PENNS WOODS BANCORP INC PWOD Income Statement

Penns woods bancorp inc (PWOD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	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	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST AND DIVIDEND INCOME:
Loans, including fees
14,657	14,789	15,426	15,300	14,869	14,828	13,982	12,997	12,193	12,191	11,906	11,109	10,627	10,694	10,541	10,466	10,355	10,197	9,862	9,752	9,323	9,472	9,298	8,912	8,813	9,097	9,211	7,277	6,768	6,418	6,346	6,294	6,314	6,428	6,327	6,144	6,288	6,434	6,398
Investment securities:
Taxable
1,010	1,098	998	967	934	886	713	639	546	517	553	570	542	600	601	601	622	698	829	885	1,014	1,049	1,198	1,406	1,458	1,514	1,570	1,507	1,443	1,463	1,486	1,517	1,474	1,446	1,445	1,411	1,375	1,428	1,405
Tax-exempt
145	140	167	179	174	182	207	230	241	278	319	323	298	296	329	398	475	608	676	744	767	793	837	892	931	1,049	1,124	1,162	1,267	1,302	1,339	1,383	1,405	1,385	1,336	1,272	1,267	1,266	1,270
Dividend and other interest income
349	388	493	395	457	340	296	245	221	152	170	207	215	168	189	204	274	172	156	148	293	146	127	147	127	102	74	72	62	92	96	86	92	78	65	57	52	54	51
TOTAL INTEREST AND DIVIDEND INCOME
16,161	16,415	17,084	16,841	16,434	16,236	15,198	14,111	13,201	13,138	12,948	12,209	11,682	11,758	11,660	11,669	11,726	11,675	11,523	11,529	11,397	11,460	11,460	11,357	11,329	11,762	11,979	10,018	9,540	9,275	9,267	9,280	9,285	9,337	9,173	8,884	8,982	9,182	9,124
INTEREST EXPENSE:
Deposits
3,035	3,107	3,165	2,871	2,300	1,999	1,659	1,490	1,222	1,115	1,058	1,008	902	923	909	881	834	801	800	785	743	748	748	741	758	815	855	760	791	848	902	934	961	1,036	1,154	1,182	1,194	1,458	1,551
Short-term borrowings
22	3	7	178	605	753	528	252	224	195	31	4	4	5	7	8	26	38	31	28	19	22	5	12	15	18	16	22	25	37	38	28	34	45	58	42	57	77	56
Long-term borrowings
943	984	1,009	879	851	785	756	666	602	360	407	373	440	493	497	492	492	498	458	494	524	482	489	473	469	482	479	482	519	552	637	620	620	661	751	742	734	889	927
TOTAL INTEREST EXPENSE
4,000	4,094	4,181	3,928	3,756	3,537	2,943	2,408	2,048	1,670	1,496	1,385	1,346	1,421	1,413	1,381	1,352	1,337	1,289	1,307	1,286	1,252	1,242	1,226	1,242	1,315	1,350	1,264	1,335	1,437	1,577	1,582	1,615	1,742	1,963	1,966	1,985	2,424	2,534
NET INTEREST INCOME
12,161	12,321	12,903	12,913	12,678	12,699	12,255	11,703	11,153	11,468	11,452	10,824	10,336	10,337	10,247	10,288	10,374	10,338	10,234	10,222	10,111	10,208	10,218	10,131	10,087	10,447	10,629	8,754	8,205	7,838	7,690	7,698	7,670	7,595	7,210	6,918	6,997	6,758	6,590
Provision for Loan and Lease Losses
750	1,700	360	315	360	760	480	335	160	125	60	215	330	330	258	258	350	480	520	600	700	1,605	460	300	485	600	600	575	500	725	600	600	600	900	600	600	600	700	400
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES
11,411	10,621	12,543	12,598	12,318	11,939	11,775	11,368	10,993	11,343	11,392	10,609	10,006	10,007	9,989	10,030	10,024	9,858	9,714	9,622	9,411	8,603	9,758	9,831	9,602	9,847	10,029	8,179	7,705	7,113	7,090	7,098	7,070	6,695	6,610	6,318	6,397	6,058	6,190
NON-INTEREST INCOME:
Service charges, insurance commissions, brokerage commissions, and debit card fees
-	-	-	-	-	-	-	-	-	-	328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Available-for-sale, Realized Gain (Loss)
21	440	189	-2	13	-30	-22	14	-9	-	302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities, FV-NI, Gain (Loss)
20	45	-21	22	43	-126	-16	6	-34	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Trading, Gain (Loss)
-14	4	2	3	10	-9	14	-5	3	-	-4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	-	559	528	-	585	561	532	611	621	598	553	597	620	607	595	656	671	538	442	500	489	458	447	483	508	527	503	562	537
Net debt securities gains (losses), available for sale
