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Income Statement
Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 9,028 17,922 16,911 15,145 12,484
Interest Expense 1,173 2,185 2,138 1,594 728
Net Interest Income 7,855 15,737 14,773 13,551 11,756
FTE Net Interest Income NA NA 15,063 13,830 12,028
Provision for Loan Losses 35 280 645 911 278
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 244 559 371 379 400
Gain on Sale of Loans (FAS 140) NA 666 981 1,666 1,329
Loan Fees & Charges NA 613 NA NA NA
Bank-owned Life Insurance Revenue 112 232 240 241 205
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 85 167 176 194 216
Other Noninterest Income 1,031 1,236 1,359 625 840
Total Noninterest Income 1,472 3,473 3,127 3,105 2,990
Realized Gain on Securities 87 (6) (4) 91 132
Nonrecurring Revenue 0 0 0 0 0
Compensation & Benefits 3,389 6,793 7,017 7,499 6,872
Occupancy & Equipment 873 1,906 1,914 1,950 1,793
Marketing and Promotion Expense 402 710 610 605 442
Professional Fees 200 990 716 479 571
Tech & Communications Expense 691 1,168 1,110 1,118 981
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo NA (37) 13 0 (9)
Other Expense 1,211 2,283 2,513 2,416 2,300
Total Noninterest Expense 6,766 13,813 13,893 14,067 12,950
Nonrecurring Expense 778 0 0 0 0
Pre-Provision Net Revenue 2,561 5,397 4,297 2,868 2,068
Non-FTE Pre-Provision Net Revenue 2,561 5,397 4,007 2,589 1,796
Net Income before Taxes 1,835 5,111 3,358 1,769 1,650
Provision for Taxes 310 995 1,004 277 241
Effective Tax Rate(%) 16.89 19.47 29.90 15.66 14.61
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 1,525 4,116 2,354 1,492 1,409
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 1,525 4,116 2,354 1,492 1,409
Preferred Dividends 0 0 0 0 108
Other Preferred Dividends after Net Income 0 0 0 0 0
Other Changes to Net Income NA (48) (23) 0 0
Net Income Avail to Common 1,525 4,068 2,331 1,492 1,301
Net Income for Diluted EPS NA 4,068 2,331 1,492 1,301
EPS after Extra($) 1.11 2.97 1.71 1.10 1.36
EPS after Extra Growth(%) (21.30) 73.70 55.50 (19.10) 72.20
Pre-Provision Earnings per Share($) 1.47 3.08 1.89 1.24 1.11
Comprehensive Income
Net Income 1,525 4,116 2,354 1,492 1,409
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 776 (554) 192 (374) (211)
Comprehensive Income 2,301 3,562 2,546 1,118 1,198
Interest Income Earned On:
Interest Earned on Loans 8,214 16,039 15,496 13,725 10,929
Int Inc: Securities 454 1,076 1,475 1,640 1,789
Int Inc: Other Earn Assets 360 807 230 59 38
Int Inc: Secs & Oth Earn Assets 814 1,883 1,705 1,699 1,827
Int Inc: Total Earn Assets 9,028 17,922 17,201 15,424 12,756
Interest Expense Incurred On:
Int Exp: CDs NA NA 617 482 420
Int Exp: Other Deposits NA NA 709 399 195
Int Exp: Total Deposits 901 1,635 1,326 881 615
Int Exp: Debt 272 550 812 713 113
Int Exp: Total Int-bearing Liab 1,173 2,185 2,138 1,594 728
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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