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Income Statement

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 178,361 250,107 231,207 177,382 130,987
Interest Expense 16,245 33,903 23,777 12,671 7,607
Net Interest Income 162,116 216,204 207,430 164,711 123,380
FTE Net Interest Income 163,127 217,845 209,024 167,301 125,434
Provision for Loan Losses 31,008 2,263 (3,589) 723 (23)
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 8,193 12,970 12,690 11,862 10,571
Gain on Sale of Loans (FAS 140) 15,266 12,219 13,101 11,174 3,466
Loan Fees & Charges NA 1,264 NA NA NA
Bank-owned Life Insurance Revenue 1,904 2,564 2,534 2,321 2,052
Insurance Revenue NA 7,566 7,645 4,518 3,133
Investment Banking & Brokerage NA 929 1,086 817 657
Other Noninterest Income 27,963 21,920 20,986 18,775 10,539
Total Noninterest Income 53,326 59,432 58,042 49,467 30,418
Realized Gain on Securities 8,024 97 0 (235) 3
Nonrecurring Revenue 0 0 900 0 (4,245)
Compensation & Benefits 75,155 95,973 91,965 82,099 62,820
Occupancy & Equipment 11,752 16,145 16,420 14,141 11,446
Marketing and Promotion Expense NA 2,727 3,065 2,549 1,999
Professional Fees NA NA NA NA 3,156
Tech & Communications Expense NA NA NA 9,593 7,916
Amrt of Intang & Goodwill Impair 2,961 4,858 5,917 4,033 1,211
Foreclosure & Repo 284 939 565 531 625
Other Expense 29,264 36,360 36,193 24,462 16,842
Total Noninterest Expense 119,416 157,002 154,125 137,408 106,015
Nonrecurring Expense 0 192 2,358 8,073 1,431
Pre-Provision Net Revenue 97,037 120,275 112,941 79,360 49,837
Non-FTE Pre-Provision Net Revenue 96,026 118,634 111,347 76,770 47,783
Net Income before Taxes 73,042 116,276 113,478 67,739 42,133
Provision for Taxes 15,213 24,230 24,189 21,767 14,624
Effective Tax Rate(%) 20.83 20.84 21.32 32.13 34.71
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 57,829 92,046 89,289 45,972 27,509
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 57,829 92,046 89,289 45,972 27,509
Preferred Dividends 0 0 0 0 175
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 57,829 92,046 89,289 45,972 27,334
Net Income for Diluted EPS 57,829 92,046 89,289 45,972 27,509
EPS after Extra($) 1.99 3.10 3.01 1.82 1.33
EPS after Extra Growth(%) (16.70) 3 65.40 36.80 2.30
Pre-Provision Earnings per Share($) 2.61 3.16 2.97 1.98 1.50
Comprehensive Income
Net Income 57,829 92,046 89,289 45,972 27,509
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 12,356 17,084 (7,815) 1,697 (1,557)
Comprehensive Income 70,185 109,130 81,474 47,669 25,952
Interest Income Earned On:
Interest Earned on Loans 160,000 220,784 208,609 163,738 121,322
Int Inc: Securities 16,684 22,529 13,714 11,274 9,964
Int Inc: Other Earn Assets 2,688 8,435 10,478 4,960 1,755
Int Inc: Secs & Oth Earn Assets 19,372 30,964 24,192 16,234 11,719
Int Inc: Total Earn Assets 179,372 251,748 232,801 179,972 133,041
Interest Expense Incurred On:
Int Exp: CDs NA 15,499 9,417 4,783 3,550
Int Exp: Other Deposits NA 9,551 5,074 2,761 1,620
Int Exp: Total Deposits 13,380 25,050 14,491 7,544 5,170
Int Exp: Debt 2,865 8,853 9,286 5,127 2,437
Int Exp: Total Int-bearing Liab 16,245 33,903 23,777 12,671 7,607
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.