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Income Statement

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Interest Income 10,379 18,986 16,234 12,951 10,773
Interest Expense 1,667 3,569 2,307 1,181 830
Net Interest Income 8,712 15,417 13,927 11,770 9,943
FTE Net Interest Income NA NA NA NA NA
Provision for Loan Losses 1,863 1,131 591 256 424
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 108 288 333 322 250
Gain on Sale of Loans (FAS 140) 367 667 447 435 813
Loan Fees & Charges NA NA NA NA NA
Bank-owned Life Insurance Revenue 80 178 66 46 49
Insurance Revenue 0 0 0 0 0
Investment Banking & Brokerage 0 0 0 0 0
Other Noninterest Income 226 394 309 351 416
Total Noninterest Income 781 1,527 1,155 1,154 1,528
Realized Gain on Securities 0 7 0 (1) 102
Nonrecurring Revenue 0 0 0 0 0
Compensation & Benefits 3,164 6,095 5,106 4,236 4,131
Occupancy & Equipment 719 1,236 932 947 907
Marketing and Promotion Expense 301 743 677 574 487
Professional Fees 174 374 374 320 346
Tech & Communications Expense NA NA NA NA 102
Amrt of Intang & Goodwill Impair 0 0 0 0 0
Foreclosure & Repo NA 0 0 0 0
Other Expense 1,399 2,569 2,140 2,038 1,739
Total Noninterest Expense 5,757 11,017 9,229 8,115 7,712
Nonrecurring Expense 0 169 0 0 0
Pre-Provision Net Revenue 3,736 5,927 5,853 4,809 3,759
Non-FTE Pre-Provision Net Revenue 3,736 5,927 5,853 4,809 3,759
Net Income before Taxes 1,873 4,634 5,262 4,552 3,437
Provision for Taxes 437 1,092 1,220 1,735 1,217
Effective Tax Rate(%) 23.33 23.56 23.19 38.12 35.41
Min Int & Oth after-tax Items 0 0 0 0 0
Extraordinary Items 0 0 0 0 0
Net Income 1,436 3,542 4,042 2,817 2,220
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent 1,436 3,542 4,042 2,817 2,220
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 1,436 3,542 4,042 2,817 2,220
Net Income for Diluted EPS 1,436 3,542 4,042 2,817 2,220
EPS after Extra($) 0.45 1.12 1.29 1.04 1.11
EPS after Extra Growth(%) (13.50) (13.20) 24 (6.30) 27.60
Pre-Provision Earnings per Share($) 0.92 1.48 1.48 1.15 1.22
Comprehensive Income
Net Income 1,436 3,542 4,042 2,817 2,220
Preferred Dividend Adjustment to Comprehensive Inc 0 0 0 0 0
Total Other Comprehensive Income NA 756 (260) (63) (289)
Comprehensive Income NA 4,298 3,782 2,754 1,931
Interest Income Earned On:
Interest Earned on Loans 9,273 16,188 14,469 11,589 9,956
Int Inc: Securities NA NA NA NA NA
Int Inc: Other Earn Assets NA NA NA NA NA
Int Inc: Secs & Oth Earn Assets 1,106 2,798 1,765 1,362 817
Int Inc: Total Earn Assets 10,379 18,986 16,234 12,951 10,773
Interest Expense Incurred On:
Int Exp: CDs 680 1,115 483 153 105
Int Exp: Other Deposits 956 2,445 1,824 1,028 724
Int Exp: Total Deposits 1,636 3,560 2,307 1,181 829
Int Exp: Debt 31 9 0 0 1
Int Exp: Total Int-bearing Liab 1,667 3,569 2,307 1,181 830
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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