As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD

Interest income

Loans

Taxable 20,802 21,077 21,010 20,952 11,059
Tax-exempt 328 268 244 134 64

Investment securities

Taxable 4,119 4,584 4,551 4,686 2,502
Tax-exempt 2,601 3,068 3,425 3,928 2,059
Total interest income 27,850 28,997 29,230 29,700 15,684

Interest expense

Deposits 1,235 1,071 1,134 1,569 1,172
Subordinated debentures 686 699 787 898 NA
Borrowings 1,265 1,311 1,270 1,118 1,082
Total interest expense 3,186 3,081 3,191 3,585 2,254
Net interest income 24,664 25,916 26,039 26,115 13,430
Provision for loan losses 600 (700) 500 450 450
Net interest income after provision for loan losses 24,064 26,616 25,539 25,665 12,980

Non-interest income

Fees and service charges 7,424 7,331 7,268 7,358 3,564
Gains on sales of loans, net 5,880 7,993 5,476 5,390 2,629
Bank owned life insurance 523 514 508 912 321
Gains on sales of investment securities, net 99 (119) 558 498 35
Other 1,145 1,291 1,040 1,073 1,105
Total non-interest income 15,071 17,010 14,850 15,231 7,654

Non-interest expense

Compensation and benefits 14,347 15,230 15,313 15,141 7,755
Occupancy and equipment 4,397 4,252 4,334 4,283 2,150
Amortization of intangibles 1,296 1,355 1,397 1,258 560
Data processing 1,416 1,391 1,419 1,402 741
Professional fees 1,096 1,048 1,081 1,695 818
Advertising 534 618 573 589 332
Federal deposit insurance premiums 518 433 369 292 144
Foreclosure and real estate owned expense 102 65 258 238 25
Deposit-related loss NA 0 0 8,082 NA
Other 4,354 4,814 4,370 4,444 2,481
Total non-interest expense 28,060 29,206 29,114 37,424 15,006
Earnings before income taxes 11,075 14,420 11,275 3,472 5,628
Income tax expense 3,026 3,914 2,314 (897) 684
Net earnings 8,049 10,506 8,961 4,369 4,944

Earnings per share

Basic 2.19 2.71 2.24 1.07 1.20
Diluted 2.16 2.64 2.20 1.06 1.19
Dividends per share NA NA NA NA 0.40

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net earnings 8,049 10,506 8,961 4,369 4,944
Net unrealized holding (losses) gains on available-for-sale securities 4,445 437 (5,021) 2,131 (6,699)
Reclassification adjustment for net gains included in earnings (99) 119 (558) (498) (35)
Net unrealized (losses) gains 4,346 556 (5,579) 1,633 (6,734)
Income tax effect on net gains included in earnings 37 (44) 206 184 9
Income tax effect on net unrealized holding losses (gains) (1,639) (155) 1,850 (807) 1,641
Other comprehensive (loss) income 2,744 357 (3,523) 1,010 (5,084)
Total comprehensive income (loss) 10,793 10,863 5,438 5,379 (140)
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