First internet bancorp (INBKL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Interest Income
Loans

30,408

31,574

30,594

30,842

29,218

27,249

26,019

23,699

22,115

20,971

18,922

16,416

14,156

13,660

12,544

11,661

11,189

10,290

9,326

9,043

8,390

7,957

7,218

6,571

6,129

5,770

5,170

4,861

5,042

5,166

4,951

4,715

4,728

Securities – taxable

3,619

3,475

3,468

3,540

3,324

2,927

2,659

2,556

2,488

2,521

2,582

2,566

2,367

2,262

2,148

1,747

1,169

1,067

994

945

722

615

684

987

750

734

771

902

484

619

656

916

942

Securities – non-taxable

572

604

639

668

684

701

698

700

711

696

697

696

697

686

637

368

165

137

116

59

0

0

0

0

58

465

447

396

303

412

424

424

421

Other earning assets

1,645

2,224

2,993

1,794

1,773

972

847

461

665

450

493

297

170

156

142

195

170

100

100

83

75

51

45

54

96

-

54

-

-

-

-

-

-

Total interest income

36,244

37,877

37,694

36,844

34,999

31,849

30,223

27,416

25,979

24,638

22,694

19,975

17,390

16,764

15,471

13,971

12,693

11,594

10,536

10,130

9,187

8,623

7,947

7,612

7,033

7,106

6,442

6,159

5,829

6,197

6,031

6,055

6,091

Interest Expense
Deposits

17,208

18,417

18,363

17,147

15,386

13,338

11,650

9,226

8,270

7,358

6,594

5,324

4,699

4,667

4,368

3,930

2,888

2,405

2,260

2,137

1,953

1,913

1,958

1,922

1,860

1,819

1,758

1,656

1,628

1,697

1,828

1,826

1,821

Other borrowed funds

4,018

4,086

4,087

3,592

3,369

3,090

2,603

2,729

2,294

1,920

1,909

1,677

1,234

1,193

765

735

664

621

437

421

460

335

316

317

307

323

329

267

308

341

342

339

338

Total interest expense

21,226

22,503

22,450

20,739

18,755

16,428

14,253

11,955

10,564

9,278

8,503

7,001

5,933

5,860

5,133

4,665

3,552

3,026

2,697

2,558

2,413

2,248

2,274

2,239

2,167

2,142

2,087

1,923

1,936

2,038

2,170

2,165

2,159

Net Interest Income

15,018

15,374

15,244

16,105

16,244

15,421

15,970

15,461

15,415

15,360

14,191

12,974

11,457

10,904

10,338

9,306

9,141

8,568

7,839

7,572

6,774

6,375

5,673

5,373

4,866

4,964

4,355

4,236

3,893

4,159

3,861

3,890

3,932

Provision for Loan Losses

1,461

468

2,824

1,389

1,285

1,487

888

667

850

1,179

1,336

1,322

1,035

256

2,204

924

946

746

454

304

442

387

-112

-73

147

223

-57

24

134

744

974

564

570

Net Interest Income After Provision for Loan Losses

13,557

14,906

12,420

14,716

14,959

13,934

15,082

14,794

14,565

14,181

12,855

11,652

10,422

10,648

8,134

8,382

8,195

7,822

7,385

7,268

6,332

5,988

5,785

5,446

4,719

4,741

4,412

4,212

3,759

3,415

2,887

3,326

3,362

Noninterest Income
Service charges and fees

-

-

-

-

-

-

-

-

230

-

226

220

211

196

207

215

200

193

202

193

176

174

179

187

167

172

177

179

159

92

162

166

265

Mortgage banking activities

-

-

-

-

-

-

-

-

1,578

-

2,535

2,155

1,616

2,407

4,442

3,295

2,254

1,805

2,095

2,214

2,886

1,842

1,638

1,229

900

915

1,299

3,457

3,011

-

3,206

-

-

Gain (loss) on sale of loans

1,801

1,721

523

-66

-104

89

0

0

414

395

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

41

-

0

-500

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on loans sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,035

1,750

Gain on secondary marketing hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total loss related to other than temporarily impaired securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-865

0

15

979

-1,102

1,125

1,429

0

Portion of loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-945

-

-1,013

-1,337

0

Other-than-temporary impairment loss recognized in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15

