Income Statement

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Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Interest Income 45,532 42,632 38,659 36,554 33,185
Interest Expense 8,983 6,802 5,014 4,426 4,050
Net Interest Income 36,549 35,830 33,645 32,128 29,135
FTE Net Interest Income 37,144 36,617 35,424 34,019 30,874
Provision for Loan Losses 1,250 500 500 1,150 1,450
Trading Account Income 0 0 6 (92) (9)
Foreign Exchange Income 0 0 0 0 0
Trust Revenue 1,411 1,348 1,183 1,086 1,056
Service Charges on Deposits 3,648 3,757 3,404 3,354 2,925
Gain on Sale of Loans (FAS 140) 1,552 1,560 1,727 2,098 1,488
Loan Fees & Charges 140 233 315 71 206
Bank-owned Life Insurance Revenue 439 262 0 0 0
Insurance Revenue 646 453 433 488 425
Investment Banking & Brokerage 543 665 818 778 597
Other Noninterest Income 5,003 4,932 4,670 4,079 3,491
Total Noninterest Income 13,382 13,210 12,556 11,862 10,179
Realized Gain on Securities 857 (65) 52 287 412
Nonrecurring Revenue 0 (9) 1,200 0 888
Compensation & Benefits 19,187 18,938 18,002 17,930 16,583
Occupancy & Equipment 4,066 3,944 3,773 3,772 3,781
Marketing and Promotion Expense 824 859 726 925 1,003
Professional Fees 1,183 908 1,082 1,628 1,050
Tech & Communications Expense NA 4,090 3,942 3,598 3,381
Amrt of Intang & Goodwill Impair 102 130 160 247 205
Foreclosure & Repo NA (75) 175 273 411
Other Expense 9,946 5,588 5,213 5,412 4,530
Total Noninterest Expense 35,308 34,382 33,073 33,785 30,944
Nonrecurring Expense 0 0 0 0 858
Pre-Provision Net Revenue 15,218 15,445 14,907 12,096 10,109
Non-FTE Pre-Provision Net Revenue 14,623 14,658 13,128 10,205 8,370
Net Income before Taxes 14,230 14,084 13,880 9,342 7,362
Provision for Taxes 1,077 1,654 3,163 773 530
Effective Tax Rate(%) 7.57 11.74 22.79 8.27 7.20
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 13,153 12,430 10,717 8,569 6,832
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 13,153 12,430 10,717 8,569 6,832
Preferred Dividends 0 0 0 0 0
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 13,153 12,430 10,717 8,569 6,832
Net Income for Diluted EPS 13,153 12,430 10,717 8,569 6,832
EPS after Extra($) 2.21 2.09 1.81 1.43 1.20
EPS after Extra Growth(%) 5.70 15.80 26.20 19.20 (7.70)
Pre-Provision Earnings per Share($) 1.94 1.95 1.44 1.11 0.96
Comprehensive Income
Net Income 13,153 12,430 10,717 8,569 6,832
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income 4,391 (2,481) 123 (1,315) (432)
Comprehensive Income 17,544 9,949 10,840 7,254 6,400
Interest Income Earned On:
Interest Earned on Loans 37,358 34,375 31,506 30,574 27,442
Int Inc: Securities NA NA 8,682 7,732 7,425
Int Inc: Other Earn Assets NA NA 250 139 57
Int Inc: Secs & Oth Earn Assets 8,769 9,044 8,932 7,871 7,482
Int Inc: Total Earn Assets 46,127 43,419 40,438 38,445 34,924
Interest Expense Incurred On:
Int Exp: CDs 3,311 2,039 1,571 1,452 1,512
Int Exp: Other Deposits 2,929 2,202 1,123 759 512
Int Exp: Total Deposits 6,240 4,241 2,694 2,211 2,024
Int Exp: Debt 2,743 2,561 2,320 2,215 2,026
Int Exp: Total Int-bearing Liab 8,983 6,802 5,014 4,426 4,050
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.