Company Quick10K Filing
Pathfinder Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 5 $71
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-27 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-10 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-03-30 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-11 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-03-31 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-29 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-18 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
8-K 2019-12-23 Other Events, Exhibits
8-K 2019-11-01 Earnings, Exhibits
8-K 2019-09-23 Other Events, Exhibits
8-K 2019-07-29 Earnings, Exhibits
8-K 2019-06-21 Other Events, Exhibits
8-K 2019-05-09 Shareholder Vote
8-K 2019-05-09 Regulation FD, Exhibits
8-K 2019-05-08 Enter Agreement, Sale of Shares, Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2019-04-26 Earnings, Exhibits
8-K 2019-03-29 Other Events, Exhibits
8-K 2019-03-29
8-K 2019-02-04 Earnings, Exhibits
8-K 2019-01-23 Officers
8-K 2018-12-31 Officers, Exhibits
8-K 2018-12-21 Other Events, Exhibits
8-K 2018-10-26 Earnings, Exhibits
8-K 2018-09-28 Other Events, Exhibits
8-K 2018-07-27 Earnings, Exhibits
8-K 2018-06-29 Other Events, Exhibits
8-K 2018-05-09 Shareholder Vote
8-K 2018-05-09 Regulation FD, Exhibits
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-04-13 Other Events
8-K 2018-04-10 Other Events, Exhibits
8-K 2018-03-29 Other Events, Exhibits
8-K 2018-02-02 Earnings, Exhibits
PBHC 2019-09-30
Part I - Financial Information
Item 1 - Consolidated Financial Statements
Note 1: Basis of Presentation
Note 2: New Accounting Pronouncements
Note 3: Earnings per Common Share
Note 4: Investment Securities
Note 5: Pension and Postretirement Benefits
Note 6: Loans
Note 7: Allowance for Loan Losses
Note 8: Foreclosed Real Estate
Note 9: Guarantees
Note 10: Fair Value Measurements
Note 11: Interest Rate Derivatives
Note 12: Accumulated Other Comprehensive Income (Loss)
Note 13: Noninterest Income
Note 14: Leases
Note 15: Subsequent Events
Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations (Unaudited)
Item 3 - Quantitative and Qualitative Disclosures About Market Risk
Item 4 - Controls and Procedures
Part II - Other Information
Item 1 - Legal Proceedings
Item 1A - Risk Factors
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds
Item 3 - Defaults Upon Senior Securities
Item 4 - Mine Safety Disclosures
Item 5 - Other Information
Item 6 - Exhibits
EX-31.1 pbhc-ex311_6.htm
EX-31.2 pbhc-ex312_8.htm
EX-32 pbhc-ex32_7.htm

Pathfinder Bancorp Earnings 2019-09-30

PBHC 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
FBSS 80 718 653 0 0 6 12 80 6.6 1%
AMRB 79 689 608 0 0 5 9 72 8.5 1%
UBOH 75 855 767 0 0 8 21 55 2.7 1%
ASRV 73 1,191 1,089 0 0 8 23 45 1.9 1%
PBHC 71 1,013 925 0 0 3 17 81 4.7 0%
FUSB 69 777 693 0 0 4 13 24 1.8 1%
UBCP 65 649 592 1 0 5 12 39 0% 3.2 1%
CZFC 63 472 421 0 0 5 11 56 5.1 1%
BOTJ 62 690 631 2 0 5 12 29 0% 2.4 1%
PNBK 59 978 909 0 0 -0 17 8 0.5 -0%

10-Q 1 pbhc-10q_20190930.htm 10-Q pbhc-10q_20190930.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2019

 

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from _______ to _______

 

(Exact Name of Company as Specified in its Charter)

 

Maryland

(State of Other Jurisdiction of Incorporation)

001-36695

(Commission File No.)

38-3941859

(I.R.S. Employer Identification No.)

