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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest and dividend income 
Interest and fees on loans 29,69629,63531,99035,998
Interest and fees on PCI loans 11,93611,2287,8756,230
Interest on federal funds sold 3020
Interest on deposits in other banks 586159122
Interest and dividends on securities 
Taxable 7,6936,8355,4694,696
Nontaxable 6599662,1572,249
Total interest and dividend income 50,04548,72547,55249,295
Interest expense 
Interest on deposits 6,3705,8585,9836,382
Interest on other borrowed funds 7081,0751,5141,438
Total interest expense 7,0786,9337,4977,820
Net interest income 42,96741,79240,05541,475
Provision for loan losses 000166
Net interest income after provision for loan losses 42,96741,79240,05541,309
Noninterest income 
Service charges on deposit accounts 2,7392,2002,2692,420
Gain on securities transactions, net 5181,089472634
Gain on sale of loans, net (359)201690
Income on bank owned life insurance 747769751870
Mortgage loan income 313211784606
Other 766799736649
Total noninterest income 4,7245,2695,0815,179
Noninterest expense 
Salaries and employee benefits 15,98116,13618,14118,412
Occupancy expenses 2,7172,5972,5922,737
Equipment expenses 1,0389571,035999
FDIC assessment 843805938823
Data processing fees 2,0781,7321,7091,674
FDIC indemnification asset amortization 6,4495,79516,1950
Amortization of intangibles 2,2021,9081,9081,907
Other real estate expense, net 2,0345401,275175
Other operating expenses 5,9466,3476,4676,023
Total noninterest expense 39,28836,81750,26032,750
Income (loss) before income taxes 8,40310,244(5,124)13,738
Income tax expense (benefit) 2,4972,728(2,627)3,816
Net income (loss) 5,9067,516(2,497)9,922
Dividends paid on preferred stock 88524700
Accretion of discount on preferred stock 234NANANA
Net income (loss) available to common shareholders 4,7877,269(2,497)9,922
Net income (loss) per share - basic 0.220.33(0.11)0.45
Net income (loss) per share - diluted 0.220.33(0.11)0.45
Weighted average number of shares outstanding 
basic 21,70021,75521,82721,914
diluted 21,92221,98121,82722,161
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 
Net income (loss) 5,9067,516(2,497)9,922
Other comprehensive income (loss) 
Unrealized gain (loss) on investment securities 
Change in unrealized (loss) gain in investment securities (11,386)9,280(1,056)(658)
Tax related to unrealized loss (gain) in investment securities 3,871(3,155)359224
Reclassification adjustment for gain in securities sold (518)(1,089)(472)(634)
Tax related to realized gain in securities sold 176370160215
Defined benefit pension plan 
Change in prior service cost (68)454
Change in unrealized gain (loss) in plan assets 1,462(997)(142)199
Tax related to defined benefit pension plan (474)33747(69)
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 035(234)129
Tax related to cash flow hedge 0(12)80(44)
Total other comprehensive (loss) income (6,937)4,773(1,253)(634)
Total comprehensive income (loss) (1,031)12,289(3,750)9,288


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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