UNITY BANCORP INC /NJ/ UNTY Income Statement

Unity bancorp inc /nj/ (UNTY)

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 INCOME
Federal funds sold and interest-bearing deposits
188	182	271	232	221	210	187	171	205	257	262	203	129	79	50	41	44	13	11	6	9	13	12	10	9	9	9	7	14	16	13	11	32	35	6	9	11	21	29
FHLB stock
109	110	82	77	116	104	101	123	134	119	85	73	93	71	67	55	52	37	36	38	44	38	40	40	47	40	40	35	44	44	50	44	51	36	46	35	66	65	49
Securities:
Taxable
511	527	463	461	475	466	465	484	492	488	512	538	491	452	456	427	363	360	349	363	387	444	461	552	726	585	591	620	647	644	694	733	752	-	-	-	-	-	-
Tax-exempt
22	22	26	27	29	28	28	30	31	31	40	44	44	44	43	55	62	70	71	71	72	79	81	90	105	106	109	125	120	103	108	120	142	-	-	-	-	-	-
Available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	804	891	864	1,071	1,054
Held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	157	180	287	270	250
Total securities
533	549	489	488	504	494	493	514	523	519	552	582	535	496	499	482	425	430	420	434	459	523	542	642	831	691	700	745	767	747	802	853	894	808	961	1,071	1,151	1,341	1,304
Loans:
SBA loans
985	900	943	942	995	974	1,050	1,131	1,183	1,023	1,042	886	854	850	822	788	721	713	696	605	679	605	636	643	583	519	586	778	777	779	881	846	924	995	1,243	1,191	1,236	1,225	1,300
SBA 504 loans
-	-	-	-	-	-	-	-	-	-	-	-	301	-	321	344	385	346	353	369	346	425	419	433	399	408	411	441	651	548	647	691	759	855	838	834	955	1,093	1,091
Commercial loans
9,933	9,684	9,467	9,357	9,069	9,167	8,784	8,209	7,726	7,891	7,211	6,882	6,166	7,582	6,138	5,860	5,676	5,637	5,378	5,276	5,066	5,064	4,926	4,738	4,601	4,684	4,387	4,250	4,001	4,270	4,313	4,216	4,183	4,188	4,417	4,581	4,306	4,454	4,488
Residential mortgage loans
5,770	5,782	5,606	5,535	5,560	5,172	4,803	4,522	4,340	4,046	3,636	3,584	3,384	3,188	3,138	2,937	2,942	2,939	2,811	2,716	2,582	2,461	2,327	2,052	2,058	1,953	1,861	1,649	1,550	1,577	1,631	1,582	1,655	1,605	1,825	1,846	1,831	1,808	1,959
Consumer loans
2,067	2,105	2,197	2,150	2,035	1,939	1,776	1,699	1,529	1,490	1,407	1,267	1,132	1,064	1,046	980	931	880	849	774	699	673	589	544	495	462	480	496	509	521	534	529	560	-	-	-	-	-	-
Consumer loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	611	616	629	686	719	724
Total loans
18,755	18,471	18,213	17,984	17,659	17,252	16,413	15,561	14,778	14,149	13,296	12,619	11,837	11,634	11,465	10,909	10,655	10,515	10,087	9,740	9,372	9,228	8,897	8,410	8,136	8,026	7,725	7,614	7,488	7,695	8,006	7,864	8,081	8,254	8,939	9,081	9,014	9,299	9,562
Total interest income
19,585	19,312	19,055	18,781	18,500	18,060	17,194	16,369	15,640	15,044	14,195	13,477	12,594	12,280	12,081	11,487	11,176	10,995	10,554	10,218	9,884	9,802	9,491	9,102	9,023	8,766	8,474	8,401	8,313	8,502	8,871	8,772	9,058	9,133	9,952	10,196	10,242	10,726	10,944
INTEREST EXPENSE
Interest-bearing demand deposits
478	506	438	442	409	389	330	259	224	183	168	161	153	147	129	124	137	121	108	103	106	112	98	109	111	102	90	90	101	119	108	123	136	152	137	143	139	148	188
Savings deposits
851	996	1,194	1,188	1,119	1,103	1,049	943	776	744	733	678	583	537	458	381	366	298	255	271	264	270	216	188	182	186	183	164	177	251	293	287	354	501	536	584	581	639	728
Time deposits
2,447	2,439	2,577	2,437	2,007	1,861	1,739	1,303	1,000	837	823	814	804	845	920	954	951	910	839	725	686	715	725	693	644	598	510	537	546	575	619	689	913	946	979	1,045	1,097	1,450	1,687
Borrowed funds and subordinated debentures
565	608	442	504	749	543	509	720	768	780	654	674	664	696	701	686	735	686	730	750	808	817	820	807	799	817	820	808	800	820	824	816	847	861	947	953	950	1,077	1,078
Total interest expense
4,341	4,549	4,651	4,571	4,284	3,896	3,627	3,225	2,768	2,544	2,378	2,327	2,204	2,225	2,208	2,145	2,189	2,015	1,932	1,849	1,864	1,914	1,859	1,797	1,736	1,703	1,603	1,599	1,624	1,765	1,844	1,915	2,250	-	-	-	-	-	-
