Guaranty bancorp (GBNK)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest income:
Loans, including costs and fees

118,674

87,249

70,188

62,819

57,435

57,326

59,985

76,462

Investment securities:
Taxable

9,264

7,625

8,325

9,178

9,432

8,746

11,277

7,701

Tax-exempt

4,933

3,683

2,852

2,708

2,990

2,558

2,066

2,662

Dividends

1,290

1,063

959

807

664

631

653

723

Federal funds sold and other

141

233

6

8

117

304

332

389

Total interest income

134,302

99,853

82,330

75,520

70,638

69,565

74,313

87,937

Interest expense:
Deposits

7,344

4,859

3,207

2,464

2,490

2,878

6,746

15,602

Securities sold under agreement to repurchase

71

52

45

40

49

67

74

132

Borrowings

2,648

2,549

1,285

3,403

3,407

3,327

4,727

5,267

Subordinated debentures

3,440

2,005

814

800

1,122

2,882

2,872

2,581

Total interest expense

13,503

9,465

5,351

6,707

7,068

9,154

14,419

23,582

Net interest income

120,799

90,388

76,979

68,813

63,570

60,411

59,894

64,355

Provision for loan losses

992

143

96

14

296

-2,000

5,000

34,400

Net interest income, after provision for loan losses

119,807

90,245

76,883

68,799

63,274

62,411

54,894

29,955

Noninterest income:
Deposit service and other fees

13,951

10,447

8,941

9,066

8,825

8,158

8,210

9,241

Investment management and trust

6,005

5,452

5,189

4,380

2,904

1,751

1,203

-

Increase in cash surrender value of life insurance

2,559

2,005

1,758

1,295

1,018

576

609

-

Gain (loss) on sale of securities

-6

-73

132

28

-11

2,527

3,703

313

Gain on sale of SBA loans

1,256

873

824

798

725

203

-

1,196

Other

1,679

553

336

1,128

338

376

220

852

Total impairment loss

-

-

-

-

-

-

-

3,500

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

3,500

Total noninterest income

25,444

19,257

17,180

16,695

13,799

13,591

13,945

8,102

Noninterest expense:
Salaries and employee benefits

46,762

40,946

33,564

32,766

29,581

26,769

26,059

26,042

Occupancy expense

6,664

5,887

6,312

6,308

6,289

7,253

7,513

7,399

Furniture and equipment

3,898

3,070

3,007

2,759

2,943

3,143

3,508

3,720

Amortization of intangible assets

2,745

1,557

1,981

2,506

2,818

3,138

4,091

5,168

Other real estate owned, net

174

31

80

367

-1,160

4,370

1,559

14,909

Insurance and assessments

2,666

2,314

2,398

2,355

2,519

3,137

4,053

6,569

Professional fees

4,129

3,639

3,220

3,520

3,618

4,089

3,528

3,117

Impairment of long-lived assets

394

185

122

186

-

2,750

-

-

Prepayment penalty on debt extinguishment

-

-

-

-5,459

-629

-

2,672

-

Other general and administrative

19,363

15,158

9,655

9,520

9,451

9,465

9,504

8,762

Total noninterest expense

86,795

72,787

60,339

65,746

56,688

64,114

62,487

75,686

Income before income taxes

58,456

36,715

33,724

19,748

20,385

11,888

6,352

-37,629

Income tax expense

19,832

11,988

11,270

6,236

6,356

-3,171

-

-6,290

Net income

38,624

24,727

22,454

13,512

14,029

15,059

6,352

-31,339

Net income (loss) attributable to common stockholders

-

-

-

-

-

-

-13,454

-36,963

Earnings per common share-basic:

1.38

1.06

1.07

0.64

0.67

0.72

-1.04

-0.72

Earnings per common share-diluted:

1.36

1.05

1.06

0.64

0.67

0.72

-1.04

-0.72

Dividends declared per common share:

0.50

0.46

0.40

0.20

0.08

-

-

-

Weighted average common shares outstanding-basic:

28,056

23,267

21,065

20,957

20,867

20,786

12,988

51,671

Weighted average common shares outstanding-diluted:

28,343

23,559

21,272

21,086

20,951

20,878

12,988

51,671