As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Interest income

Loans

Taxable 16,699 20,802 21,077 21,010 15,624
Tax-exempt 261 328 268 244 102

Investment securities

Taxable 2,801 4,119 4,584 4,551 3,527
Tax-exempt 2,351 2,601 3,068 3,425 2,912
Total interest income 22,112 27,850 28,997 29,230 22,165

Interest expense

Deposits 1,377 1,235 1,071 1,134 1,150
Subordinated debentures 446 686 699 787 NA
Borrowings 1,258 1,265 1,311 1,270 1,469
Total interest expense 3,081 3,186 3,081 3,191 2,619
Net interest income 19,031 24,664 25,916 26,039 19,546
Provision for loan losses 800 600 (700) 500 250
Net interest income after provision for loan losses 18,231 24,064 26,616 25,539 19,296

Non-interest income

Fees and service charges 5,757 7,424 7,331 7,268 5,528
Gains on sales of loans, net 3,777 5,880 7,993 5,476 4,301
Bank owned life insurance 561 523 514 508 750
Gains on sales of investment securities, net 0 99 (119) 558 363
Other 610 1,145 1,291 1,040 823
Total non-interest income 10,705 15,071 17,010 14,850 11,765

Non-interest expense

Compensation and benefits 10,578 14,347 15,230 15,313 11,608
Occupancy and equipment 3,333 4,397 4,252 4,334 3,228
Acquisition costs 1,886 NA NA NA NA
Amortization of intangibles 749 1,296 1,355 1,397 946
Data processing 992 1,416 1,391 1,419 1,027
Professional fees 1,102 1,096 1,048 1,081 1,244
Advertising 435 534 618 573 498
Federal deposit insurance premiums 441 518 433 369 219
Foreclosure and real estate owned expense 370 102 65 258 83
Deposit - related loss NA NA NA NA 8,082
Other 3,649 4,354 4,814 4,370 3,287
Total non-interest expense 23,535 28,060 29,206 29,114 30,222
Earnings (loss) before income taxes 5,401 11,075 14,420 11,275 839
Income tax (benefit) expense 746 3,026 3,914 2,314 (1,088)
Net (loss) earnings 4,655 8,049 10,506 8,961 1,927

Earnings (loss) per share

Basic 1.37 2.19 2.85 2.35 0.50
Diluted 1.35 2.16 2.77 2.31 0.49
Dividends per share NA NA NA NA 0.60

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net (loss) earnings 4,655 8,049 10,506 8,961 1,927
Net unrealized holding (losses) gains on available-for-sale securities (6,967) 4,445 437 (5,021) 4,046
Reclassification adjustment for net gains included in earnings 0 (99) 119 (558) (363)
Net unrealized (losses) gains (6,967) 4,346 556 (5,579) 3,683
Income tax effect on net gains included in earnings 0 37 (44) 206 134
Income tax effect on net unrealized holding gains (losses) 2,583 (1,639) (155) 1,850 (1,511)
Other comprehensive (loss) income (4,384) 2,744 357 (3,523) 2,306
Total comprehensive (loss) income 271 10,793 10,863 5,438 4,233
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