Income Statement

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 125,100 165,143 147,292 132,869 124,972
Interest Expense 32,329 53,358 36,050 23,976 21,668
Net Interest Income 92,771 111,785 111,242 108,893 103,304
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses NA 22 2,615 1,411 635
Provision for Unfunded & Other Financial Losses NA NA NA NA NA
Provision for Credit Losses NA NA NA NA NA
Trading Account Income 397 1,988 (879) 1,114 507
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 0 0 0 0 0
Service Charges on Deposits 1,391 3,222 2,987 3,023 3,356
Gain on Sale of Loans (FAS 140) 665 0 0 0 0
Loan Fees & Charges 7 6 14 5 16
Bank-owned Life Insurance Revenue 2,635 3,623 3,705 3,886 3,998
Insurance Revenue 120 181 60 0 0
Investment Banking & Brokerage 71 81 245 232 288
Other Noninterest Income 1,978 1,793 1,817 1,713 1,601
Total Noninterest Income 7,264 10,894 7,949 9,973 9,766
Realized Gain on Securities 105 514 178 169 306
Nonrecurring Revenue 0 3,400 0 1,500 0
Compensation & Benefits 31,039 39,571 34,802 38,237 37,380
Occupancy & Equipment 10,725 13,761 12,875 12,411 12,832
Marketing and Promotion Expense 1,585 3,442 2,726 1,861 1,885
Professional Fees 3,370 3,545 3,482 2,774 2,904
Tech & Communications Expense 4,830 5,679 5,011 4,585 4,957
Amrt of Intang & Goodwill Impair 165 265 326 386 447
Foreclosure & Repo NA NA NA NA NA
Other Expense 1,312 6,161 7,596 7,124 8,487
Total Noninterest Expense 53,026 72,424 66,818 67,378 68,892
Nonrecurring Expense 4,300 1,125 225 0 4,054
Pre-Provision Net Revenue 47,009 50,255 52,373 51,488 44,178
Non-FTE Pre-Provision Net Revenue 47,009 50,255 52,373 51,488 44,178
Net Income before Taxes 32,545 53,022 49,711 51,746 39,795
Provision for Taxes 8,619 12,787 9,632 26,978 13,665
Effective Tax Rate(%) 26.48 24.12 19.38 52.14 34.34
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 23,926 40,235 40,079 24,768 26,130
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 23,926 40,235 40,079 24,768 26,130
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 23,926 40,235 40,079 24,768 26,130
Net Income for Diluted EPS 23,926 40,235 40,079 24,768 26,130
EPS after Extra($) 0.50 0.85 0.85 0.53 0.57
EPS after Extra Growth(%) (21.90) 0 60.40 (7) 26.70
Pre-Provision Earnings per Share($) 0.78 0.84 0.88 0.72 0.63
Comprehensive Income
Net Income 23,926 40,235 40,079 24,768 26,130
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 9,708 13,846 (3,696) (227) (1,346)
Comprehensive Income 33,634 54,081 36,383 24,541 24,784
Interest Income Earned On:
Interest Earned on Loans 107,705 136,133 127,591 120,340 111,776
Int Inc: Securities 17,133 27,659 18,782 11,945 12,911
Int Inc: Other Earn Assets 262 1,351 919 584 285
Int Inc: Secs & Oth Earn Assets 17,395 29,010 19,701 12,529 13,196
Int Inc: Total Earn Assets 125,100 165,143 147,292 132,869 124,972
Interest Expense Incurred On:
Int Exp: CDs 13,405 20,855 16,688 8,153 6,529
Int Exp: Other Deposits 8,990 20,473 11,053 8,233 7,758
Int Exp: Total Deposits 22,395 41,328 27,741 16,386 14,287
Int Exp: Debt 9,934 12,030 8,309 7,590 7,381
Int Exp: Total Int-bearing Liab 32,329 53,358 36,050 23,976 21,668
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.