As Reported Financial Statements

 

As Reported Financials

Source Document Currency Code (in units) 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD 2018 Q2 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 9/30/2016 USD 2015 Y 9/30/2017 USD 2016 Y 9/30/2017 USD 2017 Y 9/30/2017 USD 2018 Q2 YTD 3/31/2018 USD

Interest income

Loans receivable 35,003,936 36,375,782 43,548,848 50,333,085 29,874,576
Taxable investment securities 3,617,988 3,655,493 3,742,085 4,296,231 2,059,974
Nontaxable investment securities 66,984 12,417 11,657 18,111 6,548
Federal Home Loan Bank stock 134,795 142,947 154,272 162,088 103,930
Interest-earning deposits in other financial institutions 331,045 93,432 216,736 893,787 847,193
Certificates of deposit held at other financial institutions 0 0 105,451 147,053 45,635
Restricted securities 0 0 5,013 11,007 6,298
Amortization of FDIC loss share receivable (3,507,017) (2,387,205) 0 0 NA
Total interest income 35,647,731 37,892,866 47,784,062 55,861,362 32,944,154

Interest expense

Deposits 3,255,032 2,727,372 3,452,758 4,792,943 2,937,587
Borrowings 2,474,733 2,285,550 1,955,445 1,422,003 735,040
Floating rate junior subordinated debt 0 0 221,571 504,608 277,867
Total interest expense 5,729,765 5,012,922 5,629,774 6,719,554 3,950,494

Net interest income

Net interest income 29,917,966 32,879,944 42,154,288 49,141,808 28,993,660
Provision for loan losses (712,560) 0 (250,000) (900,000) (350,000)
Net interest income after provision for loan losses 30,630,526 32,879,944 42,404,288 50,041,808 29,343,660

Noninterest income

Service charges on deposit accounts 5,815,479 6,449,248 7,043,693 7,641,351 4,096,369
Bankcard fees 3,556,754 4,032,421 4,953,645 5,510,387 3,001,732
Gain on investment securities available for sale 200,704 (27,209) 48,885 247,780 1,074
Gain (loss) on sale of other assets held for sale NA NA NA NA 265,806
Bank owned life insurance 1,252,246 1,245,382 1,225,422 1,195,445 690,888
Gain on sale of loans 1,103,586 1,612,335 2,118,012 2,418,272 1,076,523
Brokerage commissions 590,255 732,336 650,727 726,177 335,537
Recoveries on acquired loans previously covered under FDIC-assisted acquisitions 0 0 3,625,000 412,586 0
FDIC receivable for loss sharing agreements impairment (174,291) (2,434,903) 0 0 NA
Other 1,932,277 719,620 1,298,746 1,086,775 886,612
Total noninterest income 14,277,010 12,329,230 20,964,130 19,238,773 10,354,541

Noninterest expenses

Salaries and employee benefits 19,763,210 20,712,215 25,655,810 26,431,145 14,031,032
Occupancy 4,415,968 4,380,783 5,139,533 5,202,675 3,083,003
Data processing 2,912,611 2,931,736 4,427,636 4,929,336 2,578,106
Legal and professional 1,681,667 1,382,300 2,314,519 1,864,218 485,224
Marketing 1,594,155 1,639,943 1,590,171 1,631,795 806,532
Federal insurance premiums and other regulatory fees 891,615 755,872 859,125 759,834 495,956
Net cost (benefit) of operations of real estate owned 434,433 35,562 (334,954) (367,710) (48,974)
Furniture and equipment 727,627 881,465 870,675 880,218 545,904
Postage, office supplies and printing 865,853 872,837 868,674 929,768 456,516
Core deposit intangible amortization expense 380,210 266,451 415,617 560,776 381,502
Other 2,542,841 2,972,536 3,591,408 3,700,824 1,792,383
Total noninterest expenses 36,210,190 36,831,700 45,398,214 46,522,879 24,607,184
Income before income taxes 8,697,346 8,377,474 17,970,204 22,757,702 15,091,017
Income tax expense 2,742,213 2,805,312 6,106,884 8,321,597 5,444,505
Net income 5,955,133 5,572,162 11,863,320 14,436,105 9,646,512
Basic net income per share 0.29 0.35 0.83 1.01 0.67
Diluted net income per share 0.28 0.34 0.79 0.95 0.63
Weighted average number of common shares outstanding 20,591,302 15,717,421 14,371,126 14,316,609 14,464,281
Weighted average number of common and potential common shares outstanding 21,101,388 16,399,831 14,983,344 15,153,373 15,292,964

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 5,955,133 5,572,162 11,863,320 14,436,105 9,646,512
Reclassification adjustment for net gains realized in net income, net of taxes (123,233) 16,706 (30,016) (152,137) (762)
Net unrealized holding (losses) gains on investment and mortgage securities available for sale arising during the period, net of taxes 1,208,691 1,341,515 529,811 (2,089,396) (1,873,040)
Comprehensive income 7,040,591 6,930,383 12,363,115 12,194,572 7,772,710
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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We are publicly traded on the NASDAQ under the symbol CHFN.

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Routing Number: 261170876
NMLS Number: 171693

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