$33.49M
Net Interest Income
$9.62M
Net Income
74.8%
Efficiency Ratio
2.53%
Net Int. Margin
8.0%
ROE
| Breakdown | TTM (Dec 31, 2023) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Income | $49.28M | $49.28M | $39.70M | $38.51M | $40.56M | $35.36M | $31.36M | $30.50M | $30.17M | $30.96M | $31.38M | $32.12M | $34.39M | $36.97M |
| Interest Expense | $19.41M | $19.41M | $4.79M | $5.01M | $7.43M | $9.72M | $4.46M | $3.34M | $3.10M | $3.08M | $3.02M | $4.08M | $5.71M | $6.64M |
| Net Interest Income | $29.88M | $29.88M | $34.91M | $33.49M | $33.13M | $25.64M | $26.90M | $27.16M | $27.07M | $27.89M | $28.36M | $28.04M | $28.68M | $30.33M |
| Provision for Credit Losses | $669.00K | $669.00K | $124.00K | $1.41M | - | - | - | - | - | - | - | - | - | - |
| Net Interest Income After Provision | $29.21M | $29.21M | $34.78M | $32.09M | $31.65M | $25.07M | $26.57M | $27.71M | $27.14M | $27.33M | $27.44M | $25.83M | $27.13M | $27.34M |
| Non-Interest Income | $8.75M | $8.75M | $10.88M | $12.19M | $10.46M | $9.75M | $8.60M | $8.30M | $7.69M | $8.33M | $8.16M | $7.82M | $7.40M | $7.44M |
| Other Non-Interest Income | $2.50M | $2.50M | $2.72M | $3.03M | $2.67M | - | - | - | - | - | - | - | - | - |
| Non-Interest Expense | $36.18M | $36.18M | $34.17M | $35.35M | $33.43M | $27.56M | $27.66M | $28.23M | $26.48M | $25.59M | $26.32M | $24.73M | $26.10M | $26.24M |
| Compensation & Benefits | $18.58M | $18.58M | $17.65M | $18.46M | $17.48M | $14.88M | $14.53M | $14.77M | $13.70M | $13.30M | $13.10M | $13.11M | $13.74M | $14.06M |
| Occupancy Expense | $3.14M | $3.14M | $3.19M | $3.19M | $4.16M | $2.10M | $2.02M | $2.17M | $2.08M | $2.16M | $2.13M | $2.02M | $2.01M | $1.93M |
| Technology & Equipment | - | $4.69M | $4.22M | $3.94M | $3.20M | $3.15M | $3.71M | $3.21M | $3.03M | $3.07M | $3.07M | $2.38M | $2.48M | $2.38M |
| Other Non-Interest Expense | $9.76M | $9.76M | $9.07M | $8.84M | $8.59M | $7.43M | $7.40M | $8.07M | $7.67M | $7.07M | $8.03M | $7.22M | $7.88M | $7.88M |
| Income Before Tax | $1.78M | $1.78M | $11.50M | $8.93M | $8.68M | $7.26M | $7.50M | $7.77M | $8.35M | $10.07M | $9.28M | $8.92M | $8.43M | $8.53M |
| Income Tax Expense | $-74.00K | $-74.00K | $1.88M | $1.43M | $1.75M | $1.35M | $827.73K | $4.07M | $1.61M | $2.48M | $1.83M | $1.77M | $1.65M | $1.32M |
| Net Income | $1.85M | $1.85M | $9.62M | $7.49M | $6.93M | $5.90M | $6.67M | $3.70M | $6.74M | $7.59M | $7.45M | $7.15M | $6.78M | $7.22M |
| Basic EPS | 0.33 | 0.33 | 1.72 | 1.34 | 1.24 | 1.17 | 1.36 | 0.76 | 1.38 | 1.56 | 1.53 | 1.47 | 1.40 | 1.49 |
| Diluted EPS | 0.33 | 0.33 | 1.72 | 1.34 | 1.24 | 1.17 | 1.36 | 0.76 | 1.38 | 1.56 | 1.53 | 1.47 | 1.39 | 1.49 |
| Breakdown | FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Due from Banks | $14.55M | $26.95M | $10.67M | $16.84M | $15.94M | $12.59M | $17.96M | $21.69M | $14.95M | $22.41M | $16.04M | $21.56M | $35.41M |
| Interest-Bearing Deposits | $79.92M | $1.65M | $68.56M | - | - | $8.08M | $1.53M | $48.60M | $42.27M | $61.48M | $684.10K | $16.23M | $3.99M |
