SB ONE BANCORP SBBX Income Statement

Sb one bancorp (SBBX)

Income statement / Quarterly

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	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Loans receivable, including fees
19,330	19,183	19,135	19,059	18,160	13,888	13,009	12,562	11,900	8,923	8,556	7,876	7,598	7,287	6,971	6,459	6,145	5,660	5,390	5,275	5,172	5,149	4,940	4,800	4,623	4,647	4,599	4,485	4,276	4,354	4,467	4,375	4,450	4,588	4,687	4,739	4,784	4,765	4,749
Securities:
Taxable
1,508	1,524	1,490	1,277	1,175	1,031	936	804	736	373	379	344	341	327	396	344	376	349	321	302	267	215	208	214	217	193	130	126	154	154	241	433	320	326	313	310	365	412	452
Tax-exempt
119	128	135	337	448	472	442	449	381	331	314	316	313	240	201	190	201	239	231	221	208	183	231	255	254	254	254	246	262	311	292	290	245	289	296	291	292	292	265
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	2	1	3	10
Interest bearing deposits
20	47	97	65	49	30	23	16	30	7	6	6	16	6	7	6	4	1	1	3	4	0	4	4	3	7	2	2	5	5	4	9	17	23	20	10	3	20	8
Total Interest Income
20,977	20,882	20,857	20,738	19,832	15,421	14,410	13,831	13,047	9,634	9,255	8,542	8,268	7,860	7,575	6,999	6,726	6,249	5,943	5,801	5,651	5,547	5,383	5,273	5,097	5,101	4,985	4,859	4,697	4,824	5,004	5,107	5,032	5,227	5,316	5,352	5,445	5,492	5,484
INTEREST EXPENSE
Deposits
4,340	4,517	4,755	4,459	3,864	2,805	2,156	1,659	1,458	1,052	963	852	717	619	619	636	575	470	448	438	416	419	424	415	390	417	419	453	538	556	587	632	719	799	806	767	769	943	1,111
Borrowings
1,141	-	-	-	1,214	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
-	-	1,099	973	-	-	943	874	506	391	398	479	481	529	508	448	437	426	390	380	380	362	363	361	348	329	293	273	262	268	268	264	265	267	268	264	265	358	355
Subordinated debentures
316	317	318	316	315	317	318	313	315	321	320	316	321	-	100	98	68	-	55	54	53	53	54	52	53	54	54	55	54	58	60	61	62	58	55	55	54	62	55
Total Interest Expense
5,797	5,936	6,172	5,748	5,393	4,087	3,417	2,846	2,279	1,764	1,681	1,647	1,519	1,273	1,227	1,182	1,080	954	893	872	849	834	841	828	791	800	766	781	854	882	915	957	1,046	1,124	1,129	1,086	1,088	1,363	1,521
Net Interest Income
15,180	14,946	14,685	14,990	14,439	11,334	10,993	10,985	10,768	7,870	7,574	6,895	6,749	6,587	6,348	5,817	5,646	5,295	5,050	4,929	4,802	4,713	4,542	4,445	4,306	4,301	4,219	4,078	3,843	3,942	4,089	4,150	3,986	4,103	4,187	4,266	4,357	4,129	3,963
PROVISION FOR LOAN LOSSES
879	548	636	776	571	210	321	398	508	459	340	380	407	237	458	385	211	130	1	200	305	306	378	400	453	403	500	700	1,142	1,408	1,104	958	860	618	737	1,112	839	662	965
Net Interest Income after Provision for Loan Losses
14,301	14,398	14,049	14,214	13,868	11,124	10,672	10,587	10,260	7,411	7,234	6,515	6,342	6,350	5,890	5,432	5,435	5,165	5,049	4,729	4,497	4,407	4,164	4,045	3,853	3,898	3,719	3,378	2,701	2,534	2,985	3,192	3,126	3,485	3,450	3,154	3,518	3,467	2,998
NON -INTEREST INCOME
Service fees on deposit accounts
-	-	-	-	-	-	-	-	328	311	274	285	253	249	245	256	225	250	230	213	213	263	255	265	264	295	283	271	286	299	292	275	275	322	324	328	316	375	340
ATM and debit card fees
-	-	-	-	-	-	-	-	213	199	198	200	180	190	190	200	187	203	198	201	174	192	182	185	167	180	181	178	160	174	165	151	137	145	140	138	122	128	127
Bank-owned life insurance
228	234	235	232	230	198	190	188	185	144	144	128	106	83	74	75	76	78	78	79	78	79	78	82	83	86	85	90	92	94	96	101	103	105	105	105	104	100	73
Insurance commissions and fees
-	-	-	-	-	-	-	-	1,895	1,173	1,263	1,143	1,747	946	1,090	1,039	1,721	840	955	736	1,155	729	741	696	973	657	756	647	842	592	684	609	599	546	545	564	615	485	590
Investment brokerage fees
15	8	49	21	56	12	29	41	22	12	9	0	3	8	-10	50	27	27	40	41	22	29	11	37	31	34	37	54	45	27	46	36	36	42	33	39	31	24	49
Net gain on sales of securities
-	-	0	1,524	-	-	0	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of loans, held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	47	-	-	-	-	-	-
