Bancorp, inc. (TBBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Loans, including fees

127,106

95,315

79,081

67,571

49,861

36,459

27,640

20,846

74,627

73,789

73,074

Investment securities:
Taxable interest

42,286

41,993

36,121

31,219

19,918

20,662

15,999

13,378

9,682

6,181

5,017

Tax-exempt interest

170

207

306

740

10,820

11,345

4,758

2,815

2,672

1,945

1,347

Federal funds sold / securities purchased under agreements to resell

-

1,708

1,310

452

577

462

425

7

-

0

234

Interest earning deposits

10,007

8,737

5,202

2,237

2,354

1,792

2,328

2,433

1,461

817

87

Total interest income

179,569

147,960

122,020

102,219

83,530

70,720

51,150

39,479

88,442

82,732

79,759

Interest expense
Deposits

34,400

25,946

14,418

11,372

13,124

10,767

10,166

10,447

10,939

13,559

14,812

Securities sold under agreements to repurchase

-

-

-

2

15

50

54

95

231

27

26

Short-term borrowings

3,131

451

336

359

12

-

-

-

3

89

329

Subordinated debentures

750

714

586

520

448

478

548

869

863

864

883

Total interest expense

38,281

27,111

15,340

12,253

13,599

11,295

10,768

11,411

12,036

14,539

16,050

Net interest income

141,288

120,849

106,680

89,966

69,931

59,425

40,382

28,068

76,406

68,193

63,709

Provision for credit losses

4,400

3,585

2,920

3,360

2,100

1,202

355

6,642

21,498

19,287

13,000

Net interest income after provision for credit losses

136,888

117,264

103,760

86,606

67,831

58,223

40,027

21,426

54,908

48,906

50,709

Non-interest income
Service fees on deposit accounts

-

-

-

-

7,468

6,339

4,977

3,548

2,552

2,142

1,375

Card payment and ACH processing fees

-

-

-

-

5,731

5,402

4,046

2,977

2,399

2,061

-

Merchant credit card processing and ACH fees

-

-

-

-

-

-

-

-

-

-

1,248

Prepaid, debit card and related fees

65,141

54,627

53,367

51,326

47,496

51,287

45,339

33,311

18,665

11,001

7,965

Net realized and unrealized gains (losses) on commercial loans originated for sale

