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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 6/30/2016 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD 2019 Q3 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 6/30/2016 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD 2019 Q3 YTD 3/31/2019 USD

Interest and dividend income

Loans, including fees 11,034 11,211 12,333 13,937 12,123
Securities, taxable 1,887 1,880 1,678 1,997 1,641
Securities, tax-exempt 1,363 1,399 1,434 1,472 1,177
Federal bank and other restricted stocks NA NA NA NA 63
Federal funds sold and other interest-bearing deposits 73 117 122 151 73
Total interest and dividend income 14,357 14,607 15,567 17,557 15,077

Interest expense

Deposits 736 679 792 1,210 1,881
Short-term borrowings 31 39 90 240 38
Federal Home Loan Bank advances 182 184 226 221 243
Total interest expense 949 902 1,108 1,671 2,162
Net interest income 13,408 13,705 14,459 15,886 12,915
Provision for loan losses 430 1,498 596 310 (555)
Net interest income after provision for loan losses 12,978 12,207 13,863 15,576 13,470

Noninterest income

Service charges on deposit accounts 1,229 1,269 1,245 1,200 935
Debit card interchange income 916 948 1,161 1,333 1,065
Bank owned life insurance income 183 193 246 270 203
Gain on sale of mortgage loans 231 186 258 367 NA
Securities gains (losses), net 160 202 209 33 561
Loss on disposition of other real estate owned 30 2 (35) (2) NA
Other 225 188 166 190 535
Total noninterest income 2,974 2,988 3,250 3,391 3,299

Noninterest expenses

Salaries and employee benefits 6,831 6,933 7,136 7,692 6,203
Occupancy and equipment 1,456 1,612 1,888 1,867 1,546
Data processing expenses 573 578 583 601 461
Debit card processing expenses 462 463 636 754 565
Professional and director fees 438 447 608 523 481
FDIC assessments 226 268 175 168 114
Franchise taxes 315 334 336 343 266
Marketing and advertising 248 302 267 308 322
Loan and collection expenses 125 197 155 117 NA
Telephone and network communications 288 321 305 307 201
Other 1,314 1,314 1,389 1,557 1,217
Total noninterest expenses 12,276 12,769 13,478 14,237 11,376
Income before income taxes 3,676 2,426 3,635 4,730 5,393
Income tax expense 718 279 641 1,149 836
Net income 2,958 2,147 2,994 3,581 4,557
Basic earnings per share 1.09 NA NA NA NA
Diluted earnings per share 1.08 NA NA NA NA
Basic and diluted earnings per share NA 0.79 1.10 1.31 1.67

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 2,958 2,147 2,994 3,581 4,557

Other comprehensive income (loss), net of tax

Net change in unrealized gains (losses) on securities available-for-sale
Unrealized gains (losses) arising during the period (421) 2,460 (2,737) (2,711) 2,840
Reclassification adjustment for (gains) losses included in income (160) (202) (209) (33) (561)
Net unrealized gains (losses) (581) 2,258 (2,946) (2,744) 2,279
Income tax effect 197 (768) 1,002 650 (480)
Other comprehensive income (loss) (384) 1,490 (1,944) (2,094) 1,799
Total comprehensive income (loss) 2,574 3,637 1,050 1,487 6,356
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