FFMH Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	56	56.42	49.18	38.96	38.49
Interest Income on Investments	11.81	11.71	11.57	12.26	9.05
Total Interest Income	67.81	68.13	60.75	51.22	47.54
Interest Paid on Deposits	14.1	17.04	14.36	2.83	2.38
Interest Paid on Borrowings	0.11	6.03	2.04	0.41	0
Total Interest Expense	14.21	23.07	16.4	3.24	2.38
Net Interest Income	53.6	45.06	44.36	47.98	45.16
Net Interest Income Growth (YoY)	18.95%	1.59%	-7.56%	6.26%	3.74%
Trust Income	4.79	4.71	4.33	4.16	4.05
Mortgage Banking Activities	0.19	0.17	0.13	0.61	1.44
Gain (Loss) on Sale of Assets	0.23	0.15	0.01	-	-
Gain (Loss) on Sale of Investments	0.14	0.03	-0.7	0.02	2.67
Other Non-Interest Income	1.95	1.89	1.93	1.7	1.53
Total Non-Interest Income	13.67	13.83	12.87	14.15	16.78
Non-Interest Income Growth (YoY)	-1.11%	7.44%	-9.03%	-15.71%	23.16%
Revenues Before Loan Losses	67.28	58.89	57.22	62.13	61.94
Provision for Loan Losses	0.33	-0.16	-0.49	-0.32	-0.15
Revenue	66.95	59.05	57.71	62.45	62.09
Revenue Growth (YoY)	13.38%	2.31%	-7.58%	0.58%	9.98%
Salaries and Employee Benefits	26.19	22.22	21.58	23.12	28
Occupancy Expenses	4.35	3.9	4.19	4.45	4.69
Federal Deposit Insurance	0.8	0.9	0.92	0.68	0.64
Selling, General & Administrative	10.03	9.56	8.97	9.16	8.39
Other Non-Interest Expense	3.08	3	2.91	2.77	2.76
Total Non-Interest Expense	44.47	39.6	38.59	40.18	44.48
EBT Excluding Unusual Items	22.48	19.45	19.12	22.27	17.61
Other Unusual Items	0.29	0	0.33	-	1.5
Pretax Income	22.77	19.45	19.45	22.27	19.11
Income Tax Expense	4.15	3.42	3.4	4.22	3.49
Net Income	18.62	16.04	16.05	18.05	15.62
Net Income to Common	18.62	16.04	16.05	18.05	15.62
Net Income Growth	16.13%	-0.09%	-11.09%	15.56%	10.04%
Basic Shares Outstanding	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4
Shares Change (YoY)	-2.57%	-2.52%	-1.80%	-0.92%	-0.41%
EPS (Basic)	4.65	3.90	3.80	4.19	3.59
EPS (Diluted)	4.64	3.89	3.80	4.19	3.59
EPS Growth	19.28%	2.48%	-9.41%	16.58%	10.49%
Dividend Per Share	1.120	1.020	0.950	0.880	0.840
Dividend Growth	9.80%	7.37%	7.95%	4.76%	-
Effective Tax Rate	18.23%	17.57%	17.49%	18.94%	18.25%

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