WCF Bancorp, Inc. WCFB Income Statement

Wcf bancorp, inc. (WCFB)

Income statement / Quarterly

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
Interest income:
Loans receivable
753,735	705,490	747,815	742,852	739,664	680,367	718,780	725,320	722,826	736,064	735,492	726,902	720,638	720,149	715,006	719,528	714,048
Investment securities - taxable
219,707	206,780	209,060	219,221	160,729	155,794	136,758	153,198	152,251	126,537	103,028	89,835	81,486	84,301	92,858	106,554	120,351
Investment securities - tax exempt
53,424	18,096	54,656	55,338	62,793	67,460	67,508	70,839	72,505	72,055	89,981	103,223	108,300	103,391	93,433	82,232	93,442
Other interest earning assets
57,909	53,674	31,507	37,194	34,042	35,353	27,338	22,263	19,565	22,941	33,182	21,809	14,395	15,072	13,290	17,767	15,774
Total interest income
1,084,775	984,040	1,043,038	1,054,605	997,228	938,974	950,384	971,620	967,147	957,597	961,683	941,769	924,819	922,913	914,587	926,081	943,615
Interest expense:
Deposits
222,695	202,962	181,388	163,936	164,381	151,850	144,803	148,731	149,373	140,265	142,548	144,561	145,175	134,196	135,592	146,132	145,660
FHLB advances
103,056	-	85,463	-	77,425	-	9,562	-	-	-	-	-	-	-	-	-	-
FHLB advances
-	-	-	78,285	-	-	-	15,248	14,850	12,386	15,647	19,174	19,224	14,627	16,053	11,642	9,124
Overnight borrowings
2,380	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
328,131	293,279	266,851	242,221	241,806	171,358	154,365	163,979	164,223	152,651	158,195	163,735	164,399	148,823	151,645	157,774	154,784
Net interest income
756,644	690,761	776,187	812,384	755,422	767,616	796,019	807,641	802,924	804,946	803,488	778,034	760,420	774,090	762,942	768,307	788,831
Provision for Loan and Lease Losses
30,000	19,249	19,751	19,500	19,500	22,000	18,000	18,000	18,000	40,000	0	20,000	0	60,000	50,000	40,000	40,000
Net interest income after provision for losses on loans
726,644	671,512	756,436	792,884	735,922	745,616	778,019	789,641	784,924	764,946	803,488	758,034	760,420	714,090	712,942	728,307	748,831
Noninterest income:
Fees and service charges
104,642	-	-	-	96,132	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of securities available-for-sale, net
10,509	-	-	-	-14,465	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash value - bank-owned life insurance
21,880	22,069	23,920	23,622	23,309	23,634	25,891	25,531	41,555	21,501	0	0	0	-	-	-	-
Fees and service charges
-	-	109,537	113,260	-	100,013	115,125	117,703	99,066	108,480	102,103	105,205	79,353	86,524	76,592	88,803	64,834
Losses on sale of securities available-for-sale, net
-	-	0	0	-	0	0	0	0	29,720	99,853	0	15,247	0	16,893	17,740	172,972
Gain on sale of land
0	0	0	0	435,818	0	0	0	0	-	-	-	-	-	0	137,437	-
Other income (expense)
217	13,426	40,110	-4,884	-9,923	6,493	19,596	19,119	17,700	-11,475	26,582	17,135	0	-	225	78	-
Total noninterest income
137,248	155,440	173,567	131,998	530,871	130,140	160,612	162,353	158,321	148,226	228,538	122,340	94,600	88,866	93,710	244,058	237,806
Noninterest expense:
Compensation, payroll taxes, and employee benefits
351,475	429,130	373,786	387,506	368,902	331,972	393,647	391,128	368,802	398,847	334,542	329,178	342,157	321,092	302,841	310,448	311,811
Advertising
11,762	12,824	18,786	17,335	17,776	26,424	20,433	25,587	18,747	26,989	20,992	28,128	13,687	18,808	30,712	21,308	16,536
Office property and equipment
91,772	61,177	99,954	101,703	107,903	111,118	107,749	107,596	123,807	66,350	136,304	126,846	138,005	199,991	114,145	93,009	75,071
Federal insurance premiums
7,704	-1,253	9,660	8,506	8,111	8,176	8,771	8,966	7,949	-881	21,012	21,865	17,206	18,892	17,165	14,538	16,988
Data processing services
126,449	118,119	127,971	117,670	123,327	122,291	116,517	118,130	108,004	91,067	122,361	104,174	102,369	90,463	91,140	90,836	93,668
Charitable contributions
1,610	1,246	350	450	1,800	-550	0	5,600	905	6,488	5,946	0	0	-	0	260,000	-
Other real estate expenses, net
7,433	45,585	11,246	7,117	4,923	2,848	11,400	4,477	2,214	17,819	1,956	249	2,712	386	132	3,327	464
Dues and subscriptions
7,882	7,811	9,338	9,002	10,797	11,820	9,487	7,868	8,526	14,030	10,142	16,572	14,905	18,272	12,834	15,159	23,528
Accounting, regulatory and professional fees
177,652	173,939	156,301	159,106	139,137	173,384	149,674	192,986	142,943	314,788	142,664	106,908	75,711	107,581	54,017	42,094	52,231
Debit card expenses
0	0	0	1,500	1,123	1,066	1,095	2,210	2,197	2,933	2,987	2,325	14,190	15,337	13,398	12,760	12,602
Other expenses
95,705	105,034	152,368	101,534	92,468	82,859	86,320	90,838	91,757	133,724	82,552	82,974	95,774	46,005	64,871	74,262	66,493
Total noninterest expense
879,444	953,612	959,760	911,429	876,267	871,408	905,093	955,386	875,851	1,072,154	881,458	819,219	816,716	836,827	701,255	937,741	669,392
(Loss) earnings before taxes on income
-15,552	-126,660	-29,757	13,453	390,526	4,348	33,538	-3,392	67,394	-158,982	150,568	61,155	38,304	-33,871	105,397	34,624	317,245
Tax (benefit) expense
-329	-46,127	-25,717	-13,003	106,002	278,290	-17,896	-31,921	-10,480	-51,397	82,100	-19,919	-29,152	-50,722	-3,783	-8,213	92,248
Net Income (Loss) Attributable to Parent
-15,223	-80,533	-4,040	26,456	284,524	-273,942	51,434	28,529	77,874	-107,585	68,468	81,074	67,456	16,851	109,180	42,837	224,997
Basic earnings (loss) per common share (in usd per share)
-0.01	-0.04	0.00	0.01	0.12	-0.11	0.02	0.01	0.03	-0.04	0.03	0.03	0.03	-	0.04	-	-
Diluted earnings (loss) per common share (in usd per share)
-0.01	-0.04	0.00	0.01	0.12	-0.11	0.02	0.01	0.03	-0.04	0.03	0.03	0.03	-	0.04	-	-
Basic/diluted earnings per common share (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.07