| 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 | |||||||||
10,046 | 9,979 | 10,160 | 9,401 | 8,715 | 8,601 | 8,570 | 7,393 | 6,750 | 6,477 |
Interest and dividends on securities | |||||||||
683 | 695 | 655 | 713 | 608 | 593 | 578 | 585 | 599 | 590 |
Other income | |||||||||
11 | 9 | 10 | 6 | 35 | 47 | 5 | 5 | 4 | 25 |
Total interest and dividend income | |||||||||
10,740 | 10,683 | 10,825 | 10,120 | 9,358 | 9,241 | 9,153 | 7,983 | 7,353 | 7,092 |
Interest Expense | |||||||||
Interest expense on deposits | |||||||||
2,017 | 2,009 | 1,957 | 1,641 | 1,382 | 1,276 | 1,112 | 986 | 829 | 784 |
Interest expense on borrowings | |||||||||
402 | 382 | 404 | 558 | 406 | 444 | 311 | 229 | 133 | 45 |
Total interest expense | |||||||||
2,419 | 2,391 | 2,361 | 2,199 | 1,788 | 1,720 | 1,423 | 1,215 | 962 | 829 |
Net interest income | |||||||||
8,321 | 8,292 | 8,464 | 7,921 | 7,570 | 7,521 | 7,730 | 6,768 | 6,391 | 6,263 |
Provision for loan losses | |||||||||
1,200 | 450 | 450 | 780 | 780 | 525 | 525 | 525 | 525 | 225 |
Net interest income after provision for loan losses | |||||||||
7,121 | 7,842 | 8,014 | 7,141 | 6,790 | 6,996 | 7,205 | 6,243 | 5,866 | 6,038 |
Noninterest Income | |||||||||
Service charges on deposit accounts | |||||||||
652 | 683 | 729 | 714 | 698 | 776 | 785 | 651 | 594 | 613 |
Net realized loss on sales and calls of securities | |||||||||
-29 | - | - | -40 | - | 0 | -21 | 0 | -1 | -2 |
Net gain on sales of loans | |||||||||
465 | 142 | 159 | 152 | 166 | 186 | 167 | 120 | 148 | 163 |
Increase in cash surrender value of life insurance | |||||||||
97 | 99 | 100 | 99 | 100 | 101 | 101 | 100 | 99 | 116 |
Write-downs of other real estate owned | |||||||||
- | - | - | - | - | - | - | -387 | - | 1 |
Other real estate owned income | |||||||||
- | 9 | 8 | 1 | 10 | 10 | 11 | 11 | 10 | 10 |
Gain on sale of subsidiary | |||||||||
- | - | - | - | - | - | - | - | - | 1,834 |
Gain on disposal of premises and equipment | |||||||||
- | - | - | - | - | - | - | - | - | -106 |
Insurance related income | |||||||||
- | - | - | - | - | - | - | - | - | 283 |
Investment advisory income | |||||||||
312 | 177 | 225 | 329 | 213 | 252 | 225 | 184 | 148 | 183 |
Other | |||||||||
63 | 393 | 238 | 178 | 77 | 210 | 230 | 205 | 250 | 253 |
Total noninterest income | |||||||||
1,560 | 1,474 | 1,459 | 1,433 | 1,264 | 1,551 | 1,498 | 884 | 1,248 | 3,348 |
Noninterest Expense | |||||||||
Salaries and employee benefits | |||||||||
4,152 | 3,716 | 3,944 | 4,083 | 3,888 | 3,839 | 3,601 | 3,435 | 3,484 | 3,287 |
Sales commissions | |||||||||
- | - | - | - | - | - | - | - | - | 30 |
Occupancy | |||||||||
850 | 859 | 838 | 898 | 895 | 833 | 818 | 852 | 902 | 787 |
Data processing | |||||||||
354 | 337 | 353 | 343 | 307 | 311 | 283 | 294 | 274 | 272 |
Professional fees | |||||||||
322 | 399 | 361 | 360 | 266 | 298 | 217 | 224 | 194 | 186 |
Marketing | |||||||||
143 | - | 166 | - | 155 | - | 148 | - | - | - |
Advertising | |||||||||
- | - | - | 147 | - | - | - | 204 | 180 | 166 |
FDIC deposit insurance and other insurance | |||||||||
168 | 161 | 29 | 147 | 141 | 237 | 229 | 204 | 175 | 182 |
Other real estate owned expense | |||||||||
17 | 12 | 73 | -1 | 39 | 2 | 101 | 26 | 57 | 76 |
Amortization of intangible assets | |||||||||
11 | 12 | 10 | 10 | 11 | 10 | 11 | 10 | 11 | 14 |
Impairment loss on goodwill | |||||||||
- | - | - | - | - | - | - | 95 | - | - |
Other | |||||||||
1,282 | 1,433 | 1,058 | 1,061 | 1,216 | 1,158 | 1,065 | 1,057 | 1,089 | 1,010 |
Total noninterest expense | |||||||||
7,299 | 7,127 | 6,832 | 7,048 | 6,918 | 6,880 | 6,473 | 6,401 | 6,366 | 6,010 |
Income before income taxes | |||||||||
1,382 | 2,189 | 2,641 | 1,526 | 1,136 | 1,667 | 2,230 | 726 | 748 | 3,376 |
Provision for income taxes | |||||||||
307 | 449 | 550 | 305 | 225 | 469 | 266 | 147 | 132 | 754 |
Net income | |||||||||
1,075 | 1,740 | 2,091 | 1,221 | 911 | 1,198 | 1,964 | 579 | 616 | 2,622 |
Earnings per common share: | |||||||||
Basic (in dollars per share) | |||||||||
0.10 | 0.16 | 0.20 | 0.11 | 0.09 | - | - | - | - | - |
Diluted (in dollars per share) | |||||||||
0.10 | 0.16 | 0.20 | 0.11 | 0.09 | - | - | - | - | - |
Weighted average shares outstanding, basic | |||||||||
10,721 | - | 10,710 | - | 10,699 | - | - | - | - | - |
Weighted average shares outstanding, diluted | |||||||||
10,721 | - | 10,710 | - | 10,699 | - | - | - | - | - |
Weighted average shares outstanding (in shares) | |||||||||
- | - | - | 10,705 | - | - | - | - | - | - |