Financial institutions inc (FISI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Interest and fees on loans

149,873

130,703

106,282

92,296

83,575

82,453

81,468

81,123

77,105

75,877

72,706

Interest and dividends on investment securities

18,532

21,601

23,755

22,917

21,875

18,602

17,463

16,444

18,013

20,622

21,694

Other interest income

395

428

73

18

-

-

-

-

-

-

-

Other interest income

-

-

-

-

-

-

-

-

-

10

82

Total interest income

168,800

152,732

130,110

115,231

105,450

101,055

98,931

97,567

95,118

96,509

94,482

Interest expense:
Deposits

28,494

19,055

11,093

8,458

7,306

6,366

6,600

8,462

11,434

14,853

19,090

Short-term borrowings

7,923

8,342

3,931

1,612

1,081

915

737

589

500

365

270

Long-term borrowings

2,471

2,471

2,471

2,471

1,750

0

0

0

1,321

2,502

2,857

Total interest expense

38,888

29,868

17,495

12,541

10,137

7,281

7,337

9,051

13,255

17,720

22,217

Net interest income

129,912

122,864

112,615

102,690

95,313

93,774

91,594

88,516

81,863

78,789

72,265

Provision for loan losses

8,044

8,934

13,361

9,638

7,381

7,789

9,079

7,128

7,780

6,687

7,702

Net interest income after provision for credit losses

121,868

113,930

99,254

93,052

87,932

85,985

82,515

81,388

74,083

72,102

64,563

Noninterest income:
Service charges on deposits

7,241

7,120

7,391

7,280

-

-

-

-

-

-

-

Service charges on deposits

-

-

-

-

7,742

8,954

9,948

8,627

8,679

9,585

10,065

Insurance income

4,570

4,930

5,266

5,396

5,166

2,399

262

324

-

-

-

ATM and debit card

6,779

6,152

5,721

5,687

5,084

4,963

5,098

4,716

4,359

3,995

3,610

Investment advisory

9,187

8,123

6,104

5,208

2,193

2,138

2,345

2,104

1,829

1,283

1,022

Company owned life insurance

1,758

1,793

1,781

2,808

1,962

1,753

1,706

1,751

1,424

1,107

1,096

Investments in limited partnerships

352

1,203

110

300

895

1,103

857

798

-

-

-

Loan servicing

432

441

439

436

-

-

-

-

-

-

-

Income from derivative instruments, net

2,274

972

131

-

-

-

-

-

-

-

-

Loan servicing

-

-

-

-

503

568

570

617

835

1,124

1,308

Net gain on sale of loans held for sale

1,352

796

376

240

249

313

117

1,421

880

650

699

Net gain (loss) on investment securities

1,677

-127

1,260

2,695

-

-

-

-

-

-

-

Net gain on investment securities

-

-

-

-

1,988

2,041

1,226

2,651

3,003

169

3,429

Net gain on other assets

29

50

37

313

27

69

-103

-381

-

-

-

Loss on tax credit investments

-528

-

-

-

-

-

-

-

-

-

-

Amortization of tax credit investment

-

-

-

-

390

2,323

-

-

-

-

-

Contingent consideration liability adjustment

-

-

1,200

1,170

1,093

-

-

-

-

-

-

Impairment charges on investment securities

-

-

-

-

-

-

-

91

18

594

4,666

Net (loss) gain on sale and disposal of other assets

-

-

-

-

-

-

-

-

67

-203

180

Other

5,258

5,025

4,914

4,227

3,825

3,372

2,807

2,240

2,867

2,338

2,052

Total noninterest income

40,381

36,478

34,730

35,760

30,337

25,350

24,833

24,777

23,925

19,454

18,795

Noninterest expense:
Salaries and employee benefits

56,330

54,643

48,675

45,215

42,439

38,595

37,828

40,127

35,743

32,844

33,634

Occupancy and equipment

18,266

17,338

16,293

14,529

13,856

12,829

12,366

11,419

10,868

10,818

-

Occupancy and equipment

-

-

-

-

-

-

-

-

-

-

11,062

Professional services

5,424

3,912

4,083

5,782

3,681

4,760

3,836

4,133

2,617

2,197

2,524

Computer and data processing

5,269

5,122

4,935

4,451

4,267

3,016

2,848

3,271

2,437

2,487

2,340

Supplies and postage

2,036

2,032

2,003

2,047

2,155

2,053

2,342

2,497

1,778

1,772

1,846

FDIC assessments

1,005

1,975

1,817

1,735

1,719

1,592

1,464

1,300

1,513

2,507

3,651

Advertising and promotions

3,577

3,582

2,171

2,097

1,986

972

896

929

1,259

1,121

949

Amortization of intangibles

1,250

1,257

1,170

1,249

942

-

-

-

-

-

-

Goodwill impairment

0

2,350

1,575

0

751

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-1,083

-

-

Other

9,671

8,665

7,791

7,566

7,597

8,538

7,861

7,721

6,496

7,171

6,771

Total noninterest expense

102,828

100,876

90,513

84,671

79,393

72,355

69,441

71,397

63,794

60,917

62,777

Income before income taxes

59,421

49,532

43,471

44,141

38,876

38,980

37,907

-

-

-

-

Income before income taxes

-

-

-

-

-

-

-

34,768

34,214

30,639

20,581

Income tax expense

10,559

10,006

9,945

12,210

10,539

9,625

12,377

11,319

11,415

9,352

6,140

Net income

48,862

39,526

33,526

31,931

28,337

29,355

25,530

-

-

-

-

Preferred stock dividends

1,461

1,461

1,462

1,462

1,462

1,462

1,466

-

-

-

-

Net income

-

-

-

-

-

-

-

23,449

22,799

21,287

14,441

Preferred stock dividends

-

-

-

-

-

-

-

1,474

1,877

3,358

3,160

Accretion of discount on Series A preferred stock

-

-

-

-

-

-

-

-

1,305

367

-

Accretion of discount on Series A preferred stock

-

-

-

-

-

-

-

-

-

-

537

Net income available to common shareholders

47,401

38,065

32,064

30,469

26,875

27,893

24,064

21,975

19,617

17,562

10,744

Earnings per common share (Note 2):
Basic

2.97

2.39

2.13

2.11

1.91

2.01

1.75

1.60

1.50

1.62

0.99

Diluted

2.96

2.39

2.13

2.10

1.90

2.00

1.75

1.60

1.49

1.61

0.99

Cash dividends declared per common share

1.00

0.96

0.85

0.81

0.80

0.77

0.74

0.57

0.47

0.40

0.40

Weighted average common shares outstanding:
Basic

15,972

15,910

15,044

14,436

14,081

13,893

13,739

13,696

13,067

10,767

10

Diluted

16,031

15,956

15,085

14,491

14,135

13,946

13,784

13,751

13,157

10,845

10