6 unchanged sentences
Other trades in our common stock occur in privately negotiated transactions from time to time of which we may have little or no information.
−Removed: We have reviewed the information available as to the range of reported high and low bid quotations, including high and low bid information as reported by OTC Markets .
+Added: We have reviewed the information available as to the range of reported high and low transactions as reported by OTC Markets.
The following table sets forth our compilation of that information for the periods indicated.
1 unchanged sentence
The following compiled data is provided for information purposes only and should not be viewed as indicative of the actual or market value of our common stock.
−Removed: Common Shares
+Added: Common Shares Sale Price
First Quarter 225,103 $ 16.00 $ 24.50
11 unchanged sentences
Fourth Quarter 0.27 0.27
+Added: Total $ 1.08 $ 1.05
We have adopted and publicly announced a common stock repurchase plan.
3 unchanged sentences
The following table provides information for the unaudited three-month period ended December 31, 2020, with respect to our common stock repurchase plan:
−Removed: Common Shares Repurchased
−Removed: Total Number of Common Shares Purchased as Part of Publicly Announced Plan or Program
−Removed: Maximum Number of Common Shares That May Yet Be Purchased Under the Plans or Programs
−Removed: Average Price
+Added: Common Shares Repurchased Total Number of Common Shares Purchased as Part of Publicly Announced Plan or Program Maximum Number of Common Shares That May Yet Be Purchased Under the Plans or Programs
+Added: Number Average Price
Per Common Share
3 unchanged sentences
December 1 - 31 35,776 19.45 35,776 102,956
−Removed: Additional Authorization (250,000 shares)
−Removed: December 24 - 31
Balance, December 31 57,903 $ 18.69 57,903 102,956
4 unchanged sentences
The following table outlines the results of operations and provides certain key performance measures as of, and for the years ended, December 31:
+Added: 2020 2019 2018
INCOME STATEMENT DATA
6 unchanged sentences
Federal income tax expense 987 1,380 1,363
+Added: Net income $ 10,885 $ 13,024 $ 14,021
Basic earnings $ 1.37 $ 1.65 $ 1.78
Diluted earnings $ 1.34 $ 1.61 $ 1.74
+Added: Dividends $ 1.08 $ 1.05 $ 1.04
Tangible book value $ 21.29 $ 20.45 $ 18.68
Quoted market value
+Added: High $ 24.50 $ 24.80 $ 28.25
+Added: Low $ 15.60 $ 22.01 $ 22.50
+Added: $ 19.57 $ 24.31 $ 22.56
Common shares outstanding (1)
+Added: 7,997,247 7,910,804 7,870,969
PERFORMANCE RATIOS
4 unchanged sentences
BALANCE SHEET DATA (1)
+Added: Gross loans $ 1,238,311 $ 1,186,570 $ 1,128,707
AFS securities $ 339,228 $ 429,839 $ 494,834
+Added: Total assets $ 1,957,378 $ 1,814,198 $ 1,842,502
+Added: Deposits $ 1,566,317 $ 1,313,851 $ 1,292,693
Borrowed funds $ 158,747 $ 275,999 $ 340,299
3 unchanged sentences
Loans sold with servicing retained $ 301,377 $ 259,375 $ 259,481
−Removed: Assets managed by our Investment and Trust Services Department
+Added: Assets managed by Isabella Wealth $ 443,967 $ 436,181 $ 447,487
Total assets under management $ 2,702,722 $ 2,509,754 $ 2,549,470
9 unchanged sentences
Total risk-based capital 13.75 % 13.18 % 13.26 %
−Removed: (1) Calculations are based on a federal income tax rate of 21% in 2019 and 2018 and 34% for 2017.
(1) At end of year
1 unchanged sentence
Quarter to Date
+Added: 2020 September 30
+Added: 2020 March 31
Total interest income $ 16,402 $ 15,700 $ 15,869 $ 16,201
5 unchanged sentences
Federal income tax expense (benefit) (508) 734 558 203
+Added: Net income (loss) $ (723) $ 4,357 $ 4,187 $ 3,064
+Added: Basic earnings (loss) $ (0.10) $ 0.55 $ 0.53 $ 0.39
+Added: Diluted earnings (loss) (0.10) 0.54 0.52 0.38
+Added: Dividends 0.27 0.27 0.27 0.27
+Added: Quoted market value (1)
+Added: 19.57 16.74 18.25 18.00
+Added: Tangible book value 21.29 21.75 21.52 21.10
+Added: Quarter to Date
+Added: 2019 September 30
+Added: 2019 March 31
+Added: Total interest income $ 16,849 $ 17,161 $ 16,815 $ 16,481
+Added: Total interest expense 4,492 4,550 4,527 4,292
+Added: Net interest income 12,357 12,611 12,288 12,189
+Added: Provision for loan losses (18) 193 (179) 34
+Added: Noninterest income (725) 3,274 3,011 2,479
+Added: Noninterest expenses 10,892 10,620 10,749 10,789
+Added: Federal income tax expense (benefit) (140) 630 541 349
+Added: Net income $ 898 $ 4,442 $ 4,188 $ 3,496
Basic earnings $ 0.12 $ 0.56 $ 0.53 $ 0.44
Diluted earnings 0.11 0.55 0.52 0.43
+Added: Dividends 0.27 0.26 0.26 0.26
Quoted market value (1)
+Added: 24.31 22.30 23.25 23.75
Tangible book value 20.45 20.65 20.17 19.47
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.