As Reported Financials

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As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

INTEREST INCOME

Loans, including fees 23,857 27,064 30,000 30,918 25,151

Securities

Taxable 2,612 2,951 3,362 4,618 4,486
Tax exempt 2,812 2,680 2,618 2,411 1,378
Trading assets 168 170 153 108 0
Other 282 320 421 604 496
Total interest income 29,731 33,185 36,554 38,659 31,511

INTEREST EXPENSE

Deposits 2,038 2,024 2,211 2,694 2,863
Repurchase agreements and federal funds purchased 96 100 108 123 117
Federal Home Loan Bank advances 1,392 1,579 1,620 1,697 1,376
Note payable 0 109 233 190 101
Subordinated debentures 230 238 254 310 285
Total interest expense 3,756 4,050 4,426 5,014 4,742
Net interest income 25,975 29,135 32,128 33,645 26,769
Provision for loan losses 950 1,450 1,150 500 400
Net interest income after provision 25,025 27,685 30,978 33,145 26,369

NON-INTEREST INCOME

Service charges 4,240 4,408 5,086 5,113 3,989
Loan service fee income, net 66 206 71 315 212
Trust department income 979 1,056 1,086 1,183 967
Gain (loss) on sale of available for sale securities, net 966 412 287 52 (8)
Gain (loss) on trading assets 202 (9) (92) 6 0
Gain on sale of loans 951 1,488 2,098 1,727 1,291
Brokerage income 554 597 778 818 542
Debit card interchange income 2,119 2,477 2,740 3,045 2,415
Gain on bank premises NA 0 0 1,200 (9)
Income from bank-owned life insurance NA NA NA NA 176
Other 81 849 95 349 267
Total other income 10,158 11,484 12,149 13,808 9,842

NON-INTEREST EXPENSE

Salaries and employee benefits 14,806 16,583 17,930 18,002 13,986
Occupancy expenses 3,308 3,781 3,772 3,773 3,019
Repossession expenses, net 371 416 401 208 76
FDIC Insurance 535 576 526 349 236
Legal and professional fees 1,067 1,050 1,628 1,082 648
Data processing 1,351 1,427 1,627 1,714 1,388
Debit card expenses 1,005 1,287 1,311 1,667 1,319
Amortization expense of intangible assets, excluding mortgage servicing right 140 205 247 160 102
Advertising and marketing 827 1,003 925 726 658
Taxes other than payroll, property and income 851 904 1,134 1,188 937
Telephone 341 317 345 387 267
Postage 321 379 357 359 241
Loan fees 346 334 198 189 112
Acquisition expense 0 858 0 0 NA
Other 1,946 2,687 3,384 3,269 2,402
Total other expenses 27,215 31,807 33,785 33,073 25,391
Income before income taxes 7,968 7,362 9,342 13,880 10,820
Provision for income taxes 897 530 773 3,163 1,326
Net income 7,071 6,832 8,569 10,717 9,494

Earnings per share

Basic 2.60 2.40 2.87 3.61 3.19
Diluted 2.60 2.40 2.87 3.61 3.19
Dividends per share NA NA NA NA 0.93

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 7,071 6,832 8,569 10,717 9,494

Other comprehensive income (loss)

Unrealized gains (losses) on securities arising during the period 9,931 (242) (1,706) 199 (7,459)
Reclassification of realized amount (966) (412) (287) (52) 8
Net change in unrealized gain (loss) on securities 8,965 (654) (1,993) 147 (7,451)
Less - Tax impact 3,048 222 678 (24) 1,565
Other comprehensive income (loss) 5,917 (432) (1,315) 123 (5,886)
Comprehensive income 12,988 6,400 7,254 10,840 3,608
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