Tri City Bankshares Corporation (TRCY)

Tri City Bankshares 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	76.56	53.7	45.16	43	42.72
Interest Income on Investments	-	15.03	14.29	9.88	8.35
Total Interest Income	76.56	68.73	59.45	52.88	51.07
Interest Paid on Deposits	23.59	10.05	1.85	0.94	1.45
Interest Paid on Borrowings	-	5.4	0.01	0	0
Total Interest Expense	23.59	15.45	1.86	0.94	1.45
Net Interest Income	52.97	53.28	57.59	51.93	49.62
Net Interest Income Growth (YoY)	-0.59%	-7.49%	10.90%	4.66%	-3.00%
Gain (Loss) on Sale of Investments	-	-	0.88	-	-
Other Non-Interest Income	17.29	10.08	12.66	11.69	11.91
Total Non-Interest Income	17.29	14.93	18.27	18.11	18.37
Non-Interest Income Growth (YoY)	15.82%	-18.32%	0.91%	-1.43%	-0.34%
Revenues Before Loan Losses	70.25	68.21	75.87	70.04	67.99
Provision for Loan Losses	-0.43	-0.46	-	-	1.5
Revenue	70.68	68.66	75.87	70.04	66.49
Revenue Growth (YoY)	2.94%	-9.50%	8.31%	5.34%	-4.45%
Salaries and Employee Benefits	-	30.61	30.29	29	27.79
Occupancy Expenses	-	3.19	3	2.91	2.93
Federal Deposit Insurance	-	1.17	0.89	0.84	0.53
Selling, General & Administrative	-	13.4	14.85	13.91	13.31
Other Non-Interest Expense	56.87	5.46	6.14	5.14	5.2
Total Non-Interest Expense	56.87	53.82	55.17	51.8	49.76
EBT Excluding Unusual Items	13.81	14.84	20.7	18.24	16.74
Pretax Income	13.81	14.84	20.7	18.24	16.74
Income Tax Expense	2.08	8.38	3.23	2.88	2.52
Net Income	11.73	6.46	17.47	15.36	14.22
Net Income to Common	11.73	6.46	17.47	15.36	14.22
Net Income Growth	81.59%	-63.02%	13.72%	8.03%	-24.07%
Basic Shares Outstanding	9	9	9	9	9
Diluted Shares Outstanding	9	9	9	9	9
Shares Change (YoY)	-0.23%	-	-	-	-
EPS (Basic)	1.32	0.73	1.96	1.72	1.60
EPS (Diluted)	1.32	0.73	1.96	1.72	1.60
EPS Growth	82.01%	-63.02%	13.72%	8.03%	-24.07%
Dividend Per Share	0.720	0.720	0.570	0.520	0.520
Dividend Growth	0%	26.32%	9.62%	0%	0%
Effective Tax Rate	15.06%	56.47%	15.62%	15.81%	15.05%

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