As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 6/30/2014 USD 2013 Y 6/30/2015 USD 2014 Y 6/30/2015 USD 2015 Y 6/30/2015 USD 2016 Q2 YTD 12/31/2015 USD
Source Document Currency Code 2012 Y 6/30/2014 USD 2013 Y 6/30/2015 USD 2014 Y 6/30/2015 USD 2015 Y 6/30/2015 USD 2016 Q2 YTD 12/31/2015 USD

INTEREST AND DIVIDEND INCOME

Loans, including fees 89,308 113,503 147,664 220,486 135,195
Investments 26,425 22,151 25,214 23,878 11,969
Total interest and dividend income 115,733 135,654 172,878 244,364 147,164

INTEREST EXPENSE

Deposits 24,889 22,868 24,817 34,733 18,732
Advances from the Federal Home Loan Bank 5,955 5,939 6,981 8,910 5,278
Other borrowings 5,701 5,219 3,983 1,776 855
Total interest expense 36,545 34,026 35,781 45,419 24,865
Net interest income 79,188 101,628 137,097 198,945 122,299
Provision for loan losses 8,063 7,550 5,350 11,200 5,800
Net interest income, after provision for loan losses 71,125 94,078 131,747 187,745 116,499

NON-INTEREST INCOME

Realized gain on sale of securities 0 212 208 587 933

Other-than-temporary loss on securities

Total impairment (losses) gains (3,583) (8,080) (2,359) (6,805) (1,779)
Loss (gain) recognized in other comprehensive income 780 4,579 (443) 4,440 1,638
Net impairment loss recognized in earnings (2,803) (3,501) (2,802) (2,365) (141)
Fair value gain (loss) on trading securities 785 1,274 954 (234) (126)
Total unrealized (loss) gain on securities (2,018) (2,227) (1,848) (2,599) (267)
Prepayment penalty fee income 863 1,742 2,687 4,695 1,614
Gain on sale - other 0 1,130 6,658 5,793 9,247
Mortgage banking income 16,708 22,953 10,170 15,264 4,787
Banking service fees and other income 817 3,900 4,580 6,850 9,695
Total non-interest income 16,370 27,710 22,455 30,590 26,009

NON-INTEREST EXPENSE

Salaries and related costs 20,339 28,874 32,240 43,819 30,762
Professional services 2,213 3,531 5,421 4,122 1,633
Occupancy and equipment 1,133 2,086 2,324 3,091 1,847
Data processing and internet 2,251 2,773 5,373 6,632 4,179
Advertising and promotional 2,703 4,084 3,724 6,060 3,225
Depreciation and amortization 1,316 1,904 2,874 3,273 2,006
Real estate owned and repossessed vehicles 2,382 505 (149) (120) (50)
FDIC and regulator fees 1,527 2,125 2,343 3,434 2,172
Other general and administrative 4,094 7,705 5,783 7,167 4,589
Total non-interest expense 37,958 53,587 59,933 77,478 50,363
INCOME BEFORE INCOME TAXES 49,537 68,201 94,269 140,857 92,145
INCOME TAXES 20,061 27,910 38,313 58,175 38,495
NET INCOME 29,476 40,291 55,956 82,682 53,650
NET INCOME ATTRIBUTABLE TO COMMON STOCK 28,205 39,456 55,647 82,373 53,495
COMPREHENSIVE INCOME 25,012 34,926 56,390 83,649 54,006
Basic earnings per share 2.45 3.00 3.87 5.39 0.84
Diluted earnings per share 2.33 2.89 3.85 5.37 0.84

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NET INCOME 29,476 40,291 55,956 82,682 53,650

Other comprehensive income (loss), net of tax

Net unrealized gain (loss) from available-for-sale securities, net of tax expense (benefit) (12,659) (2,796) 54 180 (776)
Other-than-temporary impairment loss on securities recognized in other comprehensive income, net of tax expense (benefit) 5,247 (2,569) 380 1,139 1,680
Reclassification of net (gain) loss from available-for-sale securities included in income, net of tax expense (benefit) 0 0 0 (352) (548)
Unrealized gain (loss), net of reclassification adjustments, before income taxes (7,412) NA NA NA NA
Income tax (expense) benefit related to items of other comprehensive income 2,948 NA NA NA NA
Other comprehensive income (loss) (4,464) (5,365) 434 967 356
Comprehensive income 25,012 34,926 56,390 83,649 54,006
Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.
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