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Income Statement
Provident Bancorp, Inc. MD (PVBC)
source: myfinsight.com
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Interest and fees on loans$20,085K (-1.11%↓ Y/Y)Interest and dividends ondebt securities...$231K (-4.94%↓ Y/Y)Interest on short-terminvestments$984K (-25.34%↓ Y/Y)Total interest anddividend income$21,300K (-2.62%↓ Y/Y)Credit loss (benefit)expense - loans-$384K (-105.94%↓ Y/Y)Net interest anddividend income$13,527K (13.17%↑ Y/Y)Total credit loss(benefit) expense-$378K (-105.85%↓ Y/Y)Bank owned lifeinsurance income$335K (5.02%↑ Y/Y)Other income$764K (302.11%↑ Y/Y)Charges and fees-OtherService Fees$442K Charges andfees-Customer Service Fees$690K Total interestexpense$7,773K (-21.64%↓ Y/Y)Credit loss expense(benefit) - off-balance...$6K (166.67%↑ Y/Y)Net interest anddividend income after...$13,905K (153.05%↑ Y/Y)Total noninterestincome$2,231K (46.49%↑ Y/Y)Interest on deposits$7,261K (-24.42%↓ Y/Y)Interest on long-termborrowings$30K (-3.23%↓ Y/Y)Interest on short-termborrowings$482K (71.53%↑ Y/Y)Income (loss) beforeincome tax expense$4,045K (188.40%↑ Y/Y)Total noninterestexpense$12,091K (4.29%↑ Y/Y)Net income (loss)$2,824K (185.37%↑ Y/Y)Income tax expense(benefit)$1,221K (196.29%↑ Y/Y)Service fees$371K (58.55%↑ Y/Y)Software depreciationand implementation$532K (-8.90%↓ Y/Y)Equipment expense$120K (-25.00%↓ Y/Y)Deposit insurance$294K (-8.41%↓ Y/Y)Insurance expense$224K (-26.07%↓ Y/Y)Data processing$410K (1.99%↑ Y/Y)Salaries and employeebenefits$7,338K (0.62%↑ Y/Y)Marketing expense$62K (-18.42%↓ Y/Y)Directors' compensation$197K (11.30%↑ Y/Y)Occupancy expense$376K (-7.62%↓ Y/Y)Other$1,043K (59.72%↑ Y/Y)Professional fees$1,124K (14.23%↑ Y/Y)