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 Q1 YTD 6/30/2018 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 Q1 YTD 6/30/2018 USD

CONSOLIDATED STATEMENTS OF INCOME

INTEREST AND DIVIDEND INCOME

Interest and fees on loans receivable 25,896 27,795 31,609 39,659 10,777
Interest on investment securities - taxable 2,274 2,709 3,550 4,648 1,198
Interest on investment securities - nontaxable 0 0 25 95 37
Other interest and dividends 456 444 443 558 93
Total interest and dividend income 28,626 30,948 35,627 44,960 12,105

INTEREST EXPENSE

Interest on deposits 1,326 1,173 1,151 1,208 260
Interest on borrowings 590 569 718 1,141 358
Total interest expense 1,916 1,742 1,869 2,349 618
Net interest income 26,710 29,206 33,758 42,611 11,487
Recapture of loan losses (1,800) (1,150) 0 0 (200)
Net interest income after recapture of loan losses 28,510 30,356 33,758 42,611 11,687

NON-INTEREST INCOME

Fees and service charges 4,317 4,846 5,177 5,779 1,755
Asset management fees 2,975 3,212 2,988 3,448 926
Net gains on sales of loans held for sale 596 525 656 641 152
BOLI 716 770 760 819 179
Other, net 271 22 433 317 40
Total non-interest income, net 8,875 9,375 10,014 11,004 3,052

NON-INTEREST EXPENSE

Salaries and employee benefits 17,805 17,694 19,356 21,743 5,578
Occupancy and depreciation 4,778 4,727 4,819 5,454 1,359
Data processing 1,807 1,775 2,111 2,313 631
Amortization of CDI 24 2 27 232 46
Advertising and marketing 628 669 754 747 192
FDIC insurance premium 627 500 356 476 76
State and local taxes 559 510 609 605 168
Telecommunications 295 292 317 417 93
Professional fees 1,089 904 1,628 1,181 284
REO 994 567 54 12 NA
Litigation settlement 0 100 500 0 NA
Other 2,138 2,207 2,450 2,438 592
Total non-interest expense 30,744 29,947 32,981 35,618 9,019
INCOME BEFORE INCOME TAXES 6,641 9,784 10,791 17,997 5,720
PROVISION FOR INCOME TAXES 2,150 3,426 3,387 7,755 1,278
NET INCOME 4,491 6,358 7,404 10,242 4,442

Earnings per common share

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

Weighted average number of common shares outstanding

Basic 22,392,744 22,450,252 22,478,306 22,531,480 22,570,179
Diluted 22,431,839 22,494,151 22,548,340 22,618,330 22,651,732

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 4,491 6,358 7,404 10,242 4,442

Other comprehensive income (loss)

Net unrealized holding gain (loss) from available for sale investment securities arising during the period 1,513 321 (2,872) (2,719) (736)
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 3,706
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.