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As Reported Financials

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, Including Fees 39,716 38,943 38,614 40,682 10,470
Federal Funds Sold 14,561 0 3 0 NA
Deposits with Other Banks 80 124 232 410 282

Investment Securities

U.S. Government Agencies 4,235 5,264 6,718 7,529 2,156
State, County and Municipal 108 127 115 103 25
Corporate Bonds 0 0 87 112 27
Dividends on Other Investments 122 131 150 187 53
Total 44,275 44,589 45,916 49,022 13,013

Interest Expense

Deposits 4,857 4,781 4,758 6,057 2,122
Federal Funds Purchased 26 581 2,639 5,305 NA
Borrowed Money 1,713 1,702 2,112 2,163 534
Total 6,569 6,483 6,873 8,226 2,656
Net Interest Income 37,706 38,106 39,044 40,797 10,357
Provision for Loan Losses 866 1,062 390 201 131
Net Interest Income After Provision for Loan Losses 36,841 37,044 38,654 40,596 10,226

Noninterest Income

Service Charges on Deposits 4,268 4,307 4,467 4,374 964
Other Service Charges, Commissions and Fees 2,627 2,803 3,049 3,254 900
Mortgage Fee Income 527 682 859 652 143
Securities Gains (Losses) (11,466) 385,223 0 115,909 NA
Other 1,633 1,377 1,360 1,226 327
Total 9,045 9,554 9,735 9,621 2,334

Noninterest Expenses

Salaries and Employee Benefits 17,590 18,483 19,223 20,123 5,371
Occupancy and Equipment 3,989 3,970 3,948 4,180 1,025
Directors' Fees 358,291 348,755 298,100 291,400 NA
Legal and Professional Fees 737,731 1,067,563 1,169,938 1,320,653 NA
Foreclosed Property 1,682,783 1,143,518 363,519 204,705 NA
FDIC Assessment 899,302 603,654 386,823 358,222 NA
Advertising 624,844 609,892 349,722 337,527 NA
Software and Data Processing 992,593 1,112,065 1,192,025 1,420,482 NA
Telephone 710,038 737,063 813,592 738,193 NA
ATM/Card Processing 1,061,262 1,136,122 1,467,411 1,510,322 NA
Other 5,079 4,861 4,648 4,815 2,630
Total 33,725 34,073 33,860 35,300 9,026
Income Before Income Taxes 12,161 12,525 14,528 14,918 3,534
Income Taxes 3,788 3,851 6,777 3,000 699
Net Income 8,373 8,673 7,751 11,917 2,835
Preferred Stock Dividends 2,375,010 1,493,310 210,600 0 NA
Net Income Available to Common Stockholders 5,997,687 7,179,900 7,540,378 11,917,400 NA

Net Income Per Share of Common Stock

Basic 0.71 0.85 0.89 1.41 0.34
Diluted 0.71 0.84 0.87 1.40 0.34
Cash Dividends Paid Per Share of Common Stock 0.00 0.00 0.10 0.20 0.08
Weighted Average Basic Shares Outstanding 8,439,258 8,439,258 8,439,258 8,439,454 8,440,357
Weighted Average Diluted Shares Outstanding 8,458,461 8,513,295 8,633,581 8,538,608 8,440,357

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 8,373 8,673 7,751 11,917 2,835

Other Comprehensive Income

Gains (Losses) on Securities Arising During the Year 611 (505) (608) (2,034) 4,004
Gains (Losses) on Securities Arising During the Year - Tax Effect (208) 172 207 427 (841)
Realized Gains on Sale of AFS Securities 11 (385) 0 (116) 0
Realized Gains on Sale of AFS Securities - Tax Effect (4) 131 0 24 0
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects 411 (588) (402) (1,698) 3,163
Comprehensive Income 8,783 8,085 7,349 10,219 5,998
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