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Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document9/30/20149/30/20159/30/20169/30/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
INTEREST INCOME 
Loans, including fees 21,12620,96121,43922,87612,873
Securities 
Taxable 4,2554,5234,1113,8261,811
Tax-exempt 1,5651,7302,0862,3351,328
Dividend income 200245303310156
Interest-bearing deposits with banks 29354810962
Total interest income 27,17527,49427,98729,45616,230
INTEREST EXPENSE 
Deposits 2,7992,3812,4272,4901,241
Federal funds purchased NANA017
Repurchase agreements 63332
Borrowings from Federal Home Loan Bank 1,0599681,1721,512804
Loans payable 722031761610
Total interest expense 3,9363,5553,7784,1672,054
Net interest income 23,23923,93924,20925,28914,176
Provision for loan losses 1,8581,246859637681
Net interest income after provision for loan losses 21,38122,69323,35024,65213,495
NONINTEREST INCOME 
Service charges on deposit accounts 1,2511,2631,3261,221642
Net gain on sales of available for sale securities 1123NANANA
Net gain (loss) on trading account securities 464704440748(71)
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 NANANANA238
Net gain on sales of loans, Small Business Administration NANANANA1,803
Increase in cash surrender value of life insurance 387496479448213
Gain on life insurance NA08310189
Commission income 293331373369205
Real estate lease income 3175686284890
Net gain on sale of premises and equipment NANA016823
Net gain on sale of real estate development NANA01,862NA
Loss on tax credit investment NANA0(4,236)(226)
Other income 1,0351,2741,0751,158720
Total noninterest income 4,2585,0465,9763,3723,736
NONINTEREST EXPENSE 
Compensation and benefits 10,51011,16711,80912,8587,198
Occupancy and equipment 2,2602,5552,6222,6981,291
Data processing 1,1861,2371,3901,587702
Advertising 449400530545237
Professional fees 9141,2761,1721,259500
FDIC insurance premiums 473443460502229
Net (gain) loss on other real estate owned 181230128(109)
Other operating expenses 3,1592,9643,0152,9581,558
Total noninterest expense 19,13220,27220,99922,43511,606
Income before income taxes 6,5077,4678,3275,5895,625
Income tax expense 
Less - reclassification adjustment for realized gains included in net income (1)(123)NANANA
Income tax expense 148(192)(897)1,094
Net of tax amount 0(75)NANANA
Net Income 4,6965,3906,7517,9114,531
Preferred stock dividends declared 171171171620
Net Income Available to Common Shareholders 4,5255,2196,5807,8494,531
Net income per common share 
Basic 2.092.463.073.572.05
Diluted 1.992.342.933.411.94
Weighted average common shares outstanding 
Basic 2,168,7702,122,8802,140,6322,200,2582,212,955
Diluted 2,269,0632,229,3142,247,9662,303,6282,336,746
Dividends per common share 0.70.430.470.510.27
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
Net Income 4,6965,3906,7517,9114,531
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(4,616)
Income tax benefit (expense) 1,8112,0771,576(2,322)1,623
Net of tax amount (4,141)2,4603571,734(2,993)
Other Comprehensive Income (Loss) (4,141)2,3853571,734(2,993)
Comprehensive Income 5557,7757,1089,6451,538


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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