$78.99M
Net Interest Income
$24.97M
Net Income
65.6%
Efficiency Ratio
3.60%
Net Int. Margin
12.8%
ROE
| Breakdown | Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Income | $29.84M | $29.94M | $29.07M | $27.99M | $26.29M | $25.40M | $22.67M | $19.28M | $17.30M | $17.52M | $18.30M | $17.50M | $18.38M |
| Interest Expense | $12.20M | $10.78M | $9.70M | $8.09M | $5.74M | $3.94M | $2.32M | $1.54M | $1.60M | $1.86M | $2.25M | $2.58M | $2.90M |
| Net Interest Income | $17.64M | $19.17M | $19.37M | $19.90M | $20.55M | $21.46M | $20.35M | $17.74M | $15.70M | $15.66M | $16.05M | $14.91M | $15.48M |
| Provision for Credit Losses | $891.00K | $-833.00K | $128.00K | $-31.00K | $492.00K | $-544.00K | - | - | - | - | - | - | - |
| Net Interest Income After Provision | $17.53M | $19.93M | $19.12M | $19.98M | $19.82M | $22.00M | $20.92M | $14.77M | $14.67M | $13.93M | $15.70M | $14.56M | $14.25M |
| Non-Interest Income | $4.18M | $4.24M | $4.19M | $4.05M | $3.98M | $3.47M | $3.61M | $3.91M | $3.86M | $4.47M | $4.11M | $3.35M | $4.43M |
| Investment Banking Revenue | $1.42M | $1.26M | $1.29M | $1.27M | $1.20M | $1.11M | $1.14M | $1.14M | $1.16M | $1.16M | $1.15M | $1.14M | $1.05M |
| Service Charges & Fees | $1.46M | $1.53M | $1.60M | $1.54M | $1.49M | $1.46M | $1.40M | $1.37M | $1.28M | $1.34M | $1.30M | $1.32M | $1.22M |
| Non-Interest Expense | $16.26M | $17.29M | $15.90M | $15.48M | $14.81M | $15.35M | $15.32M | $16.22M | $14.68M | $15.07M | $13.66M | $13.78M | $13.71M |
| Compensation & Benefits | $9.88M | $10.03M | $9.41M | $9.49M | $9.04M | $8.94M | $9.24M | $8.49M | $8.39M | $8.69M | $8.05M | $8.27M | $8.43M |
| Occupancy Expense | $894.00K | $926.00K | $853.00K | $880.00K | $978.00K | $1.00M | $943.00K | $922.00K | $979.00K | $842.00K | $869.00K | $856.00K | $973.00K |
| Technology & Equipment | $1.11M | $1.01M | $974.00K | $1.04M | $1.01M | $1.06M | $981.00K | $1.02M | $821.00K | $898.00K | $809.00K | $858.00K | $820.00K |
| Professional Fees | $283.00K | $444.00K | $549.00K | $379.00K | $467.00K | $345.00K | $367.00K | $1.05M | $859.00K | $645.00K | $449.00K | $253.00K | $351.00K |
| Other Non-Interest Expense | $1.36M | $1.40M | $2.00M | $1.08M | $771.00K | $266.00K | $1.51M | $1.88M | $1.20M | $1.25M | $1.33M | $888.00K | $1.24M |
| Income Before Tax | $5.44M | $6.89M | $7.42M | $8.55M | $8.99M | $10.13M | $9.21M | $2.45M | $3.86M | $3.33M | $6.15M | - | - |
| Income Tax Expense | $1.19M | $1.44M | $1.50M | $1.94M | $1.99M | $2.20M | $2.05M | $500.00K | $807.00K | $639.00K | $1.36M | $851.00K | $1.07M |
| Net Income | $4.25M | $5.45M | $5.92M | $6.61M | $6.99M | $7.93M | $7.15M | $1.95M | $3.05M | $2.69M | $4.78M | $3.28M | $3.90M |
| Basic EPS | 0.44 | 0.57 | 0.62 | 0.69 | 0.73 | 0.83 | 0.75 | 0.20 | 0.32 | 0.29 | 0.49 | 0.33 | 0.40 |
| Diluted EPS | 0.44 | 0.56 | 0.61 | 0.69 | 0.73 | 0.83 | 0.75 | 0.20 | 0.32 | 0.28 | 0.49 | 0.33 | 0.40 |
| Breakdown | Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Due from Banks | $15.53M | $22.81M | $22.45M | $20.67M | $20.00M | $20.66M | $21.77M | $21.85M | $21.47M | $19.85M | $20.03M | $19.44M | $18.02M |
| Interest-Bearing Deposits | $11.13M | $10.88M | $28.86M | $68.95M | $83.27M | $99.78M | $201.02M | $262.12M | $417.74M | $525.64M | $471.38M | $377.59M | $408.88M |
| Investment Securities - AFS | $339.50M | $349.77M | $335.66M | $342.69M | $349.85M | $345.46M | $343.25M | $329.03M | $302.38M | $254.28M | $224.58M | $208.61M | $179.55M |
| Allowance for Loan Losses | $21.64M | $20.51M | $21.45M | $20.68M | $21.54M | $20.74M | - | - | - | - | - | - | - |
| Loans & Leases (Net) | - | - | - | - | - | $1.61B | $1.58B | $1.56B | $1.51B | $1.51B | $1.50B | $1.52B | $1.56B |
| Goodwill & Intangibles | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M |
| Premises & Equipment | $19.09M | $19.56M | $19.56M | $19.67M | $21.30M | $21.14M | $21.09M | $21.53M | $21.78M | $21.95M | $21.99M | $22.32M | $24.82M |
| Other Assets | $96.69M | $97.66M | $92.96M | $93.31M | $89.79M | $89.42M | $87.10M | $84.70M | $80.62M | $76.68M | $75.22M | $75.92M | $70.39M |
