As Reported Financial Statements

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As Reported Financials

Source Document Currency Code (in thousands) 2009 Y 9/30/2010 USD 2010 Y 9/30/2011 USD 2011 Y 9/30/2012 USD 2012 Y 9/30/2012 USD
Source Document Currency Code 2009 Y 9/30/2010 USD 2010 Y 9/30/2011 USD 2011 Y 9/30/2012 USD 2012 Y 9/30/2012 USD

Interest and Dividend Income

Interest and fees on mortgage loans 20,024 20,127 18,953 17,843
Interest on mortgage-backed securities 9,187 6,879 5,675 5,199
Interest on commercial loans 3,096 4,218 5,146 5,634
Interest on consumer and other loans 4,772 4,380 4,046 3,686
Interest on taxable investments 2,986 3,385 2,905 1,463
Interest on tax-exempt investments 1,267 1,026 845 704
Dividends on investment securities 11 3 3 4
Total interest and dividend income 41,343 40,018 37,573 34,533

Interest Expense

Interest on deposits 10,957 9,034 7,488 5,817
Interest on borrowings 13,929 12,713 11,546 9,278
Total interest expense 24,886 21,747 19,034 15,095
Net Interest Income 16,457 18,271 18,539 19,438
Provision for Loan Losses 400 600 1,150 930
Net Interest Income, after Provision for Loan Losses 16,057 17,671 17,389 18,508

Other Income

Customer service fees 663 641 549 578
Impairment of equity securities (449) NA NA NA
Realized losses on securities (5) NA NA NA
Realized gains on securities NA NA 0 34
Realized gains on loans, net NA NA 0 34
Income on bank-owned life insurance 502 512 1,548 486
Other income 760 834 889 1,038
Total other income 1,471 1,987 2,986 2,170

Other Expenses

Salaries and employee benefits 6,219 6,946 7,403 7,733
Occupancy and equipment 1,199 1,336 1,382 1,388
Deposit insurance premiums 1,085 906 727 553
Data processing 567 649 743 753
Other 2,457 2,865 2,870 3,061
Total other expenses 11,527 12,702 13,125 13,488
Income before Income Tax Expense 6,001 6,956 7,250 7,190
Income tax expense 1,285 1,948 1,855 2,137
Net Income 4,716 5,008 5,395 5,053

Earnings Per Share

Basic 1.31 1.37 1.45 1.35
Diluted 1.31 1.36 1.44 1.33

Weighted Average Shares Outstanding

Basic 3,598,662 3,658,300 3,726,599 3,747,729
Diluted 3,610,569 3,685,004 3,758,281 3,811,447

Consolidated Statements of Comprehensive Income

Net Income NA NA 5,395 5,053

Other Comprehensive Income (Loss)

Unrealized gain (loss) on securities available for sale, net of tax NA NA (36) 102
Total Comprehensive Income NA NA 5,359 5,155
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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