Income Statement

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 109,537 115,467 84,697 58,899 41,447
Interest Expense 61,944 53,200 30,715 19,210 10,694
Net Interest Income 47,593 62,267 53,982 39,689 30,753
FTE Net Interest Income 52,357 67,277 58,035 40,779 30,977
Provision for Loan Losses 5,498 3,892 4,872 4,330 1,946
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 672 934 888 818 764
Gain on Sale of Loans (FAS 140) 7,057 6,605 8,170 12,462 8,845
Loan Fees & Charges NA NA NA NA NA
Bank-owned Life Insurance Revenue 705 954 910 468 402
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 2,908 267 581 152 130
Total Noninterest Income 11,342 8,760 10,549 13,900 10,141
Realized Gain on Securities (458) 0 (8) 177 0
Nonrecurring Revenue 500 0 0 0 0
Compensation & Benefits 19,846 23,174 21,164 17,387 14,271
Occupancy & Equipment 4,503 4,996 4,183 3,699 2,768
Marketing and Promotion Expense 1,391 2,468 2,393 1,823 1,756
Professional Fees 2,427 3,055 3,091 3,143 2,374
Tech & Communications Expense 1,026 1,233 971 1,499 1,359
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo 0 (105) NA 0 (36)
Other Expense 4,828 8,362 4,921 3,900 2,791
Total Noninterest Expense 34,021 43,183 36,723 31,451 25,283
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 29,678 32,854 31,861 23,228 15,835
Non-FTE Pre-Provision Net Revenue 24,914 27,844 27,808 22,138 15,611
Net Income before Taxes 19,458 23,952 22,928 17,985 13,665
Provision for Taxes 1,315 2,052 7,702 5,911 4,736
Effective Tax Rate(%) 6.76 8.57 33.59 32.87 34.66
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 18,143 21,900 15,226 12,074 8,929
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 18,143 21,900 15,226 12,074 8,929
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 18,143 21,900 15,226 12,074 8,929
Net Income for Diluted EPS 18,143 21,900 15,226 12,074 8,929
EPS after Extra($) 1.79 2.30 2.13 2.30 1.96
EPS after Extra Growth(%) (9.60) 8 (7.40) 17.30 104.20
Pre-Provision Earnings per Share($) 1.94 2.31 2.53 2.74 2.23
Comprehensive Income
Net Income 18,143 21,900 15,226 12,074 8,929
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income (514) (10,459) 4,249 (8,059) (1,074)
Comprehensive Income 17,629 11,441 19,475 4,015 7,855
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 114,301 120,477 88,750 59,989 41,671
Interest Expense Incurred On:
Int Exp: CDs 40,924 32,513 18,918 12,680 6,059
Int Exp: Other Deposits 9,972 9,971 5,057 3,173 2,696
Int Exp: Total Deposits 50,896 42,484 23,975 15,853 8,755
Int Exp: Debt 11,048 10,716 6,740 3,357 1,939
Int Exp: Total Int-bearing Liab 61,944 53,200 30,715 19,210 10,694
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.