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
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

Interest Income

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

Interest and dividends on investment securities

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

Interest Expense

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

Non-interest Income

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

Non-interest Expenses

Salaries and employee benefits 66,387 71,003 71,354 73,132
Occupancy expense of premises 13,692 12,809 12,960 13,053
Equipment expenses 5,188 6,071 6,883 7,015
Marketing 2,926 2,896 2,851 3,119
Outside data services 4,947 5,023 5,377 5,486
FDIC insurance 2,302 2,491 2,741 3,305
Amortization of intangible assets 821 372 130 101
Litigation expenses 6,519 (3,869) 0 0
Merger expenses NA 0 0 4,252
Other expenses 18,018 18,551 20,762 19,636
Total non-interest expenses 120,800 115,347 123,058 129,099
Income before income taxes 55,782 67,382 71,990 87,935
Income tax expense 17,582 22,027 23,740 34,726
Net income 38,200 45,355 48,250 53,209

Net Income Per Share Amounts

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

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

Other comprehensive income

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