Net gain (loss) on sales of securities
-	-	-	-	-	-	-	-	-	-60	-26	-30	107	83	89	105	167	4	11	88	168	-	164	94	-	-6	0	29	370	1,036	569	135	59	-	-1	269	-	-	-
Net (loss) gain on disposal of premises and equipment
-	-	89	-381	-	-	0	9	-	-	0	0	-	0	0	-6	-13	-	0	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized holding gains on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4
Gain on sale of securities, available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	54
Net (loss) gain on sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	0	-7	1	-	-	-	-	2	-
Net gain (loss) on sale of foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36	2	7	-11	12	1
Impairment write-downs on equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171
Other
-	-	-	-	-	-	-	-	214	175	167	92	81	146	96	107	134	132	143	135	91	93	70	99	73	164	92	94	90	82	108	118	65	61	58	51	68	52	79
Total Non-Interest Income
3,681	3,217	3,103	4,392	3,633	2,493	2,518	2,881	2,857	1,961	2,029	1,818	2,477	1,705	1,774	1,826	2,524	1,396	1,655	1,501	1,901	1,411	1,501	1,458	1,591	1,411	1,434	1,363	1,885	2,301	1,960	1,418	1,322	1,331	1,206	1,501	1,245	1,176	1,138
NON-INTEREST EXPENSES
Salaries and employee benefits
6,770	6,246	6,224	6,334	6,130	5,208	5,033	5,411	5,058	3,783	3,755	3,677	3,558	3,406	3,243	3,076	3,353	3,018	2,919	2,789	2,780	2,589	2,631	2,441	2,418	2,381	2,387	2,321	2,235	2,243	2,196	2,124	2,424	2,316	2,219	1,986	2,007	1,885	2,139
Occupancy, net
879	779	840	985	779	690	757	727	602	462	462	456	500	460	463	512	424	421	410	443	477	399	375	397	453	381	342	347	394	379	355	354	362	357	338	336	381	336	331
Data processing
1,054	1,053	1,000	999	940	911	710	939	791	530	565	521	557	482	529	548	549	402	468	429	354	353	549	432	380	268	341	338	329	-	-	-	-	-	-	-	-	-	-
Furniture and equipment
318	370	343	314	318	301	286	326	281	233	231	234	240	229	248	283	233	220	221	214	210	269	184	112	164	153	137	145	152	-384	326	334	354	306	283	288	300	325	295
Advertising and promotion
112	151	139	123	132	99	147	285	56	49	64	89	106	57	63	86	105	101	65	90	70	70	89	78	44	62	63	95	40	63	63	88	71	31	52	46	43	36	51
Professional fees
443	581	272	372	462	410	383	290	329	395	303	198	277	218	219	177	174	174	161	173	146	220	153	211	153	212	153	198	185	199	175	145	158	222	163	149	127	130	135
Director fees
177	166	146	180	145	140	121	142	147	109	94	89	107	72	159	160	59	126	105	147	166	96	137	105	137	156	106	-13	206	85	56	74	106	32	5	72	67	65	60
FDIC assessment
252	121	138	281	166	136	183	100	110	70	49	93	51	129	138	121	120	78	120	124	124	73	183	175	176	175	176	178	169	165	177	172	167	165	153	126	256	232	225
Insurance
32	32	31	33	30	28	35	52	95	77	70	66	66	67	67	73	73	82	69	68	52	70	70	72	76	66	65	63	76	61	68	58	53	53	53	54	56	56	55
Stationary and supplies
91	84	73	90	84	80	59	89	57	30	42	44	32	42	47	50	52	43	49	49	56	50	64	52	55	48	43	51	49	48	44	39	45	62	39	40	43	53	50
Merger-related expenses
315	-	0	0	0	1,460	605	446	3,293	705	1	481	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan collection costs
75	43	96	17	120	52	53	89	61	47	23	28	24	31	24	53	32	32	19	59	97	81	53	169	77	96	37	116	98	174	204	201	134	-	314	177	-	144	86
Loan collection costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	-	-
Write-down on foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	145	182	-
Net expenses and write-downs related to foreclosed real estate
90	-47	172	96	65	96	20	1	207	-15	221	32	45	141	98	144	75	59	277	35	164	159	12	161	100	213	317	597	411	1,046	232	101	706	237	74	79	24	82	110
Amortization of intangible assets
91	101	102	101	102	65	61	60	61	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	1	1	1	2	2	3	2	3	3	4
Other
668	664	611	601	705	597	510	623	446	345	414	518	414	392	353	315	361	442	480	302	374	336	359	332	235	315	268	253	233	-162	396	373	326	343	329	344	293	315	292
