Income Statement

Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 71,843 115,467 84,697 58,899 41,447
Interest Expense 39,494 53,200 30,715 19,210 10,694
Net Interest Income 32,349 62,267 53,982 39,689 30,753
FTE Net Interest Income 35,518 67,277 58,035 40,779 30,977
Provision for Loan Losses 2,674 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 461 934 888 818 764
Gain on Sale of Loans (FAS 140) 3,128 6,605 8,170 12,462 8,845
Loan Fees & Charges NA NA NA NA NA
Bank-owned Life Insurance Revenue 468 954 910 468 402
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 1,727 267 581 152 130
Total Noninterest Income 5,784 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 12,963 23,174 21,164 17,387 14,271
Occupancy & Equipment 2,997 4,996 4,183 3,699 2,768
Marketing and Promotion Expense 935 2,468 2,393 1,823 1,756
Professional Fees 1,649 3,055 3,091 3,143 2,374
Tech & Communications Expense 645 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 3,629 8,362 4,921 3,900 2,791
Total Noninterest Expense 22,818 43,183 36,723 31,451 25,283
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 18,484 32,854 31,861 23,228 15,835
Non-FTE Pre-Provision Net Revenue 15,315 27,844 27,808 22,138 15,611
Net Income before Taxes 12,683 23,952 22,928 17,985 13,665
Provision for Taxes 866 2,052 7,702 5,911 4,736
Effective Tax Rate(%) 6.83 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 11,817 21,900 15,226 12,074 8,929
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 11,817 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 11,817 21,900 15,226 12,074 8,929
Net Income for Diluted EPS 11,817 21,900 15,226 12,074 8,929
EPS after Extra($) 1.16 2.30 2.13 2.30 1.96
EPS after Extra Growth(%) (15.90) 8 (7.40) 17.30 104.20
Pre-Provision Earnings per Share($) 1.19 2.31 2.53 2.74 2.23
Comprehensive Income
Net Income 11,817 21,900 15,226 12,074 8,929
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 963 (10,459) 4,249 (8,059) (1,074)
Comprehensive Income 12,780 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 75,012 120,477 88,750 59,989 41,671
Interest Expense Incurred On:
Int Exp: CDs 26,146 32,513 18,918 12,680 6,059
Int Exp: Other Deposits 6,387 9,971 5,057 3,173 2,696
Int Exp: Total Deposits 32,533 42,484 23,975 15,853 8,755
Int Exp: Debt 6,961 10,716 6,740 3,357 1,939
Int Exp: Total Int-bearing Liab 39,494 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.