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, Including Fees 39,716 38,943 38,614 40,682 22,764
Loans Held for Sale NA NA NA NA 19
Deposits with Other Banks 80 124 232 410 563

Investment Securities

U.S. Government Agencies 4,235 5,264 6,718 7,529 4,508
State, County and Municipal 108 127 115 103 58
Corporate Bonds 0 0 87 112 58
Federal Funds Sold 15 0 0 0 41
Dividends on Other Investments 122 131 150 187 100
Total Interest Income 44,275 44,589 45,916 49,022 28,111

Interest Expense

Deposits 4,857 4,781 4,758 6,057 4,754
Federal Funds Purchased 0 1 3 5 0
Borrowed Money 1,713 1,702 2,112 2,163 1,175
Total Interest Expense 6,569 6,483 6,873 8,226 5,929
Net Interest Income 37,706 38,106 39,044 40,797 22,182
Provision for Loan Losses 866 1,062 390 201 310
Net Interest Income After Provision for Loan Losses 36,841 37,044 38,654 40,596 21,872

Noninterest Income

Service Charges on Deposits 4,268 4,307 4,467 4,374 2,034
Other Service Charges, Commissions and Fees 2,627 2,803 3,049 3,254 2,010
Mortgage Fee Income 527 682 859 652 687
Securities Gains (11) 385 0 116 65
Other 1,633 1,377 1,360 1,226 1,538
Total Noninterest Income 9,045 9,554 9,735 9,621 6,334

Noninterest Expenses

Salaries and Employee Benefits 17,590 18,483 19,223 20,123 11,663
Occupancy and Equipment 3,989 3,970 3,948 4,180 2,169
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
Acquisition Related Expenses NA NA NA NA 1,961
Deposit Intangible Expenses NA NA NA NA 176
Other 5,079 4,861 4,648 4,815 6,071
Total Noninterest Expense 33,725 34,073 33,860 35,300 22,040
Income Before Income Taxes 12,161 12,525 14,528 14,918 6,166
Income Taxes 3,788 3,851 6,777 3,000 1,230
Net Income 8,373 8,673 7,751 11,917 4,936
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 0.56
Diluted 0.71 0.84 0.87 1.40 0.56
Cash Dividends Paid Per Share of Common Stock 0.00 0.00 0.10 0.20 0.15
Weighted Average Basic Shares Outstanding 8,439,258 8,439,258 8,439,258 8,439,454 8,764,909
Weighted Average Diluted Shares Outstanding 8,458,461 8,513,295 8,633,581 8,538,608 8,764,909

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 8,373 8,673 7,751 11,917 4,936

Other Comprehensive Income

Gains (Losses) on Securities Arising During the Period 611 (505) (608) (2,034) 10,724
Gains (Losses) on Securities Arising During the Period - Tax Effect (208) 172 207 427 (2,252)
Realized Gains on Sale of AFS Securities 11 (385) 0 (116) (65)
Realized Gains on Sale of AFS Securities - Tax Effect (4) 131 0 24 14
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects 411 (588) (402) (1,698) 8,421
Comprehensive Income 8,783 8,085 7,349 10,219 13,357
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.
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