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Financial Reports

2017 Comparative Statement of Income

Bath Savings Institution & Subsidiary | For The Years Ended December 31, 2017 and 2016
2017 2016
Interest & Dividend Income
Interest & Fees on Loans $25,076,857 $22,325,406
Interest & Dividends on Investments 5,768,899 5,725,078
Interest on Federal Funds Sold 83,231 63,035
Total Interest & Dividend Income $30,928,987 $28,113,519
Interest Expense 3,887,556 3,364,204
Net Interest Margin 27,041,431 24,749,315
Other Income 8,009,508 7,398,175
Operating Expenses
Compensation & Employee Benefits 12,570,406 11,645,882
Expense of Premises & Fixed Assets 4,576,514 4,560,684
Provision for Loan Losses 395,846 502,109
FDIC & Other Insurance 358,798 412,005
Other Operating Expenses 5,008,897 4,458,793
Total Operating Expenses $22,910,461 $21,579,473
Income Before Taxes, Net Gain (Loss) on Sale of Assets 12,140,478 10,568,017
Provisions for Taxes 1,467,213 2,663,025
Net Gain (Loss) on Sale of Assets 697,148 143,233
Net Income $11,370,413 $8,048,225