Green bancorp, inc. (GNBC)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
INTEREST INCOME:
Loans, including fees

46,612

44,479

41,799

39,870

39,549

38,476

36,371

36,469

37,897

37,711

37,345

37,693

22,601

22,252

21,659

21,414

18,745

17,986

16,976

16,121

16,025

Securities

4,277

4,734

4,558

4,446

4,337

3,928

2,583

1,151

989

988

1,081

1,079

809

838

878

986

954

1,024

1,029

870

779

Other investments

360

341

300

241

221

197

188

184

199

205

173

119

111

113

110

111

82

81

78

80

78

Deposits in financial institutions and fed funds sold

651

659

493

671

432

331

409

523

347

158

124

106

78

53

55

47

36

32

24

75

97

Federal funds sold

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

Total interest income

51,900

50,213

47,150

45,228

44,539

42,932

39,551

38,326

39,432

39,062

38,724

38,997

23,599

23,256

22,702

22,558

19,817

19,123

18,107

17,146

16,979

INTEREST EXPENSE:
Transaction and savings deposits

3,393

3,023

2,464

2,588

2,502

2,230

1,978

1,750

1,537

1,312

1,150

1,030

696

695

682

684

657

621

577

708

776

Certificates and other time deposits

5,671

4,712

4,071

4,017

4,042

3,786

3,607

3,766

3,791

3,702

2,763

2,505

1,651

1,607

1,474

1,553

1,624

1,760

1,810

2,044

1,975

Subordinated debentures and subordinated notes

1,120

1,109

1,079

1,065

1,059

1,051

1,041

456

246

243

237

-

-

-

-

-

-

-

-

-

-

Other borrowed funds

2,197

1,608

1,294

738

657

560

282

170

183

264

346

228

90

31

30

38

24

36

44

100

150

Total interest expense

12,381

10,452

8,908

8,408

8,260

7,627

6,908

6,142

5,757

5,521

4,496

3,990

2,437

2,333

2,186

2,275

2,305

2,417

2,431

2,852

2,901

NET INTEREST INCOME

39,519

39,761

38,242

36,820

36,279

35,305

32,643

32,184

33,675

33,541

34,228

35,007

21,162

20,923

20,516

20,283

17,512

16,706

15,676

14,294

14,078

PROVISION FOR LOAN LOSSES

320

1,897

9,663

4,405

2,300

1,510

6,145

9,500

28,200

11,000

16,000

12,500

3,054

805

1,505

1,250

220

0

1,223

-1

346

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

39,199

37,864

28,579

32,415

33,979

33,795

26,498

22,684

5,475

22,541

18,228

22,507

18,108

20,118

19,011

19,033

17,292

16,706

14,453

14,295

13,732

NONINTEREST INCOME:
Customer service fees

2,874

2,578

2,395

2,273

2,365

2,199

2,266

1,755

1,523

1,447

1,404

1,278

867

917

863

796

694

634

531

470

450

Loan fees

942

996

833

704

871

1,106

834

750

806

719

699

647

680

671

371

483

422

462

550

295

327

Gain on sale of available-for-sale securities, net

0

66

-

-

-332

294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on held-for-sale loans, net

0

0

0

-1,098

-1,294

222

-138

-1,445

0

0

41

60

113

157

75

-

-

-

-

-

-

Gain on sale of guaranteed portion of loans, net

705

1,112

941

1,648

1,302

878

1,927

379

968

858

1,138

971

908

960

645

594

1,050

793

430

240

535

Other

952

733

989

401

478

1,000

606

729

794

758

873

548

303

250

131

236

168

89

96

107

213

Total noninterest income

5,473

5,485

5,158

3,928

3,390

5,699

5,495

2,168

4,091

3,782

4,155

4,276

2,871

2,955

2,085

2,137

2,334

1,978

1,607

1,112

1,525

NONINTEREST EXPENSE:
Salaries and employee benefits

13,729

13,640

13,601

14,996

12,487

12,653

12,406

11,804

11,925

11,461

11,979

11,913

8,562

8,878

8,757

8,891

8,131

7,149

6,931

6,629

6,514

Occupancy

2,068

2,263

2,077

2,069

2,080

2,048

1,997

2,060

2,194

2,035

2,030

2,743

1,332

1,562

1,460

1,585

1,138

1,172

1,133

1,189

1,178

Professional and regulatory fees

1,359

2,172

2,261

2,241

2,331

1,899

2,397

2,421

2,180

2,435

1,922

1,863

1,988

3,605

1,467

1,612

1,488

1,767

780

762

851

Data processing

923

1,029

972

981

924

995

908

1,023

921

945

970

1,261

610

583

644

4,173

403

389

388

347

359

Software license and maintenance

732

703

716

636

464

438

489

571

580

528

476

738

352

392

362

418

350

341

315

258

232

Marketing

354

257

176

259

154

163

199

232

283

301

298

331

160

152

148

95

191

196

172

242

131

Loan related

587

467

47

632

271

301

600

1,464

1,287

801

243

628

185

263

109

220

101

85

117

229

132

Merger costs

2,955

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired by foreclosure, net

-

4

12

-

-

223

292

382

2,105

381

300

352

339

382

13

-30

85

62

169

-552

-9

Other

1,425

2,110

2,191

1,579

1,356

891

1,551

996

1,908

1,788

1,269

1,643

844

761

796

916

673

235

592

633

703

Total noninterest expense

24,132

22,645

22,053

23,582

20,067

19,611

20,839

20,953

23,383

20,675

19,487

21,472

14,372

16,578

13,756

17,880

12,560

11,396

10,597

9,737

10,091

INCOME BEFORE INCOME TAXES

20,540

20,704

11,684

12,761

17,302

19,883

11,154

3,899

-13,817

5,648

2,896

5,311

6,607

6,495

7,340

3,290

7,066

7,288

5,463

5,670

5,166

PROVISION FOR INCOME TAXES

4,943

4,283

2,322

10,142

5,895

6,985

3,942

1,355

-4,831

2,017

1,057

2,738

2,528

2,357

2,691

1,243

2,533

2,614

1,975

2,109

1,830

NET INCOME

15,597

16,421

9,362

2,619

11,407

12,898

7,212

2,544

-8,986

3,631

1,839

2,573

4,079

4,138

4,649

2,047

4,533

4,674

3,488

3,561

3,336

EARNINGS PER SHARE:
Basic (in dollars per share)

0.42

0.44

0.25

0.07

0.31

0.35

0.19

0.07

-0.25

0.10

0.05

0.04

0.16

0.16

0.18

0.06

0.20

0.22

0.17

0.17

0.16

Diluted (in dollars per share)

0.41

0.44

0.25

0.07

0.31

0.35

0.19

0.07

-0.25

0.10

0.05

0.04

0.15

0.16

0.18

0.05

0.20

0.22

0.17

0.17

0.16