THE COMMUNITY FINANCIAL CORPORATION TCFC Income Statement

The community financial corporation (TCFC)

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 and Dividend Income
Loans, including fees
16,502	16,565	16,542	16,366	16,129	15,461	15,085	14,483	14,726	12,560	12,671	12,410	11,970	11,744	11,460	11,170	10,545	10,500	10,336	10,373	10,177	10,093	10,114	9,685	9,583	9,492	9,340	9,117	9,247	9,521	9,113	9,286	9,224	9,217	9,292	9,012	8,860	8,669	8,728
Interest and dividends on investment securities
1,469	1,508	1,606	1,677	1,623	1,536	1,311	1,211	1,095	999	988	973	946	835	758	752	763	705	661	560	547	565	550	565	590	613	632	631	590	667	768	815	881	867	832	889	969	1,128	1,160
Interest on deposits with banks
68	206	111	75	45	45	88	60	72	14	21	12	6	5	5	6	4	3	5	2	4	5	3	4	2	8	3	2	3	6	4	1	1	3	8	2	1	7	3
Total Interest and Dividend Income
18,039	18,279	18,259	18,118	17,797	17,042	16,484	15,754	15,893	13,573	13,680	13,395	12,922	12,584	12,223	11,928	11,312	11,208	11,002	10,935	10,728	10,663	10,667	10,254	10,175	10,113	9,975	9,750	9,840	10,195	9,886	10,102	10,108	10,088	10,134	9,904	9,831	9,805	9,893
Interest Expense
Deposits
3,044	3,777	3,867	3,966	3,768	3,486	2,835	2,405	1,956	1,712	1,563	1,403	1,268	1,209	1,209	1,182	1,095	1,054	1,068	1,042	988	1,084	1,135	1,159	1,208	1,249	1,336	1,445	1,551	1,822	2,001	2,197	2,412	2,741	2,772	2,595	2,608	2,702	2,691
Short-term borrowings
69	65	140	235	334	125	142	217	283	323	304	283	147	73	36	49	38	11	5	12	9	2	3	1	6	1	4	5	4	-19	0	15	15	13	11	10	14	6	6
Long-term debt
573	724	727	658	658	606	746	721	764	765	805	776	833	829	834	802	786	795	845	848	668	524	525	524	527	482	533	568	468	472	537	552	595	597	594	562	599	663	631
Total Interest Expense
3,686	4,566	4,734	4,859	4,760	4,217	3,723	3,343	3,003	2,800	2,672	2,462	2,248	2,111	2,079	2,033	1,919	1,860	1,918	1,902	1,665	1,610	1,663	1,684	1,741	1,732	1,873	2,018	2,023	2,275	2,539	2,765	3,023	3,351	3,378	3,168	3,222	3,372	3,329
Net Interest Income
14,353	13,713	13,525	13,259	13,037	12,825	12,761	12,411	12,890	10,773	11,008	10,933	10,674	10,473	10,144	9,895	9,393	9,348	9,084	9,033	9,063	9,053	9,004	8,570	8,434	8,381	8,102	7,732	7,817	7,919	7,347	7,337	7,084	6,736	6,756	6,736	6,609	6,432	6,563
Provision for loan losses
4,100	805	450	375	500	465	40	400	500	30	224	376	380	670	698	564	427	362	501	392	178	1,502	385	563	203	300	285	200	155	1,005	746	436	341	545	644	890	2,005	1,121	804
Net Interest Income After Provision For Loan Losses
10,253	12,908	13,075	12,884	12,537	12,360	12,721	12,011	12,390	10,743	10,784	10,557	10,294	9,803	9,446	9,331	8,966	8,986	8,583	8,641	8,885	7,551	8,619	8,007	8,231	8,081	7,817	7,532	7,662	6,914	6,601	6,900	6,743	6,191	6,111	5,845	4,603	5,311	5,758
Noninterest Income
Net gains on sale of investment securities
329	-	0	0	0	-	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on equity securities
75	-	35	65	56	-	-8	-78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan appraisal, credit, and miscellaneous charges
-	-	-	-	-	-	-	-	-	-	28	9	47	66	60	102	61	106	61	90	58	33	143	92	100	16	56	131	188	304	280	202	181	197	240	193	158	182	83
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	47	-	-	-	4	-	0	0	1	18	-	-	7	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22
Net (losses) gain on sale of OREO
