Eagle Bancorp Montana Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
EBMT$20.58-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Years Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| INTEREST AND DIVIDEND INCOME: | ||
| Interest and fees on loans | $79,423 | $60,353 |
| Securities available-for-sale | 11,376 | 8,579 |
| FHLB and FRB dividends | 727 | 302 |
| Other interest income | 89 | 228 |
| Total interest and dividend income | 91,615 | 69,462 |
| INTEREST EXPENSE: | ||
| Deposits | 17,857 | 3,124 |
| FHLB advances and other borrowings | 8,562 | 514 |
| Other long-term debt | 2,719 | 2,512 |
| Total interest expense | 29,138 | 6,150 |
| NET INTEREST INCOME | 62,477 | 63,312 |
| Provision for credit losses (1) | 1,456 | 2,001 |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 61,021 | 61,311 |
| NONINTEREST INCOME: | ||
| Service charges on deposit accounts | 1,757 | 1,668 |
| Mortgage banking, net | 14,970 | 19,489 |
| Interchange and ATM fees | 2,524 | 2,375 |
| Appreciation in cash surrender value of life insurance | 1,466 | 1,035 |
| Net loss on sale of available-for-sale securities | (222) | (6) |
| Other noninterest income | 2,227 | 1,659 |
| Total noninterest income | 22,722 | 26,220 |
| NONINTEREST EXPENSE: | ||
| Salaries and employee benefits | 42,973 | 44,521 |
| Occupancy and equipment expense | 8,072 | 7,601 |
| Data processing | 5,943 | 5,995 |
| Advertising | 1,375 | 1,419 |
| Amortization | 1,587 | 1,334 |
| Loan costs | 1,887 | 2,036 |
| Federal Deposit Insurance Corporation ("FDIC") insurance premiums | 1,150 | 559 |
| Professional and examination fees | 1,922 | 1,469 |
| Acquisition costs | - | 2,296 |
| Other noninterest expense | 7,180 | 6,453 |
| Total noninterest expense | 72,089 | 73,683 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 11,654 | 13,848 |
| Provision for income taxes | 1,598 | 3,147 |
| NET INCOME | $10,056 | $10,701 |
| BASIC EARNINGS PER COMMON SHARE | $1.29 | $1.45 |
| DILUTED EARNINGS PER COMMON SHARE | $1.29 | $1.45 |
| (1) Provision for credit losses for the year ended December 31, 2023; provision for loan losses for the year ended December 31, 2022. | ||
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