Salisbury bancorp inc (SAL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Sep'16Mar'15Mar'14Sep'13Jun'13Mar'13Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income
Interest and fees on loans

9,987

9,883

10,045

9,880

9,934

9,846

9,570

9,007

8,649

8,547

8,196

8,126

8,221

8,067

-

-

4,516

4,470

-

4,500

4,582

4,595

-

4,630

4,695

4,664

4,693

4,601

Interest on debt securities
Taxable

455

489

530

583

621

643

596

532

460

452

443

354

317

310

-

-

418

468

-

579

659

716

-

739

733

783

913

1,033

Tax exempt

185

190

166

117

72

47

28

29

32

35

68

113

164

202

-

-

475

478

-

495

510

534

-

553

554

554

558

559

Other interest and dividends

91

142

282

252

227

271

322

181

159

133

175

94

83

91

-

-

22

18

-

33

15

13

-

34

38

38

42

38

Total interest and dividend income

10,718

10,704

11,023

10,832

10,854

10,807

10,516

9,749

9,300

9,167

8,882

8,687

8,785

8,670

-

-

5,431

5,434

-

5,607

5,766

5,858

-

5,956

6,020

6,039

6,206

6,231

Interest expense
Deposits

1,509

1,650

1,879

1,999

1,796

1,559

1,323

997

777

708

682

578

515

565

-

-

459

488

-

580

623

667

-

748

829

871

1,061

1,125

Repurchase agreements

7

8

9

4

3

6

4

1

1

1

2

1

1

2

-

-

2

1

-

3

6

13

-

19

12

15

25

19

Finance lease

36

35

43

46

46

47

48

48

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease

-

-

-

-

-

-

-

-

-

-

29

20

17

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable

4

4

4

4

4

5

4

4

5

5

6

5

2

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated Debt

156

156

156

156

156

156

156

156

156

156

156

156

156

156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

219

187

265

279

412

420

481

500

332

243

241

266

262

237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

312

-

452

451

495

-

565

562

646

-

-

Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

765

761

Total interest expense

1,931

2,040

2,356

2,488

2,417

2,193

2,016

1,706

1,306

1,143

1,116

1,026

953

983

-

-

772

801

-

1,035

1,080

1,175

-

1,332

1,403

1,532

1,851

1,905

Net interest and dividend income

8,787

8,664

8,667

8,344

8,437

8,614

8,500

8,043

7,994

8,024

7,766

7,661

7,832

7,687

-

-

4,659

4,633

-

4,572

4,686

4,683

-

4,624

4,617

4,507

4,355

4,326

Provision for loan losses

1,706

416

94

151

294

557

378

467

326

67

237

364

352

344

-

-

240

240

-

330

180

180

-

180

350

330

180

260

Net interest and dividend income after provision for loan losses

7,081

8,248

8,573

8,193

8,143

8,057

8,122

7,576

7,668

7,957

7,529

7,297

7,480

7,343

-

-

4,419

4,393

-

4,242

4,506

4,503

-

4,444

4,267

4,177

4,175

4,066

Non-interest income
Trust and wealth advisory

1,030

1,022

1,023

1,044

906

921

936

949

894

857

874

892

854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

905

1,093

1,003

1,012

920

1,026

932

892

868

919

935

902

962

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust and wealth advisory

-

-

-

-

-

-

-

-

-

-

-

-

-

849

-

-

750

824

-

683

735

755

-

599

596

667

471

491

Service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

822

-

-

595

575

-

559

547

521

-

534

522

499

528

499

Gains on sales of mortgage loans, net

61

66

42

1

7

51

21

-1

18

21

25

30

49

55

-

-

69

153

-

568

263

372

-

178

59

133

278

122

Mortgage servicing, net

67

75

76

80

76

57

84

84

83

75

104

31

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on CRA mutual fund

14

-4

6

12

11

8

-6

-7

-13

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1

0

-9

281

-9

302

1

17

-2

192

0

-14

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BOLI income and gains

134

-

-

-

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing, net

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

-37

8

-

-9

-5

-84

-

-35

-5

32

-33

27

Gains on securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

0

0

-

0

267

12

-

0

0

11

16

1

Other

33

-146

115

118

37

-219

121

124

126

-225

142

110

113

113

-

-

82

90

-

86

83

83

-

58

58

59

62

89

Total non-interest income