-	-	-	-	-	-	-	-	-	-	-	9	27	-	3	-448	5	-	-2	-18	-	-	56	4	-	-	215	-	-	184	0	0	-96	-	38	0	-	-	-
Net gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	133	-	-	-	39	-	5	0	0	-1	-5	0	0	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on disposition of property plant equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-426	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	-	-	-
Income from bank owned life insurance
219	223	223	222	217	225	227	224	226	192	196	194	191	196	199	198	196	199	206	205	205	208	160	152	151	155	157	157	151	155	157	159	159	163	163	164	159	126	106
Service charges
-	-	-	-	-	-	-	-	-	-	639	660	610	625	580	882	588	599	627	677	585	582	555	524	552	582	661	632	471	565	528	465	536	503	518	539	426	471	442
Gain on sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	294	-	-	-	-	-	-	0	0	7	97	145	204	76	68	80	30	138	379	-	-	-	65	153	53	54	25	214	89
Gain on sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	336	69	-	-	-	-	-	-	-
Total Noninterest Income
2,121	2,213	1,239	1,253	1,061	1,066	1,070	901	1,031	957	1,157	1,052	875	1,327	842	777	850	909	466	962	962	1,225	1,118	855	895	797	1,119	1,069	1,189	1,364	1,302	896	846	1,443	1,026	952	770	994	744
Noninterest Expense
Compensation and benefits
5,188	5,408	5,353	4,881	4,803	4,633	4,739	5,129	5,047	4,191	4,056	4,198	4,313	4,193	4,268	4,197	4,152	4,148	4,185	3,888	4,145	3,891	3,939	3,992	4,029	3,637	3,737	3,590	3,557	3,503	3,492	3,170	3,319	2,853	2,801	2,675	2,751	2,450	2,398
Occupancy expense
734	812	730	753	806	867	744	739	766	691	630	658	653	666	597	636	589	593	599	605	630	584	568	654	565	582	505	569	483	504	487	464	437	489	459	467	417	403	466
Advertising
121	152	250	163	197	167	165	180	159	139	156	140	108	138	290	156	63	133	164	183	103	65	157	201	122	86	118	169	104	196	86	179	80	103	154	115	118	104	101
Data processing expense
928	780	793	755	720	786	769	782	683	588	555	634	577	589	544	580	554	544	475	507	518	429	475	381	271	322	237	366	364	432	329	421	368	472	262	288	282	269	248
Professional fees
626	649	523	606	418	293	442	426	352	472	510	360	320	455	308	380	425	403	353	272	295	362	249	288	230	340	293	265	197	263	177	343	225	309	237	233	217	143	285
Merger and acquisition costs
-	-	-	-	-	-	-	-	-	-	239	238	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger and acquisition costs
-	-	0	0	-	5	11	741	2,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of premises and equipment
158	165	165	166	189	202	207	202	199	192	191	204	199	204	206	206	196	195	210	204	201	205	181	182	185	184	191	198	192	193	188	162	134	126	106	102	99	138	134
Telephone communications
43	39	46	66	52	47	62	69	99	49	46	45	51	41	43	46	44	47	56	39	46	53	41	41	50	51	46	54	49	46	45	48	43	49	38	44	42	46	42
Office supplies
31	45	34	33	37	37	31	41	40	33	26	28	32	31	33	29	43	49	38	31	39	38	12	74	80	75	42	46	63	70	52	71	62	58	50	37	38	41	33
FDIC Insurance
170	-3	2	160	175	158	185	113	198	133	178	161	166	97	215	184	243	214	197	190	198	167	204	199	139	256	285	273	301	164	201	447	443	443	329	330	326	318	394
OREO valuation allowance and expenses
782	212	263	432	56	141	165	237	114	80	283	145	195	688	203	105	301	377	129	334	219	54	38	165	129	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Core deposit intangible amortization
