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 Q1 YTD 3/31/2017 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 Q1 YTD 3/31/2017 USD

Interest income

Loans

Taxable 16,699 20,802 21,077 21,010 5,019
Tax-exempt 261 328 268 244 35

Investment securities

Taxable 2,801 4,119 4,584 4,551 1,192
Tax-exempt 2,351 2,601 3,068 3,425 942
Total interest income 22,112 27,850 28,997 29,230 7,188

Interest expense

Deposits 1,377 1,235 1,071 1,134 338
Subordinated debentures 446 686 699 787 NA
Borrowings 1,258 1,265 1,311 1,270 482
Total interest expense 3,081 3,186 3,081 3,191 820
Net interest income 19,031 24,664 25,916 26,039 6,368
Provision for loan losses 800 600 (700) 500 50
Net interest income after provision for loan losses 18,231 24,064 26,616 25,539 6,318

Non-interest income

Fees and service charges 5,757 7,424 7,331 7,268 1,715
Gains on sales of loans, net 3,777 5,880 7,993 5,476 1,389
Bank owned life insurance 561 523 514 508 117
Gains on sales of investment securities, net 0 99 (119) 558 147
Other 610 1,145 1,291 1,040 273
Total non-interest income 10,705 15,071 17,010 14,850 3,641

Non-interest expense

Compensation and benefits 10,578 14,347 15,230 15,313 3,757
Occupancy and equipment 3,333 4,397 4,252 4,334 1,024
Acquisition costs 1,886 NA NA NA NA
Data processing 992 1,416 1,391 1,419 330
Amortization of intangibles 749 1,296 1,355 1,397 298
Professional fees 1,102 1,096 1,048 1,081 290
Advertising 435 534 618 573 166
Federal deposit insurance premiums 441 518 433 369 72
Foreclosure and real estate owned expense 370 102 65 258 52
Other 3,649 4,354 4,814 4,370 1,072
Total non-interest expense 23,535 28,060 29,206 29,114 7,061
Earnings before income taxes 5,401 11,075 14,420 11,275 2,898
Income tax expense 746 3,026 3,914 2,314 693
Net earnings 4,655 8,049 10,506 8,961 2,205

Earnings per share

Basic 1.37 2.19 2.85 2.35 0.57
Diluted 1.35 2.16 2.77 2.31 0.56
Dividends per share NA NA NA NA 0.20

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net earnings 4,655 8,049 10,506 8,961 2,205
Net unrealized holding gains on available-for-sale securities (6,967) 4,445 437 (5,021) 522
Less reclassification adjustment for net gains included in earnings 0 (99) 119 (558) (147)
Net unrealized gains (6,967) 4,346 556 (5,579) 375
Income tax effect on net gains included in earnings 0 37 (44) 206 54
Income tax effect on net unrealized holding gains 2,583 (1,639) (155) 1,850 (200)
Other comprehensive income (4,384) 2,744 357 (3,523) 229
Total comprehensive income 271 10,793 10,863 5,438 2,434
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.