Total interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,599	2,725	2,767	3,314	3,681
Net interest income
15,244	14,763	14,404	14,210	14,216	14,164	13,567	13,144	12,872	12,500	11,817	11,150	10,390	10,055	9,873	9,342	8,987	8,980	8,622	8,369	8,020	7,888	7,632	7,305	7,287	7,063	6,871	6,802	6,689	6,737	7,027	6,857	6,808	6,673	7,353	7,471	7,475	7,412	7,263
Provision for Loan and Lease Losses
1,500	500	750	350	500	500	500	550	500	500	500	400	250	200	420	400	200	100	200	0	200	850	550	550	600	800	600	300	650	800	1,000	1,000	1,200	1,150	1,400	1,750	2,500	1,500	1,500
Net interest income after provision for loan losses
13,744	14,263	13,654	13,860	13,716	13,664	13,067	12,594	12,372	12,000	11,317	10,750	10,140	9,855	9,453	8,942	8,787	8,880	8,422	8,369	7,820	7,038	7,082	6,755	6,687	6,263	6,271	6,502	6,039	5,937	6,027	5,857	5,608	5,523	5,953	5,721	4,975	5,912	5,763
NONINTEREST INCOME
Branch fee income
317	383	373	378	368	413	357	419	330	-	355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Branch fee income
-	-	-	-	-	-	-	-	-	-	-	344	331	-	321	286	333	402	399	373	346	362	388	342	377	412	398	348	347	397	383	362	386	390	374	337	344	359	331
Service and loan fee income
376	432	522	569	442	690	465	411	564	628	448	512	512	224	274	267	255	928	306	466	296	388	292	285	295	396	351	319	304	297	366	287	302	194	213	384	243	251	245
Gain on sale of S B A loans held for sale, net
473	355	0	238	316	298	253	582	547	268	385	479	485	515	639	637	308	533	308	0	363	342	295	255	83	21	280	86	241	262	46	223	157	114	338	399	111	269	147
Gain on sale of mortgage loans, net
1,051	565	545	630	350	277	597	421	424	342	392	264	532	704	609	593	715	-283	926	687	344	323	263	188	365	312	314	547	477	748	662	453	411	445	250	87	169	247	112
Bank Owned Life Insurance Income
173	152	138	147	151	165	464	175	171	181	111	89	88	94	97	93	94	96	95	95	94	-33	400	96	96	102	100	75	70	76	74	73	73	74	74	74	73	79	78
Net security (losses) gains
-170	157	18	98	100	-193	2	7	-15	-	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net security gains (losses)
-	-	-	-	-	-	-	-	-	-	-	16	0	-	11	81	94	-	0	28	-	55	0	268	110	22	34	108	226	59	7	283	224	-49	266	-39	125	35	4
Gain on repurchase of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,264	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
325	-414	1,114	351	295	304	341	297	265	271	264	317	256	269	222	277	217	244	241	244	198	223	215	206	200	206	173	175	160	169	236	160	162	137	139	205	190	220	253
Total noninterest income
2,545	2,396	2,710	2,411	2,022	1,954	2,479	2,312	2,286	2,037	2,008	2,021	2,204	2,373	2,173	2,234	4,280	1,920	2,275	1,893	1,641	1,660	1,853	1,640	1,526	1,471	1,650	1,658	1,825	2,008	1,774	1,841	1,715	1,305	1,654	1,447	1,255	1,460	1,170
NONINTEREST EXPENSE
Compensation and benefits
5,439	5,282	5,353	5,186	4,845	4,845	5,704	4,736	4,834	4,455	4,268	4,299	4,095	3,822	3,872	3,709	3,549	3,528	3,814	3,481	3,472	3,197	3,214	3,122	3,217	2,925	2,984	3,166	3,176	3,054	3,191	3,133	3,182	2,900	2,944	2,880	3,057	2,960	2,822
Occupancy
624	652	651	653	694	681	675	693	690	591	600	590	600	618	611	513	618	644	598	601	672	596	604	619	659	652	598	627	694	683	690	740	609	619	615	827	720	624	608
Processing and communications
708	711	749	748	716	716	709	674	689	659	656	632	604	648	693	643	644	620	631	614	596	615	667	597	582	588	598	562	561	549	544	553	534	511	549	537	507	529	555
Furniture and equipment
655	806	711	718	659	616	586	610	536	542	513	513	511	453	432	395	420	455	393	422	373	397	377	379	357	368	374	371	365	395	368	355	362	349	384	410	384	440	447
Professional services
