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 123,369 135,170 150,868 172,091 138,264
Interest on loans held for sale 312 544 387 279 647
Interest on deposits with banks 85 98 213 410 871

Interest and dividends on investment securities

Taxable 15,377 14,440 11,500 13,881 10,185
Exempt from federal income taxes 9,222 8,059 7,583 8,111 4,114
Interest on federal funds sold 1 1 5 27 20
Total interest income 148,366 158,312 170,556 194,799 154,101

Interest expense

Interest on deposits 4,791 5,878 8,161 13,256 15,810
Interest on retail repurchase agreements and federal funds purchased 164 255 290 337 216
Interest on advances from FHLB 12,982 13,081 11,610 12,426 10,416
Interest on subordinated debt 881 899 943 12 950
Total interest expense 18,818 20,113 21,004 26,031 27,392
Net interest income 129,548 138,199 149,552 168,768 126,709
Provision for loan losses (163) 5,371 5,546 2,977 3,730
Net interest income after provision for loan losses 129,711 132,828 144,006 165,791 122,979

Non-interest income

Investment securities gains 5 36 1,932 1,273 63
Service charges on deposit accounts 8,422 7,607 7,953 8,298 4,549
Mortgage banking activities 1,994 3,114 4,049 2,734 4,271
Wealth management income 19,086 19,931 17,805 19,146 10,448
Insurance agency commissions 4,996 5,176 5,408 6,231 3,004
Income from bank owned life insurance 2,444 2,571 2,462 2,403 3,001
Bank card fees 4,439 4,652 4,674 4,827 2,763
Other income 5,485 6,814 6,759 6,331 3,887
Total non-interest income 46,871 49,901 51,042 51,243 31,986

Non-interest expense

Salaries and employee benefits 66,387 71,003 71,354 73,132 48,576
Occupancy expense of premises 13,692 12,809 12,960 13,053 9,584
Equipment expense 5,188 6,071 6,883 7,015 4,468
Marketing 2,926 2,896 2,851 3,119 2,093
Outside data services 4,947 5,023 5,377 5,486 3,104
FDIC insurance 2,302 2,491 2,741 3,305 2,583
Amortization of intangible assets 821 372 130 101 1,082
Litigation expenses 6,519 NA NA NA NA
Merger expenses NA 0 0 4,252 11,186
Other expense 18,018 18,551 20,762 19,636 12,047
Total non-interest expense 120,800 115,347 123,058 129,099 94,723
Income before income taxes 55,782 67,382 71,990 87,935 60,242
Income tax expense 17,582 22,027 23,740 34,726 14,178
Net income 38,200 45,355 48,250 53,209 46,064

Per share information

Basic net income per share 1.53 1.84 2.00 2.20 1.29
Diluted net income per share 1.52 1.84 2.00 2.20 1.29
Dividends declared per common share 0.76 0.90 0.98 1.04 0.54

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 38,200 45,355 48,250 53,209 46,064

Other comprehensive income

Investments available-for-sale
Net change in unrealized gains/(losses) on investments available-for-sale 12,812 (2,520) (6,246) (294) (16,919)
Related income tax (expense)/benefit (5,089) 1,030 2,484 108 4,428
Net investment gains reclassified into earnings (5) (36) (1,932) (1,273) (63)
Related income tax expense 2 14 770 504 16
Net effect on other comprehensive income/(loss) for the period (5,573) 1,038 (393) 712 (12,538)
Defined benefit pension plan
Recognition of unrealized loss (9,235) 1,736 (651) 1,202 500
Related income tax benefit 3,662 (698) 258 (490) (184)
Net effect on other comprehensive income for the period 7,720 (1,512) (4,924) (955) 316
Total other comprehensive income/(loss) 2,147 (474) (5,317) (243) (12,222)
Comprehensive income 40,347 44,881 42,933 52,966 33,842
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.