Bank7 Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
BSVN$59.18+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Comprehensive Income
Comprehensive Income
(Dollar amounts in thousands, except per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Interest Income | ||
| Loans, including fees | $30,117 | $25,352 |
| Interest-bearing time deposits in other banks | 253 | 49 |
| Debt securities, taxable | 1,012 | 706 |
| Debt securities, tax-exempt | 73 | 87 |
| Other interest and dividend income | 1,832 | 1,186 |
| Total interest income | 33,287 | 27,380 |
| Interest Expense | ||
| Deposits | 11,277 | 7,374 |
| Total interest expense | 11,277 | 7,374 |
| Net Interest Income | 22,010 | 20,006 |
| Provision for Credit Losses | - | 475 |
| Net Interest Income After Provision for Credit Losses | 22,010 | 19,531 |
| Noninterest Income | ||
| Mortgage lending income | 51 | 54 |
| Loss on sales, prepayments, and calls of available-for-sale debt securities | - | (1) |
| Service charges on deposit accounts | 249 | 235 |
| Other | 1,708 | 384 |
| Total noninterest income | 2,008 | 672 |
| Noninterest Expense | ||
| Salaries and employee benefits | 5,289 | 4,680 |
| Furniture and equipment | 230 | 249 |
| Occupancy | 661 | 719 |
| Data and item processing | 458 | 386 |
| Accounting, marketing and legal fees | 99 | 298 |
| Regulatory assessments | 386 | 394 |
| Advertising and public relations | 145 | 148 |
| Travel, lodging and entertainment | 51 | 61 |
| Other | 1,816 | 714 |
| Total noninterest expense | 9,135 | 7,649 |
| Income Before Taxes | 14,883 | 12,554 |
| Income tax expense | 3,595 | 2,947 |
| Net Income | $11,288 | $9,607 |
| Earnings per common share - basic | $1.22 | $1.05 |
| Earnings per common share - diluted | 1.21 | 1.04 |
| Weighted average common shares outstanding - basic | 9,220,154 | 9,146,932 |
| Weighted average common shares outstanding - diluted | 9,317,813 | 9,264,247 |
| Other Comprehensive Income | ||
| Unrealized gains on securities, net of tax expense of $0 and $554 for the three months ended March 31, 2024 and 2023, respectively | $456 | $1,755 |
| Reclassification adjustment for realized losses included in net income net of tax of $0 and $0 for the three months ended March 31, 2024 and 2023, respectively | - | 1 |
| Other comprehensive income | $456 | $1,756 |
| Comprehensive Income | $11,744 | $11,363 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.