Sound Financial Bancorp, Inc. SFBC Income Statement

Sound financial bancorp, inc. (SFBC)

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	Sep'11
INTEREST INCOME
Loans, including fees
8,408	8,859	8,060	7,812	8,359	8,931	7,896	7,850	7,204	7,075	6,832	6,358	6,442	6,555	6,050	6,051	5,952	6,011	5,537	5,363	5,322	5,457	5,339	5,179	5,168	5,061	4,926	4,838	4,504	4,335	4,437	4,514	4,508	4,556
Interest and dividends on investments, cash and cash equivalents
238	272	381	424	414	398	378	264	246	199	234	159	150	136	98	92	116	-	39	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and dividends on investments, cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	62	56	61	34	58	59	48	132	137	105	84	55	57
Total interest income
8,646	9,131	8,441	8,236	8,773	9,329	8,274	8,114	7,450	7,274	7,066	6,517	6,592	6,691	6,148	6,143	6,068	6,090	5,576	5,410	5,377	5,519	5,395	5,240	5,202	5,119	4,985	4,886	4,636	4,472	4,542	4,598	4,563	4,613
INTEREST EXPENSE
Deposits
1,859	1,947	1,830	1,622	1,466	1,174	974	881	810	822	808	688	703	688	678	654	688	662	662	661	661	576	580	552	561	569	528	498	501	518	540	531	546	626
Borrowings
59	78	100	256	318	528	439	341	213	108	72	75	92	75	52	55	29	36	23	19	28	29	32	44	49	52	50	46	68	57	56	57	55	55
Total interest expense
1,918	2,025	1,930	1,878	1,784	1,702	1,413	1,222	1,023	930	880	763	795	763	730	709	717	698	685	680	689	605	612	596	610	621	578	544	569	575	596	588	601	681
Net interest income
6,728	7,106	6,511	6,358	6,989	7,627	6,861	6,892	6,427	6,344	6,186	5,754	5,797	5,928	5,418	5,434	5,351	5,392	4,891	4,730	4,688	4,914	4,783	4,644	4,592	4,498	4,407	4,342	4,067	3,897	3,946	4,010	3,962	3,932
Provision for Loan and Lease Losses
250	25	250	-200	-200	25	250	150	100	250	250	0	0	204	0	100	150	0	100	200	100	200	200	200	200	200	450	450	250	850	1,075	1,100	1,500	1,300
Net interest income after provision (recapture) for loan losses
6,478	7,081	6,261	6,558	7,189	7,602	6,611	6,742	6,327	6,094	5,936	5,754	5,797	5,724	5,418	5,334	5,201	5,392	4,791	4,530	4,588	4,714	4,583	4,444	4,392	4,298	3,957	3,892	3,817	3,047	2,871	2,910	2,462	2,632
NONINTEREST INCOME
Service charges and fee income
494	516	512	479	447	451	504	461	460	-	439	492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and fee income
-	-	-	-	-	-	-	-	-	-	-	-	511	547	743	652	566	648	641	671	645	530	805	700	536	557	564	551	598	581	574	513	550	516
Bank Owned Life Insurance Income
15	114	81	78	108	12	149	80	79	82	82	82	81	83	84	85	84	85	85	84	84	87	87	86	80	118	78	74	78	61	60	52	66	61
Mortgage servicing income
244	-	259	256	242	-	282	295	220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing income
-	-	-	-	-	-	-	-	-	-	18	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing income
-	-	-	-	-	-	-	-	-	-	-	-	233	332	239	132	204	169	202	214	255	274	202	80	-47	70	76	184	127	204	148	21	177	110
Fair value adjustment on mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	-	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment on mortgage servicing rights
362	184	90	162	324	-	260	89	-	-	-	-	-	-	-	-	-	-	-	-347	178	109	-153	-144	-140	-244	-271	-250	-135	44	211	76	-384	491
Loss on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-31	0	0	0	0	-	-	-	-	-	-	-	-	0
Other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11	19	9	32	32	91	56
Net loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net gain on sale of loans
