Two River Bancorp TRCB Income Statement

Two river bancorp (TRCB)

Income statement / TTM

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
45,756	44,705	43,217	41,726	40,158	38,729	37,219	35,801	34,826	33,936	33,288	32,798	32,239	31,736	31,191	30,624	30,055	29,520	29,162	28,913	28,849	28,626	28,730	28,773	28,847	29,095	29,012	29,190	29,185	29,255	29,476	29,409	29,664	29,608	0	0	0
Securities:
Taxable
1,236	1,217	1,209	1,175	1,134	1,107	1,052	988	920	860	817	776	746	737	757	782	847	902	933	972	989	1,019	1,015	1,020	1,051	1,078	1,125	1,167	1,157	1,169	1,184	1,170	1,166	1,183	0	0	0
Tax-exempt
963	1,019	1,065	1,108	1,112	1,099	1,098	1,101	1,084	1,051	1,002	917	875	829	725	623	517	438	416	431	445	451	454	448	431	417	408	398	391	382	375	364	363	365	0	0	0
Interest-bearing deposits
853	725	603	483	386	337	345	350	306	242	172	133	100	99	92	74	77	73	71	70	71	76	69	75	79	75	80	81	0	0	0	-	-	-	-	-	-
Federal funds sold and interest bearing deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103	-53	15	0	0	0
Total Interest Income
48,808	47,666	46,094	44,492	42,790	41,272	39,714	38,240	37,136	36,089	35,279	34,624	33,960	33,401	32,765	32,103	31,496	30,933	30,582	30,386	30,354	30,172	30,268	30,316	30,408	30,665	30,625	30,836	30,816	30,905	31,140	31,046	31,294	31,263	0	0	0
Interest Expense
Deposits
10,401	9,344	8,214	7,154	6,116	5,261	4,683	4,363	4,199	4,102	3,984	3,829	3,616	3,443	3,289	3,141	3,053	2,967	2,904	2,904	2,948	3,025	3,109	3,276	3,482	3,683	3,893	4,077	4,239	4,413	4,599	4,687	4,833	5,128	0	0	0
Securities sold under agreements to repurchase
45	49	55	58	59	63	65	66	67	64	62	61	61	65	66	68	69	67	66	65	64	66	72	79	88	95	101	107	108	110	115	118	130	144	0	0	0
FHLB and other borrowings
444	481	496	494	553	574	605	620	615	615	615	618	607	0	0	-	0	-	-	-	485	473	459	444	433	433	432	434	434	434	434	433	415	382	0	0	0
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debt
662	661	660	660	660	659	658	658	657	657	656	656	492	328	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Interest Expense
11,552	10,535	9,425	8,366	7,388	6,557	6,011	5,707	5,538	5,438	5,317	5,164	4,807	4,472	4,169	3,863	3,708	3,586	3,485	3,452	3,497	3,564	3,640	3,799	4,003	4,211	4,426	4,618	4,781	4,957	5,148	5,238	5,378	5,654	0	0	0
Net Interest Income
37,256	37,131	36,669	36,126	35,402	34,715	33,703	32,533	31,598	30,651	29,962	29,460	29,153	28,929	28,596	28,240	27,788	27,347	27,097	26,934	26,857	26,608	26,628	26,517	26,405	26,454	26,199	26,218	26,035	25,948	25,992	25,808	25,916	25,609	0	0	0
Provision for Loan and Lease Losses
650	675	800	775	1,450	1,555	1,705	1,530	510	725	740	515	950	600	400	490	500	380	428	621	721	971	1,013	910	1,140	1,220	1,210	1,380	1,300	1,700	2,030	2,205	2,805	2,775	0	0	0
Net Interest Income after Provision for Loan Losses
36,606	36,456	35,869	35,351	33,952	33,160	31,998	31,003	31,088	29,926	29,222	28,945	28,203	28,329	28,196	27,750	27,288	26,967	26,669	26,313	26,136	25,637	25,615	25,607	25,265	25,234	24,989	24,838	24,735	24,248	23,962	23,603	23,111	22,834	0	0	0
Non-Interest Income
Non-Interest Income
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Less: Portion included in other comprehensive income (pre-tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Net other-than-temporary impairment charges to earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Service fees on deposit accounts
-	-	808	-	-	-	860	772	695	625	601	587	572	560	566	578	594	618	653	687	697	711	694	652	629	615	607	604	595	564	555	542	525	513	0	0	0
Mortgage banking
-	-	1,230	-	-	-	1,495	1,583	1,609	1,567	1,374	1,162	981	992	854	783	728	455	359	275	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loan fees
-	-	951	-	-	-	607	588	681	681	621	610	433	277	254	214	207	244	313	405	83	242	292	360	772	765	801	775	748	644	565	499	437	469	0	0	0
Earnings from investment in bank owned life insurance
528	534	538	525	528	532	538	544	551	532	504	477	447	441	443	445	448	452	456	460	468	453	442	432	423	435	446	459	441	420	397	372	364	359	0	0	0
Death benefit on bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Death benefit on bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
654	815	1,072	1,197	1,156	1,259	1,266	1,052	1,110	920	891	868	827	743	479	561	323	397	414	398	384	302	184	109	109	85	272	187	207	288	0	-	0	0	-	-	-
Debt Securities, Available-for-sale, Realized Gain (Loss)
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of securities
-	-	-	-	-	-	-	-	-	-	-	72	72	81	94	37	56	0	0	-	0	-	-	218	0	0	0	-	-	-	0	-	0	-	-	0	-
Gain on sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of SBA loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net loss on sale of OREO properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other income
