American national bankshares inc. (AMNB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and Dividend Income:
Interest and fees on loans

82,684

59,966

55,276

47,971

46,860

39,257

44,817

49,189

40,688

28,148

31,062

Interest on federal funds sold

-

-

-

-

6

0

0

-

-

-

-

Interest and dividends on securities:
Taxable

7,682

6,106

4,666

4,454

4,072

3,775

3,530

4,044

4,595

5,042

4,853

Tax-exempt

777

1,502

2,043

3,135

3,681

3,971

4,213

4,280

3,646

2,288

1,673

Dividends

451

321

319

334

346

296

245

213

131

95

95

Other interest income

1,261

873

734

276

204

156

151

80

127

360

378

Total interest and dividend income

92,855

68,768

63,038

56,170

55,169

47,455

52,956

57,806

49,187

35,933

38,061

Interest Expense:
Interest on deposits

13,143

8,086

5,794

5,103

4,811

4,654

5,460

6,843

7,203

6,708

8,399

Interest on short-term borrowings

650

186

173

10

9

9

40

150

325

382

675

Interest on long-term borrowings

14

0

296

-

-

-

-

-

-

-

-

Interest on long-term borrowings

-

-

-

325

324

325

329

335

229

256

342

Interest on subordinated debt

367

0

0

-

-

-

-

-

-

-

-

Interest on junior subordinated debt

1,554

1,402

1,028

878

760

742

754

-

-

-

-

Interest on junior subordinated debt

-

-

-

-

-

-

-

813

1,023

1,373

1,373

Total interest expense

15,728

9,674

7,291

6,316

5,904

5,730

6,583

8,141

8,780

8,719

10,789

Net Interest Income

77,127

59,094

55,747

49,854

49,265

41,725

46,373

49,665

40,407

27,214

27,272

Provision for loan losses

456

-103

1,016

250

950

400

294

2,133

3,170

1,490

1,662

Net Interest Income After Provision for Loan Losses

76,671

59,197

54,731

49,604

48,315

41,325

46,079

47,532

37,237

25,724

25,610

Noninterest Income:
Trust fees

3,847

3,783

3,926

3,791

-

-

-

-

-

-

-

Service charges on deposit accounts

2,866

2,455

2,426

2,467

-

-

-

-

-

-

-

Other fees and commissions

3,693

2,637

2,471

2,261

-

-

-

-

-

-

-

Mortgage banking income

2,439

1,862

2,208

1,713

-

-

-

-

-

-

-

Securities gains, net

607

123

812

836

-

-

-

-

-

-

-

Trust fees

-

-

-

-

3,935

4,196

3,689

3,703

3,561

3,391

3,153

Service charges on deposit accounts

-

-

-

-

2,066

1,735

1,750

1,757

1,963

1,897

2,085

Other fees and commissions

-

-

-

-

2,377

1,903

1,864

1,768

1,510

1,163

1,014

Mortgage banking income

-

-

-

-

1,320

1,126

2,008

2,234

1,262

1,560

1,605

Securities gains, net

-

-

-

-

867

505

192

158

-1

126

3

Brokerage fees

721

795

829

843

946

643

469

-

-

-

-

Income from Small Business Investment Companies

211

637

236

-

-

-

-

-

-

-

-

Income from Small Business Investment Companies

-

-

-

463

912

176

12

-

-

-

-

Losses on premises and equipment, net

-427

60

344

-9

11

-

-

-

-

-

-

Impairment of securities

-

-

-

-

-

-

-

0

0

-

-

Other

1,213

922

975

1,140

853

892

843

1,790

949

977

658

Total noninterest income

15,170

13,274

14,227

13,505

13,287

11,176

10,827

11,410

9,244

9,114

8,518

Noninterest Expense:
Salaries

24,672

20,509

19,829

17,568

16,554

14,688

14,059

15,785

12,409

10,063

10,048

Employee benefits

5,343

4,370

4,274

3,829

4,311

2,988

3,848

3,604

2,681

2,442

3,201

Occupancy and equipment

5,417

4,378

4,487

4,246

4,425

3,727

3,614

3,951

3,199

2,936

2,927

FDIC assessment

119

537

538

647

750

647

647

692

651

795

1,186

Bank franchise tax

1,644

1,054

1,072

995

898

901

745

690

763

670

642

Core deposit intangible amortization

1,398

265

528

964

1,201

1,114

1,501

1,935

1,282

378

377

Data processing

2,567

1,691

2,014

1,828

1,725

1,448

-

-

-

-

-

Data processing

-

-

-

-

-

-

1,248

512

0

-

-

Software

1,295

1,279

1,144

1,143

1,158

1,019

923

1,028

855

-

-

Other real estate owned, net

31

122

303

336

99

240

1,523

528

296

754

-

Foreclosed real estate, net

-

-

-

-

-

-

-

-

-

-

-1,642

Merger related expenses

11,782

872

0

0

1,998

780

0

19

1,607

0

0

Other

11,806

9,169

8,694

8,245

7,424

7,006

6,997

7,899

6,257

5,341

4,770

Total noninterest expense

66,074

44,246

42,883

39,801

40,543

34,558

35,105

36,643

30,000

23,379

24,793

Income Before Income Taxes

25,767

28,225

26,075

23,308

21,059

17,943

21,801

22,299

16,481

11,459

9,335

Income Taxes

4,861

5,646

10,826

7,007

6,020

5,202

6,054

6,293

4,910

3,181

2,525

Net Income

20,906

22,579

15,249

16,301

15,039

12,741

15,747

16,006

11,571

8,278

6,810

Dividends on preferred stock

-

-

-

-

-

-

-

0

103

0

0

Net income available to common shareholders

-

-

-

-

-

-

-

16,006

11,468

8,278

-

Net Income Per Common Share:
Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

6,810

Basic (in dollars per share)

1.99

2.60

1.76

1.89

1.73

1.62

2.00

2.04

1.64

1.35

1.12

Diluted (in dollars per share)

1.98

2.59

1.76

1.89

1.73

1.62

2.00

2.04

1.64

1.35

1.12

Weighted Average Common Shares Outstanding:
Basic (in shares)

10,531

8,698

8,641

8,611

8,680

7,867

7,872

7,834

6,982

6,123

6,097

Diluted (in shares)

10,541

8,708

8,660

8,621

8,688

7,877

7,884

7,845

6,989

6,131

6,102