EX-99.2 4 ex_134031.htm EXHIBIT 99.2 ex_134030.htm

Exhibit 99.2

 

RICHLAND STATE BANCORP.
CONDENSED CONSOLIDATED BALANCE SHEET

UNAUDITED

 

   

9/30/2018

   

9/30/2017

 

Assets

               

Cash and cash equivalents

  $ 24,672     $ 20,427  

Held-to-maturity investment securities

    28,441       31,183  

Available-for sale investment securities

    40,023       33,766  

Loans, net of uneared income

    200,721       199,888  

Allowance for loan losses

    (1,787 )     (1,596 )

Net loans

    198,934       198,292  

Premises and equipment (net)

    4,734       4,307  

Bank owned life insurance

    7,236       7,502  

Other real estate owned

    623       453  

Other assets

    2,206       1,874  

Total assets

  $ 306,869     $ 297,804  

Liabilities

               

Non-interest-bearing

  $ 63,168     $ 65,158  

Interest bearing

    205,416       186,166  

Total deposits

    268,584       251,324  

Borrowings

    -       10,000  

Other liabilities

    3,150       3,019  

Total liabilites

    271,734       264,343  

Equity

               

Common stock

    493       487  

Surplus

    355       103  

Retained earnings

    35,270       32,705  

Accumulated other comprehensive income

    (983 )     166  

Total shareholders' equity

    35,135       33,461  

Total liabilities and shareholders' equity

  $ 306,869     $ 297,804  

 

 

 

 

RICHLAND STATE BANCORP.
CONDENSED CONSOLIDATED
INCOME STATEMENT

UNAUDITED

 

    For the nine months ended  
   

9/30/2018

   

9/30/2017

 

Total interest income

  $ 10,369     $ 9,681  

Total interest expense

    917       648  

Net interest income

    9,452       9,033  

Provision for loan losses

    170       270  

Non-interest income

    2,310       1,623  

Non-interest expense

    7,949       7,648  

Merger-related expense

    118       -  

Net income before taxes

    3,525       2,738  

Income tax expenses (benefit)

    -       -  

Net income

  $ 3,525     $ 2,738