Wellesley Bancorp, Inc. WEBK Income Statement

Wellesley bancorp, inc. (WEBK)

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
Interest and dividend income:
Interest and fees on loans and loans held for sale
9,703	9,730	9,769	9,444	8,727	8,326	7,941	7,534	7,227	7,172	6,747	6,355	5,977	5,929	5,838	5,614	5,557	5,633	5,342	4,972	4,846	4,863	4,724	4,617	4,355	4,302	4,085	3,770	3,745	3,531	3,281	3,157	3,116	3,050	2,986	2,976	3,041	3,168
Debt securities:
Taxable
162	194	335	363	378	391	364	345	341	329	337	333	339	344	355	340	330	272	204	242	239	185	201	183	148	140	126	133	144	166	177	199	183	161	151	149	136	204
Tax-exempt
55	53	76	80	82	81	82	82	82	81	77	78	69	58	54	54	53	50	50	47	46	49	49	46	44	37	38	47	53	57	63	67	69	70	69	61	48	42
Short-term investments and certificates of deposit
107	180	270	143	164	133	143	120	113	57	78	42	43	26	17	17	23	7	8	7	9	9	8	8	8	7	7	8	10	8	9	14	15	10	12	19	19	35
FHLB stock
74	89	75	59	79	89	86	82	76	70	66	59	57	52	48	49	46	43	36	16	16	-	12	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	2	2	2	2	2	2	2	2	-	1	2	-	-
Dividends on FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-
Total interest and dividend income
10,101	10,246	10,525	10,089	9,430	9,020	8,616	8,163	7,839	7,709	7,305	6,867	6,485	6,409	6,312	6,074	6,009	6,005	5,640	5,284	5,156	5,119	4,994	4,865	4,567	4,488	4,258	3,960	3,954	3,764	3,532	3,439	3,385	3,293	3,219	3,207	3,245	3,449
Interest expense:
Deposits
2,053	2,404	2,606	2,570	2,489	2,124	1,668	1,457	1,193	1,041	919	828	793	791	781	758	781	768	722	629	656	715	703	695	668	613	569	538	540	557	533	516	525	551	540	559	566	605
Short-term borrowings
171	162	338	255	110	138	244	75	123	118	95	48	32	31	29	24	16	33	24	18	3	5	2	1	5	-	4	1	-	0	13	22	21	23	22	20	20	24
Long-term debt
480	488	521	390	243	252	273	388	343	281	316	299	286	293	254	261	245	232	223	186	174	180	173	150	128	132	124	134	121	114	107	99	71	70	70	125	137	191
Subordinated debt
157	-	157	157	157	-	158	158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debentures
-	-	-	-	-	-	-	-	158	158	158	158	158	158	159	159	159	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
2,861	3,211	3,622	3,372	2,999	2,671	2,343	2,078	1,817	1,598	1,488	1,333	1,269	1,273	1,223	1,202	1,201	1,055	969	833	833	900	878	846	801	754	697	673	661	671	653	637	617	644	632	704	723	820
Net interest income
7,240	7,035	6,903	6,717	6,431	6,349	6,273	6,085	6,022	6,111	5,817	5,534	5,216	5,136	5,089	4,872	4,808	4,950	4,671	4,451	4,323	4,219	4,116	4,019	3,766	3,734	3,561	3,287	3,293	3,093	2,879	2,802	2,768	2,649	2,587	2,503	2,522	2,629
Provision for loan losses
555	435	70	170	240	195	130	195	65	363	250	122	0	125	125	125	62	175	150	100	50	60	180	220	180	150	150	100	100	150	150	100	150	150	150	300	300	300
Net interest income, after provision for loan losses
6,685	6,600	6,833	6,547	6,191	6,154	6,143	5,890	5,957	5,748	5,567	5,412	5,216	5,011	4,964	4,747	4,746	4,775	4,521	4,351	4,273	4,159	3,936	3,799	3,586	3,584	3,411	3,187	3,193	2,943	2,729	2,702	2,618	2,499	2,437	2,203	2,222	2,329
