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Income StatementROCKVILLE FINANCIAL, INC. (NASDAQ - RCKB)  
 2010 Y2011 Y2012 Y2013 Y
Source Document12/31/201212/31/201312/31/201312/31/2013
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest and dividend income 
Loans 70,67770,46371,20167,752
Securities-taxable interest 4,5444,6794,5246,687
Securities-non-taxable interest 1401,9792,748
Securities-dividends 454367173250
Interest-bearing deposits 10717580
Total interest and dividend income 75,69975,58077,95277,517
Interest expense 
Deposits 11,61711,2528,7347,992
Borrowed funds 10,5446,2192,2102,468
Total interest expense 22,16117,47110,94410,460
Net interest income 53,53858,10967,00867,057
Provision for loan losses 4,1093,0213,5872,046
Net interest income after provision for loan losses 49,42955,08863,42165,011
Non-interest income 
Other-than-temporary impairment losses on equity securities 0(29)00
Service charges and fees 7,3776,3516,4807,935
Net gain from sales of securities 1906,277914585
Net gain from sales of loans 1,7461,7154,4175,054
Bank-owned life insurance 3836231,9202,092
Other income (loss) (292)(178)9761,385
Total non-interest income 9,40414,75914,70717,051
Non-interest expense 
Salaries and employee benefits 20,03224,24533,18636,428
Service bureau fees 4,0484,3384,0363,287
Occupancy and equipment 4,2924,4014,6536,679
Professional fees 1,8072,5373,2332,377
Marketing and promotions 1,4501,171412476
FDIC insurance assessments 1,6161,2471,0461,172
Other real estate owned 1,435677540874
Merger related expense NA002,141
Contribution to Rockville Bank Foundation, Inc. 05,04300
Loss on extinguishment of debt 08,91400
Other 5,1706,4438,5909,032
Total non-interest expense 39,85059,01655,69662,466
Income before income taxes 18,98310,83122,43219,596
Provision for income taxes 6,7323,7396,6355,369
Net income 12,2517,09215,79714,227
Net income per share 
Basic 0.440.250.570.55
Diluted 0.440.250.560.54
Weighted-average shares outstanding 
Basic 28,115,82528,593,97127,796,11626,061,942
Diluted 28,136,90528,693,29528,025,61026,426,220
Consolidated Statements of Comprehensive Income 
Net income 12,2517,09215,79714,227
Other comprehensive income (loss) 
Securities available for sale 
Unrealized holding (losses) gains 3083,9711,689(15,704)
Reclassification adjustment for gains realized in income (190)(6,248)(914)(585)
Net unrealized (losses) gains 118(2,277)775(16,289)
Tax effect - benefit (expense) (101)796(272)5,701
Net-of-tax amount - securities available for sale 0(1,481)503(10,588)
Interest rate swaps designated as cash flow hedges 
Unrealized gains (losses) 00(148)7,537
Tax effect - (expense) benefit 0052(2,638)
Net-of-tax amount - interest rate swaps NA0(96)4,899
Defined benefit pension plans 
Reclassification adjustment for losses recognized in net periodic benefit cost 5545711,236784
Reclassification adjustment for prior service costs recognized in net periodic benefit cost NA(49)(48)0
Prior service cost arising during the period (237)0(80)0
Gains (losses) arising during the period NA(6,621)2,3805,842
Change in gains or losses and prior service costs or credits 269(6,099)3,4886,626
Tax effect - (expense) benefit (96)2,134(1,220)(2,319)
Net-of-tax amount - pension plans 173(3,965)2,2684,307
Post-retirement plans 
Reclassification adjustment for prior service costs recognized in net periodic benefit cost 30432723
Reclassification adjustment for losses recognized in net periodic benefit cost 64738172
Prior service cost arising during the period (320)920105
Gains (losses) arising during the period NA(238)(68)820
Change in gains (losses) and prior service costs or credits (681)(30)401,020
Tax effect - (expense) benefit 24210(14)(357)
Net-of-tax amount - post-retirement plans (439)(20)26663
Net-of-tax amount - pension and post-retirement plans (266)(3,985)2,2944,970
Total other comprehensive (loss) income (249)(5,466)2,701(719)
Comprehensive income 12,0021,62618,49813,508


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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