889	825	779	739	747	821	878	920	917	906	868	851	832	785	756	711	675	675	639	619	619	585	582	597	570	560	576	566	555	547	518	506	509	498	0	0	0
Total Non-Interest Income
4,883	5,114	5,378	5,531	5,504	5,602	5,644	5,459	5,563	6,093	5,721	5,489	5,026	3,879	3,654	3,537	3,289	3,165	2,937	2,932	2,832	2,801	2,655	2,705	2,774	2,699	2,893	2,629	2,451	2,663	2,465	2,344	2,255	1,917	0	0	0
Non-Interest Expenses
Salaries and employee benefits
15,561	15,829	15,897	15,941	15,411	15,028	14,478	14,046	13,789	13,457	13,192	12,844	12,777	12,666	12,573	12,486	12,251	11,895	11,670	11,514	11,308	11,243	11,113	10,980	10,993	10,990	10,944	10,915	10,757	10,617	10,618	10,539	10,126	9,940	0	0	0
Occupancy and equipment
4,196	4,086	4,099	4,147	4,125	4,271	4,277	4,241	4,248	4,192	4,176	4,117	4,086	3,994	3,960	3,942	3,812	3,716	3,555	3,466	3,429	3,364	3,427	3,497	3,545	3,522	3,379	3,200	3,114	0	0	-	0	-	-	-	-
Occupancy and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,247	0	0	0
Professional
1,604	1,681	1,697	1,603	1,655	1,589	1,496	1,497	1,412	1,319	1,204	1,198	1,152	1,151	1,103	982	991	910	845	845	827	840	943	892	876	839	722	754	717	792	859	851	912	911	0	0	0
Insurance
263	252	250	242	238	236	225	216	214	213	217	216	179	197	221	268	326	329	322	308	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-330	-331	-330	-330	-345	-352	-367	-383	-390	-392	-395	0	0	0
FDIC insurance and assessments
361	489	498	497	487	482	467	467	442	433	430	412	433	438	447	433	460	454	478	509	493	536	550	545	567	550	529	553	551	555	587	673	781	890	0	0	0
Advertising
360	360	370	360	385	405	400	450	445	420	415	415	353	388	413	403	447	455	398	376	359	315	311	302	297	288	279	270	265	250	235	225	245	260	0	0	0
Data processing
799	774	774	738	657	624	575	553	555	539	549	554	528	503	492	475	461	446	415	392	371	391	438	495	632	706	739	748	687	658	648	641	633	634	0	0	0
Outside services fees
254	278	298	325	376	407	451	473	478	489	480	500	492	492	499	499	505	493	481	477	451	421	460	474	496	541	514	508	507	475	453	422	420	429	0	0	0
Amortization of Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	9	19	29	38	48	57	66	77	86	96	106	115	125	134	144	153	163	173	181	191	201	211	221	0	0	0
OREO expenses, impairments and sales, net
311	-130	10	5	-4	14	50	48	41	-229	-296	-274	-180	-72	-49	-70	-128	2	98	-39	71	129	122	665	593	585	928	699	0	0	0	-	-	-	-	-	-
OREO expenses, OREO impairments and sales, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270	309	206	0	0	0
Loan workout expenses
37	57	85	144	183	163	257	233	105	141	20	73	295	316	425	431	420	414	357	359	350	324	330	337	243	320	301	240	206	133	0	-	0	0	-	-	-
Merger related expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating
1,791	1,881	1,776	1,684	1,645	1,653	1,716	1,718	1,655	1,574	1,469	1,411	1,489	1,490	1,468	1,458	1,393	1,329	1,340	1,374	1,422	1,475	1,526	1,538	1,462	1,476	1,431	1,452	1,491	1,480	1,568	1,510	1,498	1,469	0	0	0
Total Non-Interest Expenses
26,365	25,557	25,754	25,686	25,158	24,872	24,392	23,942	23,383	22,547	21,855	21,475	21,624	21,593	21,591	21,355	20,995	20,509	20,036	19,667	19,492	19,467	19,668	20,180	20,169	20,291	20,249	19,847	19,605	19,525	19,209	19,093	18,797	18,639	0	0	0
Income before Income Taxes
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before Income Taxes
-	-	-	-	-	-	-	12,520	13,268	13,472	13,088	12,959	11,605	10,615	10,259	9,932	9,582	9,623	9,570	9,578	9,476	8,971	8,602	8,132	7,870	7,642	7,633	7,620	7,581	7,386	7,218	6,854	6,569	6,112	0	0	0
Income tax expense
4,145	4,302	4,180	3,990	5,790	5,992	5,874	6,018	4,534	4,331	4,348	4,328	3,790	3,752	3,662	3,585	3,527	3,572	3,560	3,561	3,504	3,307	3,153	2,973	2,885	2,803	2,813	2,805	2,804	2,738	2,678	2,546	2,368	2,178	0	0	0
Net Income (Loss) Attributable to Parent
10,992	11,711	11,313	11,206	8,495	7,898	7,376	6,502	8,734	9,141	8,740	8,631	7,815	6,863	6,597	6,347	6,055	6,051	6,010	6,017	5,972	5,664	5,449	5,159	4,985	4,839	4,820	4,815	4,777	4,648	4,540	4,308	4,201	3,934	0	0	0
Preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	72	87	102	117	120	156	186	261	361	326	416	448	444	815	808	814	833	574	0	0	0
Net Income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,290	5,983	5,964	5,908	5,900	5,852	5,508	5,263	4,898	4,624	4,513	4,404	4,367	4,333	3,833	3,732	3,494	3,368	3,360	0	0	0
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
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking
Non-Interest Income
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other loan fees
Non-Interest Income
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-