As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 3/31/2017 USD 2016 Y 3/31/2018 USD 2017 Y 3/31/2018 USD 2018 Y 3/31/2018 USD 2019 Q2 YTD 9/30/2018 USD
Source Document Currency Code 2015 Y 3/31/2017 USD 2016 Y 3/31/2018 USD 2017 Y 3/31/2018 USD 2018 Y 3/31/2018 USD 2019 Q2 YTD 9/30/2018 USD

INTEREST AND DIVIDEND INCOME

Interest and fees on loans receivable 25,896 27,795 31,609 39,659 21,720
Interest on investment securities - taxable 2,274 2,709 3,550 4,648 2,314
Interest on investment securities - nontaxable 0 0 25 95 73
Other interest and dividends 456 444 443 558 211
Total interest and dividend income 28,626 30,948 35,627 44,960 24,318

INTEREST EXPENSE

Interest on deposits 1,326 1,173 1,151 1,208 519
Interest on borrowings 590 569 718 1,141 710
Total interest expense 1,916 1,742 1,869 2,349 1,229
Net interest income 26,710 29,206 33,758 42,611 23,089
Provision for loan losses (1,800) (1,150) 0 0 50
Net interest income after provision for loan losses 28,510 30,356 33,758 42,611 23,039

NON-INTEREST INCOME

Fees and service charges 4,317 4,846 5,177 5,779 3,445
Asset management fees 2,975 3,212 2,988 3,448 1,869
Net gains on sales of loans held for sale 596 525 656 641 196
BOLI 716 770 760 819 353
Other, net 271 22 433 317 205
Total non-interest income, net 8,875 9,375 10,014 11,004 6,068

NON-INTEREST EXPENSE

Salaries and employee benefits 17,805 17,694 19,356 21,743 10,861
Occupancy and depreciation 4,778 4,727 4,819 5,454 2,710
Data processing 1,807 1,775 2,111 2,313 1,253
Amortization of CDI 24 2 27 232 92
Advertising and marketing 628 669 754 747 458
FDIC insurance premium 627 500 356 476 161
State and local taxes 559 510 609 605 350
Telecommunications 295 292 317 417 181
Professional fees 1,089 904 1,628 1,181 671
REO 994 567 54 12 NA
Litigation settlement 0 100 500 0 NA
Other 2,138 2,207 2,450 2,438 1,197
Total non-interest expense 30,744 29,947 32,981 35,618 17,934
INCOME BEFORE INCOME TAXES 6,641 9,784 10,791 17,997 11,173
PROVISION FOR INCOME TAXES 2,150 3,426 3,387 7,755 2,502
NET INCOME 4,491 6,358 7,404 10,242 8,671

Earnings per common share

Basic 0.20 0.28 0.33 0.45 0.38
Diluted 0.20 0.28 0.33 0.45 0.38

Weighted average number of common shares outstanding

Basic 22,392,744 22,450,252 22,478,306 22,531,480 22,575,009
Diluted 22,431,839 22,494,151 22,548,340 22,618,330 22,655,297

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 4,491 6,358 7,404 10,242 8,671

Other comprehensive income (loss)

Net unrealized holding gain (loss) from available for sale investment securities arising during the period, net of tax 1,513 321 (2,872) (2,719) (1,754)
Reclassification adjustment for other than temporary impairment ("OTTI") of available for sale investment security included in income, net of tax 0 0 155 0 NA
Reclassification adjustment of net gain from sale of available for sale investment securities included in income, net of tax (104) 0 (53) 0 NA
Total other comprehensive income (loss), net 1,409 321 (2,770) (2,719) NA
Noncontrolling interest 65 47 0 0 NA
Total comprehensive income, net 5,965 6,726 4,634 7,523 6,917
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.