Penns woods bancorp inc (PWOD)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST AND DIVIDEND INCOME:
Loans, including fees

60,384

54,000

45,833

42,056

39,134

36,495

32,353

25,372

25,187

25,513

25,568

Investment securities:
Taxable

3,997

2,784

2,182

2,424

3,426

5,111

6,034

5,940

5,677

5,584

5,424

Tax-exempt

660

860

1,218

1,498

2,795

3,453

4,602

5,429

5,260

5,059

5,005

Dividend and other interest income

1,733

1,102

744

835

769

547

310

366

252

206

194

TOTAL INTEREST AND DIVIDEND INCOME

66,774

58,746

49,977

46,813

46,124

45,606

43,299

37,107

36,376

36,362

36,191

INTEREST EXPENSE:
Deposits

11,443

6,370

4,083

3,547

3,129

2,995

3,221

3,645

4,566

6,055

8,284

Short-term borrowings

793

1,757

234

46

116

54

81

137

202

265

396

Long-term borrowings

3,723

2,809

1,580

1,974

1,974

1,913

1,962

2,429

2,888

3,548

3,718

TOTAL INTEREST EXPENSE

15,959

10,936

5,897

5,567

5,219

4,962

5,264

6,211

7,656

9,868

12,398

NET INTEREST INCOME

50,815

47,810

44,080

41,246

40,905

40,644

38,035

30,896

28,720

26,494

23,793

Provision for Loan and Lease Losses

2,735

1,735

730

1,196

2,300

2,850

2,275

2,525

2,700

2,150

917

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

48,080

46,075

43,350

40,050

38,605

37,794

35,760

28,371

26,020

24,344

22,876

NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card fees

1,378

1,534

1,312

1,327

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

640

-47

600

1,611

-

-

-

-

-

-

-

Equity Securities, FV-NI, Gain (Loss)

89

-170

0

0

-

-

-

-

-

-

-

Debt Securities, Trading, Gain (Loss)

19

3

-8

58

-

-

-

-

-

-

-

Service charges

-

-

-

-

2,383

2,419

2,307

1,894

2,021

2,177

2,200

Net debt securities gains (losses), available for sale

640

-47

600

1,611

-

-

-

-

-

-

-

Securities gains, available for sale

-

-

-

-

2,592

3,515

2,417

-

-

-

-

Net securities gains, available for sale

-

-

-

-

-

-

-

1,285

621

173

-4,846

Securities (losses) gains, trading

-

-

-

-

-22

0

0

-

-

-

-

Bank Owned Life Insurance Income

574

662

666

684

720

923

677

670

599

636

713

Gain (Loss) on Sale of Mortgage Loans

1,754

1,518

1,674

2,102

1,743

1,803

1,438

1,386

1,130

949

826

Insurance commissions

-

-

-

-

781

1,146

1,084

1,357

933

970

1,189

Brokerage commissions

-

-

-

-

1,064

1,077

1,018

912

997

965

768

Debit card fees

-

-

-

-

1,692

-

-

-

-

-

-

Other

1,796

1,800

1,756

1,620

1,812

3,625

3,101

2,596

1,918

1,589

1,437

TOTAL NON-INTEREST INCOME

10,452

9,461

10,744

12,113

12,765

14,508

12,042

10,100

8,219

7,459

2,287

NON-INTEREST EXPENSE:
Labor and Related Expense

21,829

21,083

18,999

17,813

17,023

17,273

15,415

11,762

10,479

10,214

10,189

Occupancy

2,712

2,702

2,447

2,223

2,248

2,301

1,905

1,270

1,262

1,240

1,266

Furniture and equipment

3,248

3,092

2,915

2,793

2,622

2,536

1,815

1,452

1,379

1,264

1,212

Software amortization

871

712

974

1,256

1,140

-

-

-

-

-

-

Pennsylvania shares tax

1,148

1,108

925

873

954

907

864

674

689

677

685

Professional Fees

2,474

2,106

2,353

2,096

1,919

-

-

-

-

-

-

Professional fees

-

-

-

-

-

661

661

661

661

693

567

Federal Deposit Insurance Corporation deposit insurance

578

890

669

767

867

746

594

468

525

737

1,067

Write down of assets held for sale

475

0

0

-

-

-

-

-

-

-

-

Loss on sale of premises and equipment

-474

0

0

-

-

-

-

-

-

-

-

Debit card expenses

-

-

-

-

576

-

-

-

-

-

-

Marketing

425

767

958

740

612

532

517

516

377

-

-

Amortization of Intangible Assets

264

300

337

366

311

345

213

0

0

-

-

Other

5,210

5,247

6,285

6,164

5,464

8,589

8,283

5,220

4,592

4,667

4,826

TOTAL NON-INTEREST EXPENSE

39,708

38,007

36,862

35,091

33,736

33,890

30,267

22,023

19,964

19,492

19,812

INCOME BEFORE INCOME TAX PROVISION

18,824

17,529

17,232

17,072

17,634

18,412

17,535

16,448

14,275

12,311

5,351

Income Tax Expense (Benefit)

3,138

2,819

7,459

4,597

3,736

3,804

3,451

2,598

1,913

1,382

-742

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

15,686

14,710

9,773

12,475

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interest

14

6

0

0

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

15,672

14,704

9,773

12,475

-

-

-

-

-

-

-

NET INCOME

-

-

-

-

13,898

14,608

14,084

13,850

12,362

10,929

6,093

EARNINGS PER SHARE - BASIC AND DILUTED (in dollars per share)

-

-

-

2.64

2.91

3.03

3.19

3.61

3.22

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

4,735

4,772

4,816

4,410

3,837

3,836

-

-

Earnings per share - basic (in dollars per share)

2.23

2.09

1.39

-

-

-

-

-

-

2.85

1.59

Earnings per share - diluted (in dollars per share)

2.20

2.09

1.39

-

-

-

-

-

-

2.85

1.59

Weighted Average Number of Shares Outstanding, Basic

7,038

7,035

7,058

-

-

-

-

-

-

3,834

3,832

Weighted average shares outstanding - diluted (in shares)

7,113

7,035

7,058

-

-

-

-

-

-

3,834

3,832

Common Stock, Dividends, Per Share, Declared

1.26

1.25

1.25

1.88

1.88

1.88

2.13

1.88

1.84

1.84

1.84

Service charges
Service charges, insurance commissions, brokerage commissions, and debit card fees

2,411

2,460

2,222

2,249

-

-

-

-

-

-

-

Insurance Commissions
Service charges, insurance commissions, brokerage commissions, and debit card fees

433

365

496

795

-

-

-

-

-

-

-

Brokerage Commissions
Service charges, insurance commissions, brokerage commissions, and debit card fees

1,358

1,336

1,378

1,098

-

-

-

-

-

-

-

Debit Card
Service charges, insurance commissions, brokerage commissions, and debit card fees

1,378

1,534

1,960

1,896

-

-

-

-

-

-

-