| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Sep'17 |
|---|---|---|---|---|---|---|---|---|---|
Interest and Dividend Income | |||||||||
Interest and fees on loans | |||||||||
15,885 | 15,581 | 15,915 | 15,819 | 14,867 | 14,374 | 11,977 | 11,292 | 10,573 | 9,610 |
Interest and dividends on securities held-to-maturity | |||||||||
2 | 2 | 2 | 13 | 13 | 12 | 13 | 13 | 13 | 13 |
Interest and dividends on securities available-for-sale | |||||||||
874 | 887 | 832 | 886 | 891 | 776 | 661 | 673 | 657 | 613 |
Dividends on restricted stock | |||||||||
89 | 86 | 88 | 79 | 68 | 121 | 57 | 60 | 53 | 52 |
Interest on deposits at other financial institutions | |||||||||
81 | 222 | 169 | 193 | 121 | 357 | 165 | 32 | 45 | 23 |
Total interest and dividend income | |||||||||
16,931 | 16,778 | 17,006 | 16,990 | 15,960 | 15,640 | 12,873 | 12,070 | 11,341 | 10,311 |
Interest Expense | |||||||||
Interest on deposits | |||||||||
4,176 | 4,475 | 4,423 | 4,192 | 3,740 | 3,336 | 2,584 | 2,286 | 2,148 | 1,717 |
Interest on federal funds purchased | |||||||||
79 | - | 48 | 32 | 61 | - | 16 | 1 | 1 | 1 |
Interest on short-term debt | |||||||||
70 | - | 48 | - | - | - | - | 32 | - | - |
Interest on short-term debt | |||||||||
- | - | - | - | - | - | - | - | 34 | 28 |
Interest on subordinated notes | |||||||||
395 | 395 | 395 | 395 | 395 | 395 | 395 | 395 | 395 | 395 |
Total interest expense | |||||||||
4,720 | 4,942 | 4,914 | 4,619 | 4,196 | 3,823 | 2,995 | 2,714 | 2,578 | 2,141 |
Net Interest Income | |||||||||
12,211 | 11,836 | 12,092 | 12,371 | 11,764 | 11,817 | 9,878 | 9,356 | 8,763 | 8,170 |
Provision for loan losses | |||||||||
1,066 | 465 | 235 | 505 | 515 | 930 | 351 | 281 | 358 | 250 |
Net interest income after provision for loan losses | |||||||||
11,145 | 11,371 | 11,857 | 11,866 | 11,249 | 10,887 | 9,527 | 9,075 | 8,405 | 7,920 |
Noninterest Income | |||||||||
Service charges on deposit accounts | |||||||||
239 | 240 | 240 | 229 | 181 | 184 | 158 | 152 | 141 | 146 |
Gain on sale of securities available-for-sale | |||||||||
97 | - | - | - | - | - | - | - | - | - |
Gains on calls of securities held-to-maturity | |||||||||
- | - | 3 | - | - | - | - | - | - | - |
Loss on loans held for sale | |||||||||
-451 | - | - | - | - | - | - | - | - | - |
Gains on sale of securities available-for-sale | |||||||||
- | - | - | - | - | - | - | - | - | 15 |
BOLI income | |||||||||
283 | 249 | 198 | 110 | 105 | 110 | 110 | 108 | 110 | 115 |
Other income | |||||||||
525 | 245 | 239 | 200 | 452 | 333 | 480 | 103 | 134 | 77 |
Total noninterest income | |||||||||
693 | 589 | 680 | 539 | 738 | 165 | 748 | 363 | 385 | 353 |
Noninterest Expenses | |||||||||
Salaries and employee benefits | |||||||||
4,028 | 4,515 | 4,349 | 4,245 | 3,938 | 4,008 | 3,491 | 3,324 | 3,185 | 2,950 |
Occupancy and equipment expense | |||||||||
855 | 818 | 882 | 873 | 827 | 782 | 591 | 580 | 571 | 559 |
Data processing and network administration | |||||||||
434 | 442 | 414 | 343 | 439 | 347 | 321 | 285 | 280 | 275 |
State franchise taxes | |||||||||
466 | 424 | 424 | 426 | 422 | 296 | 296 | 296 | 296 | 252 |
Audit, legal and consulting fees | |||||||||
225 | 192 | 230 | 274 | 130 | 214 | 147 | 132 | 156 | 123 |
Merger and acquisition expense | |||||||||
- | -1 | 51 | 16 | 67 | - | 274 | 397 | - | - |
Loan related expenses | |||||||||
211 | 184 | 125 | 99 | 68 | 185 | 61 | 61 | 57 | 67 |
FDIC insurance | |||||||||
165 | 22 | 0 | 111 | 111 | 111 | 133 | 117 | 108 | 92 |
Marketing, business development and advertising | |||||||||
103 | -15 | 121 | 131 | 159 | 70 | 89 | 94 | 86 | 41 |
Director fees | |||||||||
140 | 163 | 126 | 122 | 121 | 104 | 121 | 122 | 110 | 105 |
Postage, courier and telephone | |||||||||
44 | 43 | 57 | 41 | 54 | 62 | 50 | 48 | 52 | 52 |
Internet banking | |||||||||
120 | 119 | 112 | 101 | 107 | 83 | 83 | 75 | 67 | 63 |
Dues, memberships & publications | |||||||||
- | - | - | - | - | - | - | - | - | 32 |
Bank insurance | |||||||||
- | - | - | - | - | - | - | - | - | 35 |
Printing and supplies | |||||||||
- | - | - | - | - | - | - | - | - | 28 |
Bank charges | |||||||||
- | - | - | - | - | - | - | - | - | 17 |
State assessments | |||||||||
- | - | - | - | - | - | - | - | - | 38 |
Core deposits intangible amortization | |||||||||
90 | 93 | 95 | 97 | 100 | 103 | 5 | 5 | 5 | 5 |
Other operating expenses | |||||||||
328 | 335 | 377 | 397 | 361 | 385 | 286 | 286 | 287 | 127 |
Total noninterest expenses | |||||||||
7,209 | 7,334 | 7,363 | 7,276 | 6,904 | 9,418 | 5,948 | 5,822 | 5,260 | 4,861 |
Net income before income tax expense | |||||||||
4,629 | 4,626 | 5,174 | 5,129 | 5,083 | 1,634 | 4,327 | 3,616 | 3,530 | 3,412 |
Income tax expense | |||||||||
896 | 902 | 1,081 | 1,044 | 1,157 | 224 | 942 | 539 | 533 | 1,177 |
Net income | |||||||||
3,733 | 3,724 | 4,093 | 4,085 | 3,926 | 1,410 | 3,385 | 3,077 | 2,997 | 2,235 |
Earnings per share, basic | |||||||||
0.27 | 0.26 | 0.30 | 0.30 | 0.29 | 0.08 | 0.30 | 0.28 | 0.27 | 0.21 |
Earnings per share, diluted | |||||||||
0.26 | 0.24 | 0.28 | 0.28 | 0.27 | 0.07 | 0.27 | 0.26 | 0.25 | 0.19 |