SOUTHERN FIRST BANCSHARES INC SFST Income Statement

Southern first bancshares inc (SFST)

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	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	Dec'10	Sep'10	Jun'10	Mar'10
Interest income
Loans
91,407	88,929	86,209	82,551	78,044	73,718	69,033	65,156	61,845	58,808	56,123	53,327	51,046	49,315	47,893	46,769	45,711	44,316	42,839	41,306	39,674	38,092	36,826	35,636	34,795	34,242	33,688	33,392	32,947	32,668	32,581	32,469	32,755	32,892	32,896	32,983	32,751	32,587	0	0	0
Investment securities
1,948	2,101	2,180	2,091	1,982	1,801	1,693	1,649	1,609	1,617	1,578	1,530	1,598	1,711	1,816	1,792	1,690	1,577	1,510	1,539	1,648	1,784	1,853	1,900	1,861	1,813	1,819	1,806	1,870	1,963	2,033	2,199	2,247	2,144	2,073	2,134	2,450	2,883	0	0	0
Federal funds sold and interest-bearing deposits with banks
1,551	1,622	1,446	1,002	1,065	1,138	1,216	1,227	974	784	591	392	177	165	182	184	157	137	95	86	83	72	71	61	63	63	65	64	67	67	66	73	92	106	112	105	76	59	0	0	0
Total interest income
94,906	92,652	89,835	85,644	81,091	76,657	71,942	68,032	64,428	61,209	58,292	55,249	52,821	51,191	49,891	48,745	47,558	46,030	44,444	42,931	41,405	39,948	38,750	37,597	36,719	36,118	35,572	35,262	34,884	34,698	34,680	34,741	35,094	35,142	35,081	35,222	35,277	35,529	0	0	0
Interest expense
Deposits
23,529	23,730	22,605	20,124	17,473	14,836	12,491	10,647	8,862	7,373	6,122	4,995	4,202	3,941	3,913	3,897	3,805	3,585	3,289	3,066	2,908	2,820	2,753	2,708	2,736	2,862	3,139	3,408	3,721	4,177	4,761	5,470	6,278	6,993	7,655	8,361	9,003	9,424	0	0	0
Borrowings
1,828	1,653	1,597	1,665	1,690	1,669	1,688	1,814	2,255	2,960	3,603	4,116	4,320	4,251	4,148	4,060	3,987	3,916	3,921	3,978	4,031	4,088	4,142	4,162	4,196	4,235	4,281	4,357	4,418	4,525	4,593	4,679	4,800	4,861	4,946	5,124	5,442	5,893	0	0	0
Total interest expense
25,357	25,383	24,202	21,789	19,163	16,505	14,179	12,461	11,117	10,333	9,725	9,111	8,522	8,192	8,061	7,957	7,792	7,501	7,210	7,044	6,939	6,908	6,895	6,870	6,932	7,097	7,420	7,765	8,139	8,702	9,354	10,149	11,078	11,854	12,601	13,485	14,445	15,317	0	0	0
Net interest income
69,549	67,269	65,633	63,855	61,928	60,152	57,763	55,571	53,311	50,876	48,567	46,138	44,299	42,999	41,830	40,788	39,766	38,529	37,234	35,887	34,466	33,040	31,855	30,727	29,787	29,021	28,152	27,497	26,745	25,996	25,326	24,592	24,016	23,288	22,480	21,737	20,832	20,212	0	0	0
Provision for loan losses
8,000	2,300	1,850	1,600	1,700	1,900	1,800	1,900	2,000	2,000	1,775	2,100	2,175	2,300	2,725	2,775	3,200	3,200	3,400	3,850	3,800	4,175	4,100	3,550	3,350	3,475	3,600	3,950	4,475	4,550	5,825	6,370	5,745	5,270	3,680	3,285	4,935	5,610	0	0	0
Net interest income after provision for loan losses
61,549	64,969	63,783	62,255	60,228	58,252	55,963	53,671	51,311	48,876	46,792	44,038	42,124	40,699	39,105	38,013	36,566	35,329	33,834	32,037	30,666	28,865	27,755	27,177	26,437	25,546	24,552	23,547	22,270	21,446	19,501	18,222	18,271	18,018	18,800	18,452	15,897	14,602	0	0	0
Noninterest income
Mortgage banking income
10,734	9,923	8,975	7,274	6,073	5,544	5,714	5,963	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service fees on deposit accounts
1,058	1,061	1,071	1,057	1,048	1,040	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service fees on deposit accounts