| Investment Securities - AFS | $177.79M | $201.32M | $631.84M | $678.75M | $464.38M | $444.75M | $505.05M | $496.12M | $267.26M | $179.75M | - | - | - |
| Investment Securities - HTM | - | - | - | - | - | - | - | - | $161.04M | $206.82M | - | - | - |
| Loans & Leases (Gross) | - | $585.59M | $571.85M | - | - | - | - | - | - | - | - | - | - |
| Allowance for Loan Losses | $6.55M | $5.26M | $4.51M | - | - | - | - | - | - | - | - | - | - |
| Loans & Leases (Net) | - | $580.33M | $567.33M | $647.52M | $573.31M | $425.91M | $402.39M | $390.15M | $423.11M | $384.42M | $384.10M | $361.94M | $382.58M |
| Premises & Equipment | $27.07M | $27.70M | $26.66M | $25.63M | $24.67M | $19.72M | $20.57M | $18.66M | $18.66M | $19.24M | $18.62M | $19.43M | $20.28M |
| Other Assets | $8.97M | $4.68M | $4.09M | $6.41M | $20.47M | $7.97M | $7.19M | $6.29M | $6.42M | $13.53M | $22.20M | $7.09M | $4.26M |
| Total Assets | $1.40B | $1.32B | $1.36B | $1.45B | $1.20B | $958.63M | $993.10M | $1.03B | $973.50M | $921.06M | $873.07M | $880.84M | $853.95M |
| Total Deposits | $1.17B | $1.13B | $1.11B | $1.10B | $899.00M | $756.22M | $720.69M | $760.15M | $753.40M | $696.09M | $654.63M | $642.55M | $572.34M |
| Short-term Borrowings | $158.09M | $127.57M | - | - | - | - | - | - | - | - | - | - | - |
| Other Liabilities | $4.49M | $2.40M | $2.89M | $4.50M | $2.65M | $1.05M | $1.14M | $1.31M | $1.48M | $1.28M | $1.83M | $1.38M | $1.35M |
| Total Liabilities | $1.36B | $1.28B | $1.26B | $1.33B | $1.08B | $874.76M | $904.64M | $940.15M | $887.08M | $839.20M | $806.80M | $791.97M | $767.87M |
| Common Stock | $1.12M | $1.12M | $1.12M | $1.12M | $1.12M | $980.91K | $978.94K | $976.52K | $975.02K | $975.48K | $974.02K | $972.28K | $968.78K |
| Retained Earnings | $99.35M | $102.53M | $98.28M | $96.16M | $94.59M | $93.56M | $91.59M | $91.00M | $88.95M | $85.90M | $82.79M | $79.93M | $77.42M |
| AOCI | $-76.29M | $-83.07M | $-11.79M | $4.14M | $-789.00K | $-14.97M | $-8.23M | $-10.72M | $-7.12M | $-8.88M | $-21.25M | $4.35M | $4.44M |
| Total Stockholders Equity | $42.77M | $39.02M | $105.90M | $119.55M | $112.80M | $83.87M | $88.45M | $85.06M | $86.43M | $81.86M | $66.27M | $88.87M | $86.08M |
| Total Liabilities & Equity | $1.40B | $1.32B | $1.36B | $1.45B | $1.20B | $958.63M | $993.10M | $1.03B | $973.50M | $921.06M | $873.07M | $880.84M | $853.95M |
| Breakdown | TTM (Dec 31, 2023) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.99M | $1.85M | $9.62M | $7.49M | $6.93M | $5.90M | $6.67M | $3.70M | $6.74M | $7.59M | $7.45M | $7.15M | $6.78M | $7.22M |
| Provision for Credit Losses | - | $669.00K | $124.00K | $1.41M | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | - | $1.44M | $1.27M | $1.17M | $1.12M | - | - | - | - | - | - | - | - | - |
| Deferred Taxes | - | $-362.00K | $401.00K | $566.00K | $498.00K | $459.00K | $972.94K | $3.89M | $673.98K | $-86.25K | $307.92K | $-850.10K | $-536.37K | $-572.14K |
| Stock-based Compensation | - | $138.00K | $157.00K | $161.00K | $167.00K | $163.00K | $170.32K | $210.74K | $186.43K | $117.30K | $115.00K | - | $119.83K | $123.70K |
