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Income Statement

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 2015 Y2016 Y2017 Y2018 Y2019 Q1 YTD
Source Document12/31/201712/31/201812/31/201812/31/20183/31/2019
(in thousands)     
Interest Income 
Taxable 23,692NA29,79236,2689,427
Tax exempt 35NA8515462
Taxable 1,506NA2,0762,618911
Tax exempt 694NA52743998
Total interest income 25,927NA32,48039,47910,498
Interest Expense 
Deposits 1,979NA3,4565,3141,918
Repurchase agreements & other 17NA153726
Federal Home Loan Bank advance expense 375NA320460100
Trust preferred securities expense 213NA303401114
Total interest expense 2,584NA4,0946,2122,158
Net Interest Income 23,343NA28,38633,2678,340
Provision for loan losses 1,100NA4006000
Net interest income after provision for loan losses 22,243NA27,98632,6678,340
Noninterest Income 
Wealth management fees 2,606NA2,7772,871734
Customer service fees 2,779NA2,6712,670631
Gain on sale of mortgage loans & OMSR 6,264NA7,1326,8701,192
Mortgage loan servicing fees, net 1,025NA1,3161,296(280)
Gain on sale of non-mortgage loans 947NA1,2721,230327
Data service fees 1,190NA7380NA
Net gain on sales of securities 0NA11970NA
Title insurance income NANANANA19
Loss on sale/disposal of assets 18NA635(2)
Other income 878NA1,1861,582379
Total noninterest income 15,707NA17,21716,6243,000
Noninterest Expense 
Salaries and employee benefits 14,917NA18,64620,6204,902
Net occupancy expense 1,943NA2,2602,397645
Equipment expense 2,223NA2,7602,889711
Data processing fees 1,060NA1,5581,811443
Professional fees 1,663NA1,7741,848617
Marketing expense 594NA734884239
Telephone and communications 387NA462495115
Postage and delivery expense 801NA45428684
State, local and other taxes NANA699719255
Employee expense 543NA797912153
Other expenses 2,796NA1,4341,986462
Total noninterest expense 26,927NA31,57834,8478,626
Income before income tax 11,023NA13,62514,4442,714
Provision for income taxes 3,404NA2,5602,806488
Net Income 7,619NA11,06511,6382,226
Preferred Share Dividends 956NA975975244
Net Income available to Common Shareholders 6,663NA10,09010,6631,982
Basic Earnings Per Common Share 1.36NA2.11.720.31
Diluted Earnings Per Common Share 1.19NA1.741.510.28
Average common shares outstanding 
Basic NANANANA6,482
Diluted NANANANA7,994
Condensed Consolidated Statements of Comprehensive Income 
Net income 7,6198,78411,06511,6382,226
Available for sale investment securities 
Unrealized holding gain (loss) arising in the period (406)(1,170)(374)(590)856
Related tax benefit 0398126124NA
Less - reclassification adjustment for gain realized in income 026211970NA
Related tax (expense) benefit 138(89)(40)(15)(180)
Net effect on other comprehensive income (268)(599)(169)(411)676
Total comprehensive income 7,3518,18510,89611,2272,902

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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