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Income Statement

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As-reported financial charting
 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document9/30/20169/30/20179/30/20179/30/20176/30/2018
(in thousands)     
Interest and Dividend Income 
Loans, including fees 17,73616,48421,20630,84126,821
Investment securities, taxable 2,1093,0732,8241,561832
Investment securities, tax-exempt 145522751492191
Dividends, restricted stock 123311250257333
Interest-bearing cash accounts 54722136311,236
Total Interest and Dividend Income 20,16720,46225,24433,78229,413
Interest Expense 
Deposits 3,9693,4314,5376,2366,641
Short-term borrowings NA003454
Long-term borrowings 1,1021,8172,1952,1761,648
Subordinated debt NA001,0001,144
Total Interest Expense 5,0715,2486,7329,4469,487
Net interest income 15,09615,21418,51224,33619,926
Provision for Loan Losses 263909472,791829
Net Interest Income after Provision for Loan Losses 14,83315,12417,56521,54519,097
Other Income 
Service charges and other fees 9479899239921,038
Rental income-other 255249211227196
Net gains on sales of investments 835155654630
Gain on disposal of fixed assets (41)010NA
Net gains on sale of real estate NANANANA1,186
Net gains on sale of loans 35210211615496
Earnings on bank-owned life insurance 559680517505359
Total Other Income 2,1552,5352,3332,3412,875
Other Expense 
Salaries and employee benefits 7,7705,9986,2907,1146,015
Occupancy expense 2,0911,7151,8202,0841,725
Federal deposit insurance premium 735784579244227
Advertising 561239131216122
Data processing 1,2451,2361,1281,195819
Professional fees 2,2051,5711,6831,8942,326
Other real estate owned (income) expense, net (299)(46)27(172)NA
Other operating expenses 2,3362,4642,2642,5722,132
Total Other Expense 16,64413,96113,92215,14713,366
Income before income tax expense 3443,6985,9768,7398,606
Income tax expense (367)(970)(6,174)2,9223,942
Net Income 7114,66812,1505,8174,664
Earnings Per Common Share 
Basic 0.110.731.90.90.72
Weighted Average Common Shares Outstanding 
Basic 6,378,930,0006,393,3306,409,2656,431,4456,449,089
Diluted 006,409,3256,432,1376,452,068
Dividends Declared Per Share
Net income 7114,66812,1505,8174,664
Other Comprehensive Income (loss), Net of Tax 
Unrealized holding gains (losses) on available-for-sale securities 9371,3991,405(181)(185)
Tax effect (482)(721)(723)9421
Net of tax amount 1,4192,1202,128(275)(164)
Reclassification adjustment for net gains arising during the period (83)(515)(565)(463)0
Tax effect Reclassification adjustment for net gains arising during the period 291751921570
Net of tax amount Reclassification adjustment for net gains arising during the period (54)(340)(373)(306)0
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 05997
Tax effect Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 0(2)(3)(3)(2)
Net of tax amount Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 03665
Fair value adjustments on derivatives 0(348)(194)918748
Tax effect Fair value adjustments on derivatives 012172(312)(158)
Net of tax amount Fair value adjustments on derivatives 0(336)(22)606590
Total other comprehensive income (loss) 8837261,016125431
Total comprehensive income 1,5945,39413,1665,9425,095

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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