$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) |
|---|---|---|---|---|---|---|---|
| Interest Income | $29.84M | $29.94M | $29.07M | $27.99M | $26.29M | $25.40M | $22.67M |
| Interest Expense | $12.20M | $10.78M | $9.70M | $8.09M | $5.74M | $3.94M | $2.32M |
| Net Interest Income | $17.64M | $19.17M | $19.37M | $19.90M | $20.55M | $21.46M | $20.35M |
| 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 |
| Non-Interest Income | $4.18M | $4.24M | $4.19M | $4.05M | $3.98M | $3.47M | $3.61M |
| Investment Banking Revenue | $1.42M | $1.26M | $1.29M | $1.27M | $1.20M | $1.11M | $1.14M |
| Service Charges & Fees | $1.46M | $1.53M | $1.60M | $1.54M | $1.49M | $1.46M | $1.40M |
| Non-Interest Expense | $16.26M | $17.29M | $15.90M | $15.48M | $14.81M | $15.35M | $15.32M |
| Compensation & Benefits | $9.88M | $10.03M | $9.41M | $9.49M | $9.04M | $8.94M | $9.24M |
| Occupancy Expense | $894.00K | $926.00K | $853.00K | $880.00K | $978.00K | $1.00M | $943.00K |
| Technology & Equipment | $1.11M | $1.01M | $974.00K | $1.04M | $1.01M | $1.06M | $981.00K |
| Professional Fees | $283.00K | $444.00K | $549.00K | $379.00K | $467.00K | $345.00K | $367.00K |
| Other Non-Interest Expense | $1.36M | $1.40M | $2.00M | $1.08M | $771.00K | $266.00K | $1.51M |
| Income Before Tax | $5.44M | $6.89M | $7.42M | $8.55M | $8.99M | $10.13M | $9.21M |
| Income Tax Expense | $1.19M | $1.44M | $1.50M | $1.94M | $1.99M | $2.20M | $2.05M |
| Net Income | $4.25M | $5.45M | $5.92M | $6.61M | $6.99M | $7.93M | $7.15M |
| Basic EPS | 0.44 | 0.57 | 0.62 | 0.69 | 0.73 | 0.83 | 0.75 |
| Diluted EPS | 0.44 | 0.56 | 0.61 | 0.69 | 0.73 | 0.83 | 0.75 |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Due from Banks | $15.53M | $22.81M | $22.45M | $20.67M | $20.00M | $20.66M | $21.77M |
| Interest-Bearing Deposits | $11.13M | $10.88M | $28.86M | $68.95M | $83.27M | $99.78M | $201.02M |
| Investment Securities - AFS | $339.50M | $349.77M | $335.66M | $342.69M | $349.85M | $345.46M | $343.25M |
| Allowance for Loan Losses | $21.64M | $20.51M | $21.45M | $20.68M | $21.54M | $20.74M | - |
| Loans & Leases (Net) | - | - | - | - | - | $1.61B | $1.58B |
| Goodwill & Intangibles | $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 |
| Other Assets | $96.69M | $97.66M | $92.96M | $93.31M | $89.79M | $89.42M | $87.10M |
| Total Assets | $2.21B | $2.19B | $2.19B | $2.22B | $2.20B | $2.20B | $2.26B |
| Total Deposits | $1.92B | $1.87B | $1.91B | $1.88B | $1.89B | $1.94B | $2.01B |
| Short-term Borrowings | $30.31M | $56.54M | $39.10M | $83.32M | $61.37M | $11.61M | $13.25M |
| Other Liabilities | $15.65M | $17.82M | $14.46M | $16.54M | $15.50M | $17.41M | $17.13M |
| Total Liabilities | $2.01B | $2.00B | $2.01B | $2.03B | $2.01B | $2.02B | $2.09B |
| Common Stock | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M | $24.71M |
| Retained Earnings | $71.25M | $68.63M | $64.82M | $60.53M | $55.46M | $52.15M | $45.65M |
| Treasury Stock | $4.87M | $5.29M | $5.82M | $5.99M | $6.38M | $6.69M | $7.45M |
| AOCI | $-32.91M | $-31.08M | $-42.87M | $-35.65M | $-30.94M | $-34.76M | $-36.50M |
| Total Stockholders Equity | $200.99M | $199.60M | $183.36M | $185.87M | $184.95M | $177.30M | $168.34M |
| Total Liabilities & Equity | $2.21B | $2.19B | $2.19B | $2.22B | $2.20B | $2.20B | $2.26B |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $4.25M | $5.45M | $5.92M | $13.60M | $6.99M | $7.93M | $12.16M |
| 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 |
| Net Change in Loans HFS | - | - | - | - | - | $218.00K | $15.91M |
| Operating Cash Flow | $5.50M | $4.35M | $17.72M | $11.50M | $4.70M | $6.10M | $27.86M |
| Purchases of Securities | $744.00K | $5.78M | $30.47M | $19.21M | $12.25M | $12.16M | $170.72M |
| Sales of Securities | - | - | $4.25M | $4.25M | $4.25M | $4.80M | - |
| Maturities of Securities | $8.58M | $7.01M | $24.75M | $15.97M | $8.11M | $7.19M | $33.65M |
| Net Change in Loans | $34.64M | $944.00K | $71.41M | $49.81M | $15.71M | $44.53M | $71.66M |
| Capital Expenditures | $127.00K | $598.00K | $1.50M | $1.01M | $757.00K | $671.00K | $1.17M |
| Investing Cash Flow | $-26.33M | $-5.07M | $-73.29M | $-50.75M | $-16.33M | $-35.07M | $-209.54M |
| Net Change in Short-term Borrowings | $-26.23M | $17.44M | $27.49M | $71.72M | $49.77M | $-1.65M | $2.49M |
| Long-term Debt Repaid | - | - | - | - | - | - | $10.00M |
| Common Stock Repurchased | - | - | - | - | - | - | $34.00K |
| Dividends Paid | $1.64M | $1.64M | $4.70M | $3.07M | $1.53M | $1.43M | $4.28M |
| Financing Cash Flow | $13.79M | $-16.89M | $-13.57M | $8.43M | $-5.55M | $-73.39M | $-141.02M |
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.