| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
INTEREST AND DIVIDEND INCOME: | |||||||||
Interest and fees on loans receivable | |||||||||
44,187 | 39,659 | 31,609 | 27,795 | 25,896 | 25,423 | 32,041 | 38,894 | 42,697 | 45,675 |
Interest on investment securities - taxable | |||||||||
4,456 | 4,648 | 3,550 | 2,709 | 2,274 | 695 | 276 | 145 | 164 | 267 |
Interest on investment securities - nontaxable | |||||||||
146 | 95 | 25 | - | - | - | 16 | 42 | 55 | 104 |
Interest on mortgage-backed securities | |||||||||
- | - | - | - | - | - | 25 | 51 | 88 | 136 |
Other interest and dividends | |||||||||
329 | 558 | 443 | 444 | 456 | 686 | 574 | 400 | 210 | 80 |
Total interest and dividend income | |||||||||
49,118 | 44,960 | 35,627 | 30,948 | 28,626 | 26,804 | 32,932 | 39,532 | 43,214 | 46,262 |
INTEREST EXPENSE: | |||||||||
Interest on deposits | |||||||||
996 | 1,208 | 1,151 | 1,173 | 1,326 | 1,973 | 2,667 | 4,357 | 6,569 | 9,635 |
Interest on borrowings | |||||||||
1,819 | 1,141 | 718 | 569 | 590 | 595 | 818 | 1,508 | 1,483 | 1,741 |
Total interest expense | |||||||||
2,815 | 2,349 | 1,869 | 1,742 | 1,916 | 2,568 | 3,485 | 5,865 | 8,052 | 11,376 |
Net interest income | |||||||||
46,303 | 42,611 | 33,758 | 29,206 | 26,710 | 24,236 | 29,447 | 33,667 | 35,162 | 34,886 |
Provision for loan losses | |||||||||
50 | - | - | -1,150 | -1,800 | - | - | - | 5,075 | 15,900 |
Less provision for (recapture of) loan losses | |||||||||
- | - | - | - | - | -3,700 | 900 | 29,350 | - | - |
Net interest income after provision for loan losses | |||||||||
46,253 | 42,611 | 33,758 | 30,356 | 28,510 | 27,936 | 28,547 | 4,317 | 30,087 | 18,986 |
NON-INTEREST INCOME: | |||||||||
Fees and service charges | |||||||||
- | - | - | 4,846 | 4,317 | 4,258 | 4,695 | 3,996 | 4,047 | 4,513 |
Asset management fees | |||||||||
- | - | - | 3,212 | 2,975 | - | - | - | 2,079 | - |
Asset management fees | |||||||||
- | - | - | - | - | -2,630 | - | - | - | - |
Asset management fees | |||||||||
- | - | - | - | - | - | 2,172 | 2,367 | - | 1,885 |
Net gains on sales of loans held for sale | |||||||||
317 | 641 | 656 | 525 | 596 | 667 | 1,386 | 160 | 393 | 887 |
Impairment on investment security | |||||||||
- | - | - | - | - | - | - | - | - | -1,003 |
BOLI | |||||||||
734 | 819 | 760 | 770 | 716 | 553 | -585 | -601 | 601 | -603 |
Other, net | |||||||||
317 | 317 | 433 | 22 | 271 | 259 | 35 | -297 | - | - |
Other | |||||||||
- | - | - | - | - | - | - | - | 769 | 381 |
Total non-interest income, net | |||||||||
11,858 | 11,004 | 10,014 | 9,375 | 8,875 | 8,367 | 8,873 | 6,827 | 7,889 | 7,266 |
NON-INTEREST EXPENSE: | |||||||||
Salaries and employee benefits | |||||||||
22,320 | 21,743 | 19,356 | 17,694 | 17,805 | 15,755 | 15,325 | 15,889 | 16,716 | 15,326 |
