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Income Statement

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REPUBLIC FIRST BANCORP, INC. (NASDAQ - FRBK)  
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest income 
Interest and fees on taxable loans 31,98634,53037,24140,82710,941
Interest and fees on tax-exempt loans 349339540960258
Interest and dividends on taxable investment securities 4,4355,0536,79211,2644,733
Interest and dividends on tax-exempt investment securities 250364585703194
Interest on federal funds sold and other interest-earning assets 18518727847361
Total interest income 37,20540,47345,43654,22716,187
Interest expense 
Demand-interest bearing 8258881,4012,088608
Money market and savings 1,7861,9292,1702,639698
Time deposits 867719695942296
Other borrowings 1,1121,1081,1151,194366
Total interest expense 4,5904,6445,3816,8631,968
Net interest income 32,61535,82940,05547,36414,219
Provision for loan losses 4,9359005001,5570
Net interest income after provision for loan losses 27,68034,92939,55545,80714,219
Non-interest income 
Loan advisory and servicing fees 1,6151,4522,2261,627337
Mortgage banking income NA005,0622,421
Gain on sales of SBA loans 5,3384,7173,1394,981688
Service fees on deposit accounts 1,0461,2241,7202,658846
Legal settlements 23802,5500NA
Gain on sale of investment securities 7034581086560
Other-than-temporary impairment 0NANANANA
Portion recognized in other comprehensive income (before taxes) 0NANANANA
Net securities impairment losses recognized in earnings 0(7)(3)(7)0
Bank owned life insurance income 13NANANANA
Other non-interest income 26317320333546
Total non-interest income 9,2168,0179,94315,3124,338
Non-interest expenses 
Salaries and employee benefits 17,06420,08922,48828,6028,582
Occupancy 3,6354,2474,9296,1091,715
Depreciation and amortization 2,1052,3823,0803,5181,175
Legal 1,8781,290915459252
Other real estate owned 3,1791,7944,2392,182346
Advertising 447597627811245
Data processing 1,0001,3451,5932,408785
Insurance 625586720962273
Professional fees 1,4201,4681,2681,580428
Regulatory assessments and costs 1,2571,0651,2481,413329
Taxes, other 557616689366236
Legal settlements 1,875NANANANA
Other operating expenses 5,3695,0715,2957,8832,438
Total non-interest expense 40,41140,55047,09156,29316,804
Income before benefit for income taxes (3,515)2,3962,4074,8261,753
Benefit for income taxes (35)(46)(26)(119)(34)
Net income (3,480)2,4422,4334,9451,787
Net income per share 
Basic (0.13)0.070.060.130.03
Diluted (0.13)0.070.060.120.03
Consolidated Statements of Comprehensive Income 
Net income (3,480)2,4422,4334,9451,787
Other comprehensive income, net of tax 
Unrealized gain on securities (3,398)3,199(2,577)(3,853)623
Reclassification adjustment for securities gains (450)(293)(69)(420)0
Reclassification adjustment for impairment charge 04240
Net unrealized gains on securities (3,848)2,910(2,644)(4,269)623
Net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 0(790)00NA
Amortization of net unrealized holding losses during the period 07611114027
Total other comprehensive income (3,848)2,196(2,533)(4,129)650
Total comprehensive income (7,328)4,638(100)8162,437


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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