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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 Q3 YTD 9/30/2017 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 Q3 YTD 9/30/2017 USD

Interest and dividend income

Loans and leases, including fees 116,673 180,761 241,556 296,996 209,376
Securities 2,632 5,158 20,263 79,527 76,572
Other interest-earning assets 1,206 2,220 4,519 8,449 6,085
Total interest and dividend income 120,511 188,139 266,338 384,972 292,033

Interest expense

Deposits 16,051 24,411 25,783 40,220 44,370
Federal Home Loan Bank advances 269 527 2,120 5,717 7,549
Securities sold under repurchase agreements NA 1 18 818 686
Long term debt and other interest-bearing liabilities 6,962 7,923 14,700 12,744 8,411
Total interest expense 23,282 32,862 42,621 59,499 61,016
Net interest income 97,229 155,277 223,717 325,473 231,017
Provision for loan and lease losses 7,963 10,976 7,469 5,271 8,647
Net interest income after provision for loan and lease losses 89,266 144,301 216,248 320,202 222,370

Noninterest income

Customer service fees 1,942 1,490 4,057 5,147 4,868
Loan servicing income (loss) 2,049 4,199 2,974 5,385 3,441
Income from bank owned life insurance 177 224 1,076 2,341 1,780
Net gain on sale of securities available-for-sale 331 1,183 3,258 29,405 12,080
Net gain on sale of loans 8,700 19,828 37,211 35,895 10,737
Net revenue on mortgage banking activities 67,890 95,430 144,685 167,024 NA
Advisory service fees 377 12,904 9,868 1,507 NA
Loan brokerage income 1,356 8,674 3,140 4,519 1,061
Gain on sale of building 0 0 9,919 0 NA
Gain on sale of branches 12,104 456 163 0 NA
Gain on sale of subsidiary NA 0 0 3,694 0
Gain on sale of business unit NA 0 0 2,629 NA
Other income 1,817 1,249 3,868 14,334 5,008
Total noninterest income 96,743 145,637 220,219 271,880 38,975

Noninterest expense

Salaries and employee benefits 110,687 162,879 213,114 257,918 96,007
Occupancy and equipment 19,662 33,443 41,405 49,018 30,529
Professional fees 13,864 19,247 20,193 31,293 34,564
Outside service fees NA 6,372 8,831 13,052 3,883
Data processing 4,710 5,231 8,184 10,833 6,326
Advertising 4,361 5,016 6,156 10,740 3,893
Regulatory assessments 2,535 4,182 5,644 8,186 5,931
Loan servicing and foreclosure expense 905 NA NA NA NA
Valuation allowance for other real estate owned 97 NA NA NA NA
Net gain on sales of other real estate owned (464) NA NA NA NA
Loss on investments in alternative energy partnerships NA 0 0 31,510 26,791
Provision (reversal) for loan repurchases 2,383 2,808 2,326 (3,352) (1,477)
Amortization of intangible assets 2,651 4,079 5,836 4,851 3,062
Impairment on intangible assets 1,061 48 258 690 336
Restructuring expense NA NA NA NA 5,369
All other expense 15,649 20,167 20,254 27,937 26,672
Total noninterest expense 178,101 263,472 332,201 442,676 241,886
Income before income taxes 7,908 26,466 104,266 149,406 NA
Income tax expense (benefit) 7,992 (3,739) 42,194 33,990 NA
Income from continuing operations before income taxes NA NA NA NA 19,459
Income tax (benefit) expenses NA NA NA NA (23,163)
Income from continuing operations NA NA NA NA 42,622
Income (loss) from discontinued operations before income taxes NA NA NA NA 6,399
Income tax (benefit) expense NA NA NA NA 2,614
Income (loss) from discontinued operations NA NA NA NA 3,785
Net income (84) 30,205 62,072 115,416 46,407
Preferred stock dividends 2,185 3,640 9,823 19,914 15,338
Net income available to common stockholders (2,269) 26,565 52,249 95,502 31,069

Basic earnings per common share

Income from continuing operations NA NA NA NA 0.52
Income (loss) from discontinued operations NA NA NA NA 0.08
Net income (0.15) 0.91 1.36 1.97 0.60

Diluted earnings per common share

Income from continuing operations NA NA NA NA 0.52
Income (loss) from discontinued operations NA NA NA NA 0.07
Net income (0.15) 0.90 1.34 1.94 0.59

Basic earnings per class B common share

Income from continuing operations NA NA NA NA 0.52
Income (loss) from discontinued operations NA NA NA NA 0.08
Net income (0.15) 0.91 1.36 1.97 0.60

Diluted earnings per class B common share

Income from continuing operations NA NA NA NA 0.52
Income (loss) from discontinued operations NA NA NA NA 0.08
Net income (0.15) 0.91 1.36 1.97 0.60

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income (84) 30,205 62,072 115,416 46,407

Other comprehensive income (loss), net of tax

Unrealized gain (loss) on available-for-sale securities
Unrealized gain arising during the period (1,892) 2,020 (1,614) 11,140 11,061
Unrealized gain arising from the reclassification of securities held-to-maturity to securities available-for-sale NA NA NA NA 12,845
Reclassification adjustment for gain included in net income (331) (685) (1,890) (17,187) (7,056)
Total change in unrealized gain (loss) on available-for-sale securities (2,223) 1,335 (3,504) (6,047) 16,850
Unrealized gain (loss) on cash flow hedge
Unrealized loss arising during the period 226 (362) (396) 0 NA
Reclassification adjustment for loss included in net income 0 0 532 0 NA
Total change in unrealized gain (loss) on cash flow hedge 226 (362) 136 0 NA
Total other comprehensive income (loss) (1,997) 973 (3,368) (6,047) 16,850
Comprehensive income (2,081) 31,178 58,704 109,369 63,257
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.