| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Interest and dividend income: | |||||||||
Loans, including fees | |||||||||
53,098 | 49,272 | 46,544 | 44,396 | 43,673 | 33,989 | 30,462 | 30,969 | 33,381 | 35,440 |
Securities: | |||||||||
Taxable interest | |||||||||
2,990 | 3,183 | 3,376 | 3,130 | 3,488 | 4,132 | 5,267 | 6,702 | 6,319 | 7,744 |
Tax-exempt interest | |||||||||
54 | 56 | 56 | 77 | 117 | 1 | 3 | 5 | 38 | 47 |
Dividends | |||||||||
762 | 713 | 676 | 435 | 184 | 27 | 46 | 79 | 23 | 42 |
Other | |||||||||
1,267 | 763 | 2,259 | 88 | 59 | 43 | 46 | 65 | 114 | 112 |
Total interest and dividend income | |||||||||
58,171 | 53,987 | 52,911 | 48,126 | 47,521 | 38,192 | 35,824 | 37,820 | 39,875 | 43,385 |
Interest expense: | |||||||||
Deposits | |||||||||
9,550 | 7,497 | 6,580 | 5,603 | 5,394 | 5,212 | 6,019 | 7,262 | 9,437 | 13,183 |
Federal Home Loan Bank advances | |||||||||
3,186 | 3,348 | 3,310 | 2,969 | 2,513 | 2,897 | 3,276 | 3,779 | 4,214 | 5,461 |
Subordinated debt and other borrowings | |||||||||
312 | 236 | 193 | 329 | 336 | 345 | 338 | 336 | 173 | 217 |
Total interest expense | |||||||||
13,048 | 11,081 | 10,083 | 8,901 | 8,243 | 8,454 | 9,633 | 11,377 | 13,824 | 18,861 |
Net interest income | |||||||||
45,123 | 42,906 | 42,828 | 39,225 | 39,278 | 29,738 | 26,191 | 26,443 | 26,051 | 24,524 |
Provision for loan losses | |||||||||
3,143 | 661 | 2,190 | 2,509 | 1,539 | 1,319 | 2,896 | 1,558 | 902 | 2,830 |
Net interest income after provision for loan losses | |||||||||
41,980 | 42,245 | 40,638 | 36,716 | 37,739 | 28,419 | 23,295 | 24,885 | 25,149 | 21,694 |
Noninterest income: | |||||||||
Service fees | |||||||||
7,145 | 6,912 | 6,453 | - | - | - | - | - | - | - |
Wealth management fees | |||||||||
25 | 548 | 1,209 | - | - | - | - | - | - | - |
Total other-than-temporary impairment losses on securities | |||||||||
- | - | - | - | - | - | 239 | 1,841 | 492 | 894 |
Portion of losses recognized in other comprehensive income | |||||||||
- | - | - | - | - | - | -116 | -1,693 | 0 | -666 |
Other-than-temporary impairment losses on securities | |||||||||
- | - | - | - | - | 8 | 123 | 148 | 492 | 228 |
Service fees | |||||||||
- | - | - | 6,726 | 6,964 | 5,766 | 4,935 | 4,820 | 5,093 | 5,033 |
Wealth management fees | |||||||||
- | - | - | 1,204 | 1,221 | 1,157 | 1,975 | 4,108 | - | - |
Wealth management fees | |||||||||
- | - | - | - | - | - | - | - | 4,083 | 3,912 |
Bank Owned Life Insurance Income | |||||||||
907 | 613 | 570 | 618 | 580 | 400 | 284 | 289 | 290 | 294 |
Debt and Equity Securities, Gain (Loss) | |||||||||
0 | 0 | 55 | - | - | - | - | - | - | - |
Net gain on sale of securities | |||||||||
- | - | - | 146 | 64 | -1,155 | 273 | 486 | 878 | 285 |
Mortgage banking | |||||||||
1,061 | 1,519 | 1,203 | 721 | 535 | 1,083 | 1,893 | 814 | 1,090 | 707 |
Derivative, Gain (Loss) on Derivative, Net | |||||||||
0 | 0 | 62 | 50 | 60 | 205 | - | - | - | - |
Gain (Loss) on Sale of Equity Investments | |||||||||
0 | 0 | 5,263 | 0 | 0 | - | - | - | - | - |
