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 2019 Q2 YTD 6/30/2019 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 2019 Q2 YTD 6/30/2019 USD

Interest income

Loans

Taxable 21,077 21,010 20,952 23,642 13,288
Tax-exempt 268 244 134 244 52

Investment securities

Taxable 4,584 4,551 4,686 5,299 2,986
Tax-exempt 3,068 3,425 3,928 3,968 1,851
Total interest income 28,997 29,230 29,700 33,153 18,177

Interest expense

Deposits 1,071 1,134 1,569 3,056 2,711
Subordinated debentures 699 787 898 1,079 NA
Borrowings 1,311 1,270 1,118 1,230 789
Total interest expense 3,081 3,191 3,585 5,365 3,500
Net interest income 25,916 26,039 26,115 27,788 14,677
Provision for loan losses (700) 500 450 1,400 600
Net interest income after provision for loan losses 26,616 25,539 25,665 26,388 14,077

Non-interest income

Fees and service charges 7,331 7,268 7,358 7,289 3,620
Gains on sales of loans, net 7,993 5,476 5,390 5,023 2,862
Bank owned life insurance 514 508 912 644 319
(Losses) gains on sales of investment securities, net (119) 558 498 20 (146)
Other 1,291 1,040 1,126 2,595 589
Total non-interest income 17,010 14,850 15,284 15,571 7,244

Non-interest expense

Compensation and benefits 15,230 15,313 15,141 16,042 8,394
Occupancy and equipment 4,252 4,334 4,283 4,333 2,162
Professional fees 1,048 1,081 1,695 1,677 839
Data processing 1,391 1,419 1,402 1,525 828
Amortization of intangibles 1,355 1,397 1,258 1,111 555
Advertising 618 573 589 589 335
Federal deposit insurance premiums 433 369 292 291 137
Foreclosure and real estate owned expense 65 258 238 100 67
Deposit-related loss 0 0 8,082 0 NA
Other 4,814 4,370 4,497 4,697 2,376
Total non-interest expense 29,206 29,114 37,477 30,365 15,693
Earnings before income taxes 14,420 11,275 3,472 11,594 5,628
Income tax expense 3,914 2,314 (897) 1,168 847
Net earnings 10,506 8,961 4,369 10,426 4,781

Earnings per share

Basic 2.71 2.13 1.02 2.40 1.09
Diluted 2.64 2.10 1.01 2.39 1.09
Dividends per share NA NA NA NA 0.40

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

Net earnings 10,506 8,961 4,369 10,426 4,781
Net unrealized holding losses (gains) on available-for-sale securities 437 (5,021) 2,131 (4,721) 10,208
Reclassification adjustment for net gains included in earnings 119 (558) (498) (20) 146
Net unrealized (losses) gains 556 (5,579) 1,633 (4,741) 10,354
Income tax effect on net (losses) gains included in earnings (44) 206 184 5 (36)
Income tax effect on net unrealized holding (gains) losses (155) 1,850 (807) 1,157 (2,501)
Other comprehensive income (loss) 357 (3,523) 1,010 (3,579) 7,817
Total comprehensive income (loss) 10,863 5,438 5,379 6,847 12,598
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