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Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 80,659 149,121 126,224 114,195 109,380
Interest Expense 8,414 17,469 9,645 6,338 4,407
Net Interest Income 72,245 131,652 116,579 107,857 104,973
FTE Net Interest Income 74,371 135,770 120,579 114,175 111,156
Provision for Loan Losses 5,655 4,700 5,768 5,295 3,300
Trading Account Income 0 0 0 0 0
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 2,392 5,036 5,286 4,682 4,916
Service Charges on Deposits 5,100 11,795 11,733 11,895 10,530
Gain on Sale of Loans (FAS 140) 1,903 2,573 1,829 1,688 1,842
Loan Fees & Charges 191 628 1,206 664 598
Bank-owned Life Insurance Revenue 762 NA 1,170 1,279 1,414
Insurance Revenue NA 133 144 74 2,346
Investment Banking & Brokerage 140 266 566 319 277
Other Noninterest Income 7,194 18,021 11,856 12,325 12,245
Total Noninterest Income 17,682 38,452 33,790 32,926 34,168
Realized Gain on Securities 225 44 4,502 3,120 34
Nonrecurring Revenue 0 0 0 0 12,822
Compensation & Benefits 30,295 54,827 50,658 50,116 50,091
Occupancy & Equipment 9,225 15,844 13,857 14,083 14,165
Marketing and Promotion Expense NA 1,347 2,251 1,916 2,042
Professional Fees NA 2,766 2,365 1,922 1,979
Tech & Communications Expense NA 6,432 9,440 8,232 7,766
Amrt of Intang & Goodwill Impair 814 923 433 479 627
Foreclosure & Repo 36 44 86 108 93
Other Expense 14,103 18,966 12,285 11,999 13,638
Total Noninterest Expense 54,473 101,149 91,375 88,855 90,401
Nonrecurring Expense 0 3,300 0 0 0
Pre-Provision Net Revenue 37,580 73,073 62,994 58,246 54,923
Non-FTE Pre-Provision Net Revenue 35,454 68,955 58,994 51,928 48,740
Net Income before Taxes 30,024 60,999 57,728 49,753 58,296
Provision for Taxes 5,919 12,127 11,145 20,622 19,883
Effective Tax Rate(%) 19.71 19.88 19.31 41.45 34.11
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 24,105 48,872 46,583 29,131 38,413
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 24,105 48,872 46,583 29,131 38,413
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 24,105 48,872 46,583 29,131 38,413
Net Income for Diluted EPS 24,105 48,872 46,583 29,131 38,413
EPS after Extra($) 1.76 3.80 3.80 2.38 3.12
EPS after Extra Growth(%) (2.80) 0 59.70 (23.70) 32.80
Pre-Provision Earnings per Share($) 2.05 4.24 3.80 2.76 2.57
Comprehensive Income
Net Income 24,105 48,872 46,583 29,131 38,413
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 17,016 15,953 (6,384) (540) (4,763)
Comprehensive Income 41,121 64,825 40,199 28,591 33,650
Interest Income Earned On:
Interest Earned on Loans NA 125,906 101,666 92,750 87,636
Int Inc: Securities NA 27,190 28,442 27,662 27,864
Int Inc: Other Earn Assets NA 143 116 101 63
Int Inc: Secs & Oth Earn Assets NA 27,333 28,558 27,763 27,927
Int Inc: Total Earn Assets 82,785 153,239 130,224 120,513 115,563
Interest Expense Incurred On:
Int Exp: CDs NA 5,864 2,550 2,216 2,173
Int Exp: Other Deposits NA 9,847 6,482 3,795 1,986
Int Exp: Total Deposits 7,549 15,711 9,032 6,011 4,159
Int Exp: Debt 865 1,758 613 327 248
Int Exp: Total Int-bearing Liab 8,414 17,469 9,645 6,338 4,407
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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