Select bancorp, inc. (SLCT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME
Loans

54,605

53,796

37,849

33,058

31,576

24,288

21,147

23,405

28,172

30,896

29,694

Federal funds sold and interest-earning deposits in other banks

1,838

1,618

480

257

71

157

204

164

109

68

43

Investments

2,003

1,421

1,288

1,394

1,694

1,659

1,552

1,563

2,102

2,646

3,293

TOTAL INTEREST INCOME

58,446

56,835

39,617

34,709

33,341

26,104

22,903

25,132

30,383

33,610

33,030

INTEREST EXPENSE
Money market, NOW and savings deposits

1,616

1,339

547

390

393

326

425

522

643

1,180

1,317

Time deposits

8,061

6,293

3,779

2,664

2,598

3,793

4,498

5,678

7,255

7,921

11,155

Short-term debt

62

328

357

127

65

59

40

113

228

276

280

Long-term debt

1,817

1,490

423

552

486

341

295

319

299

303

370

TOTAL INTEREST EXPENSE

11,556

9,450

5,106

3,733

3,542

4,519

5,258

6,632

8,425

9,680

13,122

NET INTEREST INCOME

46,890

47,385

34,511

30,976

29,799

21,585

17,645

18,500

21,958

23,930

19,908

PROVISION FOR LOAN LOSSES

-

-

-

1,516

-

-

-

-

-

-

-

PROVISION FOR LOAN LOSSES

438

-156

1,367

-

890

-194

-325

-2,597

-

-

-

PROVISION FOR (RECOVERY OF) LOAN LOSSES

-

-

-

-

-

-

-

-

6,218

15,634

5,472

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

46,452

47,541

33,144

29,460

28,909

21,779

17,970

21,097

15,740

8,296

14,436

NON-INTEREST INCOME
Fees on the sale of mortgages

753

497

0

0

-

-

-

-

-

-

-

Gain on the sale of securities

48

0

1

22

-

-

-

-

-

-

-

Service charges on deposit accounts

1,161

1,124

899

966

-

-

-

-

-

-

-

Other fees and income

3,457

3,080

2,172

2,234

-

-

-

-

-

-

-

Fees from pre-sold mortgages

-

-

-

-

-

-

73

296

183

226

328

Gain on the sale of securities

-

-

-

-

332

-46

0

0

-

-

-

Service charges on deposit accounts

-

-

-

-

1,056

996

1,061

1,200

1,475

1,641

2,000

Gain on branch sale

-

-

-

-

-

-

-

557

0

0

-

Other fees and income

-

-

-

-

1,904

1,725

1,495

1,545

1,159

811

770

TOTAL NON-INTEREST INCOME

5,419

4,701

3,072

3,222

3,292

2,675

2,629

3,598

2,817

2,678

3,098

NON-INTEREST EXPENSE
Personnel

20,278

18,304

14,552

12,711

12,180

10,213

8,111

8,318

8,842

9,370

8,706

Occupancy and equipment

3,695

3,666

2,192

2,304

2,232

1,726

1,518

1,346

-

-

-

Deposit insurance

184

628

357

-

-

-

-

-

-

-

-

Occupancy and equipment

-

-

-

-

-

-

-

-

1,418

1,557

1,560

Deposit insurance

-

-

-

393

498

404

430

763

910

956

1,307

Professional fees

1,886

1,394

1,181

977

1,218

1,238

1,155

1,495

1,861

2,141

1,069

CDI amortization

825

1,016

409

431

544

347

116

-

-

-

-

Merger/acquisition related expenses

406

1,826

2,166

0

378

1,941

428

0

-

-

-

Information systems

3,492

3,372

2,257

2,070

1,942

1,527

1,309

1,429

1,586

1,625

1,484

Foreclosure-related expenses

140

115

562

-

-

-

-

-

-

-

-

Foreclosure-related expenses

-

-

-

199

205

480

388

1,165

1,841

985

725

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

8,674

Other

4,234

4,229

3,643

3,196

3,033

2,784

2,400

2,720

2,647

2,579

2,524

TOTAL NON-INTEREST EXPENSE

35,140

34,550

27,319

22,281

22,230

20,660

15,855

17,236

19,105

19,213

26,049

INCOME BEFORE INCOME TAX

16,731

17,692

8,897

10,401

9,971

3,794

4,744

7,459

-548

-8,239

-8,515

INCOME TAXES

3,696

3,910

5,712

3,647

3,418

1,437

1,803

2,822

-385

-3,284

-73

NET INCOME

13,035

13,782

3,185

6,754

6,553

2,357

2,941

4,637

-163

-4,955

-8,442

DIVIDENDS ON PREFERRED STOCK

-

-

-

4

77

38

0

0

-

-

-

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

6,750

6,476

2,319

2,941

4,637

-

-

-

NET INCOME PER COMMON SHARE
Basic

0.69

0.87

0.27

0.58

0.56

0.26

0.43

0.67

-0.02

-0.72

-1.24

Diluted

0.68

0.87

0.27

0.58

0.56

0.26

0.43

0.67

-0.02

-0.72

-1.24

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic

19,016

15,812

11,763

11,610

11,502

8,870

6,918

6,898

6,887

6,875

6,834

Diluted

19,063

15,877

11,826

11,655

11,567

8,974

6,919

6,898

6,887

6,875

6,834