CKB Annual Report 2019

Comparative Statement of Earnings

OPERATING INCOME

2015

2016

2017

2018

2019

(Audited)

(Audited)

(Audited)

(Audited)

(Unaudited)

Interest Income

$13,176,089

$13,890,594

$14,765,980

$16,424,812

$16,989,892

Interest Expense

$1,474,608

$1,622,625

$2,204,711

$3,337,858

$4,320,654

Net Interest Margin

$11,701,481

$12,267,969

$12,561,269

$13,086,954

$12,669,238

Other Income

$3,531,281

$4,054,832

$4,419,046

$4,104,789

$4,623,498

Total Income

$15,232,762

$16,322,801

$16,980,315

$17,191,743

$17,292,736

Operating Expenses

$10,894,947

$11,785,390

$11,908,224

$11,929,803

$12,123,669

Provision For Bad Debts

$0

$670,117

$757,963

$1,222,914

$1,408,803

Total Operating Expenses

$10,894,947

$12,455,507

$12,666,187

$13,152,717

$13,532,472

Federal Income Taxes

$0*

$0*

$0*

$0*

$0*

Earnings After Taxes

$4,337,815

$3,867,294

$4,314,128

$4,039,026

$3,760,264

Earnings Per Share (BSJ Bancshares, Inc.)

$12.73

$11.59

$12.87

$11.98

$11.15

Shares Outstanding

340,835

333,630

335,200

337,095

337,391

Return on Average Assets

1.35%

1.16%

1.25%

1.11%

0.98%

Return on Equity

11.21%

9.63%

10.38%

9.30%

8.30%

Dividend Per Share

$6.40 $6.65 $7.30

$6.65

$6.45

*No income tax due to 2012 Subchapter S conversion.

CAPITAL GROWTH

$48,000,000

$46,268,382

$46,000,000

$44,641,028

$44,000,000

$42,596,510

$42,000,000

$40,561,062

$40,000,000

$39,672,945

$38,000,000

$36,000,000

2015 (audited) 2016 (audited) 2017 (audited) 2018 (audited) 2019 (unaudited)