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Financial Highlights

Balance Sheet ($000) September 30,
2018
(unaudited)
December 31,
2017
December 31,
2016
Total Assets 306,596 294,578 288,032
Total Net Loans 195,529 173,681 154,225
Total Securities 90,006 99,652 112,092
Total Deposits 267,076 267,760 255,514
Shareholders' Equity 22,541 22,821 21,550
Performance Ratios (%) September 30,
2018
(unaudited)
December 31,
2017
December 31,
2016
Return on Average Assets 0.77% 0.50% 0.47%
Return on Average
Shareholders' Equity
10.25% 6.31% 6.10%
Net Interest Margin 3.32% 3.17% 3.01%
Loans/Deposits 73.21% 64.86% 60.36%
Securities/Assets 29.36% 33.83% 38.92%
Shareholders' Equity/Assets 7.35% 7.75% 7.48%
Efficiency Ratio 72.28% 74.44% 80.54%
Summary of Operations
($000)
Nine Months
Ended
September 30, 2018
(unaudited)
Three Months
Ended
September 30, 2018
(unaudited)
Year Ended
December 31,
2017
Year Ended
December 31,
2016
Interest Income 8,159 7,105 9,637 8,997
Interest Expense 1,120 779 1,070 975
Net Interest Income 7,039 6,326 8,567 8,022
Provision for Loan Losses 128 (7) 133 40
Net Interest Income After
Provision for Loan Losses
6,911 6,333 8,434 7,982
Noninterest Income 1,397 1,409 2,024 1,823
Noninterest Expense 6,195 6,068 8,167 8,231
Income Before Income
Taxes (Benefit)
2,113 1,674 2,291 1,574
Income Tax Expense
(Benefit)
378 346 861 229
Net Income 1,735 1,328 1,430 1,345
Shareholder
Information
Nine Months
Ended
September 30,
2018
(unaudited)
Three Months
Ended
September 30,
2018
(unaudited)
Year Ended
December 31,
2017
Year Ended
December 31,
2016
Common shares
outstanding
282,246 282,246 282,246 284,246
Basic and Diluted
Earnings Per Share ($)
6.15 4.71 5.07 4.75
Book Value Per Share ($) 79.86 81.55 80.85 76.35
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