As Reported Financial Statements

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As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 9/30/2015 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD
Source Document Currency Code 2014 Y 9/30/2015 USD 2015 Y 9/30/2016 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD

Interest and Dividend Income

Interest and fees on mortgage loans 14,083 13,968 13,869 13,861
Interest on commercial loans 5,798 6,022 6,770 7,322
Interest on consumer and other loans 3,586 3,709 3,729 3,665
Interest on mortgage-backed securities 3,873 3,193 2,878 2,641
Interest on taxable investments 1,275 1,294 870 599
Interest on tax-exempt investments 623 606 588 472
Total interest and dividend income 29,238 28,792 28,704 28,560

Interest Expense

Interest on deposits 3,237 2,318 2,162 2,400
Interest on short-term borrowings 109 125 146 46
Interest on long-term debt 6,815 6,380 5,839 5,050
Total interest expense 10,161 8,823 8,147 7,496
Net Interest Income 19,077 19,969 20,557 21,064
Provision for Loan Losses 880 875 730 664
Net Interest Income, after Provision for Loan Losses 18,197 19,094 19,827 20,400

Other Income

Customer service fees and debit card income NA 762 1,189 1,286
Customer service fees 533 NA NA NA
Realized gains on securities 709 221 0 173
Income on bank-owned life insurance 416 404 394 392
Other income 1,134 1,026 875 750
Total other income 2,792 2,413 2,458 2,601

Other Expenses

Salaries and employee benefits 7,834 8,221 7,950 8,248
Occupancy and equipment 1,374 1,306 1,234 1,321
Deposit insurance premiums 636 614 538 219
Data processing 875 975 1,056 1,222
Other 2,913 3,031 3,164 3,601
Total other expenses 13,632 14,147 13,942 14,611
Income before Income Tax Expense 7,357 7,360 8,343 8,390
Income tax expense 2,440 2,434 2,862 2,740
Net Income 4,917 4,926 5.48 5,650

Earnings Per Share

Basic 1.30 1.33 1.48 1.51
Diluted 1.21 1.30 1.45 1.48

Weighted Average Shares Outstanding

Basic 3,789,714 3,714,089 3,699,292 3,730,021
Diluted 3,858,312 3,793,381 3,775,173 3,818,833

Consolidated Statements of Comprehensive Income

Net Income 4,917 4,926 5,481 5,650

Other Comprehensive Income (Loss)

Unrealized (losses) gain on available-for-sale-securities (23) (2) 2 (6)
Income tax effect 7 1 0 1
Reclassification adjustment for investment security gains included in net income 0 NA NA NA
Reclassification adjustment for investment security gains included in net income Income tax effect 0 NA NA NA
Other comprehensive (loss) gain, net of tax (16) (1) 2 (5)
Comprehensive income 4,901 4,925 5,483 5,645
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.

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