$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) |
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 | $116.85M | $113.30M | $84.65M | $71.69M | $75.71M | $85.32M | $80.32M | $70.42M | $62.23M | $56.00M | $50.40M | $46.97M | $46.51M | $45.41M |
| Interest Expense | $40.77M | $34.31M | $9.40M | $9.59M | $15.25M | $21.38M | $16.40M | $10.87M | $8.65M | $8.17M | $8.04M | $8.62M | $10.53M | $12.36M |
| Net Interest Income | $76.08M | $78.99M | $75.25M | $62.10M | $60.46M | $63.94M | $63.92M | $59.55M | $53.58M | $47.83M | $42.36M | $38.35M | $35.98M | $33.05M |
| 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 | $61.22M | $55.37M | $50.58M | $44.33M | $40.76M | $36.88M | $34.23M | $28.12M |
| Non-Interest Income | $16.66M | $16.46M | $14.85M | $16.36M | $15.89M | $13.91M | $13.31M | $11.52M | $10.03M | $9.05M | $8.15M | $7.75M | $8.19M | $7.36M |
| Investment Banking Revenue | $5.25M | $5.03M | $4.55M | $4.50M | $3.93M | $3.60M | $3.22M | $2.89M | $2.54M | - | - | - | - | - |
| Asset Management Fees | - | - | - | - | - | - | - | - | - | - | - | - | $1.70M | $1.51M |
| Service Charges & Fees | $6.12M | $6.15M | $5.50M | $5.18M | $4.49M | $4.84M | $4.73M | $4.16M | $3.70M | - | - | - | - | - |
| Non-Interest Expense | $64.92M | $63.47M | $61.57M | $56.22M | $51.20M | $51.73M | $49.81M | $44.99M | $41.62M | $37.43M | $32.48M | $30.15M | $29.93M | $27.08M |
| Compensation & Benefits | $38.81M | $37.97M | $35.06M | $33.43M | $30.05M | $30.22M | $29.41M | $26.05M | $24.19M | $21.32M | $18.02M | $16.83M | $15.31M | $13.75M |
| Occupancy Expense | $3.55M | $3.64M | $3.85M | $3.54M | $3.46M | $3.64M | $3.46M | $3.31M | $3.26M | $3.19M | $2.09M | $2.05M | $1.98M | $2.00M |
| Technology & Equipment | $4.14M | $4.04M | $3.88M | $3.38M | $2.81M | $2.47M | $2.14M | $1.69M | $1.46M | $1.15M | $878.00K | $693.00K | $560.00K | $462.00K |
| Marketing Expense | - | - | - | - | - | - | - | - | - | - | $1.29M | $1.07M | $907.00K | $840.00K |
| Professional Fees | $1.66M | $1.84M | $2.63M | $1.70M | $1.13M | $946.00K | $922.00K | $823.00K | $732.00K | $896.00K | $758.00K | $667.00K | $534.00K | $586.00K |
| Other Non-Interest Expense | $5.84M | $6.02M | $5.21M | $4.70M | $4.10M | $4.11M | $3.68M | $3.98M | $3.28M | $2.88M | $2.86M | $3.08M | $2.49M | $2.77M |
| 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 | $5.18M | $9.90M | $5.89M | $4.81M | $4.67M | $3.92M | $3.10M | $1.62M |
| Net Income | $22.24M | $24.97M | $20.09M | $14.66M | $8.44M | $18.65M | $19.54M | $12.00M | $13.10M | $11.13M | $11.77M | $10.57M | $9.39M | $6.78M |
| Basic EPS | 2.32 | 2.60 | 2.11 | 1.51 | 0.86 | 1.89 | 2.08 | 1.35 | 1.56 | 1.76 | 2.07 | 2.17 | 2.03 | 1.28 |
| Diluted EPS | 2.30 | 2.59 | 2.10 | 1.50 | 0.86 | 1.88 | 2.06 | 1.34 | 1.55 | 1.75 | 2.03 | 2.13 | 2.00 | 1.27 |
