As Reported Financials

Balance Sheet
Income Statement
Cashflow Statement

Document Name As Of Date Currency Code (in thousands)	2016 Y 10-K 6/30/2016USD	2017 Y 10-K 6/30/2017USD	2018 Y 10-K 6/30/2018USD	2019 Y 10-Q 6/30/2019USD	2020 Q3 YTD 10-Q 3/31/2020USD
ASSETS
Cash on hand and noninterest-bearing deposits in financial institutions	8,164	9,439	7,615	9,322	12,452
Federal funds sold and interest-bearing deposits in financial institutions	2,017	473	157	139	92
Total cash and cash equivalents	10,181	9,912	7,772	9,461	12,544
Certificates of deposit in other financial institutions	5,906	3,921	2,973	1,983	11,908
Securities, available-for-sale	133,369	142,086	144,028	144,010	139,383
Securities, held-to-maturity	3,494	4,259	4,024	3,786	3,580
Federal bank and other restricted stocks, at cost	1,396	1,425	1,459	1,723	2,472
Loans held for sale	1,048	1,252	1,448	1,657	1,830
Total loans	256,278	272,867	318,509	369,175	467,804
Less allowance for loan losses	(3,566)	(3,086)	(3,422)	(3,788)	(4,468)
Net loans	252,712	269,781	315,087	365,387	463,336
Cash surrender value of life insurance	6,819	9,065	9,335	9,606	9,376
Premises and equipment, net	13,585	13,398	13,315	14,155	15,154
Other real estate owned	0	NA	NA	NA	NA
Goodwill	NA	NA	NA	0	836
Core deposit intangible, net	NA	NA	NA	0	263
Accrued interest receivable and other assets	1,880	2,784	3,178	2,168	2,595
Total assets	430,390	457,883	502,619	553,936	663,277
LIABILITIES
Deposits
Noninterest-bearing demand	98,224	102,683	107,919	116,239	137,554
Interest bearing demand	48,810	54,123	81,299	81,469	84,273
Savings	134,606	151,154	162,204	162,261	212,613
Time	65,008	66,511	78,541	112,205	128,582
Total deposits	346,648	374,471	429,963	472,174	563,022
Short-term borrowings	19,129	23,986	13,367	3,686	6,386
Federal Home Loan Bank advances	17,281	12,320	11,756	22,700	27,079
Accrued interest and other liabilities	3,539	3,571	3,772	4,210	5,462
Total liabilities	386,597	414,348	458,858	502,770	601,949
SHAREHOLDERS' EQUITY
Preferred stock	0	0	0	0	0
Common stock	14,630	14,630	14,630	14,656	19,974
Retained earnings	28,432	30,122	32,342	36,487	39,300
Treasury stock, at cost	(1,658)	(1,662)	(1,576)	(1,543)	(1,454)
Accumulated other comprehensive income	2,389	445	(1,635)	1,566	3,508
Total shareholders' equity	43,793	43,535	43,761	51,166	61,328
Total liabilities and shareholders' equity	430,390	457,883	502,619	553,936	663,277

