As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Interest income

Loans

Taxable 21,077 21,010 20,952 23,642
Tax-exempt 268 244 134 244

Investment securities

Taxable 4,584 4,551 4,686 5,299
Tax-exempt 3,068 3,425 3,928 3,968
Total interest income 28,997 29,230 29,700 33,153

Interest expense

Deposits 1,071 1,134 1,569 3,056
Subordinated debentures 699 787 898 1,079
Borrowings 1,311 1,270 1,118 1,230
Total interest expense 3,081 3,191 3,585 5,365
Net interest income 25,916 26,039 26,115 27,788
Provision for loan losses (700) 500 450 1,400
Net interest income after provision for loan losses 26,616 25,539 25,665 26,388

Non-interest income

Fees and service charges 7,331 7,268 7,358 7,289
Gains on sales of loans, net 7,993 5,476 5,390 5,023
Increase in cash surrender value of bank owned life insurance 514 508 912 644
Gains on sales of investment securities, net (119) 558 498 20
Other 1,291 1,040 1,126 2,595
Total non-interest income 17,010 14,850 15,284 15,571

Non-interest expense

Compensation and benefits 15,230 15,313 15,141 16,042
Occupancy and equipment 4,252 4,334 4,283 4,333
Data processing 1,391 1,419 1,402 1,525
Amortization of intangibles 1,355 1,397 1,258 1,111
Professional fees 1,048 1,081 1,695 1,677
Advertising 618 573 589 589
Federal deposit insurance premiums 433 369 292 291
Foreclosure and real estate owned expense 65 258 238 100
Deposit-related loss 0 0 8,082 0
Other 4,814 4,370 4,497 4,697
Total non-interest expense 29,206 29,114 37,477 30,365
Earnings before income taxes 14,420 11,275 3,472 11,594
Income tax expense (benefit) 3,914 2,314 (897) 1,168
Net earnings 10,506 8,961 4,369 10,426

Earnings per share

Basic 2.71 2.13 1.02 2.40
Diluted 2.64 2.10 1.01 2.39

Consolidated Statements of Comprehensive Income

Net earnings 10,506 8,961 4,369 10,426
Net unrealized holding (losses) gains on available-for-sale securities 437 (5,021) 2,131 (4,721)
Less reclassification adjustment on gains included in earnings 119 (558) (498) (20)
Net unrealized (losses) gains 556 (5,579) 1,633 (4,741)
Income tax effect on net gains included in earnings (44) 206 184 5
Income tax effect on net unrealized holding (losses) gains (155) 1,850 (807) 1,157
Other comprehensive (loss) income 357 (3,523) 1,010 (3,579)
Total comprehensive income 10,863 5,438 5,379 6,847
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