1,058	1,061	1,071	1,057	1,048	1,040	1,094	1,121	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ATM and debit card income
0	-	0	0	0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
-	-	-	-	-	-	-	-	-	-	-	-	6,447	-	6,799	6,128	5,214	4,963	4,732	4,261	3,553	2,699	2,127	1,664	1,318	1,235	1,214	1,180	1,103	1,044	1,074	942	933	877	747	621	0	-	0	0	-
Loan fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Service fees on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	1,060	-	950	911	886	893	911	925	937	923	931	894	867	879	820	843	811	767	758	696	681	638	603	590	575	583	0	0	0
ATM and debit card income
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from bank owned life insurance
1,055	1,001	937	876	874	878	882	885	848	811	773	736	733	736	740	720	705	685	667	669	671	667	659	669	660	658	662	640	633	632	644	613	592	565	508	516	533	554	0	0	0
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	431	432	328	345	297	297	525	0	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	363	378	0	0	-	0	-	-	1,156	0	0	0
Other than temporary impairment on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-
Gain on sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other income
2,081	2,039	1,276	1,272	1,237	1,242	1,147	1,134	1,041	1,030	408	553	819	948	1,837	1,778	1,684	1,578	1,506	1,399	1,302	1,261	1,087	1,072	1,044	1,030	1,017	986	969	956	851	793	736	692	652	588	534	491	0	0	0
Total noninterest income
15,905	14,983	13,957	12,094	10,775	10,201	9,906	9,915	9,706	9,337	9,279	9,754	10,338	10,846	10,758	9,865	8,834	8,416	8,113	7,549	6,952	5,780	5,034	4,529	3,889	3,802	3,713	3,944	3,807	3,762	3,698	3,135	3,012	2,770	2,640	2,064	3,050	3,045	0	0	0
Noninterest expenses
Compensation and benefits
30,113	29,025	28,604	27,535	26,501	25,561	24,103	23,202	22,361	21,791	21,110	20,360	19,691	18,969	18,706	18,071	17,322	17,048	16,356	15,502	14,910	14,043	13,581	13,256	12,760	12,302	11,779	11,270	10,600	10,073	9,627	9,416	9,293	8,933	8,975	8,261	8,178	8,245	0	0	0
Occupancy
5,724	5,527	5,384	5,318	5,251	5,049	4,841	4,534	4,291	4,121	3,955	3,820	3,679	3,582	3,556	3,493	3,443	3,310	3,168	3,100	2,988	2,978	3,084	3,062	3,076	3,056	2,856	2,722	2,592	2,468	2,430	2,389	2,326	2,282	2,159	2,114	2,118	2,135	0	0	0
Other real estate owned expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	863	930	664	1,142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate owned expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	249	491	681	939	566	315	687	940	0	0	0	-	-	-	-
Real estate owned activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Real estate owned activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Outside service and data processing costs
4,419	4,187	3,979	3,747	3,526	3,302	3,197	3,150	3,149	3,158	3,100	2,996	2,801	2,654	2,617	2,515	2,460	2,447	2,419	2,456	2,505	2,514	2,466	2,452	2,424	2,406	2,311	2,218	2,132	2,070	2,027	1,996	1,948	1,869	1,798	1,732	1,674	1,624	0	0	0
Insurance
815	813	1,041	1,272	1,289	1,284	1,288	1,170	1,170	1,146	1,129	1,098	1,018	962	902	890	886	855	858	852	842	832	810	772	770	818	949	1,119	1,255	1,367	1,369	1,296	1,386	1,437	1,515	1,683	1,661	1,533	0	0	0
Professional fees
