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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201612/31/201712/31/201712/31/2017
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest and dividend income 
Interest and fees on loans 29,63531,99035,99840,301
Interest and fees on PCI loans 11,2287,8756,2305,733
Interest on federal funds sold 0201
Interest on deposits in other banks 6159122196
Interest and dividends on securities 
Taxable 6,8355,4694,6964,682
Nontaxable 9662,1572,2492,402
Total interest and dividend income 48,72547,55249,29553,315
Interest expense 
Interest on deposits 5,8585,9836,3827,897
Interest on borrowed funds 1,0751,5141,4381,302
Total interest expense 6,9337,4977,8209,199
Net interest income 41,79240,05541,47544,116
Provision for loan losses 00166550
Net interest income after provision for loan losses 41,79240,05541,30943,566
Noninterest income 
Service charges on deposit accounts 2,2002,2692,4202,681
Gain on securities transactions, net 1,089472634210
Gain on sale of loans, net 2016900
Income on bank owned life insurance 769751870939
Mortgage loan income 211784606242
Other 799736649625
Total noninterest income 5,2695,0815,1794,697
Noninterest expense 
Salaries and employee benefits 16,13618,14118,41219,604
Occupancy expenses 2,5972,5922,7373,130
Equipment expenses 9571,0359991,144
FDIC assessment 805938823726
Data processing fees 1,7321,7091,6741,923
FDIC indemnification asset amortization 5,79516,19500
Amortization of intangibles 1,9081,9081,907898
Other real estate expense, net 5401,275175162
Other operating expenses 6,3476,4676,0236,570
Total noninterest expense 36,81750,26032,75034,157
Income (loss) before income taxes 10,244(5,124)13,73814,106
Income tax expense (benefit) 2,728(2,627)3,8166,903
Net income (loss) 7,516(2,497)9,9227,203
Dividends paid on preferred stock 247NANANA
Net income (loss) available to common shareholders 7,269NANANA
Net income (loss) per share - basic 0.33(0.11)0.450.33
Net income (loss) per share - diluted 0.33(0.11)0.450.32
Weighted average number of shares outstanding 
Basic 21,75521,82721,91422,014
Diluted 21,98121,82722,16122,512
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
Net income (loss) 7,516(2,497)9,9227,203
Other comprehensive income (loss) 
Unrealized gain on investment securities 
Change in unrealized (loss) gain in investment securities 9,280(1,056)(658)2,054
Tax related to unrealized loss (gain) in investment securities (3,155)359224(712)
Reclassification adjustment for gain in securities sold (1,089)(472)(634)(210)
Tax related to realized gain in securities sold 37016021573
Defined benefit pension plan 
Change in prior service cost 4545
Change in unrealized gain (loss) in plan assets (997)(142)199(185)
Tax related to defined benefit pension plan 33747(69)74
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 35(234)129246
Tax related to cash flow hedge (12)80(44)(86)
Total other comprehensive income (loss) 4,773(1,253)(634)1,259
Total comprehensive income (loss) 12,289(3,750)9,2888,462


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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