21	440	189	-2	13	-30	-22	14	-9	113	302	-12	197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net equity securities gains (losses)
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net securities (losses) gains, trading
-	-	-	-	-	-	-	-	-	-	-	0	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net securities gains, available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	253	486	435	-	526	526	661	-	2,145	487	393	-	-3	1,274	986	79	447	170	589	479	8	9	125	109	56
Securities (losses) gains, trading
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	6	40	15	-33	-4	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Realized and Unrealized Gain (Loss) on Trading Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Owned Life Insurance Income
192	140	143	123	168	166	165	158	173	167	166	161	172	167	172	161	184	179	182	171	188	187	185	181	370	196	199	144	138	131	138	133	268	138	148	139	174	143	128
Gain (Loss) on Sale of Mortgage Loans
444	508	583	347	316	465	398	400	255	358	455	503	358	411	658	566	467	438	524	482	299	490	602	421	290	234	551	302	351	333	527	343	183	280	359	242	249	202	330
Insurance commissions
-	-	-	-	-	-	-	-	-	-	-	99	191	-	198	200	206	158	185	204	234	231	212	283	420	287	286	247	264	304	295	316	442	303	241	180	209	230	273
Brokerage commissions
-	-	-	-	-	-	-	-	-	-	-	361	331	-	290	272	255	228	297	294	245	273	282	251	271	221	250	299	248	214	239	247	212	201	241	281	274	208	-
Debit card fees
-	-	-	-	-	-	-	-	-	-	-	501	434	-	690	433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
455	376	525	520	375	400	621	430	349	431	296	591	438	21	228	493	878	-889	835	786	1,080	1,176	878	699	872	1,178	888	731	304	724	636	614	622	527	485	495	411	416	684
TOTAL NON-INTEREST INCOME
2,437	2,907	2,822	2,469	2,254	2,429	2,589	2,362	2,081	2,590	2,740	2,763	2,651	2,856	3,082	3,178	2,997	3,311	3,137	3,057	3,260	3,444	4,924	2,929	3,211	2,932	2,842	3,535	2,733	2,285	2,771	2,281	2,763	2,411	1,990	1,873	1,945	1,870	2,008
NON-INTEREST EXPENSE:
Labor and Related Expense
5,667	5,317	5,488	5,523	5,501	5,696	5,420	4,919	5,048	4,883	4,738	4,608	4,770	4,380	4,507	4,346	4,580	3,950	4,302	4,301	4,470	4,477	4,126	4,167	4,503	4,390	4,515	3,442	3,068	2,956	2,939	2,850	3,017	2,751	2,621	2,475	2,632	2,427	2,615
Occupancy
702	627	638	668	779	622	640	699	741	592	603	614	638	593	544	545	541	527	529	564	628	572	547	552	630	603	554	397	351	307	317	318	328	300	313	301	348	303	313
Furniture and equipment
860	827	885	784	752	764	780	801	747	786	816	664	649	751	662	679	701	698	686	643	595	626	591	648	671	573	422	412	408	394	355	357	346	368	354	349	308	296	322
Software amortization
250	242	234	188	207	208	208	231	65	224	235	242	273	-	580	272	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pennsylvania shares tax
285	285	285	285	293	275	278	278	277	229	228	230	238	175	220	220	258	243	244	243	224	169	232	262	244	247	225	208	184	169	169	167	169	173	172	172	172	170	169
Professional Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional fees
622	-	585	727	522	-	459	649	566	-	560	565	437	-	502	-	152	-	165	166	165	165	165	166	165	165	165	166	165	165	165	166	165	165	165	165	166	200	141
Federal Deposit Insurance Corporation deposit insurance
194	74	0	236	268	251	237	200	202	155	194	150	170	97	202	236	232	213	209	230	215	174	193	201	178	173	173	119	129	119	111	115	123	109	43	186	187	180	-
Debit card expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	246	159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing
53	192	98	33	102	3	245	268	251	268	315	204	171	172	173	185	210	178	160	145	129	152	144	126	110	146	156	120	95	-	132	140	-	-	-	-	-	-	-
Amortization of Intangible Assets
62	62	62	69	71	71	71	78	80	80	81	86	90	89	90	100	87	76	73	80	82	83	82	88	92	91	91	31	0	-	0	-	-	-	-	-	-	-	-
