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

162,332

142,661

125,750

115,024

104,194

93,442

84,653

77,335

71,225

68,920

63,854

58,411

52,720

47,172

41,991

35,818

29,812

25,292

0

0

0

Interest and dividends on taxable investment securities

5,654

4,634

3,832

3,226

2,627

2,396

2,195

1,972

1,813

1,658

1,424

1,310

1,154

1,059

1,076

1,117

1,178

1,236

0

0

0

Interest on non-taxable investment securities

751

761

766

771

783

793

798

802

802

774

711

624

466

335

241

169

169

155

0

0

0

Interest on interest-bearing deposits and federal funds sold

2,921

2,396

2,111

2,191

2,187

1,968

1,587

1,040

723

667

644

620

505

369

284

223

183

182

0

0

0

Total interest income

171,658

150,452

132,459

121,212

109,791

98,599

89,233

81,149

74,563

72,019

66,633

60,965

54,845

48,935

43,592

37,327

31,342

26,865

0

0

0

Interest expense:
Interest on deposits

19,205

14,739

11,279

9,481

8,530

7,748

7,146

6,568

6,127

5,939

5,520

5,005

4,354

3,693

3,232

2,795

2,427

2,201

0

0

0

Interest on Federal Home Loan Bank advances

190

240

285

283

283

284

283

284

294

335

375

414

442

442

442

442

442

461

0

0

0

Interest on securities sold under agreements to repurchase

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on subordinated debt

1,921

1,699

1,550

1,553

1,553

1,553

1,554

1,348

960

572

183

0

-

0

0

-

-

-

-

-

-

Total interest expense

21,437

16,728

13,115

11,318

10,367

9,585

8,983

8,200

7,381

6,846

6,078

5,419

4,796

4,135

3,674

3,237

2,869

2,662

0

0

0

Net interest income

150,221

133,724

119,344

109,894

99,424

89,014

80,250

72,949

67,182

65,173

60,555

55,546

50,049

44,800

39,918

34,090

28,473

24,203

0

0

0

Provision for loan losses

4,723

4,653

4,757

5,056

3,894

2,857

2,125

1,871

3,248

3,438

3,266

2,485

1,113

634

0

0

-

0

-

-

-

Net interest income after provision for loan losses

145,498

129,071

114,587

104,838

95,530

86,157

78,125

71,078

63,934

61,735

57,289

53,061

48,936

43,492

38,659

32,951

27,495

24,051

0

0

0

Noninterest income:
Service charges and fees on deposit accounts

-

-

-

-

-

-

-

-

-

1,898

1,698

1,501

1,288

1,088

951

815

714

666

0

0

0

Mortgage origination and fee income

-

-

-

-

-

-

-

-

-

6,327

5,521

5,399

5,278

5,201

4,775

4,318

3,752

3,830

0

0

0

Merchant sponsorship revenue

-

-

-

-

-

-

-

-

-

1,860

1,509

0

-

0

0

-

-

-

-

-

-

Income from bank-owned life insurance

1,225

1,095

982

925

855

841

837

822

810

796

676

558

433

314

287

261

242

238

0

0

0

Rental income

-

-

-

0

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Wealth management fees

-

-

-

-

-

-

-

-

-

49

45

47

53

58

61

63

58

63

0

0

0

Gain on other real estate, net

56

73

79

216

44

79

73

87

244

275

275

145

-24

-16

-16

-5

13

48

0

0

0

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

193

74

74

100

-91

28

28

0

-

0

0

-

-

-

-

-

-

0

0

-

-

Other

2,519

2,369

1,925

1,815

2,056

1,692

1,930

1,992

1,691

1,355

1,073

787

570

601

493

410

286

193

0

0

0

Total noninterest income

19,281

19,052

18,830

19,255

19,711

18,558

18,014

16,271

13,956

12,620

10,971

9,820

8,459

7,742

6,709

5,829

5,032

5,005

0

0

0

Other expense:
Salaries and employee benefits

58,166

49,310

44,778

41,943

39,556

36,475

33,619

30,863

27,735

26,877

25,115

23,322

21,364

19,004

17,365

15,370

13,379

13,087

0

0

0

Commission-based compensation

6,955

6,902

6,774

6,633

6,855

6,231

5,587

4,939

4,091

3,859

3,803

3,823

3,744

3,800

3,211

2,626

2,136

0

0

0

-

Occupancy and equipment, net

8,994

8,383

7,552

7,006

6,209

5,753

5,326

4,978

4,640

4,495

4,185

3,883

3,584

3,108

2,714

2,344

1,944

1,776

0

0

0

Core deposit intangible amortization

4,249

3,176

2,236

1,846

1,455

1,244

1,069

913

756

749

669

588

508

0

0

0

-

-

-

-

-

Other operating expense

28,711

25,205

22,527

21,557

19,120

17,076

0

0

-

0

-

-

-

-

-

0

-

21,542

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

11,874

11,392

-

9,694

8,513

7,393

5,976

5,443

0

0

0

Total other expense

107,075

92,976

83,867

78,985

73,195

66,325

60,970

55,487

49,079

46,834

43,818

0

-

0

0

-

-

-

-

-

-

Earnings before income taxes

57,704

55,147

49,550

45,108

42,046

38,390

35,169

31,862

28,811

25,972

22,614

19,873

17,150

15,277

13,325

10,918

9,074

7,514

0

0

0

Income tax expense

12,791

20,240

20,028

20,006

20,071

12,550

11,361

10,152

9,394

8,461

7,275

6,467

5,476

4,967

4,355

3,659

3,159

2,592

0

0

0

Net earnings

44,913

34,907

29,522

25,102

21,975

25,840

23,808

21,710

19,417

17,511

15,339

13,406

11,674

10,310

8,970

7,259

5,915

4,922

0

0

0

Less: Net earnings attributable to noncontrolling interest

2,469

2,161

2,055

1,870

1,907

1,868

1,720

1,717

1,564

1,627

1,778

1,943

2,069

1,840

0

0

-

0

-

-

-

Net earnings attributable to National Commerce Corporation

42,444

32,746

27,467

23,232

20,068

23,972

22,088

19,993

17,853

15,884

13,561

11,463

9,605

8,374

7,399

6,281

5,403

4,714

0

0

0

Basic earnings per common share (in dollars per share)

0.51

0.60

0.62

0.53

0.03

0.47

0.49

0.46

0.45

0.44

0.40

0.35

0.29

0.26

0.24

0.25

0.28

0.26

0.20

0.18

0.18

Diluted earnings per common share (in dollars per share)

0.49

0.59

0.61

0.52

0.02

0.46

0.48

0.45

0.45

0.43

0.39

0.34

0.27

0.26

0.24

0.25

0.27

0.26

0.20

0.18

0.18