318	166	440	308	535	-97	369	392	374	352	287	261	171	338	477	341	210	155	360	390	396	254	184	110	76	173	37	310	447	836	668	308	251	126
Other income
-	-	0	-	-	-	490	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noninterest Income
709	857	1,202	959	1,008	480	1,534	1,139	1,133	1,054	826	983	996	1,414	1,543	1,210	950	1,120	1,266	1,706	1,171	1,036	1,431	1,120	785	1,162	1,026	1,358	1,366	1,629	1,207	786	1,337	266
NONINTEREST EXPENSE
Salaries and benefits
3,235	3,034	3,075	2,654	3,639	3,252	3,327	3,055	3,141	2,603	2,777	2,662	2,691	2,692	2,632	2,618	2,563	2,512	2,251	2,205	2,255	2,255	1,998	1,958	2,067	1,956	1,858	1,705	1,687	1,768	1,537	1,423	1,283	1,189
Operations
1,394	1,424	1,397	1,450	1,634	1,680	1,355	1,198	1,239	1,296	1,002	1,029	1,021	1,124	1,181	1,084	972	975	1,064	1,053	903	989	1,155	1,009	892	1,167	825	991	967	780	697	728	582	602
Regulatory assessments
250	100	-49	115	113	104	136	91	101	91	80	136	124	135	124	125	155	270	180	230	66	66	66	75	60	87	57	82	100	101	108	99	122	103
Occupancy
497	499	509	546	506	504	588	573	474	474	520	522	373	385	376	380	385	307	413	448	325	365	381	327	286	355	353	309	299	300	314	294	310	288
Data processing
570	557	587	460	500	552	453	461	453	443	448	438	407	520	434	444	386	482	378	454	403	492	606	328	344	333	348	318	288	243	264	262	242	218
Net loss on OREO and repossessed assets
0	24	1	7	3	23	11	25	27	-13	109	11	3	-3	3	6	0	133	96	10	72	-	-12	-	-	-	-	-	-	-	-	-	-	-
Net loss on OREO and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	83	72	125	164	675	165	265	22	469	274
Total noninterest expense
5,946	5,638	5,520	5,232	6,395	6,115	5,870	5,403	5,435	4,894	4,936	4,798	4,619	4,853	4,750	4,657	4,461	4,679	4,382	4,400	4,024	4,226	4,194	3,775	3,732	3,970	3,566	3,569	4,016	3,357	3,185	2,828	3,008	2,674
Income before provision for income taxes
1,241	2,300	1,943	2,285	1,802	1,967	2,275	2,478	2,025	2,254	1,826	1,939	2,174	2,285	2,211	1,887	1,690	1,833	1,675	1,836	1,735	1,524	1,820	1,789	1,445	1,490	1,417	1,681	1,167	1,319	893	868	791	224
Provision for income taxes
260	430	395	468	358	326	445	512	423	1,068	604	636	760	721	757	633	584	613	560	589	527	722	585	573	458	483	423	539	370	430	281	275	245	43
Net Income (Loss) Attributable to Parent
981	1,870	1,548	1,817	1,444	1,641	1,830	1,966	1,602	1,186	1,222	1,303	1,414	1,564	1,454	1,254	1,106	1,220	1,115	1,247	1,208	802	1,235	1,216	987	1,007	994	1,142	797	889	612	593	546	181
Earnings per common share:
Basic (in dollars per share)
0.38	0.73	0.61	0.72	0.57	0.65	0.73	0.79	0.65	0.47	0.49	0.52	0.57	0.62	0.58	0.51	0.45	0.49	0.45	0.50	0.48	0.33	0.49	0.48	0.39	0.38	0.39	0.44	0.31	0.34	0.24	0.22	0.21	0.07
Diluted (in dollars per share)
0.38	0.70	0.60	0.71	0.56	0.63	0.71	0.77	0.63	0.48	0.48	0.50	0.54	0.60	0.57	0.49	0.43	0.48	0.44	0.48	0.46	0.31	0.47	0.47	0.38	0.38	0.38	0.43	0.30	0.34	0.23	0.22	0.21	0.07
Weighted-average number of common shares outstanding:
Basic (in shares)
2,543	2,553	2,526	2,522	2,507	2,522	2,503	2,489	2,477	2,510	2,506	2,500	2,499	2,498	2,490	2,481	2,477	2,465	2,465	2,510	2,524	2,519	2,516	2,510	2,506	5,105	2	2,586	2,587	2,587	2,587	2,587	2,581	2,582
Diluted (in shares)
2,588	2,616	2,578	2,572	2,565	2,579	2,569	2,561	2,558	2,516	2,562	2,596	2,596	2,569	2,568	2,558	2,571	2,561	2,552	2,601	2,602	2,594	2,609	2,601	2,604	5,217	2	2,637	2,645	2,629	2,627	2,615	2,603	2,609