$14.45M
Net Interest Income
$-6.79M
Net Income
100.6%
Efficiency Ratio
2.59%
Net Int. Margin
-7.5%
ROE
| Breakdown | TTM (Sep 30, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Interest Income | $24.01M | $20.86M | $16.44M | $14.24M |
| Interest Expense | $11.72M | $8.54M | $1.99M | $1.54M |
| Net Interest Income | $12.29M | $12.31M | $14.45M | $12.70M |
| Net Interest Income After Provision | $11.98M | $12.01M | $14.22M | $12.67M |
| Non-Interest Income | $943.00K | $-1.37M | $1.74M | $4.27M |
| Non-Interest Expense | $17.36M | $17.04M | $16.28M | $16.92M |
| Compensation & Benefits | $9.81M | $10.14M | $9.78M | $10.43M |
| Technology & Equipment | $1.08M | $1.16M | $1.32M | $1.41M |
| Marketing Expense | $63.00K | $163.00K | $184.00K | $111.00K |
| Other Non-Interest Expense | $4.16M | $3.79M | $4.01M | $4.01M |
| Income Before Tax | $-4.43M | $-6.40M | $-319.00K | $21.00K |
| Income Tax Expense | $-1.17M | $388.00K | $-171.00K | $-64.00K |
| Net Income | $-3.26M | $-6.79M | $-148.00K | $85.00K |
| Basic EPS | -0.60 | -1.23 | -0.03 | 0.01 |
| Diluted EPS | -0.60 | -1.23 | -0.03 | 0.01 |
| Breakdown | FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|
| Cash & Due from Banks | $11.22M | $26.03M | $65.30M |
| Investment Securities - AFS | $109.56M | $114.49M | $112.44M |
| Loans & Leases (Net) | $394.83M | $359.57M | $323.79M |
| Premises & Equipment | $5.18M | $5.45M | $5.86M |
| Other Assets | $8.99M | $11.24M | $6.11M |
| Total Assets | $557.61M | $543.02M | $539.64M |
| Total Deposits | $403.68M | $387.72M | $384.50M |
| Other Liabilities | $7.82M | $7.15M | $6.83M |
| Total Liabilities | $484.85M | $467.65M | $448.75M |
| Common Stock | $61.00K | $62.00K | $64.00K |
| Retained Earnings | $33.89M | $41.47M | $41.62M |
| Treasury Stock | $295.00K | $301.00K | $301.00K |
| AOCI | $-6.55M | $-11.49M | $142.00K |
| Total Stockholders Equity | $72.76M | $75.36M | $90.89M |
| Total Liabilities & Equity | $557.61M | $543.02M | $539.64M |
| Breakdown | TTM (Sep 30, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Net Income | $-4.08M | $-6.79M | $-148.00K | $85.00K |
| Deferred Taxes | $-1.53M | $388.00K | $-171.00K | $-64.00K |
| Stock-based Compensation | $246.00K | $129.00K | $200.00K | $246.00K |
| Net Change in Loans HFS | $32.22M | $12.45M | $21.94M | $121.56M |
| Operating Cash Flow | $-1.64M | $-709.00K | $2.58M | $2.78M |
| Purchases of Securities | $32.96M | $50.35M | $37.14M | $68.77M |
| Sales of Securities | - | $44.44M | - | $1.02M |
| Maturities of Securities | $26.30M | $12.48M | $19.01M | $12.44M |
| Net Change in Loans | $17.70M | $35.73M | $36.33M | $-5.25M |
| Investing Cash Flow | $-293.00K | $-29.32M | $-55.14M | $-50.53M |
| Net Change in Deposits | $-893.00K | $15.96M | $3.22M | $4.65M |
| Financing Cash Flow | $14.33M | $14.94M | $14.10M | $22.03M |
| Net Change in Cash | $12.40M | $-15.09M | $-38.46M | $-25.72M |
SEC Filing Format - Data shown as it appears in the Q3 2024 (10-Q) filing
Period ended: Sep 30, 2024
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Interest Expense | $3.01M | $2.42M | $8.91M | $5.04M |
| Income Before Tax | $-457.00K | $-2.22M | $-1.54M | $-3.51M |
| Income Tax Expense | $-298.00K | $1.43M | $-557.00K | $1.00M |
| Net Income | $-159.00K | $-3.64M | $-981.00K | $-4.51M |
| Basic EPS | -0.03 | -0.66 | -0.18 | -0.81 |
| Diluted EPS | -0.03 | -0.66 | -0.18 | -0.81 |
| Basic Shares Outstanding | $5.43M | $5.53M | $5.45M | $5.54M |
| Diluted Shares Outstanding | $5.43M | $5.53M | $5.45M | $5.54M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
| Property Plant & Equipment | $4.98M | $5.18M |
| Total Assets | $564.54M | $557.61M |
| Total Liabilities | $491.37M | $484.85M |
| Common Stock | $60.00K | $61.00K |
| Retained Earnings | $32.91M | $33.89M |
| Treasury Stock | $295.00K | $295.00K |
| Total Stockholders Equity | $73.17M | $72.76M |
| Total Liabilities & Equity | $564.54M | $557.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2024 | Sep 30, 2024 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-159.00K | $-3.64M | $-981.00K | $-4.51M |
| Stock-based Compensation | - | - | $116.00K | $109.00K |
| Deferred Income Tax | - | - | $-557.00K | $1.00M |
| Operating Cash Flow | - | - | $342.00K | $-324.00K |
| Sales of Investments | - | - | $13.56M | $9.75M |
| Investing Cash Flow | - | - | $8.10M | $-16.43M |
| Financing Cash Flow | - | - | $4.00M | $15.01M |
| Net Change in Cash | - | - | $12.44M | $-1.74M |
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.