Spirit of Texas Bancshares (STXB) annual income statement covering fiscal 2016 through 2021, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||||||||||||||
Interest and fees on loans | |||||||||||||||||||||
118,922 | 119,904 | 87,546 | 55,087 | 45,411 | 39,455 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest and fees on loans | 118,922 | 119,904 | 87,546 | 55,087 | 45,411 | 39,455 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest and dividends on investment securities | |||||||||||||||||||||
6,350 | 2,340 | 4,624 | 1,508 | 517 | 178 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest and dividends on investment securities | 6,350 | 2,340 | 4,624 | 1,508 | 517 | 178 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other interest income | |||||||||||||||||||||
252 | 1,301 | 3,090 | 744 | 979 | 577 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other interest income | 252 | 1,301 | 3,090 | 744 | 979 | 577 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest income | |||||||||||||||||||||
125,524 | 123,545 | 95,260 | 57,339 | 46,907 | 40,210 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest income | 125,524 | 123,545 | 95,260 | 57,339 | 46,907 | 40,210 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest expense: | |||||||||||||||||||||
Interest on deposits | |||||||||||||||||||||
7,726 | 14,570 | 15,540 | 8,482 | 6,602 | 5,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest on deposits | 7,726 | 14,570 | 15,540 | 8,482 | 6,602 | 5,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest on FHLB advances and other borrowings | |||||||||||||||||||||
3,682 | 3,040 | 1,830 | 1,842 | 1,726 | 1,248 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest on FHLB advances and other borrowings | 3,682 | 3,040 | 1,830 | 1,842 | 1,726 | 1,248 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest expense | |||||||||||||||||||||
11,408 | 17,610 | 17,370 | 10,324 | 8,328 | 6,730 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest expense | 11,408 | 17,610 | 17,370 | 10,324 | 8,328 | 6,730 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income | |||||||||||||||||||||
114,116 | 105,935 | 77,890 | 47,015 | 38,579 | 33,480 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income | 114,116 | 105,935 | 77,890 | 47,015 | 38,579 | 33,480 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision for loan losses | |||||||||||||||||||||
3,711 | 11,257 | 2,856 | 2,160 | 2,475 | 1,617 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision for loan losses | 3,711 | 11,257 | 2,856 | 2,160 | 2,475 | 1,617 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income after provision for loan losses | |||||||||||||||||||||
110,405 | 94,678 | 75,034 | 44,855 | 36,104 | 31,863 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income after provision for loan losses | 110,405 | 94,678 | 75,034 | 44,855 | 36,104 | 31,863 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Noninterest income: | |||||||||||||||||||||
Service charges and fees | |||||||||||||||||||||
6,264 | 5,660 | 3,710 | 1,887 | 1,501 | 1,216 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Service charges and fees | 6,264 | 5,660 | 3,710 | 1,887 | 1,501 | 1,216 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
SBA loans servicing fees | |||||||||||||||||||||
1,235 | 1,192 | 929 | 2,727 | 1,794 | 1,831 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
SBA loans servicing fees | 1,235 | 1,192 | 929 | 2,727 | 1,794 | 1,831 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Mortgage referral fees | |||||||||||||||||||||
1,353 | 1,334 | 713 | 621 | 634 | 751 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Mortgage referral fees | 1,353 | 1,334 | 713 | 621 | 634 | 751 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain on sales of loans, net | |||||||||||||||||||||
1,066 | 5,496 | 4,014 | 5,120 | 5,684 | 4,437 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain on sales of loans, net | 1,066 | 5,496 | 4,014 | 5,120 | 5,684 | 4,437 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain on sales of investment securities | |||||||||||||||||||||
5 | 1,031 | 4,582 | - | - | 69 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain on sales of investment securities | 5 | 1,031 | 4,582 | - | - | 69 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Swap Fees | |||||||||||||||||||||
2,701 | 1,746 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Swap Fees | 2,701 | 1,746 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Swap Referral Fees | |||||||||||||||||||||
1,301 | 1,950 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Swap Referral Fees | 1,301 | 1,950 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other noninterest income | |||||||||||||||||||||
146 | 467 | 619 | 134 | 25 | 38 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other noninterest income | 146 | 467 | 619 | 134 | 25 | 38 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total noninterest income | |||||||||||||||||||||
