Two River Bancorp TRCB Income Statement

Two river bancorp (TRCB)

Income statement / Quarterly

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 Income
Loans, including fees
11,707	11,731	11,312	11,006	10,656	10,243	9,821	9,438	9,227	8,733	8,403	8,463	8,337	8,085	7,913	7,904	7,834	7,540	7,346	7,335	7,299	7,182	7,097	7,271	7,076	7,286	7,140	7,345	7,324	7,203	7,318	7,340	7,394	7,424	7,251	7,595	7,338
Securities:
Taxable
293	298	331	314	274	290	297	273	247	235	233	205	187	192	192	175	178	212	217	240	233	243	256	257	263	239	261	288	290	286	303	278	302	301	289	274	319
Tax-exempt
224	234	239	266	280	280	282	270	267	279	285	253	234	230	200	211	188	126	98	105	109	104	113	119	115	107	107	102	101	98	97	95	92	91	86	94	94
Interest-bearing deposits
260	216	187	190	132	94	67	93	83	102	72	49	19	32	33	16	18	25	15	19	14	23	14	20	19	16	20	24	15	21	21	-	-	-	-	-	-
Federal funds sold and interest bearing deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	-31	-27	-19	24	37
Total Interest Income
12,484	12,479	12,069	11,776	11,342	10,907	10,467	10,074	9,824	9,349	8,993	8,970	8,777	8,539	8,338	8,306	8,218	7,903	7,676	7,699	7,655	7,552	7,480	7,667	7,473	7,648	7,528	7,759	7,730	7,608	7,739	7,739	7,819	7,843	7,645	7,987	7,788
Interest Expense
Deposits
2,981	2,771	2,418	2,231	1,924	1,641	1,358	1,193	1,069	1,063	1,038	1,029	972	945	883	816	799	791	735	728	713	728	735	772	790	812	902	978	991	1,022	1,086	1,140	1,165	1,208	1,174	1,286	1,460
Securities sold under agreements to repurchase
10	9	11	15	14	15	14	16	18	17	15	17	15	15	14	17	19	16	16	18	17	15	15	17	19	21	22	26	26	27	28	27	28	32	31	39	42
FHLB and other borrowings
99	101	132	112	136	116	130	171	157	147	145	166	157	147	148	-	155	-	-	-	121	123	121	120	109	109	106	109	109	108	108	109	109	108	107	91	76
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debt
166	166	165	165	165	165	165	165	164	164	165	164	164	163	165	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Interest Expense
3,256	3,047	2,726	2,523	2,239	1,937	1,667	1,545	1,408	1,391	1,363	1,376	1,308	1,270	1,210	1,019	973	967	904	864	851	866	871	909	918	942	1,030	1,113	1,126	1,157	1,222	1,276	1,302	1,348	1,312	1,416	1,578
Net Interest Income
9,228	9,432	9,343	9,253	9,103	8,970	8,800	8,529	8,416	7,958	7,630	7,594	7,469	7,269	7,128	7,287	7,245	6,936	6,772	6,835	6,804	6,686	6,609	6,758	6,555	6,706	6,498	6,646	6,604	6,451	6,517	6,463	6,517	6,495	6,333	6,571	6,210
Provision for Loan and Lease Losses
125	100	425	0	150	225	400	675	255	375	225	-345	470	390	0	90	120	190	90	100	0	238	283	200	250	280	180	430	330	270	350	350	730	600	525	950	700
Net Interest Income after Provision for Loan Losses
9,103	9,332	8,918	9,253	8,953	8,745	8,400	7,854	8,161	7,583	7,405	7,939	6,999	6,879	7,128	7,197	7,125	6,746	6,682	6,735	6,804	6,448	6,326	6,558	6,305	6,426	6,318	6,216	6,274	6,181	6,167	6,113	5,787	5,895	5,808	5,621	5,510
Non-Interest Income
Non-Interest Income
360	337	-	-	363	384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	53	-	-	-	-	-	-	-
Less: Portion included in other comprehensive income (pre-tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	-	-	-	-	-	-
Net other-than-temporary impairment charges to earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	48	-	-	-	-	-	-	-
Service fees on deposit accounts
