Severn bancorp inc (SVBI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans

36,201

34,877

30,294

29,262

29,734

30,574

32,838

38,140

43,675

49,154

52,520

Securities

930

1,196

1,233

1,149

1,104

951

636

672

617

245

104

Other earning assets

2,679

1,587

697

339

315

291

318

245

209

134

34

Total interest income

39,810

37,660

32,224

30,750

31,153

31,816

33,792

39,057

44,501

49,533

52,658

Interest expense:
Deposits

7,350

5,688

4,037

4,033

4,050

3,928

4,706

7,541

10,405

13,735

19,782

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

12

Borrowings and subordinated debentures

1,953

2,915

3,593

4,528

4,942

4,706

4,478

4,961

5,182

5,594

6,257

Total interest expense

9,303

8,603

7,630

8,561

8,992

8,634

9,184

12,502

15,587

19,329

26,051

Net interest income

30,507

29,057

24,594

22,189

22,161

23,182

24,608

26,555

28,914

30,204

26,607

Provision for loan losses

-500

-300

-650

-350

-280

831

16,520

765

4,612

5,744

31,402

Net interest income after provision for loan losses

31,007

29,357

25,244

22,539

22,441

22,351

8,088

25,790

24,302

24,460

-4,795

Noninterest income:
Mortgage-banking revenue

3,747

2,561

1,507

3,654

3,764

1,600

3,318

1,945

-

-

-

Real estate commissions

1,834

1,707

1,358

1,529

-

-

-

-

-

-

-

Mortgage banking activities

-

-

-

-

-

-

-

-

576

843

-

Real estate commissions

-

-

-

-

1,319

1,034

528

644

657

594

690

Real estate management fees

627

674

675

738

658

742

686

655

625

573

677

Credit report and appraisal fees

-

-

464

380

-

-

-

-

-

-

-

Deposit service charges

2,189

1,552

538

-

-

-

-

-

-

-

-

Loan fee income

-

-

292

-

-

-

-

-

-

-

-

Title company revenue

1,126

1,045

219

-

-

-

-

-

-

-

-

ATM surcharges

239

195

-

-

-

-

-

-

-

-

-

Income from bank owned life insurance

152

161

-

-

-

-

-

-

-

-

-

Deposit service charges

-

-

-

227

-

-

-

-

-

-

-

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

316

Other noninterest income

350

534

185

543

1,205

949

997

879

652

735

818

Total noninterest income

10,264

8,429

5,238

7,071

6,946

4,325

5,529

4,123

2,510

2,745

2,501

Noninterest expense:
Compensation and related expenses

19,738

17,819

14,734

15,425

15,630

14,654

14,321

11,906

10,155

9,583

9,377

Occupancy

1,703

1,555

1,358

1,858

1,676

1,732

1,556

1,597

1,247

1,466

1,365

Legal fees

157

149

143

264

354

316

798

746

905

1,258

1,003

Write-downs, losses, and costs of real estate acquired through foreclosure, net

-

-

-

194

230

10

6,132

3,319

5,409

5,518

4,883

Write-downs, losses, and costs of real estate acquired through foreclosure, net of gains

172

83

132

-

-

-

-

-

-

-

-

Federal Deposit Insurance Corporation insurance premiums

116

229

115

582

1,234

1,331

1,389

1,444

1,670

1,948

2,156

Professional fees

1,147

498

462

905

887

921

1,119

719

-

-

-

Advertising

936

1,021

788

703

760

687

624

626

-

-

-

Data processing

1,508

1,098

907

747

864

-

-

-

-

-

-

Online charges

-

-

-

-

-

907

860

684

-

-

-

Credit report and appraisal fees

198

185

594

651

773

890

856

517

-

-

-

Licensing and software

946

596

423

453

-

-

-

-

-

-

-

Internal audit and compliance

338

242

-

-

-

-

-

-

-

-

-

Office expenses, printing, and postage

356

420

-

-

-

-

-

-

-

-

-

Telecommunications

378

326

-

-

-

-

-

-

-

-

-

Mortgage leads purchased

-

-

235

710

836

-

-

-

-

-

-

Other noninterest expense

1,968

2,019

2,751

1,592

1,518

2,288

2,417

1,969

4,664

4,901

4,078

Total noninterest expense

29,661

26,240

22,642

24,084

24,762

23,736

30,072

23,527

24,050

24,674

22,862

Net income before income tax provision

11,610

11,546

7,840

5,526

4,625

2,940

-16,455

6,386

2,762

2,531

-25,156

Income tax provision

3,236

2,977

5,022

-10,014

90

31

8,710

2,658

1,210

1,172

-9,928

Net income

8,374

8,569

2,818

15,540

4,535

2,909

-25,165

3,728

1,552

1,359

-15,228

Amortization of discount on Series B preferred stock

-

-

-

781

271

270

270

270

270

270

270

Dividends on preferred stock

-

70

280

1,441

2,105

2,072

1,170

1,240

1,450

1,450

1,430

Net income

8,374

8,499

2,538

13,318

2,159

567

-26,605

2,218

-168

-361

-16,928

Net income per common share - basic (in dollars per share)

0.66

0.68

0.21

1.16

0.21

0.06

-2.64

0.22

-0.02

-0.04

-1.68

Net income per common share - diluted (in dollars per share)

0.65

0.67

0.21

1.15

0.21

0.06

-2.64

0.22

-0.02

-0.04

-1.68