As Reported Financials

Document Name As Of Date Currency Code (in thousands)	2017 Y 10-K 12/31/2017 USD	2018 Y 10-K 12/31/2018 USD	2019 Y 10-K 12/31/2019 USD	2020 Y 10-K 12/31/2020 USD
Document Name As Of Date Currency Code	2017 Y 10-K 12/31/2017 USD	2018 Y 10-K 12/31/2018 USD	2019 Y 10-K 12/31/2019 USD	2020 Y 10-K 12/31/2020 USD
Interest income
Loans receivable
Real estate loans	22,697	27,091	37,574	35,875
Commercial loans	4,143	5,079	6,451	8,162
Consumer loans	19	222	430	830
Total loan interest	26,859	32,392	44,455	44,867
Securities	6,434	6,881	6,948	6,512
Other interest earning assets	65	177	847	242
Total interest income	33,358	39,450	52,250	51,621
Interest expense
Deposits	2,059	3,799	8,359	5,321
Repurchase agreements	113	176	233	87
Borrowed funds	420	1,116	500	332
Total interest expense	2,592	5,091	9,092	5,740
Net interest income	30,766	34,359	43,158	45,881
Provision for loan losses	1,200	1,308	2,584	3,687
Net interest income after provision for loan losses	29,566	33,051	40,574	42,194
Noninterest income
Gain on sale of loans held-for-sale, net	1,200	1,619	2,071	7,588
Fees and service charges	3,311	3,866	4,737	5,161
Gain on sale of securities, net	860	1,200	621	2,348
Wealth management operations	1,711	1,696	1,915	2,138
Increase in cash value of bank owned life insurance	460	494	688	708
Gain on sale of foreclosed real estate	103	54	78	78
Benefit from bank owned life insurance	NA	0	205	0
Other	107	170	355	127
Total noninterest income	7,752	9,099	10,670	18,148
Noninterest expense
Compensation and benefits	14,219	16,412	19,617	22,065
Occupancy and equipment	3,281	3,653	4,548	4,933
Data processing	1,453	2,467	2,967	2,267
Federal deposit insurance premiums	336	410	300	788
Marketing	595	707	926	732
Professional services	443	713	803	640
Statement and check processing	383	NA	NA	NA
Other	4,778	7,021	8,227	9,421
Total noninterest expense	25,488	31,383	37,388	40,846
Income before income tax expenses	11,830	10,767	13,856	19,496
Income tax expenses	2,869	1,430	1,759	2,892
Net income	8,961	9,337	12,097	16,604
Earnings per common share
Basic	3.13	3.17	3.53	4.80
Diluted	3.13	3.17	3.53	4.80
Dividends declared per common share	1.15	1.19	1.23	1.24
Consolidated Statements of Comprehensive Income
Net income	8,961	9,337	12,097	16,604
Net change in net unrealized gains and losses on securities available-for-sale
Unrealized gain arising during the period	4,009	(3,211)	9,547	10,169
Less - reclassification adjustment for gains included in net income	(860)	(1,200)	(621)	(2,348)
Net securities gain during the period	3,149	(4,411)	8,926	7,821
Tax effect	(1,070)	931	(1,869)	(1,641)
Net of tax amount	2,079	(3,480)	7,057	6,180
Comprehensive income, net of tax	11,040	5,857	19,154	22,784

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.

As Reported Financials

As Reported Financials

Income Statement

Interest income

Loans receivable

Interest expense

Noninterest income

Noninterest expense

Earnings per common share

Consolidated Statements of Comprehensive Income

Net change in net unrealized gains and losses on securities available-for-sale