Income Statement
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 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
(in thousands)    
Interest and dividend income 
Loans, including fees 19,05820,51822,76124,769
Securities 3,6242,6462,4112,263
Other earning assets 270338263316
Total interest and dividend income 22,95223,50225,43527,348
Interest expense 
Deposits 2,2281,5701,5201,472
Overnight and short-term borrowings 1102
Federal Home Loan Bank advances 1,9651,9651,9651,970
Total interest expense 4,1943,5363,4853,444
Net interest income 18,75819,96621,95023,904
Provision for (recovery of) loan losses (681)(998)361548
Net interest income after provision for (recovery of) loan losses 19,43920,96421,58923,356
Noninterest income 
Mortgage banking income 1,8859181,7631,809
Deposit and other service charge income 2,6202,4882,5982,839
Income from debit card services 1,5301,6401,7811,813
Gain on sale of investment securities 8702115751,321
Other noninterest income 1,1291,076792974
Total noninterest income 8,0346,3337,5098,756
Noninterest expenses 
Salaries and employee benefits 12,64613,04113,51013,088
Occupancy expense, net 2,0681,9001,7811,786
Foreclosed property expenses 2,339498239171
Data processing fees 2,6732,3542,4442,630
Federal deposit insurance premiums 601524504325
Advertising 686614537535
Professional and outside services 8831,2071,0661,134
Settlement of qualified pension plan NA007,607
Other noninterest expenses 3,4983,4103,4593,174
Total noninterest expenses 25,39423,54823,54030,450
Income before income tax provision 2,0793,7495,5581,662
Income tax provision 6251,2601,983444
Net income 1,4542,4893,5751,218
Net income per common share - Basic 0.310.60.920.35
Net income per common share - Diluted 0.310.590.890.33
Comprehensive Income 
Net income 1,4542,4893,5751,218
Other comprehensive income 
Unrealized holding gains (losses) on securities available for sale 
Reclassification of securities gains recognized in net income (870)(211)(575)(1,321)
Deferred income tax benefit 32779214484
Gains (losses) arising during the period (6,993)5,139797(1,670)
Deferred income tax benefit (expense) 2,705(1,931)(295)595
Unrealized holding gains (losses) adjustment, net of tax (4,831)3,076141(1,912)
Defined benefit pension plans 
Reclassification of unrealized pension liability recognized in net income NA007,607
Deferred income tax expense (437)00(2,787)
Net periodic pension cost (199)(565)(799)(510)
Net pension gain (loss) 1,161(1,799)1,843969
Deferred income tax benefit (expense) NA859(444)(171)
Defined benefit pension plan adjustment, net of tax 525(1,505)6005,108
Total other comprehensive income (4,306)1,5717413,196
Comprehensive income (2,852)4,0604,3164,414

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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