CKB Annual Report 2018

Comparative Statement of Earnings

OPERATING INCOME

2014

2015

2016

2017

2018

(Audited)

(Audited)

(Audited)

(Audited)

(Unaudited)

Interest Income

$12,744,019

$13,176,089

$13,890,594

$14,765,980

$16,424,778

Interest Expense

$1,439,376

$1,474,608

$1,622,625

$2,204,711

$3,334,736

Net Interest Margin

$11,304,643

$11,701,481

$12,267,969

$12,561,269

$13,090,042

Other Income

$3,121,254

$3,531,281

$4,054,832

$4,419,046

$4,096,263

Total Income

$14,425,897

$15,232,762

$16,322,801

$16,980,315

$17,186,305

Operating Expenses

$10,396,374

$10,894,947

$11,785,390

$11,908,224

$11,925,117

Provision For Bad Debts

($112,176)

$0

$670,117

$757,963

$1,222,914

Total Operating Expenses

$10,284,198

$10,894,947

$12,455,507

$12,666,187

$13,148,031

Federal Income Taxes

$0*

$0*

$0*

$0*

$0*

Earnings After Taxes

$4,141,699

$4,337,815

$3,867,294

$4,314,128

$4,038,274

Earnings Per Share (BSJ Bancshares, Inc.)

$12.03

$12.73

$11.59

$12.87

$11.98

Shares Outstanding

344,331

340,835

333,630

335,200

337,095

Return on Average Assets

1.32%

1.35%

1.16%

1.25%

1.11%

Return on Equity

11.33%

11.21%

9.63%

10.38%

9.30%

Dividend Per Share

$5.45

$6.40 $6.65 $7.30

$6.65

*No income tax due to 2012 Subchapter S conversion.

DISTRIBUTIONS & EARNINGS PER SHARE

$14.00 $12.00 $10.00

$12.87

Distributions Per Share Earnings Per Share

$12.73

$11.98

$8.00 $6.00 $4.00 $2.00 $0.00

$7.30

$6.65

2014

2015

2016

2017

2018

Cross Keys Bank 2019 pg. 31

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