Net gain (loss) on trading securities and derivatives | |||||||||
- | - | - | - | - | - | -358 | 195 | -429 | 0 |
Net loss on disposal of SI Trust Servicing operations | |||||||||
- | - | - | - | - | - | -698 | 0 | 0 | - |
Impairment loss on long-lived assets | |||||||||
- | - | - | - | - | - | 392 | 0 | 0 | - |
Net gain on disposal of equipment | |||||||||
-6 | -4 | -92 | -47 | 0 | - | -5 | -41 | - | - |
Net gain (loss) on disposal of equipment | |||||||||
- | - | - | - | - | - | - | - | -5 | 99 |
Other | |||||||||
2,107 | 1,573 | 871 | 903 | 742 | 857 | 933 | 604 | 177 | 79 |
Total noninterest income | |||||||||
11,239 | 11,161 | 15,594 | 10,321 | 10,166 | 8,305 | 8,717 | 11,127 | 10,685 | 10,181 |
Noninterest expenses: | |||||||||
Salaries and employee benefits | |||||||||
21,591 | 20,730 | 20,363 | 19,903 | 20,001 | 17,924 | 15,868 | 16,043 | 15,487 | 15,767 |
Occupancy and equipment | |||||||||
6,806 | 6,818 | 6,793 | 7,409 | 7,724 | 5,971 | 5,480 | 5,838 | 5,628 | 5,559 |
Computer and electronic banking services | |||||||||
5,194 | 5,271 | 5,580 | 5,629 | 5,630 | 4,177 | 3,738 | 3,867 | 3,785 | 3,477 |
Outside professional services | |||||||||
1,280 | 1,499 | 1,668 | 1,872 | 1,808 | 1,296 | 1,309 | 1,054 | 944 | 975 |
Marketing and advertising | |||||||||
917 | 709 | 755 | 964 | 977 | 705 | 705 | 823 | 757 | 791 |
Supplies | |||||||||
569 | 502 | 554 | 586 | 612 | 459 | 442 | 467 | 491 | 524 |
FDIC deposit insurance and regulatory assessments | |||||||||
695 | 755 | 932 | 1,015 | 1,234 | 1,058 | 933 | 894 | 1,306 | - |
FDIC deposit insurance and regulatory assessments | |||||||||
- | - | - | - | - | - | - | - | - | 1,756 |
Contribution to SI Financial Group Foundation | |||||||||
0 | 0 | 500 | 0 | 0 | - | - | 500 | 0 | 0 |
Merger expenses | |||||||||
1,090 | 0 | 0 | - | - | - | - | - | - | - |
Merger expenses | |||||||||
- | - | - | - | - | 2,608 | 0 | 0 | - | - |
Amortization of Intangible Assets | |||||||||
602 | 601 | 602 | 601 | 613 | 220 | 11 | - | - | - |
Other real estate operations | |||||||||
287 | 743 | 350 | 538 | 425 | 564 | 501 | - | - | - |
Other | |||||||||
2,034 | 2,167 | 1,901 | 2,068 | 2,482 | 2,695 | 1,666 | 3,106 | 3,120 | 2,556 |
Total noninterest expenses | |||||||||
41,065 | 39,795 | 39,998 | 40,585 | 41,506 | 37,677 | 30,653 | 32,592 | 31,518 | 31,405 |
Income before income tax provision | |||||||||
12,154 | 13,611 | 16,234 | 6,452 | 6,399 | -953 | 1,359 | 3,420 | 4,316 | 470 |
Income tax provision | |||||||||
2,589 | 8,369 | 4,924 | 2,104 | 1,988 | -98 | 241 | 1,003 | 1,313 | 35 |
Net Income (Loss) Attributable to Parent | |||||||||
9,565 | 5,242 | 11,310 | 4,348 | 4,411 | -855 | 1,118 | 2,417 | 3,003 | 435 |
Earnings per share: | |||||||||
Earnings per share: | |||||||||
Basic | |||||||||
0.81 | 0.44 | 0.96 | 0.36 | 0.36 | -0.08 | 0.11 | 0.24 | 0.29 | 0.04 |
Diluted | |||||||||
0.80 | 0.44 | 0.95 | 0.36 | 0.36 | -0.08 | 0.11 | 0.24 | 0.29 | 0.04 |
Diluted (in dollars per share) | |||||||||
0.81 | 0.44 | 0.96 | 0.36 | - | - | - | - | - | - |