Desired Font Size:A A A

Income Statement

Email pagePDF viewPrint viewEmail AlertRSS FeedsTear sheetMobile IR SiteSocial media sharing
 2015 Y2016 Y2017 Y2018 Y
Source Document12/31/201712/31/201812/31/201812/31/2018
(in thousands)    
Interest Income 
Taxable 23,692NA29,79236,268
Tax exempt 35NA85154
Taxable 1,506NA2,0762,618
Tax exempt 694NA527439
Total interest income 25,927NA32,48039,479
Interest Expense 
Deposits 1,979NA3,4565,314
Repurchase agreements & other 17NA1537
Federal Home Loan Bank advances 375NA320460
Trust preferred securities 213NA303401
Total interest expense 2,584NA4,0946,212
Net Interest Income 23,343NA28,38633,267
Provision for loan losses 1,100NA400600
Net interest income after provision for loan losses 22,243NA27,98632,667
Noninterest Income 
Wealth management fees 2,606NA2,7772,871
Customer service fees 2,779NA2,6712,670
Gain on sale of mortgage loans & OMSR's 6,264NA7,1326,870
Mortgage loan servicing fees, net 1,025NA1,3161,296
Gain on sale of non-mortgage loans 947NA1,2721,230
Data service fees 1,190NA7380
Net gain on sales of securities 0NA11970
Gain on sale of assets 18NA635
Other 878NA1,1861,582
Total noninterest income 15,707NA17,21716,624
Noninterest Expense 
Salaries and employee benefits 14,917NA18,64620,620
Net occupancy expense 1,943NA2,2602,397
Equipment expense 2,223NA2,7602,889
Data processing fees 1,060NA1,5581,811
Professional fees 1,663NA1,7741,848
Marketing expense 594NA734884
Telephone and communications 387NA462495
Postage and delivery expense 801NA454286
State, local and other taxes NANA699719
Employee expense 543NA797912
Other expenses 2,796NA1,4341,986
Total noninterest expense 26,927NA31,57834,847
Income before income tax 11,023NA13,62514,444
Provision for income taxes 3,404NA2,5602,806
Net income 7,619NA11,06511,638
Preferred Share Dividends 956NA975975
Net Income available to Common Shareholders 6,663NA10,09010,663
Basic Earnings Per Common Share 1.36NA2.11.72
Diluted Earnings Per Common Share 1.19NA1.741.51
Consolidated Statements of Comprehensive Income 
Net income 7,6198,78411,06511,638
Available-for-sale investment securities 
Gross unrealized holding loss arising in the period (406)(1,170)(374)(590)
Related tax benefit 0398126124
Less - reclassification adjustment for gain realized in income 026211970
Related tax expense 138(89)(40)(15)
Net effect on other comprehensive income (268)(599)(169)(411)
Total comprehensive income 7,3518,18510,89611,227

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.

Copyright 2019, © S&P Global Market Intelligence  Terms of Use