CONSOLIDATED STATEMENTS OF INCOME
FCS Financial, ACA
(in thousands)
For the year ended December 31
2017 2016 2015
$156,490
62,782 $143,760
53,717 $130,781
44,095
93,708
-- 90,043
1,000 86,686
500
93,708 89,043 86,186
19,180
4,261
2,587
371 13,438
4,161
3,559
(262) 11,736
4,259
3,831
523
26,399 20,896 20,349
Operating expenses
Salaries and employee benefits
Other operating expenses 27,992
19,999 28,237
19,116 28,850
17,094
Total operating expenses 47,991 47,353 45,944
Income before income taxes 72,116 62,586 60,591
Provision for income taxes 1,974 1,020 8
$70,142 $61,566 $60,583
Interest income
Interest expense
Net interest income
Provision for loan losses
Net interest income after provision for loan losses
Other income
Patronage income
Financially related services income
Fee income
Miscellaneous income (loss), net
Total other income
Net income
The accompanying notes are an integral part of these Consolidated Financial Statements.
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