Severn bancorp inc (SVBI)
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'11Dec'10Sep'10Jun'10Mar'10
Interest income:
Loans

8,338

8,662

9,146

9,226

9,167

9,146

8,844

8,516

8,371

8,027

7,742

7,394

7,131

7,415

7,479

7,261

7,107

7,193

7,549

7,446

7,546

7,763

7,654

7,515

7,642

7,728

8,069

8,347

8,694

9,183

8,878

10,042

10,037

10,335

10,764

11,047

11,529

11,678

11,930

12,542

13,004

Securities

219

206

224

241

259

276

293

307

320

306

330

328

269

259

280

299

311

316

314

241

233

265

281

211

194

180

156

149

151

161

167

170

174

175

170

150

122

88

106

40

11

Other earning assets

359

321

484

757

1,117

800

423

178

186

199

167

174

157

88

83

82

86

73

69

92

81

58

65

82

86

75

96

79

68

68

59

64

54

48

57

57

47

43

47

14

30

Total interest income

8,916

9,189

9,854

10,224

10,543

10,222

9,560

9,001

8,877

8,532

8,239

7,896

7,557

7,762

7,842

7,642

7,504

7,582

7,932

7,779

7,860

8,086

8,000

7,808

7,922

7,983

8,321

8,575

8,913

9,412

9,104

10,276

10,265

10,558

10,991

11,254

11,698

11,809

12,083

12,596

13,045

Interest expense:
Deposits

1,797

1,851

1,732

1,898

1,869

1,750

1,531

1,274

1,133

1,113

1,011

938

975

1,031

1,019

1,004

979

995

1,032

1,019

1,004

1,004

968

970

986

1,072

1,170

1,209

1,255

1,473

1,779

2,039

2,250

2,352

2,557

2,658

2,838

3,108

3,465

3,582

3,580

Borrowings and subordinated debentures

364

410

473

481

589

671

684

800

760

749

897

951

996

1,035

1,106

1,097

1,290

1,269

1,252

1,224

1,197

1,232

1,185

1,160

1,129

1,132

1,131

1,155

1,060

1,114

1,248

1,297

1,302

1,307

1,299

1,288

1,288

1,340

1,441

1,398

1,415

Total interest expense

2,161

2,261

2,205

2,379

2,458

2,421

2,215

2,074

1,893

1,862

1,908

1,889

1,971

2,066

2,125

2,101

2,269

2,264

2,284

2,243

2,201

2,236

2,153

2,130

2,115

2,204

2,301

2,364

2,315

2,587

3,027

3,336

3,552

3,659

3,856

3,946

4,126

4,448

4,906

4,980

4,995

Net interest income

6,755

6,928

7,649

7,845

8,085

7,801

7,345

6,927

6,984

6,670

6,331

6,007

5,586

5,696

5,717

5,541

5,235

5,318

5,648

5,536

5,659

5,850

5,847

5,678

5,807

5,779

6,020

6,211

6,598

6,825

6,077

6,940

6,713

6,899

7,135

7,308

7,572

7,361

7,177

7,616

8,050

Provision for loan losses

750

-

-500

-

-

-

-300

-

-

0

0

-375

-275

-500

50

100

0

-480

0

100

100

400

250

-19

200

3,700

12,200

300

320

300

0

0

465

141

850

2,987

634

1,200

1,000

2,544

1,000

Net interest income after provision for loan losses

6,005

6,928

8,149

7,845

8,085

7,801

7,645

6,927

6,984

6,670

6,331

6,382

5,861

6,196

5,667

5,441

5,235

5,798

5,648

5,436

5,559

5,450

5,597

5,697

5,607

2,079

-6,180

5,911

6,278

6,525

6,077

6,940

6,248

6,758

6,285

4,321

6,938

6,161

6,177

5,072

7,050

Noninterest income:
Mortgage-banking revenue

1,634

832

1,108

1,087

720

591

740

635

595

357

334

281

535

961

1,042

930

721

1,486

859

949

470

655

306

438

201

278

794

1,209

1,037

-

521

336

-

-

-

-

-

-

-

-

-

Real estate commissions

310

544

430

378

482

554

408

360

385

399

311

268

380

-

455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

-

118

27

-

-

-

-

-

Real estate commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

673

118

423

298

491

107

356

229

189

260

170

150

96

112

156

128

152

208

236

187

123

111

204

160

137

93

Real estate management fees

165

157

144

162

164

147

157

187

183

162

197

122

194

174

214

185

165

167

166

167

158

163

167

158

254

155

175

181

175

188

147

176

144

156

168

159

142

135

154

151

133

Credit report and appraisal fees

-

-

-

-

-

-

-

-

-

66

137

191

70

-

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit service charges

561

568

565

547

509

485

426

346

295

273

190

41

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Title company revenue

238

285

362

262

217

294

316

293

142

-

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit service charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