| 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 | $22.81M | $20.66M | $19.85M | $22.32M | $20.85M | $27.68M | $23.96M | $19.07M | $12.99M | $13.67M | $13.12M | $14.89M | $12.55M |
| Interest-Bearing Deposits | $10.88M | $99.78M | $525.64M | $313.47M | $110.74M | $69.10M | $55.57M | $54.97M | $44.50M | $17.42M | $1.95M | $34.87M | $19.64M |
| Investment Securities - AFS | $349.77M | $345.46M | $254.28M | $185.00M | $159.68M | $149.59M | $158.59M | $194.74M | $213.47M | - | - | - | - |
| Allowance for Loan Losses | $20.51M | $20.74M | - | - | - | - | - | - | - | - | - | - | - |
| Loans & Leases (Net) | - | $1.61B | $1.51B | $1.52B | $1.48B | $1.47B | $1.38B | $1.26B | $1.11B | $908.93M | $849.41M | $727.83M | $684.81M |
| Goodwill & Intangibles | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | $2.30M | - | - | - | - |
| Premises & Equipment | $19.56M | $21.14M | $21.95M | $25.21M | $25.97M | $24.72M | $24.38M | $24.57M | $24.61M | $18.47M | $14.60M | $11.49M | $10.86M |
| Other Assets | $97.66M | $89.42M | $76.68M | $69.61M | $63.57M | $57.49M | $53.31M | $51.69M | $42.37M | $37.92M | $37.57M | $30.64M | $43.90M |
| Total Assets | $2.19B | $2.20B | $2.42B | $2.16B | $1.89B | $1.81B | $1.71B | $1.61B | $1.46B | $1.21B | $1.15B | $1.06B | $1.01B |
| Total Deposits | $1.87B | $1.94B | $2.14B | $1.86B | $1.59B | $1.50B | $1.38B | $1.26B | $1.09B | $954.97M | $925.30M | $901.31M | $854.40M |
| Short-term Borrowings | $56.54M | $11.61M | $10.76M | $8.54M | $7.92M | $7.02M | $20.50M | $56.64M | $74.51M | $42.18M | $40.36M | $19.36M | $10.26M |
| Long-term Debt | - | - | - | - | $81.63M | $115.31M | $130.31M | $125.31M | $120.31M | $90.41M | $70.49M | $30.82M | $46.63M |
| Other Liabilities | $17.82M | $17.41M | $14.48M | $12.44M | $12.07M | $11.12M | $9.67M | $10.51M | $8.22M | $7.84M | $6.83M | $6.93M | $7.61M |
| Total Liabilities | $2.00B | $2.02B | $2.22B | $1.96B | $1.70B | $1.63B | $1.54B | $1.46B | $1.30B | $1.10B | $1.04B | $958.41M | $918.89M |
| Common Stock | $24.71M | $24.71M | $24.71M | $24.55M | $24.39M | $23.63M | $22.27M | $21.07M | $19.89M | $14.58M | $12.00M | $11.21M | $10.51M |
| Retained Earnings | $68.63M | $52.15M | $37.77M | $28.38M | $25.02M | $22.84M | $22.86M | $28.91M | $28.54M | $26.48M | $23.08M | $18.87M | $14.56M |
| Treasury Stock | $5.29M | $6.69M | $8.88M | - | - | - | - | - | - | - | - | - | - |
| AOCI | $-31.08M | $-34.76M | $-164.00K | $3.57M | $1.31M | $-2.23M | $-958.00K | $-1.12M | $1.37M | $2.67M | $2.17M | $5.73M | $5.92M |
| Total Stockholders Equity | $199.60M | $177.30M | $195.50M | $197.96M | $191.17M | $178.75M | $164.22M | $154.96M | $159.14M | $118.44M | $107.65M | $101.33M | $93.24M |
| Total Liabilities & Equity | $2.19B | $2.20B | $2.42B | $2.16B | $1.89B | $1.81B | $1.71B | $1.61B | $1.46B | $1.21B | $1.15B | $1.06B | $1.01B |
