SALISBURY BANCORP INC SAL Income Statement

Salisbury bancorp inc (SAL)

Income statement / TTM

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	Sep'16	Mar'15	Mar'14	Sep'13	Jun'13	Mar'13	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income
Interest and fees on loans
39,795	39,742	39,705	39,230	38,357	37,072	35,773	34,399	33,518	33,090	32,610	0	0	0	-	-	0	0	-	0	0	0	-	18,682	18,653	0	0	0
Interest on debt securities
Taxable
2,057	2,223	2,377	2,443	2,392	2,231	2,040	1,887	1,709	1,566	1,424	0	0	0	-	-	0	0	-	0	0	0	-	3,168	3,462	0	0	0
Tax exempt
658	545	402	264	176	136	124	164	248	380	547	0	0	0	-	-	0	0	-	0	0	0	-	2,219	2,225	0	0	0
Other interest and dividends
767	903	1,032	1,072	1,001	933	795	648	561	485	443	0	0	0	-	-	0	0	-	0	0	0	-	152	156	0	0	0
Total interest and dividend income
43,277	43,413	43,516	43,009	41,926	40,372	38,732	37,098	36,036	35,521	35,024	0	0	0	-	-	0	0	-	0	0	0	-	24,221	24,496	0	0	0
Interest expense
Deposits
7,037	7,324	7,233	6,677	5,675	4,656	3,805	3,164	2,745	2,483	2,340	0	0	0	-	-	0	0	-	0	0	0	-	3,509	3,886	0	0	0
Repurchase agreements
28	24	22	17	14	12	7	5	5	5	6	0	0	0	-	-	0	0	-	0	0	0	-	71	71	0	0	0
Finance lease
160	170	182	187	189	178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease
-	-	-	-	-	-	-	-	-	-	83	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable
16	16	17	17	17	18	18	20	21	18	19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated Debt
624	624	624	624	624	624	624	624	624	624	624	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank of Boston advances
950	1,143	1,376	1,592	1,813	1,733	1,556	1,316	1,082	1,012	1,006	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	-
Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total interest expense
8,815	9,301	9,454	9,114	8,332	7,221	6,171	5,271	4,591	4,238	4,078	0	0	0	-	-	0	0	-	0	0	0	-	6,118	6,691	0	0	0
Net interest and dividend income
34,462	34,112	34,062	33,895	33,594	33,151	32,561	31,827	31,445	31,283	30,946	0	0	0	-	-	0	0	-	0	0	0	-	18,103	17,805	0	0	0
Provision for loan losses
2,367	955	1,096	1,380	1,696	1,728	1,238	1,097	994	1,020	1,297	0	0	0	-	-	0	0	-	0	0	0	-	1,040	1,120	0	0	0
Net interest and dividend income after provision for loan losses
32,095	33,157	32,966	32,515	31,898	31,423	31,323	30,730	30,451	30,263	29,649	0	0	0	-	-	0	0	-	0	0	0	-	17,063	16,685	0	0	0
Non-interest income
Trust and wealth advisory
4,119	3,995	3,894	3,807	3,712	3,700	3,636	3,574	3,517	3,477	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and fees
4,013	4,028	3,961	3,890	3,770	3,718	3,611	3,614	3,624	3,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust and wealth advisory
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0	-	2,333	2,225	0	0	0
Service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0	-	2,083	2,048	0	0	0
Gains on sales of mortgage loans, net
170	116	101	80	78	89	59	63	94	125	159	0	0	0	-	-	0	0	-	0	0	0	-	648	592	0	0	0
Mortgage servicing, net
298	307	289	297	301	308	326	346	293	255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on CRA mutual fund
28	25	37	25	6	-18	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales and calls of available-for-sale securities, net
273	263	565	575	311	318	208	207	176	178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BOLI income and gains
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0	-	-41	21	0	0	0
Gains on securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0	-	27	28	0	0	0
Other
120	124	51	57	63	152	146	167	153	140	478	0	0	0	-	-	0	0	-	0	0	0	-	237	268	0	0	0
Total non-interest income
9,468	9,250	9,656	9,488	8,998	8,945	8,302	8,294	8,187	8,236	7,942	0	0	0	-	-	0	0	-	0	0	0	-	5,287	5,182	0	0	0
Non-interest expense
Salaries
11,905	12,048	12,134	12,170	12,150	12,003	11,732	11,483	11,212	11,135	11,023	0	0	0	-	-	0	0	-	0	0	-	-	-	-	-	-	-
Salaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	6,952	6,804	0	0	0
Employee benefits
4,345	4,384	4,495	4,379	4,306	4,280	4,037	3,976	3,838	3,767	3,847	0	0	0	-	-	0	0	-	0	0	0	-	0	0	-	-	-
Employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Premises and equipment
3,955	4,016	4,324	4,386	4,483	4,535	4,195	4,154	3,960	3,831	3,606	0	0	0	-	-	0	0	-	0	0	0	-	2,292	2,205	0	0	0
Data processing
2,232	2,201	2,178	2,163	2,142	2,119	2,097	2,123	2,071	2,057	1,994	0	0	0	-	-	0	0	-	0	0	0	-	1,336	1,333	0	0	0
Professional fees
2,306	2,213	2,200	2,124	2,152	2,236	2,263	2,248	2,401	2,499	2,421	0	0	0	-	-	0	0	-	0	0	0	-	1,280	1,428	0	0	0
OREO gains, losses and write-downs, net
-	-408	-590	-544	-275	-275	-1,445	-1,625	-1,624	-1,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections, OREO, and loan related
331	436	473	470	626	578	383	468	388	463	622	0	0	0	-	-	0	0	-	0	0	-	-	-	-	-	-	-
FDIC insurance
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections and OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	533	402	0	0	0
FDIC insurance
0	-	-	629	0	-	-	503	478	-	517	0	0	0	-	-	0	0	-	0	0	0	-	737	782	0	0	0
Marketing and community support
588	619	632	658	729	815	801	854	784	793	767	0	0	0	-	-	0	0	-	0	0	0	-	324	298	0	0	0
Amortization of intangibles
371	388	403	421	438	454	486	517	527	533	542	0	0	0	-	-	0	0	-	0	0	0	-	224	224	0	0	0
Other
2,045	1,938	1,833	1,942	1,951	1,961	2,003	1,920	1,922	2,038	2,076	0	0	0	-	-	0	0	-	0	0	0	-	1,585	1,547	0	0	0
Total non-interest expense
28,637	28,912	29,741	29,886	29,864	29,835	29,980	29,871	29,205	29,329	27,777	0	0	0	-	-	0	0	-	0	0	0	-	17,705	17,415	0	0	0
Income before income taxes
12,926	13,495	12,881	12,117	11,032	10,533	9,645	9,153	9,433	9,170	9,814	0	0	0	-	-	0	0	-	0	0	0	-	4,645	4,452	0	0	0
Income tax provision
2,177	2,359	2,190	2,070	1,789	1,709	2,311	2,469	2,766	2,914	2,715	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net income
10,749	11,136	10,691	10,047	9,243	8,824	7,334	6,684	6,667	6,256	7,099	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income tax provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,755	4,654	4,419	4,112	0	0	0	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income available to common shareholders
10,581	10,976	10,549	9,920	9,126	8,713	7,245	6,612	6,602	6,201	7,043	0	0	0	-	-	0	0	-	0	0	0	-	3,291	3,189	0	0	0
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