-

202

99

122

Other noninterest income

117

-201

204

179

168

-120

214

247

193

-244

182

102

145

-60

54

303

246

169

146

725

165

-32

543

177

261

407

110

268

212

302

243

171

163

205

155

138

154

162

208

176

189

Total noninterest income

3,025

2,576

2,813

2,615

2,260

2,307

2,261

2,068

1,793

1,476

1,399

1,005

1,358

1,834

1,896

2,091

1,250

2,245

1,469

2,332

900

1,142

1,245

962

976

1,010

1,229

1,754

1,536

1,359

1,039

835

890

873

628

447

562

921

724

563

537

Noninterest expense:
Compensation and related expenses

5,461

5,239

5,065

4,909

4,525

4,460

4,661

4,420

4,278

4,015

3,288

3,674

3,757

4,047

3,928

3,814

3,636

3,971

3,758

4,091

3,810

3,804

3,608

3,605

3,637

3,668

3,525

3,603

3,525

3,053

2,863

2,930

3,060

2,487

2,543

2,511

2,614

2,158

2,467

2,452

2,506

Occupancy

518

520

379

389

415

404

416

391

344

343

354

325

336

624

333

449

452

421

377

453

425

460

421

418

433

313

331

471

441

1,064

189

169

175

375

316

301

255

308

405

434

319

Legal fees

166

23

59

26

49

70

37

31

11

39

41

35

28

47

81

6

130

155

70

67

62

89

55

68

104

164

212

232

190

235

161

215

135

229

239

253

184

270

379

268

341

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

52

-

35

52

-24

-53

2,576

1,367

1,287

902

526

895

681

1,217

733

1,242

1,489

1,945

1,190

1,065

1,622

1,641

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

74

-82

105

24

125

62

7

-18

32

-34

126

7

33

-

41

98

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Deposit Insurance Corporation insurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126

164

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreclosed real estate income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-52

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Deposit Insurance Corporation insurance premiums

-

-61

58

63

56

58

58

58

55

-18

69

66

-2

-

-

-

-

317

307

292

318

322

326

331

352

338

366

343

342

516

355

209

364

-25

553

582

560

225

594

561

568

Professional fees

303

309

255

443

140

175

109

105

109

85

124

118

135

309

189

235

172

207

179

235

266

164

302

264

191

196

419

295

209

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

220

301

235

213

187

270

302

216

233

139

198

245

206

204

158

208

133

329

88

201

142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing

460

398

414

354

342

293

286

255

264

246

237

228

196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Office supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

59

93

-

170

136

92

-

-

-

-

-

-

-

-

-

-

-

-

Online charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117

243

257

-

233

198

209

178

212

294

223

228

212

183

237

-

-

-

-

-

-

-

-

-

-

-

-

Credit report and appraisal fees

67

65

69

24

40

45

99

47

-6

116

203

172

103

171

148

229

103

127

170

346

130

153

296

268

173

231

245

211

169

-

-

-

-

-

-

-

-

-

-

-

-

Licensing and software

218

205

266

293

182

189

129

157

121

96

152

100

75

-

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of premises and equipment

-76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage leads purchased

-

-

-

-

-

-

-

-

-

1

48

91

95

-

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noninterest expense

689

-261

765

775

689

-231

853

691

706

594

681

763

713

-422

689

805

520

265

524

433

296

-608

391

1,952

553

619

574

582

642

-2,244

1,498

1,528

1,187

1,412

1,066

1,035

1,151

1,495

1,121

1,127

1,158

Total noninterest expense

8,252

7,728

7,670

7,513

6,750

6,783

6,957

6,353

6,147

5,622

5,521

5,824

5,675

6,125

6,130

6,251

5,578

6,963

5,838

6,368

5,593

5,041

5,754

7,235

5,706

8,559

7,421

7,343

6,749

5,696

5,961

5,732

6,138

5,211

5,959

6,171

6,709

5,646

6,031

6,464

6,533

Net income before income tax provision

778

1,776

3,292

2,947

3,595

3,325

2,949

2,642

2,630

2,524

2,209

1,563

1,544

1,905

1,433

1,281

907

1,080

1,279

1,400

866

1,551

1,088

-576

877

-5,470

-12,372

322

1,065

2,188

1,155

2,043

1,000

2,420

954

-1,403

791

1,436

870

-829

1,054

Income tax provision

213

568

911

771

986

724

784

724

745

2,872

950

581

619

802

378

-11,194

0

2

52

35

1

1

20

0

10

0

8,176

90

444

914

481

840

423

1,020

403

-557

344

627

385

-301

461

Net income

-

-

2,381

2,176

-

2,601

2,165

1,918

1,885

-348

1,259

982

925

1,103

1,055

12,475

907

1,078

1,227

1,365

865

1,550

1,068

-576

867

-5,470

-20,548

232

621

1,274

674

1,203

577

1,400

551

-846

447

809

485

-528

593

Amortization of discount on Series B preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

578

68

67

68

68

68

67

68

67

68

67

68

67

68

67

68

67

68

67

68

67

68

67

68

67

68

68

67

Dividends on preferred stock

-

-

-

-

-

0

0

0

70

70

70

70

70

71

448

396

526

526

526

526

527

527

526

526

493

293

292

293

292

292

293

293

362

363

362

363

362

363

362

362

363

Net income

565

1,208

2,381

2,176

2,609

2,601

2,165

1,918

1,815

-418

1,189

912

855

454

539

12,012

313

484

633

772

270

956

474

-1,169

306

-5,830

-20,908

-128

261

915

313

843

147

970

121

-1,276

17

379

55

-958

163

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

0.04

0.10

0.19

0.17

0.20

0.21

0.17

0.15

0.15

-0.04

0.10

0.08

0.07

0.07

0.04

1.02

0.03

0.04

0.06

0.08

0.03

0.10

0.05

-0.12

0.03

-0.58

-2.08

-0.01

0.03

0.10

0.03

0.08

0.01

0.10

0.01

-0.13

0.00

0.03

0.01

-0.10

0.02

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

0.04

0.09

0.19

0.17

0.20

0.20

0.17

0.15

0.15

-0.03

0.10

0.07

0.07

0.06

0.04

1.02

0.03

0.04

0.06

0.08

0.03

0.10

0.05

-0.12

0.03

-0.58

-2.08

-0.01

0.03

0.10

0.03

0.08

0.01

0.10

0.01

-0.13

0.00

0.03

0.01

-0.10

0.02

Common stock dividends declared per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00