Lyons Bancorp, Inc. and Subsidiaries
Consolidated Financial Information
Unaudited
Condensed Income Statement:
As of and for the three months ended
March 31,
(Dollars in thousands)
2015
2014
As of and for the three months ended
March 31,
Dec 31,
(Dollars in thousands)
2015
2014
Net interest income
Less: Provision for loan losses
Net interest income after
$
6,068
275
$
5,622
150
$
6,068
275
$
6,033
150
provision for loan losses
Gains on sales of securities
Gains on sales of loans
Noninterest income
Noninterest expense
Income before income taxes
Income taxes
Net income
$
5,793
40
298
1,576
5,314
2,393
699
1,694
$
5,472
50
182
1,483
4,876
2,311
614
1,697
$
5,793
40
298
1,576
5,314
2,393
699
1,694
$
5,883
50
277
1,741
5,283
2,668
802
1,866
$
$
$
$
$
$
$
$
Share and Per Share Data
Average common shares
outstanding (basic)
Average common shares
outstanding (dilutive)
Period-end common shares
outstanding (common)
Period-end common shares
outstanding (dilutive)
Net income per common
share (basic)
Net income per common
share (dilutive)
Cash dividend declared
Book value per common share
Last stock trade @ period end
1,489,458
1,491,173
1,489,458
1,489,325
1,595,010
1,596,725
1,595,010
1,594,877
1,489,526
1,491,405
1,489,526
1,488,506
1,595,078
1,596,957
1,595,078
1,594,058
$
1.14
$
1.14
$
1.14
$
1.25
$
1.08
$
1.08
$
1.08
$
1.18
$
$
$
0.38
36.53
47.00
$
$
$
0.33
32.89
38.26
$
$
$
0.38
36.53
47.00
$
$
$
0.38
35.27
45.46
Period-end balances
Assets
Earning assets
Loans
Allowance for loan losses
Deposits
Shareholders' equity
$
$
$
$
$
$
814,908
768,405
554,256
7,764
739,123
54,408
$
$
$
$
$
$
758,095
715,756
510,219
7,265
688,936
49,056
$
$
$
$
$
$
814,908
768,405
554,256
7,764
739,123
54,408
$
$
$
$
$
$
806,844
761,738
544,464
7,549
698,202
52,506
Average Balances
Assets
Earning assets
Loans
Allowance for loan losses
Deposits
Shareholders' equity
$
$
$
$
$
$
808,095
762,071
545,812
7,629
724,117
54,237
$
$
$
$
$
$
739,407
698,268
503,260
7,189
658,645
49,176
$
$
$
$
$
$
808,095
762,071
545,812
7,629
724,117
54,237
$
$
$
$
$
$
795,368
751,403
541,006
7,688
709,865
54,096
Key Ratios
Earnings:
Return on average assets
Return on average equity
Net interest margin
Net interest margin (T/E)
Efficiency ratio*
Asset quality
Net loan charge-offs to
average loans
Allowance for loan losses to
period-end loans
Non-performing loans to
period-end loans
0.85%
12.67%
3.23%
3.33%
69.52%
0.93%
14.00%
3.27%
3.37%
68.63%
0.85%
12.67%
3.23%
3.33%
69.52%
0.93%
13.69%
3.19%
3.28%
67.96%
0.01%
1.40%
0.00%
1.42%
0.01%
1.40%
0.04%
1.39%
0.68%
0.80%
0.68%
0.73%
* Calculated by dividing total noninterest expense by net interest income plus noninterest income (adjusted for certain items).