2,245

2,419

2,256

2,548

2,027

2,825

2,088

2,058

1,974

2,182

2,080

1,951

2,023

1,888

-

-

1,459

1,650

-

1,887

1,890

1,659

-

1,334

1,230

1,401

1,322

1,229

Non-interest expense
Salaries

2,850

3,054

3,042

2,959

2,993

3,140

3,078

2,939

2,846

2,869

2,829

2,668

2,769

2,757

-

-

1,922

1,835

-

1,810

1,748

-

-

-

-

-

-

-

Salaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,710

-

1,816

1,657

1,729

1,750

1,668

Employee benefits

1,146

976

1,181

1,042

1,185

1,087

1,065

969

1,159

844

1,004

831

1,088

924

-

-

693

763

-

597

957

690

-

636

650

-

-

-

Employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

634

522

586

Premises and equipment

911

1,066

974

1,004

972

1,374

1,036

1,101

1,024

1,034

995

907

895

809

-

-

622

583

-

603

591

605

-

582

568

583

559

495

Data processing

540

581

534

577

509

558

519

556

486

536

545

504

472

473

-

-

358

367

-

369

418

402

-

366

285

377

308

363

Professional fees

628

523

572

583

535

510

496

611

619

537

481

764

717

459

-

-

306

309

-

299

303

313

-

307

300

280

393

455

OREO gains, losses and write-downs, net

-

-2

-84

-270

-52

-184

-38

-1

-52

-1,354

-218

0

-144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collections, OREO, and loan related

25

108

119

79

130

145

116

235

82

-50

201

155

157

109

-

-

74

75

-

301

356

-

-

-

-

-

-

-

FDIC insurance

-

-

-9

-

-

-

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collections and OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111

-

152

243

126

12

21

FDIC insurance

105

-

-

140

163

-

-

123

130

-

106

98

149

164

-

-

111

114

-

116

119

128

-

137

182

223

195

182

Marketing and community support

125

171

141

151

156

184

167

222

242

170

220

152

251

144

-

-

99

105

-

92

87

87

-

85

92

68

79

59

Amortization of intangibles

87

92

93

99

104

107

111

116

120

139

142

126

126

148

-

-

56

56

-

56

56

56

-

56

56

56

56

56

Other

519

538

453

535

412

433

562

544

422

475

479

546

538

513

-

-

402

403

-

450

390

398

-

398

399

348

440

360

Total non-interest expense

6,936

7,078

7,184

7,439

7,211

7,907

7,329

7,417

7,182

8,052

7,220

6,751

7,306

6,500

-

-

4,643

4,610

-

4,693

5,025

4,500

-

4,535

4,432

4,424

4,314

4,245

Income before income taxes

2,390

3,589

3,645

3,302

2,959

2,975

2,881

2,217

2,460

2,087

2,389

2,497

2,197

2,731

-

-

1,235

1,433

-

1,436

1,371

1,662

-

1,243

1,065

1,154

1,183

1,050

Income tax provision

343

578

657

599

525

409

537

318

445

1,011

695

615

593

812

-

-

-

-

-

-

-

-

-

204

183

211

236

172

Net income

2,047

3,011

2,988

2,703

2,434

2,566

2,344

1,899

2,015

1,076

1,694

1,882

1,604

1,919

2,234

551

-

-

-

-

-

-

-

-

-

-

-

-

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219

289

-

296

254

412

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,016

1,144

940

1,140

1,117

1,250

1,248

1,039

882

943

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

947

878

Net income available to common shareholders

2,013

2,957

2,940

2,671

2,408

2,530

2,311

1,877

1,995

1,062

1,678

1,867

1,594

1,904

-

-

976

1,092

-

1,094

1,069

1,167

-

865

766

828

832

763

Basic earnings per common share

0.72

1.06

1.06

0.96

0.87

0.91

0.84

0.68

0.72

0.38

0.61

0.68

0.58

0.70

-

-

0.57

0.65

-

0.65

0.63

-

-

-

-

-

-

-

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

-

-

2

2

-

2

2

2

2

2

2

2

2

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per common share

0.72

1.07

1.05

0.95

0.86

0.90

0.83

0.68

0.72

0.39

0.60

0.67

0.58

0.69

-

-

0.57

0.65

-

0.65

0.63

-

-

-

-

-

-

-

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

-

-

2

2

-

2

2

2

2

2

2

2

2

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted earnings per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.69

-

0.51

0.45

0.49

0.49

0.45

Common dividends per share

0.29

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

0.28

-

-

0.28

0.28

-

0.28

0.28

0.28

-

0.28

0.28

0.28

0.28

0.28