332	222	274	277	288	252	270	161	251	298	247	251	226	266	216	239	255	213	251	242	236	131	159	247	211	194	210	234	190	192	196	211	190	217	206	192	202	229	199
Loan collection and OREO expenses
186	-	-48	-	66	-	-331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan collection and OREO (recoveries) expenses
-	-	-	-10	-	-	-	6	6	-	114	38	341	387	95	100	72	495	265	160	221	211	225	174	170	229	188	228	177	229	182	91	180	319	235	201	224	272	243
Other loan expenses
89	70	89	67	46	71	51	53	33	38	47	18	83	31	19	-2	104	-	15	67	35	72	71	95	247	94	174	63	127	86	36	237	124	293	491	223	222	482	157
Deposit insurance
88	0	0	134	167	189	191	216	186	170	156	144	76	220	168	165	160	173	163	150	183	162	166	171	178	173	165	179	149	163	162	168	171	114	60	282	319	333	320
Advertising
290	302	334	374	348	360	370	362	319	321	299	323	236	247	304	303	241	302	203	343	182	269	291	287	151	228	218	181	120	210	181	302	146	217	187	205	118	130	241
Director fees
200	175	171	164	163	169	175	165	162	141	150	149	197	144	141	139	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
712	466	445	480	486	411	401	482	488	444	504	464	471	467	442	524	409	96	519	572	532	395	467	453	486	411	426	463	567	574	449	414	461	473	430	490	405	405	448
Total noninterest expense
9,323	8,719	8,729	8,791	8,478	8,268	8,801	8,158	8,194	7,629	7,554	7,421	7,440	7,303	6,993	6,728	6,607	6,846	6,852	6,652	6,502	6,045	6,241	6,144	6,258	5,862	5,935	6,074	6,126	6,135	5,999	6,204	5,959	6,012	6,101	6,247	6,158	6,404	6,040
Income before provision for income taxes
6,966	7,940	7,635	7,480	7,260	7,350	6,745	6,748	6,464	6,408	5,771	5,350	4,904	4,925	4,633	4,448	6,460	3,954	3,845	3,610	2,959	2,653	2,694	2,251	1,955	1,872	1,986	2,086	1,738	1,810	1,802	1,494	1,364	-	-	-	-	-	-
Income before provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	816	1,506	921	72	968	893
Income Tax Expense (Benefit)
1,600	1,816	1,700	1,646	1,500	1,502	1,300	1,351	1,235	3,908	2,014	1,906	1,712	1,765	1,613	1,624	2,255	1,315	1,294	1,182	1,020	952	808	723	662	606	684	739	538	643	606	518	459	-	-	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	420	277	-148	242	212
Net Income (Loss) Attributable to Parent
5,368	6,120	5,959	5,834	5,740	5,803	5,490	5,397	5,229	2,500	3,757	3,444	3,192	3,160	3,020	2,824	4,205	2,639	2,551	2,428	1,939	1,701	1,886	1,528	1,293	1,266	1,302	1,347	1,200	1,167	1,196	976	905	596	1,086	644	220	726	681
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	119	465	404	408	397	401	396	393	386	395	384	385	379
Income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,266	1,183	882	796	759	799	575	509	203	700	249	-164	341	302
Net income per common share - Basic (in dollars per share)
0.49	0.56	0.55	0.54	0.53	0.54	0.51	0.50	0.49	0.23	0.36	0.33	0.30	0.33	0.32	0.30	0.45	0.23	0.28	0.29	0.23	0.21	0.24	0.20	0.17	0.16	0.16	0.12	0.11	0.09	0.11	0.08	0.07	0.03	0.09	0.03	-0.02	0.05	0.04
Net income per common share - Diluted (in dollars per share)
0.49	0.55	0.54	0.53	0.52	0.54	0.50	0.49	0.48	0.23	0.35	0.32	0.30	0.32	0.32	0.30	0.44	0.24	0.27	0.28	0.23	0.20	0.24	0.20	0.17	0.17	0.15	0.11	0.10	0.10	0.10	0.07	0.07	0.03	0.09	0.03	-0.02	0.05	0.04
Weighted average common shares outstanding - Basic (in shares)
10,883	10,873	10,863	10,843	10,801	10,766	10,743	10,717	10,678	10,605	10,572	10,546	10,509	9,703	9,339	9,318	9,304	10,956	9,270	8,425	8,417	8,386	7,847	7,605	7,586	7,561	7,545	7,544	7,538	7,513	7,473	7,462	7,460	7,429	7,413	7,271	7,219	7,176	7,156
Weighted average common shares outstanding - Diluted (in shares)
11,037	11,099	11,036	11,026	10,955	10,960	10,936	10,915	10,853	10,795	10,761	10,735	10,705	9,774	9,496	9,468	9,550	11,101	9,389	8,524	8,514	8,490	7,946	7,690	7,654	7,662	7,822	7,911	7,845	7,818	7,782	7,784	7,792	8,230	7,781	7,710	7,219	7,467	7,475