UNION BANKSHARES INC UNB Income Statement

Union bankshares inc (UNB)

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
Interest and fees on loans
8,291	8,605	8,502	8,200	7,902	8,028	7,482	7,374	6,999	7,155	6,893	6,608	6,322	6,452	6,355	6,254	5,995	5,978	5,962	5,859	5,732	5,926	5,900	5,828	5,762	5,935	5,944	5,787	5,668	5,968	6,066	5,840	5,810	5,933	5,751	5,389	5,196	5,375	5,340
Interest on debt securities:
Taxable
387	344	409	461	401	358	321	308	289	236	250	249	242	202	211	223	249	236	242	257	215	210	196	206	205	155	138	140	110	141	121	172	199	203	193	177	143	176	193
Tax exempt
157	145	131	111	131	141	145	146	145	148	159	162	165	162	144	146	137	114	109	106	107	99	96	91	81	72	71	70	70	90	93	92	88	87	85	81	73	74	74
Dividends
34	160	24	49	42	-27	65	55	40	53	42	27	45	33	27	18	17	3	16	9	15	13	24	16	15	17	17	13	16	19	8	6	18	8	2	1	4	1	0
Interest on federal funds sold and overnight deposits
53	60	19	50	61	16	26	9	53	50	15	19	30	28	12	6	5	2	1	4	8	10	6	4	4	6	3	10	13	16	4	3	4	9	9	10	6	7	4
Interest on interest bearing deposits in banks
41	42	46	52	55	55	56	51	45	38	38	36	35	37	37	41	45	45	43	41	40	40	36	39	45	48	59	59	60	58	63	72	77	79	78	76	76	95	110
Total interest and dividend income
8,963	9,356	9,131	8,923	8,592	8,571	8,095	7,943	7,571	7,680	7,397	7,101	6,839	6,914	6,786	6,688	6,448	6,378	6,373	6,276	6,117	6,298	6,258	6,184	6,112	6,233	6,232	6,079	5,937	6,292	6,355	6,185	6,196	6,319	6,118	5,734	5,498	5,728	5,721
Interest expense
Interest on deposits
1,309	1,286	1,198	1,176	1,065	922	842	574	533	500	453	396	422	422	363	412	425	397	375	434	476	429	424	421	472	463	476	486	518	557	580	619	660	686	754	712	673	740	756
Interest on borrowed funds
148	-	299	225	162	-	244	157	114	-	134	120	115	-	108	107	88	-	86	87	89	-	104	108	105	-	133	127	130	-	235	234	250	-	262	290	288	290	280
Total interest expense
1,457	1,491	1,497	1,401	1,227	1,117	1,086	731	647	615	587	516	537	558	471	519	513	478	461	521	565	521	528	529	577	589	609	613	648	773	815	853	910	929	1,016	1,002	961	1,030	1,036
Net interest income
7,506	7,865	7,634	7,522	7,365	7,454	7,009	7,212	6,924	7,065	6,810	6,585	6,302	6,356	6,315	6,169	5,935	5,900	5,912	5,755	5,552	5,777	5,730	5,655	5,535	5,644	5,623	5,466	5,289	5,519	5,540	5,332	5,286	5,390	5,102	4,732	4,537	4,698	4,685
Provision for loan losses
300	425	150	150	50	150	150	150	0	50	150	0	0	0	0	75	75	150	150	150	100	45	150	75	75	75	95	75	60	150	150	180	180	325	150	150	150	200	90
Net interest income after provision for loan losses
7,206	7,440	7,484	7,372	7,315	7,304	6,859	7,062	6,924	7,015	6,660	6,585	6,302	6,356	6,315	6,094	5,860	5,750	5,762	5,605	5,452	5,732	5,580	5,580	5,460	5,569	5,528	5,391	5,229	5,369	5,390	5,152	5,106	5,065	4,952	4,582	4,387	4,498	4,595
Noninterest income
Trust Income
173	173	168	183	168	-	195	191	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust income
-	-	-	-	-	-	-	-	193	191	179	191	178	214	171	180	172	181	171	190	177	177	183	191	175	172	155	154	163	155	154	159	147	144	132	149	132	126	108
Service fees
1,497	1,561	1,617	1,504	1,426	1,613	1,568	1,483	1,487	1,507	1,553	1,451	1,440	1,494	1,538	1,427	1,412	1,435	1,439	1,348	1,346	1,373	1,424	1,285	1,272	1,287	1,326	1,257	1,189	1,231	1,274	1,197	1,175	1,161	1,153	1,047	1,006	1,020	1,020
Available-for-sale Securities, Gross Realized Gain (Loss)
11	17	0	4	4	10	0	0	0	-	24	9	-	-	53	18	-	-	41	0	-	19	234	19	43	0	0	-4	3	629	0	2	42	0	173	10	0	0	0
Gain (Loss) on Sales of Loans, Net
812	1,014	824	683	374	525	596	431	295	541	657	597	508	702	921	775	500	657	700	785	729	503	653	508	433	514	541	583	667	1,172	1,301	668	473	576	483	339	168	334	219