Non-interest income:
Customer service fees
54	53	43	49	39	46	42	45	43	-	39	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking activities
7	30	102	51	28	27	35	28	9	-	34	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer service fees
-	-	-	-	-	-	-	-	-	-	-	-	34	29	16	32	26	33	29	32	31	29	31	37	34	41	46	40	40	50	26	46	27	43	36	46	32	38
Gain on sales of securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	16	-	-	28	0	-	0	0	0	16	-	-	103	-	-	52	-1	-	-	-	-	-	-
Mortgage banking activities
-	-	-	-	-	-	-	-	-	-	-	-	43	77	71	108	32	145	34	47	52	37	32	17	22	21	10	52	24	-	62	-	-	-	-	-	-	-
Income on bank-owned life insurance
58	59	60	59	58	59	60	58	57	59	59	57	57	57	58	57	58	59	58	58	57	59	58	59	58	61	59	57	45	48	47	46	36	36	37	37	36	38
Wealth management fees
365	447	402	392	434	408	407	417	384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
365	447	402	392	434	408	407	417	384	-	314	308	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wealth management fees
-	-	-	-	-	-	-	-	-	-	-	-	295	273	260	238	211	177	130	114	95	76	117	124	112	109	101	93	88	-	64	46	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	-	-	-	-	-	-	-	-	-	-
Wealth management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	28	29	27	25	20
Miscellaneous
572	-6	355	331	123	261	17	98	85	59	58	27	92	4	10	59	18	13	11	10	10	28	6	-4	11	20	9	11	12	23	12	11	11	35	8	12	12	12
Total non-interest income
1,056	583	962	882	682	801	561	646	578	513	504	449	521	440	415	510	345	430	290	261	245	229	244	233	253	252	225	263	209	402	263	148	117	160	110	122	105	108
Non-interest expense:
Salaries and employee benefits
3,196	3,047	3,052	3,122	3,040	2,768	2,660	2,693	2,721	2,576	2,408	2,501	2,609	2,572	2,439	2,378	2,302	2,140	2,126	2,150	2,331	2,130	2,017	1,991	1,873	1,853	1,553	1,521	1,431	1,355	1,227	1,245	1,100	1,095	1,249	944	942	889
Occupancy and equipment
915	822	842	820	804	803	782	701	718	698	684	707	696	686	708	687	663	760	703	662	592	582	530	483	500	441	354	356	340	330	346	318	286	251	209	204	198	176
Data processing
302	342	325	308	297	256	265	235	234	241	230	220	201	204	201	177	196	178	162	176	142	148	155	145	156	133	125	116	126	108	115	99	116	101	114	94	95	90
FDIC insurance
180	240	11	190	135	140	150	168	168	162	150	150	147	123	122	82	77	93	93	93	93	91	73	68	68	67	68	67	67	53	68	47	55	23	-51	93	92	74
Professional fees
498	712	191	256	190	194	159	215	198	214	192	182	173	171	244	278	191	191	182	202	172	259	138	251	177	119	68	132	132	-	-	-	-	-	-	-	-	-
Advertising and marketing
-	-	-	-	-	-	-	-	74	-	-	-	74	-	-	-	-	-	-	-	83	-	-	-	93	-	-	-	26	-	-	-	-	-	-	-	-	-
Contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	1	1,800	11	1	6	8	2
Foreclosed assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62
Other general and administrative
472	321	579	663	629	420	566	581	445	198	500	565	393	176	447	465	477	93	410	376	361	283	412	387	317	564	468	303	295	431	381	462	355	355	202	258	219	235
