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

FSMK Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	36.44	36.44	31.81	30	29.72	29.24
Interest Income on Investments	14.38	14.38	13.23	10.64	12.2	13.52
Total Interest Income	50.82	50.82	45.04	40.64	41.92	42.75
Interest Paid on Deposits	20.07	20.07	6.15	5.83	9.84	11.87
Interest Paid on Borrowings	5.08	5.08	2.01	1.03	1.23	1.46
Total Interest Expense	25.16	25.16	8.16	6.86	11.07	13.32
Net Interest Income	25.67	25.67	36.88	33.78	30.85	29.43
Net Interest Income Growth (YoY)	-16.82%	-30.41%	9.17%	9.50%	4.83%	0.72%
Trust Income	2.07	2.07	2.02	1.77	1.44	1.23
Gain (Loss) on Sale of Investments	-0.57	-0.57	-0.89	1.54	-0.63	1.31
Other Non-Interest Income	3.85	3.85	2.86	2.69	2.19	2.01
Total Non-Interest Income	7.38	7.38	5.89	7.57	4.5	6.61
Non-Interest Income Growth (YoY)	64.09%	25.37%	-22.18%	68.20%	-31.91%	41.10%
Revenues Before Loan Losses	33.05	33.05	42.77	41.35	35.35	36.04
Provision for Loan Losses	0.7	0.7	0.37	1.76	1.81	0.62
Revenue	32.35	32.35	42.4	39.6	33.54	35.42
Revenue Growth (YoY)	-3.56%	-23.71%	7.09%	18.05%	-5.31%	5.87%
Salaries and Employee Benefits	17.02	17.02	17.21	15.1	14.04	12.86
Federal Deposit Insurance	0.63	0.63	0.36	0.33	0.19	0.14
Selling, General & Administrative	6.87	6.87	5.99	5.56	5.1	4.62
Other Non-Interest Expense	5.73	5.73	5.45	5.41	4.98	4.82
Total Non-Interest Expense	30.57	30.57	29.32	26.72	24.56	22.67
EBT Excluding Unusual Items	1.78	1.78	13.09	12.88	8.98	12.75
Pretax Income	1.78	1.78	13.09	12.88	8.98	12.75
Income Tax Expense	-0.87	-0.87	1.58	1.57	0.75	1.54
Net Income	2.65	2.65	11.51	11.31	8.23	11.21
Net Income to Common	2.65	2.65	11.51	11.31	8.23	11.21
Net Income Growth	-67.85%	-77.02%	1.84%	37.36%	-26.60%	4.30%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	-0.22%	0.05%	-0.01%	-0.27%	0.02%	-0.02%
EPS (Basic)	1.21	1.21	5.26	5.16	3.75	5.11
EPS (Diluted)	1.21	1.21	5.26	5.16	3.75	5.11
EPS Growth	-67.78%	-77.03%	1.85%	37.74%	-26.61%	4.32%
Dividend Per Share	1.720	1.720	1.710	1.670	1.610	1.530
Dividend Growth	6.83%	0.58%	2.40%	3.73%	5.23%	6.25%
Effective Tax Rate	-	-	12.03%	12.20%	8.37%	12.07%

Source: S&P Capital IQ. Banks template. Financial Sources.