Income Statement

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 36,468 55,061 56,735 231,207
Interest Expense 2,172 4,554 5,503 23,777
Net Interest Income 34,296 50,507 51,232 207,430
FTE Net Interest Income 34,881 50,863 51,599 209,024
Provision for Loan Losses 723 (3,659) (710) (3,589)
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 0 0 0
Service Charges on Deposits 2,614 3,263 3,122 12,690
Gain on Sale of Loans (FAS 140) 1,390 4,661 3,394 13,101
Loan Fees & Charges NA NA NA NA
Bank-owned Life Insurance Revenue 508 623 628 2,534
Insurance Revenue 629 1,705 1,789 7,645
Investment Banking & Brokerage 211 235 330 1,086
Other Noninterest Income 4,667 5,742 6,947 25,343
Total Noninterest Income 10,019 16,229 16,210 62,399
Realized Gain on Securities (235) 0 0 0
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 17,860 24,005 22,530 91,965
Occupancy & Equipment 3,028 4,054 3,784 16,420
Marketing and Promotion Expense 478 754 NA NA
Professional Fees 1,149 NA NA NA
Tech & Communications Expense 2,217 3,014 NA NA
Amrt of Intang & Goodwill Impair 576 1,672 1,745 6,763
Foreclosure & Repo (25) 288 99 565
Other Expense 4,391 7,338 10,174 41,869
Total Noninterest Expense 29,674 41,125 38,332 157,582
Nonrecurring Expense 2,373 2,761 640 2,358
Pre-Provision Net Revenue 15,226 25,967 29,477 113,841
Non-FTE Pre-Provision Net Revenue 14,641 25,611 29,110 112,247
Net Income before Taxes 11,310 26,509 29,180 113,478
Provision for Taxes 3,755 5,836 6,450 24,189
Effective Tax Rate(%) 33.20 22.02 22.10 21.32
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 7,555 20,673 22,730 89,289
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 7,555 20,673 22,730 89,289
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 7,555 20,673 22,730 89,289
Net Income for Diluted EPS 7,555 20,673 22,730 89,289
EPS after Extra($) 0.34 0.70 0.77 3.01
EPS after Extra Growth(%) 3 105.90 71.10 65.40
Pre-Provision Earnings per Share($) 0.43 0.69 0.78 2.99
Comprehensive Income
Net Income 7,555 20,673 22,730 89,289
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 885 (5,547) (1,502) (7,815)
Comprehensive Income 8,440 15,126 21,228 81,474
Interest Income Earned On:
Interest Earned on Loans 33,703 50,170 51,451 NA
Int Inc: Securities 2,583 3,322 3,200 NA
Int Inc: Other Earn Assets 767 1,925 2,451 NA
Int Inc: Secs & Oth Earn Assets 3,350 5,247 5,651 NA
Int Inc: Total Earn Assets 37,053 55,417 57,102 232,801
Interest Expense Incurred On:
Int Exp: CDs 880 1,694 2,101 9,417
Int Exp: Other Deposits 522 979 1,132 5,074
Int Exp: Total Deposits 1,402 2,673 3,233 14,491
Int Exp: Debt 770 1,881 2,270 9,286
Int Exp: Total Int-bearing Liab 2,172 4,554 5,503 23,777
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.