TriState Capital Holdings, Inc. TSC Income Statement

Tristate capital holdings, inc. (TSC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Interest income:
Loans and leases
58,918	59,936	61,551	60,579	57,262	53,238	48,470	44,614	39,027	35,679	33,604	30,242	27,019	24,563	23,369	22,343	21,977	20,701	19,863	19,541	19,100	19,960	18,769	18,184	17,324	17,795	17,252	17,217	16,338	17,540	17,197	16,610	15,921
Interest and Dividend Income, Securities, Operating
3,901	3,827	3,993	4,151	4,353	3,706	2,893	2,300	1,784	1,681	1,531	1,535	1,470	1,486	1,400	1,312	1,245	1,339	1,040	851	792	1,056	797	633	833	974	1,002	800	907	881	812	752	729
Interest-earning deposits
1,383	1,711	2,188	1,609	1,287	1,218	1,061	870	605	508	440	338	248	183	156	140	138	91	86	89	103	89	115	174	151	116	130	166	154	186	137	111	158
Interest and Dividend Income, Operating
64,202	65,474	67,732	66,339	62,902	58,162	52,424	47,784	41,416	37,868	35,575	32,115	28,737	26,232	24,925	23,795	23,360	22,131	20,989	20,481	19,995	21,105	19,681	18,991	18,308	18,885	18,384	18,183	17,399	18,607	18,146	17,473	16,808
Interest expense:
Deposits
27,244	29,990	34,114	32,155	29,333	26,214	22,182	16,696	13,401	11,672	10,604	8,496	6,713	5,879	5,187	4,603	4,138	3,546	3,274	3,176	2,892	2,740	2,754	2,692	2,425	2,479	2,591	2,877	3,034	3,291	3,325	3,448	3,587
Interest Expense, Borrowings
2,036	2,418	1,302	2,881	3,197	2,416	1,423	2,297	1,753	1,397	1,366	1,586	1,108	840	1,034	973	845	766	710	632	647	677	681	261	21	22	21	22	21	21	2	0	0
Interest Expense
29,280	32,408	35,416	35,036	32,530	28,630	23,605	18,993	15,154	13,069	11,970	10,082	7,821	6,719	6,221	5,576	4,983	4,312	3,984	3,808	3,539	3,417	3,435	2,953	2,446	2,501	2,612	2,899	3,055	3,312	3,327	3,448	3,587
Net interest income
34,922	33,066	32,316	31,303	30,372	29,532	28,819	28,791	26,262	24,799	23,605	22,033	20,916	19,513	18,704	18,219	18,377	17,819	17,005	16,673	16,456	17,688	16,246	16,038	15,862	16,384	15,772	15,284	14,344	15,295	14,819	14,025	13,221
Provision (credit) for loan and lease losses
2,993	728	-607	-712	-377	-581	-234	415	195	-1,665	283	516	243	1,178	-542	80	122	244	-1,341	185	925	-209	651	9,109	608	473	4,911	671	2,132	3,024	1,537	2,393	1,231
Net interest income after provision for loan and lease losses
31,929	32,338	32,923	32,015	30,749	30,113	29,053	28,376	26,067	26,464	23,322	21,517	20,673	18,335	19,246	18,139	18,255	17,575	18,346	16,488	15,531	17,897	15,595	6,929	15,254	15,911	10,861	14,613	12,212	12,271	13,282	11,632	11,990
Non-interest income:
Net gain on the sale and call of debt securities
57	70	206	112	28	-76	0	1	5	56	15	241	-2	0	14	62	1	16	0	0	17	0	0	414	1,014	13	0	0	784	0	99	1,015	0
Other income
616	-1,293	371	587	1,147	-2,060	523	407	462	-1,090	567	617	470	27	551	88	17	-1,081	63	696	399	-921	595	303	234	-774	329	346	296	-230	381	181	204
Total non-interest income
13,316	13,491	14,243	11,979	13,069	11,575	12,751	12,502	11,089	12,139	11,706	11,712	11,409	13,649	12,497	11,447	8,915	8,834	8,015	9,576	9,058	8,658	9,290	9,121	4,480	1,588	1,118	1,304	1,788	1,120	1,545	2,510	1,024
Non-interest expense:
Compensation and employee benefits
17,446	16,709	18,707	16,985	16,775	16,594	16,967	15,742	15,468	16,518	14,683	14,222	13,893	15,118	14,664	12,807	11,933	11,605	11,513	11,604	11,414	11,594	11,225	9,991	8,238	6,110	5,904	6,266	6,276	6,195	6,333	5,903	5,675
Premises and occupancy costs
1,909	1,933	1,704	1,834	1,270	1,594	1,432	1,264	1,290	1,247	1,257	1,240	1,266	1,282	1,285	1,169	1,129	1,110	1,173	1,144	1,122	1,016	1,000	1,010	905	859	777	774	780	767	758	658	643
Professional fees
1,470	2,482	1,305	1,406	995	1,191	889	1,554	1,095	1,231	968	823	851	1,367	693	989	801	1,149	829	885	876	790	846	895	900	1,720	768	907	703	841	811	685	688
