Guaranty federal bancshares inc (GFED)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest Income
Loans

41,233

40,886

27,454

23,314

23,564

23,254

23,885

25,666

27,423

28,348

29,695

Investment securities

2,791

1,992

1,791

1,895

1,483

1,627

1,794

1,755

2,636

3,476

3,743

Other

1,201

367

194

179

141

131

175

183

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

434

Interest and Dividend Income, Operating, Total

45,226

43,245

29,440

25,389

25,189

25,014

25,855

27,605

30,375

32,331

33,873

Interest Expense
Deposits

10,991

7,023

3,751

2,283

2,423

2,329

2,859

4,076

5,778

9,628

15,381

FHLB advances

1,202

1,766

1,703

1,313

1,196

1,202

1,295

1,543

2,164

2,988

3,152

Subordinated debentures

970

1,017

631

579

538

533

537

556

610

1,023

1,023

Securities sold under agreements to repurchase

-

-

-

-

120

264

405

682

1,057

1,166

969

Other

370

120

-

-

-

-

-

-

-315

-506

-

Interest Expense, Total

13,535

9,927

6,086

4,177

4,279

4,329

5,097

6,858

9,610

14,806

20,526

Net Interest Income

31,691

33,318

23,354

21,212

20,909

20,685

20,758

20,747

20,764

17,524

13,346

Provision for Loan Losses

200

1,225

1,750

1,375

600

1,275

1,550

5,950

3,350

5,200

6,900

Net Interest Income After Provision for Loan Losses

31,491

32,093

21,604

19,837

20,309

19,410

19,208

14,797

17,414

12,324

6,446

Noninterest Income
Service charges

1,706

2,004

1,189

1,134

-

-

-

-

-

-

-

Gain (loss) on sale of investment securities

89

-8

46

192

-

-

-

-

-

-

-

Service charges

-

-

-

-

1,214

1,264

1,196

1,119

1,315

1,552

1,802

Other fees

-

-

-

-

-

-

-

-

-

-

52

Gain on sale of investment securities

-

-

-

-

187

34

219

168

1,505

275

689

Gain on sale of mortgage loans held for sale

2,222

2,030

2,021

1,708

1,396

913

1,444

-

-

-

-

Gain on sale of Small Business Administration loans

1,029

830

746

297

344

0

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

1,884

1,345

1,749

1,443

Gain on sale of state low-income housing tax credits

-

-

-

-

-

-

1,441

281

-

-

-

Net loss on foreclosed assets

-235

-360

182

1

-164

-213

-275

-1,391

-800

-492

-523

Other income

2,291

2,055

1,541

1,535

1,499

1,351

1,292

1,192

1,118

1,194

775

Noninterest Income, Total

7,104

6,551

5,727

4,870

4,478

3,350

5,319

3,255

4,485

4,279

4,239

Noninterest Expense
Salaries and employee benefits

16,107

14,918

12,040

10,686

9,805

8,895

9,058

9,247

8,886

8,636

7,952

Occupancy

4,582

4,071

2,204

1,827

1,904

1,697

1,752

1,629

1,660

1,704

1,806

FDIC deposit insurance premiums

297

437

245

350

447

448

562

688

942

1,220

1,520

Prepayment penalty on repurchase agreements

-

-

-

-

463

0

1,510

-

-

-

-

Prepayment penalty on repurchase agreements

-

-

-

-

-

-

-

-

-1,531

-

-

Data processing

1,694

1,477

987

889

790

685

687

566

529

454

423

Advertising

499

534

525

525

525

425

425

300

300

300

316

Impairment on investment tax credits

-

-

587

-

0

-

-

-

-

-

-

Merger costs

34

3,671

151

-

0

-

-

-

-

-

-

Amortization of core deposit intangible

477

408

-

-

-

-

-

-

-

-

-

Prepayment penalty on repurchase agreements

-

-

-

-

-

-

-

-

-

-

0

Other expense

3,804

3,938

2,862

2,821

2,672

2,713

2,775

3,808

3,510

3,213

3,142

Noninterest Expense, Total

27,498

29,458

19,603

17,100

16,609

14,864

16,771

16,240

17,361

15,529

15,161

Income Before Income Taxes

11,098

9,186

7,728

7,606

8,178

7,895

7,755

1,812

4,538

1,074

-4,475

Provision for Income Taxes

1,683

1,854

2,570

2,012

2,461

2,112

2,516

-131

703

-56

-2,134

Net Income Available to Common Shareholders

-

-

-

-

-

5,782

5,239

1,943

3,835

1,130

-2,340

Preferred Stock Dividends and Discount Accretion

-

-

-

-

-

357

794

1,076

1,125

1,125

1,031

Net Income Available to Common Shareholders

9,415

7,331

5,157

5,594

5,716

5,425

4,445

867

2,710

5

-3,372

Basic Income Per Common Share (in dollars per share)

2.14

1.66

1.18

1.28

1.32

1.35

1.63

0.32

1.01

0.00

-1.29

Diluted Income Per Common Share (in dollars per share)

2.11

1.64

1.16

1.27

1.30

1.33

1.58

0.30

1.01

0.00

-1.29