24,072

20,498

17,919

2,901

10,080

12,542

17,225

1,885

4

7

-

Gain on sale of investment securities

-

41

2,231

3,171

-

-

-

-

-

-

-

Gain on sale of IRA portfolio

-

65,000

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

14,435

450

1,889

661

759

1,207

1,106

Gain on sale of health savings portfolio

-

-

2,538

-

33,531

-

-

-

-

-

-

Change in value of investment in unconsolidated entity

-

-3,689

-20

-37,533

1,729

-

-

-

-

-

-

Other than temporary impairment on securities held-to-maturity

-

-

-

-

-

-

20

202

75

-

-

Other than temporary impairment on securities available-for-sale

-

-

-

-

-

-

-

-

-

135

2,225

Leasing related income

3,243

3,071

2,663

2,007

2,291

2,899

2,560

2,954

2,517

2,752

1,183

Debit card income

-

-

-

-

1,611

1,679

892

482

625

663

-

Debit card income

-

-

-

-

-

-

-

-

-

-

447

Affinity fees

-

281

1,545

4,563

3,358

2,596

2,986

2,794

1,606

0

-

Loss from sale of European prepaid card operations

-

-

-3,437

-

-

-

-

-

-

-

-

Other

2,220

1,691

1,636

5,401

5,337

1,855

2,179

1,091

1,473

898

358

Total non-interest income

104,127

153,795

91,548

42,486

133,067

85,049

82,073

49,501

30,525

20,596

11,457

Non-interest expense
Salaries and employee benefits

94,259

79,816

75,832

81,951

68,390

60,509

52,248

39,907

31,108

25,570

23,415

Depreciation and amortization

3,696

3,997

4,452

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

4,982

4,747

4,523

3,694

2,762

2,443

3,073

2,883

Rent and related occupancy cost

6,628

5,474

5,680

6,320

5,659

4,694

3,858

3,025

2,959

2,610

2,592

Data processing expense

4,894

6,187

10,159

14,698

14,359

13,207

10,888

9,938

8,961

7,567

6,229

One-time fee to exit data processing contract

-

-

1,136

-

-

-

-

-

-

-

-

Printing and supplies

637

906

1,354

2,966

2,651

2,229

1,598

1,637

1,529

1,272

1,062

Audit expense

1,785

2,002

1,682

1,105

2,003

1,427

1,441

1,145

1,081

1,065

1,302

Legal expense

5,319

7,845

8,072

6,683

3,828

2,102

2,048

1,711

2,801

2,751

1,975

Amortization of intangible assets

1,531

1,531

1,528

1,403

1,186

1,211

1,142

1,001

1,001

1,001

1,001

Losses on sale and write downs on other real estate owned

-

-

-

-

-

-

-

-

-555

-22

-1,700

FDIC insurance

7,025

8,819

10,097

10,091

11,315

6,805

3,682

3,172

3,335

4,350

3,112

Software

12,731

13,304

12,597

11,162

7,222

4,908

3,553

2,351

2,049

-

-

Insurance

2,475

2,578

2,333

2,295

1,923

1,700

1,311

976

-

-

-

Telecom and IT network communications

1,493

1,373

1,793

-

-

-

-

-

-

-

-

Telecom and IT network communications

-

-

-

1,982

2,016

2,531

1,483

1,181

-

-

-

Securitization and servicing expense

81

117

170

1,044

-

-

-

-

-

-

-

Securitization and servicing expense

-

-

-

-

1,948

1,843

767

98

-

-

-

Consulting

3,240

3,239

2,227

5,404

4,333

3,452

1,700

1,123

-

-

-

Bank Secrecy Act and lookback consulting expenses

-

-

-

29,081

41,444

8,801

-

-

-

-

-

Civil money penalties

-8,900

290

-2,290

-

-3,000

-

-

-

-

-

-

Prepaid relationship exit expense

-

672

-

-

-

-

-

-

-

-

-

Lease termination expense

908

395

-

-

-

-

-

-

-

-

-

Software

-

-

-

-

-

-

-

-

-

1,301

766

Other real estate owned

-

-

-

-

-

-

-

-

-1,159

-190

-188

Other

12,919

13,313

13,512

17,406

18,064

16,038

12,404

10,161

13,223

10,976

9,591

Total non-interest expense

168,521

151,278

154,914

198,573

194,088

135,980

101,817

80,188

72,204

61,748

55,816

Income from continuing operations before income taxes

72,494

119,781

40,394

-69,481

6,810

7,292

20,283

-9,261

13,229

7,754

6,350

Income tax expense

21,226

32,241

23,056

-12,664

1,450

-14,523

6,767

-3,492

4,311

2,532

2,248

Net income from continuing operations

51,268

87,540

17,338

-56,817

5,360

21,815

13,516

-5,769

-

-

-

Discontinued operations
Income (loss) from discontinued operations before income taxes

510

1,491

4,059

-43,117

12,793

54,625

-11,669

-57,557

-

-

-

Income tax expense (benefit)

219

354

-276

-3,442

4,721

19,331

16,269

-20,173

-

-

-

Income (loss) from discontinued operations, net of tax

291

1,137

4,335

-39,675

8,072

35,294

-27,938

-37,384

-

-

-

Net income

51,559

88,677

21,673

-96,492

13,432

57,109

-14,422

-

-

5,222

4,102

Less preferred stock dividends and accretion

-

-

-

-

-

-

-

-

-

6,242

3,760

Net income

-

-

-

-

-

-

-

-43,153

8,918

-1,020

342

Net income per share from continuing operations - basic

0.90

1.55

0.31

-1.28

0.14

0.58

0.36

-0.17

-

-

-

Net income (loss) per share from discontinued operations - basic

0.01

0.02

0.08

-0.89

0.21

0.94

-0.75

-1.13

-

-

-

Net income per share - basic

0.91

1.57

0.39

-2.17

0.35

1.52

-0.39

-1.30

0.28

-0.04

0.02

Net income per share from continuing operations - diluted

0.89

1.53

0.31

-1.28

0.14

0.57

0.35

-0.17

-

-

-

Net income (loss) per share from discontinued operations - diluted

0.01

0.02

0.08

-0.89

0.21

0.92

-0.75

-1.13

-

-

-

Net income per share - diluted

0.90

1.55

0.39

-2.17

0.35

1.49

-0.40

-1.30

0.28

-0.04

0.02

Service Fees On Deposit Accounts [Member]
Non-interest income

75

3,622

6,788

5,124

-

-

-

-

-

-

-

ACH, Card And Other Payment Processing Fees [Member]
Non-interest income

9,376

8,653

6,318

5,526

-

-

-

-

-

-

-