-	-	166	-	-	-	238	237	224	161	150	160	154	137	136	145	142	143	148	161	166	178	182	171	180	161	140	148	166	153	137	139	135	144	124	122	123
Mortgage banking
-	-	280	-	-	-	338	325	358	474	426	351	316	281	214	170	327	143	143	115	54	47	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loan fees
-	-	160	-	-	-	111	186	188	122	92	279	188	62	81	102	32	39	41	95	69	108	133	-227	228	158	201	185	221	194	175	158	117	115	109	96	149
Earnings from investment in bank owned life insurance
127	128	143	130	133	132	130	133	137	138	136	140	118	110	109	110	112	112	111	113	116	116	115	121	101	105	105	112	113	116	118	94	92	93	93	86	87
Death benefit on bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Death benefit on bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
42	130	206	276	203	387	331	235	306	394	117	293	116	365	94	252	32	101	176	14	106	118	160	0	24	0	85	0	0	187	0	-	20	81	-	-	-
Debt Securities, Available-for-sale, Realized Gain (Loss)
0	1	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of securities
-	-	-	-	-	-	-	-	-	-	-	0	0	0	72	0	9	13	15	-	19	-	-	65	0	0	153	-	-	-	0	-	324	-	-	0	-
Gain on sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	208	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of SBA loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net loss on sale of OREO properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	0	2
Other income
230	238	202	219	166	192	162	227	240	249	204	224	229	211	187	205	182	182	142	169	182	146	122	169	148	143	137	142	138	159	127	131	130	130	115	134	119
Total Non-Interest Income
1,124	1,232	1,157	1,370	1,355	1,496	1,310	1,343	1,453	1,538	1,125	1,447	1,983	1,166	893	984	836	941	776	736	712	713	771	636	681	567	821	705	606	761	557	527	818	563	436	438	480
Non-Interest Expenses
Salaries and employee benefits
3,756	3,942	3,841	4,022	4,024	4,010	3,885	3,492	3,641	3,460	3,453	3,235	3,309	3,195	3,105	3,168	3,198	3,102	3,018	2,933	2,842	2,877	2,862	2,727	2,777	2,747	2,729	2,740	2,774	2,701	2,700	2,582	2,634	2,702	2,621	2,169	2,448
Occupancy and equipment
1,076	1,030	1,042	1,048	966	1,043	1,090	1,026	1,112	1,049	1,054	1,033	1,056	1,033	995	1,002	964	999	977	872	868	838	888	835	803	901	958	883	780	758	779	-	797	-	-	-	-
Occupancy and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	789	833	809	816
Professional
355	472	434	343	432	488	340	395	366	395	341	310	273	280	335	264	272	232	214	273	191	167	214	255	204	270	163	239	167	153	195	202	242	220	187	263	241
Insurance
70	66	65	62	59	64	57	58	57	53	48	56	56	57	47	19	74	81	94	77	77	74	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	-85	-84	-77	-85	-84	-84	-92	-92	-99	-100	-99	-94	-102
FDIC insurance and assessments
0	114	124	123	128	123	123	113	123	108	123	88	114	105	105	109	119	114	91	136	113	138	122	120	156	152	117	142	139	131	141	140	143	163	227	248	252
Advertising
90	120	70	80	90	130	60	105	110	125	110	100	85	120	110	38	120	145	100	82	128	88	78	65	84	84	69	60	75	75	60	55	60	60	50	75	75
Data processing
209	174	188	228	184	174	152	147	151	125	130	149	135	135	135	123	110	124	118	109	95	93	95	88	115	140	152	225	189	173	161	164	160	163	154	156	161
Outside services fees
65	60	54	75	89	80	81	126	120	124	103	131	131	115	123	123	131	122	123	129	119	110	119	103	89	149	133	125	134	122	127	124	102	100	96	122	111
Amortization of Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	0	0	0	9	10	10	9	19	19	19	20	28	29	29	29	38	38	39	38	48	48	47	48	58	58	57
