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Income Statement

  2013 Y 2014 Y 2015 Y 2016 Y
  12/31/2013 12/31/2014 12/31/2015 12/31/2016
   
Interest Income  88,976 111,293 165,114 209,537
Interest Expense  14,532 12,624 16,776 29,488
Net Interest Income  74,444 98,669 148,338 180,049
FTE Net Interest Income  76,714 100,617 150,404 183,177
   
Provision for Loan Losses  900 (1,000) 6,100 4,100
   
Trading Account Income  0 0 0 0
Foreign Exchange Income  0 0 0 0
Trust Revenue  0 0 0 0
Service Charges on Deposits  1,502 1,520 2,508 2,808
Gain on Sale of Loans (FAS 140)  164,712 144,122 236,388 307,313
Loan Fees & Charges  36,329 (7,168) 11,308 35,980
Bank-owned Life Insurance Revenue  NA 95 NA NA
Insurance Revenue  1,784 2,531 3,340 3,406
Investment Banking & Brokerage  0 0 0 0
Other Noninterest Income  (15,354) 42,199 15,161 7,104
Total Noninterest Income  188,973 183,299 268,705 356,611
   
Realized Gain on Securities  1,772 2,358 2,406 2,539
Nonrecurring Revenue  0 0 10,126 0
   
Compensation & Benefits  148,576 162,905 232,915 299,226
Occupancy & Equipment  13,763 18,583 24,545 30,350
Marketing and Promotion Expense  7,578 7,112 8,512 7,393
Professional Fees  4,782 3,623 3,489 5,193
Tech & Communications Expense  2,122 3,276 4,125 4,647
Amrt of Intang & Goodwill Impair  NA 1,095 1,924 2,166
Foreclosure & Repo  1,811 (470) 660 1,764
Other Expense  46,314 52,831 73,834 86,447
Total Noninterest Expense  224,946 248,955 350,004 437,186
   
Nonrecurring Expense  4,549 3,056 16,564 7,136
   
Pre-Provision Net Revenue  40,741 34,961 69,105 102,602
Non-FTE Pre-Provision Net Revenue  38,471 33,013 67,039 99,474
Net Income before Taxes  34,794 33,315 56,907 90,777
Provision for Taxes  10,985 11,056 15,588 32,626
Effective Tax Rate (%)   31.57 33.19 27.39 35.94
Min Int & Oth after-tax Items  0 0 0 0
Extraordinary Items  0 0 0 0
Net Income  23,809 22,259 41,319 58,151
Net Income Attributable to Noncontrolling Int  0 0 0 0
Net Income Attributable to Parent  23,809 22,259 41,319 58,151
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  23,809 22,259 41,319 58,151
   
Net Income for Diluted EPS  23,809 22,259 41,319 58,151
   
EPS after Extra ($)   1.61 1.49 1.96 2.34
EPS after Extra Growth (%)   (73.1) (7.5) 31.50 19.40
Pre-Provision Earnings per Share ($)   1.69 1.44 2.07 2.60
   
   
Comprehensive Income   
Net Income  23,809 22,259 41,319 58,151
Preferred Dividend Adjustment to Comprehensive Inc  0 0 0 0
Total Other Comprehensive Income  (21,184) 13,540 (3,995) (7,963)
Comprehensive Income  2,625 35,799 37,324 50,188
   
   
Interest Income/ Expense Detail   
   
Interest Income Earned On:   
Interest Earned on Loans  76,564 100,228 152,845 190,800
Int Inc: Securities  14,608 12,945 14,270 21,611
Int Inc: Other Earn Assets  73 58 67 254
Int Inc: Secs & Oth Earn Assets  14,681 13,003 14,337 21,865
Int Inc: Total Earn Assets  91,245 113,231 167,182 212,665
   
   
Interest Expense Incurred On:   
Int Exp: CDs  5,053 3,244 4,501 9,086
Int Exp: Other Deposits  5,369 6,237 7,475 10,323
Int Exp: Total Deposits  10,422 9,481 11,976 19,409
Int Exp: Debt  4,109 3,133 4,802 10,079
Int Exp: Total Int-bearing Liab  14,531 12,614 16,778 29,488