Town Center Bank (TCNB)

Town Center Bank Income Statement

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

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Interest Income on Loans	6.38	5.21	4.11	3.86	3.29
Interest Income on Investments	0.26	0.36	0.58	0.67	0.71
Total Interest Income	6.64	5.57	4.69	4.53	4
Interest Paid on Deposits	0.34	0.76	1.04	0.71	0.46
Interest Paid on Borrowings	0.07	0.14	0.05	0.05	0.04
Total Interest Expense	0.41	0.9	1.09	0.76	0.5
Net Interest Income	6.24	4.67	3.6	3.77	3.51
Net Interest Income Growth (YoY)	33.55%	29.83%	-4.59%	7.47%	10.87%
Mortgage Banking Activities	0.15	0.2	0.04	0.05	0.12
Gain (Loss) on Sale of Investments	-	0.02	0.07	-	-
Other Non-Interest Income	0.1	0.12	0.15	0.13	0.08
Total Non-Interest Income	0.35	0.47	0.52	0.33	0.32
Non-Interest Income Growth (YoY)	-25.91%	-9.32%	55.12%	3.43%	-15.30%
Revenues Before Loan Losses	6.58	5.14	4.11	4.1	3.83
Provision for Loan Losses	0.07	0.22	0.01	-	0.03
Revenue	6.52	4.92	4.1	4.1	3.8
Revenue Growth (YoY)	32.56%	19.87%	-	7.83%	-7.06%
Salaries and Employee Benefits	1.9	1.61	1.85	1.77	1.63
Occupancy Expenses	0.16	0.17	0.2	0.19	0.19
Federal Deposit Insurance	0.04	0.06	0.01	0.03	0.03
Selling, General & Administrative	1.4	1.4	1.15	1.15	1.2
Other Non-Interest Expense	0.77	0.63	0.51	0.51	0.45
Total Non-Interest Expense	4.27	3.86	3.74	3.65	3.49
EBT Excluding Unusual Items	2.25	1.06	0.36	0.45	0.31
Legal Settlements	-	-	-	-	-0.16
Pretax Income	2.25	1.06	0.36	0.45	0.15
Income Tax Expense	0.64	0.33	-1.88	-1.27	-
Net Income	1.61	0.73	2.24	1.73	0.15
Net Income to Common	1.61	0.73	2.24	1.73	0.15
Net Income Growth	120.88%	-67.52%	29.84%	1043.05%	-78.34%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
EPS (Basic)	0.69	0.31	0.96	0.74	0.06
EPS (Diluted)	0.69	0.31	0.96	0.74	0.06
EPS Growth	120.88%	-67.52%	29.84%	1043.05%	-78.34%
Effective Tax Rate	28.44%	31.06%	-	-	-

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