 

214 West First Street, Oswego, NY 13126

(Address of Principal Executive Office) (Zip Code)

(315) 343-0057

(Issuer's Telephone Number including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

PBHC

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

YES        NO

Indicate by check mark whether the registrant has submitted electronically Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 

YES        NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.  See definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   YES     NO

As of November 11, 2019, there were 4,707,875 shares outstanding of the registrant’s common stock.

 


Table of Contents

PATHFINDER BANCORP, INC.

INDEX

 

PART I - FINANCIAL INFORMATION

 

PAGE NO.

 

 

 

 

Item 1.

Consolidated Financial Statements (Unaudited)

 

3

 

Consolidated Statements of Condition

 

3

 

Consolidated Statements of Income

 

4

 

Consolidated Statements of Comprehensive Income

 

5

 

Consolidated Statements of Changes in Shareholders' Equity

 

6

 

Consolidated Statements of Cash Flows

 

8

 

Notes to Consolidated Financial Statements

 

10

 

 

 

 

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations (Unaudited)

 

46

 

 

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

 

67

 

 

 

 

Item 4.

Controls and Procedures

 

67

 

 

 

 

PART II - OTHER INFORMATION

 

 

 

 

 

 

Item 1.

Legal Proceedings

 

68

Item 1A.

Risk Factors

 

68

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

 

68

Item 3.

Defaults upon Senior Securities

 

68

Item 4.

Mine Safety Disclosures

 

68

Item 5.

Other information

 

68

Item 6.

Exhibits

 

68

 

 

 

 

SIGNATURES

 

69

 

 


Table of Contents

PART I - FINANCIAL INFORMATION

Item 1 – Consolidated Financial Statements

Pathfinder Bancorp, Inc.

Consolidated Statements of Condition

(Unaudited) 

 

 

September 30,

 

 

December 31,

 

(In thousands, except share and per share data)

 

2019

 

 

2018

 

ASSETS:

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

19,849

 

 

$

9,610

 

Interest-earning deposits (including restricted balances of $0 and $3,993, respectively)

 

 

19,924

 

 

 

16,706

 

Total cash and cash equivalents

 

 

39,773

 

 

 

26,316

 

Available-for-sale securities, at fair value

 

 

120,002

 

 

 

177,664

 

Held-to-maturity securities, at amortized cost (fair value of $116,187 and $53,769, respectively)

 

 

114,349

 

 

 

53,908

 

Marketable equity securities, at fair value

 

 

514

 

 

 

453

 

Federal Home Loan Bank stock, at cost

 

 

4,210

 

 

 

5,937

 

Loans

 

 

725,900

 

 

 

620,270

 

Less: Allowance for loan losses

 

 

8,330

 

 

 

7,306

 

Loans receivable, net

 

 

717,570

 

 

 

612,964

 

Premises and equipment, net

 

 

22,411

 

 

 

20,623

 

Operating lease right-of-use assets

 

 

2,422

 

 

 

-

 

Accrued interest receivable

 

 

3,313

 

 

 

3,068

 

Foreclosed real estate

 

 

148

 

 

 

1,173

 

Intangible assets, net

 

 

153

 

 

 

165

 

Goodwill

 

 

4,536

 

 

 

4,536

 

Bank owned life insurance

 

 

17,296

 

 

 

16,941

 

Other assets

 

 

9,423

 

 

 

9,367

 

Total assets

 

$

1,056,120

 

 

$

933,115

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS' EQUITY:

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

 

 

Interest-bearing

 

$

748,384

 

 

$

623,936

 

Noninterest-bearing

 

 

111,225

 

 

 

103,124

 

Total deposits

 

 

859,609

 

 

 

727,060

 

Short-term borrowings

 

 

18,238

 

 

 

39,000

 

Long-term borrowings

 

 

61,014

 

 

 

79,534

 

Subordinated loans

 

 

15,119

 

 

 

15,094

 

Accrued interest payable

 

 

468

 

 

 

304

 

Operating lease liabilities

 

 

2,681

 

 

 

