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 Q2 YTD 6/30/2017 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 Q2 YTD 6/30/2017 USD

Interest income

Interest and fees on loans 81,468 82,453 83,575 92,296 50,085
Interest and dividends on investment securities 17,463 18,602 21,875 22,917 11,795
Other interest income NA 0 0 18 67
Total interest income 98,931 101,055 105,450 115,231 61,947

Interest expense

Deposits 6,600 6,366 7,306 8,458 4,731
Short-term borrowings 737 915 1,081 1,612 1,564
Long-term borrowings 0 0 1,750 2,471 1,235
Total interest expense 7,337 7,281 10,137 12,541 7,530
Net interest income 91,594 93,774 95,313 102,690 54,417
Provision for loan losses 9,079 7,789 7,381 9,638 6,613
Net interest income after provision for loan losses 82,515 85,985 87,932 93,052 47,804

Noninterest income

Service charges on deposits 9,948 8,954 7,742 7,280 3,585
Insurance income 262 2,399 5,166 5,396 2,564
ATM and debit card 5,098 4,963 5,084 5,687 2,785
Investment advisory 2,345 2,138 2,193 5,208 2,860
Company owned life insurance 1,706 1,753 1,962 2,808 918
Investments in limited partnerships 857 1,103 895 300 105
Loan servicing 570 568 503 436 243
Net gain on sale of loans held for sale 117 313 249 240 120
Net gain on investment securities 1,226 2,041 1,988 2,695 416
Net gain on other assets (103) 69 27 313 4
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 2,369
Total noninterest income 24,833 25,350 30,337 35,760 17,169

Noninterest expense

Salaries and employee benefits 37,828 38,595 42,439 45,215 23,355
Occupancy and equipment 12,366 12,829 13,856 14,529 8,148
Professional services 3,836 4,760 4,502 6,184 2,428
Computer and data processing 2,848 3,016 3,186 3,402 2,483
Supplies and postage 2,342 2,053 2,155 2,047 1,004
FDIC assessments 1,464 1,592 1,719 1,735 926
Advertising and promotions 896 972 1,165 1,695 751
Amortization of intangibles NA NA NA NA 588
Goodwill impairment 0 0 751 0 1,575
Other 7,861 8,538 9,620 9,864 3,625
Total noninterest expense 69,441 72,355 79,393 84,671 44,883
Income before income taxes 37,907 38,980 38,876 44,141 20,090
Income tax expense 12,377 9,625 10,539 12,210 5,901
Net income 25,530 29,355 28,337 31,931 14,189
Preferred stock dividends 1,466 1,462 1,462 1,462 731
Net income available to common shareholders 24,064 27,893 26,875 30,469 13,458

Earnings per common share

Basic 1.75 2.01 1.91 2.11 0.92
Diluted 1.75 2.00 1.90 2.10 0.92
Cash dividends declared per common share 0.74 0.77 0.80 0.81 0.42

Weighted average common shares outstanding

Basic 13,739 13,893 14,081 14,436 14,572
Diluted 13,784 13,946 14,135 14,491 14,615

Consolidated Statements of Comprehensive Income

Net income 25,530 29,355 28,337 31,931 14,189

Other comprehensive income (loss), net of tax

Net unrealized gains (losses) on securities available for sale (21,397) 6,962 (2,321) (3,033) 2,316
Pension and post-retirement obligations 7,957 (5,786) 5 409 342
Total other comprehensive income (loss), net of tax (13,440) 1,176 (2,316) (2,624) 2,658
Comprehensive income 12,090 30,531 26,021 29,307 16,847
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.