As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 6/30/2016 USD 2015 Y 6/30/2017 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2017 USD 2018 Q2 YTD 12/31/2017 USD
Source Document Currency Code 2014 Y 6/30/2016 USD 2015 Y 6/30/2017 USD 2016 Y 6/30/2017 USD 2017 Y 6/30/2017 USD 2018 Q2 YTD 12/31/2017 USD

INTEREST AND DIVIDEND INCOME

Loans and leases, including fees 147,664 220,486 291,058 358,849 199,609
Investments 25,214 23,878 26,649 28,437 11,687
Total interest and dividend income 172,878 244,364 317,707 387,286 211,296

INTEREST EXPENSE

Deposits 24,817 34,733 42,667 56,494 36,362
Advances from the Federal Home Loan Bank 6,981 8,910 11,175 12,403 8,109
Other borrowings 3,983 1,776 2,854 5,162 2,062
Total interest expense 35,781 45,419 56,696 74,059 46,533
Net interest income 137,097 198,945 261,011 313,227 164,763
Provision for loan and lease losses 5,350 11,200 9,700 11,061 5,000
Net interest income, after provision 131,747 187,745 251,311 302,166 159,763

NON-INTEREST INCOME

Realized gain (loss) on securities

Realized gain (loss) on sale of securities 208 587 1,427 3,920 83

Other-than-temporary loss on securities

Total impairment (losses) gains (2,359) (6,805) (3,472) (10,937) (6,098)
Loss (gain) recognized in other comprehensive income (443) 4,440 2,907 8,973 5,942
Net impairment loss recognized in earnings (2,802) (2,365) (565) (1,964) (156)
Fair value gain (loss) on trading securities 954 (234) (248) 743 0
Total unrealized (loss) gain on securities (1,848) (2,599) (813) (1,221) (156)
Prepayment penalty fee income 2,687 4,695 2,914 4,574 2,234
Gain on sale - other 6,658 5,793 15,540 4,487 2,366
Mortgage banking income 10,170 15,264 11,076 14,284 8,763
Banking service fees and other income 4,580 6,850 36,196 42,088 17,149
Total non-interest income 22,455 30,590 66,340 68,132 30,439

NON-INTEREST EXPENSE

Salaries and related costs 32,240 43,819 66,667 81,821 46,439
Data processing and internet 5,373 6,632 10,348 13,323 7,975
Advertising and promotional 3,724 6,060 6,867 9,367 6,777
Depreciation and amortization 2,874 3,273 4,795 6,094 3,695
Occupancy and equipment 2,324 3,091 4,326 5,612 2,918
Professional services 5,421 4,122 4,700 4,980 2,480
FDIC and regulator fees 2,343 3,434 4,632 4,330 2,096
Real estate owned and repossessed vehicles (149) (120) (46) 498 93
Other general and administrative 5,783 7,167 10,467 11,580 6,356
Total non-interest expense 59,933 77,478 112,756 137,605 78,829
INCOME BEFORE INCOME TAXES 94,269 140,857 204,895 232,693 111,373
INCOME TAXES 38,313 58,175 85,604 97,953 47,332
NET INCOME 55,956 82,682 119,291 134,740 64,041
NET INCOME ATTRIBUTABLE TO COMMON STOCK 55,647 82,373 118,982 134,431 63,886
COMPREHENSIVE INCOME 56,390 83,649 121,386 142,531 63,920
Basic earnings per share 0.97 1.35 1.85 2.07 0.98
Diluted earnings per share 0.96 1.34 1.85 2.07 0.98

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NET INCOME 55,956 82,682 119,291 134,740 64,041

Other comprehensive income (loss), net of tax

Net unrealized gain (loss) from available-for-sale securities, net of tax expense (benefit) 54 180 (94) 5,218 (3,961)
Other-than-temporary impairment on securities recognized in other comprehensive income, net of tax expense (benefit) 380 1,139 3,018 4,957 3,715
Reclassification of net (gain) loss from available-for-sale securities included in income, net of tax expense (benefit) 0 (352) (829) (2,384) 125
Other comprehensive income (loss) 434 967 2,095 7,791 (121)
Comprehensive income 56,390 83,649 121,386 142,531 63,920
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.