As Reported Financials

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As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y AR 12/31/2015 USD 2016 Y AR 12/31/2016 USD 2017 Y AR 12/31/2017 USD 2018 Y AR 12/31/2018 USD
Document Name As Of Date Currency Code 2015 Y AR 12/31/2015 USD 2016 Y AR 12/31/2016 USD 2017 Y AR 12/31/2017 USD 2018 Y AR 12/31/2018 USD

INTEREST AND DIVIDEND INCOME

Interest and fees on loans 29,294 31,828 33,786 36,769
Deposits in banks and Federal Funds sold 92 NA NA NA
Taxable interest on investment securities 1,094 1,122 1,184 1,413
Nontaxable interest on investment securities 792 922 1,138 1,210
FHLB & PCBB dividends 68 NA NA NA
Interest and dividends on other interest earning assets NA 263 336 668
Total interest and dividend income 31,340 34,135 36,444 40,060

INTEREST EXPENSE

Deposits 1,715 1,928 1,814 1,873
Federal Funds purchased 2 NA NA NA
Junior subordinated debentures 248 304 373 505
Federal Home Loan Bank advances 236 230 208 212
Other borrowings NA 10 0 0
Total interest expense 2,201 2,472 2,395 2,590
Net interest income 29,139 31,663 34,049 37,470
Provision for loan losses 582 998 272 0
Net interest income after loan loss provision 28,557 30,665 33,777 37,470

NONINTEREST INCOME

Service charges on deposits 1,764 1,876 1,856 2,034
Gain on sale of loans, net 4,961 6,303 5,303 4,103
Gain on sale of in vestment securities, net 53 6 9 0
Earnings on bank owned life insurance 490 467 440 432
Other income 2,403 2,670 2,915 3,462
Total noninterest income 9,671 11,322 10,523 10,031

NONINTEREST EXPENSE

Compensation and employee benefits 19,070 20,884 20,565 21,265
Occupancy 1,965 2,064 2,019 2,207
Equipment 1,061 1,052 1,100 1,087
Data processing 1,872 2,047 2,297 2,862
Professional services 599 516 1,270 756
Marketing 638 585 651 662
Other real estate owned, net 160 535 109 6
State and local taxes 815 459 588 360
Federal deposit insurance premium 512 456 432 365
Other expense 4,039 4,339 3,945 4,223
Total noninterest expense 30,731 32,937 32,976 33,793
Income before income taxes 7,497 9,050 11,324 13,708
Income tax expense 1,921 2,460 4,361 2,378
Net income 5,576 6,590 6,963 11,330
Basic earnings per common share 0.54 0.63 0.67 1.07
Diluted earnings per common share 0.53 0.62 0.65 1.06

Consolidated Statements of Comprehensive Income

Net Income 5,576 6,590 6,963 11,330

Unrealized (loss) gain from securities

Change in fair value of investment securities available for sale, net of tax 4 (852) 424 (816)
Reclassification adjustment of net gain from sale of investment securities available for sale included in income, net of tax NA (4) (5) 0
Net unrealized (loss) gain from securities, net of reclassification adjustment NA (856) 419 (816)

Pension plan liability adjustment

Unrecognized net actuarial gain (loss) during the period,net of tax NA (48) (104) 161
Less - amortization of unrecognized net actuarial losses included in income, net of tax NA 113 31 26
Pension plan liability adjustment, net 231 65 (73) 187
Other comprehensive (loss) income , net of tax 235 (791) 346 (629)
Comprehensive income 5,811 5,799 7,309 10,701
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.