$78.99M
Net Interest Income
$24.97M
Net Income
65.6%
Efficiency Ratio
3.60%
Net Int. Margin
12.8%
ROE
| Breakdown | TTM (Mar 31, 2024) |
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) |
|---|---|---|---|---|---|---|
| Interest Income | $116.85M | $113.30M | $84.65M | $71.69M | $75.71M | $85.32M |
| Interest Expense | $40.77M | $34.31M | $9.40M | $9.59M | $15.25M | $21.38M |
| Net Interest Income | $76.08M | $78.99M | $75.25M | $62.10M | $60.46M | $63.94M |
| Provision for Credit Losses | $155.00K | $-244.00K | $2.89M | - | - | - |
| Net Interest Income After Provision | $76.56M | $78.85M | $72.36M | $58.44M | $45.78M | $61.49M |
| Non-Interest Income | $16.66M | $16.46M | $14.85M | $16.36M | $15.89M | $13.91M |
| Investment Banking Revenue | $5.25M | $5.03M | $4.55M | $4.50M | $3.93M | $3.60M |
| Service Charges & Fees | $6.12M | $6.15M | $5.50M | $5.18M | $4.49M | $4.84M |
| Non-Interest Expense | $64.92M | $63.47M | $61.57M | $56.22M | $51.20M | $51.73M |
| Compensation & Benefits | $38.81M | $37.97M | $35.06M | $33.43M | $30.05M | $30.22M |
| Occupancy Expense | $3.55M | $3.64M | $3.85M | $3.54M | $3.46M | $3.64M |
| Technology & Equipment | $4.14M | $4.04M | $3.88M | $3.38M | $2.81M | $2.47M |
| Professional Fees | $1.66M | $1.84M | $2.63M | $1.70M | $1.13M | $946.00K |
| Other Non-Interest Expense | $5.84M | $6.02M | $5.21M | $4.70M | $4.10M | $4.11M |
| Income Before Tax | $28.30M | $31.84M | $25.65M | $18.59M | $10.47M | - |
| Income Tax Expense | $6.06M | $6.87M | $5.56M | $3.93M | $2.03M | $5.03M |
| Net Income | $22.24M | $24.97M | $20.09M | $14.66M | $8.44M | $18.65M |
| Basic EPS | 2.32 | 2.60 | 2.11 | 1.51 | 0.86 | 1.89 |
| Diluted EPS | 2.30 | 2.59 | 2.10 | 1.50 | 0.86 | 1.88 |
| 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) |
|---|---|---|---|---|---|
| Cash & Due from Banks | $22.81M | $20.66M | $19.85M | $22.32M | $20.85M |
| Interest-Bearing Deposits | $10.88M | $99.78M | $525.64M | $313.47M | $110.74M |
| Investment Securities - AFS | $349.77M | $345.46M | $254.28M | $185.00M | $159.68M |
| Allowance for Loan Losses | $20.51M | $20.74M | - | - | - |
| Loans & Leases (Net) | - | $1.61B | $1.51B | $1.52B | $1.48B |
| Goodwill & Intangibles | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M |
| Premises & Equipment | $19.56M | $21.14M | $21.95M | $25.21M | $25.97M |
| Other Assets | $97.66M | $89.42M | $76.68M | $69.61M | $63.57M |
| Total Assets | $2.19B | $2.20B | $2.42B | $2.16B | $1.89B |
| Total Deposits | $1.87B | $1.94B | $2.14B | $1.86B | $1.59B |
| Short-term Borrowings | $56.54M | $11.61M | $10.76M | $8.54M | $7.92M |
| Long-term Debt | - | - | - | - | $81.63M |
| Other Liabilities | $17.82M | $17.41M | $14.48M | $12.44M | $12.07M |
| Total Liabilities | $2.00B | $2.02B | $2.22B | $1.96B | $1.70B |
| Common Stock | $24.71M | $24.71M | $24.71M | $24.55M | $24.39M |
| Retained Earnings | $68.63M | $52.15M | $37.77M | $28.38M | $25.02M |
| Treasury Stock | $5.29M | $6.69M | $8.88M | - | - |
| AOCI | $-31.08M | $-34.76M | $-164.00K | $3.57M | $1.31M |
| Total Stockholders Equity | $199.60M | $177.30M | $195.50M | $197.96M | $191.17M |
