Unity bancorp inc /nj/ (UNTY)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
INTEREST INCOME
Federal funds sold and interest-bearing deposits

906

773

851

214

39

44

39

72

61

87

FHLB stock

385

462

370

245

155

165

159

189

183

235

Securities:
Taxable

1,926

1,907

2,029

1,698

1,459

2,183

2,443

2,823

3,537

-

Tax-exempt

104

117

159

204

284

355

460

473

454

-

Available for sale

-

-

-

-

-

-

-

-

-

4,287

Held to maturity

-

-

-

-

-

-

-

-

-

1,117

Total securities

2,030

2,024

2,188

1,902

1,743

2,538

2,903

3,296

3,991

5,404

Loans:
SBA loans

3,780

4,338

3,805

3,181

2,693

2,467

2,660

3,430

4,665

5,264

SBA 504 loans

-

-

-

-

1,414

1,676

1,911

2,645

3,482

4,305

Commercial loans

37,577

33,886

28,150

25,256

21,357

19,329

17,322

16,982

17,492

18,130

Residential mortgage loans

22,483

18,837

14,650

12,205

11,048

8,898

7,013

6,445

7,107

7,684

Consumer loans

8,487

6,943

5,296

4,021

3,202

2,301

1,947

2,144

-

-

Consumer loans

-

-

-

-

-

-

-

-

2,542

2,926

Total loans

72,327

64,004

51,901

44,663

39,714

34,671

30,853

31,646

35,288

38,309

Total interest income

75,648

67,263

55,310

47,024

41,651

37,418

33,954

35,203

39,523

44,035

INTEREST EXPENSE
Interest-bearing demand deposits

1,795

1,202

665

537

438

430

383

486

571

737

Savings deposits

4,497

3,871

2,738

1,742

1,088

856

710

1,185

2,202

2,829

Time deposits

9,460

5,903

3,278

3,670

3,160

2,777

2,191

2,796

4,067

6,173

Borrowed funds and subordinated debentures

2,303

2,540

2,772

2,818

2,974

3,243

3,245

3,307

3,711

4,296

Total interest expense

18,055

13,516

9,453

8,767

7,660

7,306

6,529

7,774

10,551

-

Total interest expense

-

-

-

-

-

-

-

-

-

14,035

Net interest income

57,593

53,747

45,857

38,257

33,991

30,112

27,425

27,429

28,972

30,000

Provision for Loan and Lease Losses

2,100

2,050

1,650

1,220

500

2,550

2,350

4,000

6,800

7,250

Net interest income after provision for loan losses

55,493

51,697

44,207

37,037

33,491

27,562

25,075

23,429

22,172

22,750

NONINTEREST INCOME
Branch fee income

1,502

1,519

1,384

1,269

-

-

-

-

-

-

Branch fee income

-

-

-

-

1,520

1,469

1,505

1,528

1,445

1,424

Service and loan fee income

1,965

2,130

2,100

1,020

1,996

1,260

1,370

1,252

1,034

979

Gain on sale of S B A loans held for sale, net

909

1,680

1,617

2,099

1,204

975

628

688

962

500

Gain on sale of mortgage loans, net

2,090

1,719

1,530

2,621

1,674

1,139

1,650

2,274

951

1,052

Bank Owned Life Insurance Income

588

975

469

378

380

559

347

296

295

310

Net security (losses) gains

373

-199

62

424

-

-

-

-

-

-

Gain on sale of premises and equipment

766

0

0

-

-

-

-

-

-

-

Net security gains (losses)

-

-

-

-

28

433

390

573

303

85

Gain on repurchase of subordinated debt

-

-

-

2,264

0

-

-

-

-

-

Other income

1,346

1,207

1,108

985

927

844

714

727

671

719

Total noninterest income

9,539

9,031

8,270

11,060

7,729

6,679

6,604

7,338

5,661

5,069

NONINTEREST EXPENSE
Compensation and benefits

20,666

20,119

17,117

14,952

14,295

12,750

12,251

12,560

11,781

11,875

Occupancy

2,650

2,739

2,381

2,360

2,515

2,478

2,571

2,722

2,781

2,522

Processing and communications

2,924

2,788

2,551

2,628

2,461

2,461

2,309

2,180

2,104

2,139

Furniture and equipment

2,894

2,348

2,079

1,700

1,643

1,510

1,478

1,480

1,527

1,755

Professional services

1,061

934

1,022

976

942

748

828

789

817

737

Loan collection and OREO expenses

41

-361

463

-

-

-

-

-

-

-

Loan collection and OREO (recoveries) expenses

-

-

-

654

1,141

780

822

682

979

964

Other loan expenses

272

208

186

152

-

485

458

483

1,229

1,316

Deposit insurance

301

782

546

713

669

677

666

664

775

1,301

Advertising

1,358

1,411

1,179

1,095

1,030

998

747

839

727

624

Director fees

673

671

637

559

437

-

-

-

-

-

Other expenses

1,877

1,782

1,883

1,842

1,719

1,801

1,867

1,898

1,798

1,757

Total noninterest expense

34,717

33,421

30,044

27,631

26,852

24,688

23,997

24,297

24,518

24,990

Income before provision for income taxes

30,315

27,307

22,433

20,466

14,368

9,553

7,682

6,470

-

-

Income before provision for income taxes

-

-

-

-

-

-

-

-

3,315

2,829

Income Tax Expense (Benefit)

6,662

5,388

9,540

7,257

4,811

3,145

2,567

2,226

769

-

Provision for income taxes

-

-

-

-

-

-

-

-

-

589

Net Income (Loss) Attributable to Parent

23,653

21,919

12,893

13,209

9,557

6,408

5,115

4,244

2,546

2,240

Preferred stock dividends and discount accretion

-

-

-

-

-

-

988

1,602

1,558

1,520

Income available to common shareholders

-

-

-

-

-

-

4,127

2,642

988

720

Net income per common share - Basic (in dollars per share)

2.18

2.04

1.22

1.40

1.03

0.82

0.55

0.35

0.13

0.10

Net income per common share - Diluted (in dollars per share)

2.14

2.01

1.20

1.38

1.02

0.81

0.53

0.34

0.13

0.10

Weighted average common shares outstanding - Basic (in shares)

10,845

10,726

10,558

9,416

9,267

7,856

7,547

7,477

7,333

7,173

Weighted average common shares outstanding - Diluted (in shares)

11,029

10,916

10,749

9,572

9,382

7,945

7,810

7,794

7,735

7,447