1,757	1,699	1,618	1,494	1,537	1,574	1,541	1,600	1,525	1,362	1,373	1,365	1,267	1,208	1,205	1,059	1,008	987	888	901	962	952	958	1,011	900	858	790	792	842	841	846	767	696	658	668	633	636	659	0	0	0
Marketing
939	941	936	914	907	856	785	769	736	737	787	783	786	807	818	840	863	870	846	836	811	774	761	725	746	731	686	665	629	637	682	697	710	686	672	658	648	690	0	0	0
Telephone
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other
2,430	2,281	2,329	2,315	2,195	2,137	2,241	2,189	2,165	2,237	3,205	3,150	3,062	2,994	1,734	1,674	1,619	1,550	1,645	1,805	2,184	2,167	2,017	1,889	1,503	1,462	1,475	1,333	1,233	1,118	1,066	1,064	1,094	1,062	1,082	1,048	1,018	1,004	0	0	0
Total noninterest expenses
46,197	44,473	43,891	42,595	41,206	39,763	37,996	36,614	35,397	34,552	33,934	32,928	32,019	31,176	30,401	29,472	28,265	28,209	27,735	26,930	26,599	24,907	23,921	23,365	22,351	21,812	21,095	20,610	19,964	19,513	18,613	17,940	18,140	17,867	18,463	17,767	17,042	16,564	0	0	0
Income before income tax expense
31,257	35,479	33,849	31,754	29,797	28,690	27,873	26,972	25,620	23,661	22,137	20,864	20,443	20,369	19,462	18,406	17,135	15,536	14,212	12,656	11,019	9,738	8,868	8,341	7,975	7,536	7,170	6,881	6,113	5,695	4,586	3,417	3,143	2,921	0	0	0	-	-	-	-
Income before income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income tax expense
6,576	7,621	7,405	6,940	6,713	6,401	9,288	9,919	10,473	10,616	7,880	7,424	7,301	7,333	6,865	6,515	5,990	5,369	4,914	4,259	3,616	3,113	2,786	2,666	2,566	2,416	2,357	2,261	1,978	1,833	1,417	991	904	833	888	806	496	193	0	0	0
Net income available to common shareholders
24,681	27,858	26,444	24,814	23,084	22,289	18,585	17,053	15,147	13,045	14,257	13,440	13,142	13,036	12,597	11,891	11,145	10,167	9,298	8,397	7,403	6,625	6,082	5,675	5,409	5,120	4,813	4,620	4,135	3,862	3,169	2,426	2,239	2,088	0	0	0	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	915	891	829	767	771	783	796	821	840	853	865	865	865	864	864	0	-	0	0	-
Preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360	431	321	284	279	161	157	204	260	0	0	0
Gain on redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	-20	-20	-116	-96	-96	-96	0	-	0	0	-	-	-	-	-
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,710	5,191	4,846	4,642	4,369	4,049	3,663	3,143	2,758	1,981	1,336	1,090	944	1,063	921	340	-235	0	0	0
Earnings per common share
Basic
0.37	0.94	0.98	0.97	0.81	0.78	0.78	0.75	0.71	0.28	0.58	0.52	0.48	0.52	0.54	0.52	0.48	0.46	0.44	0.41	0.33	0.31	0.33	0.28	0.23	0.29	0.29	0.26	0.18	0.22	0.20	0.14	0.09	0.01	0.05	0.09	0.07	0.08	0.02	-0.07	-0.09
Diluted
0.36	0.92	0.95	0.93	0.78	0.75	0.75	0.71	0.67	0.26	0.55	0.49	0.46	0.49	0.51	0.49	0.45	0.44	0.41	0.39	0.31	0.31	0.31	0.26	0.22	0.28	0.27	0.25	0.18	0.23	0.19	0.13	0.09	0.02	0.05	0.09	0.06	0.08	0.02	-0.07	-0.09
Weighted average common shares outstanding
Basic
7,678	7,610	7,548	7,495	7,459	7,429	7,400	7,370	7,336	7,317	7,281	6,986	6,437	6,376	6,322	6,301	6,272	6,153	6,205	6,233	6,225	5,719	4,829	4,763	4,610	4,316	4,271	4,269	4,262	4,241	4,229	4,225	4,222	-3,804,206	3,820	3,820	3,813,368	6,358	3,457	3,457	3,441
Diluted
7,827	7,811	7,780	7,755	7,741	7,725	7,746	7,751	7,726	7,709	7,668	7,366	6,829	6,776	6,740	6,702	6,663	6,614	6,579	6,533	6,514	5,837	5,046	5,036	4,877	4,551	4,490	4,423	4,371	4,305	4,349	4,436	4,267	-3,892,097	3,934	3,909	3,901,399	6,357	3,458	3,457	3,441