157	163	169	175	181	187	193	199	205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation allowance on OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	19	311	16	31	326	300	1,304	342	0	315	-	287
Other
745	1,066	896	926	771	718	779	891	937	800	572	719	748	650	604	773	630	853	625	635	549	804	621	590	531	530	621	557	522	549	508	729	482	726	494	629	501	519	505
Total Noninterest Expense
9,683	9,488	9,224	9,116	8,405	8,241	8,492	9,749	11,667	7,703	7,442	7,530	7,379	7,752	7,311	7,292	7,240	7,556	7,031	6,888	6,943	6,652	6,485	6,767	6,331	6,349	6,246	6,106	6,143	5,942	5,600	6,363	5,897	6,937	5,277	4,923	5,111	4,437	4,899
Income before income taxes
2,691	5,633	5,090	5,021	5,193	5,185	5,299	3,163	1,754	3,997	4,499	4,079	3,790	3,378	2,977	2,816	2,576	2,339	2,018	2,715	2,904	2,124	3,252	2,095	2,795	2,529	2,690	2,495	2,708	2,336	2,303	1,433	1,692	697	1,860	1,874	262	1,868	1,603
Income tax (benefit) expense
-57	1,558	1,397	1,394	1,316	1,371	1,441	828	533	4,456	1,717	1,536	1,448	1,356	1,014	1,078	968	811	735	1,004	1,083	579	1,363	760	1,074	885	987	909	990	865	830	492	587	203	653	654	21	669	567
Net Income
2,748	4,075	3,693	3,627	3,877	3,814	3,858	2,335	1,221	-459	2,782	2,543	2,342	2,022	1,963	1,738	1,608	1,528	1,283	1,711	1,821	1,545	1,889	1,335	1,721	1,644	1,703	1,586	1,718	1,470	1,472	941	1,105	493	1,206	1,219	241	1,199	1,036
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	23	50	50	50	50	50	50	50	50	50	50	50	50	51	197	211	211	211	211
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,528	1,283	1,711	1,798	1,495	1,839	1,285	1,671	1,594	1,653	1,536	1,668	1,420	1,422	891	1,055	442	1,008	1,008	29	987	824
Net Income
2,748	4,075	3,693	3,627	3,877	3,814	3,858	2,335	1,221	-459	2,782	2,543	2,342	-	1,963	1,738	-	-	-	-	-	-	-	-	-	-	1,703	1,586	1,718	1,470	1,472	941	1,105	493	1,206	1,219	241	1,199	1,036
Net unrealized holding losses arising during period, net of tax of $(39) and $(40), respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	-226	68	49	-41	-121	-33	130	-97	-	-
Reclasssification adjustment for gains included in net income, net of tax of $(3) amd $0, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,643	1,244	1,541	990	1,063	372	1,173	1,349	144	-	-
Earnings Per Common Share
Basic (in dollars per share)
0.47	0.74	0.66	0.65	0.70	0.68	0.70	0.42	0.22	-0.10	0.60	0.55	0.51	0.43	0.43	0.38	0.35	0.33	0.28	0.37	0.38	0.31	0.40	0.28	0.36	0.29	0.55	0.51	0.55	0.46	0.47	0.29	0.35	0.16	0.33	0.33	0.01	0.33	0.28
Diluted (in dollars per share)
0.47	0.74	0.66	0.65	0.70	0.68	0.70	0.42	0.22	-0.10	0.60	0.55	0.51	0.44	0.42	0.38	0.35	0.33	0.27	0.37	0.38	0.32	0.39	0.28	0.36	0.28	0.55	0.51	0.54	0.46	0.47	0.29	0.35	0.15	0.33	0.33	0.01	0.33	0.27
Cash dividends paid per common share (in dollars per share)
-	-	-	-	-	-	-	-	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.00	-0.40	0.40	0.40	-0.40	0.00	0.40	0.40	-	-
Cash dividend paid per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.40
Loan appraisal, credit, and miscellaneous charges [Member]
Noninterest Income
14	-8	147	138	58	42	81	7	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges [Member]
Noninterest Income
982	916	834	828	730	794	770	747	752	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Referral Fee Income [Member]
Noninterest Income
502	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-