Salisbury bancorp inc (SAL)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income
Interest and fees on loans

39,742

37,072

33,090

32,050

31,791

-

-

-

-

18,483

18,233

Interest on debt securities
Taxable

2,223

2,231

1,566

1,183

1,179

-

-

-

-

3,770

5,028

Tax exempt

545

136

380

927

1,431

-

-

-

-

2,231

2,491

Other interest and dividends

903

933

485

294

209

-

-

-

-

172

114

Total interest and dividend income

43,413

40,372

35,521

34,454

34,610

-

-

-

-

24,656

25,866

Interest expense
Deposits

7,324

4,656

2,483

2,181

1,844

-

-

-

-

4,364

5,790

Repurchase agreements

24

12

5

6

7

-

-

-

-

90

131

Finance lease

170

178

96

-

-

-

-

-

-

-

-

Capital lease

-

-

-

70

70

-

-

-

-

-

-

Note payable

16

18

18

21

6

-

-

-

-

-

-

Subordinated Debt

624

624

624

624

35

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

1,143

1,733

1,012

947

1,064

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

3,043

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

3,111

Total interest expense

9,301

7,221

4,238

3,849

3,026

-

-

-

-

7,497

9,032

Net interest and dividend income

34,112

33,151

31,283

30,605

31,584

-

-

-

-

17,159

16,834

Provision for loan losses

955

1,728

1,020

1,835

917

-

-

-

-

1,000

985

Net interest and dividend income after provision for loan losses

33,157

31,423

30,263

28,770

30,667

-

-

-

-

16,159

15,849

Non-interest income
Trust and wealth advisory

3,995

3,700

3,477

3,338

-

-

-

-

-

-

-

Service charges and fees

4,028

3,718

3,718

3,133

-

-

-

-

-

-

-

Trust and wealth advisory

-

-

-

-

3,265

-

-

-

-

2,102

1,978

Service charges and fees

-

-

-

-

2,986

-

-

-

-

2,006

1,725

Gains on sales of mortgage loans, net

116

89

125

229

274

-

-

-

-

816

488

Mortgage servicing, net

307

308

255

156

-

-

-

-

-

-

-

Gains on CRA mutual fund

25

-18

-

-

-

-

-

-

-

-

-

Gains on sales and calls of available-for-sale securities, net

263

318

178

584

-

-

-

-

-

-

-

BOLI income and gains

392

678

343

353

-

-

-

-

-

-

-

Mortgage servicing, net

-

-

-

-

47

-

-

-

-

97

80

Gains on securities, net

-

-

-

-

192

-

-

-

-

16

473

Other

124

152

140

98

510

-

-

-

-

270

459

Total non-interest income, excluding other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

5,203

Other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

2,302

Portion of loss recognized in other comprehensive income (before tax)

-

-

-

-

-

-

-

-

-

-

1,174

Net other-than-temporary impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

1,128

Total non-interest income

9,250

8,945

8,236

7,891

7,274

-

-

-

-

5,307

4,075

Non-interest expense
Salaries

12,048

12,003

11,135

10,926

10,301

-

-

-

-

-

-

Salaries

-

-

-

-

-

-

-

-

-

6,816

6,623

Employee benefits

4,384

4,280

3,767

3,891

3,729

-

-

-

-

2,253

-

Employee benefits

-

-

-

-

-

-

-

-

-

-

2,527

Premises and equipment

4,016

4,535

3,831

3,375

3,541

-

-

-

-

2,099

1,969

Data processing

2,201

2,119

2,057

2,106

1,677

-

-

-

-

1,452

1,473

Professional fees

2,213

2,236

2,499

1,933

2,150

-

-

-

-

1,364

1,493

OREO gains, losses and write-downs, net

-408

-275

-1,716

-

-

-

-

-

-

-

-

Collections, OREO, and loan related

436

578

463

999

567

-

-

-

-

-

-

FDIC insurance

261

579

497

-

-

-

-

-

-

-

-

Litigation settlement

-

-

-

-

-

-

-

-

-

0

-

Collections and OREO

-

-

-

-

-

-

-

-

-

191

45

FDIC insurance

-

-

-

606

658

-

-

-

-

735

914

Marketing and community support

619

815

793

686

593

-

-

-

-

319

341

Amortization of intangibles

388

454

533

601

652

-

-

-

-

222

164

FHLBB advance prepayment fee

-

-

-

-

-

-

-

-

-

0

-

Other

1,938

1,961

2,038

2,264

2,053

-

-

-

-

1,662

1,957

Total non-interest expense

28,912

29,835

29,329

27,387

25,921

-

-

-

-

17,113

17,506

Income before income taxes

13,495

10,533

9,170

9,274

12,020

-

-

-

-

4,353

2,418

Income tax provision

2,359

1,709

2,914

2,589

3,563

-

-

-

-

-

-49

Net income

11,136

8,824

6,256

6,685

8,457

2,521

4,083

4,077

-

-

-

Income tax provision

-

-

-

-

-

-

-

-

-

693

-

Net income

-

-

-

-

-

-

-

-

4,112

3,660

-

Net income

-

-

-

-

-

-

-

-

-

-

2,467

Net income available to common shareholders

10,976

8,713

6,201

6,633

8,227

-

-

-

-

3,198

2,102

Basic earnings per common share

3.95

3.15

2.25

2.43

3.04

-

-

-

-

-

-

Weighted average common shares outstanding, to calculate basic earnings per share

2

2

2

2

2

-

-

-

-

-

-

Diluted earnings per common share

3.93

3.13

2.24

2.41

3.02

-

-

-

-

-

-

Weighted average common shares outstanding, to calculate diluted earnings per share

2

2

2

2

2

-

-

-

-

-

-

Basic and diluted earnings per common share

-

-

-

-

-

-

-

-

-

1.90

1.25

Common dividends per share

1.12

1.12

1.12

1.12

1.12

-

-

-

-

1.12

0.84