Si financial group, inc. (SIFI)
Income statement / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income:
Loans, including fees

14,056

13,910

13,493

13,032

12,663

12,514

12,326

12,282

12,150

11,888

11,579

11,506

11,571

11,573

11,278

10,931

10,614

11,184

10,735

10,667

11,087

11,167

8,105

7,194

7,523

7,715

7,690

7,422

7,635

7,567

7,688

7,806

7,908

8,309

8,445

Securities:
Taxable interest

915

960

854

499

677

718

891

831

743

775

855

907

839

941

766

690

733

837

877

894

880

1,054

986

1,070

1,022

1,126

1,150

1,434

1,557

1,669

1,734

1,738

1,561

1,522

1,567

Tax-exempt interest

13

13

13

14

14

14

14

14

14

14

14

14

14

-50

14

54

59

-43

59

59

42

-61

42

20

0

1

1

0

1

1

2

1

1

7

14

Dividends

199

196

199

187

180

175

184

177

177

172

171

171

162

154

140

96

45

41

46

48

49

12

8

7

0

10

10

10

16

19

17

23

20

6

6

Other

524

421

295

331

220

217

234

194

118

2,042

84

77

56

31

19

19

19

20

11

15

13

12

10

11

10

11

11

12

12

9

10

16

30

32

26

Total interest and dividend income

15,707

15,500

14,854

14,063

13,754

13,638

13,649

13,498

13,202

14,891

12,703

12,675

12,642

12,649

12,217

11,790

11,470

12,039

11,728

11,683

12,071

12,184

9,151

8,302

8,555

8,863

8,862

8,878

9,221

9,265

9,451

9,584

9,520

9,876

10,058

Interest expense:
Deposits

3,339

2,971

2,528

2,096

1,955

1,942

1,922

1,883

1,750

1,673

1,703

1,655

1,549

1,453

1,403

1,379

1,368

1,361

1,355

1,359

1,319

1,335

1,241

1,284

1,352

1,430

1,479

1,515

1,595

1,683

1,790

1,892

1,897

2,262

2,453

Federal Home Loan Bank advances

775

778

779

823

806

771

802

875

900

830

790

816

874

845

846

682

596

592

602

637

682

670

736

716

775

807

804

816

849

870

941

956

1,012

1,051

1,036

Subordinated debt and other borrowings

89

84

82

78

68

63

60

59

54

52

48

48

45

78

84

84

83

85

84

84

83

92

87

83

83

85

85

61

107

85

84

84

83

44

41

Total interest expense

4,203

3,833

3,389

2,997

2,829

2,776

2,784

2,817

2,704

2,555

2,541

2,519

2,468

2,376

2,333

2,145

2,047

2,038

2,041

2,080

2,084

2,097

2,064

2,083

2,210

2,322

2,368

2,392

2,551

2,638

2,815

2,932

2,992

3,357

3,530

Net interest income

11,504

11,667

11,465

11,066

10,925

10,862

10,865

10,681

10,498

12,336

10,162

10,156

10,174

10,273

9,884

9,645

9,423

10,001

9,687

9,603

9,987

10,087

7,087

6,219

6,345

6,541

6,494

6,486

6,670

6,627

6,636

6,652

6,528

6,519

6,528

Provision for loan losses

518

1,121

1,009

288

725

160

171

170

160

417

880

582

311

797

1,017

360

335

344

350

415

430

686

443

55

135

646

1,334

432

484

948

210

190

210

270

252

