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As of February 21, 2017
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Income Statement
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 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201312/31/201412/31/201512/31/20159/30/2016
(in thousands)     
Interest and dividend income 
Loans, including fees 16,77615,99215,60315,32511,931
Taxable securities 708294259327237
Non-taxable securities 64039125415767
Federal funds sold 106129726130
Dividends on Federal Home Loan Bank stock and other 232219189212126
Total interest and dividend income 18,46217,02516,37716,08212,391
Interest expense 
Savings NANANANA27
Deposits 2,2991,5721,1811,005NA
Borrowings 1,5621,4611,2861,278773
Total interest expense 3,8613,0332,4672,2831,344
Net interest income 14,60113,99213,91013,79911,047
Provision for loan losses 1,1281,241888553307
Net interest income after provision for loan losses 13,47312,75113,02213,24610,740
Noninterest income 
Service charges on deposit accounts 2,0602,3542,7502,8761,968
Realized gains on sales of loans 3258304268
BOLI benefit in excess of surrender value 093535290
Realized gains on sales of available -for-sale securities, net NA027320
Earnings on bank-owned life insurance 445437416426NA
Realized gains on sales of real estate and other repossessed assets NA0260NA
Other income 406428414397789
Total noninterest income 2,9434,2123,6983,8022,825
Noninterest expense 
Salaries and employee benefits 6,8497,0776,5686,3935,185
Net occupancy and equipment expense 1,8601,8821,9711,9181,388
Provision for losses on foreclosed real estate 832409860NA
Professional services 826843749679555
Insurance 251284297253165
Deposit insurance premiums 288296253236169
Franchise and other taxes 513504266287244
Advertising 394403417300237
Stationery and office supplies 23319718514285
Amortization of intangible asset 119119119660
Net realized loss on sale of other real estate and repossessions 613012NA
Provision for losses on foreclosed real estate and net of gains and losses on sales NANANANA16
Other expenses 2,0502,1372,2232,1441,694
Total noninterest expense 13,47213,99513,14612,4909,738
Income before federal income taxes 2,9442,9683,5744,5583,827
Federal income taxes 5463569231,3341,148
Net income 2,3982,6122,6513,2242,679
Basic 0.490.530.540.650.54
Diluted 0.480.530.530.640.53
Condensed Consolidated Statements of Comprehensive Income 
Net income 2,3982,6122,6513,2242,679
Other comprehensive income, net of tax 
Reclassification adjustment for net realized gains on available-for-sale securities included in net income during the period, net of taxes NA0(17)(21)0
Change in funded status of defined benefit plan, net of benefit (134)1,547(172)(158)NA
Amortization of prior service included in net periodic pension expense, net of tax 1010(59)(59)NA
Amortization of net loss included in net periodic pension cost, net of tax 1021042032NA
Unrealized holding (losses) gains on securities during the period, net of taxes (benefits) (145)(765)476(32)2
Comprehensive income 2,2313,5082,8992,9862,681

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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