PEOPLES-SIDNEY FINANCIAL CORPORTATION

CONSOLIDATED STATEMENTS OF INCOME

YTD Ended March 31, 2022

(Unaudited)

3/31/2022

Interest income

Loans, including fees

$

3,204,171

Securities

109,229

Demand, time, and overnight deposits

38,035

Dividends on Federal Home Loan Bank stock

28,547

Total interest income

3,379,982

Interest expense

Deposits

100,025

Borrowed funds

30,416

Total interest expense

130,441

Net interest income

3,249,542

Provision for loan losses

(87,694)

Net interest income after provision for loan losses

3,337,236

Noninterest income

Service fees and other charges

116,213

Gain/(loss) on sale of REO and repossessions

-

Mortgage banking income

50,092

Gain (loss) on disposal of fixed assets

-

Earnings on company owned life insurance

106,642

Other noninterest income

8,849

Total noninterest income

281,795

Noninterest expense

Compensation, benefits and director fees

1,503,921

Occupancy and equipment

193,741

Computer processing

490,556

Professional services

119,820

State taxes

103,178

Federal deposit insurance

25,466

REO and repossessions expense

-

Other noninterest expense

264,453

Total noninterest expense

2,701,134

Income before income taxes

917,896

Income tax expense

166,900

Net income

$

750,996

Earnings per common share - basic and diluted

$

0.65

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Peoples-Sidney Financial Corporation published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 18:42:01 UTC.