| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||
Loans, including fees | |||||||||
21,672 | 22,310 | 23,897 | 18,506 | 18,226 | 18,434 | 18,054 | 17,888 | 17,725 | 11,450 |
Securities: | |||||||||
Taxable | |||||||||
1,086 | 834 | 865 | 691 | 744 | 718 | 781 | 713 | 703 | 436 |
Tax-exempt | |||||||||
425 | 410 | 413 | 413 | 426 | 434 | 428 | 448 | 466 | 406 |
Other | |||||||||
113 | 241 | 314 | 548 | 327 | 167 | 247 | 323 | 415 | 337 |
Total interest income | |||||||||
23,296 | 23,795 | 25,489 | 20,158 | 19,723 | 19,753 | 19,510 | 19,372 | 19,309 | 12,629 |
Interest expense: | |||||||||
Deposits | |||||||||
4,110 | 4,473 | 4,735 | 4,442 | 4,225 | 3,862 | 3,360 | 2,797 | 2,363 | 1,667 |
Securities sold under repurchase agreements | |||||||||
103 | - | 85 | 167 | 130 | - | 69 | 131 | 93 | 50 |
Borrowed funds | |||||||||
440 | - | 356 | 175 | 168 | - | 545 | 675 | - | - |
Borrowed funds | |||||||||
- | - | - | - | - | - | - | - | 571 | 281 |
Total interest expense | |||||||||
4,653 | 5,015 | 5,176 | 4,784 | 4,523 | 4,241 | 3,974 | 3,603 | 3,027 | 1,998 |
Net interest income | |||||||||
18,643 | 18,780 | 20,313 | 15,374 | 15,200 | 15,512 | 15,536 | 15,769 | 16,282 | 10,631 |
Provision for loan losses | |||||||||
975 | 1,125 | 3,000 | 500 | 625 | 750 | 800 | 900 | 485 | 255 |
Net interest income after provision for loan losses | |||||||||
17,668 | 17,655 | 17,313 | 14,874 | 14,575 | 14,762 | 14,736 | 14,869 | 15,797 | 10,376 |
Noninterest income: | |||||||||
Service charges | |||||||||
916 | 1,110 | 918 | 799 | 679 | 890 | 971 | 786 | 846 | 820 |
Income from Ansay and Associates, LLC ("Ansay") | |||||||||
891 | 55 | 319 | 543 | 875 | 180 | 176 | 562 | 1,196 | 117 |
Income from UFS, LLC ("UFS") | |||||||||
897 | 842 | 768 | 731 | 594 | 708 | 660 | 586 | 609 | 614 |
Loan servicing income | |||||||||
462 | -291 | 374 | 244 | 223 | 372 | 260 | 604 | 242 | 197 |
Net gain on sales of mortgage loans | |||||||||
460 | 627 | 533 | 154 | 87 | 188 | 144 | 128 | 157 | 319 |
Net gain on sale of other investments | |||||||||
- | - | - | - | 234 | - | - | - | - | - |
Noninterest income from strategic alliances | |||||||||
17 | 21 | 26 | 29 | 19 | 22 | 24 | 21 | 23 | 25 |
Other | |||||||||
254 | 236 | 207 | 213 | 829 | 193 | 273 | 340 | 370 | 155 |
Total noninterest income | |||||||||
3,897 | 3,234 | 3,145 | 2,713 | 3,540 | 2,522 | 2,508 | 3,027 | 3,443 | 2,247 |
Noninterest expense: | |||||||||
Salaries, commissions, and employee benefits | |||||||||
6,452 | 5,918 | 6,272 | 5,403 | 5,310 | 5,532 | 5,205 | 5,446 | 5,317 | 3,577 |
Occupancy | |||||||||
1,275 | 1,103 | 1,076 | 832 | 849 | 799 | 817 | 532 | 1,350 | 845 |
Data processing | |||||||||
1,199 | 1,478 | 1,158 | 960 | 913 | 899 | 856 | 925 | 939 | 752 |
Postage, stationery, and supplies | |||||||||
172 | 141 | 135 | 192 | 123 | 156 | 138 | 159 | 167 | 121 |
Net loss on sales and valuations of OREO | |||||||||
-976 | -36 | 10 | 135 | -36 | 79 | -233 | 38 | -136 | 32 |
Net (gain) loss on sales of securities | |||||||||
- | - | 0 | 23 | - | - | 19 | -47 | 3 | 0 |
Net gain on sale of other investments | |||||||||
- | - | 0 | 0 | - | - | 0 | 0 | 0 | - |
Advertising | |||||||||
55 | 88 | 53 | 53 | 74 | 78 | 36 | 54 | 52 | 54 |
Charitable contributions | |||||||||
123 | 69 | 225 | 141 | 131 | 121 | 169 | 322 | 373 | 170 |
Outside service fees | |||||||||
801 | 204 | 1,171 | 982 | 684 | 899 | 817 | 896 | 520 | 585 |
Amortization of intangibles | |||||||||
334 | 373 | 374 | 161 | 161 | 189 | 189 | 189 | 189 | 0 |
Other | |||||||||
1,354 | 1,772 | 1,633 | 1,366 | 1,255 | 1,293 | 1,267 | 1,532 | 937 | 902 |
Total noninterest expense | |||||||||
12,741 | 11,205 | 12,087 | 9,932 | 9,536 | 9,862 | 9,708 | 10,064 | 9,977 | 6,974 |
Income before provision for income taxes | |||||||||
8,824 | 9,684 | 8,371 | 7,655 | 8,579 | 7,422 | 7,536 | 7,832 | 9,263 | 5,649 |
Provision for income taxes | |||||||||
1,558 | 2,225 | 1,712 | 1,666 | 1,992 | 1,362 | 1,604 | 1,431 | 2,200 | 1,818 |
Net Income | |||||||||
7,266 | 7,459 | 6,659 | 5,989 | 6,587 | 6,060 | 5,932 | 6,401 | 7,063 | 3,831 |
Earnings per share - basic | |||||||||
1.03 | 1.05 | 0.95 | 0.91 | 1.00 | 0.91 | 0.89 | 0.96 | 1.05 | 0.62 |
Earnings per share - diluted | |||||||||
1.02 | 1.04 | 0.93 | 0.90 | 1.00 | 0.91 | 0.89 | 0.96 | 1.05 | 0.62 |
Dividends per share | |||||||||
0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.16 | 0.16 | 0.16 | 0.16 |