Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 70,466 147,414 115,467 84,697 58,899
Interest Expense 41,022 84,447 53,200 30,715 19,210
Net Interest Income 29,444 62,967 62,267 53,982 39,689
FTE Net Interest Income 32,416 69,301 67,277 58,035 40,779
Provision for Loan Losses 3,952 5,966 3,892 4,872 4,330
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 0 0 0 0 0
Service Charges on Deposits 394 885 934 888 818
Gain on Sale of Loans (FAS 140) 11,069 12,349 6,605 8,170 12,462
Loan Fees & Charges 506 166 NA NA NA
Bank-owned Life Insurance Revenue 472 943 954 910 468
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income (1,298) 2,404 267 581 152
Total Noninterest Income 11,143 16,747 8,760 10,549 13,900
Realized Gain on Securities 41 (458) 0 (8) 177
Nonrecurring Revenue 0 500 0 0 0
Compensation & Benefits 15,563 27,014 23,174 21,164 17,387
Occupancy & Equipment 3,227 6,059 4,996 4,183 3,699
Marketing and Promotion Expense 786 1,800 2,468 2,393 1,823
Professional Fees 2,109 3,669 3,055 3,091 3,143
Tech & Communications Expense 714 1,338 1,233 971 1,499
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo 0 (8) 2,318 NA 0
Other Expense 4,031 6,762 5,939 4,921 3,900
Total Noninterest Expense 26,430 46,634 43,183 36,723 31,451
Nonrecurring Expense 300 0 0 0 0
Pre-Provision Net Revenue 17,129 39,414 32,854 31,861 23,228
Non-FTE Pre-Provision Net Revenue 14,157 33,080 27,844 27,808 22,138
Net Income before Taxes 9,946 27,156 23,952 22,928 17,985
Provision for Taxes (5) 1,917 2,052 7,702 5,911
Effective Tax Rate(%) (0.05) 7.06 8.57 33.59 32.87
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 9,951 25,239 21,900 15,226 12,074
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 9,951 25,239 21,900 15,226 12,074
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 9,951 25,239 21,900 15,226 12,074
Net Income for Diluted EPS 9,951 25,239 21,900 15,226 12,074
EPS after Extra($) 1.02 2.51 2.30 2.13 2.30
EPS after Extra Growth(%) (12.10) 9.10 8 (7.40) 17.30
Pre-Provision Earnings per Share($) 1.15 2.60 2.31 2.53 2.74
Comprehensive Income
Net Income 9,951 25,239 21,900 15,226 12,074
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income (6,947) 2,350 (10,459) 4,249 (8,059)
Comprehensive Income 3,004 27,589 11,441 19,475 4,015
Interest Income Earned On:
Interest Earned on Loans NA NA NA NA NA
Int Inc: Securities NA NA NA NA NA
Int Inc: Other Earn Assets NA NA NA NA NA
Int Inc: Secs & Oth Earn Assets NA NA NA NA NA
Int Inc: Total Earn Assets 73,438 153,748 120,477 88,750 59,989
Interest Expense Incurred On:
Int Exp: CDs 25,061 55,372 32,513 18,918 12,680
Int Exp: Other Deposits 7,910 13,941 9,971 5,057 3,173
Int Exp: Total Deposits 32,971 69,313 42,484 23,975 15,853
Int Exp: Debt 8,051 15,134 10,716 6,740 3,357
Int Exp: Total Int-bearing Liab 41,022 84,447 53,200 30,715 19,210
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.