Income Statement

Financial Highlights
3/31/2017
12/31/2017
3/31/2018
6/30/2018
Interest Income 36,468 177,382 55,061 56,735
Interest Expense 2,172 12,671 4,554 5,503
Net Interest Income 34,296 164,711 50,507 51,232
FTE Net Interest Income 34,881 167,301 50,863 51,599
Provision for Loan Losses 723 723 (3,659) (710)
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 11,862 3,263 3,122
Gain on Sale of Loans (FAS 140) 1,390 11,174 4,661 3,394
Loan Fees & Charges NA NA NA NA
Bank-owned Life Insurance Revenue 508 2,321 623 628
Insurance Revenue 629 4,518 1,705 1,789
Investment Banking & Brokerage 211 817 235 330
Other Noninterest Income 4,667 18,982 5,742 6,947
Total Noninterest Income 10,019 49,674 16,229 16,210
Realized Gain on Securities (235) (235) 0 0
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 17,860 81,175 24,005 22,530
Occupancy & Equipment 3,028 14,141 4,054 3,784
Marketing and Promotion Expense 478 2,549 754 NA
Professional Fees 1,149 NA NA NA
Tech & Communications Expense 2,217 9,593 3,014 1,292
Amrt of Intang & Goodwill Impair 576 4,240 1,672 1,745
Foreclosure & Repo (25) 531 288 99
Other Expense 4,391 25,386 7,338 8,882
Total Noninterest Expense 29,674 137,615 41,125 38,332
Nonrecurring Expense 2,373 8,073 2,761 640
Pre-Provision Net Revenue 15,226 79,360 25,967 29,477
Non-FTE Pre-Provision Net Revenue 14,641 76,770 25,611 29,110
Net Income before Taxes 11,310 67,739 26,509 29,180
Provision for Taxes 3,755 21,767 5,836 6,450
Effective Tax Rate(%) 33.20 32.13 22.02 22.10
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 7,555 45,972 20,673 22,730
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 7,555 45,972 20,673 22,730
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 45,972 20,673 22,730
Net Income for Diluted EPS 7,555 45,972 20,673 22,730
EPS after Extra($) 0.34 1.82 0.70 0.77
EPS after Extra Growth(%) 3 36.80 105.90 71.10
Pre-Provision Earnings per Share($) 0.43 1.98 0.69 0.78
Comprehensive Income
Net Income 7,555 45,972 20,673 22,730
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 885 1,697 (5,547) (1,502)
Comprehensive Income 8,440 47,669 15,126 21,228
Interest Income Earned On:
Interest Earned on Loans 33,703 163,738 50,170 51,451
Int Inc: Securities 2,583 12,577 3,322 3,200
Int Inc: Other Earn Assets 767 3,657 1,925 2,451
Int Inc: Secs & Oth Earn Assets 3,350 16,234 5,247 5,651
Int Inc: Total Earn Assets 37,053 179,972 55,417 57,102
Interest Expense Incurred On:
Int Exp: CDs 880 4,783 1,694 2,101
Int Exp: Other Deposits 522 2,761 979 1,132
Int Exp: Total Deposits 1,402 7,544 2,673 3,233
Int Exp: Debt 770 5,127 1,881 2,270
Int Exp: Total Int-bearing Liab 2,172 12,671 4,554 5,503
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.