Two River Bancorp TRCB Income Statement

Two river bancorp (TRCB)

Income statement / Yearly

Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
Interest Income
Loans, including fees
41,726	35,801	32,798	30,624	28,913	28,773	29,190	29,409	29,578
Securities:
Taxable
1,175	988	776	782	972	1,020	1,167	1,170	1,222
Tax-exempt
1,108	1,101	917	623	431	448	398	364	374
Interest-bearing deposits
483	350	133	74	70	75	81	-	-
Federal funds sold and interest bearing deposits
-	-	-	-	-	-	-	-103	105
Total Interest Income
44,492	38,240	34,624	32,103	30,386	30,316	30,836	31,046	31,279
Interest Expense
Deposits
7,154	4,363	3,829	3,141	2,904	3,276	4,077	4,687	5,679
Securities sold under agreements to repurchase
58	66	61	68	65	79	107	118	165
FHLB and other borrowings
494	620	618	621	-	444	434	433	350
Long-term debt
-	-	-	-	483	-	-	-	-
Subordinated debt
660	658	656	33	-	-	-	-	-
Total Interest Expense
8,366	5,707	5,164	3,863	3,452	3,799	4,618	5,238	6,194
Net Interest Income
36,126	32,533	29,460	28,240	26,934	26,517	26,218	25,808	25,085
Provision for Loan and Lease Losses
775	1,530	515	490	621	910	1,380	2,205	3,100
Net Interest Income after Provision for Loan Losses
35,351	31,003	28,945	27,750	26,313	25,607	24,838	23,603	21,985
Total other-than-temporary impairment losses
-	-	-	-	-	-	85	-	111
Less: Portion included in other comprehensive income (pre-tax)
-	-	-	-	-	-	5	-	-
Net other-than-temporary impairment charges to earnings
-	-	-	-	-	-	80	-	-
Less: Portion included in other comprehensive income (pre-tax)
-	-	-	-	-	-	-	-	-39
Net other-than-temporary impairment charges to earnings
-	-	-	-	-	-	-	0	72
Service fees on deposit accounts
880	772	587	578	687	652	604	542	509
Mortgage banking
1,288	1,583	1,162	783	275	337	-	-	-
Other loan fees
902	588	610	214	405	360	775	499	633
Earnings from investment in bank owned life insurance
525	544	477	445	460	432	459	372	356
Death benefit on bank owned life insurance
0	0	862	0	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
1,197	1,052	868	561	398	109	187	101	-
Net gain on sale of securities
0	0	72	37	88	218	118	324	-
Gain on sale of premises and equipment
-	-	-	208	-	-	-	-	-
Net loss on sale of OREO properties
-	-	-	-	-	-	-	-	48
Other income
739	920	851	711	619	597	566	506	485
Total Non-Interest Income
5,531	5,459	5,489	3,537	2,932	2,705	2,629	2,344	1,959
Non-Interest Expenses
Salaries and employee benefits
15,941	14,046	12,844	12,486	11,514	10,980	10,915	10,539	9,460
Occupancy and equipment
4,147	4,241	4,117	3,942	3,466	3,497	3,200	3,205	-
Occupancy and equipment
-	-	-	-	-	-	-	-	3,339
Professional
1,603	1,497	1,198	982	845	892	754	851	936
Insurance
242	216	216	268	308	-	-	-	-
Insurance
-	-	-	-	-	-330	-345	-390	-383
FDIC insurance and assessments
497	467	412	433	509	545	553	673	975
Advertising
360	450	415	403	376	302	270	225	232
Data processing
738	553	554	475	392	495	748	641	613
Outside services fees
325	473	500	499	477	474	508	422	452
Amortization of Intangible Assets
0	0	9	48	86	125	163	201	239
OREO expenses, impairments and sales, net
5	48	-274	-70	-39	665	699	-	-
OREO expenses, OREO impairments and sales, net
-	-	-	-	-	-	-	270	529
Loan workout expenses
144	233	73	431	359	337	240	166	-
Other operating
1,684	1,718	1,411	1,458	1,374	1,538	1,452	1,510	1,322
Total Non-Interest Expenses
25,686	23,942	21,475	21,355	19,667	20,180	19,847	19,093	18,480
Income before Income Taxes
15,196	12,520	12,959	9,932	9,578	8,132	7,620	6,854	5,464
Income tax expense
3,990	6,018	4,328	3,585	3,561	2,973	2,805	2,546	1,849
Net Income (Loss) Attributable to Parent
11,206	6,502	8,631	6,347	6,017	5,159	4,815	4,308	3,615
Preferred stock dividend
-	-	-	57	117	261	448	814	576
Net Income available to common shareholders
-	-	-	6,290	5,900	4,898	4,367	3,494	3,039
Earnings Per Share [Abstract]
Earnings Per Share, Basic
1.32	0.78	1.04	0.76	0.74	0.61	0.55	0.44	0.39
Earnings Per Share, Diluted
1.29	0.75	1.01	0.74	0.73	0.60	0.54	0.44	0.39
Weighted average common shares outstanding