Limestone Bancorp, Inc. (LMST) 10-K Annual Report March 2019

The following information was filed by Limestone Bancorp, Inc. (LMST) on Friday, January 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Limestone Bancorp, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Limestone Bancorp, Inc.'s 10-K Annual Report:

Financial - Expense Highlight
Non-interest expense also benefited from a $590,000 decrease in professional fees, a $418,000 decrease in salaries and employee benefits, and a $248,000 decrease in FDIC insurance.

Other - Other Highlight
In determining the amount of the general reserve portion of the allowance for loan losses, management considers factors such as our historical loan loss experience, the growth, composition and diversification of our loan portfolio, current delinquency levels, loan quality grades, the results of recent regulatory examinations and general economic conditions.
Financial - Expense Highlight
A negative provision for loan losses expense of $500,000 was recorded during 2018, compared to $800,000 negative provision for loan losses expense for 2017.
Financial - Expense Highlight
A negative provision for loan losses expense of $800,000 was recorded during 2017, compared to $2.5 million negative provision for loan losses expense for 2016.
Financial - Expense Highlight
The Company recorded negative provision for loan losses expense of $500,000 in 2018, compared to a negative provision for loan losses expense of $800,000 for 2017.
Financial - Earnings
After allocating earnings to participating...Read more
Financial - Earnings
The increase was due primarily...Read more
Other - Other
The negative provision was attributable...Read more
Financial - Shares
The following table shows the...Read more
Revenue - Product
This increase was primarily attributable...Read more
Financial - Expense
Subsequent reductions in fair value...Read more
Financial - Expense
Non-interest expense for the year...Read more
Financial - Expense
Non-interest expense for the year...Read more
Other - Other
In December 2018, the Bank...Read more
Revenue - Product
Mortgage-backed securities that are purchased...Read more
Financial - Expense
Non-interest expense also benefited from...Read more
Financial - Earnings
After consideration of earnings attributable...Read more
Other - Other
The loan agreement contains customary...Read more
Other - Other
Based on its assessment of...Read more
Financial - Expense
As shown below, expenses related...Read more
Revenue - Product
Upon sale of the facility,...Read more
Financial - Income
The following table summarizes components...Read more
Financial - Expense
Total interest expense increased by...Read more
Revenue - Product
Average volume of interest checking...Read more
Revenue - Product
Average volume of interest checking...Read more
Other - Other
Periods of high inflation are...Read more
Other - Other
The $6.8 million decrease in...Read more
Other - Other
The $6.8 million decrease in...Read more
Financial - Earnings
? Net interest margin increased...Read more
Legal - Other
Among other significant changes to...Read more
Revenue - Product
Funds are available to the...Read more
Other - Other
The pass category increased approximately...Read more
Other - Other
Although the allowance for loan...Read more
Financial - Expense
Litigation expense was negatively impacted...Read more
Financial - Expense
It is important to look...Read more
Financial - Earnings
There can be no assurance...Read more
Financial - Income
There was an increase of...Read more
Financial - Income
Loan interest income benefited with...Read more
Other - Other
This decrease was primarily driven...Read more
Financial - Expense
The decrease in non-interest expense...Read more
M & A - Other
Any write-down of the property...Read more
M & A - Other
Any write-down of the property...Read more
Financial - Income
This increase was primarily attributable...Read more
Financial - Income
There was an increase of...Read more
Other - Other
Total assets at December 31,...Read more
Other - Other
Total assets at December 31,...Read more
Other - Other
Loans receivable increased $72.9 million,...Read more
Other - Other
Loans receivable increased $53.1 million,...Read more
Other - Other
Impaired loans have been assessed...Read more
Other - Other
The balance of proceeds was...Read more
Other - Other
The balance of proceeds was...Read more
Other - Other
The Basel III regulatory capital...Read more
Financial - Cash Flow
Unlike U.S. Treasury and U.S....Read more
Financial - Income
During the fourth quarter of...Read more
Financial - Shares
The Company contributed $9.0 million...Read more
Financial - Income
Non-interest income increased $669,000 during...Read more
Financial - Income
Non-interest income increased $114,000 during...Read more
Other - Other
The allowance for loan losses...Read more
Other - Other
New loans continue to be...Read more
Other - Other
New loans continue to be...Read more
Other - Other
The decrease in nonaccrual loans...Read more
Financial - Cash Flow
Once a loan is deemed...Read more
Other - Other
The Federal Reserve Board rules...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Limestone Bancorp, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.11: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: LMST
CIK: 1358356
Form Type: 10-K Annual Report
Accession Number: 0001437749-19-004472
Submitted to the SEC: Fri Mar 08 2019 11:40:45 AM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: National Commercial Banks