| Mar'20 | Sep'19 | Jun'19 | Mar'19 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|
Interest Income | ||||||
Investment securities | ||||||
1,262 | 862 | 956 | 941 | 876 | 829 | 866 |
Other | ||||||
125 | - | - | 49 | - | - | - |
Other | ||||||
- | 626 | 278 | - | 27 | 47 | 34 |
Total interest income | ||||||
10,451 | 10,807 | 10,398 | 9,756 | 8,971 | 8,595 | 8,162 |
Interest Expense | ||||||
Deposits | ||||||
1,824 | 2,033 | 2,107 | 1,886 | 1,474 | 1,351 | 1,157 |
Borrowings | ||||||
739 | 864 | 808 | 750 | 556 | 433 | 454 |
Total interest expense | ||||||
2,564 | 2,897 | 2,916 | 2,636 | 2,031 | 1,784 | 1,611 |
Net Interest Income | ||||||
7,887 | 7,909 | 7,482 | 7,119 | 6,940 | 6,810 | 6,550 |
Provision for losses on loans and leases | ||||||
210 | 705 | 485 | 525 | 450 | 450 | 450 |
Net Interest Income After Provision for Losses on Loans and Leases | ||||||
7,677 | - | - | 6,594 | - | - | - |
Net Interest Income After Provision for Losses on Loans and Leases | ||||||
- | 7,204 | 6,997 | - | 6,490 | 6,360 | 6,100 |
Non-Interest Income | ||||||
Service Charges on Deposit Accounts | ||||||
254 | 295 | 251 | 231 | 284 | 273 | 252 |
Card fee income | ||||||
179 | 189 | 185 | 166 | 168 | 176 | 159 |
Loan and lease servicing fees | ||||||
-65 | - | - | 113 | - | - | - |
Loan and lease servicing fees | ||||||
- | 68 | 98 | - | 81 | 105 | 38 |
Net gains on securities (includes $69,139 and $24,806 for the three months ended March 31, 2020 and 2019, respectively, related to accumulated other comprehensive loss reclassifications) | ||||||
69 | 21 | 36 | 24 | 0 | 11 | 0 |
Net gains on loan and lease sales | ||||||
228 | 231 | 123 | 87 | 154 | 101 | 98 |
Other loan fees | ||||||
82 | - | - | 154 | - | - | - |
Other loan fees | ||||||
- | 211 | 88 | - | 103 | 80 | 149 |
Other income | ||||||
204 | 129 | 114 | 126 | 213 | 152 | 139 |
Total non-interest income | ||||||
953 | 1,147 | 899 | 904 | 1,006 | 901 | 838 |
Non-Interest Expenses | ||||||
Salaries and employee benefits | ||||||
3,363 | 3,840 | 5,316 | 3,475 | 3,417 | 3,441 | 3,410 |
Loans and leases | ||||||
9,063 | 9,318 | 9,163 | 8,766 | 8,067 | 7,718 | 7,261 |
Net occupancy expenses | ||||||
290 | 275 | 256 | 293 | 256 | 263 | 292 |
Equipment expenses | ||||||
255 | 250 | 233 | 242 | 224 | 223 | 233 |
Data processing fees | ||||||
476 | 442 | 423 | 414 | 344 | 373 | 371 |
Deposit insurance expense | ||||||
56 | 23 | 158 | 135 | 172 | 156 | 106 |
Printing and office supplies | ||||||
26 | 45 | 27 | 41 | 28 | 42 | 35 |
Legal and professional fees | ||||||
241 | 310 | 208 | 296 | 146 | 140 | 141 |
Advertising expense | ||||||
109 | 197 | 173 | 123 | 122 | 116 | 118 |
Bank Service Charges | ||||||
37 | 29 | 32 | 31 | 28 | 28 | 23 |
Real estate owned expense | ||||||
2 | 7 | 22 | 14 | 10 | 10 | 8 |
Loan Tax and Insurance Expense | ||||||
664 | - | - | 736 | - | - | - |
Loss on Sale of Real Estate Owned | ||||||
- | 5 | 6 | - | 3 | 0 | - |
Donation to Establish First Bank Richmond Charitable Foundation | ||||||
- | 6,250 | - | - | 0 | - | - |
Loan tax and insurance expense | ||||||
- | 81 | 72 | - | 5 | 44 | 52 |
Other expenses | ||||||
- | 740 | 671 | - | 719 | 707 | 645 |
Loan Tax and Insurance Expense | ||||||
5,523 | 12,499 | 7,603 | 5,805 | 5,481 | 5,548 | 5,439 |
Income Before Income Tax Expense | ||||||
3,106 | -4,148 | 293 | 1,694 | 2,014 | 1,713 | 1,500 |
Provision for income taxes (includes $17,522 and $6,483 for the three months ended March 31, 2020 and 2019 respectively, related to income tax expense from reclassification of items) | ||||||
654 | -898 | -41 | 322 | 394 | 338 | 287 |
Net Income | ||||||
2,452 | -3,250 | 335 | 1,372 | 1,620 | 1,374 | 1,212 |
Earnings Per Share | ||||||
Basic | ||||||
0.20 | -0.26 | - | - | - | - | - |
Diluted | ||||||
0.20 | -0.26 | - | - | - | - | - |