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Income Statement

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 250,107 231,207 177,382 130,987 126,655
Interest Expense 33,903 23,777 12,671 7,607 6,908
Net Interest Income 216,204 207,430 164,711 123,380 119,747
FTE Net Interest Income 217,845 209,024 167,301 125,434 121,381
Provision for Loan Losses 2,263 (3,589) 723 (23) (780)
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 12,970 12,690 11,862 10,571 11,648
Gain on Sale of Loans (FAS 140) 12,219 13,101 11,174 3,466 2,532
Loan Fees & Charges 1,264 NA NA NA NA
Bank-owned Life Insurance Revenue 2,564 2,534 2,321 2,052 1,665
Insurance Revenue 7,566 7,645 4,518 3,133 1,870
Investment Banking & Brokerage 929 1,086 817 657 710
Other Noninterest Income 21,920 20,986 18,775 10,539 1,826
Total Noninterest Income 59,432 58,042 49,467 30,418 20,251
Realized Gain on Securities 97 0 (235) 3 (1)
Nonrecurring Revenue 0 900 0 (4,245) 0
Compensation & Benefits 95,973 91,965 82,099 62,820 56,794
Occupancy & Equipment 16,145 16,420 14,141 11,446 11,107
Marketing and Promotion Expense 2,727 3,065 2,549 1,999 1,674
Professional Fees NA NA NA 3,156 2,695
Tech & Communications Expense NA NA 9,593 7,916 7,293
Amrt of Intang & Goodwill Impair 4,858 5,917 4,033 1,211 722
Foreclosure & Repo 939 565 531 625 1,486
Other Expense 36,360 36,193 24,462 16,842 17,846
Total Noninterest Expense 157,002 154,125 137,408 106,015 99,617
Nonrecurring Expense 192 2,358 8,073 1,431 0
Pre-Provision Net Revenue 120,275 112,941 79,360 49,837 42,015
Non-FTE Pre-Provision Net Revenue 118,634 111,347 76,770 47,783 40,381
Net Income before Taxes 116,276 113,478 67,739 42,133 41,160
Provision for Taxes 24,230 24,189 21,767 14,624 14,126
Effective Tax Rate(%) 20.84 21.32 32.13 34.71 34.32
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 92,046 89,289 45,972 27,509 27,034
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 92,046 89,289 45,972 27,509 27,034
Preferred Dividends 0 0 0 175 603
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 92,046 89,289 45,972 27,334 26,431
Net Income for Diluted EPS 92,046 89,289 45,972 27,509 26,664
EPS after Extra($) 3.10 3.01 1.82 1.33 1.30
EPS after Extra Growth(%) 3 65.40 36.80 2.30 9.20
Pre-Provision Earnings per Share($) 3.16 2.97 1.98 1.50 1.26
Comprehensive Income
Net Income 92,046 89,289 45,972 27,509 27,034
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 17,084 (7,815) 1,697 (1,557) (2,972)
Comprehensive Income 109,130 81,474 47,669 25,952 24,062
Interest Income Earned On:
Interest Earned on Loans 220,784 208,609 163,738 121,322 117,872
Int Inc: Securities 22,529 13,714 11,274 9,964 9,759
Int Inc: Other Earn Assets 8,435 10,478 4,960 1,755 658
Int Inc: Secs & Oth Earn Assets 30,964 24,192 16,234 11,719 10,417
Int Inc: Total Earn Assets 251,748 232,801 179,972 133,041 128,289
Interest Expense Incurred On:
Int Exp: CDs 15,499 9,417 4,783 3,550 4,127
Int Exp: Other Deposits 9,551 5,074 2,761 1,620 1,192
Int Exp: Total Deposits 25,050 14,491 7,544 5,170 5,319
Int Exp: Debt 8,853 9,286 5,127 2,437 1,589
Int Exp: Total Int-bearing Liab 33,903 23,777 12,671 7,607 6,908
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.