| Dec'18 | Dec'17 | Dec'16 | Dec'15 | |||
|---|---|---|---|---|---|---|
Interest Income | ||||||
Interest on investment securities | ||||||
1,353 | 915 | 1,009 | 1,008 | |||
Interest and fees on loans | ||||||
19,736 | 16,534 | 15,213 | 13,897 | |||
Total interest income | ||||||
21,089 | 17,449 | 16,222 | 14,905 | |||
Interest Expense | ||||||
Interest expense non-maturity deposits | ||||||
724 | 442 | 278 | 210 | |||
Interest expense time deposits | ||||||
2,794 | 2,039 | 2,232 | 1,916 | |||
Interest expense borrowed funds | ||||||
309 | 222 | - | - | |||
Interest expense borrowed funds | ||||||
- | - | 175 | 160 | |||
Interest expense capital lease | ||||||
13 | 17 | 21 | 25 | |||
Interest expense debt | ||||||
17 | 0 | - | - | |||
Interest expense on subordinated debt | ||||||
767 | 759 | 166 | - | |||
Total interest expense | ||||||
4,624 | 3,479 | 2,872 | 2,311 | |||
Net interest income | ||||||
16,465 | 13,970 | 13,350 | 12,594 | |||
Provision for (recovery of) loan losses | ||||||
406 | 704 | -27 | -270 | |||
Net interest income after loan loss provision | ||||||
16,059 | 13,266 | 13,377 | 12,864 | |||
Noninterest income | ||||||
Amount of revenue from overdraft fees on deposit accounts. | ||||||
538 | 431 | 395 | 382 | |||
Amount of revenue from interchange fees, net of related costs. | ||||||
229 | 139 | 443 | 379 | |||
Amount of noninterest income derived from service charges on deposit accounts. | ||||||
65 | 56 | 55 | - | |||
Amount of noninterest income derived from mortgage banking activities. | ||||||
117 | 95 | 102 | - | |||
Amount of noninterest income derived from customer service fees. | ||||||
58 | 54 | 59 | - | |||
Amount of noninterest income from debit card services, including interchange fees, annual fees and other fees. | ||||||
28 | 27 | 27 | - | |||
Mortgage fee income | ||||||
- | - | - | 90 | |||
Customer service fees | ||||||
- | - | - | 57 | |||
Customer service fees | ||||||
- | - | - | 71 | |||
ATM income | ||||||
- | - | - | 24 | |||
Increase in value of bank-owned life insurance | ||||||
196 | 199 | 53 | - | |||
Unrealized gain on equity securities | ||||||
-10 | 0 | - | - | |||
Unrealized gain on equity securities | ||||||
- | - | 55 | - | |||
Other income | ||||||
35 | 32 | 40 | 106 | |||
Total noninterest income | ||||||
1,256 | 1,033 | 1,229 | 1,109 | |||
Noninterest expense | ||||||
Salaries & benefits expense | ||||||
7,337 | 7,071 | 6,822 | 6,682 | |||
Occupancy expense | ||||||
773 | 859 | 875 | 872 | |||
Furniture, fixture & equipment expense | ||||||
684 | 585 | 527 | 495 | |||
Data processing expense | ||||||
792 | 948 | 809 | 664 | |||
Office supplies expense | ||||||
87 | 81 | 64 | 89 | |||
Professional fees | ||||||
477 | 473 | 607 | 321 | |||
Advertising and marketing | ||||||
114 | 132 | 147 | 144 | |||
Insurance | ||||||
301 | 306 | 340 | 391 | |||
Foreclosed asset expense, net | ||||||
497 | 281 | 493 | 472 | |||
Check card expense | ||||||
- | - | - | 401 | |||
Loan expense | ||||||
218 | 219 | 164 | 203 | |||
This element represents stockholder expenses. | ||||||
190 | 172 | 122 | 92 | |||
Directors fees and expenses | ||||||
271 | 256 | 225 | 183 | |||
Telephone expense | ||||||
293 | 288 | 244 | 251 | |||
Amortization of core deposit intangibles | ||||||
33 | 44 | 56 | 68 | |||
Merger related expenses | ||||||
744 | 0 | - | - | |||
Other operating expense | ||||||
589 | 586 | 528 | 423 | |||
Total noninterest expense | ||||||
13,400 | 12,301 | 12,388 | 11,751 | |||
Pre-tax income | ||||||
3,915 | 1,998 | 2,218 | 2,222 | |||
Income tax expense | ||||||
963 | 1,594 | 877 | 1,164 | |||
Net income | ||||||
- | - | 1,341 | 1,058 | |||
Less income attributable to noncontrolling interest | ||||||
- | - | - | 234 | |||
Net income | ||||||
2,952 | 404 | - | 824 | |||
Earnings per share | ||||||
Basic earnings per common share (in dollars per share) | ||||||
0.46 | 0.09 | 0.24 | 0.18 | |||
Diluted earnings per common share (in dollars per share) | ||||||
0.46 | 0.09 | 0.24 | 0.18 | |||
Weighted average common shares outstanding (in shares) | ||||||
6,380 | 4,655 | 4,649 | 4,645 | |||
Diluted average common shares outstanding (in shares) | ||||||
6,470 | 4,737 | 4,697 | 4,685 | |||