As Reported Financials

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As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

INTEREST INCOME

Loans, including fees 27,064 30,000 30,918 34,063 27,479

Securities

Taxable 2,951 3,362 4,618 6,023 5,067
Tax exempt 2,680 2,618 2,411 1,829 831
Trading Assets 170 153 108 0 NA
Other 320 421 604 717 674
Total interest income 33,185 36,554 38,659 42,632 34,051

INTEREST EXPENSE

Deposits 2,024 2,211 2,694 4,241 4,669
Repurchase agreements and federal funds purchased 100 108 123 133 47
Federal Home Loan Bank advances 1,579 1,620 1,697 1,910 1,637
Note payable 109 233 190 153 93
Subordinated debentures 238 254 310 365 297
Total interest expense 4,050 4,426 5,014 6,802 6,743
Net interest income 29,135 32,128 33,645 35,830 27,308
Provision for loan losses 1,450 1,150 500 500 825
Net interest income after provision 27,685 30,978 33,145 35,330 26,483

NON-INTEREST INCOME

Service charges 4,408 5,086 5,113 5,266 3,991
Loan service fee income (loss), net 206 71 315 233 9
Trust department income 1,056 1,086 1,183 1,348 1,036
Gain (loss) on sale of available for sale securities, net 412 287 52 (65) 691
Gain (loss) on trading assets, net (9) (92) 6 0 NA
Gain on sale of loans 1,488 2,098 1,727 1,560 1,069
Brokerage income 597 778 818 665 381
Debit card interchange income 2,477 2,740 3,045 3,273 2,587
Loss on bank premises 0 0 1,200 (9) 0
Net increase in cash surrender value of bank-owned life insurance NA 0 0 262 271
Other 849 95 349 430 360
Total other income 11,484 12,149 13,808 12,963 10,395

NON-INTEREST EXPENSE

Salaries and employee benefits 16,583 17,930 18,002 18,938 14,284
Occupancy expenses 3,781 3,772 3,773 3,944 3,053
Repossession expenses, net 416 401 208 98 97
FDIC Insurance (credits) premiums 576 526 349 307 71
Legal and professional fees 1,050 1,628 1,082 908 731
Data processing 1,427 1,627 1,714 1,953 1,809
Debit card expenses 1,287 1,311 1,667 1,767 1,506
Amortization expense of intangible assets, excluding mortgage servicing right 205 247 160 130 81
Advertising and marketing 1,003 925 726 859 658
Taxes other than payroll, property and income 904 1,134 1,188 1,215 978
Telephone 317 345 387 370 302
Postage 379 357 359 310 92
Loan fees 334 198 189 158 50
Acquisition expense 858 NA NA NA NA
Other 2,687 3,384 3,269 3,252 2,561
Total other expenses 31,807 33,785 33,073 34,209 26,273
Income before income taxes 7,362 9,342 13,880 14,084 10,605
Provision for income taxes 530 773 3,163 1,654 941
Net income 6,832 8,569 10,717 12,430 9,664

Earnings per share

Basic 2.40 1.43 1.81 2.09 1.62
Diluted 2.40 1.43 1.81 2.09 1.62

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 6,832 8,569 10,717 12,430 9,664

Other comprehensive income (loss)

Unrealized gains (losses) on securities arising during the period (242) (1,706) 199 (3,205) 6,816
Reclassification of realized amount (412) (287) (52) 65 (691)
Net change in unrealized gain (loss) on securities (654) (1,993) 147 (3,140) 6,125
Less - Tax impact 222 678 (24) 659 (1,286)
Other comprehensive income (loss) (432) (1,315) 123 (2,481) 4,839
Comprehensive income 6,400 7,254 10,840 9,949 14,503
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.