Ballston Spa Bancorp, Inc. (BSPA)

Ballston Spa Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	36.34	35.48	29.65	22.48	21.18	21.26
Interest Income on Investments	4.55	4.51	4.6	3.13	1.73	1.83
Total Interest Income	40.89	39.99	34.25	25.61	22.91	23.09
Interest Paid on Deposits	12.7	12.59	8.19	1.69	0.86	1.82
Interest Paid on Borrowings	3.81	3.57	2.66	1.02	1.06	1.15
Total Interest Expense	16.51	16.16	10.85	2.71	1.92	2.97
Net Interest Income	24.38	23.83	23.4	22.9	20.99	20.12
Net Interest Income Growth (YoY)	4.21%	1.84%	2.15%	9.11%	4.32%	9.56%
Trust Income	1.46	1.48	1.24	1.1	1.19	0.94
Gain (Loss) on Sale of Assets	0.01	0.01	0.02	-	0.49	-
Gain (Loss) on Sale of Investments	-	-	-1.36	-1.13	-	-
Other Non-Interest Income	1.66	1.81	1.4	2.03	1.81	1.23
Total Non-Interest Income	3.82	4	1.91	2.67	4.47	4.28
Non-Interest Income Growth (YoY)	100.21%	109.63%	-28.52%	-40.24%	4.41%	33.19%
Revenues Before Loan Losses	28.2	27.83	25.31	25.58	25.46	24.4
Provision for Loan Losses	0.57	0.6	0.48	0.36	0.76	1.17
Revenue	27.63	27.23	24.83	25.22	24.71	23.24
Revenue Growth (YoY)	11.31%	9.68%	-1.55%	2.06%	6.32%	11.41%
Salaries and Employee Benefits	12.77	12.59	11.64	10.71	11.36	10.99
Occupancy Expenses	2.09	2.01	1.9	1.8	1.71	1.77
Federal Deposit Insurance	0.87	0.87	0.68	0.52	0.52	0.41
Selling, General & Administrative	2.69	2.62	2.32	2.34	1.92	1.88
Other Non-Interest Expense	2.66	2.69	2.67	2.65	2.53	2.19
Total Non-Interest Expense	21.08	20.77	19.21	18.01	18.04	17.25
EBT Excluding Unusual Items	6.55	6.46	5.62	7.2	6.67	5.98
Pretax Income	6.55	6.46	5.62	7.2	6.67	5.98
Income Tax Expense	1.25	1.23	0.83	1.11	1.51	1
Net Income	5.31	5.23	4.78	6.09	5.15	4.99
Net Income to Common	5.31	5.23	4.78	6.09	5.15	4.99
Net Income Growth	10.96%	9.43%	-21.50%	18.22%	3.31%	27.76%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
EPS (Basic)	7.15	7.05	6.44	8.20	6.94	6.72
EPS (Diluted)	7.15	7.05	6.44	8.20	6.94	6.72
EPS Growth	10.99%	9.43%	-21.50%	18.22%	3.31%	27.76%
Dividend Per Share	0.990	1.320	1.320	1.320	1.320	1.320
Dividend Growth	-25.00%	-	-	-	-	-
Effective Tax Rate	19.00%	19.00%	14.85%	15.39%	22.71%	16.63%

Updated Apr 30, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.