Total Non-Interest Expenses
11,367	10,344	10,187	10,526	10,178	10,273	8,963	9,580	11,594	6,820	6,294	6,526	5,977	5,726	5,651	5,598	5,610	5,198	5,363	4,922	5,070	4,765	4,859	4,737	4,468	4,526	4,435	4,689	4,578	5,167	4,293	4,064	4,908	4,199	4,025	3,699	3,860	3,844	3,833
Income before Income Taxes
6,615	7,271	6,965	8,080	7,323	3,344	4,227	3,888	1,523	2,552	2,969	1,807	2,842	2,329	2,013	1,660	2,349	1,363	1,341	1,308	1,328	1,053	806	766	976	783	718	52	8	-332	652	546	-460	617	631	956	903	799	303
EXPENSE FOR INCOME TAXES
1,487	1,940	1,820	1,836	1,500	991	957	896	215	2,039	1,006	603	831	806	696	551	775	450	390	424	376	330	214	159	298	162	143	-82	-90	-235	106	65	-265	102	97	229	209	168	-2
Net Income
5,128	5,331	5,145	6,244	5,823	2,353	3,270	2,992	1,308	513	1,963	1,204	2,011	1,523	1,317	1,109	1,574	913	951	884	952	723	592	607	678	621	575	134	98	-97	546	481	-195	515	534	727	694	631	305
OTHER COMPREHENSIVE INCOME:
Unrealized gain (loss) on available for sale securities arising during the period
1,073	-2,069	1,241	2,530	2,912	1,937	-1,383	-353	-2,167	-128	-10	1,144	676	-2,936	-575	1,576	985	-40	1,024	-1,166	316	291	511	1,636	1,717	-458	430	-3,113	-644	-220	693	303	417	109	353	855	217	-	-
Fair value adjustments on derivatives
-13,933	-	-	-	-1,734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustments on derivatives
-	-	-	-	-	-2,330	779	328	1,107	282	-63	-455	40	-	190	-1,149	-400	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustments on derivatives
-	-	1,540	-3,701	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for net (gain) on securities transactions included in net income
-	-	0	1,524	-	0	0	36	0	-60	-26	-30	107	75	89	105	167	4	11	88	168	-	164	94	-	-6	0	29	370	-	569	-	-	-	-	-	-	-	-
Income tax related to items of other comprehensive income
-3,836	14	-106	-846	302	-	-106	-17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for gain on securities transactions included in net income, Before Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-135	-59	-	1	269	-	-	-
Other Comprehensive Income (Loss), Tax
-	-	-	-	-	-	-	-	-277	85	-18	287	244	-2	-190	129	167	-17	405	-502	60	104	138	617	687	-181	173	-1,258	-405	-502	49	67	143	159	142	234	-87	-	-
Other comprehensive (loss), net of income taxes
-9,024	-177	-193	-1,849	876	-229	-498	-44	-783	129	-29	432	365	-3	-284	193	251	-27	608	-752	88	156	209	925	1,030	-271	257	-1,884	-609	-754	75	101	215	-	212	352	-	-	-
Other comprehensive income, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	-	-
Comprehensive income
-3,896	5,155	4,952	4,394	6,699	2,124	2,772	2,948	525	642	1,934	1,636	2,376	1,520	1,033	1,302	1,825	886	1,559	132	1,040	879	801	1,532	1,708	350	832	-1,750	-511	-851	621	582	20	493	746	1,079	824	-	-
EARNINGS PER SHARE
Basic (in dollars per share)
0.55	0.57	0.55	0.67	0.62	0.29	0.42	0.38	0.17	0.05	0.33	0.25	0.43	0.34	0.28	0.24	0.34	0.20	0.21	0.19	0.21	0.16	0.13	0.13	0.15	0.17	0.14	0.04	0.03	-0.03	0.17	0.15	-0.06	0.17	0.16	0.22	0.21	0.19	0.09
Diluted (in dollars per share)
0.55	0.57	0.55	0.66	0.62	0.29	0.41	0.38	0.17	0.04	0.33	0.25	0.43	0.33	0.28	0.24	0.34	0.20	0.21	0.19	0.21	0.16	0.13	0.13	0.15	0.16	0.14	0.04	0.03	-0.03	0.17	0.14	-0.06	0.15	0.16	0.22	0.21	0.19	0.09
Service fees on deposit accounts
Revenue from contract with customer
319	355	351	367	330	-	320	311	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM and debit card fees
Revenue from contract with customer
245	277	289	278	231	-	254	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance commissions and fees
Revenue from contract with customer
2,598	1,535	1,824	2,096	2,562	-	1,527	1,839	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Revenue from contract with customer
276	319	266	255	224	-	198	207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-