Net interest income after provision for loan losses

10,986

10,546

10,456

10,778

10,200

10,702

10,694

10,511

10,338

11,919

9,282

9,574

9,863

9,476

8,867

9,285

9,088

9,657

9,337

9,188

9,557

9,401

6,644

6,164

6,210

5,895

5,160

6,054

6,186

5,679

6,426

6,462

6,318

6,249

6,276

Noninterest income:
Service fees

1,833

1,928

1,736

1,769

1,712

-

1,723

1,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management fees

2

2

5

9

9

-

20

192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

-

-481

311

0

409

1,841

0

0

0

-

-

Portion of losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

481

-224

0

-373

-1,693

0

0

0

-

-

Total other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-160

-194

Portion of losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

33

Other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

-

0

87

0

36

148

0

0

0

-160

-161

Service fees

-

-

-

-

-

-

-

-

1,684

-

1,585

1,569

1,644

1,687

1,699

1,692

1,648

1,699

1,762

1,785

1,718

1,802

1,515

1,233

1,216

1,251

1,253

1,221

1,210

1,196

1,233

1,211

1,180

1,248

1,318

Wealth management fees

-

-

-

-

-

-

-

-

327

-

296

302

299

288

303

315

298

295

293

310

323

311

302

287

257

-

288

-

-

-

-

-

-

-

-

Wealth management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

343

1,067

-

989

1,051

1,066

1,011

1,035

Bank Owned Life Insurance Income

214

236

230

226

215

218

133

132

130

157

136

136

141

168

146

142

162

147

147

144

142

174

90

68

68

71

71

70

72

74

72

71

72

73

72

Net gain on sale of securities

-

-

-

-

-

-

-

-

-

-

55

-

-

-

14

132

-

0

0

29

35

-236

-922

0

3

43

-344

257

317

146

122

183

35

197

414

Mortgage banking

197

160

343

344

214

379

519

466

155

31

503

399

270

305

139

130

147

139

81

155

160

164

69

271

579

714

502

398

279

323

189

133

169

221

225

Derivative, Gain (Loss) on Derivative, Net

-

-

-

-

-

-

-

-

-

14

33

16

-1

72

-7

-10

-5

-9

78

-26

17

14

18

126

47

-

-79

-

-

-

-

-

-

-

-

Net gain (loss) on trading securities and derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-84

71

181

27

-129

0

Net gain (loss) on fair value of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-152

-49

-

-

-

-

-

-

Net loss on disposal of SI Trust Servicing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-212

-486

0

0

0

0

-

-

Impairment loss on long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410

-

-

-

0

-

-

-

-

Net gain on disposal of equipment

13

-

-2

-

0

-

-4

-

-

-1

-56

-35

0

-

-17

-14

-

-

-

-

-

-

-

-

-

-

-5

-

-

-

-

-

-

-

-

Net gain (loss) on disposal of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33

