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 Q1 YTD 3/31/2018 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 Q1 YTD 3/31/2018 USD

Interest income

Loans

Taxable 20,802 21,077 21,010 20,952 5,350
Tax-exempt 328 268 244 134 29

Investment securities

Taxable 4,119 4,584 4,551 4,686 1,197
Tax-exempt 2,601 3,068 3,425 3,928 1,025
Total interest income 27,850 28,997 29,230 29,700 7,601

Interest expense

Deposits 1,235 1,071 1,134 1,569 541
Subordinated debentures 686 699 787 898 NA
Borrowings 1,265 1,311 1,270 1,118 466
Total interest expense 3,186 3,081 3,191 3,585 1,007
Net interest income 24,664 25,916 26,039 26,115 6,594
Provision for loan losses 600 (700) 500 450 200
Net interest income after provision for loan losses 24,064 26,616 25,539 25,665 6,394

Non-interest income

Fees and service charges 7,424 7,331 7,268 7,358 1,756
Gains on sales of loans, net 5,880 7,993 5,476 5,390 1,161
Bank owned life insurance 523 514 508 912 159
Gains on sales of investment securities, net 99 (119) 558 498 35
Other 1,145 1,291 1,040 1,073 290
Total non-interest income 15,071 17,010 14,850 15,231 3,401

Non-interest expense

Compensation and benefits 14,347 15,230 15,313 15,141 3,789
Occupancy and equipment 4,397 4,252 4,334 4,283 1,078
Data processing 1,416 1,391 1,419 1,402 365
Amortization of intangibles 1,296 1,355 1,397 1,258 277
Professional fees 1,096 1,048 1,081 1,695 388
Advertising 534 618 573 589 167
Federal deposit insurance premiums 518 433 369 292 72
Foreclosure and real estate owned expense 102 65 258 238 13
Deposit-related loss NA 0 0 8,082 NA
Other 4,354 4,814 4,370 4,444 1,291
Total non-interest expense 28,060 29,206 29,114 37,424 7,440
Earnings before income taxes 11,075 14,420 11,275 3,472 2,355
Income tax expense 3,026 3,914 2,314 (897) 256
Net earnings 8,049 10,506 8,961 4,369 2,099

Earnings per share

Basic 2.19 2.71 2.24 1.07 0.51
Diluted 2.16 2.64 2.20 1.06 0.51
Dividends per share NA NA NA NA 0.20

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net earnings 8,049 10,506 8,961 4,369 2,099
Net unrealized holding (losses) gains on available-for-sale securities 4,445 437 (5,021) 2,131 (6,376)
Less reclassification adjustment for net gains included in earnings (99) 119 (558) (498) (35)
Net unrealized (losses) gains 4,346 556 (5,579) 1,633 (6,411)
Income tax effect on net gains included in earnings 37 (44) 206 184 9
Income tax effect on net unrealized holding gains (losses) (1,639) (155) 1,850 (807) 1,562
Other comprehensive (loss) income 2,744 357 (3,523) 1,010 (4,840)
Total comprehensive (loss) income 10,793 10,863 5,438 5,379 (2,741)
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