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 Q1 YTD 3/31/2019 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 Q1 YTD 3/31/2019 USD

Interest Income

Interest and fees on loans 135,170 150,868 172,091 293,131 80,397
Interest on loans held for sale 544 387 279 1,245 192
Interest on deposits with banks 98 213 410 1,304 194

Interest and dividends on investment securities

Taxable 14,440 11,500 13,881 20,516 5,685
Exempt from federal income taxes 8,059 7,583 8,111 7,855 1,710
Interest on federal funds sold 1 5 27 31 5
Total interest income 158,312 170,556 194,799 324,082 88,183

Interest Expense

Interest on deposits 5,878 8,161 13,256 39,139 14,480
Interest on retail repurchase agreements and federal funds purchased 255 290 337 1,169 398
Interest on advances from FHLB 13,081 11,610 12,426 21,408 6,064
Interest on subordinated debt 899 943 12 1,921 491
Total interest expense 20,113 21,004 26,031 63,637 21,433
Net interest income 138,199 149,552 168,768 260,445 66,750
Provision (credit) for loan losses 5,371 5,546 2,977 9,023 (128)
Net interest income after provision for loan losses 132,828 144,006 165,791 251,422 66,878

Non-interest Income

Investment securities gains 36 1,932 1,273 190 0
Service charges on deposit accounts 7,607 7,953 8,298 9,324 2,307
Mortgage banking activities 3,114 4,049 2,734 7,073 2,863
Wealth management income 19,931 17,805 19,146 21,284 5,236
Insurance agency commissions 5,176 5,408 6,231 6,158 1,900
Income from bank owned life insurance 2,571 2,462 2,403 4,327 1,189
Bank card fees 4,652 4,674 4,827 5,567 1,252
Other income 6,814 6,759 6,331 7,126 2,222
Total non-interest income 49,901 51,042 51,243 61,049 16,969

Non-interest Expenses

Salaries and employee benefits 71,003 71,354 73,132 96,998 25,976
Occupancy expense of premises 12,809 12,960 13,053 18,352 5,231
Equipment expenses 6,071 6,883 7,015 9,335 2,576
Marketing 2,896 2,851 3,119 3,924 943
Outside data services 5,023 5,377 5,486 6,603 1,778
FDIC insurance 2,491 2,741 3,305 5,095 1,136
Amortization of intangible assets 372 130 101 2,162 491
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 1,245
Other expenses 18,551 20,762 19,636 25,548 4,816
Total non-interest expenses 115,347 123,058 129,099 179,783 44,192
Income before income taxes 67,382 71,990 87,935 132,688 39,655
Income tax expense 22,027 23,740 34,726 31,824 9,338
Net income 45,355 48,250 53,209 100,864 30,317

Net Income Per Share Amounts

Basic net income per share 1.84 2.00 2.20 2.82 0.85
Diluted net income per share 1.84 2.00 2.20 2.82 0.85
Dividends declared per common share 0.90 0.98 1.04 1.10 0.28

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 45,355 48,250 53,209 100,864 30,317

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) 8,814
Related income tax (expense)/benefit (698) 258 (490) (90) (2,306)
Net investment gains reclassified into earnings (36) (1,932) (1,273) (190) 0
Related income tax expense 1,030 2,484 108 2,600 0
Net effect on other comprehensive income for the period (1,512) (4,924) (955) (7,465) 6,508
Defined benefit pension plan
Recognition of unrealized loss 1,736 (651) 1,202 135 265
Related income tax expense 14 770 504 50 (69)
Net effect on other comprehensive income for the period 1,038 (393) 712 45 196
Total other comprehensive income (loss) (474) (5,317) (243) (7,420) 6,704
Comprehensive income 44,881 42,933 52,966 93,444 37,021
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.