| Total Assets | $2.21B | $2.19B | $2.19B | $2.22B | $2.20B | $2.20B | $2.26B | $2.29B | $2.36B | $2.42B | $2.33B | $2.24B | $2.28B |
| Total Deposits | $1.92B | $1.87B | $1.91B | $1.88B | $1.89B | $1.94B | $2.01B | $2.04B | $2.10B | $2.14B | $2.05B | $1.96B | $1.96B |
| Short-term Borrowings | $30.31M | $56.54M | $39.10M | $83.32M | $61.37M | $11.61M | $13.25M | $14.25M | $10.78M | $10.76M | $12.30M | $13.39M | $7.74M |
| Other Liabilities | $15.65M | $17.82M | $14.46M | $16.54M | $15.50M | $17.41M | $17.13M | $13.77M | $13.30M | $14.48M | $15.50M | $13.74M | $28.40M |
| Total Liabilities | $2.01B | $2.00B | $2.01B | $2.03B | $2.01B | $2.02B | $2.09B | $2.11B | $2.18B | $2.22B | $2.13B | $2.04B | $2.08B |
| Common Stock | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.69M |
| Retained Earnings | $71.25M | $68.63M | $64.82M | $60.53M | $55.46M | $52.15M | $45.65M | $39.93M | $39.40M | $37.77M | $36.52M | $33.00M | $31.00M |
| Treasury Stock | $4.87M | $5.29M | $5.82M | $5.99M | $6.38M | $6.69M | $7.45M | $7.57M | $7.84M | $8.88M | $6.05M | $2.49M | - |
| AOCI | $-32.91M | $-31.08M | $-42.87M | $-35.65M | $-30.94M | $-34.76M | $-36.50M | $-23.46M | $-13.96M | $-164.00K | $1.43M | $2.11M | $1.47M |
| Total Stockholders Equity | $200.99M | $199.60M | $183.36M | $185.87M | $184.95M | $177.30M | $168.34M | $175.28M | $183.72M | $195.50M | $198.71M | $199.27M | $198.75M |
| Total Liabilities & Equity | $2.21B | $2.19B | $2.19B | $2.22B | $2.20B | $2.20B | $2.26B | $2.29B | $2.36B | $2.42B | $2.33B | $2.24B | $2.28B |
| Breakdown | Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.25M | $5.45M | $5.92M | $13.60M | $6.99M | $7.93M | $12.16M | $5.01M | $3.05M | $2.69M | $4.78M | $3.28M | $3.90M |
| Deferred Taxes | - | $30.00K | $-667.00K | $-667.00K | $-667.00K | $662.00K | - | - | - | - | - | - | - |
| Stock-based Compensation | $655.00K | $265.00K | $995.00K | $730.00K | $454.00K | $242.00K | $737.00K | $497.00K | $289.00K | $217.00K | $568.00K | $395.00K | $101.00K |
| Net Change in Loans HFS | - | - | - | - | - | $218.00K | $15.91M | $13.89M | $7.92M | $17.98M | $67.63M | $54.12M | $27.18M |
| Operating Cash Flow | $5.50M | $4.35M | $17.72M | $11.50M | $4.70M | $6.10M | $27.86M | $15.35M | $8.98M | $2.82M | $25.02M | $22.56M | $14.77M |
| Purchases of Securities | $744.00K | $5.78M | $30.47M | $19.21M | $12.25M | $12.16M | $170.72M | $126.72M | $77.95M | $42.56M | $235.56M | $207.32M | $123.92M |
| Sales of Securities | - | - | $4.25M | $4.25M | $4.25M | $4.80M | - | - | - | - | - | $3.80M | $3.80M |
| Maturities of Securities | $8.58M | $7.01M | $24.75M | $15.97M | $8.11M | $7.19M | $33.65M | $21.07M | $12.16M | $10.60M | $188.71M | $177.52M | $130.26M |
| Net Change in Loans | $34.64M | $944.00K | $71.41M | $49.81M | $15.71M | $44.53M | $71.66M | $67.87M | $-215.00K | $5.39M | $-25.32M | $-3.67M | $32.45M |
| Capital Expenditures | $127.00K | $598.00K | $1.50M | $1.01M | $757.00K | $671.00K | $1.17M | $867.00K | $466.00K | $565.00K | $1.47M | $543.00K | $276.00K |
| Investing Cash Flow | $-26.33M | $-5.07M | $-73.29M | $-50.75M | $-16.33M | $-35.07M | $-209.54M | $-163.73M | $-66.04M | $-36.92M | $-24.47M | $-28.14M | $-22.26M |
| Net Change in Short-term Borrowings | $-26.23M | $17.44M | $27.49M | $71.72M | $49.77M | $-1.65M | $2.49M | $3.49M | $17.00K | $-1.54M | $3.76M | $4.85M | $-797.00K |
| Long-term Debt Repaid | - | - | - | - | - | - | $10.00M | $10.00M | - | - | $25.00M | $25.00M | - |
| Common Stock Repurchased | - | - | - | - | - | - | $34.00K | $34.00K | $34.00K | $3.69M | $6.19M | $2.67M | - |
| Dividends Paid | $1.64M | $1.64M | $4.70M | $3.07M | $1.53M | $1.43M | $4.28M | $2.85M | $1.42M | $1.44M | $3.83M | $2.56M | $1.28M |
| Financing Cash Flow | $13.79M | $-16.89M | $-13.57M | $8.43M | $-5.55M | $-73.39M | $-141.02M | $-113.14M | $-49.22M | $88.17M | $155.08M | $66.82M | $98.60M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.