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 Q3 YTD 9/30/2018 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 Q3 YTD 9/30/2018 USD

Interest income

Loans

Taxable 20,802 21,077 21,010 20,952 17,227
Tax-exempt 328 268 244 134 216

Investment securities

Taxable 4,119 4,584 4,551 4,686 3,843
Tax-exempt 2,601 3,068 3,425 3,928 3,044
Total interest income 27,850 28,997 29,230 29,700 24,330

Interest expense

Deposits 1,235 1,071 1,134 1,569 2,005
Subordinated debentures 686 699 787 898 NA
Borrowings 1,265 1,311 1,270 1,118 1,715
Total interest expense 3,186 3,081 3,191 3,585 3,720
Net interest income 24,664 25,916 26,039 26,115 20,610
Provision for loan losses 600 (700) 500 450 900
Net interest income after provision for loan losses 24,064 26,616 25,539 25,665 19,710

Non-interest income

Fees and service charges 7,424 7,331 7,268 7,358 5,376
Gains on sales of loans, net 5,880 7,993 5,476 5,390 4,105
Bank owned life insurance 523 514 508 912 481
(Losses) gains on sales of investment securities, net 99 (119) 558 498 20
Other 1,145 1,291 1,040 1,073 2,239
Total non-interest income 15,071 17,010 14,850 15,231 12,221

Non-interest expense

Compensation and benefits 14,347 15,230 15,313 15,141 11,999
Occupancy and equipment 4,397 4,252 4,334 4,283 3,258
Professional fees 1,096 1,048 1,081 1,695 1,204
Data processing 1,416 1,391 1,419 1,402 1,135
Amortization of intangibles 1,296 1,355 1,397 1,258 838
Advertising 534 618 573 589 498
Federal deposit insurance premiums 518 433 369 292 217
Foreclosure and real estate owned expense 102 65 258 238 49
Deposit-related loss NA 0 0 8,082 0
Other 4,354 4,814 4,370 4,444 3,520
Total non-interest expense 28,060 29,206 29,114 37,424 22,718
Earnings (loss) before income taxes 11,075 14,420 11,275 3,472 9,213
Income tax expense (benefit) 3,026 3,914 2,314 (897) 1,249

Net earnings (loss)

Net earnings (loss) 8,049 10,506 8,961 4,369 7,964

Earnings (loss) per share

Basic 2.19 2.71 2.24 1.07 1.93
Diluted 2.16 2.64 2.20 1.06 1.92
Dividends per share NA NA NA NA 0.60

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net earnings (loss) 8,049 10,506 8,961 4,369 7,964
Net unrealized holding (losses) gains on available-for-sale securities 4,445 437 (5,021) 2,131 (9,229)
Reclassification adjustment for net losses (gains) included in earnings (99) 119 (558) (498) (20)
Net unrealized (losses) gains 4,346 556 (5,579) 1,633 (9,249)
Income tax effect on net losses (gains) included in earnings 37 (44) 206 184 5
Income tax effect on net unrealized holding losses (gains) (1,639) (155) 1,850 (807) 2,262
Other comprehensive (loss) income 2,744 357 (3,523) 1,010 (6,982)
Total comprehensive income (loss) 10,793 10,863 5,438 5,379 982
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