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 165,143 147,292 132,869 124,972 101,758
Interest Expense 53,358 36,050 23,976 21,668 19,688
Net Interest Income 111,785 111,242 108,893 103,304 82,070
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 22 2,615 1,411 635 353
Trading Account Income 1,988 (879) 1,114 507 (396)
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 0 0 0 0 0
Service Charges on Deposits NA 2,987 3,023 3,356 2,682
Gain on Sale of Loans (FAS 140) 0 0 0 0 4
Loan Fees & Charges NA 14 5 16 24
Bank-owned Life Insurance Revenue 4,723 3,705 3,886 3,998 3,767
Insurance Revenue NA 60 0 0 0
Investment Banking & Brokerage NA 245 232 288 261
Other Noninterest Income 4,183 1,817 1,713 1,601 1,216
Total Noninterest Income 10,894 7,949 9,973 9,766 7,559
Realized Gain on Securities 514 178 169 306 57
Nonrecurring Revenue 3,400 0 1,500 0 0
Compensation & Benefits 39,571 34,802 38,237 37,380 29,760
Occupancy & Equipment 13,761 12,875 12,411 12,832 11,467
Marketing and Promotion Expense 3,442 2,726 1,861 1,885 1,802
Professional Fees 3,545 3,482 2,774 2,904 3,037
Tech & Communications Expense 5,679 5,011 4,585 4,957 3,802
Amrt of Intang & Goodwill Impair 265 326 386 447 210
Foreclosure & Repo NA NA NA NA NA
Other Expense 6,161 7,596 7,124 8,487 7,077
Total Noninterest Expense 72,424 66,818 67,378 68,892 57,155
Nonrecurring Expense 1,125 225 0 4,054 672
Pre-Provision Net Revenue 50,255 52,373 51,488 44,178 32,474
Non-FTE Pre-Provision Net Revenue 50,255 52,373 51,488 44,178 32,474
Net Income before Taxes 53,022 49,711 51,746 39,795 31,506
Provision for Taxes 12,787 9,632 26,978 13,665 11,975
Effective Tax Rate(%) 24.12 19.38 52.14 34.34 38.01
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 40,235 40,079 24,768 26,130 19,531
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 40,235 40,079 24,768 26,130 19,531
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 40,235 40,079 24,768 26,130 19,531
Net Income for Diluted EPS 40,235 40,079 24,768 26,130 19,531
EPS after Extra($) 0.85 0.85 0.53 0.57 0.45
EPS after Extra Growth(%) 0 60.40 (7) 26.70 9.80
Pre-Provision Earnings per Share($) 0.84 0.88 0.72 0.63 0.49
Comprehensive Income
Net Income 40,235 40,079 24,768 26,130 19,531
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 13,800 (3,696) (227) (1,346) (2,221)
Comprehensive Income 54,035 36,383 24,541 24,784 17,310
Interest Income Earned On:
Interest Earned on Loans 136,133 127,591 120,340 111,776 87,179
Int Inc: Securities 27,659 18,782 11,945 12,911 14,459
Int Inc: Other Earn Assets 1,351 919 584 285 120
Int Inc: Secs & Oth Earn Assets 29,010 19,701 12,529 13,196 14,579
Int Inc: Total Earn Assets 165,143 147,292 132,869 124,972 101,758
Interest Expense Incurred On:
Int Exp: CDs 20,855 16,688 8,153 6,529 5,466
Int Exp: Other Deposits 20,473 11,053 8,233 7,758 4,957
Int Exp: Total Deposits 41,328 27,741 16,386 14,287 10,423
Int Exp: Debt 12,030 8,309 7,590 7,381 9,265
Int Exp: Total Int-bearing Liab 53,358 36,050 23,976 21,668 19,688
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.