Tristate Capital Holdings (TSC) quarterly income statement covering the six quarters from September 2020 to March 2022, 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.
| Mar'22 | Sep'21 | Jun'21 | Mar'21 | Dec'20 | Sep'20 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||||||||||||||
Loans and leases | |||||||||||||||||||||
61,228 | 55,071 | 51,702 | 49,186 | 48,288 | 46,256 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loans and leases | 61,228 | 55,071 | 51,702 | 49,186 | 48,288 | 46,256 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investments | |||||||||||||||||||||
6,157 | 4,477 | 3,737 | 2,646 | 2,504 | 3,687 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Investments | 6,157 | 4,477 | 3,737 | 2,646 | 2,504 | 3,687 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest-earning deposits | |||||||||||||||||||||
192 | 157 | 116 | 160 | 218 | 279 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest-earning deposits | 192 | 157 | 116 | 160 | 218 | 279 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest income | |||||||||||||||||||||
67,577 | 59,705 | 55,555 | 51,992 | 51,010 | 50,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest income | 67,577 | 59,705 | 55,555 | 51,992 | 51,010 | 50,222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest expense: | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
10,746 | 10,480 | 10,106 | 10,754 | 12,107 | 13,898 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deposits | 10,746 | 10,480 | 10,106 | 10,754 | 12,107 | 13,898 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Borrowings | |||||||||||||||||||||
3,230 | 2,558 | 2,537 | 2,582 | 2,839 | 2,850 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Borrowings | 3,230 | 2,558 | 2,537 | 2,582 | 2,839 | 2,850 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest expense | |||||||||||||||||||||
13,976 | 13,038 | 12,643 | 13,336 | 14,946 | 16,748 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest expense | 13,976 | 13,038 | 12,643 | 13,336 | 14,946 | 16,748 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income | |||||||||||||||||||||
53,601 | 46,667 | 42,912 | 38,656 | 36,064 | 33,474 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income | 53,601 | 46,667 | 42,912 | 38,656 | 36,064 | 33,474 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision for credit losses | |||||||||||||||||||||
563 | - | 96 | 224 | 2,972 | 7,430 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision for credit losses | 563 | - | 96 | 224 | 2,972 | 7,430 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Provision (credit) for loan and lease losses | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Provision (credit) for loan and lease losses | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net interest income after provision for credit losses | |||||||||||||||||||||
53,038 | 46,667 | 42,816 | 38,432 | 33,092 | 26,044 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net interest income after provision for credit losses | 53,038 | 46,667 | 42,816 | 38,432 | 33,092 | 26,044 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-interest income: | |||||||||||||||||||||
Net gain (loss) on the sale and call of debt securities | |||||||||||||||||||||
- | 33 | 98 | -1 | 133 | 3,744 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net gain (loss) on the sale and call of debt securities | - | 33 | 98 | -1 | 133 | 3,744 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Bank owned life insurance income | |||||||||||||||||||||
606 | 613 | 480 | 429 | - | 441 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Bank owned life insurance income | 606 | 613 | 480 | 429 | - | 441 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income (loss) | |||||||||||||||||||||
-270 | -28 | 13 | 870 | -423 | 40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income (loss) | -270 | -28 | 13 | 870 | -423 | 40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total non-interest income | |||||||||||||||||||||
15,097 | 14,230 | 14,844 | 13,651 | 14,003 | 16,889 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 15,097 | 14,230 | 14,844 | 13,651 | 14,003 | 16,889 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-interest expense: | |||||||||||||||||||||
Compensation and employee benefits | |||||||||||||||||||||
24,994 | 21,701 | 20,937 | 19,921 | 18,658 | 18,524 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Compensation and employee benefits | 24,994 | 21,701 | 20,937 | 19,921 | 18,658 | 18,524 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premises and equipment expense | |||||||||||||||||||||
1,989 | 1,520 | 1,173 | 1,406 | 1,486 | 1,488 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premises and equipment expense | 1,989 | 1,520 | 1,173 | 1,406 | 1,486 | 1,488 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Professional fees | |||||||||||||||||||||
2,280 | 2,310 | 2,124 | 1,324 | 2,026 | 1,596 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Professional fees | 2,280 | 2,310 | 2,124 | 1,324 | 2,026 | 1,596 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
FDIC insurance expense | |||||||||||||||||||||
1,584 | 1,375 | 1,125 | 1,125 | 1,920 | 3,030 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
FDIC insurance expense | 1,584 | 1,375 | 1,125 | 1,125 | 1,920 | 3,030 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
General insurance expense | |||||||||||||||||||||
