Rbb bancorp (RBB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Jun'16
Interest and dividend income:
Interest and fees on loans

32,276

32,178

32,902

34,240

35,839

33,829

23,445

21,132

19,074

20,297

17,200

16,759

16,033

18,169

18,218

Interest on interest-earning deposits

451

373

429

515

468

356

250

209

187

209

371

209

151

80

68

Interest on investment securities

821

676

703

685

588

628

560

603

560

484

331

313

278

203

206

Dividend income on FHLB stock

2

-

238

-

198

-

132

-

-

-

-

-

-

-

-

Dividend income on FHLB stock

-

-

-

379

-

-

-

134

119

-

118

82

153

155

164

Interest on federal funds sold and other

478

416

397

124

113

103

86

206

237

369

326

158

144

92

19

Total interest income

34,028

33,907

34,669

35,943

37,206

35,181

24,473

22,284

20,177

21,478

18,346

17,521

16,759

18,699

18,675

Interest expense:
Interest on savings deposits, now and money market accounts

1,243

1,237

1,117

1,238

1,294

1,563

1,145

998

702

684

649

575

474

521

533

Interest on time deposits

7,086

7,559

8,038

7,797

5,953

5,098

2,994

2,410

2,046

1,988

2,061

1,993

1,849

1,801

1,736

Interest on subordinated debentures and long-term debt

1,956

1,915

1,921

1,929

1,933

-

925

920

-

-

-

-

-

-

-

Interest on other borrowed funds

150

-

81

-

2,114

-

793

-

-

-

-

-

-

-

-

Interest on subordinated debentures and other

-

-

-

-

-

-

-

-

913

-

908

907

905

903

901

Interest on other borrowed funds

-

-

-

662

-

-

-

129

71

-

0

12

17

16

6

Total interest expense

10,435

10,784

11,157

11,626

11,294

9,599

5,857

4,457

3,732

3,588

3,618

3,487

3,245

3,241

3,176

Net interest income

23,593

23,123

23,512

24,317

25,912

25,582

18,616

17,827

16,445

17,890

14,728

14,034

13,514

15,458

15,499

Provision for loan losses

1,945

659

824

357

550

1,890

1,695

700

184

-

700

-4,188

-

-

-

Provision (recapture) for credit losses

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

1,351

Net interest income after provision for loan losses

21,648

22,464

22,688

23,960

25,362

23,692

16,921

17,127

16,261

15,455

14,028

18,222

13,514

14,208

14,148

Noninterest income:
Service charges, fees and other

1,079

1,096

934

1,222

820

1,127

640

446

466

-

518

646

-

-

-

Service charges, fees and other

-

-

-

-

-

-

-

-

-

-

-

-

460

443

385

Gain on sale of loans

2,711

3,762

813

3,120

2,198

2,101

1,125

2,085

1,815

2,948

2,584

2,289

1,497

1,870

1,580

Loan servicing fees, net of amortization

592

817

827

899

840

686

137

58

-31

-

314

-5

-

-

-

Loan servicing fees, net of amortization

-

-

-

-

-

-

-

-

-

-

-

-

262

95

167

Recoveries on loans acquired in business combinations

42

70

12

55

6

1,371

3

5

6

8

19

29

28

47

43

Unrealized gain on equity investments

-

0

0

0

147

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

191

195

195

194

191

199

200

199

199

204

219

216

185

141

142

Gain on sale of securities

-

-

7

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

(Loss) gain on sale of OREO

-

-

11

-

-

-

-

-

-

-

142

-

-

-

-

Gain on sale of fixed assets

-

-

-

6

-

-

-

-

-

-

-

-

-

-

-

Total noninterest income

4,615

5,823

2,799

5,496

4,202

5,489

2,105

2,793

2,455

3,798

3,796

3,175

2,432

2,596

2,336

Noninterest expense:
Salaries and employee benefits

9,505

7,821

7,801

8,169

9,118

8,678

4,916

4,709

4,951

4,217

4,178

4,243

4,183

3,481

3,542

Occupancy and equipment expenses

2,404

2,390

2,434

2,674

2,252

1,915

1,014

834

791

764

705

727

744

766

879

Data processing

1,142

497

974

1,219

1,009

852

511

487

473

358

458

454

352

563

528

Legal and professional

604

316

435

656

425

655

378

423

258

104

318

296

-387

511

951

Office expenses

323

292

335

294

336

329

198

192

171

195

153

177

154

153

156

Marketing and business promotion

214

382

248

316

362

358

320

262

203

262

250

143

182

102

190

Insurance and regulatory assessments

177

146

172

284

298

305

223

213

210

188

201

205

205

-

-

Core deposit premium

357

-

384

-

388

-

76

-

-

-

-

-

-

-

-

Amortization of intangibles

-

-

-

385

-

-

-

77

-

-

-

-

-

-

-

Insurance and regulatory assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

284

274

Amortization of intangibles

-

-

-

-

-

-

-

-

81

-

87

87

94

103

104

OREO expenses

14

176

-1

81

81

12

5

0

7

-

-

14

14

-

-

Merger and conversion expenses

403

231

154

15

71

1,087

348

183

40

-

-

-

-

-

-

OREO expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

6

8

Other expenses

1,120

868

850

806

985

971

665

811

1,104

673

850

614

1,037

1,068

1,023

Total noninterest expense

16,263

13,463

13,786

14,899

15,325

15,503

8,654

8,191

8,289

6,885

7,200

6,960

6,578

7,037

7,655

Income before income taxes

10,000

14,824

11,701

14,557

14,239

13,678

10,372

11,729

10,427

12,368

10,624

14,437

9,368

9,767

8,829

Income tax expense

3,252

4,149

3,689

4,415

3,859

4,188

2,041

2,292

1,580

7,480

4,013

5,901

3,875

4,070

3,673

Net income

6,748

10,675

8,012

10,142

10,380

9,490

8,331

9,437

8,847

4,888

6,611

8,536

5,493

5,697

5,156

Net income per share
Basic

0.34

0.53

0.40

0.51

0.52

0.48

0.50

0.58

0.55

0.26

0.45

0.67

0.43

0.44

0.40

Diluted

0.33

0.52

0.39

0.50

0.51

0.47

0.48

0.54

0.52

0.24

0.42

0.62

0.40

0.42

0.38

Cash dividends declared per common share

0.12

0.10

0.10

0.10

0.10

0.09

0.09

0.09

0.08

0.08

0.00

0.00

0.30

-

-

Weighted-average common shares outstanding
Basic

-

-

-

-

-

-

-

-

-

-

-

-

12,827

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

13,725

-

-