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 Q1 YTD 3/31/2019 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 Q1 YTD 3/31/2019 USD

Interest income

Loans

Taxable 21,077 21,010 20,952 23,642 6,435
Tax-exempt 268 244 134 244 26

Investment securities

Taxable 4,584 4,551 4,686 5,299 1,493
Tax-exempt 3,068 3,425 3,928 3,968 930
Total interest income 28,997 29,230 29,700 33,153 8,884

Interest expense

Deposits 1,071 1,134 1,569 3,056 1,331
Subordinated debentures 699 787 898 1,079 NA
Borrowings 1,311 1,270 1,118 1,230 357
Total interest expense 3,081 3,191 3,585 5,365 1,688
Net interest income 25,916 26,039 26,115 27,788 7,196
Provision for loan losses (700) 500 450 1,400 200
Net interest income after provision for loan losses 26,616 25,539 25,665 26,388 6,996

Non-interest income

Fees and service charges 7,331 7,268 7,358 7,289 1,689
Gains on sales of loans, net 7,993 5,476 5,390 5,023 1,120
Bank owned life insurance 514 508 912 644 159
Gains on sales of investment securities, net (119) 558 498 20 0
Other 1,291 1,040 1,126 2,595 288
Total non-interest income 17,010 14,850 15,284 15,571 3,256

Non-interest expense

Compensation and benefits 15,230 15,313 15,141 16,042 4,143
Occupancy and equipment 4,252 4,334 4,283 4,333 1,062
Data processing 1,391 1,419 1,402 1,525 414
Amortization of intangibles 1,355 1,397 1,258 1,111 264
Professional fees 1,048 1,081 1,695 1,677 396
Advertising 618 573 589 589 166
Federal deposit insurance premiums 433 369 292 291 68
Foreclosure and real estate owned expense 65 258 238 100 41
Deposit-related loss 0 0 8,082 0 NA
Other 4,814 4,370 4,497 4,697 1,174
Total non-interest expense 29,206 29,114 37,477 30,365 7,728
Earnings before income taxes 14,420 11,275 3,472 11,594 2,524
Income tax expense 3,914 2,314 (897) 1,168 341
Net earnings 10,506 8,961 4,369 10,426 2,183

Earnings per share

Basic 2.71 2.13 1.02 2.40 0.50
Diluted 2.64 2.10 1.01 2.39 0.50
Dividends per share NA NA NA NA 0.20

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Net earnings 10,506 8,961 4,369 10,426 2,183
Net unrealized holding gains (losses) on available-for-sale securities 437 (5,021) 2,131 (4,721) 4,727
Less reclassification adjustment for net gains included in earnings 119 (558) (498) (20) 0
Net unrealized gains (losses) 556 (5,579) 1,633 (4,741) 4,727
Income tax effect on net gains included in earnings (44) 206 184 5 0
Income tax effect on net unrealized holding (losses) gains (155) 1,850 (807) 1,157 (1,158)
Other comprehensive income (loss) 357 (3,523) 1,010 (3,579) 3,569
Total comprehensive income (loss) 10,863 5,438 5,379 6,847 5,752
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