As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q2 YTD 10-Q 6/30/2020 USD
Document Name As Of Date Currency Code 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD 2020 Q2 YTD 10-Q 6/30/2020 USD

Interest income

Loans, including fees 38,537 43,537 49,229 54,192 26,551

AFS securities

Taxable 8,591 8,410 8,239 7,185 2,841
Nontaxable 5,715 5,570 5,279 4,728 2,039
Federal funds sold and other 823 896 1,117 1,201 639
Total interest income 53,666 58,413 63,864 67,306 32,070

Interest expense

Deposits 5,836 6,809 9,261 11,608 5,038
Borrowings 5,029 5,685 6,370 6,253 2,726
Total interest expense 10,865 12,494 15,631 17,861 7,764
Net interest income 42,801 45,919 48,233 49,445 24,306
Provision for loan losses (135) 253 978 30 893
Net interest income after provision for loan losses 42,936 45,666 47,255 49,415 23,413

Noninterest income

Service charges and fees 5,230 6,013 6,210 6,347 2,739
Wealth management fees NA 2,607 2,836 2,792 1,228
Gains from redemption of corporate owned life insurance policies NA NA NA NA 873
Net gain on sale of mortgage loans 651 647 525 650 617
Net gains on foreclosed assets NA 50 49 162 NA
Net gains on sale of AFS securities 245 142 0 6 NA
Net income (loss) on joint venture investment NA 164 274 (3,108) NA
Earnings on corporate owned life insurance policies 761 756 742 764 371
Other 4,221 461 345 426 416
Total noninterest income 11,108 10,840 10,981 8,039 6,244

Noninterest expenses

Compensation and benefits 19,170 21,525 22,609 23,205 11,662
Furniture and equipment 5,275 5,407 6,055 5,866 2,892
Occupancy 3,227 3,133 3,263 3,418 1,779
Other 10,225 10,188 10,925 10,561 5,312
Total noninterest expenses 37,897 40,253 42,852 43,050 21,645
Income before federal income tax expense 16,147 16,253 15,384 14,404 8,012
Federal income tax expense 2,348 3,016 1,363 1,380 761
NET INCOME 13,799 13,237 14,021 13,024 7,251

Earnings per common share

Basic 1.77 1.69 1.78 1.65 0.91
Diluted 1.73 1.65 1.74 1.61 0.90
Cash dividends per common share 0.98 1.02 1.04 1.05 0.54

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 13,799 13,237 14,021 13,024 7,251
Unrealized gains (losses) on AFS securities arising during the period (5,865) 289 (7,229) 12,276 8,370
Reclassification adjustment for net (gains) losses included in net income (245) (142) 0 (6) (71)
Reclassification adjustment for impairment loss included in net income 770 NA NA NA NA
Comprehensive income (loss) before income tax (expense) benefit (5,340) 147 (7,229) 12,270 NA
Reclassification adjustment for net (gains) losses included in net income Tax effect 1,834 89 1,415 (2,458) (1,772)
Unrealized gains (losses) on AFS securities, net of tax (3,506) 236 (5,814) 9,812 6,527
Unrealized gains (losses) on derivative instruments arising during the period 248 43 33 (256) (165)
Unrealized gains (losses) on derivative instruments arising during the period Tax effect (84) (15) (7) 54 34
Unrealized gains (losses) on derivative instruments, net of tax 164 28 26 (202) (131)

Change in unrecognized pension cost on defined benefit pension plan

Change in unrecognized pension cost arising during the period 282 11 265 (210) NA
Reclassification adjustment for net periodic benefit cost included in net income 238 412 345 268 NA
Net change in unrecognized pension cost 520 423 610 58 NA
Tax effect (177) (144) (128) (12) NA
Change in unrealized pension cost, net of tax 343 279 482 46 NA
Other comprehensive income (loss), net of tax (2,999) 543 (5,306) 9,656 6,396
Comprehensive income (loss) 10,800 13,780 8,715 22,680 13,647
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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