| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Interest and fees on loans | $397.6M+6.9% | $372.0M+22.3% | $304.3M+66.0% | $183.4M+123.3% | $82.1M+32.6% | $61.9M+36.5% | $45.4M |
| Interest on interest earning deposits with other banks | $29.0M+36.2% | $21.3M+38.6% | $15.3M+128.1% | $6.7M+1006.6% | $608K-8.3% | $663K-72.6% | $2.4M |
| Interest on investment securities | $2.5M-17.3% | $3.1M-4.4% | $3.2M+83.2% | $1.7M+2108.9% | $79K-65.7% | $230K-63.8% | $635K |
| Dividends on other investments | $531K+22.1% | $435K+12.4% | $387K+12.2% | $345K+21.5% | $284K+20.9% | $235K+31.3% | $179K |
| Total interest income | $429.6M+8.3% | $396.8M+22.8% | $323.2M+68.2% | $192.2M+131.3% | $83.1M+31.8% | $63.0M+29.7% | $48.6M |
| Interest on deposits | $116.9M-3.3% | $120.9M+35.9% | $89.0M+368.3% | $19.0M+716.7% | $2.3M-45.7% | $4.3M-26.1% | $5.8M |
| Interest on borrowed funds | $2.6M-6.4% | $2.8M+6.5% | $2.6M+90.1% | $1.4M+5.5% | $1.3M-3.3% | $1.4M+76.2% | $774K |
| Total interest expense | $119.6M-3.4% | $123.7M+35.0% | $91.6M+349.3% | $20.4M+459.4% | $3.6M-35.5% | $5.7M-14.1% | $6.6M |
| Net interest income | $310.1M+13.6% | $273.0M+17.9% | $231.6M+34.8% | $171.8M+116.2% | $79.4M+38.4% | $57.4M+36.6% | $42.0M |
| PROVISION FOR CREDIT LOSSES | $192.6M-30.6% | $277.6M+50.9% | $184.0M+132.7% | $79.1M+697.4% | $9.9M | — | — |
| Net interest income/(expense) after provision for credit losses | $117.4M+2664.6% | -$4.6M-109.6% | $47.6M-48.7% | $92.7M+33.4% | $69.5M+41.7% | $49.1M+24.4% | $39.5M |
| Service charges and fees | $3.6M-4.8% | $3.7M-3.0% | $3.9M+1.3% | $3.8M+2.9% | $3.7M | — | — |
| Loan referral fees | $0-100.0% | $168K-75.4% | $683K-15.7% | $810K-61.9% | $2.1M | — | — |
| Gain on sales of loans, net | $0 | $0-100.0% | $253K | $0-100.0% | $396K+382.9% | $82K-83.3% | $490K |
| Unrealized gain (loss) on equity securities, net | -$414K-1633.3% | $27K-90.3% | $279K+282.4% | -$153K-110.4% | $1.5M+467.3% | -$400K | — |
| Other income | $3.3M+116.9% | $1.5M+72.4% | $884K-34.2% | $1.3M-27.7% | $1.9M+180.4% | $663K+36.1% | $487K |
| Noninterest income, excluding BaaS program income and BaaS indemnification income | $6.5M+18.2% | $5.5M-8.3% | $6.0M+2.5% | $5.8M-46.3% | $10.8M | — | — |
| Total noninterest income | $231.6M-24.9% | $308.2M+51.0% | $204.1M+66.0% | $122.9M+337.2% | $28.1M+243.7% | $8.2M-0.9% | $8.3M |
| Salaries and employee benefits | $85.8M+22.7% | $69.9M+5.2% | $66.5M+27.3% | $52.2M+40.8% | $37.1M+59.2% | $23.3M+22.9% | $19.0M |
| Occupancy | $4.0M+1.4% | $3.9M-5.7% | $4.2M-1.1% | $4.2M+2.2% | $4.1M+3.8% | $4.0M+5.4% | $3.8M |
| Data processing and software licenses | $23.5M+52.0% | $15.5M+65.5% | $9.3M+37.2% | $6.8M+37.7% | $5.0M+275.1% | $1.3M | — |
| Legal and professional expenses | $20.3M+30.6% | $15.5M+4.7% | $14.8M+119.0% | $6.8M+115.8% | $3.1M+77.8% | $1.8M+59.7% | $1.1M |
