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Income Statement

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 98,842 98,707 105,185 422,796
Interest Expense 18,361 27,269 32,421 136,720
Net Interest Income 80,481 71,438 72,764 286,076
FTE Net Interest Income 83,747 71,624 72,953 286,741
Provision for Loan Losses 2,583 19,499 2,653 30,215
Trading Account Income 0 0 0 0
Foreign Exchange Income NA NA NA NA
Trust Revenue 44 26 23 75
Service Charges on Deposits 1,623 1,592 1,491 6,315
Gain on Sale of Loans (FAS 140) 4,019 (41) 821 1,932
Loan Fees & Charges 2,756 2,311 948 3,720
Bank-owned Life Insurance Revenue 581 533 533 2,176
Insurance Revenue 398 189 529 1,189
Investment Banking & Brokerage 0 0 0 0
Other Noninterest Income 2,126 (1,269) 1,338 4,128
Total Noninterest Income 11,547 3,341 5,683 19,535
Realized Gain on Securities 3,356 5,241 278 2,280
Nonrecurring Revenue 0 0 2,100 2,100
Compensation & Benefits 32,443 31,115 29,440 109,974
Occupancy & Equipment 10,668 7,687 7,883 31,847
Marketing and Promotion Expense 1,725 3,277 2,864 12,664
Professional Fees 15,073 9,177 6,303 33,652
Tech & Communications Expense 3,270 2,178 2,221 9,049
Amrt of Intang & Goodwill Impair 1,426 843 827 3,007
Foreclosure & Repo 8 (11) (183) (229)
Other Expense 19,996 5,534 9,201 30,190
Total Noninterest Expense 84,609 59,800 58,556 230,154
Nonrecurring Expense 5,287 0 3,983 2,631
Pre-Provision Net Revenue 10,685 15,165 20,080 76,122
Non-FTE Pre-Provision Net Revenue 7,419 14,979 19,891 75,457
Net Income before Taxes 2,905 721 15,633 46,991
Provision for Taxes (6,471) (6,353) 1,779 4,844
Effective Tax Rate(%) (222.75) NM 11.38 10.31
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 7,825 1,484 926 3,325
Net Income 17,201 8,558 14,780 45,472
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 17,201 8,558 14,780 45,472
Preferred Dividends 5,113 5,113 5,113 19,504
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income (366) (203) (289) (811)
Net Income Avail to Common 11,722 3,242 9,378 22,850
Net Income for Diluted EPS 11,722 3,242 9,378 22,850
EPS after Extra($) 0.23 0.06 0.18 0.45
EPS after Extra Growth(%) (36.10) (73.90) 28.60 (36.60)
Pre-Provision Earnings per Share($) (0.01) 0.12 0.20 0.73
Comprehensive Income
Net Income 17,201 8,558 14,780 45,472
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income (660) (17,265) (7,828) (29,840)
Comprehensive Income 16,541 (8,707) 6,952 15,632
Interest Income Earned On:
Interest Earned on Loans 72,773 75,098 81,496 329,937
Int Inc: Securities 27,239 21,631 21,455 83,567
Int Inc: Other Earn Assets 2,096 2,164 2,423 9,957
Int Inc: Secs & Oth Earn Assets 29,335 23,795 23,878 93,524
Int Inc: Total Earn Assets 102,108 98,893 105,374 423,461
Interest Expense Incurred On:
Int Exp: CDs 3,563 6,553 8,558 41,858
Int Exp: Other Deposits 10,397 10,242 11,757 49,378
Int Exp: Total Deposits 13,960 16,795 20,315 91,236
Int Exp: Debt 4,401 10,474 12,106 45,484
Int Exp: Total Int-bearing Liab 18,361 27,269 32,421 136,720
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.