Huron Valley Bancorp, Inc. (HVLM)

Huron Valley Bancorp 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	11.66	9.18	6.76	7.19	7.09
Interest Income on Investments	2.03	3	1.67	0.17	0.09
Total Interest Income	13.69	12.18	8.43	7.36	7.18
Interest Paid on Deposits	3.89	2.97	0.61	0.4	0.89
Net Interest Income	9.8	9.21	7.82	6.96	6.29
Net Interest Income Growth (YoY)	6.39%	17.85%	12.33%	10.64%	2.48%
Other Non-Interest Income	0.31	0.03	0.04	0.03	0.01
Total Non-Interest Income	0.79	0.49	0.51	0.61	0.54
Non-Interest Income Growth (YoY)	60.04%	-3.33%	-16.53%	13.78%	-3.07%
Revenues Before Loan Losses	10.59	9.71	8.33	7.57	6.83
Provision for Loan Losses	0.31	0.23	0.12	0.24	0.51
Revenue	10.28	9.48	8.21	7.33	6.32
Revenue Growth (YoY)	8.50%	15.45%	11.96%	16.04%	-3.88%
Salaries and Employee Benefits	4.32	3.99	3.46	2.8	2.7
Occupancy Expenses	0.47	0.38	0.37	0.35	0.35
Selling, General & Administrative	0.96	0.84	0.85	0.79	0.73
Other Non-Interest Expense	1.02	1.08	1.01	0.81	0.62
Total Non-Interest Expense	6.76	6.28	5.69	4.74	4.4
EBT Excluding Unusual Items	3.52	3.19	2.52	2.59	1.92
Pretax Income	3.52	3.19	2.52	2.59	1.92
Income Tax Expense	0.74	0.67	0.53	0.54	0.4
Net Income	2.78	2.52	1.99	2.05	1.52
Net Income to Common	2.78	2.52	1.99	2.05	1.52
Net Income Growth	10.19%	26.67%	-2.69%	34.96%	-12.12%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	0.14%	0.37%	0.29%	0.08%	0.44%
EPS (Basic)	3.18	2.89	2.29	2.36	1.75
EPS (Diluted)	3.18	2.89	2.29	2.36	1.75
EPS Growth	10.04%	26.20%	-2.97%	34.86%	-12.50%
Dividend Per Share	-	0.100	0.100	0.080	0.080
Dividend Growth	-	-	25.00%	-	-
Effective Tax Rate	20.98%	20.96%	20.90%	20.97%	21.00%

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