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Select Bancorp inc (SLCT) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how Select Bancorp inc generates earnings and manages operating expenses.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2020)
2020 		(Dec 31 2019) (Dec 31 2018) (Dec 31 2017) (Dec 31 2016)
Revenues
Interest and Fee Income, Loans and Leases62.39
Interest and Dividend Income, Securities, Operating1.92
Other Income-1.11
Total Interest Income63.21
Interest Expense, Deposits9.12
Interest Expense, Short-term Borrowing1.64
Total Interest Expense10.76
Net Interest Income52.45
Provision for loan losses6.24
Total Net Interest Income46.21
Service Fees, Investment Banking, Brokerage and Other Transactions0.00
Revenue From Contract With Customer Excluding Assessed Tax3.47
Profit (Loss) from Real Estate Operations0.00
Extinguishment of Debt1.62
Gain (Loss) on Disposition of Assets and Other Investments0.00
Loss / Gain on Investment0.00
Other Non-Interest Income-1.29
Total Non-interest Income6.12
Total Revenues52.33
Costs & Expenses
Salaries & employee benefits, SGA23.14
Depreciation & Amortization0.72
Foreclosed Real Estate Expense0.00
Communications, Occupancy and Information Technology8.01
Professional Fees1.65
Federal Deposit Insurance Corporation Premium Expense0.00
Other Noninterest Expense4.49
Other loss /-income3.94
Total Operating Expenses41.95
Total Costs & Expenses52.71
Income & Taxes
Income /-loss before income taxes10.38
Income taxes expenses/-benefit2.22
Income after income taxes8.16
Net income/-loss of other equity0.00
Income /-loss after income taxes8.16
Net Income/-loss8.16
Preferred dividends0.00
Income/-loss to shareholder8.16
Earnings Per Share
Basic EPS (excl. extra items)0.46
Basic Net EPS0.46
Basic shares outstanding (Mill. of Units)17.94
Diluted Net EPS0.45
Diluted average shares (Mill. of Units)17.96
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About SLCT Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.