Income Statement ROCKVILLE FINANCIAL, INC. (NASDAQ - RCKB)
2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2011 12/31/2012 12/31/2012 12/31/2012 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Loans 69,517 70,677 70,463 71,201 17,155 Securities - taxable interest 6,116 4,544 4,679 4,524 1,224 Securities - non-taxable interest NA 14 0 1,979 650 Securities - dividends 428 454 367 173 35 Interest-bearing deposits 1 10 71 75 21 Total interest and dividend income 76,062 75,699 75,580 77,952 19,085 Deposits 19,371 11,617 11,252 8,734 1,984 Borrowed funds 10,404 10,544 6,219 2,210 594 Total interest expense 29,775 22,161 17,471 10,944 2,578 Net interest income 46,287 53,538 58,109 67,008 16,507 Provision for loan losses 1,961 4,109 3,021 3,587 391 Net interest income after provision for loan losses 44,326 49,429 55,088 63,421 16,116 Other-than-temporary impairment losses on equity securities (362) 0 (29) 0 NA Service charges and fees 5,221 7,377 6,351 6,480 1,833 Net gain from sales of securities 936 190 6,277 914 227 Net gain from sales of loans 782 1,746 1,715 4,417 2,060 Bank-owned life insurance NA 383 623 1,920 510 Other income 395 (292) (178) 976 254 Total non-interest income 6,972 9,404 14,759 14,707 4,884 Salaries and employee benefits 18,571 20,032 24,245 33,186 8,674 Service bureau fees 3,872 4,048 4,338 4,036 815 Occupancy and equipment 4,380 4,292 4,401 4,653 1,436 Professional fees 1,131 1,807 2,537 3,233 723 Marketing and promotions 1,156 1,450 1,171 412 70 FDIC insurance assessments 2,222 1,616 1,247 1,046 294 Other real estate owned 69 1,435 677 540 246 Contribution to Rockville Bank Foundation, Inc. 0 0 5,043 0 NA Loss on extinguishment of debt 0 0 8,914 0 NA Other 5,230 5,170 6,443 8,590 2,412 Total non-interest expense 36,631 39,850 59,016 55,696 14,670 Income before income taxes 14,667 18,983 10,831 22,432 6,330 Provision for income taxes 4,935 6,732 3,739 6,635 1,779 Net income 9,732 12,251 7,092 15,797 4,551 Basic 0.35 0.44 0.25 0.57 0.17 Diluted 0.35 0.44 0.25 0.56 0.17 Basic 28,012,072 28,115,825 28,593,971 27,796,116 27,228,765 Diluted 28,019,008 28,136,905 28,693,295 28,025,610 27,561,245 Net income NA 12,251 7,092 15,797 4,551 Other comprehensive income (loss) Unrealized losses on securities Unrealized holding losses on available for sale securities NA 308 3,971 1,689 (1,896) Reclassification adjustment for gains realized in net income NA (190) (6,248) (914) (227) Net unrealized losses NA 118 (2,277) 775 (2,123) Tax effect - (expense) benefit NA (101) 796 (272) 744 Net-of-tax amount - losses on securities NA 17 (1,481) 503 (1,379) Unrealized gains on interest rate swaps designated as cash flow hedges accruing during period NA 0 0 (148) 838 Tax effect - expense NA 0 0 52 (293) Net-of-tax amount NA 0 0 (96) NA Net-of-tax amount - interest rate swaps NA NA NA NA 545 Defined benefit pension plans Reclassification adjustment for prior service costs recognized in net periodic benefit cost NA (48) (49) (48) 196 Reclassification adjustment for losses recognized in net periodic benefit cost NA 554 571 1,236 NA Gains arising during the period NA 0 0 (80) 0 Gains (losses) arising during the period NA (237) (6,621) 2,380 NA Change in gains or losses and prior service costs or credits NA 269 (6,099) 3,488 196 Tax effect - expense NA (96) 2,134 (1,220) (69) Net-of-tax amount - pension plans NA 173 (3,965) 2,268 127 Post-retirement plans Reclassification adjustment for prior service costs recognized in net periodic benefit cost NA 30 43 27 7 Reclassification adjustment for losses recognized in net periodic benefit cost NA 64 73 81 2 Prior service cost arising during the period NA (455) 92 0 NA Gains arising during the period NA (320) (238) (68) 16 Change in gains or losses and prior service costs or credits NA (681) (30) 40 25 Tax effect - expense NA 242 10 (14) (9) Net-of-tax amount - post-retirement plans NA (439) (20) 26 16 Net-of-tax amount - pension & post-retirement plans NA (266) (3,985) 2,294 143 Total other comprehensive loss NA (249) (5,466) 2,701 (691) Comprehensive income NA 12,002 1,626 18,498 3,860
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.