| Point of sale expense | $350K+7.7% | $325K-32.4% | $481K+30.7% | $368K-45.2% | $671K-71.4% | $2.3M+12.8% | $2.1M |
| Excise taxes | $2.9M+147.4% | $1.2M-41.6% | $2.0M-10.3% | $2.2M+38.7% | $1.6M+50.3% | $1.1M+47.0% | $719K |
| Federal Deposit Insurance Corporation ("FDIC") assessments | $3.2M+11.0% | $2.9M+13.4% | $2.5M-11.7% | $2.9M+75.2% | $1.6M+212.6% | $522K+183.7% | $184K |
| Director and staff expenses | $2.7M+25.8% | $2.1M-1.9% | $2.2M+25.8% | $1.7M+42.0% | $1.2M+50.6% | $800K-20.0% | $1.0M |
| Marketing | $631K+289.5% | $162K-68.7% | $517K+47.3% | $351K-22.2% | $451K+42.3% | $317K-19.3% | $393K |
| Other expense | $7.5M+15.5% | $6.5M+24.1% | $5.2M+12.3% | $4.7M+18.6% | $3.9M+62.0% | $2.4M+0.1% | $2.4M |
| Noninterest expense, excluding BaaS loan and BaaS fraud expense | $150.7M+27.8% | $117.9M+9.5% | $107.7M+31.0% | $82.2M+39.8% | $58.8M | — | — |
| BaaS loan and fraud expense | $8.0M-18.5% | $9.8M+37.3% | $7.2M-75.8% | $29.6M+1864.9% | $1.5M+411.9% | $294K | — |
| Total noninterest expense | $287.8M+16.8% | $246.3M+26.6% | $194.6M+17.9% | $165.0M+160.9% | $63.3M+66.0% | $38.1M+22.7% | $31.1M |
| Income before provision for income taxes | $61.2M+6.9% | $57.3M+0.3% | $57.1M+12.9% | $50.6M+47.3% | $34.4M+79.6% | $19.1M+14.9% | $16.7M |
| PROVISION FOR INCOME TAXES | $14.3M+17.8% | $12.1M-3.6% | $12.6M+25.6% | $10.0M+35.6% | $7.4M+84.5% | $4.0M+15.4% | $3.5M |
| NET INCOME | $47.0M+3.9% | $45.2M+1.4% | $44.6M+9.7% | $40.6M+50.4% | $27.0M+78.3% | $15.1M+14.7% | $13.2M |
| Basic earnings per common share (in usd per share) | $3120.00-6.9% | $3350.00-0.3% | $3360.00+7.0% | $3140.00+39.6% | $2250.00+77.2% | $1270.00+114314.4% | $1.11 |
| Diluted earnings per common share (in usd per share) | $3060.00-6.1% | $3260.00-0.3% | $3270.00+8.6% | $3010.00+39.4% | $2160.00+74.2% | $1240.00+114714.8% | $1.08 |
| Basic (in shares) | 15.05B+11.4% | 13.51B+1.9% | 13.26B+2.4% | 12.95B+7.7% | 12.02B+0.9% | 11.92B+100105.8% | 11.9M |
| Diluted (in shares) | 15.35B+10.6% | 13.88B+1.7% | 13.64B+0.9% | 13.51B+7.9% | 12.52B+2.6% | 12.21B+100008.6% | 12.2M |
| BaaS program income | |||||||
| Revenue from contract with customer | $8.0M-18.5% | $9.8M+37.3% | $7.2M-75.8% | $29.6M+1864.9% | $1.5M-51.3% | $3.1M-0.5% | $3.1M |
| BaaS indemnification income | |||||||
| Servicing and other BaaS fees | BaaS program income | |||||||
| Transaction and interchange fees | BaaS program income | |||||||
| Reimbursement of expenses | BaaS program income | |||||||
| BaaS credit enhancements | BaaS indemnification income | |||||||
| BaaS fraud enhancements | BaaS indemnification income | |||||||
| BaaS loan expense | |||||||
| BaaS fraud expense | |||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.