Income Statement
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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
(in thousands)     
Interest and dividend income 
Loans, including fees 19,05820,51822,76124,7696,294
Securities 3,6242,6462,4112,263520
Other earning assets 270338263316109
Total interest and dividend income 22,95223,50225,43527,3486,923
Interest expense 
Deposits 2,2281,5701,5201,472390
Overnight and short-term borrowings 1102NA
Federal Home Loan Bank advances 1,9651,9651,9651,970426
Total interest expense 4,1943,5363,4853,444816
Net interest income 18,75819,96621,95023,9046,107
Provision for loan losses (681)(998)36154857
Net interest income after provision for loan losses 19,43920,96421,58923,3566,050
Noninterest income 
Mortgage banking income 1,8859181,7631,809445
Deposit and other service charge income 2,6202,4882,5982,839734
Income from debit card services 1,5301,6401,7811,813429
Gain on sale of investment securities, net 8702115751,32127
Other noninterest income 1,1291,076792974311
Total noninterest income 8,0346,3337,5098,7561,946
Noninterest expenses 
Salaries and employee benefits 12,64613,04113,51013,0883,231
Occupancy expense, net 2,0681,9001,7811,786430
Foreclosed property expenses 2,33949823917138
Data processing fees 2,6732,3542,4442,630617
Federal deposit insurance premiums 60152450432563
Advertising 686614537535101
Professional and outside services 8831,2071,0661,134220
Settlement of qualified pension plan NA007,607NA
Other noninterest expenses 3,4983,4103,4593,174888
Total noninterest expenses 25,39423,54823,54030,4505,588
Income before income tax provision 2,0793,7495,5581,6622,408
Income tax provision 6251,2601,983444574
Net income 1,4542,4893,5751,2181,834
Net income per common share - Basic 0.310.60.920.350.53
Net income per common share - Diluted 0.310.590.890.330.5
Comprehensive Income 
Net income 1,4542,4893,5751,2181,834
Other comprehensive income 
Unrealized holding gains on securities available for sale 
Reclassification of securities gains recognized in net income (870)(211)(575)(1,321)(27)
Deferred income tax benefit 3277921448410
Gains arising during the period (6,993)5,139797(1,670)401
Deferred income tax benefit (expense) 2,705(1,931)(295)595NA
Deferred income tax expense (437)00(2,787)(145)
Unrealized holding gains adjustment, net of tax (4,831)3,076141(1,912)239
Defined benefit pension plans 
Reclassification of unrealized pension liability recognized in net income NA007,607NA
Defined Benefit Pension Plans 
Net periodic pension cost (199)(565)(799)(510)(60)
Net pension gain 1,161(1,799)1,84396960
Deferred income tax benefit (expense) NA859(444)(171)NA
Defined benefit pension plan adjustment, net of tax 525(1,505)6005,108NA
Total other comprehensive income (4,306)1,5717413,196239
Comprehensive income (2,852)4,0604,3164,4142,073

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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