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Financial Reports

2018 Comparative Statement of Income

Bath Savings Institution & Subsidiary | For The Years Ended December 31, 2018 and 2017
2018 2017
Interest & Dividend Income
Interest & Fees on Loans $27,485,597 $25,076,857
Interest & Dividends on Investments 5,866,842 5,768,899
Interest on Federal Funds Sold 185,247 83,231
Total Interest & Dividend Income $33,537,686 $30,928,987
Interest Expense 5,719,204 3,887,556
Net Interest Margin 27,818,482 27,041,431
Other Income 8,244,380 8,009,508
Operating Expenses
Compensation & Employee Benefits 13,181,491 12,570,406
Expense of Premises & Fixed Assets 4,850,060 4,576,514
Provision for Loan Losses 371,862 395,846
FDIC & Other Insurance 345,196 358,798
Other Operating Expenses 5,228,154 5,008,897
Total Operating Expenses $23,976,763 $22,910,461
Income Before Taxes, Net Gain (Loss) on Sale of Assets 12,086,099 12,140,478
Provisions for Taxes 1,998,674 1,467,213
Net Gain (Loss) on Sale of Assets 307,681 697,148
Net Income $10,395,106 $11,370,413