Dogwood State Bank (DSBX)

Dogwood State Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2020	FY 2019	FY 2016
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2020	Dec 31, 2019	Dec 31, 2016
Interest Income on Loans	-	-	-	18.83	11.83	6.81
Interest Income on Investments	-	-	-	1.13	1.6	0.52
Total Interest Income	-	-	-	19.96	13.43	7.33
Interest Paid on Deposits	-	-	-	2.33	2.81	0.54
Interest Paid on Borrowings	-	-	-	0.59	0.17	0
Total Interest Expense	-	-	-	2.92	2.98	0.55
Net Interest Income	83.61	63.12	42.78	17.04	10.45	6.78
Net Interest Income Growth (YoY)	78.88%	47.53%	151.05%	63.05%	54.14%	8.51%
Mortgage Banking Activities	-	-	-	-	-	0.07
Gain (Loss) on Sale of Investments	0.16	0.05	0.08	0.72	0.05	0.03
Other Non-Interest Income	13.2	11.71	9.42	3.67	0.41	0.34
Total Non-Interest Income	17.09	14.22	10.9	5.04	1.32	1.37
Non-Interest Income Growth (YoY)	44.90%	30.45%	116.29%	282.61%	-3.87%	-2.97%
Revenues Before Loan Losses	100.7	77.34	53.68	22.08	11.77	8.15
Provision for Loan Losses	9.57	9.91	5.16	2.45	0.55	0.24
Revenue	91.13	67.43	48.52	19.63	11.22	7.91
Revenue Growth (YoY)	72.27%	38.97%	147.13%	75.05%	41.74%	10.22%
Salaries and Employee Benefits	36.44	31.18	24.14	11.07	7.38	3.03
Occupancy Expenses	4.8	3.62	2.4	1.66	1.18	0.57
Federal Deposit Insurance	1.53	1.12	0.73	-	-	-
Amortization of Goodwill & Intangibles	2.16	1.02	0.11	0.43	0.54	-
Selling, General & Administrative	5.8	4.58	3.26	2.13	1.33	1.28
Other Non-Interest Expense	9.11	7.02	5.42	4.3	2.99	1.53
Total Non-Interest Expense	59.84	48.53	36.06	19.58	13.41	6.41
EBT Excluding Unusual Items	31.29	18.89	12.46	0.05	-2.19	1.5
Other Unusual Items	-	-	1.23	-	-	-
Pretax Income	21.14	7.64	13.67	0.01	-3.63	1.5
Income Tax Expense	4.79	1.77	3.02	-0.17	-0.88	0.48
Net Income	16.36	5.87	10.65	0.18	-2.76	1.02
Net Income to Common	16.36	5.87	10.65	0.18	-2.76	1.02
Net Income Growth	57.83%	-44.84%	5882.02%	-	-	-11.81%
Basic Shares Outstanding	18	16	14	11	-	2
Diluted Shares Outstanding	19	17	15	11	-	2
Shares Change (YoY)	23.14%	12.72%	34.39%	-	-	15.79%
EPS (Basic)	0.90	0.36	0.75	0.02	-	0.60
EPS (Diluted)	0.88	0.35	0.72	0.02	-	0.57
EPS Growth	27.13%	-51.39%	4366.50%	-	-	-24.00%
Effective Tax Rate	22.64%	23.12%	22.12%	-	-	31.94%

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