SI Financial Group, Inc. SIFI Income Statement

Si financial group, inc. (SIFI)

Income statement / TTM

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 and dividend income:
Loans, including fees
54,491	53,098	51,702	50,535	49,785	49,272	48,646	47,899	47,123	46,544	46,229	45,928	45,353	44,396	44,007	43,464	43,200	43,673	43,656	41,026	37,553	33,989	30,537	30,122	30,350	30,462	30,314	30,312	30,696	30,969	31,711	32,468	0	0	0
Securities:
Taxable interest
3,228	2,990	2,748	2,785	3,117	3,183	3,240	3,204	3,280	3,376	3,542	3,453	3,236	3,130	3,026	3,137	3,341	3,488	3,705	3,814	3,990	4,132	4,204	4,368	4,732	5,267	5,810	6,394	6,698	6,702	6,555	6,388	0	0	0
Tax-exempt interest
53	54	55	56	56	56	56	56	56	56	-8	-8	32	77	84	129	134	117	99	82	43	1	63	22	2	3	3	4	5	5	11	23	0	0	0
Dividends
781	762	741	726	716	713	710	697	691	676	658	627	552	435	322	228	180	184	155	117	76	27	25	27	30	46	55	62	75	79	66	55	0	0	0
Other
1,571	1,267	1,063	1,002	865	763	2,588	2,438	2,321	2,259	248	183	125	88	77	69	65	59	51	50	46	43	42	43	44	46	44	43	47	65	88	104	0	0	0
Total interest and dividend income
60,124	58,171	56,309	55,104	54,539	53,987	55,240	54,294	53,471	52,911	50,669	50,183	49,298	48,126	47,516	47,027	46,920	47,521	47,666	45,089	41,708	38,192	34,871	34,582	35,158	35,824	36,226	36,815	37,521	37,820	38,431	39,038	0	0	0
Interest expense:
Deposits
10,934	9,550	8,521	7,915	7,702	7,497	7,228	7,009	6,781	6,580	6,360	6,060	5,784	5,603	5,511	5,463	5,443	5,394	5,368	5,254	5,179	5,212	5,307	5,545	5,776	6,019	6,272	6,583	6,960	7,262	7,841	8,504	0	0	0
Federal Home Loan Bank advances
3,155	3,186	3,179	3,202	3,254	3,348	3,407	3,395	3,336	3,310	3,325	3,381	3,247	2,969	2,716	2,472	2,427	2,513	2,591	2,725	2,804	2,897	3,034	3,102	3,202	3,276	3,339	3,476	3,616	3,779	3,960	4,055	0	0	0
Subordinated debt and other borrowings
333	312	291	269	250	236	225	213	202	193	219	255	291	329	336	336	336	336	343	346	345	345	338	336	314	338	338	337	360	336	295	252	0	0	0
Total interest expense
14,422	13,048	11,991	11,386	11,206	11,081	10,860	10,617	10,319	10,083	9,904	9,696	9,322	8,901	8,563	8,271	8,206	8,243	8,302	8,325	8,328	8,454	8,679	8,983	9,292	9,633	9,949	10,396	10,936	11,377	12,096	12,811	0	0	0
Net interest income
45,702	45,123	44,318	43,718	43,333	42,906	44,380	43,677	43,152	42,828	40,765	40,487	39,976	39,225	38,953	38,756	38,714	39,278	39,364	36,764	33,380	29,738	26,192	25,599	25,866	26,191	26,277	26,419	26,585	26,443	26,335	26,227	0	0	0
Provision for loan losses
2,936	3,143	2,182	1,344	1,226	661	918	1,627	2,039	2,190	2,570	2,707	2,485	2,509	2,056	1,389	1,444	1,539	1,881	1,974	1,614	1,319	1,279	2,170	2,547	2,896	3,198	2,074	1,832	1,558	880	922	0	0	0
Net interest income after provision for loan losses
42,766	41,980	42,136	42,374	42,107	42,245	43,462	42,050	41,113	40,638	38,195	37,780	37,491	36,716	36,897	37,367	37,270	37,739	37,483	34,790	31,766	28,419	24,913	23,429	23,319	23,295	23,079	24,345	24,753	24,885	25,455	25,305	0	0	0
Noninterest income:
Service fees
7,266	7,145	6,940	6,962	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
18	25	43	230	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	239	2,561	2,250	2,250	1,841	0	0	0	-	-
Portion of losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-116	-2,290	-2,066	-2,066	-1,693	0	0	0	-	-
Total other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Portion of losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other-than-temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	123	271	184	184	148	-160	-321	0	0	0
Service fees
-	-	-	-	-	-	-	-	6,493	-	6,485	6,599	6,722	6,726	6,738	6,801	6,894	6,964	7,067	6,820	6,268	5,766	5,215	4,953	4,941	4,935	4,880	4,860	4,850	4,820	4,872	4,957	0	0	0
Wealth management fees
-	-	-	-	-	-	-	-	1,237	-	1,185	1,192	1,205	1,204	1,211	1,201	1,196	1,221	1,237	1,246	1,223	1,157	1,134	0	0	-	0	-	-	-	-	-	-	-	-
Wealth management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,117	4,163	0	0	0
Bank Owned Life Insurance Income
906	907	889	792	698	613	552	555	559	570	581	591	597	618	597	598	600	580	607	550	474	400	297	278	280	284	287	288	289	289	288	288	0	0	0
Net gain on sale of securities
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	64	-172	-1,094	-1,123	-1,155	-876	-298	-41	273	376	842	768	486	537	829	0	0	0
Mortgage banking
1,044	1,061	1,280	1,456	1,578	1,519	1,171	1,155	1,088	1,203	1,477	1,113	844	721	555	497	522	535	560	548	664	1,083	1,633	2,066	2,193	1,893	1,502	1,189	924	814	712	748	0	0	0
