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As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD

Interest Income

Interest and fees on loans 71,823 70,930 74,157 84,281 53,027

Interest on securities

Taxable 6,341 7,805 9,921 10,928 5,355
Tax-exempt 991 907 1,250 2,000 923
Other investments 1,400 1,200 1,195 1,100 595
Total Interest Income 80,555 80,842 86,523 98,309 59,900

Interest Expense

Deposits 4,967 4,009 4,941 6,775 5,496
Other borrowings 2,332 NA NA NA NA
Other borrowings and subordinated debentures NA 1,847 1,941 2,348 1,488
Total Interest Expense 7,299 5,856 6,882 9,123 6,984
Net Interest Income 73,256 74,986 79,641 89,186 52,916
Provision for loan losses (3,136) (2,714) (1,309) 1,199 965
Net Interest Income After Provision for Loan Losses 76,392 77,700 80,950 87,987 51,951

Non-interest Income

Service charges on deposit accounts 13,446 12,389 12,406 12,673 6,000
Interchange income 8,164 8,481 7,938 8,023 4,750

Net gains (losses) on assets

Mortgage loans 5,628 7,448 10,566 11,762 5,826
Securities 329 20 563 260 (164)

Other than temporary impairment loss on securities

Total impairment loss (9) NA NA NA NA
Loss recognized in other comprehensive income (loss) 0 NA NA NA NA
Net impairment loss recognized in earnings (9) NA NA NA NA
Mortgage loan servicing, net 791 1,751 2,222 1,647 3,456
Title insurance fees 995 NA NA NA NA
Net gain on branch sale 0 1,193 0 0 NA
Gain on extinguishment of debt 500 NA NA NA NA
Other 8,931 8,848 8,603 8,168 4,160
Total Non-interest Income 38,775 40,130 42,298 42,533 24,028

Non-interest Expense

Compensation and employee benefits 47,221 48,186 49,579 55,089 30,337
Occupancy, net 8,912 8,369 8,023 8,102 4,434
Data processing 7,532 7,944 7,952 7,657 4,129
Merger related expenses NA 0 0 284 3,256
Net (gains) losses on other real estate and repossessed assets (500) (180) 250 (606) NA
Provision for loss reimbursement on sold loans (466) NA NA NA NA
Litigation settlement expense 0 0 2,300 0 NA
Loss on sale of payment plan business 0 0 320 0 NA
Furniture, fixtures and equipment 4,137 3,892 3,912 3,870 1,986
Communications 2,926 2,957 3,142 2,684 1,384
Loan and collection 5,392 3,609 2,512 2,230 1,369
Interchange expense 1,291 1,125 1,111 1,156 1,259
Advertising 2,193 2,121 1,856 1,905 984
Legal and professional 1,969 2,013 1,742 1,892 834
FDIC deposit insurance 1,567 1,366 1,049 894 480
Credit card and bank service fees 946 797 791 529 202
Other 6,831 6,251 5,808 6,396 3,242
Total Non-interest Expense 89,951 88,450 90,347 92,082 53,896
Income Before Income Tax 25,216 29,380 32,901 38,438 22,083
Income tax expense 7,195 9,363 10,135 17,963 4,105
Net Income 18,021 20,017 22,766 20,475 17,978

Net Income Per Common Share

Basic 0.79 0.88 1.06 0.96 0.79
Diluted 0.77 0.86 1.05 0.95 0.78

Dividends Per Common Share

Declared 0.18 0.26 0.34 0.42 0.30
Paid NA NA NA NA 0.30

Condensed Consolidated Statements of Comprehensive Income

Net income 18,021 20,017 22,766 20,475 17,978

Other comprehensive income (loss), before tax

Securities available for sale
Unrealized gains (losses) arising during period 5,095 (540) (4,465) 4,065 (5,063)
Change in unrealized gains (losses) for which a portion of other than temporary impairment has been recognized in earnings 398 0 40 186 (3)
Reclassification adjustment for other than temporary impairment included in earnings 9 NA NA NA NA
Reclassification adjustments for (gains) losses included in earnings (329) (75) (301) (215) 45
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale 5,173 (615) (4,726) 4,036 (5,021)
Income tax expense (benefit) 1,811 (215) (1,654) 1,413 (1,054)
Unrealized gains (losses)recognized in other comprehensive income (loss) on securities available for sale, net of tax 3,362 (400) (3,072) 2,623 (3,967)
Derivative instruments
Unrealized gain arising during period NA 0 0 324 1,011
Reclassification adjustment for income recognized in earnings NA 0 0 18 (59)
Reclassification adjustment for accretion on settled derivatives 380 NA NA NA NA
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments 380 0 0 342 952
Income tax expense 133 0 0 120 200
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax 247 0 0 222 752
Other comprehensive income (loss) 3,609 (400) (3,072) 2,845 (3,215)
Comprehensive income 21,630 19,617 19,694 23,320 14,763
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.