Net (loss) gain on other investments
-124	-	-	-	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
149	204	123	78	198	78	93	47	496	100	93	85	107	143	121	197	102	113	182	203	83	49	215	123	30	61	177	130	134	379	159	142	66	174	71	112	95	76	128
Total noninterest income
2,518	2,907	2,732	2,452	2,232	2,398	2,452	2,152	2,471	2,323	2,506	2,333	2,233	2,553	2,804	2,597	2,186	2,398	2,533	2,526	2,335	2,121	2,709	2,126	1,953	2,034	2,199	2,120	2,156	3,566	2,888	2,168	1,903	2,055	2,012	1,657	1,401	1,556	1,475
Noninterest expenses
Salaries and wages
3,121	3,048	3,072	2,903	2,798	2,740	2,745	2,614	2,649	2,615	2,570	2,504	2,568	2,681	2,622	2,442	2,458	2,437	2,426	2,331	2,323	2,222	2,253	2,194	2,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefits
982	-	-	-	999	-	-	-	958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and wages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,320	2,235	2,157	2,249	2,235	2,235	2,234	2,021	2,100	1,892	1,730	1,682	1,592
Employee benefits
-	-	1,043	1,058	-	-	1,144	1,197	-	-	954	951	879	-	865	851	943	735	739	769	734	663	692	703	667	860	596	638	683	825	968	1,057	1,058	767	790	779	817	699	674
Occupancy expense, net
514	519	428	421	438	378	338	336	395	342	320	363	390	340	297	309	317	293	293	312	381	293	272	295	339	285	249	291	331	275	252	285	344	294	276	261	290	225	221
Equipment expense
740	720	625	565	565	560	528	511	535	619	532	523	534	512	553	541	509	529	479	460	407	441	436	410	387	398	385	388	426	408	396	341	345	338	319	267	296	279	244
Branch acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	307	-	0	0
Other expenses
1,815	1,740	1,833	1,860	1,727	1,648	1,770	1,648	1,598	1,652	1,565	1,530	1,570	1,722	1,687	1,665	1,476	1,206	1,737	1,684	1,545	1,958	1,899	1,684	1,539	1,924	1,559	1,670	1,582	2,429	1,894	1,645	1,560	1,978	1,598	1,513	1,447	1,252	1,338
Total noninterest expenses
7,172	7,121	7,001	6,807	6,527	10,311	6,525	6,306	6,135	6,152	5,941	5,871	5,941	6,121	6,024	5,808	5,703	5,200	5,674	5,556	5,390	5,577	5,552	5,286	5,179	5,719	5,109	5,222	5,179	6,186	5,745	5,563	5,541	5,029	5,145	5,019	4,580	4,137	4,069
Income before provision for income taxes
2,552	3,226	3,215	3,017	3,020	-609	2,786	2,908	3,260	3,186	3,225	3,047	2,594	2,788	3,095	2,883	2,343	2,948	2,621	2,575	2,397	2,276	2,737	2,420	2,234	1,884	2,618	2,289	2,206	2,749	2,533	1,757	1,468	2,091	1,819	1,220	1,208	1,917	2,001
Provision for income taxes
356	467	477	487	399	-173	475	458	513	1,264	855	820	664	443	827	744	584	1,021	571	558	513	391	611	501	470	356	545	492	469	551	552	319	241	358	392	189	180	457	475
Net Income (Loss) Attributable to Parent
2,196	2,759	2,738	2,530	2,621	-436	2,311	2,450	2,747	1,922	2,370	2,227	1,930	2,345	2,268	2,139	1,759	1,927	2,050	2,017	1,884	1,885	2,126	1,919	1,764	1,528	2,073	1,797	1,737	2,198	1,981	1,438	1,227	1,733	1,427	1,031	1,028	1,460	1,526
Earnings per common share
0.49	0.61	0.62	0.56	0.59	-0.10	0.52	0.54	0.62	0.43	0.53	0.50	0.43	0.53	0.51	0.48	0.39	0.44	0.45	0.46	0.42	0.43	0.47	0.43	0.40	0.34	0.47	0.40	0.39	0.50	0.44	0.32	0.28	0.39	0.32	0.23	0.23	0.33	0.34
Weighted average number of common shares outstanding
4,472	-	4,468	4,467	4,467	-	4,465	4,465	4,465	-	4,462	4,461	4,462	-	4,459	4,458	4,458	-	4,458	4,458	4,457	-	4,458	4,458	4,458	-	4,458	4,456	4,455	-	4,457	4,456	4,457	4,457	4,457	4,457	4,455	4,456,281	4,460,064
Dividends per common share
0.32	0.31	0.31	0.31	0.31	0.30	0.30	0.30	0.30	0.29	0.29	0.29	0.29	0.28	0.28	0.28	0.27	0.27	0.27	0.27	0.27	0.26	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25