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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201512/31/201612/31/201612/31/20169/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest and dividend income 
Interest and fees on loans 29,69629,63531,99035,99829,676
Interest and fees on PCI loans 11,93611,2287,8756,2304,355
Interest on federal funds sold 30201
Interest on deposits in other banks 586159122143
Interest and dividends on securities 
Taxable 7,6936,8355,4694,6963,577
Nontaxable 6599662,1572,2491,805
Total interest and dividend income 50,04548,72547,55249,29539,557
Interest expense 
Interest on deposits 6,3705,8585,9836,3825,776
Interest on borrowed funds 7081,0751,5141,438914
Total interest expense 7,0786,9337,4977,8206,690
Net interest income 42,96741,79240,05541,47532,867
Provision for loan losses 000166150
Net interest income after provision for loan losses 42,96741,79240,05541,30932,717
Noninterest income 
Service charges on deposit accounts 2,7392,2002,2692,4202,011
Gain on securities transactions, net 5181,089472634180
Gain on sale of loans, net (359)201690NA
Income on bank owned life insurance 747769751870704
Mortgage loan income 313211784606163
Other 766799736649448
Total noninterest income 4,7245,2695,0815,1793,506
Noninterest expense 
Salaries and employee benefits 15,98116,13618,14118,41214,566
Occupancy expenses 2,7172,5972,5922,7372,329
Equipment expenses 1,0389571,035999849
FDIC assessment 843805938823550
Data processing fees 2,0781,7321,7091,6741,466
FDIC indemnification asset amortization 6,4495,79516,1950NA
Amortization of intangibles 2,2021,9081,9081,907878
Other real estate expense (income), net 2,0345401,27517598
Other operating expenses 5,9466,3476,4676,0234,957
Total noninterest expense 39,28836,81750,26032,75025,693
Income before income taxes 8,40310,244(5,124)13,73810,530
Income tax expense 2,4972,728(2,627)3,8162,687
Net income 5,9067,516(2,497)9,9227,843
Dividends paid on preferred stock 88524700NA
Accretion of discount on preferred stock 234NANANANA
Net income (loss) available to common shareholders 4,7877,269(2,497)9,922NA
Net income per common share - basic 0.220.33(0.11)0.450.36
Net income per common share - diluted 0.220.33(0.11)0.450.35
Weighted average number of shares outstanding 
Basic 21,70021,75521,82721,91422,000
Diluted 21,92221,98121,82722,16122,491
COMPREHENSIVE INCOME 
Net income 5,9067,516(2,497)9,9227,843
Other comprehensive income (loss) 
Unrealized gains on investment securities 
Change in unrealized gain (loss) in investment securities (11,386)9,280(1,056)(658)2,001
Tax related to unrealized gain in investment securities 3,871(3,155)359224(692)
Reclassification adjustment for gain in securities sold (518)(1,089)(472)(634)(180)
Tax related to realized gain in securities sold 17637016021562
Defined benefit pension plan 
Change in prior service cost (68)454NA
Change in unrealized gain (loss) in plan assets 1,462(997)(142)199NA
Tax related to defined benefit pension plan (474)33747(69)11
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 035(234)12986
Tax related to cash flow hedge 0(12)80(44)(30)
Total other comprehensive income (loss) (6,937)4,773(1,253)(634)1,258
Total comprehensive income (1,031)12,289(3,750)9,2889,101


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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