Cass information systems, inc. (CASS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Fee Revenue and Other Income:
Information services payment and processing revenue

107,953

102,181

93,322

83,713

78,622

77,427

70,805

66,695

60,688

54,183

48,665

Bank service fees

1,386

1,335

1,349

1,276

1,223

1,132

1,215

1,272

1,354

1,410

1,324

Gains on sales of securities

19

-42

-

387

2,910

23

4,024

2,635

43

0

697

Other

711

602

841

760

613

1,325

528

536

739

553

552

Total fee revenue and other income

110,069

104,076

95,512

86,136

83,368

79,907

76,572

71,138

62,824

56,146

51,238

Interest Income:
Interest and fees on loans

36,461

32,477

28,641

29,063

28,669

29,726

32,110

35,525

39,515

39,785

36,003

Interest and dividends on securities:
Taxable

2,497

2,104

554

143

38

29

48

60

41

43

58

Exempt from federal income taxes

7,839

9,063

10,439

9,658

9,460

9,412

8,867

9,878

9,993

8,704

7,553

Interest on federal funds sold and other short-term investments

5,812

4,282

2,343

1,066

543

592

552

470

686

514

170

Total interest income

52,609

47,926

41,977

39,930

38,710

39,759

41,577

45,933

50,235

49,046

43,784

Interest Expense:
Interest on deposits

5,191

3,736

2,187

2,029

2,111

2,460

2,832

3,148

4,374

4,875

4,924

Interest on short-term borrowings

2

-

-

-

-

-

-

-

-

-

23

Interest on subordinated convertible debentures

-

-

-

-

-

-

-

-

-

-

106

Total interest expense

5,193

3,736

2,187

2,029

2,111

2,460

2,832

3,148

4,374

4,875

5,053

Net interest income

47,416

44,190

39,790

37,901

36,599

37,299

38,745

42,785

45,861

44,171

38,731

Provision for loan losses

250

-

-

-1,500

-850

0

500

2,400

2,150

4,100

2,050

Net interest income after provision for loan losses

47,166

44,190

39,790

39,401

37,449

37,299

38,245

40,385

43,711

40,071

36,681

Total net revenue

157,235

148,266

135,302

125,537

120,817

117,206

114,817

111,523

106,535

96,217

87,919

Operating Expense:
Salaries and employee benefits

91,083

85,881

77,339

72,581

70,314

66,100

65,722

62,563

56,573

51,368

50,614

Occupancy

3,918

3,723

3,480

3,390

3,400

3,172

2,874

2,157

2,318

2,485

2,396

Equipment

6,140

5,610

5,071

4,451

4,291

4,130

3,810

3,516

3,525

3,561

3,348

Amortization of intangible assets

563

442

427

408

408

483

535

581

107

107

222

Other operating expense

18,065

16,263

14,086

12,643

11,370

11,529

11,145

11,516

12,506

10,763

9,805

Total operating expense

119,769

111,919

100,403

93,473

89,783

85,414

84,086

80,333

75,029

68,284

66,385

Income before income tax expense

37,466

36,347

34,899

32,064

31,034

31,792

30,731

31,190

31,506

27,933

21,534

Income tax expense

7,062

6,079

9,885

7,716

7,978

7,759

7,234

7,887

8,497

7,623

5,405

Net income

30,404

30,268

25,014

24,348

23,056

24,033

23,497

23,303

23,009

20,310

16,129

Basic earnings per share

2.11

2.06

1.70

1.65

1.85

2.09

2.05

2.05

2.03

1.80

1.60

Diluted earnings per share

2.07

2.03

1.68

1.63

1.82

2.06

2.02

2.02

2.01

1.78

1.57