Income Statement
Financial Highlights
3/31/2017
12/31/2017
3/31/2018
6/30/2018
Interest Income 28,704 125,543 34,981 34,319
Interest Expense 3,195 15,795 4,782 5,094
Net Interest Income 25,509 109,748 30,199 29,225
FTE Net Interest Income 25,676 110,546 30,274 29,300
Provision for Loan Losses 600 2,950 0 700
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 0 0 0
Service Charges on Deposits 1,018 4,233 1,053 1,079
Gain on Sale of Loans (FAS 140) 867 3,972 736 851
Loan Fees & Charges NA NA NA NA
Bank-owned Life Insurance Revenue 338 1,331 331 321
Insurance Revenue 18 67 15 10
Investment Banking & Brokerage 2 13 5 6
Other Noninterest Income 2,223 8,081 2,340 2,106
Total Noninterest Income 4,466 17,697 4,480 4,373
Realized Gain on Securities 0 37 0 0
Nonrecurring Revenue 1,385 1,267 (99) 177
Compensation & Benefits 11,272 45,397 12,337 12,757
Occupancy & Equipment 2,089 8,354 2,320 2,211
Marketing and Promotion Expense 405 1,608 420 420
Professional Fees 305 1,970 452 451
Tech & Communications Expense 2,011 8,222 2,128 2,137
Amrt of Intang & Goodwill Impair 636 2,357 556 530
Foreclosure & Repo (43) (319) (105) (21)
Other Expense 3,101 12,127 3,039 2,929
Total Noninterest Expense 19,776 79,716 21,147 21,414
Nonrecurring Expense 0 0 0 0
Pre-Provision Net Revenue 10,366 48,527 13,607 12,259
Non-FTE Pre-Provision Net Revenue 10,199 47,729 13,532 12,184
Net Income before Taxes 10,984 46,083 13,433 11,661
Provision for Taxes 3,369 14,809 2,552 2,215
Effective Tax Rate(%) 30.67 32.14 19 18.99
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 7,615 31,274 10,881 9,446
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 7,615 31,274 10,881 9,446
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 7,615 31,274 10,881 9,446
Net Income for Diluted EPS 7,615 31,274 10,881 9,446
EPS after Extra($) 0.46 1.90 0.66 0.57
EPS after Extra Growth(%) (11.50) (3.10) 43.50 26.70
Pre-Provision Earnings per Share($) 0.40 1.88 0.65 0.58
Comprehensive Income
Net Income 7,615 31,274 10,881 9,446
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 664 1,547 (5,641) (383)
Comprehensive Income 8,279 32,821 5,240 9,063
Interest Income Earned On:
Interest Earned on Loans 26,733 116,816 32,315 31,855
Int Inc: Securities 1,995 8,429 2,271 2,252
Int Inc: Other Earn Assets 143 1,096 470 287
Int Inc: Secs & Oth Earn Assets 2,138 9,525 2,741 2,539
Int Inc: Total Earn Assets 28,871 126,341 35,056 34,394
Interest Expense Incurred On:
Int Exp: CDs NA 6,382 1,734 1,734
Int Exp: Other Deposits NA 2,980 1,352 1,526
Int Exp: Total Deposits 1,868 9,362 3,085 3,262
Int Exp: Debt 1,327 6,433 1,697 1,832
Int Exp: Total Int-bearing Liab 3,195 15,795 4,782 5,094
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.