First Ottawa Bancshares, Inc. (FOTB)

First Ottawa Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	90.27	73.73	48.3	38.48	28.33
Interest Income on Investments	10.41	8.64	3.55	1.36	1.15
Total Interest Income	100.69	82.36	51.85	39.83	29.49
Interest Paid on Deposits	38.89	24.42	4.55	1.39	3.07
Interest Paid on Borrowings	5.83	6.27	3.18	1.9	0.93
Total Interest Expense	44.72	30.69	7.72	3.29	4
Net Interest Income	55.97	51.67	44.13	36.54	25.48
Net Interest Income Growth (YoY)	8.32%	17.09%	20.76%	43.40%	81.42%
Trust Income	1.1	0.96	1	0.98	0.9
Gain (Loss) on Sale of Investments	-	-0.14	-	-	-
Other Non-Interest Income	5.2	3.88	5.82	7.77	7.39
Total Non-Interest Income	6.3	4.7	6.82	8.75	8.29
Non-Interest Income Growth (YoY)	33.95%	-31.11%	-21.98%	5.49%	144.82%
Revenues Before Loan Losses	62.27	56.37	50.95	45.29	33.78
Provision for Loan Losses	3.7	7.08	3.98	3	5.35
Revenue	58.57	49.29	46.98	42.29	28.43
Revenue Growth (YoY)	18.81%	4.93%	11.09%	48.77%	74.24%
Salaries and Employee Benefits	20.06	19.23	21.17	18.78	17.55
Occupancy Expenses	2.64	2.5	2.18	1.89	1.91
Federal Deposit Insurance	2.05	1.65	1.15	0.82	0.7
Selling, General & Administrative	4.61	3.84	4.03	3.09	2.03
Other Non-Interest Expense	3.11	2.78	2.01	1.76	1.62
Total Non-Interest Expense	32.51	30.11	30.43	26.48	24.05
EBT Excluding Unusual Items	26.06	19.19	16.55	15.81	4.38
Pretax Income	26.06	19.19	16.55	15.81	4.38
Income Tax Expense	7.05	5.17	4.31	4.29	1.45
Net Income	19.01	14.01	12.24	11.52	2.92
Net Income to Common	19.01	14.01	12.24	11.52	2.92
Net Income Growth	35.62%	14.46%	6.31%	294.25%	22.99%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	1.49%	2.67%	3.70%	2.58%	7.48%
EPS (Basic)	20.79	15.56	13.96	13.61	3.54
EPS (Diluted)	20.79	15.56	13.96	13.61	3.54
EPS Growth	33.64%	11.48%	2.52%	284.32%	14.40%
Dividend Per Share	1.500	1.500	1.500	1.500	1.500
Effective Tax Rate	27.06%	26.95%	26.04%	27.15%	33.23%

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