Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Bad
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New words:
announcement, bad, check, customary, docket, inactivity, merge, merger, par, repaid, repurchase, shareholder, stricken, surviving, undertaken
Removed:
core, holding, implement, likelihood, nonperforming, notification, Notwithstanding, outcome, peer, remain, trial, unable
Financial report summary
?Management Discussion
- Consolidated net income totaled $846,000 for the three-month period ended September 30, 2019, compared to $1,091,000 for the three-month period ended September 30, 2018. The large reduction resulted from a significant increase in provision expense.
- Consolidated net income for the nine-month period ended September 30, 2019 totaled $2.5 million compared to $2.6 million for the comparable period of 2018. The increase in provision expense during 2019 was partially offset by lower noninterest expense.
- Net interest income for the three-month period ended September 30, 2019 increased $84,000 or 1.6 percent compared to the three months ended September 30, 2018 primarily due to improved loan interest income and lower FHLB interest expense, which more than offset the increase in deposit interest expense.