Tristate Capital Holdings (TSC) annual income statement covering fiscal 2015 through 2020, 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'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||||||||||||||
Loans and leases | |||||||||||||||||||||
200,839 | 239,328 | 185,349 | 126,544 | 92,252 | 79,205 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loans and leases | 200,839 | 239,328 | 185,349 | 126,544 | 92,252 | 79,205 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investments | |||||||||||||||||||||
14,032 | 16,324 | 10,683 | 6,217 | 5,443 | 4,022 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Investments | 14,032 | 16,324 | 10,683 | 6,217 | 5,443 | 4,022 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest-earning deposits | |||||||||||||||||||||
2,224 | 6,795 | 3,754 | 1,534 | 617 | 369 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest-earning deposits | 2,224 | 6,795 | 3,754 | 1,534 | 617 | 369 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest income | |||||||||||||||||||||
217,095 | 262,447 | 199,786 | 134,295 | 98,312 | 83,596 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest income | 217,095 | 262,447 | 199,786 | 134,295 | 98,312 | 83,596 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest expense: | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
69,202 | 125,592 | 78,493 | 37,485 | 19,807 | 12,888 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deposits | 69,202 | 125,592 | 78,493 | 37,485 | 19,807 | 12,888 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Borrowings | |||||||||||||||||||||
9,949 | 9,798 | 7,889 | 5,457 | 3,692 | 2,755 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Borrowings | 9,949 | 9,798 | 7,889 | 5,457 | 3,692 | 2,755 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest expense | |||||||||||||||||||||
79,151 | 135,390 | 86,382 | 42,942 | 23,499 | 15,643 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest expense | 79,151 | 135,390 | 86,382 | 42,942 | 23,499 | 15,643 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income | |||||||||||||||||||||
137,944 | 127,057 | 113,404 | 91,353 | 74,813 | 67,953 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income | 137,944 | 127,057 | 113,404 | 91,353 | 74,813 | 67,953 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision for credit losses | |||||||||||||||||||||
19,400 | -968 | -205 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision for credit losses | 19,400 | -968 | -205 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision (credit) for loan and lease losses | |||||||||||||||||||||
- | - | - | -623 | 838 | 13 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision (credit) for loan and lease losses | - | - | - | -623 | 838 | 13 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income after provision for credit losses | |||||||||||||||||||||
118,544 | 128,025 | 113,609 | 91,976 | 73,975 | 67,940 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income after provision for credit losses | 118,544 | 128,025 | 113,609 | 91,976 | 73,975 | 67,940 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-interest income: | |||||||||||||||||||||
Net gain (loss) on the sale and call of debt securities | |||||||||||||||||||||
3,948 | 416 | -70 | 310 | 77 | 33 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net gain (loss) on the sale and call of debt securities | 3,948 | 416 | -70 | 310 | 77 | 33 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net gain on the sale of loans | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net gain on the sale of loans | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unrealized net gain (loss) on swaps | |||||||||||||||||||||
- | - | - | - | - | -161 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unrealized net gain (loss) on swaps | - | - | - | - | - | -161 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Bank owned life insurance income | |||||||||||||||||||||
1,742 | 1,736 | 1,716 | 1,778 | 1,796 | 1,696 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Bank owned life insurance income | 1,742 | 1,736 | 1,716 | 1,778 | 1,796 | 1,696 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income (loss) | |||||||||||||||||||||
419 | 812 | -668 | 564 | 683 | 77 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income (loss) | 419 | 812 | -668 | 564 | 683 | 77 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total non-interest income | |||||||||||||||||||||
57,205 | 52,782 | 47,917 | 46,966 | 46,508 | 35,483 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 57,205 | 52,782 | 47,917 | 46,966 | 46,508 | 35,483 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-interest expense: | |||||||||||||||||||||
Compensation and employee benefits | |||||||||||||||||||||
71,197 | 69,176 | 64,771 | 59,316 | 54,522 | 46,136 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Compensation and employee benefits | 71,197 | 69,176 | 64,771 | 59,316 | 54,522 | 46,136 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premises and equipment expense | |||||||||||||||||||||
5,875 | 5,458 | 4,867 | 5,010 | 4,865 | 4,549 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premises and equipment expense | 5,875 | 5,458 | 4,867 | 5,010 | 4,865 | 4,549 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Professional fees | |||||||||||||||||||||
6,201 | 6,188 | 4,729 | 3,873 | 3,850 | 3,739 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Professional fees | 6,201 | 6,188 | 4,729 | 3,873 | 3,850 | 3,739 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
FDIC insurance expense | |||||||||||||||||||||
9,680 | 5,292 | 4,543 | 4,238 | 3,058 | 1,988 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
