As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD

Interest income

Loans receivable

Real estate loans 17,772 17,941 19,766 22,474 11,027
Commercial loans 3,101 3,272 3,419 3,772 2,066
Consumer loans 18 19 19 24 10
Total loan interest 20,891 21,232 23,204 26,270 13,103
Securities 5,225 5,917 6,150 6,097 3,216
Other interest earning assets 41 34 29 32 31
Total interest income 26,157 27,183 29,383 32,399 16,350

Interest expense

Deposits 1,143 1,253 1,509 1,770 957
Repurchase agreements 69 67 68 98 49
Borrowed funds 518 500 436 477 171
Total interest expense 1,730 1,820 2,013 2,345 1,177
Net interest income 24,427 25,363 27,370 30,054 15,173
Provision for loan losses 450 875 954 1,268 557
Net interest income after provision for loan losses 23,977 24,488 26,416 28,786 14,616

Noninterest income

Fees and service charges 2,537 2,738 2,901 2,910 1,561
Wealth management operations 1,397 1,605 1,657 1,680 808
Gain on sale of securities, net 630 541 606 826 545
Gain on sale of loans held-for-sale, net 379 623 1,212 1,609 471
Increase in cash value of bank owned life insurance 380 418 442 469 230
Gain on sale of foreclosed real estate, net 17 35 (35) 100 93
Other 19 114 67 19 37
Total noninterest income 5,359 6,074 6,850 7,613 3,745

Noninterest expense

Compensation and benefits 10,599 11,416 13,147 13,979 6,753
Occupancy and equipment 3,120 3,238 3,520 3,634 1,697
Data processing 1,021 1,139 1,270 1,339 728
Marketing 509 496 548 517 334
Federal deposit insurance premiums 503 466 522 454 158
Statement and check processing 310 333 346 373 NA
Professional services 288 260 356 365 NA
Other 3,471 3,667 3,907 4,048 2,658
Total noninterest expense 19,821 21,015 23,616 24,709 12,328
Income before income tax expenses 9,515 9,547 9,650 11,690 6,033
Income tax expenses 2,397 2,153 1,798 2,548 1,206
Net income 7,118 7,394 7,852 9,142 4,827

Earnings per common share

Basic 2.50 2.60 2.75 3.20 1.69
Diluted 2.50 2.60 2.75 3.20 1.69
Dividends declared per common share 0.85 0.97 1.06 1.11 0.57

Consolidated Statements of Comprehensive Income

Net income 7,118 7,394 7,852 9,142 4,827

Net change in net unrealized gains and losses on securities available-for-sale

Unrealized gains arising during the period (7,729) 7,752 323 (3,551) 3,446
Less - reclassification adjustment for gains included in net income (630) (541) (606) (826) (545)
Net securities gain during the period (8,359) 7,211 (283) (4,377) 2,901
Tax effect 2,866 (2,446) 105 1,493 (986)
Net of tax amount (5,493) 4,765 (178) (2,884) 1,915

Net change in unrealized gain on postretirement benefit

Net loss on post retirement benefit 8 (32) (7) 0 NA
Termination of plan NA NA 0 (28) NA
Amortization of net actuarial gain (5) 6 4 0 0
Net loss during the period 3 (26) (3) (28) 0
Tax effect 0 0 (1) 0 NA
Net of tax amount 3 (26) (4) (28) 0
Other comprehensive income, net of tax (5,490) 4,739 (182) (2,912) 1,915
Comprehensive income, net of tax 1,628 12,133 7,670 6,230 6,742
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.