Select bancorp, inc. (SLCT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'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 INCOME
Loans

13,589

14,124

13,924

13,515

13,042

13,503

13,609

13,527

13,157

10,526

9,592

9,024

8,707

8,482

8,369

8,242

7,965

8,048

7,990

7,789

7,749

7,661

6,938

4,816

4,873

4,986

5,184

5,543

5,434

5,588

5,775

5,887

6,155

6,567

7,050

7,251

7,304

7,789

7,815

Federal funds sold and interest-earning deposits in other banks

168

258

581

456

543

678

422

307

211

130

143

119

88

68

52

60

77

27

13

6

25

67

32

31

27

42

51

54

57

51

41

36

36

40

29

22

18

25

18

Investments

421

434

503

601

465

363

351

353

354

325

307

326

330

327

334

343

390

350

409

467

468

260

571

414

414

429

365

371

387

351

382

402

428

479

505

525

593

614

691

TOTAL INTEREST INCOME

14,178

14,816

15,008

14,572

14,050

14,544

14,382

14,187

13,722

10,981

10,042

9,469

9,125

8,877

8,755

8,645

8,432

8,425

8,412

8,262

8,242

7,988

7,541

5,261

5,314

5,457

5,600

5,968

5,878

5,990

6,198

6,325

6,619

7,086

7,584

7,798

7,915

8,428

8,524

INTEREST EXPENSE
Money market, NOW and savings deposits

348

420

433

407

356

362

338

325

314

187

140

117

103

99

98

94

99

99

99

96

99

113

96

59

58

83

104

118

120

149

146

127

100

97

149

180

217

293

331

Time deposits

1,931

2,075

2,248

1,985

1,753

1,785

1,665

1,489

1,354

1,130

1,010

880

759

714

642

647

661

633

630

614

721

903

956

959

975

1,024

1,112

1,154

1,208

1,300

1,371

1,451

1,556

1,690

1,812

1,873

1,880

1,993

1,957

Short-term debt

87

6

4

26

26

43

75

81

129

108

177

63

9

-35

22

106

34

9

10

25

21

2

44

7

6

6

9

9

16

27

26

26

34

39

54

66

69

-

-

Other short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

-

Other short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

Long-term debt

352

447

455

457

458

454

452

363

221

80

30

137

176

207

147

65

133

149

139

100

98

123

73

73

72

73

74

74

74

77

80

80

82

77

74

74

74

81

74

TOTAL INTEREST EXPENSE

2,718

2,948

3,140

2,875

2,593

2,644

2,530

2,258

2,018

1,505

1,357

1,197

1,047

985

909

912

927

890

878

835

939

1,141

1,169

1,098

1,111

1,186

1,299

1,355

1,418

1,553

1,623

1,684

1,772

1,903

2,089

2,193

2,240

2,439

2,434

NET INTEREST INCOME

11,460

11,868

11,868

11,697

11,457

11,900

11,852

11,929

11,704

9,476

8,685

8,272

8,078

7,892

7,846

7,733

7,505

7,535

7,534

7,427

7,303

6,847

6,372

4,163

4,203

4,271

4,301

4,613

4,460

4,437

4,575

4,641

4,847

5,183

5,495

5,605

5,675

5,989

6,090

PROVISION FOR LOAN LOSSES

-

-

-

-

-

-

-

-

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PROVISION FOR LOAN LOSSES

2,273

302

231

-207

112

-

-459

557

-

276

202

1,083

-194

-

337

158

352

506

393

-139

130

177

105

-427

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PROVISION FOR (RECOVERY OF) LOAN LOSSES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-130

-375

-100

-

189

-649

-2,136

318

2,194

2,542

1,164

12,457

639

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

9,187

11,566

11,637

11,904

11,345

12,295

12,311

11,372

11,563

9,200

8,483

7,189

8,272

7,223

7,509

7,575

7,153

7,029

7,141

7,566

7,173

6,670

6,267

4,590

4,252

3,991

4,431

4,988

4,560

4,438

4,386

5,290

6,983

4,865

3,301

3,063

4,511

-6,468

5,451

NON-INTEREST INCOME
Fees on the sale of mortgages

293

148

218

230

157

204

109

158

26

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on the sale of securities

-

-

48

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

338

303

308

284

266

294

309

245

276

-

237

216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other fees and income

813

995

874

814

774

746

648

823

863

-

541

562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees from pre-sold mortgages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

12

62

129

53

75

39

49

47

61

26

73

54

Gain on the sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

22

113

0

134

85

-46

0

0

0

-

-48

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

215

-

249

246

247

260

274

263

259

268

276

226

226

250

263

276

272

285

306

291

318

354

363

376

382

370

438

Gain on branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

557

-

-

-

-

-

-

-

Gain on branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Other fees and income

-

-

-

-

-

-

-

-

-

-

-

-

515

-

536

585

597

543

298

544

519

538

450

339

398

383

360

467

285

602

398

276

269

238

233

455

233

205

178

TOTAL NON-INTEREST INCOME

1,444

1,446

1,448

1,328

1,197

1,244

1,066

1,226

1,165

786

778

778

730

740

785

831

866

916

572

941

863

760

726

565

624

680

575

755

619

1,016

757

1,199

626

641

643

892

641

648

670

NON-INTEREST EXPENSE
Personnel

5,632

5,152

5,124

5,031

4,971

4,443

4,464

4,656

4,741

3,887

3,549

3,702

3,414

3,246

3,176

3,087

3,202

3,064

3,044

3,011

3,061

2,856

3,101

2,101

2,155

2,003

2,022

1,997

2,089

2,268

2,042

2,047

1,961

2,182

1,985

2,284

2,391

2,335

2,312

Occupancy and equipment

931

973

1,073

922

727

1,068

849

861

888

573

555

492

572

548

575

607

574

577

543

565

547

458

487

396

385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit insurance

-12

-

-30

-

105

-

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Occupancy and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

