Basic Checking

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore.

Get Started

Income Statement

Excel downloadEmail pagePDF viewPrint viewEmail AlertRSS FeedsTear sheetSocial media sharing
 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
(in thousands)     
Interest and dividend income 
Loans 71,20167,752133,011165,409134,359
Securities - taxable interest 4,5246,68716,36720,03914,830
Securities - non-taxable interest 1,9792,7485,1138,3546,201
Securities - dividends 1732501,3022,3632,934
Interest-bearing deposits 758086180207
Total interest and dividend income 77,95277,517155,879196,345158,531
Interest expense 
Deposits 8,7347,99213,55921,44218,927
Borrowed funds 2,2102,4684,44810,32111,677
Total interest expense 10,94410,46018,00731,76330,604
Net interest income 67,00867,057137,872164,582127,927
Provision for loan losses 3,5872,0469,49613,00510,078
Net interest income after provision for loan losses 63,42165,011128,376151,577117,849
Non-interest income 
Service charges and fees 6,4807,25013,50921,04014,679
Net gain from sales of loans 4,417NANANANA
Gain (loss) on sales of securities, net 9145851,2289391,867
Income from mortgage banking activities NA7,2033,2039,5525,389
Bank-owned life insurance income 1,9202,0923,0423,6162,531
Net loss on limited partnership investments 00(4,224)(3,136)(3,290)
Other income (loss) 976(79)(153)476(28)
Total non-interest income 14,70717,05116,60532,48721,148
Non-interest expense 
Salaries and employee benefits 33,18636,42859,33267,46956,105
Service bureau fees 4,0363,2878,1796,7286,219
Occupancy and equipment 4,6536,67913,23915,44211,330
Professional fees 3,2332,3773,6626,3172,893
Marketing and promotions 4124762,2962,3212,271
FDIC insurance assessments 1,0461,1722,5533,6922,800
Other real estate owned 540874792237NA
Core deposit intangible amortization 001,2831,7961,219
Merger related expense 02,14136,9181,575NA
FHLBB prepayment penalties NANANANA1,454
Other 8,5909,03216,17822,61816,389
Total non-interest expense 55,69662,466144,432128,195100,680
Income before income taxes 22,43219,59654955,86938,317
Provision for income taxes 6,6355,369(6,233)6,2293,206
Net income 15,79714,2276,78249,64035,111
Net income per share 
Basic 0.570.550.161.010.71
Diluted 0.560.540.161.00.7
Weighted-average shares outstanding 
Basic 27,796,11626,061,94242,829,09448,912,80749,617,136
Diluted 28,025,61026,426,22043,269,51749,385,56649,917,049
Consolidated Statements of Comprehensive Income 
Net income 15,79714,2276,78249,64035,111
Other comprehensive income 
Securities available for sale 
Unrealized holding gains (losses) 1,689(15,704)13,847(5,912)23,253
Reclassification adjustment for losses (gains) realized in operations (914)(585)(1,228)(939)(1,867)
Net unrealized gains (losses) 775(16,289)12,619(6,851)21,386
Tax effect - benefit (expense) (272)5,701(4,430)2,462(7,691)
Net-of-tax amount - securities available for sale 503(10,588)8,189(4,389)13,695
Interest rate swaps designated as cash flow hedges 
Unrealized gains (losses) (148)7,537(8,385)(3,108)(8,582)
Reclassification adjustment for expense (benefit) realized in operations NA0012(1,844)
Net unrealized gains (losses) NA7,537(8,385)(3,096)(10,426)
Tax effect - benefit (expense) 52(2,638)2,9451,1163,757
Net-of-tax amount - interest rate swaps (96)4,899(5,440)(1,980)(6,669)
Pension and Post-retirement plans 
Gains (losses) arising during the period (68)820(372)532NA
Reclassification adjustment for prior service costs recognized in net periodic benefit cost 27231375
Reclassification adjustment for losses recognized in net periodic benefit cost 8172(9)21371
Prior service cost arising during the period 01051680NA
Change in losses and prior service costs 401,020(200)560376
Tax effect - (expense) benefit (14)(357)37(194)NA
Net-of-tax amount - post-retirement plans 26663(163)366NA
Net gains (losses) 3,4886,626(6,737)2,312NA
Tax effect - expense (1,220)(2,319)2,427(698)(136)
Net-of-tax amount - pension plans 2,2684,307(4,310)1,614NA
Net-of-tax amount - pension and post-retirement plans 2,2944,970(4,473)1,980240
Total other comprehensive income (loss) 2,701(719)(1,724)(4,389)7,266
Comprehensive income 18,49813,5085,05845,25142,377

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.

Copyright 2017, © S&P Global Market Intelligence  Terms of Use