As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2016 Y 3/31/2018 USD 2017 Y 3/31/2019 USD 2018 Y 3/31/2019 USD 2019 Y 3/31/2019 USD 2020 Q1 YTD 6/30/2019 USD
Source Document Currency Code 2016 Y 3/31/2018 USD 2017 Y 3/31/2019 USD 2018 Y 3/31/2019 USD 2019 Y 3/31/2019 USD 2020 Q1 YTD 6/30/2019 USD

INTEREST AND DIVIDEND INCOME

Interest and fees on loans receivable 27,795 31,609 39,659 44,187 11,514
Interest on investment securities - taxable 2,709 3,550 4,648 4,456 878
Interest on investment securities - nontaxable 0 25 95 146 37
Other interest and dividends 444 443 558 329 87
Total interest and dividend income 30,948 35,627 44,960 49,118 12,516

INTEREST EXPENSE

Interest on deposits 1,173 1,151 1,208 996 351
Interest on borrowings 569 718 1,141 1,819 735
Total interest expense 1,742 1,869 2,349 2,815 1,086
Net interest income 29,206 33,758 42,611 46,303 11,430
Recapture of loan losses (1,150) 0 0 50 0
Net interest income after recapture of loan losses 30,356 33,758 42,611 46,253 11,430

NON-INTEREST INCOME

Fees and service charges 4,846 5,177 5,779 6,699 1,677
Asset management fees 3,212 2,988 3,448 3,791 1,143
Net gains on sales of loans held for sale 525 656 641 317 96
BOLI 770 760 819 734 193
Other, net 22 433 317 317 67
Total non-interest income, net 9,375 10,014 11,004 11,858 3,176

NON-INTEREST EXPENSE

Salaries and employee benefits 17,694 19,356 21,743 22,320 5,715
Occupancy and depreciation 4,727 4,819 5,454 5,334 1,320
Data processing 1,775 2,111 2,313 2,467 680
Amortization of CDI 2 27 232 183 40
Advertising and marketing 669 754 747 769 210
FDIC insurance premium 500 356 476 326 80
State and local taxes 510 609 605 651 195
Telecommunications 292 317 417 353 86
Professional fees 904 1,628 1,181 1,426 325
REO 567 NA NA NA NA
Litigation settlement 100 500 0 0 NA
Other 2,207 2,504 2,450 1,870 543
Total non-interest expense 29,947 32,981 35,618 35,699 9,194
INCOME BEFORE INCOME TAXES 9,784 10,791 17,997 22,412 5,412
PROVISION FOR INCOME TAXES 3,426 3,387 7,755 5,146 1,220
NET INCOME 6,358 7,404 10,242 17,266 4,192

Earnings per common share

Basic 0.28 0.33 0.45 0.76 0.19
Diluted 0.28 0.33 0.45 0.76 0.18

Weighted average number of common shares outstanding

Basic 22,450,252 22,478,306 22,531,480 22,588,395 22,619,580
Diluted 22,494,151 22,548,340 22,623,455 22,659,594 22,685,343

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 6,358 7,404 10,242 17,266 4,192

Other comprehensive income (loss)

Net unrealized holding gain (loss) from available for sale investment securities arising during the period, net of tax 321 (2,872) (2,719) 2,122 2,135
Reclassification adjustment for other than temporary impairment ("OTTI") of available for sale investment security included in income, net of tax 0 155 0 0 NA
Reclassification adjustment of net gain from sale of available for sale investment securities included in income, net of tax 0 (53) 0 0 NA
Total other comprehensive income (loss), net 321 (2,770) (2,719) 2,122 NA
Noncontrolling interest 47 NA NA NA NA
Total comprehensive income, net 6,726 4,634 7,523 19,388 6,327
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.