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Income Statement

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 2014 Y2015 Y2016 Y2017 Y
Source Document9/30/20159/30/20179/30/20179/30/2017
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
INTEREST INCOME 
Loans, including fees 20,96121,43922,87627,093
Securities 
Taxable 4,5233,9713,6913,315
Tax-exempt 1,7302,2262,4703,012
Dividend income 245303310313
Interest-bearing deposits with banks 3548109184
Total interest income 27,49427,98729,45633,917
INTEREST EXPENSE 
Deposits 2,3812,4272,4902,762
Federal funds purchased NA0123
Repurchase agreements 3333
Borrowings from Federal Home Loan Bank 9681,1721,5121,669
Loans payable 2031761610
Total interest expense 3,5553,7784,1674,457
Net interest income 23,93924,20925,28929,460
Provision for loan losses 1,2468596371,301
Net interest income after provision for loan losses 22,69323,35024,65228,159
NONINTEREST INCOME 
Service charges on deposit accounts 1,2631,3261,2211,355
Net gain on sales of available for sale securities 1230030
Net gain on trading account securities 704440748200
Net gain on sales of loans 287NANANA
Net gain on sales of loans, residential mortgage NA411430530
Net gain on sales of loans, Small Business Administration NA4137154,204
Increase in cash surrender value of life insurance 496479448433
Gain on life insurance 08310189
Commission income 331373369379
Real estate lease income 5686284890
Net gain on sale of premises and equipment NA016838
Net gain on sale of real estate development NA01,8620
Loss on tax credit investment NA0(4,236)(226)
Other income 1,2741,0751,1581,493
Total noninterest income 5,0465,9763,3728,625
NONINTEREST EXPENSE 
Compensation and benefits 11,16711,80912,85815,089
Occupancy and equipment 2,5552,6222,6982,788
Data processing 1,2371,3901,5871,357
Advertising 400530545538
Professional fees 1,2761,1721,2591,527
FDIC insurance premiums 443460502490
Net (gain) loss on other real estate owned 230128(113)
Other operating expenses 2,9643,0152,9583,275
Total noninterest expense 20,27220,99922,43524,951
Income before income taxes 7,4678,3275,58911,833
Income tax (benefit) expense 2,0771,576(2,322)2,520
Net Income 5,3906,7517,9119,313
Preferred stock dividends declared 171171620
Net Income Available to Common Shareholders 5,2196,5807,8499,313
Net income per common share 
Basic 2.463.073.574.2
Diluted 2.342.933.413.97
Weighted average common shares outstanding 
Basic 2,122,8802,140,6322,200,2582,219,088
Diluted 2,229,3142,247,9662,303,6282,346,008
Dividends per common share 0.430.470.510.55
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net Income 5,3906,7517,9119,313
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX 
Unrealized gains (losses) on securities available for sale 
Unrealized holding gains (losses) arising during the period 3,7955492,631(2,743)
Income tax benefit (expense) 48(192)(897)977
Net of tax amount (75)NANANA
Net of tax amount of Unrealized holding gains (losses) arising during the period 2,4603571,734(1,766)
Less - reclassification adjustment for realized gains included in net income (123)00(30)
Income tax expense NA0010
Net of tax amount of reclassification adjustment for realized gains included in net income NA00(20)
Other Comprehensive Income (Loss) 2,3853571,734(1,786)
Comprehensive Income 7,7757,1089,6457,527


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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