Document Name As Of Date Currency Code (in thousands)	2016 Y10-K 6/30/2016USD	2017 Y10-K 6/30/2017USD	2018 Y10-K 6/30/2018USD	2019 Y10-K 6/30/2019USD	2020 Q3 YTD10-Q 3/31/2020USD
Interest and dividend income
Loans, including fees	11,211	12,333	13,937	16,590	15,277
Securities, taxable	1,880	1,678	1,916	2,192	1,478
Securities, tax-exempt	1,399	1,434	1,472	1,584	1,186
Federal bank and other restricted stocks	NA	NA	81	86	56
Federal funds sold and other interest-bearing deposits	117	122	151	93	103
Total interest and dividend income	14,607	15,567	17,557	20,545	18,100
Interest expense
Deposits	679	792	1,210	2,786	2,773
Short-term borrowings	39	90	240	51	38
Federal Home Loan Bank advances	184	226	221	319	218
Total interest expense	902	1,108	1,671	3,156	3,029
Net interest income	13,705	14,459	15,886	17,389	15,071
Provision for loan losses	1,498	596	310	(440)	760
Net interest income after provision for loan losses	12,207	13,863	15,576	17,829	14,311
Noninterest income
Service charges on deposit accounts	1,269	1,245	1,200	1,264	1,088
Debit card interchange income	948	1,161	1,333	1,454	1,142
Bank owned life insurance death benefit	NA	NA	NA	NA	324
Bank owned life insurance income	193	246	270	271	199
Gain on sale of mortgage loans	186	258	367	458	NA
Securities gains (losses), net	202	209	33	561	231
Loss on disposition of other real estate owned	2	(35)	NA	NA	NA
Other	188	166	188	260	617
Total noninterest income	2,988	3,250	3,391	4,268	3,601
Noninterest expenses
Salaries and employee benefits	6,933	7,136	7,692	8,355	7,140
Occupancy and equipment	1,612	1,888	1,867	2,096	1,782
Data processing expenses	578	583	601	621	732
Debit card processing expenses	463	636	754	765	599
Professional and director fees	447	608	523	799	804
FDIC assessments	268	175	168	149	52
Franchise taxes	334	336	343	361	296
Marketing and advertising	302	267	308	424	399
Loan and collection expenses	197	155	117	101	NA
Telephone and network communications	321	305	307	268	223
Amortization of intangible	NA	NA	NA	NA	7
Other	1,314	1,389	1,557	1,579	1,280
Total noninterest expenses	12,769	13,478	14,237	15,518	13,314
Income before income taxes	2,426	3,635	4,730	6,579	4,598
Income tax expense	279	641	1,149	1,013	637
Net income	2,147	2,994	3,581	5,566	3,961
Basic and diluted earnings per share	0.79	1.10	1.31	2.04	1.40
Consolidated statements of comprehensive income
Net income	2,147	2,994	3,581	5,566	3,961
Other comprehensive income, net of tax
Net change in unrealized gains (losses) on securities available-for-sale
Unrealized gains arising during the period	2,460	(2,737)	(2,711)	4,612	2,690
Reclassification adjustment for gains included in income	(202)	(209)	(33)	(561)	(231)
Net unrealized gains	2,258	(2,946)	(2,744)	4,051	2,459
Income tax effect	(768)	1,002	650	(850)	(517)
Other comprehensive income	1,490	(1,944)	(2,094)	3,201	1,942
Total comprehensive income	3,637	1,050	1,487	8,767	5,903

