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Income Statement

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 36,002 32,180 29,017 26,836 25,144
Interest Expense 5,616 3,581 2,255 2,061 2,025
Net Interest Income 30,386 28,599 26,762 24,775 23,119
FTE Net Interest Income NA 29,063 27,673 25,564 23,930
Provision for Loan Losses 775 450 200 150 550
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 692 751 739 737 719
Service Charges on Deposits NA 1,452 1,491 1,495 1,400
Gain on Sale of Loans (FAS 140) 2,896 1,847 2,303 2,898 2,871
Loan Fees & Charges NA 1,326 1,309 1,215 1,151
Bank-owned Life Insurance Revenue NA 236 244 266 282
Insurance Revenue 0 23 0 52 24
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 6,735 3,385 3,292 3,333 3,263
Total Noninterest Income 10,323 9,020 9,378 9,996 9,710
Realized Gain on Securities NA 10 17 71 53
Nonrecurring Revenue 0 443 0 73 0
Compensation & Benefits 16,015 14,971 13,965 13,728 12,494
Occupancy & Equipment 4,281 3,581 3,623 3,378 3,154
Marketing and Promotion Expense NA 456 469 507 456
Professional Fees NA 625 573 731 641
Tech & Communications Expense NA 848 889 931 1,044
Amrt of Intang & Goodwill Impair 172 171 171 171 171
Foreclosure & Repo NA NA NA 0 39
Other Expense 6,988 4,485 4,215 4,210 3,792
Total Noninterest Expense 27,456 25,137 23,905 23,656 21,791
Nonrecurring Expense 0 4,061 0 0 0
Pre-Provision Net Revenue 13,253 12,946 13,146 11,904 11,849
Non-FTE Pre-Provision Net Revenue 13,253 12,482 12,235 11,115 11,038
Net Income before Taxes 12,478 8,424 12,052 11,109 10,541
Provision for Taxes 1,830 1,352 3,603 2,598 2,663
Effective Tax Rate(%) 14.67 16.05 29.90 23.39 25.26
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 10,648 7,072 8,449 8,511 7,878
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 10,648 7,072 8,449 8,511 7,878
Preferred Dividends 0 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income 0 0 0 0 0
Net Income Avail to Common 10,648 7,072 8,449 8,511 7,878
Net Income for Diluted EPS 10,648 7,072 8,449 8,511 7,878
EPS after Extra($) 2.38 1.58 1.89 1.91 1.77
EPS after Extra Growth(%) 50.60 (16.40) (1) 7.90 2.30
Pre-Provision Earnings per Share($) 2.34 2.20 1.78 1.62 1.61
Comprehensive Income
Net Income 10,648 7,072 8,449 8,511 7,878
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 2,009 4,073 (979) (977) (922)
Comprehensive Income 12,657 11,145 7,470 7,534 6,956
Interest Income Earned On:
Interest Earned on Loans NA 30,211 27,583 25,580 24,146
Int Inc: Securities NA 2,122 2,084 1,834 1,625
Int Inc: Other Earn Assets NA 311 261 211 184
Int Inc: Secs & Oth Earn Assets NA 2,433 2,345 2,045 1,809
Int Inc: Total Earn Assets 36,002 32,644 29,928 27,625 25,955
Interest Expense Incurred On:
Int Exp: CDs NA 1,215 710 978 1,264
Int Exp: Other Deposits NA 1,656 1,061 644 418
Int Exp: Total Deposits NA 2,871 1,771 1,622 1,682
Int Exp: Debt NA 710 484 439 343
Int Exp: Total Int-bearing Liab 5,616 3,581 2,255 2,061 2,025
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.