371 | 363 | 341 | 298 | 308 | 294 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
General insurance expense | 371 | 363 | 341 | 298 | 308 | 294 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
State capital shares tax expense | |||||||||||||||||||||
798 | 790 | 777 | 650 | 605 | 366 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
State capital shares tax expense | 798 | 790 | 777 | 650 | 605 | 366 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Travel and entertainment expense | |||||||||||||||||||||
696 | 755 | 639 | 441 | 688 | 592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Travel and entertainment expense | 696 | 755 | 639 | 441 | 688 | 592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Technology and data services | |||||||||||||||||||||
4,123 | 4,274 | 3,687 | 3,100 | 3,509 | 2,576 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Technology and data services | 4,123 | 4,274 | 3,687 | 3,100 | 3,509 | 2,576 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible amortization expense | |||||||||||||||||||||
478 | 477 | 478 | 478 | 478 | 478 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible amortization expense | 478 | 477 | 478 | 478 | 478 | 478 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Marketing and advertising | |||||||||||||||||||||
896 | 984 | 898 | 684 | 709 | 394 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Marketing and advertising | 896 | 984 | 898 | 684 | 709 | 394 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in fair value of acquisition earn out | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in fair value of acquisition earn out | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other operating expenses | |||||||||||||||||||||
2,976 | 3,459 | 2,246 | 1,851 | 4,049 | 2,089 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other operating expenses | 2,976 | 3,459 | 2,246 | 1,851 | 4,049 | 2,089 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total non-interest expense | |||||||||||||||||||||
41,185 | 38,008 | 34,425 | 31,278 | 34,436 | 31,427 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest expense | 41,185 | 38,008 | 34,425 | 31,278 | 34,436 | 31,427 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income (loss) before tax | |||||||||||||||||||||
26,950 | 22,889 | - | 20,805 | - | 11,506 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income (loss) before tax | 26,950 | 22,889 | - | 20,805 | - | 11,506 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income before tax | |||||||||||||||||||||
- | - | 23,235 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income before tax | - | - | 23,235 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax expense | |||||||||||||||||||||
5,309 | 2,873 | 4,455 | 4,605 | 50 | 2,177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax expense | 5,309 | 2,873 | 4,455 | 4,605 | 50 | 2,177 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income | |||||||||||||||||||||
21,641 | 20,016 | 18,780 | 16,200 | 12,609 | 9,329 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income | 21,641 | 20,016 | 18,780 | 16,200 | 12,609 | 9,329 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Preferred stock dividends | |||||||||||||||||||||
3,133 | 3,097 | 3,077 | 3,059 | 1,987 | 1,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred stock dividends | 3,133 | 3,097 | 3,077 | 3,059 | 1,987 | 1,962 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income available to common shareholders | |||||||||||||||||||||
18,508 | 16,919 | 15,703 | 13,141 | 10,622 | 7,367 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income available to common shareholders | 18,508 | 16,919 | 15,703 | 13,141 | 10,622 | 7,367 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Earnings per common share: | |||||||||||||||||||||
Basic (in dollars per share) | |||||||||||||||||||||
0.49 | 0.46 | 0.42 | 0.36 | 0.37 | 0.26 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic (in dollars per share) | 0.49 | 0.46 | 0.42 | 0.36 | 0.37 | 0.26 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted (in dollars per share) | |||||||||||||||||||||
0.48 | 0.44 | 0.41 | 0.35 | 0.36 | 0.26 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted (in dollars per share) | 0.48 | 0.44 | 0.41 | 0.35 | 0.36 | 0.26 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investment management fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
9,085 | 9,436 | 9,451 | 9,000 | 8,564 | 8,095 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 9,085 | 9,436 | 9,451 | 9,000 | 8,564 | 8,095 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Service charges on deposits | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
415 | 377 | 325 | 316 | 309 | 235 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 415 | 377 | 325 | 316 | 309 | 235 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Swap fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
4,660 | 3,059 | 3,913 | 2,711 | 4,095 | 3,953 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 4,660 | 3,059 | 3,913 | 2,711 | 4,095 | 3,953 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitment and other loan fees | |||||||||||||||||||||
Total non-interest income | |||||||||||||||||||||
601 | 740 | 564 | 326 | 453 | 381 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total non-interest income | 601 | 740 | 564 | 326 | 453 | 381 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||