-

 

Other liabilities

 

 

9,800

 

 

 

7,664

 

Total liabilities

 

 

966,929

 

 

 

868,656

 

Shareholders' equity:

 

 

 

 

 

 

 

 

Preferred stock, par value $0.01 per share; no liquidation preference; 10,000,000 and 0 shares

   authorized, respectively; 1,155,283 and 0 shares issued and outstanding, respectively

 

 

12

 

 

 

-

 

Common stock, par value $0.01; 25,000,000 authorized shares; 4,707,657 and 4,362,328

   shares issued and outstanding, respectively

 

 

47

 

 

 

44

 

Additional paid in capital

 

 

49,236

 

 

 

29,139

 

Retained earnings

 

 

43,332

 

 

 

42,114

 

Accumulated other comprehensive loss

 

 

(2,766

)

 

 

(6,042

)

Unearned ESOP

 

 

(899

)

 

 

(1,034

)

Total Pathfinder Bancorp, Inc. shareholders' equity

 

 

88,962

 

 

 

64,221

 

Noncontrolling interest

 

 

229

 

 

 

238

 

Total equity

 

 

89,191

 

 

 

64,459

 

Total liabilities and shareholders' equity

 

$

1,056,120

 

 

$

933,115

 

 

The accompanying notes are an integral part of the consolidated financial statements.

- 3 -


Table of Contents

Pathfinder Bancorp, Inc.

Consolidated Statements of Income

(Unaudited) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the nine months ended

 

(In thousands, except per share data)

 

September 30, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

 

Interest and dividend income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans, including fees

 

$

8,817

 

 

$

7,213

 

 

$

24,614

 

 

$

20,949

 

Debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxable

 

 

1,770

 

 

 

1,348

 

 

 

5,224

 

 

 

3,647

 

Tax-exempt

 

 

11

 

 

 

143

 

 

 

170

 

 

 

608

 

Dividends

 

 

63

 

 

 

61

 

 

 

214

 

 

 

190

 

Federal funds sold and interest earning deposits

 

 

72

 

 

 

65

 

 

 

288

 

 

 

161

 

Total interest and dividend income

 

 

10,733

 

 

 

8,830

 

 

 

30,510

 

 

 

25,555

 

Interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on deposits

 

 

2,845

 

 

 

1,839

 

 

 

7,930

 

 

 

4,750

 

Interest on short-term borrowings

 

 

89

 

 

 

41

 

 

 

314

 

 

 

204

 

Interest on long-term borrowings

 

 

378

 

 

 

338

 

 

 

1,158

 

 

 

716

 

Interest on subordinated loans

 

 

216

 

 

 

216

 

 

 

650

 

 

 

629

 

Total interest expense

 

 

3,528

 

 

 

2,434

 

 

 

10,052

 

 

 

6,299

 

Net interest income

 

 

7,205

 

 

 

6,396

 

 

 

20,458

 

 

 

19,256

 

Provision for loan losses

 

 

600

 

 

 

291

 

 

 

1,354

 

 

 

1,201

 

Net interest income after provision for loan losses

 

 

6,605

 

 

 

6,105

 

 

 

19,104

 

 

 

18,055

 

Noninterest income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service charges on deposit accounts

 

 

399

 

 

 

291

 

 

 

1,029

 

 

 

838

 

Earnings and gain on bank owned life insurance

 

 

133

 

 

 

138

 

 

 

355

 

 

 

319

 

Loan servicing fees

 

 

57

 

 

 

25

 

 

 

144

 

 

 

108

 

Net gains (losses) on sales and redemptions of investment securities

 

 

121

 

 

 

(60

)

 

 

232

 

 

 

(189

)

Gains on marketable equity securities

 

 

4

 

 

 

-

 

 

 

61

 

 

 

26

 

Net gains on sales of loans and foreclosed real estate

 

 

38

 

 

 

8

 

 

 

43

 

 

 

24

 

Debit card interchange fees

 