| 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) |
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 | $29.23M | $24.97M | $20.09M | $14.66M | $8.44M | $18.65M | $19.54M | $12.00M | $13.10M | $11.13M | $11.77M | $10.57M | $9.39M | $6.78M |
| Deferred Taxes | $-1.30M | $-637.00K | $662.00K | $-23.00K | $-1.26M | $-595.00K | $-34.00K | $3.29M | $-1.02M | $32.00K | $77.00K | $-437.00K | $385.00K | $-1.06M |
| Stock-based Compensation | $2.65M | $1.26M | $979.00K | $785.00K | $515.00K | $666.00K | $697.00K | $752.00K | $525.00K | $358.00K | $288.00K | $318.00K | $295.00K | $229.00K |
| Net Change in Loans HFS | - | - | $16.13M | $85.61M | $81.93M | $43.28M | $35.54M | $39.69M | $43.66M | $31.82M | $21.89M | $52.88M | $72.30M | $47.11M |
| Operating Cash Flow | $39.07M | $22.07M | $33.96M | $27.84M | $11.91M | $16.64M | $20.95M | $16.69M | $18.48M | $14.00M | $15.35M | $17.65M | $16.48M | $17.81M |
| Purchases of Securities | $56.21M | $36.26M | $182.87M | $278.13M | $197.06M | $124.46M | $22.66M | $13.55M | $47.66M | $57.14M | $37.74M | - | - | - |
| Sales of Securities | $8.51M | $4.25M | $4.80M | $3.80M | $21.68M | $19.75M | - | $5.69M | $12.90M | $9.61M | $12.91M | - | - | - |
| Maturities of Securities | $56.31M | $31.75M | $40.85M | $199.31M | $151.95M | $98.73M | $29.64M | $43.90M | $49.00M | $46.11M | $40.68M | $41.85M | $44.18M | $37.94M |
| Net Change in Loans | $156.80M | $72.35M | $116.19M | $-19.93M | $49.83M | $18.50M | $86.32M | $127.51M | $147.54M | $127.06M | $61.94M | $123.17M | $44.69M | $59.27M |
| Capital Expenditures | $3.24M | $2.10M | $1.84M | $2.03M | $2.26M | $3.10M | $2.75M | $2.16M | $2.31M | $5.96M | $5.65M | $4.65M | $2.02M | $1.40M |
| Investing Cash Flow | $-155.44M | $-78.36M | $-244.61M | $-61.39M | $-72.45M | $-32.75M | $-81.55M | $-96.56M | $-143.74M | $-98.98M | $-48.92M | $-136.02M | $-37.46M | $-71.17M |
| Net Change in Short-term Borrowings | $90.42M | $44.94M | $844.00K | $2.22M | $615.00K | $903.00K | $-13.47M | $-36.14M | $-17.87M | $32.33M | $1.82M | $21.01M | $9.10M | $3.49M |
| Long-term Debt Issued | - | - | - | - | - | - | $30.00M | $20.00M | $40.00M | $35.00M | $20.00M | $40.00M | - | $15.00M |
| Long-term Debt Repaid | - | - | $10.00M | $25.00M | $35.00M | $35.00M | $45.00M | $15.00M | $35.00M | $5.10M | $87.00K | $322.00K | $15.81M | $30.41M |
| Preferred Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | $25.00M |
| 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 | $5.54M | $4.56M | $4.14M | $2.99M | $2.61M | $2.07M | $1.69M | $1.45M |
| Financing Cash Flow | $-8.24M | $-30.46M | $-214.41M | $243.25M | $264.74M | $50.92M | $77.86M | $85.36M | $141.81M | $111.36M | $49.61M | $83.68M | $38.53M | $42.28M |
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.