MSWV Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	83.28	54.67	32.43	23.46	20.01
Interest Income on Investments	-	5.67	2.66	2.36	1.8
Total Interest Income	83.28	60.33	35.1	25.82	21.81
Interest Paid on Deposits	32.83	21.46	8.47	2.39	1.99
Interest Paid on Borrowings	-	6.2	4.45	0.66	0.52
Total Interest Expense	32.83	27.67	12.92	3.05	2.51
Net Interest Income	50.45	32.67	22.18	22.77	19.3
Net Interest Income Growth (YoY)	54.44%	47.32%	-2.61%	17.99%	12.19%
Gain (Loss) on Sale of Investments	-	0.68	-	-	-0.06
Other Non-Interest Income	3.96	2.17	2.04	1.87	1.38
Total Non-Interest Income	3.96	4.16	3.02	2.73	2.56
Non-Interest Income Growth (YoY)	-4.81%	37.85%	10.47%	6.76%	-15.69%
Revenues Before Loan Losses	54.41	36.83	25.19	25.5	21.86
Provision for Loan Losses	1.58	4.78	0.53	1.22	0.75
Revenue	52.84	32.04	24.66	24.28	21.11
Revenue Growth (YoY)	64.89%	29.93%	1.58%	15.01%	11.42%
Salaries and Employee Benefits	15.84	12.43	7.62	7.64	6.8
Occupancy Expenses	5.7	3.99	2.57	1.95	1.85
Federal Deposit Insurance	0.78	0.64	0.53	0.26	0.22
Amortization of Goodwill & Intangibles	-	1.38	-	-	-
Selling, General & Administrative	3.13	4.23	1.75	1.09	0.89
Other Non-Interest Expense	6.07	3.77	2.35	2.22	2.16
Total Non-Interest Expense	31.52	26.44	14.82	13.15	11.93
EBT Excluding Unusual Items	21.32	5.61	9.84	11.13	9.18
Pretax Income	21.32	5.61	9.84	11.13	9.18
Income Tax Expense	4.57	0.9	2.01	2.13	1.75
Net Income	16.75	4.7	7.83	9	7.44
Net Income to Common	16.75	4.7	7.83	9	7.44
Net Income Growth	256.13%	-39.96%	-13.00%	21.07%	11.17%
Basic Shares Outstanding	8	6	4	4	4
Diluted Shares Outstanding	8	6	4	4	4
Shares Change (YoY)	26.93%	59.60%	-3.24%	-6.89%	-4.59%
EPS (Basic)	2.14	0.76	2.04	2.28	1.75
EPS (Diluted)	2.14	0.76	2.03	2.25	1.74
EPS Growth	181.58%	-62.56%	-9.89%	29.70%	16.54%
Dividend Per Share	0.570	0.420	0.527	0.527	0.481
Dividend Growth	35.71%	-20.35%	-	9.51%	4.99%
Effective Tax Rate	21.43%	16.11%	20.38%	19.09%	19.00%

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