Income Statement

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 17,390 25,979 27,416 115,467
Interest Expense 5,933 10,564 11,955 53,200
Net Interest Income 11,457 15,415 15,461 62,267
FTE Net Interest Income 11,763 16,433 16,625 67,277
Provision for Loan Losses 1,035 850 667 3,892
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 0 0 0
Service Charges on Deposits 211 230 231 934
Gain on Sale of Loans (FAS 140) 1,837 2,086 1,493 6,605
Loan Fees & Charges NA NA NA NA
Bank-owned Life Insurance Revenue 172 237 237 954
Insurance Revenue 0 0 0 0
Investment Banking & Brokerage 0 0 0 0
Other Noninterest Income (89) (11) 216 267
Total Noninterest Income 2,131 2,542 2,177 8,760
Realized Gain on Securities 0 0 0 0
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 5,073 5,905 5,827 23,174
Occupancy & Equipment 953 1,214 1,231 4,996
Marketing and Promotion Expense 518 716 608 2,468
Professional Fees 813 851 633 3,055
Tech & Communications Expense 237 263 282 1,233
Amrt of Intang & Goodwill Impair 0 0 0 0
Foreclosure & Repo 0 (105) 0 (105)
Other Expense 1,104 1,373 1,601 8,362
Total Noninterest Expense 8,698 10,217 10,182 43,183
Nonrecurring Expense 0 0 0 0
Pre-Provision Net Revenue 5,196 8,758 8,620 32,854
Non-FTE Pre-Provision Net Revenue 4,890 7,740 7,456 27,844
Net Income before Taxes 3,855 6,890 6,789 23,952
Provision for Taxes 1,023 862 781 2,052
Effective Tax Rate(%) 26.54 12.51 11.50 8.57
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 2,832 6,028 6,008 21,900
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 2,832 6,028 6,008 21,900
Preferred Dividends 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income 0 0 0 0
Net Income Avail to Common 2,832 6,028 6,008 21,900
Net Income for Diluted EPS 2,832 6,028 6,008 21,900
EPS after Extra($) 0.43 0.71 0.67 2.30
EPS after Extra Growth(%) (18.90) 65.10 9.80 8
Pre-Provision Earnings per Share($) 0.48 0.72 0.66 2.31
Comprehensive Income
Net Income 2,832 6,028 6,008 21,900
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 993 (5,192) (2,804) (10,459)
Comprehensive Income 3,825 836 3,204 11,441
Interest Income Earned On:
Interest Earned on Loans NA NA NA NA
Int Inc: Securities NA NA NA NA
Int Inc: Other Earn Assets NA NA NA NA
Int Inc: Secs & Oth Earn Assets NA NA NA NA
Int Inc: Total Earn Assets 17,696 26,997 28,580 120,477
Interest Expense Incurred On:
Int Exp: CDs 3,837 6,097 6,793 32,513
Int Exp: Other Deposits 862 2,173 2,433 9,971
Int Exp: Total Deposits 4,699 8,270 9,226 42,484
Int Exp: Debt 1,234 2,294 2,729 10,716
Int Exp: Total Int-bearing Liab 5,933 10,564 11,955 53,200
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.