Summit Financial Group, Inc. SMMF Income Statement

Summit financial group, inc. (SMMF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	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 income
Interest and fees on loans
Taxable
25,089	24,624	24,786	24,184	22,906	22,520	21,154	20,820	20,222	19,878	19,387	19,550	15,550	15,651	14,009	13,488	13,291	13,112	12,855	12,854	12,733	12,562	12,943	12,428	12,145	12,448	12,469	12,734	12,834	13,436	13,572	13,960	14,280	14,287	14,656	14,892	15,075	16,161	16,533
Tax-exempt
146	148	154	168	145	140	141	142	144	152	103	167	121	129	133	134	145	153	128	118	115	105	89	87	71	58	63	65	70	76	76	81	86	75	61	64	65	78	81
Interest and dividends on securities
Interest Income, Securities, Operating, Taxable
1,758	1,652	1,566	1,607	1,686	1,502	1,227	1,240	1,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Income, Securities, Operating, Tax Exempt
552	543	618	789	900	1,024	1,140	1,063	1,019	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxable
-	-	-	-	-	-	-	-	-	-	1,283	1,330	1,128	-	1,138	1,063	1,084	1,022	933	1,092	1,282	1,128	1,084	1,199	1,282	1,275	896	926	1,030	1,096	1,340	1,554	1,699	1,817	2,105	2,574	2,609	2,874	3,140
Tax-exempt
-	-	-	-	-	-	-	-	-	-	1,114	1,019	723	-	621	594	642	664	610	593	612	657	640	628	570	576	616	581	634	607	594	671	721	893	816	551	434	434	452
Interest on interest bearing deposits with other banks
98	105	125	134	231	127	138	134	140	143	149	165	152	161	5	4	3	0	5	1	1	1	3	2	2	1	1	2	1	5	7	12	11	13	14	28	17	7	2
Total interest income
27,643	27,072	27,249	26,882	25,868	25,313	23,800	23,399	22,897	22,586	22,036	22,231	17,674	17,737	15,906	15,283	15,165	14,951	14,531	14,658	14,743	14,453	14,759	14,344	14,070	14,358	14,045	14,308	14,569	15,220	15,589	16,278	16,797	17,085	17,652	18,109	18,200	19,554	20,208
Interest expense
Interest on deposits
5,351	5,952	6,214	5,967	5,564	5,103	4,714	4,309	3,549	3,223	2,963	2,634	2,390	2,431	2,209	2,154	2,170	2,085	2,106	2,074	2,071	2,131	2,288	2,335	2,241	2,317	2,487	2,820	2,768	3,017	3,067	3,360	3,714	4,302	4,561	4,667	4,743	5,160	5,378
Interest on short-term borrowings
630	1,063	1,371	1,397	1,472	1,909	1,437	1,242	1,405	1,240	1,160	1,079	994	954	675	419	240	157	130	126	112	96	98	59	53	44	24	9	17	7	8	10	6	4	1	1	1	2	20
Interest on long-term borrowings and subordinated debentures
219	229	244	255	259	249	436	573	686	686	681	670	660	895	985	976	976	976	990	1,000	1,040	1,275	1,297	1,630	1,738	1,994	1,996	1,975	2,026	2,300	2,579	2,937	3,059	3,118	3,169	3,281	3,354	4,844	4,874
Total interest expense
6,200	7,244	7,829	7,619	7,295	7,261	6,587	6,124	5,640	5,149	4,804	4,383	4,044	4,280	3,869	3,549	3,386	3,218	3,226	3,200	3,223	3,502	3,683	4,024	4,032	4,355	4,507	4,804	4,811	5,324	5,654	6,307	6,779	7,424	7,731	7,949	8,098	10,006	10,272
Net interest income
21,443	19,828	19,420	19,263	18,573	18,052	17,213	17,275	17,257	17,437	17,232	17,848	13,630	13,457	12,037	11,734	11,779	11,733	11,305	11,458	11,520	10,951	11,076	10,320	10,038	10,003	9,538	9,504	9,758	9,896	9,935	9,971	10,018	9,661	9,921	10,160	10,102	9,548	9,936
Provision for credit losses
5,250	500	500	300	250	500	500	750	500	375	375	250	250	0	0	250	250	250	250	500	250	0	250	1,000	1,000	1,000	1,000	1,000	1,500	2,498	2,000	2,001	2,001	1,999	2,001	3,000	3,000	4,500	8,500
Net interest income after provision for loan losses
16,193	19,328	18,920	18,963	18,323	17,552	16,713	16,525	16,757	17,062	16,857	17,598	13,380	13,457	12,037	11,484	11,529	11,483	11,055	10,958	11,270	10,951	10,826	9,320	9,038	9,003	8,538	8,504	8,258	7,398	7,935	7,970	8,017	7,662	7,920	7,160	7,102	5,048	1,436
