Lake Ridge Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	152.29	137.96	75.19	50.11	50.78
Interest Income on Investments	-	-	-	4.82	4.18
Total Interest Income	152.29	137.96	75.19	54.93	54.96
Interest Paid on Deposits	80.48	62.1	11.12	2.65	5.08
Interest Paid on Borrowings	-	-	-	2.18	3.08
Total Interest Expense	80.48	62.1	11.12	4.82	8.16
Net Interest Income	71.81	75.86	64.08	50.11	46.8
Net Interest Income Growth (YoY)	-5.33%	18.39%	27.87%	7.07%	27.67%
Trust Income	-	-	-	4.53	3.8
Mortgage Banking Activities	-	-	-	8	9.34
Other Non-Interest Income	18.71	18.3	17.73	4.82	2.43
Total Non-Interest Income	18.71	18.3	17.73	21.6	19.25
Non-Interest Income Growth (YoY)	2.21%	3.23%	-17.93%	12.21%	61.14%
Revenues Before Loan Losses	90.52	94.16	81.8	71.71	66.05
Provision for Loan Losses	3.1	-	10.5	6.8	6.85
Revenue	87.42	94.16	71.3	64.91	59.2
Revenue Growth (YoY)	-7.16%	32.06%	9.85%	9.65%	26.76%
Salaries and Employee Benefits	-	-	-	25.19	24.99
Occupancy Expenses	-	-	-	4.1	4.14
Selling, General & Administrative	-	-	-	5.17	4.48
Other Non-Interest Expense	71.19	73.39	51.78	7.39	7.13
Total Non-Interest Expense	71.19	73.39	51.78	41.84	40.74
EBT Excluding Unusual Items	16.23	20.77	19.53	23.08	18.46
Pretax Income	16.23	20.77	19.53	23.08	18.46
Income Tax Expense	1.03	3.91	4.48	5.33	4.23
Net Income	15.2	16.86	15.04	17.75	14.23
Net Income to Common	15.2	16.86	15.04	17.75	14.23
Net Income Growth	-9.83%	12.04%	-15.23%	24.71%	47.11%
Basic Shares Outstanding	-	-	-	1	1
Diluted Shares Outstanding	-	-	-	1	1
Shares Change (YoY)	-	-	-	-0.08%	4.79%
EPS (Basic)	-	-	-	16.40	13.14
EPS (Diluted)	-	-	-	16.40	13.14
EPS Growth	-	-	-	24.81%	40.38%
Dividend Per Share	-	-	2.080	1.650	1.610
Dividend Growth	-	-	26.06%	2.48%	2.55%
Effective Tax Rate	6.35%	18.84%	22.96%	23.10%	22.91%

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