1ST SUMMIT BANCORP of Johnstown, Inc. (FSMK)

FSMK 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	39.98	36.16	31.81	30	29.72
Interest Income on Investments	14.67	14.38	13.23	10.64	12.2
Total Interest Income	54.65	50.54	45.04	40.64	41.92
Interest Paid on Deposits	28.73	20.07	6.15	5.83	9.84
Interest Paid on Borrowings	3.61	5.08	2.01	1.03	1.23
Total Interest Expense	32.35	25.16	8.16	6.86	11.07
Net Interest Income	22.31	25.38	36.88	33.78	30.85
Net Interest Income Growth (YoY)	-12.10%	-31.18%	9.17%	9.50%	4.83%
Trust Income	2.3	2.07	2.02	1.77	1.44
Gain (Loss) on Sale of Assets	3.27	-	-	-	-
Gain (Loss) on Sale of Investments	-0.34	-0.57	-0.89	1.54	-0.63
Other Non-Interest Income	3.79	3.59	2.86	2.69	2.19
Total Non-Interest Income	12.01	7.67	5.89	7.57	4.5
Non-Interest Income Growth (YoY)	56.56%	30.20%	-22.18%	68.20%	-31.91%
Revenues Before Loan Losses	34.32	33.05	42.77	41.35	35.35
Provision for Loan Losses	0.09	0.7	0.37	1.76	1.81
Revenue	34.23	32.35	42.4	39.6	33.54
Revenue Growth (YoY)	5.81%	-23.71%	7.09%	18.05%	-5.31%
Salaries and Employee Benefits	17.35	17.02	17.21	15.1	14.04
Occupancy Expenses	3.82	4.27	-	-	-
Federal Deposit Insurance	0.67	0.63	0.36	0.33	0.19
Selling, General & Administrative	5.55	4.19	5.99	5.56	5.1
Other Non-Interest Expense	4.2	4.46	5.45	5.41	4.98
Total Non-Interest Expense	31.59	30.57	29.32	26.72	24.56
EBT Excluding Unusual Items	2.64	1.78	13.09	12.88	8.98
Pretax Income	2.64	1.78	13.09	12.88	8.98
Income Tax Expense	-0.55	-0.87	1.58	1.57	0.75
Net Income	3.19	2.65	11.51	11.31	8.23
Net Income to Common	3.19	2.65	11.51	11.31	8.23
Net Income Growth	20.67%	-77.02%	1.84%	37.36%	-26.60%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-0.45%	0.05%	-0.01%	-0.27%	0.01%
EPS (Basic)	1.46	1.21	5.26	5.16	3.75
EPS (Diluted)	1.46	1.21	5.26	5.16	3.75
EPS Growth	21.22%	-77.03%	1.85%	37.73%	-26.61%
Dividend Per Share	1.720	1.720	1.710	1.670	1.610
Dividend Growth	-	0.58%	2.40%	3.73%	5.23%
Effective Tax Rate	-	-	12.03%	12.20%	8.37%

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