Andover Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	12.22	11.28	10.02	10.19	9.9
Interest Income on Investments	8.16	6.79	6.27	5.22	4.26
Total Interest Income	20.38	18.07	16.29	15.41	14.16
Interest Paid on Deposits	5.52	3.04	0.55	0.57	1.15
Interest Paid on Borrowings	0.46	0.6	0.74	0.33	0.42
Total Interest Expense	5.99	3.64	1.29	0.9	1.57
Net Interest Income	14.4	14.43	15	14.51	12.6
Net Interest Income Growth (YoY)	-0.24%	-3.76%	3.36%	15.20%	8.03%
Gain (Loss) on Sale of Investments	-	0.07	-0.09	-	0.18
Other Non-Interest Income	3.7	3.6	3.48	3.26	2.85
Total Non-Interest Income	3.78	3.78	3.44	3.4	3.42
Non-Interest Income Growth (YoY)	0.15%	9.74%	1.23%	-0.49%	-4.87%
Revenues Before Loan Losses	18.18	18.21	18.44	17.91	16.01
Provision for Loan Losses	-0.04	-0.05	-0.1	-	0.15
Revenue	18.22	18.26	18.54	17.91	15.86
Revenue Growth (YoY)	-0.22%	-1.52%	3.51%	12.91%	4.01%
Salaries and Employee Benefits	6.38	6	5.63	4.74	3.91
Federal Deposit Insurance	0.25	0.26	0.16	0.16	0.08
Selling, General & Administrative	5.89	5.84	5.41	4.81	4.81
Other Non-Interest Expense	2.43	2.24	2.27	2.38	2.47
Total Non-Interest Expense	14.94	14.34	13.46	12.09	11.27
EBT Excluding Unusual Items	3.28	3.92	5.08	5.82	4.6
Pretax Income	3.28	3.92	5.08	5.82	4.6
Income Tax Expense	0.12	0.14	0.2	0.43	0.34
Net Income	3.16	3.78	4.87	5.39	4.26
Net Income to Common	3.16	3.78	4.87	5.39	4.26
Net Income Growth	-16.43%	-22.46%	-9.64%	26.64%	14.37%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-1.88%	-1.47%	-4.33%	-3.54%	-3.64%
EPS (Basic)	1.53	1.80	2.29	2.42	1.85
EPS (Diluted)	1.53	1.80	2.29	2.42	1.85
EPS Growth	-14.83%	-21.30%	-5.55%	31.28%	18.69%
Dividend Per Share	0.755	0.750	0.745	0.740	0.735
Dividend Growth	0.67%	0.67%	0.68%	0.68%	0.69%
Effective Tax Rate	3.61%	3.60%	4.01%	7.40%	7.38%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.