| Total Liabilities & Equity | $2.19B | $2.20B | $2.42B | $2.16B | $1.89B |
| Breakdown | TTM (Mar 31, 2024) |
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) |
|---|---|---|---|---|---|---|
| Net Income | $29.23M | $24.97M | $20.09M | $14.66M | $8.44M | $18.65M |
| Deferred Taxes | $-1.30M | $-637.00K | $662.00K | $-23.00K | $-1.26M | $-595.00K |
| Stock-based Compensation | $2.65M | $1.26M | $979.00K | $785.00K | $515.00K | $666.00K |
| Net Change in Loans HFS | - | - | $16.13M | $85.61M | $81.93M | $43.28M |
| Operating Cash Flow | $39.07M | $22.07M | $33.96M | $27.84M | $11.91M | $16.64M |
| Purchases of Securities | $56.21M | $36.26M | $182.87M | $278.13M | $197.06M | $124.46M |
| Sales of Securities | $8.51M | $4.25M | $4.80M | $3.80M | $21.68M | $19.75M |
| Maturities of Securities | $56.31M | $31.75M | $40.85M | $199.31M | $151.95M | $98.73M |
| Net Change in Loans | $156.80M | $72.35M | $116.19M | $-19.93M | $49.83M | $18.50M |
| Capital Expenditures | $3.24M | $2.10M | $1.84M | $2.03M | $2.26M | $3.10M |
| Investing Cash Flow | $-155.44M | $-78.36M | $-244.61M | $-61.39M | $-72.45M | $-32.75M |
| Net Change in Short-term Borrowings | $90.42M | $44.94M | $844.00K | $2.22M | $615.00K | $903.00K |
| Long-term Debt Issued | - | - | - | - | - | - |
| Long-term Debt Repaid | - | - | $10.00M | $25.00M | $35.00M | $35.00M |
| Common Stock Repurchased | - | - | $34.00K | $9.88M | $87.00K | $4.99M |
| Dividends Paid | $11.04M | $6.34M | $5.71M | $5.27M | $5.08M | $6.02M |
| Financing Cash Flow | $-8.24M | $-30.46M | $-214.41M | $243.25M | $264.74M | $50.92M |
SEC Filing Format - Data shown as it appears in the Q1 2024 (10-Q) filing
Period ended: Mar 31, 2024
Condensed Consolidated Statements of Operations
| Description | Mar 31, 2024 | |
|---|---|---|
| Current | Prior Year | |
| Interest Expense | $12.20M | $5.74M |
| Income Before Tax | $5.44M | $8.99M |
| Income Tax Expense | $1.19M | $1.99M |
| Net Income | $4.25M | $6.99M |
| Basic EPS | 0.44 | 0.73 |
| Diluted EPS | 0.44 | 0.73 |
Condensed Consolidated Balance Sheets
| Description | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
| Cash & Cash Equivalents | $26.66M | $33.69M |
| Property Plant & Equipment | $19.09M | $19.56M |
| Goodwill | $2.30M | $2.30M |
| Total Assets | $2.21B | $2.19B |
| Short-term Debt | $30.31M | $56.54M |
| Total Liabilities | $2.01B | $2.00B |
| Common Stock | $24.71M | $24.71M |
| Retained Earnings | $71.25M | $68.63M |
| Treasury Stock | $4.87M | $5.29M |
| Total Stockholders Equity | $200.99M | $199.60M |
| Total Liabilities & Equity | $2.21B | $2.19B |
Condensed Consolidated Statements of Cash Flows
| Description | Mar 31, 2024 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $4.25M | $6.99M |
| Stock-based Compensation | $655.00K | $454.00K |
| Deferred Income Tax | - | $-667.00K |
| Operating Cash Flow | $5.50M | $4.70M |
| Capital Expenditure | $127.00K | $757.00K |
| Sales of Investments | $8.58M | $8.11M |
| Investing Cash Flow | $-26.33M | $-16.33M |
| Stock Issued | $-476.00K | $-277.00K |
| Dividends Paid | $1.64M | $1.53M |
| Financing Cash Flow | $13.79M | $-5.55M |
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.