 

166

 

 

 

141

 

 

 

497

 

 

 

432

 

Insurance agency revenue

 

 

170

 

 

 

174

 

 

 

631

 

 

 

639

 

Other charges, commissions & fees

 

 

198

 

 

 

223

 

 

 

606

 

 

 

662

 

Total noninterest income

 

 

1,286

 

 

 

940

 

 

 

3,598

 

 

 

2,859

 

Noninterest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salaries and employee benefits

 

 

3,275

 

 

 

3,191

 

 

 

10,379

 

 

 

9,381

 

Building and occupancy

 

 

699

 

 

 

601

 

 

 

1,986

 

 

 

1,689

 

Data processing

 

 

587

 

 

 

492

 

 

 

1,749

 

 

 

1,404

 

Professional and other services

 

 

352

 

 

 

359

 

 

 

1,068

 

 

 

1,095

 

Advertising

 

 

238

 

 

 

158

 

 

 

719

 

 

 

626

 

FDIC assessments

 

 

130

 

 

 

152

 

 

 

371

 

 

 

407

 

Audits and exams

 

 

104

 

 

 

104

 

 

 

304

 

 

 

314

 

Insurance agency expense

 

 

190

 

 

 

190

 

 

 

618

 

 

 

679

 

Community service activities

 

 

110

 

 

 

142

 

 

 

392

 

 

 

370

 

Foreclosed real estate expenses

 

 

28

 

 

 

19

 

 

 

324

 

 

 

93

 

Other expenses

 

 

569

 

 

 

504

 

 

 

1,622

 

 

 

1,440

 

Total noninterest expense

 

 

6,282

 

 

 

5,912

 

 

 

19,532

 

 

 

17,498

 

Income before income taxes

 

 

1,609

 

 

 

1,133

 

 

 

3,170

 

 

 

3,416

 

Provision for income taxes

 

 

324

 

 

 

157

 

 

 

750

 

 

 

505

 

Net income attributable to noncontrolling interest and

   Pathfinder Bancorp, Inc.

 

 

1,285

 

 

 

976

 

 

 

2,420

 

 

 

2,911

 

Net (loss) income attributable to noncontrolling interest

 

 

(10

)

 

 

(9

)

 

 

4

 

 

 

(23

)

Net income attributable to Pathfinder Bancorp Inc.

 

$

1,295

 

 

$

985

 

 

$

2,416

 

 

$

2,934

 

Convertible preferred stock dividends

 

 

70

 

 

 

-

 

 

 

139

 

 

 

-

 

Warrant dividends

 

 

7

 

 

 

-

 

 

 

15

 

 

 

-

 

Undistributed earnings allocated to participating securities

 

 

206

 

 

 

-

 

 

 

195

 

 

 

-

 

Net income available to common shareholders

 

$

1,012

 

 

$

985

 

 

$

2,067

 

 

$

2,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - basic

 

$

0.22

 

 

$

0.23

 

 

$

0.47

 

 

$

0.71

 

Earnings per common share - diluted

 

$

0.22

 

 

$

0.23

 

 

$

0.47

 

 

$

0.69

 

Dividends per common share

 

$

0.06

 

 

$

0.06

 

 

$

0.18

 

 

$

0.18

 

 

The accompanying notes are an integral part of the consolidated financial statements.


- 4 -


Table of Contents

Pathfinder Bancorp, Inc.