Other
1,415	1,079	1,266	1,546	1,319	1,210	1,343	1,394	1,300	1,240	1,796	1,700	1,549	1,363	1,013	1,488	2,300	-707	2,162	2,049	1,960	2,094	2,233	2,212	2,050	2,088	2,674	2,070	1,451	1,404	1,270	1,230	1,316	909	1,300	1,208	1,175	1,128	1,430
TOTAL NON-INTEREST EXPENSE
10,110	10,294	9,541	10,059	9,814	9,532	9,681	9,517	9,277	9,248	9,566	9,063	8,985	8,625	8,739	8,666	9,061	8,317	8,530	8,421	8,468	8,512	8,313	8,422	8,643	8,476	8,975	6,965	5,851	5,758	5,458	5,343	5,464	5,152	4,968	4,856	4,988	4,704	4,990
INCOME BEFORE INCOME TAX PROVISION
3,738	3,234	5,824	5,008	4,758	4,836	4,683	4,213	3,797	4,685	4,566	4,309	3,672	4,238	4,332	4,542	3,960	4,852	4,321	4,258	4,203	3,535	6,369	4,338	4,170	4,303	3,896	4,749	4,587	3,640	4,403	4,036	4,369	3,954	3,632	3,335	3,354	3,224	3,208
Income Tax Expense (Benefit)
661	397	1,170	759	812	640	857	733	589	3,968	1,282	1,223	986	1,290	1,273	1,152	882	1,106	957	825	848	652	1,576	875	701	808	650	1,090	903	544	736	638	680	559	482	371	501	376	436
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
3,077	2,837	4,654	4,249	3,946	4,196	3,826	3,480	3,208	717	3,284	3,086	2,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,772
Less: Net income attributable to noncontrolling interest
4	4	4	4	2	7	0	0	-1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
3,073	2,833	4,650	4,245	3,944	4,189	3,826	3,480	3,209	717	3,284	3,086	2,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,059	3,390	3,078	3,746	3,364	3,433	3,355	2,883	4,793	3,463	3,469	3,495	3,246	3,659	3,684	3,096	3,667	3,398	3,689	3,395	3,150	2,964	2,853	2,848	-
EARNINGS PER SHARE - BASIC AND DILUTED (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	0.72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,733	4,733	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share - basic (in dollars per share)
0.44	0.10	0.66	0.91	0.56	0.13	0.54	0.74	0.68	-0.53	0.70	0.65	0.57	-	-	-	0.65	-	0.71	0.72	0.70	-	0.99	0.72	0.72	-	0.67	0.88	0.96	-	0.96	0.89	0.96	-	0.82	0.78	0.74	0.74	0.72
Earnings per share - diluted (in dollars per share)
0.43	0.07	0.66	0.91	0.56	0.13	0.54	0.74	0.68	-0.52	0.70	0.65	0.56	-	-	-	0.65	-	-	-	-	-	-	-	0.72	-	0.67	0.88	0.96	-	0.96	0.89	0.96	-	0.82	0.78	0.74	0.74	0.72
Weighted Average Number of Shares Outstanding, Basic
7,040	9,387	7,037	4,692	7,037	11,726	7,035	4,689	4,689	14,099	4,688	4,711	4,734	-	-	-	4,740	-	4,761	4,779	4,801	-	4,820	4,820	4,819	-	4,818	4,151	3,838	-	3,837	3,837	3,837	-	3,836	3,835	3,835	3,833	3,834
Weighted average shares outstanding - diluted (in shares)
7,102	9,686	7,037	4,692	7,037	11,712	7,035	4,703	4,689	14,072	4,688	4,711	4,761	-	-	-	4,740	-	-	-	-	-	-	-	4,819	-	4,818	4,151	3,838	-	3,837	3,837	3,837	-	3,836	3,835	3,835	3,833	3,834
Common Stock, Dividends, Per Share, Declared
0.32	0.17	0.31	0.47	0.31	0.00	0.31	0.47	0.47	-0.16	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.47	0.72	0.47	0.47	0.47	0.47	0.46	0.46	0.46	0.46	0.46	0.46
Service charges
Service charges, insurance commissions, brokerage commissions, and debit card fees
549	635	622	592	562	672	645	592	551	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance Commissions
Service charges, insurance commissions, brokerage commissions, and debit card fees
127	87	93	119	134	99	85	64	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Brokerage Commissions
Service charges, insurance commissions, brokerage commissions, and debit card fees
369	326	353	356	323	323	340	330	343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card
Service charges, insurance commissions, brokerage commissions, and debit card fees
274	346	333	389	310	469	359	373	333	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-