Income Statement
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 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201512/31/201612/31/201612/31/20166/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest and dividend income 
Loans, including fees 19,05820,51822,76124,76912,760
Securities 3,6242,6462,4112,2631,047
Other earning assets 270338263316230
Total interest and dividend income 22,95223,50225,43527,34814,037
Interest expense 
Deposits 2,2281,5701,5201,472812
Overnight and short-term borrowings 11020
Federal Home Loan Bank advances 1,9651,9651,9651,970605
Total interest expense 4,1943,5363,4853,4441,417
Net interest income 18,75819,96621,95023,90412,620
Provision for loan losses (681)(998)361548132
Net interest income after provision for loan losses 19,43920,96421,58923,35612,488
Noninterest income 
Mortgage banking income 1,8859181,7631,809820
Deposit and other service charge income 2,6202,4882,5982,8391,433
Income from debit card services 1,5301,6401,7811,813851
Gain on sale of investment securities, net 8702115751,32127
Other noninterest income 1,1291,076792974572
Total noninterest income 8,0346,3337,5098,7563,703
Noninterest expenses 
Salaries and employee benefits 12,64613,04113,51013,0886,608
Occupancy expense, net 2,0681,9001,7811,786804
Foreclosed property expenses 2,339498239171160
Data processing fees 2,6732,3542,4442,6301,220
Federal deposit insurance premiums 601524504325125
Advertising 686614537535208
Professional and outside services 8831,2071,0661,134402
Settlement of qualified pension plan NA007,607NA
Merger-related expenses NANANANA520
Other noninterest expenses 3,4983,4103,4593,1741,803
Total noninterest expenses 25,39423,54823,54030,45011,850
Income before income tax provision 2,0793,7495,5581,6624,341
Income tax provision 6251,2601,9834441,355
Net income 1,4542,4893,5751,2182,986
Net income per common share - Basic 0.310.60.920.350.86
Net income per common share - Diluted 0.310.590.890.330.8
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Comprehensive Income 
Net income 1,4542,4893,5751,2182,986
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)1,556
Deferred income tax benefit (expense) 2,705(1,931)(295)595NA
Reclassification of unrealized pension liability recognized in net income NA007,607NA
Deferred income tax expense (437)00(2,787)(560)
Unrealized holding gains adjustment, net of tax (4,831)3,076141(1,912)979
Defined Benefit Pension Plans 
Net periodic pension cost (199)(565)(799)(510)(118)
Net pension gain 1,161(1,799)1,843969118
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)1,5717413,196979
Comprehensive income (2,852)4,0604,3164,4143,965


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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