Income Statement

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 20,806 23,957 20,790 18,596 17,258
Interest Expense 2,383 2,547 2,040 1,699 1,622
Net Interest Income 18,423 21,410 18,750 16,897 15,636
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 797 1,128 383 200 295
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 1,808 NA NA NA NA
Gain on Sale of Loans (FAS 140) NA 572 666 557 381
Loan Fees & Charges 724 833 954 712 485
Bank-owned Life Insurance Revenue 246 333 294 281 283
Insurance Revenue NA NA NA NA NA
Investment Banking & Brokerage NA NA NA NA NA
Other Noninterest Income 5,136 4,923 4,747 4,142 4,313
Total Noninterest Income 7,914 6,661 6,661 5,692 5,462
Realized Gain on Securities 118 (82) 56 246 128
Nonrecurring Revenue 0 6,235 0 0 0
Compensation & Benefits 9,548 11,687 10,273 9,956 9,523
Occupancy & Equipment 1,579 1,803 1,794 1,960 1,907
Marketing and Promotion Expense NA 456 376 329 261
Professional Fees NA NA NA NA NA
Tech & Communications Expense NA 1,813 1,797 1,631 1,745
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo NA 341 639 70 194
Other Expense 5,170 4,092 3,828 3,523 3,276
Total Noninterest Expense 16,296 20,191 18,707 17,468 16,906
Nonrecurring Expense 0 0 0 0 0
Pre-Provision Net Revenue 10,041 7,880 6,704 5,121 4,192
Non-FTE Pre-Provision Net Revenue 10,041 7,880 6,704 5,121 4,192
Net Income before Taxes 9,362 12,905 6,378 5,168 4,026
Provision for Taxes 2,019 2,917 2,883 1,632 1,183
Effective Tax Rate(%) 21.57 22.60 45.20 31.58 29.38
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 7,343 9,988 3,495 3,536 2,843
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 7,343 9,988 3,495 3,536 2,843
Preferred Dividends 0 0 0 207 206
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 7,343 9,988 3,495 3,329 2,637
Net Income for Diluted EPS 7,343 9,988 3,495 3,329 2,637
EPS after Extra($) 2.40 4.09 1.44 1.38 1.10
EPS after Extra Growth(%) (30.40) 184 4.30 25.50 46.70
Pre-Provision Earnings per Share($) 2.59 2.55 1.80 1.29 1.05
Comprehensive Income
Net Income 7,343 9,988 3,495 3,536 2,843
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 3,645 (1,160) 647 (1,880) 71
Comprehensive Income 10,988 8,828 4,143 1,656 2,914
Interest Income Earned On:
Interest Earned on Loans 17,544 20,153 17,169 15,556 14,807
Int Inc: Securities 2,513 3,173 3,314 2,804 2,350
Int Inc: Other Earn Assets 749 631 307 235 101
Int Inc: Secs & Oth Earn Assets 3,263 3,804 3,622 3,040 2,451
Int Inc: Total Earn Assets 20,806 23,957 20,790 18,596 17,258
Interest Expense Incurred On:
Int Exp: CDs NA 1,300 1,111 1,093 1,059
Int Exp: Other Deposits NA 602 394 299 298
Int Exp: Total Deposits 1,952 1,903 1,505 1,393 1,356
Int Exp: Debt 431 644 535 307 265
Int Exp: Total Int-bearing Liab 2,383 2,547 2,040 1,699 1,622
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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