34

48

112

92

0

Gain (loss) on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

54

125

359

6

97

19

-185

-1

0

9

40

Gain (loss) on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

177

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-

-27

-33

-14

-19

-28

-18

-13

-25

-34

-8

-79

-56

113

-40

-110

Other

417

352

517

1,089

623

580

356

349

320

391

374

361

304

449

249

61

102

71

104

102

100

101

100

99

98

118

102

87

99

98

100

97

93

Total noninterest income

6,211

5,405

5,558

3,454

2,372

2,047

1,994

2,177

2,542

2,539

3,135

2,736

2,131

2,891

4,898

3,748

2,540

2,143

2,374

2,476

3,148

2,098

1,943

1,622

1,511

1,186

1,641

3,719

2,971

3,741

3,469

2,175

2,038

Noninterest Expense
Salaries and employee benefits

7,774

7,168

6,883

6,642

6,321

5,738

5,704

5,827

5,905

5,701

5,197

5,193

5,073

4,610

4,550

4,329

3,898

3,460

3,446

3,787

3,578

3,129

3,264

2,948

3,007

2,513

2,512

2,846

2,379

2,463

2,161

1,914

1,991

Marketing, advertising and promotion

375

409

456

466

469

543

601

608

716

590

741

544

518

471

454

434

464

426

544

334

452

307

381

387

380

469

562

455

372

352

278

341

391

Consulting and professional services

1,177

1,242

778

835

814

862

709

633

851

617

897

764

813

709

901

895

638

674

544

564

592

595

409

465

433

361

577

561

653

385

438

271

328

Data processing

375

312

381

328

317

320

368

282

263

242

247

245

237

292

286

275

274

287

248

233

248

277

245

239

234

218

247

232

214

215

214

238

230

Loan expenses

599

289

247

292

314

204

241

260

237

303

262

248

214

267

240

200

184

172

97

181

181

168

208

136

114

225

209

285

80

228

381

303

185

Premises and equipment

1,625

1,556

1,506

1,497

1,500

1,307

1,244

1,231

1,214

1,125

1,080

1,025

953

955

983

963

798

759

676

691

642

733

742

761

701

744

534

616

302

619

315

365

412

Deposit insurance premium

485

601

0

747

555

570

441

480

465

420

375

300

315

344

420

215

180

170

163

160

150

154

155

138

144

139

85

115

112

114

122

121

98

Other

1,076

1,036

952

902

819

772

737

861

566

703

602

604

575

510

579

564

569

544

489

377

414

516

381

486

425

601

414

415

435

453

200

240

247

Total noninterest expense

13,486

12,613

11,203

11,709

11,109

12,739

10,045

10,182

10,217

9,701

9,401

8,923

8,698

8,158

8,413

7,875

7,005

6,492

6,207

6,327

6,257

5,879

5,785

5,560

5,438

5,270

5,140

5,525

4,547

4,829

4,109

3,793

3,882

Income Before Income Taxes

6,282

7,698

6,775

6,461

6,222

3,242

7,031

6,789

6,890

7,019

6,589

5,465

3,855

5,381

4,619

4,255

3,730

3,473

3,552

3,417

3,223

2,207

1,943

1,508

792

657

913

2,406

2,183

2,327

2,247

1,708

1,518

Income Tax Provision

263

602

449

340

526

-334

743

781

862

3,521

1,694

1,464

1,023

1,671

1,521

1,421

1,298

1,195

1,229

1,152

1,160

742

661

531

192

-9

186

694

695

773

621

428

372

Net Income (Loss) Attributable to Parent

6,019

7,096

6,326

6,121

5,696

3,576

6,288

6,008

6,028

3,498

4,895

4,001

2,832

3,710

3,098

2,834

2,432

2,278

2,323

2,265

2,063

1,465

1,282

977

600

666

727

1,712

1,488

1,554

1,626

1,280

1,146

Income Per Share of Common Stock
Basic (in dollars per share)

0.62

0.72

0.63

0.60

0.56

0.32

0.61

0.67

0.71

0.38

0.72

0.61

0.43

0.66

0.55

0.57

0.54

0.50

0.51

0.50

0.46

0.32

0.29

0.22

0.13

0.15

0.25

0.59

0.52

0.33

0.57

0.45

0.60

Diluted (in dollars per share)

0.62

0.72

0.63

0.60

0.56

0.31

0.61

0.67

0.71

0.38

0.71

0.61

0.43

0.65

0.55

0.57

0.53

0.49

0.51

0.50

0.46

0.33

0.28

0.22

0.13

0.15

0.25

0.59

0.52

0.33

0.57

0.45

0.60

Weighted-Average Number of Common Shares Outstanding
Basic (in shares)

9,721

9,820

9,979

10,148

10,217

10,290

10,261

8,909

8,499

8,509

6,834

6,583

6,547

5,732

5,597

4,972

4,541

4,535

4,532

4,529

4,516

4,499

4,497

4,496

4,494

3,501

2,890

2,888

2,886

3,829

2,870

2,867

1,909

Diluted (in shares)

9,750

9,818

9,980

10,148

10,230

10,299

10,273

8,919

8,542

8,542

6,854

6,597

6,602

5,766

5,622

4,992

4,575

4,569

4,574

4,550

4,523

4,514

4,511

4,504

4,501

3,521

2,903

2,888

2,886

3,829

2,870

2,867

1,909

Dividends Declared Per Share (in dollars per share)

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.04

-

-

-

-

Dividends Declared Per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

Service charges and fees
Revenue from Contract with Customer, Including Assessed Tax

212

213

211

225

236

-

236

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan Servicing [Member]
Revenue from Contract with Customer, Including Assessed Tax

300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan servicing asset revaluation
Revenue from Contract with Customer, Including Assessed Tax

-179

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activities
Revenue from Contract with Customer, Including Assessed Tax

3,668

2,953

4,307

2,664

1,617

-

1,402

1,597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-