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Income Statement
Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 4,026 4,316 4,409 17,921
Interest Expense 470 520 468 2,185
Net Interest Income 3,556 3,796 3,941 15,736
FTE Net Interest Income 3,644 NA NA NA
Provision for Loan Losses 250 25 30 280
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 0 0 0
Service Charges on Deposits 92 137 133 559
Gain on Sale of Loans (FAS 140) 223 NA NA NA
Loan Fees & Charges NA NA NA NA
Bank-owned Life Insurance Revenue 61 58 57 232
Insurance Revenue 0 0 0 0
Investment Banking & Brokerage 29 29 55 167
Other Noninterest Income 231 456 522 2,515
Total Noninterest Income 636 680 767 3,473
Realized Gain on Securities (1) (1) (1) (6)
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 1,693 1,685 1,667 6,793
Occupancy & Equipment 492 486 452 1,906
Marketing and Promotion Expense 101 187 207 710
Professional Fees 200 182 220 990
Tech & Communications Expense 273 239 354 1,168
Amrt of Intang & Goodwill Impair 0 0 0 0
Foreclosure & Repo 0 NA NA NA
Other Expense 574 530 516 2,246
Total Noninterest Expense 3,333 3,309 3,416 13,813
Nonrecurring Expense 0 0 0 0
Pre-Provision Net Revenue 947 1,167 1,292 5,396
Non-FTE Pre-Provision Net Revenue 859 1,167 1,292 5,396
Net Income before Taxes 608 1,141 1,261 5,110
Provision for Taxes 106 207 248 995
Effective Tax Rate(%) 17.43 18.14 19.67 19.47
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 502 934 1,013 4,115
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 502 934 1,013 4,115
Preferred Dividends 0 0 0 0
Other Preferred Dividends after Net Income 0 0 0 0
Other Changes to Net Income 0 0 0 0
Net Income Avail to Common 502 934 1,013 4,115
Net Income for Diluted EPS 502 934 1,013 4,115
EPS after Extra($) 0.37 0.68 0.74 3.01
EPS after Extra Growth(%) 146.70 83.80 76.20 75
Pre-Provision Earnings per Share($) 0.41 0.67 0.75 3.12
Comprehensive Income
Net Income 502 934 1,013 4,115
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 120 (749) (122) (554)
Comprehensive Income 622 185 891 3,561
Interest Income Earned On:
Interest Earned on Loans 3,711 3,872 4,011 16,039
Int Inc: Securities 373 284 275 1,076
Int Inc: Other Earn Assets 30 160 123 806
Int Inc: Secs & Oth Earn Assets 403 444 398 1,882
Int Inc: Total Earn Assets 4,114 4,316 4,409 17,921
Interest Expense Incurred On:
Int Exp: CDs 146 NA NA NA
Int Exp: Other Deposits 119 NA NA NA
Int Exp: Total Deposits 265 384 330 1,635
Int Exp: Debt 205 136 138 550
Int Exp: Total Int-bearing Liab 470 520 468 2,185
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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