Noninterest income
Insurance commissions
7	91	40	606	1,174	1,132	1,062	1,013	1,113	1,006	1,043	988	968	992	1,016	1,090	924	851	983	1,080	1,128	1,023	1,105	1,091	1,181	1,056	1,057	1,132	1,184	1,082	1,052	1,141	1,158	1,004	1,073	1,142	1,242	1,227	1,223
Fees and Commissions, Fiduciary and Trust Activities
-	-	-	-	-	-	-	-	-	-	-	-	100	-	126	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service fees related to deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	683	-	1,138	1,059	978	1,126	1,111	1,072	976	1,114	1,147	1,101	1,043	1,123	1,106	1,085	1,012	1,092	1,074	1,075	1,014	1,102	1,078	1,057	888	763	828
Fees and Commissions, Credit and Debit Cards
-	-	-	-	-	-	-	-	-	-	-	-	534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments
1,038	402	453	1,086	-3	-205	8	87	732	-72	26	90	-58	290	61	383	393	421	373	170	480	150	128	-43	-22	123	132	-57	42	103	760	320	1,165	-	-	-	-	-	-
Gain (Loss) on Disposition of Business
-	-	0	1,906	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance income
264	311	247	248	238	248	250	249	275	259	255	253	250	282	258	258	256	259	259	261	261	265	266	270	270	-	-	-	238	-	-	-	275	-	-	-	131	-	-
Other
332	583	151	235	241	367	196	210	249	218	187	243	102	-121	150	139	255	-383	267	277	294	269	267	287	311	-164	606	570	326	-190	514	552	309	-110	510	484	230	556	511
Total other-than-temporary impairment loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-1	38	27	91	660	-233	370	511	1,463	1,684	1,304	1,828	184	-
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-37	-117	-194	-264	-282	-1,062	-1,200	-771	-600	-75	-
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-1	38	27	54	77	39	106	229	401	484	533	1,228	109	-
Total noninterest income
4,502	4,404	3,759	6,810	4,230	4,187	4,211	4,148	4,876	3,932	4,000	3,916	2,579	3,000	2,749	3,045	2,806	2,869	2,993	2,860	3,139	2,822	2,913	2,705	2,783	2,895	2,863	2,703	2,748	6,987	3,361	828	1,703	8,345	2,187	1,855	-481	2,420	1,807
Noninterest expenses
Salaries, commissions and employee benefits
7,672	7,099	7,044	7,576	7,347	6,929	6,806	6,922	6,821	6,520	6,610	6,758	5,187	5,308	4,819	4,764	4,682	4,530	4,479	4,442	4,187	4,134	4,026	4,045	3,980	4,024	4,050	3,987	4,117	3,799	3,940	3,892	3,901	3,847	3,959	4,055	3,972	3,999	3,965
Net occupancy expense
883	814	799	880	924	836	856	840	832	771	847	826	567	521	525	512	540	480	496	489	499	495	482	505	541	467	454	476	456	494	476	490	479	472	473	481	509	498	509
Equipment expense
1,429	1,278	1,296	1,219	1,179	1,139	1,118	1,071	1,083	1,095	1,093	1,031	735	701	716	686	656	617	582	560	535	487	520	513	566	568	578	559	598	577	573	605	594	593	589	581	580	620	634
Professional fees
387	412	388	475	403	386	503	385	333	355	373	354	285	344	270	429	472	507	402	372	335	451	380	282	316	307	263	360	251	311	292	242	316	718	265	193	197	223	262
Marketing and Advertising Expense
152	213	177	155	153	193	170	188	103	185	137	148	108	135	93	118	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
429	401	404	420	476	409	413	413	436	436	448	429	97	97	50	50	50	50	50	50	50	49	50	63	88	87	88	88	88	87	88	88	88	87	88	88	88	88	88
FDIC premiums
165	0	0	88	0	140	210	240	240	250	310	295	210	75	200	300	300	270	300	320	330	315	480	495	502	502	503	515	540	535	510	500	522	564	580	586	693	715	625
Bank card expense
503	453	455	473	439	395	384	361	335	-	395	381	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosed properties expense, net of losses
966	264	305	1,545	384	506	169	350	325	-	233	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosed properties expense
