Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest and dividend income | ||||||||||||
loans receivable, including fees | 36,112,000 | 36,125,000 | 21,461,000 | 13,068,000 | 12,499,000 | 11,109,000 | 9,410,000 | 8,114,000 | 7,763,000 | 7,286,000 | 3,267,000 | 4,367,000 |
investment securities and certificates of deposit: | ||||||||||||
taxable | 1,592,000 | 1,391,000 | 951,000 | 833,000 | 822,000 | 567,000 | 745,000 | 587,000 | 276,000 | |||
exempt from federal income tax | 350,000 | 361,000 | 286,000 | 300,000 | 297,000 | 303,000 | 268,000 | 298,000 | 290,000 | |||
other | 1,395,000 | 898,000 | 405,000 | 577,000 | 708,000 | 227,000 | 157,000 | 96,000 | 53,000 | -1,474,000 | 636,000 | 31,000 |
total interest and dividend income | 39,449,000 | 38,775,000 | 23,103,000 | 14,778,000 | 14,326,000 | 12,206,000 | 10,580,000 | 9,095,000 | 8,382,000 | 7,937,000 | 3,903,000 | 4,398,000 |
interest expense | ||||||||||||
deposits | 13,071,000 | 11,847,000 | 7,445,000 | 5,434,000 | 5,242,000 | 2,465,000 | 1,389,000 | 818,000 | 665,000 | 621,000 | 504,000 | 365,000 |
other borrowings | 932,000 | 1,152,000 | 727,000 | 550,000 | 558,000 | 335,000 | 82,000 | 2,000 | 33,000 | 25,000 | 14,000 | 61,000 |
subordinated debt | 962,000 | 892,000 | 615,000 | 442,000 | 437,000 | 421,000 | 439,000 | 422,000 | 207,000 | 212,000 | 37,000 | 254,000 |
total interest expense | 14,965,000 | 13,891,000 | 8,787,000 | 6,426,000 | 6,237,000 | 3,221,000 | 1,910,000 | 1,242,000 | 905,000 | 858,000 | 555,000 | 688,000 |
net interest income before benefit from (credit to) credit losses | 24,484,000 | |||||||||||
benefit from (credit to) credit losses | ||||||||||||
net interest income after benefit from (credit to) credit losses | 24,484,000 | |||||||||||
noninterest income | ||||||||||||
service charges on deposit accounts | 865,000 | 780,000 | 385,000 | 198,000 | 197,000 | 188,000 | 216,000 | 218,000 | 210,000 | 216,000 | 177,000 | 36,000 |
bank-owned life insurance | 386,000 | 383,000 | 250,000 | 177,000 | 170,000 | 116,000 | 156,000 | 114,000 | 110,000 | 77,000 | 54,000 | 34,000 |
net realized gains on the sales of debt securities | 4,000 | |||||||||||
gain on sale of loans | 12,000 | 50,000 | 169,000 | 296,000 | 420,000 | 153,000 | 180,000 | |||||
total noninterest income | 1,858,000 | 1,729,000 | 1,175,000 | 880,000 | 886,000 | 508,000 | 1,041,000 | 696,000 | 711,000 | 581,000 | 371,000 | 159,000 |
noninterest expense | ||||||||||||
salaries and employee benefits | 9,941,000 | 11,118,000 | 8,262,000 | 4,193,000 | 4,037,000 | 4,612,000 | 4,234,000 | 3,722,000 | 3,656,000 | 3,602,000 | 1,151,000 | 1,840,000 |
occupancy | 1,559,000 | 1,578,000 | 911,000 | 701,000 | 696,000 | 616,000 | 596,000 | 433,000 | 473,000 | 406,000 | 232,000 | 200,000 |
equipment and data processing | 1,824,000 | 1,826,000 | 1,201,000 | 934,000 | 893,000 | 1,189,000 | 666,000 | 595,000 | 597,000 | 537,000 | 335,000 | 277,000 |
professional fees | 788,000 | 748,000 | 536,000 | 363,000 | 418,000 | 371,000 | 330,000 | 307,000 | 228,000 | 421,000 | 75,000 | 98,000 |
fdic insurance | 545,000 | 352,000 | 198,000 | 276,000 | 184,000 | 157,000 | 141,000 | 138,000 | 204,000 | 81,000 | 90,000 | 41,000 |
bank shares tax | 760,000 | 591,000 | 324,000 | 278,000 | 278,000 | 201,000 | 201,000 | 201,000 | 183,000 | 174,000 | 87,000 | 88,000 |