FDIC insurance expense
2,170	1,830	994	1,047	1,421	1,210	1,053	1,134	1,146	1,164	1,121	1,000	953	1,035	933	568	522	514	461	545	468	501	565	454	408	401	375	322	365	365	343	271	418
General insurance expense
262	286	258	259	294	263	278	242	247	242	245	259	301	269	258	265	245	239	220	313	294	330	301	281	253	242	249	212	137	-	-	-	-
State capital shares tax
383	380	-720	380	380	125	485	484	427	398	398	398	352	408	329	328	329	189	310	309	273	305	111	313	314	99	368	337	320	-139	321	311	313
Travel and entertainment expense
864	1,406	1,339	1,040	835	1,178	986	1,006	646	928	828	747	615	922	718	845	577	888	711	636	526	681	597	691	435	445	447	374	285	350	282	337	262
Data processing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	268	275	268	262	236	230	233	223	211	203	202	177	221	190	224	208
Intangible amortization expense
502	494	502	502	502	503	502	502	461	512	463	462	463	462	463	438	390	389	390	390	389	390	389	390	130	0	0	0	0	-	-	-	-
Change in fair value of acquisition earn out
-	-	-	-	-	-218	-	-	-	-	-	-	-	-	-1,209	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expenses
4,138	1,585	3,684	4,132	4,200	26,018	3,094	3,390	3,070	1,888	2,849	2,633	2,464	283	2,380	2,048	2,080	686	1,419	1,488	1,478	770	1,409	1,226	986	269	925	566	585	-79	956	863	555
Total non-interest expense
29,144	30,119	27,773	27,585	26,672	26,303	25,686	25,318	23,850	25,718	22,812	21,784	21,158	20,817	20,514	19,457	18,006	18,058	17,301	17,582	17,102	19,378	16,673	15,484	12,792	11,211	10,016	9,960	9,628	9,857	9,994	9,252	8,762
Income before tax
16,101	15,710	19,393	16,409	17,146	15,385	16,118	15,560	13,306	12,885	12,216	11,445	10,924	11,167	11,229	10,129	9,164	8,351	9,060	8,482	7,487	7,177	8,212	566	6,942	6,288	1,963	5,957	4,372	3,534	4,833	4,890	4,252
Income Tax Expense (Benefit)
3,206	1,106	3,059	1,718	2,582	265	1,807	968	2,905	842	2,184	3,024	3,432	3,596	2,775	3,356	3,321	2,765	2,942	2,754	2,431	2,085	2,506	52	2,326	1,478	633	2,085	1,517	1,578	1,881	1,912	1,466
Net income
12,895	14,604	16,334	14,691	14,564	15,120	14,311	14,592	10,401	12,043	10,032	8,421	7,492	7,571	8,454	6,773	5,843	5,586	6,118	5,728	5,056	5,092	5,706	514	4,616	4,810	1,330	3,872	2,855	1,956	2,952	2,978	2,786
Preferred stock dividends
1,962	1,962	1,962	1,150	679	679	679	762	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	760	383	382
Net income available to common shareholders
10,933	12,642	14,372	13,541	13,885	14,441	13,632	13,830	10,401	-	10,032	8,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,855	1,956	2,192	2,595	2,404
Earnings Per Share [Abstract]
Basic (in usd per share)
0.39	0.44	0.52	0.49	0.50	0.52	0.49	0.50	0.38	0.44	0.36	0.31	0.27	0.27	0.31	0.25	0.21	0.20	0.22	0.21	0.18	0.18	0.20	0.02	0.16	0.16	0.05	0.15	0.13	0.07	0.11	0.15	0.14
Diluted (in usd per share)
0.38	0.44	0.50	0.47	0.48	0.50	0.47	0.48	0.36	0.42	0.35	0.29	0.26	0.26	0.30	0.24	0.21	0.20	0.22	0.20	0.18	0.17	0.20	0.02	0.16	0.15	0.05	0.15	0.13	0.07	0.11	0.15	0.14
Investment management fees
Total non-interest income
7,638	8,862	8,902	9,254	9,424	9,225	9,828	9,686	8,908	9,416	9,214	9,130	9,340	10,221	10,333	9,462	7,019	7,429	7,020	7,514	7,655	7,681	7,418	7,509	2,454	0	0	0	0	-	-	-	-
Service charges on deposits
Total non-interest income
213	216	129	78	136	150	146	140	134	112	96	97	94	111	134	123	136	160	148	176	163	157	163	154	130	126	120	123	113	111	123	106	93
Swap fees
Total non-interest income
4,373	3,363	4,171	1,692	1,803	2,245	1,881	1,937	1,248	1,645	1,391	1,218	1,099	962	977	1,205	1,240	240	297	697	317	206	563	255	154	518	163	321	54	129	61	463	250
Commitment and other loan fees
Total non-interest income
419	537	464	256	531	375	373	331	332	222	423	409	408	532	488	507	502	535	487	493	507	514	551	486	494	499	506	514	541	613	881	745	477