Page 12 - Annual Report 2017

TEXAS GULF BANCSHARES, INC., AND SUBSIDIARY

Consolidated Changes in Shareholders' Equity
31, 2016 and 2015

Accumulated
Other
Common Treasury Capital Retained Comprehensive
Stock Stock Surplus Earnings (Loss) Income Total
Balance, December 31, 2014 $ 3,466,785 $ (11,459,628) $ 10,821,892 $ 48,960,718 $ 1,685,841 $ 53,475,608
Stock options exercised (1,000 shares) 5,000 - 95,000 - - 100,000

Stock-based compensation expense - - 130,091 - - 130,091
Consolidated net income - - - 6,272,577 - 6,272,577
Other comprehensive loss - - - - (52,342) (52,342)
Distributions declared - - - (1,928,855) - (1,928,855)
Balance, December 31, 2015 3,471,785 (11,459,628) 11,046,983 53,304,440 1,633,499 57,997,079

Stock-based compensation expense - - 100,392 - - 100,392
Consolidated net income - - - 5,999,357 - 5,999,357
Other comprehensive loss - - - - (2,986,470) (2,986,470)
Distributions declared - - - (1,908,658) - (1,908,658)
Balance, December 31, 2016 $ 3,471,785 $ (11,459,628) $ 11,147,375 $ 57,395,139 $ (1,352,971) $ 59,201,700

See accompanying notes to consolidated financial statements.

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