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 Q3 YTD 3/31/2016 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 Q3 YTD 3/31/2016 USD

INTEREST AND DIVIDEND INCOME

Loans and leases, including fees 89,308 113,503 147,664 220,486 212,306
Investments 26,425 22,151 25,214 23,878 19,140
Total interest and dividend income 115,733 135,654 172,878 244,364 231,446

INTEREST EXPENSE

Deposits 24,889 22,868 24,817 34,733 29,744
Advances from the Federal Home Loan Bank 5,955 5,939 6,981 8,910 8,297
Other borrowings 5,701 5,219 3,983 1,776 1,549
Total interest expense 36,545 34,026 35,781 45,419 39,590
Net interest income 79,188 101,628 137,097 198,945 191,856
Provision for loan and lease losses 8,063 7,550 5,350 11,200 7,800
Net interest income, after provision 71,125 94,078 131,747 187,745 184,056

NON-INTEREST INCOME

Realized gain (loss) on sale of securities 0 212 208 587 919

Other-than-temporary loss on securities

Total impairment (losses) gains (3,583) (8,080) (2,359) (6,805) (2,785)
Loss (gain) recognized in other comprehensive income 780 4,579 (443) 4,440 2,636
Net impairment loss recognized in earnings (2,803) (3,501) (2,802) (2,365) (149)
Fair value gain (loss) on trading securities 785 1,274 954 (234) (243)
Total unrealized (loss) gain on securities (2,018) (2,227) (1,848) (2,599) (392)
Prepayment penalty fee income 863 1,742 2,687 4,695 2,177
Gain on sale - other 0 1,130 6,658 5,793 10,348
Mortgage banking income 16,708 22,953 10,170 15,264 8,246
Banking service fees and other income 817 3,900 4,580 6,850 28,027
Total non-interest income 16,370 27,710 22,455 30,590 49,325

NON-INTEREST EXPENSE

Salaries and related costs 20,339 28,874 32,240 43,819 47,762
Professional services 2,213 3,531 5,421 4,122 2,666
Occupancy and equipment 1,133 2,086 2,324 3,091 3,016
Data processing and internet 2,251 2,773 5,373 6,632 7,404
Advertising and promotional 2,703 4,084 3,724 6,060 4,631
Depreciation and amortization 1,316 1,904 2,874 3,273 3,316
Real estate owned and repossessed vehicles 2,382 505 (149) (120) (45)
FDIC and regulatory fees 1,527 2,125 2,343 3,434 3,389
Other general and administrative 4,094 7,705 5,783 7,167 7,632
Total non-interest expense 37,958 53,587 59,933 77,478 79,771
INCOME BEFORE INCOME TAXES 49,537 68,201 94,269 140,857 153,610
INCOME TAXES 20,061 27,910 38,313 58,175 64,046
NET INCOME 29,476 40,291 55,956 82,682 89,564
NET INCOME ATTRIBUTABLE TO COMMON STOCK 28,205 39,456 55,647 82,373 89,332
COMPREHENSIVE INCOME 25,012 34,926 56,390 83,649 90,740
Basic earnings per share 2.45 3.00 3.87 5.39 1.39
Diluted earnings per share 2.33 2.89 3.85 5.37 1.39

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

NET INCOME 29,476 40,291 55,956 82,682 89,564

Other comprehensive income (loss), net of tax

Net unrealized gain (loss) from available-for-sale securities, net of tax (12,659) (2,796) 54 180 (1,179)
Other-than-temporary impairment on held-to-maturity securities recognized in other comprehensive income, net of tax 5,247 (2,569) 380 1,139 2,894
Reclassification of net (gain) loss from available-for-sale securities included in income, net of tax 0 0 0 (352) (539)
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 1,176
Comprehensive income 25,012 34,926 56,390 83,649 90,740
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.