14,071 | 18,876 | 14,567 | 10,489 | 9,638 | 8,342 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total noninterest income | 14,071 | 18,876 | 14,567 | 10,489 | 9,638 | 8,342 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Noninterest expense: | |||||||||||||||||||||
Salaries and employee benefits | |||||||||||||||||||||
41,688 | 41,756 | 36,175 | 27,512 | 23,338 | 21,094 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Salaries and employee benefits | 41,688 | 41,756 | 36,175 | 27,512 | 23,338 | 21,094 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Occupancy and equipment expenses | |||||||||||||||||||||
9,869 | 10,047 | 6,884 | 5,215 | 5,123 | 4,736 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Occupancy and equipment expenses | 9,869 | 10,047 | 6,884 | 5,215 | 5,123 | 4,736 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Professional services | |||||||||||||||||||||
2,993 | 2,687 | 4,054 | 3,055 | 1,845 | 1,745 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Professional services | 2,993 | 2,687 | 4,054 | 3,055 | 1,845 | 1,745 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Data processing and network | |||||||||||||||||||||
4,077 | 3,973 | 3,036 | 1,276 | 1,266 | 1,518 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Data processing and network | 4,077 | 3,973 | 3,036 | 1,276 | 1,266 | 1,518 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Regulatory assessments and insurance | |||||||||||||||||||||
1,901 | 1,847 | 422 | 1,094 | 924 | 742 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Regulatory assessments and insurance | 1,901 | 1,847 | 422 | 1,094 | 924 | 742 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of intangibles | |||||||||||||||||||||
3,067 | 3,663 | 3,630 | 917 | 703 | 671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of intangibles | 3,067 | 3,663 | 3,630 | 917 | 703 | 671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Advertising | |||||||||||||||||||||
367 | 679 | 623 | 381 | 551 | 303 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Advertising | 367 | 679 | 623 | 381 | 551 | 303 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Marketing | |||||||||||||||||||||
309 | 276 | 538 | 508 | 579 | 634 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Marketing | 309 | 276 | 538 | 508 | 579 | 634 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Telephone expense | |||||||||||||||||||||
2,250 | 2,013 | 993 | 414 | 409 | 606 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Telephone expense | 2,250 | 2,013 | 993 | 414 | 409 | 606 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Conversion expense | |||||||||||||||||||||
- | 1,841 | 1,992 | 160 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Conversion expense | - | 1,841 | 1,992 | 160 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other operating expenses | |||||||||||||||||||||
5,230 | 6,002 | 4,697 | 2,832 | 2,664 | 2,832 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other operating expenses | 5,230 | 6,002 | 4,697 | 2,832 | 2,664 | 2,832 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total noninterest expense | |||||||||||||||||||||
71,751 | 74,784 | 63,044 | 43,364 | 37,402 | 34,881 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total noninterest expense | 71,751 | 74,784 | 63,044 | 43,364 | 37,402 | 34,881 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income before income tax expense | |||||||||||||||||||||
52,725 | 38,770 | 26,557 | 11,980 | 8,340 | 5,324 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income before income tax expense | 52,725 | 38,770 | 26,557 | 11,980 | 8,340 | 5,324 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax expense | |||||||||||||||||||||
10,673 | 7,459 | 5,421 | 2,002 | 3,587 | 1,609 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax expense | 10,673 | 7,459 | 5,421 | 2,002 | 3,587 | 1,609 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income | |||||||||||||||||||||
42,052 | 31,311 | 21,136 | 9,978 | 4,753 | 3,715 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 42,052 | 31,311 | 21,136 | 9,978 | 4,753 | 3,715 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Earnings per common share: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
2.45 | 1.78 | 1.44 | 1.08 | 0.65 | 0.51 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic | 2.45 | 1.78 | 1.44 | 1.08 | 0.65 | 0.51 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted | |||||||||||||||||||||
2.38 | 1.77 | 1.40 | 1.03 | 0.63 | 0.50 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted | 2.38 | 1.77 | 1.40 | 1.03 | 0.63 | 0.50 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average common shares outstanding: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
17,180 | 17,567 | 14,697 | 9,258 | 7,233 | 7,065 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic | 17,180 | 17,567 | 14,697 | 9,258 | 7,233 | 7,065 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted | |||||||||||||||||||||
17,641 | 17,649 | 15,112 | 9,642 | 7,519 | 7,205 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted | 17,641 | 17,649 | 15,112 | 9,642 | 7,519 | 7,205 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||