-	-	-	-	-	-	-	-	-	-	-	-	104	-	100	93	124	150	168	158	208	239	298	229	254	209	262	295	279	270	356	233	362	223	389	412	434	671	244
(Gain) loss on sale of foreclosed properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103	-150	-628	-70	-54	-75	28	17	-523	-40	-	16	-	-	-	-	-	-	-	-
(Gain) loss on sales of foreclosed properties, net
-	-	-	-	-	-	-	-	-	-	-	-	156	-	169	276	6	-	-35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized securities gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,517	318	1,628	67	1,256
Loss on sales of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-523	-77	-	130	76	71	-84	183
Impairment of Real Estate
-	-	-	-	-	-	-	-	-	-	91	29	418	166	134	259	109	637	1,046	160	572	301	1,580	962	928	645	654	1,494	929	748	2,571	1,631	1,912	882	1,637	689	3,443	-	2,194
Litigation Settlement
-	-	-	-	-	-	-	-	-	0	0	0	9,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
788	98	74	382	63	58	86	0	0	14	11	1,455	109	588	80	153	112	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1,625	2,127	1,864	2,116	2,492	1,475	1,643	1,965	1,806	1,548	1,990	2,035	1,452	583	1,601	1,349	1,416	1,071	1,314	1,407	1,338	1,587	1,299	1,382	1,248	1,644	1,396	1,241	1,264	1,349	1,237	1,245	1,277	1,329	1,230	1,376	634	1,379	1,455
Total noninterest expenses
14,999	13,159	12,806	15,329	13,860	12,466	12,358	12,735	12,314	12,346	12,447	13,936	19,016	9,392	8,419	8,437	8,554	8,495	8,872	8,061	8,204	9,111	9,185	8,530	8,498	8,425	8,231	9,538	8,562	12,406	10,027	7,295	7,539	14,189	7,573	7,772	7,107	8,193	7,782
Income before income tax expense
5,696	10,573	9,873	10,444	8,693	9,273	8,566	7,938	9,319	8,648	8,410	7,578	-3,057	7,065	6,367	6,092	5,781	5,857	5,176	5,757	6,205	4,662	4,554	3,495	3,323	3,473	3,170	1,669	2,444	1,979	1,269	1,503	2,181	1,818	2,534	1,243	-486	-725	-4,539
Income Tax Expense (Benefit)
1,190	2,424	1,812	1,880	1,601	1,823	1,667	1,658	1,876	6,325	2,480	2,300	-1,441	2,354	2,086	1,849	1,719	1,711	1,515	1,747	1,920	1,463	1,218	1,063	934	687	898	452	651	-126	272	590	483	337	598	338	-238	-598	-1,661
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
4,506	8,149	8,061	8,564	7,092	7,450	6,899	6,280	7,443	2,323	5,930	5,278	-1,616	4,711	4,281	4,243	4,062	4,146	3,661	4,010	4,285	3,199	3,336	2,432	2,389	2,786	2,272	1,217	1,793	2,105	997	913	1,698	-	1,936	-	-	-	-
Net Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	905	-248	-127	-2,878
Dividends on preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	192	193	193	193	193	194	194	194	195	194	194	194	149	74	74	74	74	74
Net income (loss) applicable to common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,062	4,146	3,661	4,010	4,285	3,007	3,143	2,239	2,196	2,593	2,078	1,023	1,599	1,910	803	719	1,504	1,332	1,862	831	-322	-201	-2,952
Earnings Per Share, Basic
0.35	0.66	0.65	0.68	0.56	0.60	0.56	0.51	0.60	0.24	0.48	0.43	-0.15	0.44	0.40	0.40	0.38	0.35	0.34	0.38	0.49	0.39	0.42	0.30	0.29	0.34	0.28	0.14	0.22	0.25	0.11	0.10	0.20	0.18	0.25	0.11	-0.04	-0.03	-0.40
Earnings Per Share, Diluted
0.35	0.64	0.65	0.68	0.56	0.60	0.55	0.51	0.60	0.24	0.48	0.43	-0.15	0.43	0.40	0.40	0.38	0.37	0.34	0.38	0.41	0.32	0.35	0.25	0.25	0.28	0.24	0.13	0.19	0.23	0.10	0.09	0.18	0.18	0.24	0.11	-0.04	-0.03	-0.40
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
665	734	632	612	586	627	687	672	667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax
1,263	1,378	1,312	1,224	1,180	1,209	1,215	1,116	1,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax
933	905	924	893	814	809	793	801	749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-