National commerce corp (NCOM)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Interest and dividend income:
Interest and fees on loans

162,332

104,194

71,225

52,720

29,812

21,642

18,026

Interest and dividends on taxable investment securities

5,654

2,627

1,813

1,154

1,178

1,330

1,482

Interest on non-taxable investment securities

751

783

802

466

169

134

183

Interest on interest-bearing deposits and federal funds sold

2,921

2,187

723

505

183

206

261

Total interest income

171,658

109,791

74,563

54,845

31,342

23,312

19,952

Interest expense:
Interest on deposits

19,205

8,530

6,127

4,354

2,427

2,102

2,502

Interest on Federal Home Loan Bank advances

190

283

294

442

442

511

778

Interest on securities sold under agreements to repurchase

121

1

-

-

-

-

-

Interest on subordinated debt

1,921

1,553

960

0

0

-

-

Total interest expense

21,437

10,367

7,381

4,796

2,869

2,613

3,280

Net interest income

150,221

99,424

67,182

50,049

28,473

20,699

16,672

Provision for loan losses

4,723

3,894

3,248

1,113

978

-

125

Net interest income after provision for loan losses

145,498

95,530

63,934

48,936

27,495

20,699

16,547

Noninterest income:
Service charges and fees on deposit accounts

-

-

-

1,288

714

630

535

Mortgage origination and fee income

-

-

-

5,278

3,752

4,035

3,254

Merchant sponsorship revenue

-

-

-

861

0

-

-

Income from bank-owned life insurance

1,225

855

810

433

242

236

194

Rental income

-

-

-

0

-

-

-

Wealth management fees

-

-

-

53

58

89

103

Gain on other real estate, net

56

44

244

-24

13

62

396

Gain (loss) on sale of investment securities available-for-sale

193

-91

-

0

-33

47

-

Other

2,519

2,056

1,691

570

286

203

183

Total noninterest income

19,281

19,711

13,956

8,459

5,032

5,302

4,665

Other expense:
Salaries and employee benefits

58,166

39,556

27,735

21,364

13,379

11,495

11,587

Commission-based compensation

6,955

6,855

4,091

3,744

2,136

1,948

-

Occupancy and equipment, net

8,994

6,209

4,640

3,584

1,944

1,727

1,733

Core deposit intangible amortization

4,249

1,455

756

508

18

-

-

Data processing expenses

-

-

-

1,887

-

-

-

Consulting and other professional expenses

-

-

-

894

-

-

-

Other operating expense

28,711

19,120

11,857

8,264

-

19,685

18,084

Other

-

-

-

-

5,976

4,515

4,764

Total other expense

107,075

73,195

49,079

40,245

23,453

-

-

Earnings before income taxes

57,704

42,046

28,811

17,150

9,074

6,316

3,128

Income tax expense

12,791

20,071

9,394

5,476

3,159

2,310

1,071

Net earnings

44,913

21,975

19,417

11,674

5,915

4,006

2,057

Less: Net earnings attributable to noncontrolling interest

2,469

1,907

1,564

2,069

512

-

-

Net earnings attributable to National Commerce Corporation

42,444

20,068

17,853

9,605

5,403

4,006

2,057

Basic earnings per common share (in dollars per share)

2.26

1.45

1.64

1.04

0.92

0.70

0.36

Diluted earnings per common share (in dollars per share)

2.21

1.41

1.61

1.02

0.91

0.69

0.36

Deposit Account [Member]
Noninterest income revenue

4,372

2,711

2,019

-

-

-

-

Mortgage Banking [Member]
Noninterest income revenue

7,864

11,529

6,975

-

-

-

-

Credit Card, Merchant Discount [Member]
Noninterest income revenue

2,979

2,560

2,168

-

-

-

-

Fiduciary and Trust [Member]
Noninterest income revenue

73

47

49

-

-

-

-