| Operating Cash Flow | $8.92M | $5.52M | $13.76M | $17.49M | $14.04M | $11.95M | $12.17M | $10.62M | $10.08M | - | - | $11.21M | $11.09M | $11.79M |
| Purchases of Securities | - | - | $122.12M | $631.13M | $640.29M | - | - | - | - | - | - | - | - | - |
| Sales of Securities | - | $14.75M | - | $500.69M | $188.32M | - | - | - | - | - | - | - | - | - |
| Maturities of Securities | $19.43M | $11.33M | $39.40M | $150.88M | $237.71M | $59.19M | $40.96M | $42.39M | $130.18M | $41.49M | $12.94M | $81.92M | $256.83M | $192.94M |
| Net Change in Loans | $27.38M | $56.74M | $13.17M | $-75.53M | $77.24M | $44.68M | $24.11M | $11.79M | $-30.84M | $40.12M | $4.11M | $25.81M | $-17.40M | $-27.17M |
| Capital Expenditures | $1.23M | $718.00K | $2.64M | $2.60M | $2.02M | $1.04M | $346.39K | $2.91M | $988.91K | $455.67K | $1.81M | $338.62K | $295.88K | $708.22K |
| Investing Cash Flow | $42.65M | $-9.79M | $-88.35M | $98.62M | $-254.92M | $-73.66M | $17.63M | $26.01M | $-51.39M | - | - | $-26.28M | $-44.22M | $-15.41M |
| Net Change in Deposits | $9.77M | $43.67M | $14.51M | $16.70M | $196.19M | $16.46M | $35.54M | $-39.47M | $6.75M | $57.31M | $41.46M | $12.08M | $70.21M | $34.91M |
| Common Stock Repurchased | - | - | - | - | - | - | - | - | - | $390.20K | - | - | - | - |
| Dividends Paid | $7.63M | $4.04M | $5.38M | $5.37M | $5.36M | $4.87M | $4.71M | $4.70M | $4.69M | $4.54M | $4.34M | $4.29M | $4.28M | $4.26M |
| Financing Cash Flow | $-8.72M | $70.14M | $23.95M | $-79.18M | $241.78M | $65.06M | $-35.18M | $-40.36M | $48.05M | - | - | $9.55M | $19.29M | $22.06M |
| Net Change in Cash | $42.85M | $65.88M | $-50.64M | $36.93M | $-32.19M | - | - | - | - | - | - | - | - | - |
SEC Filing Format - Data shown as it appears in the Q3 2023 (10-Q) filing
Period ended: Sep 30, 2023
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Interest Expense | $5.39M | - | $12.49M | - |
| Income Before Tax | $1.46M | - | $2.97M | - |
| Income Tax Expense | $248.00K | - | $323.00K | - |
| Net Income | $1.21M | $2.54M | $2.65M | - |
| Basic EPS | 0.22 | - | 0.47 | - |
| Diluted EPS | 0.22 | - | 0.47 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
| Cash & Cash Equivalents | $144.38M | $28.59M |
| Property Plant & Equipment | $27.35M | $27.70M |
| Total Assets | $1.41B | $1.32B |
| Total Liabilities | $1.38B | $1.28B |
| Common Stock | $1.12M | $1.12M |
| Retained Earnings | $101.05M | $102.53M |
| Total Stockholders Equity | $34.34M | $39.02M |
| Total Liabilities & Equity | $1.41B | $1.32B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $1.21M | $2.54M | $2.65M | - |
| Operating Cash Flow | - | - | $4.39M | - |
| Capital Expenditure | - | - | $633.00K | - |
| Sales of Investments | - | - | $8.65M | - |
| Investing Cash Flow | - | - | $22.73M | - |
| Dividends Paid | - | - | $3.14M | - |
| Financing Cash Flow | - | - | $88.67M | - |
| Net Change in Cash | - | - | $115.79M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.