As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Interest income

Interest and fees on loans 135,170 150,868 172,091 293,131 239,028
Interest on loans held for sale 544 387 279 1,245 1,145
Interest on deposits with banks 98 213 410 1,304 1,405

Interest and dividends on investment securities

Taxable 14,440 11,500 13,881 20,516 16,302
Exempt from federal income taxes 8,059 7,583 8,111 7,855 4,591
Interest on federal funds sold 1 5 27 31 8
Total interest income 158,312 170,556 194,799 324,082 262,479

Interest expense

Interest on deposits 5,878 8,161 13,256 39,139 46,958
Interest on retail repurchase agreements and federal funds purchased 255 290 337 1,169 945
Interest on advances from FHLB 13,081 11,610 12,426 21,408 13,389
Interest on subordinated debt 899 943 12 1,921 1,462
Total interest expense 20,113 21,004 26,031 63,637 62,754
Net interest income 138,199 149,552 168,768 260,445 199,725
Provision for loan losses 5,371 5,546 2,977 9,023 3,029
Net interest income after provision for loan losses 132,828 144,006 165,791 251,422 196,696

Non-interest income

Investment securities gains 36 1,932 1,273 190 20
Service charges on deposit accounts 7,607 7,953 8,298 9,324 7,265
Mortgage banking activities 3,114 4,049 2,734 7,073 10,541
Wealth management income 19,931 17,805 19,146 21,284 16,268
Insurance agency commissions 5,176 5,408 6,231 6,158 5,281
Income from bank owned life insurance 2,571 2,462 2,403 4,327 2,505
Bank card fees 4,652 4,674 4,827 5,567 4,181
Other income 6,814 6,759 6,331 7,126 6,037
Total non-interest income 49,901 51,042 51,243 61,049 52,098

Non-interest expense

Salaries and employee benefits 71,003 71,354 73,132 96,998 77,699
Occupancy expense of premises 12,809 12,960 13,053 18,352 14,807
Equipment expense 6,071 6,883 7,015 9,335 7,929
Marketing 2,896 2,851 3,119 3,924 3,371
Outside data services 5,023 5,377 5,486 6,603 5,713
FDIC insurance 2,491 2,741 3,305 5,095 2,137
Amortization of intangible assets 372 130 101 2,162 1,465
Litigation expenses (3,869) NA NA NA NA
Merger expenses 0 0 4,252 11,766 364
Professional fees and services NA NA NA NA 4,425
Other expenses 18,551 20,762 19,636 25,548 15,094
Total non-interest expense 115,347 123,058 129,099 179,783 133,004
Income before income taxes 67,382 71,990 87,935 132,688 115,790
Income tax expense 22,027 23,740 34,726 31,824 27,814
Net income 45,355 48,250 53,209 100,864 87,976

Per share information

Basic net income per share 1.84 2.00 2.20 2.82 2.46
Diluted net income per share 1.84 2.00 2.20 2.82 2.45
Dividends declared per common share 0.90 0.98 1.04 1.10 0.88

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 45,355 48,250 53,209 100,864 87,976

Other comprehensive income

Investments available-for-sale
Net change in unrealized gains/(losses) on investments available-for-sale (2,520) (6,246) (294) (9,925) 16,893
Related income tax expense/(benefit) 1,030 2,484 108 2,600 (4,418)
Net investment gains reclassified into earnings (36) (1,932) (1,273) (190) (20)
Related income tax expense 14 770 504 50 5
Net effect on other comprehensive income/(loss) for the period (1,512) (4,924) (955) (7,465) 12,460
Defined benefit pension plan
Recognition of unrealized loss 1,736 (651) 1,202 135 794
Related income tax benefit (698) 258 (490) (90) (208)
Net effect on other comprehensive income for the period 1,038 (393) 712 45 586
Total other comprehensive income/(loss) (474) (5,317) (243) (7,420) 13,046
Comprehensive income 44,881 42,933 52,966 93,444 101,022
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.