Document Name As Of Date Currency Code (in thousands)	2016 Y10-K 6/30/2016USD	2017 Y10-K 6/30/2017USD	2018 Y10-K 6/30/2018USD	2019 Y10-K 6/30/2019USD	2020 Q3 YTD10-Q 3/31/2020USD
Cash flows from operating activities
Net income	2,147	2,994	3,581	5,566	NA
Adjustments to reconcile net income to net cash flows from operating activities
Depreciation	647	781	771	797	NA
Securities amortization and accretion, net	1,092	1,087	963	784	NA
Provision for loan losses	1,498	596	310	(440)	NA
Gain on disposal of fixed assets	7	2	(6)	(11)	NA
Loss on disposition or direct write-down of other real estate owned	(2)	35	2	0	NA
Net gain on sale of loans	(186)	(258)	(367)	(458)	NA
Deferred income tax expense	(142)	128	462	173	NA
Gain on sale of securities	(202)	(209)	(33)	(561)	NA
Origination of loans held for sale	(13,495)	(24,379)	(22,336)	(29,473)	NA
Proceeds from loans held for sale	13,095	24,775	22,760	29,797	NA
Increase in cash surrender value of life insurance	(193)	(246)	(270)	(271)	NA
Change in other assets and other liabilities	(415)	73	14	483	NA
Net cash from operating activities	3,851	5,379	5,851	6,386	5,024
Cash flow from investing activities
Purchases of securities, available-for-sale	(29,739)	(41,752)	(23,878)	(22,914)	(18,610)
Maturities, calls and principal pay downs of securities, available-for-sale	24,285	21,869	15,618	19,091	17,575
Sale of securities, available-for-sale	10,596	7,342	2,644	7,670	11,841
Purchases	0	(1,000)	NA	NA	NA
Principal pay downs of securities, held-to-maturity	161	235	235	238	206
Net decrease in certificate of deposit in other financial institutions	(1,436)	1,985	948	990	1,914
Purchase of Federal Reserve Bank stock, at cost	0	(29)	(34)	(264)	(595)
Net increase in loans	(28,161)	(18,120)	(45,869)	(49,935)	(43,405)
Purchase of Bank owned life insurance	0	(2,000)	NA	NA	NA
Acquisition, net of cash acquired	NA	NA	NA	NA	(4,295)
Proceeds from BOLI death benefit	NA	NA	NA	NA	753
Premises and equipment purchases	(2,634)	(598)	(688)	(1,671)	(453)
Disposal of premises and equipment	0	2	6	45	NA
Proceeds from sale of other real estate owned	40	7	69	0	NA
Sale of other repossessed assets	NA	NA	NA	NA	39
Net cash from investing activities	(26,888)	(32,059)	(50,949)	(46,750)	(35,030)
Cash flow from financing activities
Net increase in deposit accounts	13,652	27,823	55,492	42,211	29,997
Net change in short-term borrowings	(709)	4,857	(10,619)	(9,681)	352
Proceeds from Federal Home Loan Bank advances	16,300	19,325	2,700	13,000	17,500
Repayments of Federal Home Loan Bank advances	(5,259)	(24,286)	(3,264)	(2,056)	(13,612)
Dividends paid	(1,310)	(1,308)	(1,351)	(1,421)	(1,148)
Net cash from financing activities	22,674	26,411	42,958	42,053	33,089
Increase in cash or cash equivalents	(363)	(269)	(2,140)	1,689	3,083
Cash and cash equivalents, beginning of period	10,544	10,181	9,912	7,772	9,461
Cash and cash equivalents, end of period	10,181	9,912	7,772	9,461	12,544
Supplemental disclosure of cash flow information
Cash paid during the period
Interest	903	1,108	1,643	3,092	3,048
Federal income taxes	725	300	730	820	675
Non-cash items
Transfer from loans to repossessed assets	38	113	0	0	NA
Transfer from loans held for sale to portfolio	0	342	253	75	0
Issuance of treasury stock for stock awards	NA	0	90	59	89
Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock	6	4	4	0	NA
Right of use assets obtained in exchange for lease liabilities	NA	NA	NA	NA	582
Acquisition of Peoples
Consideration paid	NA	NA	NA	NA	10,405
Noncash assets acquired
Certificates of deposit in other financial institutions	NA	NA	NA	NA	11,839
Securities, available-for-sale	NA	NA	NA	NA	4,051
Federal bank and other restricted stocks, at cost	NA	NA	NA	NA	154
Loans, net	NA	NA	NA	NA	55,320
Premises and equipment	NA	NA	NA	NA	818
Goodwill	NA	NA	NA	NA	836
Core deposit intangible	NA	NA	NA	NA	270
Accrued interest receivable and other assets	NA	NA	NA	NA	140
Total noncash assets acquired	NA	NA	NA	NA	73,428
Liabilities assumed
Deposits	NA	NA	NA	NA	60,851
Federal funds purchased	NA	NA	NA	NA	2,348
Federal Home Loan Bank advances	NA	NA	NA	NA	491
Other liabilities	NA	NA	NA	NA	166
Total liabilities assumed	NA	NA	NA	NA	63,856
Net noncash assets acquired	NA	NA	NA	NA	9,572
Cash acquired	NA	NA	NA	NA	833

ASSETS

LIABILITIES

Deposits

SHAREHOLDERS' EQUITY

Interest and dividend income

Interest expense

Noninterest income

Noninterest expenses

Consolidated statements of comprehensive income

Other comprehensive income, net of tax

Cash flows from operating activities

Adjustments to reconcile net income to net cash flows from operating activities

Cash flow from investing activities

Cash flow from financing activities

Supplemental disclosure of cash flow information

Cash paid during the period

Non-cash items

Acquisition of Peoples

Noncash assets acquired

Liabilities assumed

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