,035

23,278

22,617

22,037

21,506

20,975

0

0

0

Provision for loan losses

4,851

4,135

3,329

3,177

2,768

3,022

2,929

2,686

1,837

1,155

703

644

655

638

805

1,176

1,189

1,341

1,452

0

0

0

Net interest and dividend income after provision for loan losses

35,152

34,431

33,798

32,664

31,903

30,422

29,127

27,584

26,912

26,002

25,406

24,866

24,023

23,397

22,473

21,441

20,848

20,165

19,523

0

0

0

Noninterest income:
Gain on sale of securities, net

0

0

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer service fees on deposit accounts

-

-

-

-

-

-

-

-

-

1,307

1,274

1,196

1,200

1,198

1,222

2,267

1,964

1,717

1,426

0

0

0

Service charges and fees - other

-

-

-

-

-

-

-

-

-

1,861

1,777

1,758

1,799

1,791

1,754

1,769

1,761

1,780

1,811

0

0

0

Gain on sale of securities, net

-

-

-

-

-

-

-

-

-

1,152

690

475

252

256

317

321

107

413

428

0

0

0

Bank owned life insurance income

693

692

686

693

688

666

645

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Other income

62

54

64

54

60

82

87

-246

-245

-70

92

652

774

672

513

-559

-275

-44

248

0

0

0

Total noninterest income

4,149

4,211

4,178

7,676

9,514

9,466

9,955

6,639

5,105

5,002

4,435

4,228

4,025

3,917

3,806

3,799

3,557

3,866

3,913

0

0

0

Noninterest expense:
Salaries and employee benefits

16,936

16,931

16,801

16,593

16,391

15,853

15,365

14,712

13,983

13,411

12,857

12,616

12,413

12,050

11,797

11,768

11,415

11,089

10,765

0

0

0

Occupancy expense

2,060

1,927

1,733

1,734

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Occupancy expense

-

-

-

-

-

-

-

-

-

1,654

1,548

1,559

1,530

1,507

1,535

1,477

1,430

1,372

1,308

0

0

0

Equipment expense

443

455

471

492

523

559

587

616

629

636

631

599

569

540

528

559

549

571

617

0

0

0

FDIC assessment

-

-

-

319

-

-

309

246

274

297

323

388

378

378

378

388

381

369

361

0

0

0

Data processing

766

809

810

795

772

755

741

714

700

689

662

644

623

592

568

533

537

526

512

0

0

0

Marketing expense

255

247

245

237

264

303

300

302

291

242

249

161

109

127

127

91

81

72

77

0

0

0

Professional fees

1,564

1,397

1,223

1,131

1,084

970

936

867

939

1,037

1,088

1,157

1,075

990

942

804

738

675

611

0

0

0

Directors' compensation

663

638

620

641

633

625

607

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Charitable Foundation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Other

3,268

3,079

3,210

3,462

3,420

3,380

3,065

2,825

2,815

2,712

2,768

2,888

2,905

3,017

3,068

2,970

2,963

3,181

3,170

0

0

0

Total noninterest expense

26,256

25,784

25,414

25,349

25,040

24,504

23,749

22,671

21,969

21,174

20,477

20,093

21,752

21,351

21,093

20,740

18,094

17,855

17,421

0

0

0

Income before income tax expense

13,045

12,858

12,562

14,991

16,377

15,384

15,333

11,552

10,048

9,830

9,364

9,001

6,296

5,963

5,186

4,500

6,311

6,176

6,015

0

0

0

Income tax expense

3,383

3,337

3,237

6,760

7,453

7,249

7,418

3,650

3,156

3,176

3,025

2,938

1,864

1,665

1,363

1,115

1,805

1,525

1,453

0

0

0

Net income

9,662

9,521

9,325

8,231

8,924

8,135

7,915

7,902

6,892

6,654

6,339

6,063

4,432

4,298

3,823

3,385

4,506

4,651

4,562

0

0

0

Net income attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,656

0

0

0

-

-

0

0

Earnings per share:
Basic (in dollars per share)

0.27

0.24

0.31

0.22

0.26

0.22

0.19

0.30

0.17

0.20

0.19

0.19

0.15

0.16

-

-

0.00

-

-

0.00

-

-

Diluted (in dollars per share)

0.27

0.24

0.30

0.22

0.26

0.22

0.19

0.30

0.17

0.20

0.19

0.19

0.15

0.16

-

-

0.00

-

-

0.00

-

-

Weighted Average Shares:
Basic (in shares)

9,280

9,267

9,259

9,247

9,233

9,219

9,209

9,201

9,193

9,192

9,185

9,179

9,173

9,167

-

-

0

-

-

0

-

-

Diluted (in shares)

9,348

9,305

9,272

9,355

9,302

9,295

9,195

9,213

9,198

9,192

9,185

9,179

9,173

9,167

-

-

0

-

-

0

-

-

Customer service fees on deposit accounts
Total noninterest income

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees - other
Total noninterest income

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-