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 14,190 28,307 23,957 20,790 18,596
Interest Expense 1,674 3,234 2,547 2,040 1,699
Net Interest Income 12,515 25,073 21,410 18,750 16,897
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 1,000 1,687 1,128 383 200
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 2,262 4,887 4,359 NA NA
Gain on Sale of Loans (FAS 140) NA 697 572 666 557
Loan Fees & Charges 548 986 833 954 712
Bank-owned Life Insurance Revenue 162 328 333 294 281
Insurance Revenue NA NA NA NA NA
Investment Banking & Brokerage NA NA NA NA NA
Other Noninterest Income 749 1,294 563 4,747 4,142
Total Noninterest Income 3,721 8,192 6,661 6,661 5,692
Realized Gain on Securities 216 118 (82) 56 246
Nonrecurring Revenue 7,359 2,360 6,235 0 0
Compensation & Benefits 6,838 12,609 11,687 10,273 9,956
Occupancy & Equipment 1,293 2,124 1,803 1,794 1,960
Marketing and Promotion Expense NA 652 456 376 329
Professional Fees NA NA NA NA NA
Tech & Communications Expense NA 1,767 1,813 1,797 1,631
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo NA (55) 341 639 70
Other Expense 3,964 4,498 4,092 3,828 3,523
Total Noninterest Expense 12,095 21,595 20,191 18,707 17,468
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 4,141 11,670 7,880 6,704 5,121
Non-FTE Pre-Provision Net Revenue 4,141 11,670 7,880 6,704 5,121
Net Income before Taxes 10,717 12,460 12,905 6,378 5,168
Provision for Taxes 2,406 2,680 2,917 2,883 1,632
Effective Tax Rate(%) 22.45 21.51 22.60 45.20 31.58
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 8,311 9,780 9,988 3,495 3,536
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 8,311 9,780 9,988 3,495 3,536
Preferred Dividends 0 0 0 0 207
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 8,311 9,780 9,988 3,495 3,329
Net Income for Diluted EPS 8,311 9,780 9,988 3,495 3,329
EPS after Extra($) 2.24 2.86 4.09 1.44 1.38
EPS after Extra Growth(%) 67.20 (30.10) 184 4.30 25.50
Pre-Provision Earnings per Share($) 0.88 2.70 2.55 1.80 1.29
Comprehensive Income
Net Income 8,311 9,780 9,988 3,495 3,536
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 1,805 3,319 (1,160) 647 (1,880)
Comprehensive Income 10,116 13,099 8,828 4,143 1,656
Interest Income Earned On:
Interest Earned on Loans 12,489 23,973 20,153 17,169 15,556
Int Inc: Securities 1,414 3,274 3,173 3,314 2,804
Int Inc: Other Earn Assets 287 1,059 631 307 235
Int Inc: Secs & Oth Earn Assets 1,701 4,334 3,804 3,622 3,040
Int Inc: Total Earn Assets 14,190 28,307 23,957 20,790 18,596
Interest Expense Incurred On:
Int Exp: CDs NA 1,862 1,300 1,111 1,093
Int Exp: Other Deposits NA 833 602 394 299
Int Exp: Total Deposits 1,375 2,695 1,903 1,505 1,393
Int Exp: Debt 299 538 644 535 307
Int Exp: Total Int-bearing Liab 1,674 3,234 2,547 2,040 1,699
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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