414

372

329

-

325

311

358

350

348

358

362

393

390

Deposit insurance

-

-

-

90

-

-

-

213

165

-

75

75

72

56

76

135

126

106

125

106

161

154

45

103

102

111

111

61

147

190

191

187

195

203

209

235

263

241

233

Professional fees

372

503

518

483

382

382

322

420

270

399

211

251

320

227

263

252

235

237

239

387

355

300

345

310

283

263

274

342

276

253

303

470

469

399

329

503

630

571

400

CDI amortization

179

193

208

205

219

232

247

262

275

146

82

88

93

99

105

111

116

114

125

150

155

161

128

29

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger/acquisition related expenses

39

171

128

107

0

0

0

0

1,826

1,888

278

0

0

-

0

-

-

-

103

35

-

217

1,325

237

162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Information systems

1,038

974

852

877

789

599

726

1,045

1,002

650

569

534

504

527

510

524

509

531

527

521

363

513

347

320

347

326

319

326

338

349

345

368

367

376

383

441

386

356

355

Foreclosure-related expenses

5

109

-9

10

30

-

-22

91

-

-

300

-25

-

-

140

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreclosure-related expenses

-

-

-

-

-

-

-

-

12

-

-

-

16

-

-

-

39

49

97

35

24

109

60

40

271

56

143

67

122

158

355

521

131

531

311

700

299

96

26

Merger and restructuring related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Other

1,063

1,000

1,067

1,086

1,081

1,095

975

1,054

1,105

1,146

820

863

814

812

786

779

819

819

767

743

704

718

731

618

717

608

581

591

620

632

609

744

735

532

549

818

748

755

781

TOTAL NON-INTEREST EXPENSE

9,247

9,094

8,931

8,811

8,304

7,864

7,800

8,602

10,284

9,095

6,439

5,980

5,805

5,511

5,631

5,519

5,620

5,737

5,570

5,553

5,370

5,486

6,569

4,154

4,451

4,314

3,864

3,756

3,921

4,202

4,170

4,648

4,216

4,573

4,114

5,339

5,079

4,747

4,497

INCOME BEFORE INCOME TAX

1,384

3,918

4,154

4,421

4,238

5,675

5,577

3,996

2,444

891

2,822

1,987

3,197

2,452

2,663

2,887

2,399

2,208

2,143

2,954

2,666

1,944

424

1,001

425

357

1,142

1,987

1,258

1,252

973

1,841

3,393

933

-170

-1,384

73

-10,567

1,624

INCOME TAXES

280

877

915

973

931

1,221

1,256

886

547

2,936

1,043

651

1,082

847

924

980

896

570

792

1,133

923

666

230

388

153

117

493

728

465

517

341

683

1,281

334

-148

-523

-48

-3,956

549

NET INCOME

1,104

3,041

3,239

3,448

3,307

4,454

4,321

3,110

1,897

-2,045

1,779

1,336

2,115

1,605

1,739

1,907

1,503

1,638

1,351

1,821

1,743

1,278

194

613

272

240

649

1,259

793

735

632

1,158

2,112

599

-22

-861

121

-6,611

1,075

DIVIDENDS ON PREFERRED STOCK

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4

20

19

19

19

19

19

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

1,605

1,739

1,907

1,499

1,618

1,332

1,802

1,724

1,259

175

613

272

-

649

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME PER COMMON SHARE
Basic

0.06

0.17

0.17

0.18

0.17

0.24

0.27

0.22

0.14

-0.17

0.15

0.11

0.18

0.14

0.15

0.16

0.13

0.13

0.12

0.16

0.15

0.11

0.02

0.09

0.04

0.04

0.09

0.18

0.12

0.10

0.09

0.17

0.31

0.09

0.00

-0.13

0.02

-0.96

0.16

Diluted

0.06

0.16

0.17

0.18

0.17

0.25

0.27

0.22

0.13

-0.17

0.15

0.11

0.18

0.14

0.15

0.16

0.13

0.13

0.12

0.16

0.15

0.11

0.02

0.09

0.04

0.04

0.09

0.18

0.12

0.10

0.09

0.17

0.31

0.09

0.00

-0.13

0.02

-0.96

0.16

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic

18,255

18,404

19,028

19,318

19,315

19,360

15,858

14,019

14,011

12,074

11,662

11,662

11,652

11,637

11,627

11,594

11,583

11,582

11,521

11,481

11,426

11,439

10,195

6,923

6,921

6,917

6,921

6,921

6,914

6,906

6,913

6,913

6,859

6,860

6,861

6,913

6,913

6,908

6,846

Diluted

18,287

18,454

19,073

19,359

19,365

19,425

15,916

14,086

14,081

12,148

11,717

11,727

11,714

11,684

11,666

11,642

11,626

11,629

11,582

11,548

11,510

11,732

10,312

6,928

6,924

6,915

6,924

6,922

6,916

6,906

6,914

6,913

6,859

6,860

6,861

6,913

6,913

6,908

6,862