Derivative, Gain (Loss) on Derivative, Net
-	-	-	-	-	-	-	-	-	62	120	80	54	50	-31	54	38	60	83	23	175	205	0	0	0	-	0	-	-	-	-	-	-	-	-
Net gain (loss) on trading securities and derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	150	79	0	0	0
Net gain (loss) on fair value of derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Net loss on disposal of SI Trust Servicing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-698	-698	-698	-486	0	0	0	0	-	-
Impairment loss on long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Net gain on disposal of equipment
0	-	0	-	0	-	0	-	-	-92	-108	-66	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net gain (loss) on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Other
2,367	2,107	1,967	1,484	1,604	1,573	1,650	1,627	735	871	773	1,141	1,165	903	994	610	452	742	858	934	964	857	628	510	816	933	1,208	1,219	884	604	296	276	0	0	0
Total noninterest income
11,608	11,239	11,130	10,726	11,046	11,161	16,316	16,454	15,401	15,594	10,569	10,662	10,686	10,321	10,179	9,879	9,731	10,166	10,240	9,027	8,637	8,305	8,143	8,142	8,396	8,717	9,204	10,669	11,239	11,127	10,767	11,007	0	0	0
Noninterest expenses:
Salaries and employee benefits
21,758	21,591	21,143	20,809	20,732	20,730	21,035	20,975	20,393	20,363	19,657	19,651	20,137	19,903	19,932	19,843	19,745	20,001	20,129	19,626	18,716	17,924	16,699	16,143	16,038	15,868	15,702	15,921	16,137	16,043	16,117	16,130	0	0	0
Occupancy and equipment
6,685	6,806	6,855	6,849	6,893	6,818	6,815	6,823	6,826	6,793	6,865	7,011	7,099	7,409	7,532	7,599	7,670	7,724	7,719	7,253	6,695	5,971	5,426	5,349	5,377	5,480	5,623	5,733	5,789	5,838	5,806	5,699	0	0	0
Computer and electronic banking services
5,187	5,194	5,182	5,177	5,179	5,271	5,284	5,306	5,492	5,580	5,772	5,818	5,800	5,629	5,716	5,720	5,575	5,630	5,363	5,003	4,661	4,177	3,815	3,688	3,613	3,738	3,757	3,813	3,904	3,867	3,887	3,854	0	0	0
Outside professional services
1,153	1,280	1,294	1,405	1,454	1,499	1,423	1,447	1,434	1,668	1,879	1,912	2,041	1,872	1,796	1,780	1,825	1,808	1,770	1,648	1,477	1,296	1,284	1,282	1,213	1,309	1,173	1,150	1,151	1,054	1,064	1,078	0	0	0
Marketing and advertising
856	917	795	765	753	709	792	711	732	755	728	895	931	964	1,002	959	997	977	988	942	801	705	642	634	683	705	751	794	815	823	785	788	0	0	0
Supplies
548	569	555	535	515	502	518	527	520	554	564	583	606	586	588	585	592	612	608	572	527	459	434	420	405	442	420	428	469	467	483	503	0	0	0
FDIC deposit insurance and regulatory assessments
713	695	695	681	734	755	734	819	854	932	1,055	1,047	1,042	1,015	1,029	1,077	1,130	1,234	1,297	1,245	1,174	1,058	932	904	894	933	891	778	861	894	0	0	0	-	-
FDIC deposit insurance and regulatory assessments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Contribution to SI Financial Group Foundation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	500	0	0	0
Merger expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,608	2,198	893	0	-	0	0	-	-	-	-	-	-	-
Amortization of Intangible Assets
601	602	601	601	602	601	601	602	601	602	602	601	602	601	601	601	599	613	628	533	384	220	0	0	0	-	-	-	-	-	-	-	-	-	-
Other real estate owned operations
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Other real estate operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other
1,845	2,034	1,978	1,968	1,874	2,167	2,206	2,215	2,318	1,901	2,036	2,067	2,020	2,068	2,061	2,040	2,142	2,482	2,431	3,165	3,085	2,695	2,103	1,392	1,338	1,666	2,777	2,859	3,103	3,106	2,806	3,052	0	0	0
Total noninterest expenses
40,699	41,065	39,628	39,334	39,504	39,795	40,563	40,517	40,074	39,998	39,431	39,964	40,790	40,585	40,823	40,682	40,613	41,506	41,808	42,178	40,050	37,677	34,502	31,536	30,884	30,653	30,837	31,476	32,229	32,592	32,744	32,862	0	0	0
Income before income tax provision
13,675	12,154	13,638	13,766	13,649	13,611	19,215	17,987	16,440	16,234	9,333	8,478	7,387	6,452	6,253	6,564	6,388	6,399	5,915	1,639	353	-953	-1,446	35	831	1,359	1,446	3,538	3,763	3,420	3,478	3,450	0	0	0
Income tax provision
2,982	2,589	7,138	7,726	8,120	8,369	5,925	5,385	4,952	4,924	3,060	2,787	2,419	2,104	1,962	2,047	1,962	1,988	1,871	537	225	-98	-312	127	193	241	312	964	1,152	1,003	984	983	0	0	0
Net Income (Loss) Attributable to Parent
10,693	9,565	6,500	6,040	5,529	5,242	13,290	12,602	11,488	11,310	6,273	5,691	4,968	4,348	4,291	4,517	4,426	4,411	4,044	1,102	128	-855	-1,134	-92	638	1,118	1,134	2,574	2,611	2,417	2,494	2,467	0	0	0
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