As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2011 Y 6/30/2013 USD 2012 Y 6/30/2014 USD 2013 Y 6/30/2014 USD 2014 Y 6/30/2014 USD 2015 Q3 YTD 3/31/2015 USD
Source Document Currency Code 2011 Y 6/30/2013 USD 2012 Y 6/30/2014 USD 2013 Y 6/30/2014 USD 2014 Y 6/30/2014 USD 2015 Q3 YTD 3/31/2015 USD

INTEREST AND DIVIDEND INCOME

Loans, including fees 60,508 89,308 113,503 147,664 159,816
Investments 32,427 26,425 22,151 25,214 16,981
Total interest and dividend income 92,935 115,733 135,654 172,878 176,797

INTEREST EXPENSE

Deposits 22,276 24,889 22,868 24,817 25,140
Advances from the Federal Home Loan Bank 6,263 5,955 5,939 6,981 6,655
Other borrowings 5,883 5,701 5,219 3,983 1,351
Total interest expense 34,422 36,545 34,026 35,781 33,146
Net interest income 58,513 79,188 101,628 137,097 143,651
Provision for loan losses 5,800 8,063 7,550 5,350 8,300
Net interest income, after provision for loan losses 52,713 71,125 94,078 131,747 135,351

NON-INTEREST INCOME

Realized gain on sale of securities 2,420 0 212 208 587

Other-than-temporary loss on securities

Total impairment (losses) gains (5,942) (3,583) (8,080) (2,359) (5,832)
Loss (gain) recognized in other comprehensive income 4,401 780 4,579 (443) 3,628
Net impairment loss recognized in earnings (1,541) (2,803) (3,501) (2,802) (2,204)
Fair value gain (loss) on trading securities 651 785 1,274 954 (328)
Total unrealized (loss) gain on securities (890) (2,018) (2,227) (1,848) (2,532)
Prepayment penalty fee income 1,073 863 1,742 2,687 2,384
Gain on sale - other 0 0 1,130 6,658 4,425
Mortgage banking income 4,731 16,708 22,953 10,170 10,330
Banking service fees and other income 659 817 3,900 4,580 5,118
Total non-interest income 7,993 16,370 27,710 22,455 20,312

NON-INTEREST EXPENSE

Salaries and related costs 14,524 20,339 28,874 32,240 31,710
Data processing and internet 983 2,251 2,773 5,373 4,914
Advertising and promotional 1,025 2,703 4,084 3,724 4,217
Professional services 2,108 2,213 3,531 5,421 3,324
FDIC and regulator fees 2,017 1,527 2,125 2,343 2,508
Depreciation and amortization 618 1,316 1,904 2,874 2,351
Occupancy and equipment 834 1,133 2,086 2,324 2,288
Real estate owned and repossessed vehicles 1,554 2,382 505 (149) 152
Other general and administrative 2,871 4,094 7,705 5,783 5,262
Total non-interest expense 26,534 37,958 53,587 59,933 56,726
INCOME BEFORE INCOME TAXES 34,172 49,537 68,201 94,269 98,937
INCOME TAXES 13,593 20,061 27,910 38,313 40,650
NET INCOME 20,579 29,476 40,291 55,956 58,287
NET INCOME ATTRIBUTABLE TO COMMON STOCK 20,270 28,205 39,456 55,647 58,055
COMPREHENSIVE INCOME 15,565 25,012 34,926 56,390 60,356
Basic earnings per share 1.88 2.45 3.00 3.87 3.82
Diluted earnings per share 1.87 2.33 2.89 3.85 3.81

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NET INCOME 20,579 29,476 40,291 55,956 58,287
Net unrealized gain (loss) from available-for-sale securities, net of tax expense (benefit) NA (12,659) (4,661) 90 373
Other-than-temporary impairment on securities recognized in other comprehensive income, net of tax expense (benefit) NA 5,247 (4,282) 633 2,048
Reclassification of net (gain) loss from available-for-sale securities included in income, net of tax expense (benefit) NA 0 0 0 (352)
Unrealized gain (loss), net of reclassification adjustments, before income tax (8,326) (7,412) (8,943) 723 NA
Income tax (expense) benefit related to items of other comprehensive income 3,312 2,948 3,578 (289) NA
Other comprehensive income (loss) (5,014) (4,464) (5,365) 434 2,069
Comprehensive income 15,565 25,012 34,926 56,390 60,356
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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