Stewardship financial corp (SSFN)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest income:
Loans

31,514

28,385

23,724

22,644

21,119

22,651

24,056

26,312

27,290

Securities held-to-maturity:
Taxable

1,247

990

1,107

933

580

287

487

687

1,239

Nontaxable

98

197

345

471

648

756

817

878

918

Securities available-for-sale:
Taxable

2,618

2,196

1,673

1,374

2,444

2,485

2,923

3,316

3,219

Nontaxable

57

57

33

24

24

271

275

217

157

Other equity investments

99

96

-

-

-

-

-

-

-

FHLB dividends

228

203

124

123

94

92

108

122

135

Other interest-earning assets

138

106

79

40

25

29

41

42

26

Total interest income

35,999

32,230

27,085

25,609

24,934

26,571

28,707

31,574

32,984

Interest expense:
Deposits

5,293

3,189

2,292

2,068

1,807

2,336

3,402

4,860

6,624

Repurchase agreements

-

-

-

-

254

-

-

-

-

FHLB-NY Borrowings

968

1,177

716

850

642

-

-

-

-

Subordinated Debentures and Subordinated Notes

1,575

1,492

1,505

908

504

-

-

-

-

Borrowed money

-

-

-

-

-

1,477

1,773

2,104

2,154

Total interest expense

7,836

5,858

4,513

3,826

3,207

3,813

5,175

6,964

8,778

Net interest income before provision for loan losses

28,163

26,372

22,572

21,783

21,727

22,758

23,532

24,610

24,206

Provision for loan losses

-

-

-

-1,375

-50

-

-

-

-

Provision for loan losses

-1,615

655

-1,350

-

-

3,775

9,995

10,845

9,575

Net interest income after provision for loan losses

29,778

25,717

23,922

23,158

21,777

18,983

13,537

13,765

14,631

Noninterest income:
Fees and service charges

2,228

2,111

-

-

-

-

-

-

-

Fees and service charges

-

-

2,159

2,135

2,003

1,865

1,998

2,074

1,990

Bank owned life insurance

552

526

447

403

405

351

325

325

331

Gain on calls and sales of securities, net

-186

1

-

-

-

-

-

-

-

Gain on calls and sales of securities, net

-

-

63

169

165

153

2,340

1,161

1,081

Gain on sales of mortgage loans

70

178

164

141

72

649

887

1,209

671

Loss on sale of loans

-

-

-

-

-241

-372

0

-

-

Gains (Losses) on Sales of Other Real Estate

0

13

36

83

63

326

429

10

-

Gain on sales of SBA loans

193

0

-

-

-

-

-

-

-

Gain (loss) on equity investments

80

0

-

-

-

-

-

-

-

Gain on life insurance proceeds

-

-

-

-

-

537

0

-

-

Miscellaneous

480

478

542

562

493

456

410

391

314

Total noninterest income

3,417

3,307

3,411

3,493

2,960

3,965

6,389

5,170

4,387

Noninterest expenses:
Salaries and employee benefits

12,636

11,455

10,980

10,900

10,597

10,501

9,470

8,983

8,331

Occupancy, net

1,701

1,630

1,598

1,739

1,934

2,045

1,967

2,023

1,954

Equipment

746

673

609

655

687

794

971

970

1,129

Data processing

1,947

1,811

1,915

1,847

1,702

1,425

1,291

1,351

1,322

Advertising

715

700

669

839

820

558

537

446

523

FDIC insurance premium

277

322

317

423

580

876

612

714

976

Charitable contributions

910

615

375

290

180

130

86

398

-

Stationery and supplies

-

-

-

155

212

209

208

196

258

Legal

-

-

-

320

430

537

485

502

446

Bank-card related services

533

551

579

528

517

526

546

496

435

Other real estate owned, net

0

-24

-143

-298

-430

-143

-603

-95

-

Charitable contributions

-

-

-

-

-

-

-

-

360

Other real estate owned

-

-

-

-

-

-

-

-

61

Miscellaneous

2,680

2,520

2,717

2,185

2,144

2,094

2,877

2,492

2,155

Total noninterest expenses

22,145

20,301

19,902

20,179

20,233

19,838

19,653

18,666

17,950

Income before income tax expense

11,050

8,723

7,431

6,472

4,504

3,110

273

269

1,068

Income tax expense

3,020

4,776

2,695

2,272

1,419

640

-247

-415

-165

Net income

8,030

3,947

4,736

4,200

3,085

2,470

520

684

1,233

Dividends on preferred stock

-

-

-

456

683

633

352

-

-

Dividends on preferred stock and accretion

-

-

-

-

-

-

-

558

550

Net income available to common shareholders

-

-

-

3,744

2,402

1,837

168

126

683

Basic and diluted earnings per common share (in usd per share)

0.93

0.50

0.78

0.62

0.40

0.31

0.03

-

-

Weighted average number of basic and diluted common shares outstanding (in shares)

8,672

7,906

6,109

6,077

6,003

5,937

5,908

-

-

Basic earnings per common share

-

-

-

-

-

-

-

0.02

0.12

Diluted earnings per common share

-

-

-

-

-

-

-

0.02

0.12

Weighted average number of common shares outstanding

-

-

-

-

-

-

-

5,861

5,843

Weighted average number of diluted common shares outstanding

-

-

-

-

-

-

-

5,861

5,843