As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD

Interest income

Interest and fees on loans 135,170 150,868 172,091 293,131 159,861
Interest on loans held for sale 544 387 279 1,245 573
Interest on deposits with banks 98 213 410 1,304 622

Interest and dividends on investment securities

Taxable 14,440 11,500 13,881 20,516 11,081
Exempt from federal income taxes 8,059 7,583 8,111 7,855 3,254
Interest on federal funds sold 1 5 27 31 6
Total interest income 158,312 170,556 194,799 324,082 175,397

Interest expense

Interest on deposits 5,878 8,161 13,256 39,139 30,626
Interest on retail repurchase agreements and federal funds purchased 255 290 337 1,169 688
Interest on advances from FHLB 13,081 11,610 12,426 21,408 10,167
Interest on subordinated debt 899 943 12 1,921 981
Total interest expense 20,113 21,004 26,031 63,637 42,462
Net interest income 138,199 149,552 168,768 260,445 132,935
Provision for loan losses 5,371 5,546 2,977 9,023 1,505
Net interest income after provision for loan losses 132,828 144,006 165,791 251,422 131,430

Non-interest income

Investment securities gains 36 1,932 1,273 190 5
Service charges on deposit accounts 7,607 7,953 8,298 9,324 4,749
Mortgage banking activities 3,114 4,049 2,734 7,073 6,133
Wealth management income 19,931 17,805 19,146 21,284 10,775
Insurance agency commissions 5,176 5,408 6,231 6,158 3,165
Income from bank owned life insurance 2,571 2,462 2,403 4,327 1,843
Bank card fees 4,652 4,674 4,827 5,567 2,719
Other income 6,814 6,759 6,331 7,126 4,136
Total non-interest income 49,901 51,042 51,243 61,049 33,525

Non-interest expense

Salaries and employee benefits 71,003 71,354 73,132 96,998 51,465
Occupancy expense of premises 12,809 12,960 13,053 18,352 9,991
Equipment expense 6,071 6,883 7,015 9,335 5,288
Marketing 2,896 2,851 3,119 3,924 1,830
Outside data services 5,023 5,377 5,486 6,603 3,740
FDIC insurance 2,491 2,741 3,305 5,095 2,220
Amortization of intangible assets 372 130 101 2,162 974
Litigation expenses (3,869) NA NA NA NA
Merger expenses 0 0 4,252 11,766 0
Professional fees and services NA NA NA NA 2,879
Other expenses 18,551 20,762 19,636 25,548 9,692
Total non-interest expense 115,347 123,058 129,099 179,783 88,079
Income before income taxes 67,382 71,990 87,935 132,688 76,876
Income tax expense 22,027 23,740 34,726 31,824 18,283
Net income 45,355 48,250 53,209 100,864 58,593

Per share information

Basic net income per share 1.84 2.00 2.20 2.82 1.64
Diluted net income per share 1.84 2.00 2.20 2.82 1.63
Dividends declared per common share 0.90 0.98 1.04 1.10 0.58

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 45,355 48,250 53,209 100,864 58,593

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) 15,981
Related income tax expense/(benefit) 1,030 2,484 108 2,600 (4,179)
Net investment gains reclassified into earnings (36) (1,932) (1,273) (190) (5)
Related income tax expense 14 770 504 50 1
Net effect on other comprehensive income/(loss) for the period (1,512) (4,924) (955) (7,465) 11,798
Defined benefit pension plan
Recognition of unrealized loss 1,736 (651) 1,202 135 530
Related income tax benefit (698) 258 (490) (90) (139)
Net effect on other comprehensive income for the period 1,038 (393) 712 45 391
Total other comprehensive income/(loss) (474) (5,317) (243) (7,420) 12,189
Comprehensive income 44,881 42,933 52,966 93,444 70,782
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.