As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD

Interest income

Loans, including fees 35,853 38,537 43,537 49,229 26,478

AFS securities

Taxable 9,053 8,591 8,410 8,239 3,831
Nontaxable 5,996 5,715 5,570 5,279 2,460
Federal funds sold and other 600 823 896 1,117 527
Total interest income 51,502 53,666 58,413 63,864 33,296

Interest expense

Deposits 5,850 5,836 6,809 9,261 5,583
Borrowings 4,313 5,029 5,685 6,370 3,236
Total interest expense 10,163 10,865 12,494 15,631 8,819
Net interest income 41,339 42,801 45,919 48,233 24,477
Provision for loan losses (2,771) (135) 253 978 (145)
Net interest income after provision for loan losses 44,110 42,936 45,666 47,255 24,622

Noninterest income

Service charges and fees 5,437 5,230 6,013 6,210 3,001
Investment and Trust advisory fees NA NA NA NA 1,457
Earnings on corporate owned life insurance policies 771 761 726 707 374
Net gain on sale of mortgage loans 573 651 647 525 209
Net gains on sale of AFS securities 163 245 142 0 NA
Other 3,415 4,221 3,284 3,504 449
Total noninterest income 10,359 11,108 10,812 10,946 5,490

Noninterest expenses

Compensation and benefits 18,431 19,170 21,525 22,609 11,679
Furniture and equipment 5,144 5,275 5,523 6,182 2,903
Occupancy 3,037 3,227 3,133 3,263 1,764
Other 9,439 10,225 10,044 10,763 5,192
Total noninterest expenses 36,051 37,897 40,225 42,817 21,538
Income before federal income tax expense 18,418 16,147 16,253 15,384 8,574
Federal income tax expense 3,288 2,348 3,016 1,363 890
NET INCOME 15,130 13,799 13,237 14,021 7,684

Earnings per common share

Basic 1.95 1.77 1.69 1.78 0.97
Diluted 1.90 1.73 1.65 1.74 0.95
Cash dividends per common share 0.94 0.98 1.02 1.04 0.52

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 15,130 13,799 13,237 14,021 7,684
Unrealized gains (losses) on AFS securities arising during the period 310 (5,865) 289 (7,229) 10,830
Reclassification adjustment for net realized (gains) losses included in net income (163) (245) (142) 0 NA
Reclassification adjustment for impairment loss included in net income 0 770 0 0 NA
Comprehensive income (loss) before income tax (expense) benefit 147 (5,340) 147 (7,229) NA
Tax effect - Unrealized gains (losses) on AFS securities arising during the period 87 1,834 89 1,415 (2,213)
Unrealized gains (losses) on AFS securities, net of tax 234 (3,506) 236 (5,814) 8,617
Unrealized gains (losses) on derivative instruments arising during the period 0 248 43 33 (208)
Tax effect - Unrealized gains (losses) on derivative instruments arising during the period 0 (84) (15) (7) 43
Unrealized gains (losses) on derivative instruments, net of tax 0 164 28 26 (165)

Change in unrecognized pension cost on defined benefit pension plan

Change in unrecognized pension cost arising during the period 255 282 11 265 NA
Reclassification adjustment for net periodic benefit cost included in net income 492 238 412 345 NA
Net change in unrecognized pension cost 747 520 423 610 NA
Tax effect (254) (177) (144) (128) NA
Change in unrealized pension cost, net of tax 493 343 279 482 NA
Other comprehensive income (loss), net of tax 727 (2,999) 543 (5,306) 8,452
Comprehensive income (loss) 15,857 10,800 13,780 8,715 16,136
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