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	Mar 31, 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	73.42	63.12	42.78	17.04	10.45	6.78
Net Interest Income Growth (YoY)	66.60%	47.53%	151.05%	63.05%	54.14%	8.51%
Mortgage Banking Activities	-	-	-	-	-	0.07
Gain (Loss) on Sale of Investments	0.08	0.05	0.08	0.72	0.05	0.03
Other Non-Interest Income	12.99	11.71	9.42	3.67	0.41	0.34
Total Non-Interest Income	16.15	14.22	10.9	5.04	1.32	1.37
Non-Interest Income Growth (YoY)	45.21%	30.45%	116.29%	282.61%	-3.87%	-2.97%
Revenues Before Loan Losses	89.57	77.34	53.68	22.08	11.77	8.15
Provision for Loan Losses	10.11	9.91	5.16	2.45	0.55	0.24
Revenue	79.46	67.43	48.52	19.63	11.22	7.91
Revenue Growth (YoY)	59.42%	38.97%	147.13%	75.05%	41.74%	10.22%
Salaries and Employee Benefits	34	31.18	24.14	11.07	7.38	3.03
Occupancy Expenses	4.24	3.62	2.4	1.66	1.18	0.57
Federal Deposit Insurance	1.3	1.12	0.73	-	-	-
Amortization of Goodwill & Intangibles	1.59	1.02	0.11	0.43	0.54	-
Selling, General & Administrative	5.27	4.58	3.26	2.13	1.33	1.28
Other Non-Interest Expense	7.9	7.02	5.42	4.3	2.99	1.53
Total Non-Interest Expense	54.3	48.53	36.06	19.58	13.41	6.41
EBT Excluding Unusual Items	25.16	18.89	12.46	0.05	-2.19	1.5
Other Unusual Items	-	-	1.23	-	-	-
Pretax Income	14.73	7.64	13.67	0.01	-3.63	1.5
Income Tax Expense	3.34	1.77	3.02	-0.17	-0.88	0.48
Net Income	11.39	5.87	10.65	0.18	-2.76	1.02
Net Income to Common	11.39	5.87	10.65	0.18	-2.76	1.02
Net Income Growth	17.60%	-44.84%	5882.02%	-	-	-11.81%
Basic Shares Outstanding	17	16	14	11	-	2
Diluted Shares Outstanding	18	17	15	11	-	2
Shares Change (YoY)	17.69%	12.72%	34.39%	-	-	15.79%
EPS (Basic)	0.66	0.36	0.75	0.02	-	0.60
EPS (Diluted)	0.65	0.35	0.72	0.02	-	0.57
EPS Growth	0.91%	-51.39%	4366.50%	-	-	-24.00%
Effective Tax Rate	22.66%	23.12%	22.12%	-	-	31.94%

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