FDIC insurance expense | 9,680 | 5,292 | 4,543 | 4,238 | 3,058 | 1,988 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
General insurance expense | |||||||||||||||||||||
1,142 | 1,097 | 1,030 | 1,047 | 1,037 | 1,066 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
General insurance expense | 1,142 | 1,097 | 1,030 | 1,047 | 1,037 | 1,066 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
State capital shares tax expense | |||||||||||||||||||||
1,720 | 420 | 1,521 | 1,546 | 1,394 | 1,081 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
State capital shares tax expense | 1,720 | 420 | 1,521 | 1,546 | 1,394 | 1,081 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Travel and entertainment expense | |||||||||||||||||||||
2,423 | 4,620 | 3,816 | 3,118 | 3,062 | 2,761 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Travel and entertainment expense | 2,423 | 4,620 | 3,816 | 3,118 | 3,062 | 2,761 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Technology and data services | |||||||||||||||||||||
10,803 | 8,520 | 6,754 | 582 | 1,153 | 1,073 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Technology and data services | 10,803 | 8,520 | 6,754 | 582 | 1,153 | 1,073 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Charitable contributions | |||||||||||||||||||||
- | - | - | 1,057 | 996 | 1,021 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Charitable contributions | - | - | - | 1,057 | 996 | 1,021 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible amortization expense | |||||||||||||||||||||
1,944 | 2,009 | 1,968 | 1,900 | 1,753 | 1,558 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible amortization expense | 1,944 | 2,009 | 1,968 | 1,900 | 1,753 | 1,558 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Marketing and advertising | |||||||||||||||||||||
2,402 | 2,263 | 1,682 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Marketing and advertising | 2,402 | 2,263 | 1,682 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in fair value of acquisition earn out | |||||||||||||||||||||
- | - | -218 | - | -3,687 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in fair value of acquisition earn out | - | - | -218 | - | -3,687 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other operating expenses | |||||||||||||||||||||
9,716 | 7,106 | 5,694 | 9,834 | 6,791 | 5,071 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other operating expenses | 9,716 | 7,106 | 5,694 | 9,834 | 6,791 | 5,071 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total non-interest expense | |||||||||||||||||||||
123,103 | 112,149 | 101,157 | 91,472 | 78,794 | 70,043 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest expense | 123,103 | 112,149 | 101,157 | 91,472 | 78,794 | 70,043 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income before tax | |||||||||||||||||||||
52,646 | 68,658 | 60,369 | 47,470 | 41,689 | 33,380 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income before tax | 52,646 | 68,658 | 60,369 | 47,470 | 41,689 | 33,380 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax expense | |||||||||||||||||||||
7,412 | 8,465 | 5,945 | 9,482 | 13,048 | 10,892 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax expense | 7,412 | 8,465 | 5,945 | 9,482 | 13,048 | 10,892 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income | |||||||||||||||||||||
45,234 | 60,193 | 54,424 | 37,988 | 28,641 | 22,488 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 45,234 | 60,193 | 54,424 | 37,988 | 28,641 | 22,488 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Preferred stock dividends | |||||||||||||||||||||
7,873 | 5,753 | 2,120 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred stock dividends | 7,873 | 5,753 | 2,120 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income available to common shareholders | |||||||||||||||||||||
37,361 | 54,440 | 52,304 | 37,988 | 28,641 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income available to common shareholders | 37,361 | 54,440 | 52,304 | 37,988 | 28,641 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Earnings per common share: | |||||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||||
1.32 | 1.95 | 1.90 | 1.38 | 1.04 | 0.81 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 1.32 | 1.95 | 1.90 | 1.38 | 1.04 | 0.81 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in dollars per share) | |||||||||||||||||||||
1.30 | 1.89 | 1.81 | 1.32 | 1.01 | 0.80 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in dollars per share) | 1.30 | 1.89 | 1.81 | 1.32 | 1.01 | 0.80 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investment management fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
32,035 | 36,442 | 37,647 | 37,100 | 37,035 | 29,618 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 32,035 | 36,442 | 37,647 | 37,100 | 37,035 | 29,618 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Service charges on deposits | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
1,072 | 559 | 570 | 399 | 504 | 647 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 1,072 | 559 | 570 | 399 | 504 | 647 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Swap fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
16,274 | 11,029 | 7,311 | 5,353 | 4,384 | 1,551 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 16,274 | 11,029 | 7,311 | 5,353 | 4,384 | 1,551 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitment and other loan fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
1,715 | 1,788 | 1,411 | 1,462 | 2,029 | 2,022 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 1,715 | 1,788 | 1,411 | 1,462 | 2,029 | 2,022 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||