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Note 1 - Basis of Presentation
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
NOTE
1.
 BASIS OF PRESENTATION
 
The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do
not
include all of the information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. However, such information reflects all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income and cash flows for the unaudited interim periods.
 
The results of operations for the
nine
-month period ended
September 30, 2018
are
not
necessarily indicative of the results to be expected for the year ending
December 31, 2018
or any other period. The unaudited consolidated financial statements and notes presented herein should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Eagle Bancorp Montana, Inc.’s (“the Company” or “Eagle”) Form
10
-K for the year ended
December 31, 2017.
 
Certain prior period amounts were reclassified to conform to the presentation for
2018.
These reclassifications had
no
impact on net income or total shareholders’ equity. Certain loan amounts were reclassified for prior periods to be consistent with loan category classification for
September 30, 2018.
During the quarter ended
March 31, 2018,
Eagle completed the acquisition of TwinCo, Inc. (“TwinCo”). See Note
12.
Mergers and Acquisitions for more information. The acquisition included the addition of over
$55,000,000
in gross loans and added a considerable amount to Eagle’s agricultural loans. There was
no
impact to Eagle’s loan policies due to the acquisition. Loan costs were previously included in other noninterest expense on the Consolidated Statements of Income. These amounts were presented on their own lines for the
three
and
nine
months ended
September 30, 2018
and prior year amounts were reclassed to be consistent with the current year presentation.
 
The Company evaluated subsequent events for potential recognition and/or disclosure through
November 13, 2018,
the date the unaudited consolidated financial statements were issued.