OREO expenses, impairments and sales, net
448	-154	4	13	7	-14	-1	4	25	22	-3	-3	-245	-45	19	91	-137	-22	-2	33	-7	74	-139	143	51	67	404	71	43	410	175	-	-	-	-	-	-
OREO expenses, OREO impairments and sales, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	176	-84	129	88	73
Loan workout expenses
8	17	-8	20	28	45	51	59	8	139	27	-69	44	18	80	153	65	127	86	142	59	70	88	133	33	76	95	39	110	57	34	-	5	37	-	-	-
Merger related expenses
828	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating
364	513	481	433	454	408	389	394	462	471	391	331	381	366	333	409	382	344	323	344	318	355	357	392	371	406	369	316	385	361	390	355	374	449	332	343	345
Total Non-Interest Expenses
7,269	6,354	6,295	6,447	6,461	6,551	6,227	5,919	6,175	6,071	5,777	5,360	5,339	5,379	5,397	5,509	5,308	5,377	5,161	5,149	4,822	4,904	4,792	4,974	4,797	5,105	5,304	4,963	4,919	5,063	4,902	4,721	4,839	4,747	4,786	4,425	4,681
Income before Income Taxes
2,958	4,210	3,780	-	3,847	3,690	3,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before Income Taxes
-	-	-	-	-	-	-	3,278	3,439	3,050	2,753	4,026	3,643	2,666	2,624	2,672	2,653	2,310	2,297	2,322	2,694	2,257	2,305	2,220	2,189	1,888	1,835	1,958	1,961	1,879	1,822	1,919	1,766	1,711	1,458	1,634	1,309
Income tax expense
843	1,162	997	1,143	1,000	1,040	807	2,943	1,202	922	951	1,459	999	939	931	921	961	849	854	863	1,006	837	855	806	809	683	675	718	727	693	667	717	661	633	535	539	471
Net Income (Loss) Attributable to Parent
2,115	3,048	2,783	3,046	2,834	2,650	2,676	335	2,237	2,128	1,802	2,567	2,644	1,727	1,693	1,751	1,692	1,461	1,443	1,459	1,688	1,420	1,450	1,414	1,380	1,205	1,160	1,240	1,234	1,186	1,155	1,202	1,105	1,078	923	1,095	838
Preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	15	15	15	27	30	30	30	30	66	60	105	130	31	150	137	126	402	143	143	145	143
Net Income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,739	1,677	1,446	1,428	1,432	1,658	1,390	1,420	1,384	1,314	1,145	1,055	1,110	1,203	1,036	1,018	1,076	703	935	780	950	695
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.25	0.35	0.32	0.36	0.33	0.31	0.32	0.04	0.27	0.25	0.22	0.31	0.32	0.21	0.20	0.19	0.21	0.18	0.18	0.17	0.21	0.18	0.18	0.18	0.16	0.14	0.13	0.14	0.15	0.13	0.13	0.13	0.09	0.12	0.10	0.12	0.09
Earnings Per Share, Diluted
0.24	0.35	0.32	0.35	0.33	0.30	0.31	0.03	0.26	0.25	0.21	0.30	0.31	0.20	0.20	0.17	0.21	0.18	0.18	0.19	0.20	0.17	0.17	0.17	0.16	0.14	0.13	0.13	0.15	0.13	0.13	0.13	0.09	0.12	0.10	0.12	0.09
Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic
8,619	8,596	8,583	-	8,513	8,488	8,447	-	8,393	8,372	8,341	-	8,322	8,322	8,314	-	7,929	7,929	7,936	-	7,922	7,921	7,974	-	8,073	8,029	7,993	-	7,951	7,942	7,956	-	7,923	7,881	7,854	7,802	7,553
Weighted Average Number of Shares Outstanding, Diluted
8,720	8,709	8,712	-	8,700	8,690	8,675	-	8,656	8,654	8,618	-	8,537	8,515	8,493	-	8,129	8,141	8,137	-	8,104	8,105	8,154	-	8,244	8,211	8,175	-	8,137	8,143	8,111	-	8,080	8,038	8,035	7,881	7,649
Service fees on deposit accounts
Non-Interest Income
197	173	-	-	236	239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking
Non-Interest Income
373	424	-	-	239	409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loan fees
Non-Interest Income
155	138	-	-	378	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-