First Internet Bancorp INBKL Income Statement

First internet bancorp (INBKL)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Interest Income
Loans
123,418	122,228	117,903	113,328	106,185	99,082	92,804	85,707	78,424	70,465	63,154	56,776	52,021	49,054	45,684	42,466	39,848	37,049	34,716	32,608	30,136	27,875	25,688	23,640	21,930	20,843	20,239	20,020	19,874	19,560	0	0	0
Securities – taxable
14,102	13,807	13,259	12,450	11,466	10,630	10,224	10,147	10,157	10,036	9,777	9,343	8,524	7,326	6,131	4,977	4,175	3,728	3,276	2,966	3,008	3,036	3,155	3,242	3,157	2,891	2,776	2,661	2,675	3,133	0	0	0
Securities – non-taxable
2,483	2,595	2,692	2,751	2,783	2,810	2,805	2,804	2,800	2,786	2,776	2,716	2,388	1,856	1,307	786	477	312	175	59	0	58	523	970	1,366	1,611	1,558	1,535	1,563	1,681	0	0	0
Other earning assets
8,656	8,784	7,532	5,386	4,053	2,945	2,423	2,069	1,905	1,410	1,116	765	663	663	607	565	453	358	309	254	225	246	249	0	0	-	0	-	-	-	-	-	-
Total interest income
148,659	147,414	141,386	133,915	124,487	115,467	108,256	100,727	93,286	84,697	76,823	69,600	63,596	58,899	53,729	48,794	44,953	41,447	38,476	35,887	33,369	31,215	29,698	28,193	26,740	25,536	24,627	24,216	24,112	24,374	0	0	0
Interest Expense
Deposits
71,135	69,313	64,234	57,521	49,600	42,484	36,504	31,448	27,546	23,975	21,284	19,058	17,664	15,853	13,591	11,483	9,690	8,755	8,263	7,961	7,746	7,653	7,559	7,359	7,093	6,861	6,739	6,809	6,979	7,172	0	0	0
Other borrowed funds
15,783	15,134	14,138	12,654	11,791	10,716	9,546	8,852	7,800	6,740	6,013	4,869	3,927	3,357	2,785	2,457	2,143	1,939	1,653	1,532	1,428	1,275	1,263	1,276	1,226	1,227	1,245	1,258	1,330	1,360	0	0	0
Total interest expense
86,918	84,447	78,372	70,175	61,391	53,200	46,050	40,300	35,346	30,715	27,297	23,927	21,591	19,210	16,376	13,940	11,833	10,694	9,916	9,493	9,174	8,928	8,822	8,635	8,319	8,088	7,984	8,067	8,309	8,532	0	0	0
Net Interest Income
61,741	62,967	63,014	63,740	63,096	62,267	62,206	60,427	57,940	53,982	49,526	45,673	42,005	39,689	37,353	34,854	33,120	30,753	28,560	26,394	24,195	22,287	20,876	19,558	18,421	17,448	16,643	16,149	15,803	15,842	0	0	0
Provision for Loan Losses
6,142	5,966	6,985	5,049	4,327	3,892	3,584	4,032	4,687	4,872	3,949	4,817	4,419	4,330	4,820	3,070	2,450	1,946	1,587	1,021	644	349	185	240	337	324	845	1,876	2,416	2,852	0	0	0
Net Interest Income After Provision for Loan Losses
55,599	57,001	56,029	58,691	58,769	58,375	58,622	56,395	53,253	49,110	45,577	40,856	37,586	35,359	32,533	31,784	30,670	28,807	26,973	25,373	23,551	21,938	20,691	19,318	18,084	17,124	15,798	14,273	13,387	12,990	0	0	0
Noninterest Income
Service charges and fees
-	-	-	-	-	-	-	-	907	-	853	834	829	818	815	810	788	764	745	722	716	707	705	703	695	687	607	592	579	685	0	0	0
Mortgage banking activities
-	-	-	-	-	-	-	-	7,798	-	8,713	10,620	11,760	12,398	11,796	9,449	8,368	9,000	9,037	8,580	7,595	5,609	4,682	4,343	6,571	8,682	10,973	0	0	-	0	-	-
Gain (loss) on sale of loans
3,979	2,074	442	-81	-15	503	809	809	809	395	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Available-for-sale, Realized Gain (Loss)
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on loans sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on secondary marketing hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Total loss related to other than temporarily impaired securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	-108	1,017	2,431	1,452	0	0	0
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Other-than-temporary impairment loss recognized in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	97	209	286	252	0	0	0
Gain (loss) on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	538	544	587	481	-63	-70	-167	-177	48	0	0	0
