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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 149,121 126,224 114,195 109,380 108,676
Interest Expense 17,469 9,645 6,338 4,407 4,169
Net Interest Income 131,652 116,579 107,857 104,973 104,507
FTE Net Interest Income 135,770 120,579 114,175 111,156 110,744
Provision for Loan Losses 4,700 5,768 5,295 3,300 4,700
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue NA 4,720 4,682 4,916 5,087
Service Charges on Deposits 11,795 11,733 11,895 10,530 10,145
Gain on Sale of Loans (FAS 140) 2,573 1,829 1,688 1,842 1,998
Loan Fees & Charges NA 1,206 664 598 1,178
Bank-owned Life Insurance Revenue NA 1,170 1,279 1,414 1,593
Insurance Revenue NA 144 74 2,346 6,945
Investment Banking & Brokerage NA 566 319 277 456
Other Noninterest Income 24,040 12,422 12,325 12,245 11,876
Total Noninterest Income 38,408 33,790 32,926 34,168 39,278
Realized Gain on Securities 44 4,502 3,120 34 17
Nonrecurring Revenue 0 0 0 12,822 0
Compensation & Benefits 54,827 50,658 50,116 50,091 60,109
Occupancy & Equipment 15,844 13,857 14,083 14,165 13,969
Marketing and Promotion Expense NA 2,251 1,916 2,042 1,726
Professional Fees NA 2,365 1,922 1,979 1,928
Tech & Communications Expense NA 9,440 8,232 7,766 7,883
Amrt of Intang & Goodwill Impair NA 433 479 627 723
Foreclosure & Repo NA 86 108 93 116
Other Expense 25,877 12,285 11,999 13,638 12,060
Total Noninterest Expense 96,548 91,375 88,855 90,401 98,514
Nonrecurring Expense 7,800 0 0 0 0
Pre-Provision Net Revenue 77,630 62,994 58,246 54,923 51,508
Non-FTE Pre-Provision Net Revenue 73,512 58,994 51,928 48,740 45,271
Net Income before Taxes 61,056 57,728 49,753 58,296 40,588
Provision for Taxes 12,184 11,145 20,622 19,883 10,392
Effective Tax Rate(%) 19.96 19.31 41.45 34.11 25.60
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 48,872 46,583 29,131 38,413 30,196
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 48,872 46,583 29,131 38,413 30,196
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 48,872 46,583 29,131 38,413 30,196
Net Income for Diluted EPS 48,872 46,583 29,131 38,413 30,196
EPS after Extra($) 3.80 3.80 2.38 3.12 2.35
EPS after Extra Growth(%) 0 59.70 (23.70) 32.80 (7.80)
Pre-Provision Earnings per Share($) 4.52 3.80 2.76 2.57 2.29
Comprehensive Income
Net Income 48,872 46,583 29,131 38,413 30,196
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 15,953 (6,384) (540) (4,763) 5,128
Comprehensive Income 64,825 40,199 28,591 33,650 35,324
Interest Income Earned On:
Interest Earned on Loans NA 101,666 92,750 87,636 85,529
Int Inc: Securities NA 28,442 27,662 27,864 29,332
Int Inc: Other Earn Assets NA 116 101 63 52
Int Inc: Secs & Oth Earn Assets NA 28,558 27,763 27,927 29,384
Int Inc: Total Earn Assets 153,239 130,224 120,513 115,563 114,913
Interest Expense Incurred On:
Int Exp: CDs NA 2,550 2,216 2,173 2,505
Int Exp: Other Deposits NA 6,482 3,795 1,986 1,429
Int Exp: Total Deposits 15,711 9,032 6,011 4,159 3,934
Int Exp: Debt 1,758 613 327 248 235
Int Exp: Total Int-bearing Liab 17,469 9,645 6,338 4,407 4,169
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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