Occupancy and depreciation | |||||||||
5,334 | 5,454 | 4,819 | 4,727 | 4,778 | 4,811 | 4,970 | 4,793 | 4,677 | 4,814 |
Data processing | |||||||||
2,467 | 2,313 | 2,111 | 1,775 | 1,807 | 2,058 | 1,420 | 1,421 | 1,067 | 957 |
Amortization of CDI | |||||||||
183 | 232 | 27 | 2 | 24 | - | 71 | 82 | 96 | 111 |
Advertising and marketing | |||||||||
769 | 747 | 754 | 669 | 628 | 726 | 834 | 998 | 749 | 627 |
FDIC insurance premium | |||||||||
326 | 476 | 356 | 500 | 627 | 1,487 | 1,532 | 1,136 | 1,640 | 1,912 |
State and local taxes | |||||||||
651 | 605 | 609 | 510 | 559 | 462 | 547 | 549 | 638 | 732 |
Telecommunications | |||||||||
353 | 417 | 317 | 292 | 295 | 304 | 384 | 434 | 428 | 440 |
Professional fees | |||||||||
1,426 | 1,181 | 1,628 | 904 | 1,089 | 1,290 | 1,456 | 1,254 | 1,310 | 1,317 |
REO | |||||||||
- | - | - | 567 | 994 | 2,765 | 5,781 | 5,097 | - | - |
Litigation settlement | |||||||||
0 | 0 | 500 | 100 | - | - | - | - | - | - |
Real estate owned expenses | |||||||||
- | - | - | - | - | - | - | - | 1,817 | 6,421 |
Other | |||||||||
1,870 | 2,450 | 2,504 | 2,207 | 2,138 | 2,303 | 2,438 | 2,770 | 2,358 | 2,316 |
Total non-interest expense | |||||||||
35,699 | 35,618 | 32,981 | 29,947 | 30,744 | 31,961 | 34,758 | 34,423 | 31,496 | 34,973 |
INCOME BEFORE INCOME TAXES | |||||||||
22,412 | 17,997 | 10,791 | 9,784 | 6,641 | - | - | - | - | - |
Income (loss) before income taxes | |||||||||
- | - | - | - | - | 4,342 | 2,662 | -23,279 | - | - |
PROVISION FOR INCOME TAXES | |||||||||
5,146 | 7,755 | 3,387 | 3,426 | 2,150 | -15,081 | 29 | 8,378 | - | - |
Income (loss) before income taxes | |||||||||
- | - | - | - | - | - | - | - | 6,480 | -8,721 |
Provision (Benefit) for income taxes | |||||||||
- | - | - | - | - | - | - | - | - | -3,277 |
Provision for income taxes | |||||||||
- | - | - | - | - | - | - | - | 2,165 | - |
NET INCOME | |||||||||
17,266 | 10,242 | 7,404 | 6,358 | 4,491 | 19,423 | 2,633 | -31,657 | 4,315 | -5,444 |
Earnings per common share: | |||||||||
Basic (in dollars per share) | |||||||||
0.76 | 0.45 | 0.33 | 0.28 | 0.20 | 0.87 | 0.12 | -1.42 | 0.24 | -0.51 |
Diluted (in dollars per share) | |||||||||
0.76 | 0.45 | 0.33 | 0.28 | 0.20 | 0.87 | 0.12 | -1.42 | 0.24 | -0.51 |
Weighted average number of common shares outstanding: | |||||||||
Basic (in shares) | |||||||||
22,588 | 22,531 | 22,478 | 22,450 | 22,392 | 22,367 | 22,342 | 22,317 | 18,341 | 10,720 |
Diluted (in shares) | |||||||||
22,659 | 22,623 | 22,548 | 22,494 | 22,431 | 22,369 | 22,342 | 22,317 | 18,341 | 10,720 |
Fees and service charges | |||||||||
Non-interest income | |||||||||
6,699 | 5,779 | 5,177 | - | - | - | - | - | - | - |
Asset management fees | |||||||||
Non-interest income | |||||||||
3,791 | 3,448 | 2,988 | - | - | - | - | - | - | - |