Gain (loss) on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on asset disposals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36	-	-93	-94	-79	-78	-84	-90	-80	-146	-177	-30	-62	-93	0	0	0
Other
2,375	2,581	2,809	2,648	1,908	1,605	1,416	1,434	1,446	1,430	1,488	1,363	1,063	861	483	338	379	377	407	403	400	398	415	417	405	406	386	384	394	388	0	0	0
Total noninterest income
20,628	16,789	13,431	9,867	8,590	8,760	9,252	10,393	10,952	10,541	10,893	12,656	13,668	14,077	13,329	10,805	9,533	10,141	10,096	9,665	8,811	7,174	6,262	5,960	8,057	9,517	12,072	13,900	12,356	11,423	0	0	0
Noninterest Expense
Salaries and employee benefits
28,467	27,014	25,584	24,405	23,590	23,174	23,137	22,630	21,996	21,164	20,073	19,426	18,562	17,387	16,237	15,133	14,591	14,271	13,940	13,758	12,919	12,348	11,732	10,980	10,878	10,250	10,200	9,849	8,917	8,529	0	0	0
Marketing, advertising and promotion
1,706	1,800	1,934	2,079	2,221	2,468	2,515	2,655	2,591	2,393	2,274	1,987	1,877	1,823	1,778	1,868	1,768	1,756	1,637	1,474	1,527	1,455	1,617	1,798	1,866	1,858	1,741	1,457	1,343	1,362	0	0	0
Consulting and professional services
4,032	3,669	3,289	3,220	3,018	3,055	2,810	2,998	3,129	3,091	3,183	3,187	3,318	3,143	3,108	2,751	2,420	2,374	2,295	2,160	2,061	1,902	1,668	1,836	1,932	2,152	2,176	2,037	1,747	1,422	0	0	0
Data processing
1,396	1,338	1,346	1,333	1,287	1,233	1,155	1,034	997	971	1,021	1,060	1,090	1,127	1,122	1,084	1,042	1,016	1,006	1,003	1,009	995	936	938	931	911	908	875	881	897	0	0	0
Loan expenses
1,427	1,142	1,057	1,051	1,019	942	1,041	1,062	1,050	1,027	991	969	921	891	796	653	634	631	627	738	693	626	683	684	833	799	802	974	992	1,097	0	0	0
Premises and equipment
6,184	6,059	5,810	5,548	5,282	4,996	4,814	4,650	4,444	4,183	4,013	3,916	3,854	3,699	3,503	3,196	2,924	2,768	2,742	2,808	2,878	2,937	2,948	2,740	2,595	2,196	2,071	1,852	1,601	1,711	0	0	0
Deposit insurance premium
1,833	1,903	1,872	2,313	2,046	1,956	1,806	1,740	1,560	1,410	1,334	1,379	1,294	1,159	985	728	673	643	627	619	597	591	576	506	483	451	426	463	469	455	0	0	0
Other
3,966	3,709	3,445	3,230	3,189	2,936	2,867	2,732	2,475	2,484	2,291	2,268	2,228	2,222	2,256	2,166	1,979	1,824	1,796	1,688	1,797	1,808	1,893	1,926	1,855	1,865	1,717	1,503	1,328	1,140	0	0	0
Total noninterest expense
49,011	46,634	46,760	45,602	44,075	43,183	40,145	39,501	38,242	36,723	35,180	34,192	33,144	31,451	29,785	27,579	26,031	25,283	24,670	24,248	23,481	22,662	22,053	21,408	21,373	20,482	20,041	19,010	17,278	16,613	0	0	0
Income Before Income Taxes
27,216	27,156	22,700	22,956	23,284	23,952	27,729	27,287	25,963	22,928	21,290	19,320	18,110	17,985	16,077	15,010	14,172	13,665	12,399	10,790	8,881	6,450	4,900	3,870	4,768	6,159	7,829	9,163	8,465	7,800	0	0	0
Income Tax Provision
1,654	1,917	981	1,275	1,716	2,052	5,907	6,858	7,541	7,702	5,852	5,679	5,636	5,911	5,435	5,143	4,874	4,736	4,283	3,715	3,094	2,126	1,375	900	1,063	1,566	2,348	2,783	2,517	2,194	0	0	0
Net Income (Loss) Attributable to Parent
25,562	25,239	21,719	21,681	21,568	21,900	21,822	20,429	18,422	15,226	15,438	13,641	12,474	12,074	10,642	9,867	9,298	8,929	8,116	7,075	5,787	4,324	3,525	2,970	3,705	4,593	5,481	6,380	5,948	5,606	0	0	0
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
861	885	908	928	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan Servicing [Member]
Revenue from Contract with Customer, Including Assessed Tax
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan servicing asset revaluation
Revenue from Contract with Customer, Including Assessed Tax
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking activities
Revenue from Contract with Customer, Including Assessed Tax
13,592	11,541	9,990	7,280	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-