Page 7 - Farmers National Bank 2021 Annual Report

December 31, 2021 and 2020
(dollars in thousands, except share and per share data)
INCOME & EXPENSES
Interest & Dividend Income
Loans, including fees Debt securities
Taxable
Tax-exempt
Dividends on Federal Home Loan Bank and
Federal Reserve Bank Stock
Federal funds sold and deposits with financial institutions
TOTAL INTEREST AND DIVIDEND INCOME
Interest Expense
Deposits
Federal Home Loan Bank advances Other interest expense
TOTAL INTEREST EXPENSE
Net Interest Income Provision for Loan Losses
NET INTEREST INCOME
AFTER PROVISION FOR LOAN LOSSES
Non-Interest Income
Fiduciary activities
Customer service fees
Brokerage and insurance services Net gain on mortgage loan sales Other
TOTAL NON-INTEREST INCOME
Non-Interest Expense
Salaries and employee benefits Occupancy
Data processing
State and local franchise tax Professional fees
Federal Deposit Insurance Corporation assessment
Other real estate owned, net gain (loss) on sale, writedowns
Other
TOTAL NON-INTEREST EXPENSE
Income Before Income Tax Provision for Income Taxes
NET INCOME
BASIC EARNINGS PER SHARE
$
$
$
$
$
2021
21,281
1,654 2,284
65 196
25,480
1,031 132 –
1,163
24,317 585
23,732
5,232 4,790 2,281 267 242
12,812
16,833 3,964 1,425 225 1,119
333
36 2,586
26,521
10,023 2,003
8,020 9.24
$
$
$
$
$
2020
22,015
1,403 2,171
63 234
25,886
1,969 132 –
2,101
23,785 1,876
21,909
4,500 4,113 1,725 226 192
10,756
16,181 3,801 1,304
891 758
218
22 3,447
26,622
6,043 535
5,508 6.35
05
CONSOLIDATED STATEMENTS OF INCOME
$
$ $
$
$ $