As Reported Financials

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As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Interest income

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

Securities

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

Interest expense

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

Other income

Service charges 4,408 5,086 5,113 5,266
Loan service fee income, net 206 71 315 233
Trust department income 1,056 1,086 1,183 1,348
Securities gains (losses), net 412 287 52 (65)
Gain (loss) on trading assets, net (9) (92) 6 0
Gain on sale of loans 1,488 2,098 1,727 1,560
Brokerage income 597 778 818 665
Debit card interchange income 2,477 2,740 3,045 3,273
Gain (loss) on sale of bank premises and equipment 0 0 1,200 (9)
Income from bank-owned life insurance NA 0 0 262
Other 849 95 349 430
Total 11,484 12,149 13,808 12,963

Other expenses

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

Earnings per share

Basic 2.40 1.43 1.81 2.09
Diluted 2.40 1.43 1.81 2.09

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

Other comprehensive income (loss)

Unrealized gains (losses) on securities arising during the period (242) (1,706) 199 (3,205)
Reclassification of realized amount (412) (287) (52) 65
Net change in unrealized gain (loss) on securities (654) (1,993) 147 (3,140)
Less - Tax impact 222 678 (24) 659
Other comprehensive income (loss) (432) (1,315) 123 (2,481)
Comprehensive income 6,400 7,254 10,840 9,949
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.