intangible amortization | 1,204,000 | 1,207,000 | ||||||||||
merger & restructuring expenses | 631,000 | |||||||||||
advertising | 241,000 | 14,250 | 30,000 | 103,000 | ||||||||
total noninterest expense | 18,900,000 | 19,250,000 | 22,285,000 | 7,994,000 | 7,816,000 | 8,445,000 | 7,045,000 | 6,242,000 | 6,098,000 | 6,794,000 | 6,601,000 | 3,004,000 |
income before income tax benefit | 7,442,000 | 7,323,000 | 1,652,000 | 948,000 | 2,151,000 | |||||||
income tax benefit | 1,638,000 | 1,597,000 | 305,000 | 252,000 | 379,000 | |||||||
net income | 5,804,000 | 5,726,000 | -13,001,000 | 1,240,000 | 1,347,000 | 696,000 | 1,772,000 | 1,606,000 | 1,524,000 | 788,000 | -2,797,000 | 402,000 |
yoy | 330.88% | 722.70% | -833.69% | -22.79% | -11.61% | -11.68% | -163.35% | 299.50% | ||||
qoq | 1.36% | -144.04% | -1148.47% | -7.94% | 93.53% | -60.72% | 10.34% | 5.38% | 93.40% | -128.17% | -795.77% | |
net income margin % | ||||||||||||
earnings per share, basic | 0.16 | 0.15 | -0.73 | 0.08 | 0.08 | 0.17 | 0.16 | 0.16 | 0.12 | -0.45 | 0.08 | |
earnings per share, diluted | 0.16 | 0.15 | -0.73 | 0.08 | 0.08 | 0.01 | 0.17 | 0.16 | 0.15 | 0.12 | -0.45 | 0.08 |
weighted-average common shares outstanding, | ||||||||||||
basic | 36,970,768 | 36,962,005 | 17,753,914 | 16,235,144 | 16,228,069 | 11,310,386 | 10,590,079 | 9,836,984 | 9,826,435 | 6,879,658 | 6,274,250 | 4,968,089 |
diluted | 37,040,748 | 37,045,230 | 17,753,914 | 16,235,144 | 16,228,069 | 11,310,386 | 10,590,079 | 9,913,477 | 10,053,684 | 7,250,463 | 6,274,250 | 5,290,002 |
net interest income before benefit from credit losses | 24,884,000 | |||||||||||
benefit from credit losses | 40,000 | |||||||||||
net interest income after benefit from credit losses | 24,844,000 | |||||||||||
net realized losses on the sales of debt securities | ||||||||||||
merger & system conversion related expenses | 56,000 | 9,497,000 | 777,000 | 315,000 | ||||||||
net interest income before (credit to) benefit from credit losses | 6,098,750 | 8,352,000 | 8,089,000 | |||||||||
(credit to) benefit from credit losses | -137,250 | -349,000 | -493,000 | |||||||||
net interest income after (credit to) benefit from credit losses | 6,236,000 | 8,701,000 | 8,582,000 | |||||||||
income before income tax expense | 327,250 | 1,587,000 | 1,912,000 | 1,810,000 | ||||||||
income tax expense | 69,000 | 347,000 | 306,000 | 286,000 | ||||||||
net interest income before benefit from loan losses | 8,985,000 | 8,670,000 | 7,853,000 | 7,477,000 | 7,079,000 | 3,348,000 | 3,710,000 | |||||
benefit from loan losses | 100,000 | 515,000 | 395,000 | 280,000 | 100,000 | 457,000 | 410,000 | |||||
net interest income after benefit from loan losses | 8,885,000 | 8,155,000 | 7,458,000 | 7,197,000 | 6,979,000 | 2,891,000 | 3,300,000 | |||||
net realized gains on the sales of debt securities, available for sale | 13,000 | |||||||||||
merger related expenses | 616,000 | 3,864,000 | 129,000 | |||||||||
dividends paid per share | 0.075 | 0.075 | ||||||||||
gain on sale of secondary market mortgage loans | 53,000 | |||||||||||
income before income tax (benefit) expense | 766,000 | -3,339,000 | 455,000 | |||||||||
income tax (benefit) expense | -22,000 | -542,000 | 53,000 | |||||||||
short-term borrowings | 8,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.