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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 55,859 101,986 91,766 80,527 72,498
Interest Expense 9,636 19,608 13,265 6,881 4,378
Net Interest Income 46,223 82,378 78,501 73,646 68,120
FTE Net Interest Income 47,386 84,523 80,346 76,815 70,699
Provision for Loan Losses 3,500 2,450 3,000 3,350 3,870
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 3,709 7,475 7,126 6,431 6,235
Service Charges on Deposits 1,848 4,514 4,254 4,077 4,010
Gain on Sale of Loans (FAS 140) 5,024 4,386 2,729 3,066 2,843
Loan Fees & Charges NA NA NA NA NA
Bank-owned Life Insurance Revenue 412 818 881 831 814
Insurance Revenue 1,564 2,919 2,621 2,407 1,560
Investment Banking & Brokerage 727 1,406 1,103 919 1,210
Other Noninterest Income 3,591 7,602 6,514 6,369 6,261
Total Noninterest Income 16,875 29,120 25,228 24,100 22,933
Realized Gain on Securities 131 42 271 4 73
Nonrecurring Revenue 0 0 0 (53) 238
Compensation & Benefits 19,944 37,172 35,976 34,759 31,908
Occupancy & Equipment 3,475 6,649 6,478 6,292 6,615
Marketing and Promotion Expense 593 1,736 1,559 1,527 1,462
Professional Fees 1,639 3,122 2,856 2,891 2,757
Tech & Communications Expense 2,346 4,318 4,134 5,476 4,802
Amrt of Intang & Goodwill Impair 663 1,306 1,418 1,494 1,461
Foreclosure & Repo NA 45 (16) 20 277
Other Expense 5,945 11,470 10,467 7,684 9,607
Total Noninterest Expense 34,605 65,818 62,872 60,143 58,889
Nonrecurring Expense 1,872 197 (155) 1,043 563
Pre-Provision Net Revenue 29,656 47,825 42,702 40,772 34,743
Non-FTE Pre-Provision Net Revenue 28,493 45,680 40,857 37,603 32,164
Net Income before Taxes 23,252 43,075 38,283 33,161 28,042
Provision for Taxes 3,602 7,315 5,714 10,450 7,485
Effective Tax Rate(%) 15.49 16.98 14.93 31.51 26.69
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 19,650 35,760 32,569 22,711 20,557
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 19,650 35,760 32,569 22,711 20,557
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 19,650 35,760 32,569 22,711 20,557
Net Income for Diluted EPS 19,650 35,760 32,569 22,711 20,557
EPS after Extra($) 0.69 1.28 1.16 0.82 0.76
EPS after Extra Growth(%) 13.10 10.30 41.50 7.90 111.10
Pre-Provision Earnings per Share($) 0.79 1.29 1.15 0.88 0.77
Comprehensive Income
Net Income 19,650 35,760 32,569 22,711 20,557
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income NA 13,856 (4,457) 3,281 (2,924)
Comprehensive Income NA 49,616 28,112 25,992 17,633
Interest Income Earned On:
Interest Earned on Loans 49,039 89,517 80,192 70,573 63,757
Int Inc: Securities 7,804 13,885 12,775 12,729 11,154
Int Inc: Other Earn Assets 179 729 644 394 166
Int Inc: Secs & Oth Earn Assets 7,983 14,614 13,419 13,123 11,320
Int Inc: Total Earn Assets 57,022 104,131 93,611 83,696 75,077
Interest Expense Incurred On:
Int Exp: CDs 5,425 9,768 4,212 2,565 1,835
Int Exp: Other Deposits 3,074 7,092 3,927 1,925 1,386
Int Exp: Total Deposits 8,499 16,860 8,139 4,490 3,221
Int Exp: Debt 1,137 2,748 5,126 2,391 1,157
Int Exp: Total Int-bearing Liab 9,636 19,608 13,265 6,881 4,378
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.
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