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Income Statement
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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201412/31/201512/31/201612/31/20163/31/2017
(in thousands)     
Interest and Dividend Income 
Loans, including fees 15,99215,60315,32516,0184,017
Taxable 294259327325103
Non-taxable 391254157816
Federal funds sold 12972613611
Dividends on Federal Home Loan Bank and other stock 21918921217547
Total interest and dividend income 17,02516,37716,08216,6354,184
Interest Expense 
Deposits 1,5721,1811,005765229
Borrowings 1,4611,2861,2781,019209
Total interest expense 3,0332,4672,2831,784438
Net Interest Income 13,99213,91013,79914,8513,746
Provision for Loan Losses 1,24188855330125
Net Interest Income After Provision for Loan Losses 12,75113,02213,24614,5503,721
Noninterest Income 
Service charges on deposit accounts 2,3542,7502,8762,594597
Realized gains on sales of loans 5830429715
Realized gains on sales of available-for-sale securities 027320NA
Earnings on bank-owned life insurance 437416426463NA
BOLI benefit in excess of surrender value 93535290NA
Other income 428414397527220
Total noninterest income 4,2123,6983,8023,681832
Noninterest Expense 
Salaries and employee benefits 7,0776,5686,3937,0211,768
Occupancy and equipment 1,8821,9711,9181,897523
Provision for losses on foreclosed real estate 240986060
Professional services 843749679720201
FDIC insurance 29625323619844
Insurance 28429725322567
Franchise and other taxes 50426628732584
Advertising 403417300324109
Stationery and office supplies 19718514211736
Amortization of intangible assets 119119660NA
Realized losses on sale of real estate and other repossessed assets 130124NA
Other expenses 2,1372,2232,1442,234502
Total noninterest expense 13,99513,14612,49013,0713,334
Income Before Federal Income Taxes 2,9683,5744,5585,1601,219
Provision for Federal Income Taxes 3569231,3341,580369
Net Income 2,6122,6513,2243,580850
Basic Earnings Per Share 0.530.540.650.720.17
Diluted Earnings Per Share 0.530.530.640.710.17
Dividends Per Share NANANANA0.11
Condensed Consolidated Statements of Comprehensive Income 
Net Income 2,6122,6513,2243,580850
Other comprehensive income, net of related tax effects 
Unrealized holding gain on securities during the period (765)476(32)(310)155
Reclassification adjustment for realized gains on available-for-sale securities included in net income, net of tax 0(17)(21)0NA
Change in funded status of defined benefit plan, net of taxes 1,547(172)(158)42NA
Amortization of prior service included in net periodic pension expense, net of tax (benefits) 10(59)(59)(59)NA
Amortization of net loss included in net periodic pension cost, net of tax 104203254NA
Comprehensive Income 3,5082,8992,9863,3071,005

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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