As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Interest income

Interest and fees on loans 81,468 82,453 83,575 92,296 77,540
Interest and dividends on investment securities 17,463 18,602 21,875 22,917 17,736
Other interest income NA 0 0 18 67
Total interest income 98,931 101,055 105,450 115,231 95,343

Interest expense

Deposits 6,600 6,366 7,306 8,458 7,820
Short-term borrowings 737 915 1,081 1,612 2,815
Long-term borrowings 0 0 1,750 2,471 1,853
Total interest expense 7,337 7,281 10,137 12,541 12,488
Net interest income 91,594 93,774 95,313 102,690 82,855
Provision for loan losses 9,079 7,789 7,381 9,638 9,415
Net interest income after provision for loan losses 82,515 85,985 87,932 93,052 73,440

Noninterest income

Service charges on deposits 9,948 8,954 7,742 7,280 5,486
Insurance income 262 2,399 5,166 5,396 4,052
ATM and debit card 5,098 4,963 5,084 5,687 4,230
Investment advisory 2,345 2,138 2,193 5,208 4,357
Company owned life insurance 1,706 1,753 1,962 2,808 1,367
Investments in limited partnerships 857 1,103 895 300 91
Loan servicing 570 568 503 436 348
Net gain on sale of loans held for sale 117 313 249 240 270
Net gain on investment securities 1,226 2,041 1,988 2,695 600
Net gain on other assets (103) 69 27 313 25
Amortization of tax credit investment 0 (2,323) (390) 0 NA
Contingent consideration liability adjustment NA 0 1,093 1,170 1,200
Other 2,807 3,372 3,825 4,227 3,717
Total noninterest income 24,833 25,350 30,337 35,760 25,743

Noninterest expense

Salaries and employee benefits 37,828 38,595 42,439 45,215 35,703
Occupancy and equipment 12,366 12,829 13,856 14,529 12,235
Professional services 3,836 4,760 4,502 6,184 3,741
Computer and data processing 2,848 3,016 3,186 3,402 3,691
Supplies and postage 2,342 2,053 2,155 2,047 1,496
FDIC assessments 1,464 1,592 1,719 1,735 1,366
Advertising and promotions 896 972 1,165 1,695 939
Amortization of intangibles NA NA NA NA 876
Goodwill impairment 0 0 751 0 1,575
Other 7,861 8,538 9,620 9,864 5,728
Total noninterest expense 69,441 72,355 79,393 84,671 67,350
Income before income taxes 37,907 38,980 38,876 44,141 31,833
Income tax expense 12,377 9,625 10,539 12,210 9,365
Net income 25,530 29,355 28,337 31,931 22,468
Preferred stock dividends 1,466 1,462 1,462 1,462 1,097
Net income available to common shareholders 24,064 27,893 26,875 30,469 21,371

Earnings per common share

Basic 1.75 2.01 1.91 2.11 1.44
Diluted 1.75 2.00 1.90 2.10 1.44
Cash dividends declared per common share 0.74 0.77 0.80 0.81 0.63

Weighted average common shares outstanding

Basic 13,739 13,893 14,081 14,436 14,806
Diluted 13,784 13,946 14,135 14,491 14,847

Consolidated Statements of Comprehensive Income

Net income 25,530 29,355 28,337 31,931 22,468

Other comprehensive income (loss), net of tax

Net unrealized gains (losses) on securities available for sale (21,397) 6,962 (2,321) (3,033) 2,600
Pension and post-retirement obligations 7,957 (5,786) 5 409 513
Total other comprehensive income (loss), net of tax (13,440) 1,176 (2,316) (2,624) 3,113
Comprehensive income 12,090 30,531 26,021 29,307 25,581
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.