Consolidated Statements of Comprehensive Income

(Unaudited)

 

 

 

 

For the three months ended

 

 

For the nine months ended

 

(In thousands)

 

September 30, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

 

Net Income

 

$

1,285

 

 

$

976

 

 

$

2,420

 

 

$

2,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retirement Plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retirement plan net losses recognized in plan expenses

 

 

84

 

 

 

43

 

 

 

252

 

 

 

129

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses) on available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses) arising during the period

 

 

357

 

 

 

(618

)

 

 

4,105

 

 

 

(3,120

)

Reclassification adjustment for net (gains) losses included in net

   income

 

 

(121

)

 

 

60

 

 

 

(232

)

 

 

189

 

Net unrealized gains (losses) on available-for-sale securities

 

 

236

 

 

 

(558

)

 

 

3,873

 

 

 

(2,931

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accretion of net unrealized loss on securities transferred to held-to-

   maturity(1)

 

 

6

 

 

 

5

 

 

 

22

 

 

 

168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), before tax

 

 

326

 

 

 

(510

)

 

 

4,147

 

 

 

(2,634

)

Tax effect

 

 

(68

)

 

 

133

 

 

 

(871

)

 

 

688

 

Other comprehensive income (loss), net of tax

 

 

258

 

 

 

(377

)

 

 

3,276

 

 

 

(1,946

)

Comprehensive income

 

$

1,543

 

 

$

599

 

 

$

5,696

 

 

$

965

 

Comprehensive (loss) income, attributable to noncontrolling interest

 

$

(10

)

 

$

(9

)

 

$

4

 

 

$

(23

)

Comprehensive income attributable to Pathfinder Bancorp, Inc.

 

$

1,553

 

 

$

608

 

 

$

5,692

 

 

$

988

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Effect Allocated to Each Component of Other Comprehensive

   Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retirement plan net losses recognized in plan expenses

 

$

(17

)

 

$

(12

)

 

$

(54

)

 

$

(34

)

Unrealized holding gains (losses) arising during the period

 

 

(75

)

 

 

162

 

 

 

(861

)

 

 

815

 

Reclassification adjustment for net (gains) losses included in net

   income

 

 

25

 

 

 

(16

)

 

 

49

 

 

 

(49

)

Accretion of net unrealized loss on securities transferred to held-to-

   maturity(1)

 

 

(1

)

 

 

(1

)

 

 

(5

)

 

 

(44

)

Income tax effect related to other comprehensive income (loss)

 

$

(68

)

 

$

133

 

 

$

(871

)

 

$

688

 

 

(1)

The accretion of the unrealized holding losses in accumulated other comprehensive loss at the date of transfer at September 30, 2013 partially offsets the amortization of the difference between the par value and the fair value of the investment securities at the date of transfer, and is an adjustment of yield.

 

The accompanying notes are an integral part of the consolidated financial statements.

 

 


- 5 -


Table of Contents

Pathfinder Bancorp, Inc.

Consolidated Statements of Changes in Shareholders’ Equity

Three months ended September 30, 2019 and September 30, 2018

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

 

 

 

 

Other Com-

 

 

 

 

 

 

Non-

 

 

 

 

 

 

 

Preferred

 

 

Common

 

 

Paid in

 

 

Retained

 

 

prehensive

 

 

Unearned

 

 

controlling

 

 

 

 

 

(In thousands, except share and per share data)

 

Stock

 

 

Stock

 

 

Capital

 

 

Earnings

 

 

Loss

 

 

ESOP

 

 

Interest

 

 

Total

 

Balance, June 30, 2019

 

$

12

 

 

$

47

 

 

$

49,125

 

 

$

42,389

 

 

$

(3,024

)

 

$

(944

)

 

$

239

 

 

$

87,844

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,295

 

 

 

-

 

 

 

-

 

 

 

(10

)

 

 

1,285

 

Other comprehensive income, net of tax

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

258

 

 

 

-

 

 

 

-

 

 

 

258

 

ESOP shares earned (6,110 shares)

 

 

-

 

 

 

-

 

 

 

37

 

 

 

-

 

 

 

-

 

 

 

45

 

 

 

-

 

 

 

82

 

Stock based compensation

 

 

-

 

 

 

-

 

 

 

74

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

74

 

Common stock dividends declared ($0.06 per share)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(275

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(275

)

Preferred stock dividends declared ($0.06 per share)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(70

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(70

)

Warrant dividends declared ($0.06 per share)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(7

)

 

 

-

 

 

 

-