Income Statement


Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Interest Income 3,585 4,775 5,179 21,538
Interest Expense 129 329 521 2,080
Net Interest Income 3,456 4,446 4,658 19,459
FTE Net Interest Income NA NA NA NA
Provision for Loan Losses 554 614 529 2,167
Trading Account Income 0 0 0 0
Foreign Exchange Income 0 0 0 0
Trust Revenue 0 0 0 0
Service Charges on Deposits 45 45 48 113
Gain on Sale of Loans (FAS 140) 211 195 86 666
Loan Fees & Charges 33 47 52 210
Bank-owned Life Insurance Revenue 12 22 23 91
Insurance Revenue 0 0 0 0
Investment Banking & Brokerage 0 0 0 0
Other Noninterest Income 90 106 202 653
Total Noninterest Income 391 415 411 1,733
Realized Gain on Securities 0 0 0 0
Nonrecurring Revenue 0 0 0 0
Compensation & Benefits 1,299 1,730 1,822 7,933
Occupancy & Equipment 125 143 168 747
Marketing and Promotion Expense 66 107 NA 369
Professional Fees 49 33 NA 277
Tech & Communications Expense 152 190 NA 801
Amrt of Intang & Goodwill Impair 0 0 0 0
Foreclosure & Repo 0 0 0 (5)
Other Expense 359 442 830 1,155
Total Noninterest Expense 2,050 2,645 2,820 11,277
Nonrecurring Expense 0 0 0 0
Pre-Provision Net Revenue 1,797 2,216 2,249 9,915
Non-FTE Pre-Provision Net Revenue 1,797 2,216 2,249 9,915
Net Income before Taxes 1,244 1,602 1,720 7,748
Provision for Taxes 482 450 484 1,986
Effective Tax Rate(%) 38.75 28.09 28.14 25.63
Min Int & Oth after-tax Items 0 0 0 0
Extraordinary Items 0 0 0 0
Net Income 762 1,152 1,236 5,762
Net Income Attributable to Noncontrolling Int 0 0 0 0
Net Income Attributable to Parent 762 1,152 1,236 5,762
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 762 1,152 1,236 5,762
Net Income for Diluted EPS 762 1,152 1,236 5,762
EPS after Extra($) 0.16 0.22 0.24 1.10
EPS after Extra Growth(%) 25 37.50 30.40 66.70
Pre-Provision Earnings per Share($) 0.25 0.33 0.34 1.50
Comprehensive Income
Net Income 762 1,152 1,236 5,762
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0
Total Other Comprehensive Income 14 (23) 1 (16)
Comprehensive Income 776 1,129 1,237 5,746
Interest Income Earned On:
Interest Earned on Loans 3,515 4,607 4,986 20,671
Int Inc: Securities 22 23 23 117
Int Inc: Other Earn Assets 48 145 170 750
Int Inc: Secs & Oth Earn Assets 70 168 193 867
Int Inc: Total Earn Assets 3,585 4,775 5,179 21,538
Interest Expense Incurred On:
Int Exp: CDs 38 139 163 471
Int Exp: Other Deposits 90 188 356 1,596
Int Exp: Total Deposits 128 327 519 2,067
Int Exp: Debt 1 2 2 13
Int Exp: Total Int-bearing Liab 129 329 521 2,080
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.