As Reported Financials

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As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

INTEREST AND DIVIDEND INCOME

Interest and fees on loans 26,937 29,294 31,828 33,786
Deposits in banks and Federal Funds sold 89 92 NA NA
Taxable interest on investment securities 1,269 1,094 1,122 1,184
Nontaxable interest on investment securities 830 792 922 1,138
FHLB & PCBB dividends 33 68 NA NA
Interest and dividends on other interest earning assets NA NA 263 336
Total interest and dividend income 29,158 31,340 34,135 36,444

INTEREST EXPENSE

Deposits 1,668 1,715 1,928 1,814
Federal Funds purchased 1 2 NA NA
Junior subordinated debentures 241 248 304 373
Federal Home Loan Bank advances 215 236 230 208
Other borrowings NA NA 10 0
Total interest expense 2,125 2,201 2,472 2,395
Net interest income 27,033 29,139 31,663 34,049
Provision for loan losses 300 582 998 272
Net interest income after loan loss provision 26,733 28,557 30,665 33,777

NONINTEREST INCOME

Service charges on deposits 1,809 1,764 1,876 1,856
Net gain (loss) on sale of other real estate owned (207) NA NA NA
Gain on sale of loans, net 3,686 4,961 6,303 5,303
Gain on sale of investment securities, net 88 53 6 9
Other-than-temporary impairment, net (48) NA NA NA
Earnings on bank owned life insurance 505 490 467 440
Other income 2,246 2,403 2,670 2,915
Total noninterest income 8,079 9,671 11,322 10,523

NONINTEREST EXPENSE

Compensation and employee benefits 17,118 19,070 20,884 20,565
Occupancy 2,006 1,965 2,064 2,019
Equipment 1,050 1,061 1,052 1,100
Data processing 2,009 1,872 2,047 2,297
Professional services 745 599 516 1,270
Other real estate owned write-downs 67 NA NA NA
Other real estate owned operating costs 238 NA NA NA
Marketing NA 638 585 651
Other real estate owned, net NA 160 535 109
State and local taxes 417 815 459 588
FDIC and state assessments 491 NA NA NA
Federal deposit insurance premium NA 512 456 432
Other expense 4,014 4,039 4,339 3,945
Total noninterest expense 28,155 30,731 32,937 32,976
Income before income taxes 6,657 7,497 9,050 11,324
Income tax expense 1,730 1,921 2,460 4,361
Net income 4,927 5,576 6,590 6,963
Basic earnings per common share 0.48 0.54 0.63 0.67
Diluted earnings per common share 0.48 0.53 0.62 0.65

WEIGHTED AVERAGE SHARES OUTSTANDING

BASIC 10,256,242 NA NA NA
DILUTED 10,347,338 NA NA NA

Consolidated Statements of Comprehensive Income

Net Income 4,927 5,576 6,590 6,963

Unrealized gain (loss) from securities

Change in fair value of investment securities available for sale, net of tax 1,269 4 (852) 424
Reclassification adjustment of net gain from sale of investment securities available for sale included in income, net of tax NA NA (4) (5)
Net unrealized gain (loss) from securities, net of reclassification adjustment NA NA (856) 419

Pension plan liability adjustment

Unrecognized net actuarial loss during the period, net of tax NA NA (48) (104)
Less - amortization of unrecognized net actuarial losses included in income, net of tax NA NA 113 31
Pension plan liability adjustment, net (35) 231 65 (73)
Other comprehensive income (loss), net of tax 1,234 235 (791) 346
Comprehensive income 6,161 5,811 5,799 7,309
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.