Total non-interest expenses
5,563	5,724	5,000	5,359	5,095	4,830	4,582	4,593	4,558	4,399	4,164	4,325	4,293	4,270	4,161	4,067	3,906	3,736	3,676	3,659	3,774	3,724	3,325	3,325	3,184	3,151	2,636	2,495	2,417	2,278	2,137	2,172	3,712	1,836	1,724	1,599	1,554	1,528
Income before income taxes
2,178	1,459	2,795	2,070	1,778	2,125	2,122	1,943	1,977	1,862	1,907	1,536	1,444	1,181	1,218	1,190	1,185	1,469	1,135	953	744	664	855	707	655	685	1,000	955	985	1,067	855	678	-977	823	823	726	773	909
Provision for income taxes
637	302	759	565	476	548	565	523	540	1,661	741	599	563	459	463	463	453	564	435	368	285	228	339	276	261	250	393	372	390	386	318	244	-424	304	295	260	281	333
Net income
1,541	1,157	2,036	1,505	1,302	1,577	1,557	1,420	1,437	201	1,166	937	881	722	755	727	732	905	700	585	459	436	516	431	394	435	607	583	595	681	537	434	-553	519	528	466	492	576
Other comprehensive income:
Net unrealized holding (loss) gain on available-for-sale securities
-52	-73	-92	743	858	567	-267	-204	-872	-222	63	340	237	-1,710	-214	526	790	-340	197	-476	228	168	-83	219	113	-114	-94	-604	-111	-136	271	151	74	126	286	182	-56	-
Reclassification adjustment for net gains on sales of securities recognized in noninterest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-16	-	-	-28	0	-	0	0	0	-16	-	-	-103	-	-	-52	-	-	-	-	-	-	-
Income tax benefit (expense)
-14	-	-17	186	215	-	-54	-55	-219	-90	25	127	88	-533	-77	65	312	-138	65	-184	90	59	-33	87	37	-45	-34	-279	-44	-73	86	60	26	44	111	64	-17	-
Total other comprehensive (loss) gain income
-38	-62	-75	557	643	436	-213	-149	-653	-132	38	213	149	-1,177	-137	445	478	-205	104	-292	138	109	-50	132	60	-69	-60	-428	-67	-109	133	91	48	-	175	118	-	-
Total other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	-
Comprehensive income
1,503	1,095	1,961	2,062	1,945	2,013	1,344	1,271	784	69	1,204	1,150	1,030	-455	618	1,172	1,210	700	804	293	597	545	466	563	454	366	547	155	528	572	670	525	-505	583	703	584	453	-
Earnings per common share:
Basic
0.61	0.47	0.82	0.61	0.54	0.65	0.65	0.59	0.60	0.08	0.49	0.40	0.37	0.31	0.32	0.31	0.32	0.39	0.30	0.25	0.20	0.19	0.23	0.19	0.17	0.18	0.27	0.26	0.26	-	-	-	-	-	-	-	-	-
Diluted
0.60	0.45	0.80	0.59	0.52	0.63	0.62	0.57	0.58	0.08	0.48	0.38	0.36	0.30	0.32	0.31	0.31	0.39	0.30	0.25	0.20	0.19	0.22	0.19	0.17	0.18	0.27	0.26	0.26	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding:
Basic
2,510	2,487	2,472	2,454	2,431	2,421	2,408	2,395	2,392	2,384	2,370	2,364	2,358	2,352	2,325	2,322	2,318	2,315	2,313	2,309	2,306	2,301	2,291	2,290	2,289	2,290	2,288	2,285	2,291	-	-	-	-	-	-	-	-	-
Diluted
2,587	2,581	2,554	2,554	2,523	2,513	2,511	2,501	2,485	2,472	2,454	2,449	2,441	2,411	2,364	2,352	2,339	2,337	2,334	2,325	2,318	2,311	2,301	2,294	2,290	2,290	2,288	2,285	2,291	-	-	-	-	-	-	-	-	-
Net income per common share (basic and diluted)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.24	0.20	-	-	-	-	-	-
Weighted average shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,221	2,216,184	-	-	-	-	-	-