| 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 | |||||||||
13,106 | 12,298 | 12,179 | 12,101 | 11,622 | 11,789 | 11,082 | 10,583 | 10,825 | 10,325 |
Interest income derived from funds time deposited with both domestic and foreign financial institutions including funds in money market and other accounts. | |||||||||
162 | 295 | 500 | 497 | 417 | 150 | 147 | 142 | 149 | 123 |
Interest-bearing deposits in other banks | |||||||||
239 | 402 | 392 | 468 | 538 | 645 | 510 | 412 | 366 | 268 |
Total interest income | |||||||||
13,507 | 12,995 | 13,071 | 13,066 | 12,577 | 12,584 | 11,739 | 11,137 | 11,340 | 10,716 |
Interest Expense | |||||||||
Deposits | |||||||||
2,075 | 2,338 | 2,471 | 2,483 | 2,224 | 2,054 | 1,881 | 1,640 | 1,419 | 1,204 |
Other borrowings | |||||||||
- | - | 0 | 0 | - | 0 | 57 | 58 | 60 | 59 |
Total interest expense | |||||||||
2,075 | 2,338 | 2,471 | 2,483 | 2,224 | 2,054 | 1,938 | 1,698 | 1,479 | 1,263 |
Net Interest Income | |||||||||
11,432 | 10,657 | 10,600 | 10,583 | 10,353 | 10,530 | 9,801 | 9,439 | 9,861 | 9,453 |
Provision for loan losses | |||||||||
650 | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 100 | 150 |
Net Interest Income After Provision for Loan Losses | |||||||||
10,782 | 10,657 | 10,600 | 10,583 | 10,353 | 10,430 | 9,801 | 9,439 | 9,761 | 9,303 |
Noninterest Income | |||||||||
Amount of revenue earned, classified as secondary market income, excluding interest income. | |||||||||
38 | 18 | 69 | 40 | 37 | 39 | 95 | 38 | 40 | 82 |
The non-interest income earned through service charges on deposit accounts including account maintenance and analysis fees and transaction-based fees. Account maintenance and analysis fees consist primarily of account fees and analyzed account fees charged on deposit accounts on a monthly basis. | |||||||||
119 | 113 | 110 | 109 | 60 | 86 | 88 | 93 | 80 | 81 |
Other | |||||||||
173 | 150 | 330 | 146 | 126 | 137 | 136 | 355 | 144 | 219 |
Total noninterest income | |||||||||
330 | 281 | 509 | 295 | 223 | 262 | 319 | 486 | 264 | 382 |
Noninterest Expense | |||||||||
Salaries and employee benefits | |||||||||
2,474 | 2,473 | 14,256 | 2,365 | 2,171 | 2,036 | 2,082 | 1,845 | 2,150 | 1,962 |
Furniture and equipment | |||||||||
216 | 223 | 229 | 218 | 159 | 193 | 182 | 152 | 157 | 246 |
Occupancy | |||||||||
461 | 520 | 436 | 378 | 343 | 412 | 319 | 288 | 291 | 301 |
Data and item processing | |||||||||
276 | 264 | 276 | 276 | 262 | 250 | 248 | 235 | 233 | 222 |
The amount of expense incurred for accounting, marketing and legal fees during the period. | |||||||||
126 | 250 | 218 | 142 | 147 | 87 | 74 | 110 | 34 | 64 |
Regulatory charges includes FDIC insurance expense and examination and other fees paid to federal and state regulatory authorities. | |||||||||
23 | 32 | 31 | 31 | 32 | 146 | 145 | 125 | 126 | 130 |
Advertising and public relations | |||||||||
269 | 239 | 71 | 92 | 186 | 140 | 63 | 163 | 187 | 63 |
Travel, lodging and entertainment | |||||||||
53 | 81 | 153 | 92 | 42 | 81 | 260 | 165 | 193 | 277 |
Other | |||||||||
455 | 475 | 402 | 454 | 413 | 593 | 432 | 463 | 305 | 470 |
Total noninterest expense | |||||||||
4,353 | 4,557 | 16,072 | 4,048 | 3,755 | 3,938 | 3,805 | 3,546 | 3,676 | 3,735 |
Income Before Taxes | |||||||||
6,759 | 6,381 | -4,963 | 6,830 | 6,821 | 6,754 | 6,315 | 6,379 | 6,349 | 5,950 |
Income tax expense | |||||||||
1,708 | 1,879 | 1,556 | 1,704 | 1,705 | 1,192 | -395 | 0 | 0 | 0 |
Net Income | |||||||||
5,051 | 4,502 | -6,519 | 5,126 | 5,116 | 5,562 | 6,710 | 6,379 | 6,349 | 5,950 |
Basic and diluted (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.87 | - |
Weighted average common shares outstanding - basic and diluted (in shares) | |||||||||
- | - | - | - | - | - | - | - | 7,287 | - |
Basic (in dollars per share) | |||||||||
0.51 | 0.45 | -0.64 | 0.50 | 0.50 | - | 0.88 | 0.88 | - | 0.82 |
Diluted (in dollars per share) | |||||||||
0.51 | 0.45 | -0.64 | 0.50 | 0.50 | - | 0.87 | 0.88 | - | 0.82 |
Denominator for basic earnings per common share (in shares) | |||||||||
9,972 | 10,056 | 10,149 | 10,187 | 10,187 | - | 7,634 | 7,287 | - | 7,287 |
Denominator for diluted earnings per share (in shares) | |||||||||
9,972 | 10,047 | 10,161 | 10,192 | 10,187 | - | 7,669 | 7,287 | - | 7,287 |