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Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document9/30/20149/30/20159/30/20169/30/20166/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
INTEREST INCOME 
Loans, including fees 21,12620,96121,43922,87619,781
Securities 
Taxable 4,2554,5234,1113,8262,691
Tax-exempt 1,5651,7302,0862,3352,082
Dividend income 200245303310235
Interest-bearing deposits with banks 293548109105
Total interest income 27,17527,49427,98729,45624,894
INTEREST EXPENSE 
Deposits 2,7992,3812,4272,4901,930
Federal funds purchased NANA0121
Repurchase agreements 63333
Borrowings from Federal Home Loan Bank 1,0599681,1721,5121,232
Loans payable 722031761610
Total interest expense 3,9363,5553,7784,1673,186
Net interest income 23,23923,93924,20925,28921,708
Provision for loan losses 1,8581,2468596371,002
Net interest income after provision for loan losses 21,38122,69323,35024,65220,706
NONINTEREST INCOME 
Service charges on deposit accounts 1,2511,2631,3261,221971
Net gain on sales of available for sale securities 1123NANA30
Net gain on trading account securities 464704440748113
Unrealized loss on derivative contract 0NANANANA
Net gain on sales of loans 5102874111,145NA
Net unrealized gain on loans held for sale NANA4130NA
Net gain on sales of loans, residential mortgage NANANANA342
Net gain on sales of loans, Small Business Administration NANANANA2,741
Increase in cash surrender value of life insurance 387496479448318
Gain on life insurance NA08310189
Commission income 293331373369283
Real estate lease income 3175686284890
Net gain on sale of premises and equipment NANA016830
Net gain on sale of real estate development NANA01,862NA
Loss on tax credit investment NANA0(4,236)(226)
Other income 1,0351,2741,0751,1581,068
Total noninterest income 4,2585,0465,9763,3725,859
NONINTEREST EXPENSE 
Compensation and benefits 10,51011,16711,80912,85811,035
Occupancy and equipment 2,2602,5552,6222,6981,990
Data processing 1,1861,2371,3901,5871,031
Advertising 449400530545363
Professional fees 9141,2761,1721,259919
FDIC insurance premiums 473443460502342
Net (gain) loss on other real estate owned 181230128(123)
Other operating expenses 3,1592,9643,0152,9582,354
Total noninterest expense 19,13220,27220,99922,43517,911
Income (loss) before income taxes 6,5077,4678,3275,5898,654
Income tax (benefit) expense 1,8112,0771,576(2,322)1,680
Net Income 4,6965,3906,7517,9116,974
Preferred stock dividends declared 171171171620
Net Income Available to Common Shareholders 4,5255,2196,5807,8496,974
Net income per common share 
Basic 2.092.463.073.573.15
Diluted 1.992.342.933.412.98
Weighted average common shares outstanding 
Basic 2,168,7702,122,8802,140,6322,200,2582,217,033
Diluted 2,269,0632,229,3142,247,9662,303,6282,340,688
Dividends per common share 0.70.430.470.510.41
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net Income 4,6965,3906,7517,9116,974
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX 
Unrealized gains (losses) on securities available for sale 
Unrealized holding gains (losses) arising during the period (6,443)3,7955492,631(2,309)
Less - reclassification adjustment for realized gains included in net income (1)(123)NANANA
Income tax benefit (expense) 148(192)(897)823
Net of tax amount (4,141)2,4603571,734(1,486)
Less - reclassification adjustment for realized gains included in net income NANANANA(30)
Income tax expense NANANANA10
Net of tax amount NANANANA(20)
Other Comprehensive Income (Loss) (4,141)2,3853571,734(1,506)
Comprehensive Income 5557,7757,1089,6455,468


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.

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