-

-7

-5

0

Other

504

285

607

971

244

145

124

1,091

213

222

101

199

349

124

469

223

87

215

85

65

377

331

161

95

270

102

43

401

387

377

54

66

107

69

34

Total noninterest income

2,763

2,607

2,919

3,319

2,394

2,498

2,515

3,639

2,509

7,653

2,653

2,586

2,702

2,628

2,746

2,610

2,337

2,486

2,446

2,462

2,772

2,560

1,233

2,072

2,440

2,398

1,232

2,326

2,761

2,885

2,697

2,896

2,649

2,525

2,937

Noninterest expenses:
Salaries and employee benefits

5,377

5,693

5,386

5,302

5,210

5,245

5,052

5,225

5,208

5,550

4,992

4,643

5,178

4,844

4,986

5,129

4,944

4,873

4,897

5,031

5,200

5,001

4,394

4,121

4,408

3,776

3,838

4,016

4,238

3,610

4,057

4,232

4,144

3,684

4,070

Occupancy and equipment

1,730

1,631

1,668

1,656

1,851

1,680

1,662

1,700

1,776

1,677

1,670

1,703

1,743

1,749

1,816

1,791

2,053

1,872

1,883

1,862

2,107

1,867

1,417

1,304

1,383

1,322

1,340

1,332

1,486

1,465

1,450

1,388

1,535

1,433

1,343

Computer and electronic banking services

1,281

1,268

1,350

1,288

1,288

1,256

1,345

1,290

1,380

1,269

1,367

1,476

1,468

1,461

1,413

1,458

1,297

1,548

1,417

1,313

1,352

1,281

1,057

971

868

919

930

896

993

938

986

987

956

958

953

Outside professional services

229

313

268

343

356

327

379

392

401

251

403

379

635

462

436

508

466

386

420

553

449

348

298

382

268

336

296

313

364

200

273

314

267

210

287

Marketing and advertising

173

251

203

229

234

129

173

217

190

212

92

238

213

185

259

274

246

223

216

312

226

234

170

171

130

171

162

220

152

217

205

241

160

179

208

Supplies

126

133

141

148

147

119

121

128

134

135

130

121

168

145

149

144

148

147

146

151

168

143

110

106

100

118

96

91

137

96

104

132

135

112

124

FDIC deposit insurance and regulatory assessments

191

165

192

165

173

165

178

218

194

144

263

253

272

267

255

248

245

281

303

301

349

344

251

230

233

218

223

220

272

176

110

303

305

-

-

FDIC deposit insurance and regulatory assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

321

329

Contribution to SI Financial Group Foundation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

0

0

Merger expenses

66

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410

1,305

209

684

-

0

0

-

-

-

-

-

-

-

Amortization of Intangible Assets

150

151

150

150

151

150

150

151

150

150

151

150

151

150

150

151

150

150

150

149

164

165

55

0

0

-

-

-

-

-

-

-

-

-

-

Other real estate owned operations

-45

-

-103

-33

-135

-

-117

-257

-110

-

-54

-69

-56

-

-160

-202

-82

-

-72

-62

-169

-

-83

-192

-127

-

-

-

-

-

-

-

-

-

-

Other real estate operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-257

-

-

-

-

Other

317

498

491

539

506

442

481

445

799

481

490

548

382

616

521

501

430

609

500

603

770

558

1,234

523

380

-34

523

469

708

1,077

605

713

711

777

851

Total noninterest expenses

9,685

11,209

9,952

9,853

10,051

9,772

9,658

10,023

10,342

10,540

9,612

9,580

10,266

9,973

10,145

10,406

10,061

10,211

10,004

10,337

10,954

10,513

10,374

8,209

8,581

7,338

7,408

7,557

8,350

7,522

8,047

8,310

8,713

7,674

8,165

Income before income tax provision

4,064

1,944

3,423

4,244

2,543

3,428

3,551

4,127

2,505

9,032

2,323

2,580

2,299

2,131

1,468

1,489

1,364

1,932

1,779

1,313

1,375

1,448

-2,497

27

69

955

-1,016

823

597

1,042

1,076

1,048

254

1,100

1,048

Income tax provision

930

442

719

891

537

4,991

1,307

1,285

786

2,547

767

852

758

683

494

484

443

541

579

399

469

424

-755

87

146

210

-316

153

194

281

336

341

45

262

335

Net Income (Loss) Attributable to Parent

3,134

1,502

2,704

3,353

2,006

-1,563

2,244

2,842

1,719

6,485

1,556

1,728

1,541

1,448

974

1,005

921

1,391

1,200

914

906

1,024

-1,742

-60

-77

745

-700

670

403

761

740

707

209

838

713

Earnings per share:
Earnings per share:
Basic

0.27

0.13

0.23

0.28

0.17

-0.14

0.19

0.24

0.15

0.55

0.13

0.15

0.13

0.13

0.08

0.08

0.07

0.12

0.10

0.07

0.07

0.11

-0.17

-0.01

-0.01

0.07

-0.07

0.07

0.04

0.08

0.07

0.07

0.02

0.08

0.07

Diluted

0.27

0.12

0.23

0.28

0.17

-0.13

0.19

0.24

0.14

0.54

0.13

0.15

0.13

0.13

0.08

0.08

0.07

0.12

0.10

0.07

0.07

0.11

-0.17

-0.01

-0.01

0.07

-0.07

0.07

0.04

0.08

0.07

0.07

0.02

-

0.07

Diluted (in dollars per share)

0.27

0.13

0.23

0.28

0.17

-0.14

0.19

0.24

0.15

-

0.13

0.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.07