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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 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 
Interest and fees on loans NA29,69629,63531,99026,582
Interest and fees on PCI loans NA11,93611,2287,8754,704
Interest on federal funds sold 53020
Interest and fees on non-covered loans 30,658NANANANA
Interest and fees on FDIC covered loans 14,105NANANANA
Interest on deposits in other banks 5458615966
Interest and dividends on securities 
Taxable 8,4087,6936,8355,4693,528
Nontaxable 4896599662,1571,698
Total interest and dividend income 53,71950,04548,72547,55236,578
Interest expense 
Interest on deposits 8,5086,3705,8585,9834,638
Interest on borrowed funds 1,1847081,0751,5141,091
Total interest expense 9,6927,0786,9337,4975,729
Net interest income 44,02742,96741,79240,05530,849
Provision for loan losses 1,200000450
Net interest income after provision for loan losses 42,82742,96741,79240,05530,399
Noninterest income 
Service charges on deposit accounts 2,7362,7392,2002,2691,785
Gain on securities transactions, net 1,4925181,089472608
Gain on sale of other loans, net 0(359)201690
Income on bank owned life insurance 620747769751630
Mortgage loan income NA313211784599
Other 1,358766799736439
Total noninterest income 6,2064,7245,2695,0814,061
Noninterest expense 
Salaries and employee benefits 16,51115,98116,13618,14113,848
Occupancy expenses 2,7152,7172,5972,5922,043
Equipment expenses 1,0871,0389571,035729
FDIC assessment 1,485843805938756
Data processing fees 1,8242,0781,7321,7091,230
FDIC indemnification asset amortization 6,9366,4495,79516,1950
Amortization of intangibles 2,2612,2021,9081,9081,430
Other real estate expense (income), net 2,4932,0345401,275(89)
Other operating expenses 5,9915,9466,3476,4674,591
Total noninterest expense 41,30339,28836,81750,26024,538
Income (loss) before income taxes 7,7308,40310,244(5,124)9,922
Income tax expense (benefit) 2,1482,4972,728(2,627)2,726
Net income (loss) 5,5825,9067,516(2,497)7,196
Dividends paid on preferred stock 8848852470NA
Accretion of discount on preferred stock 22023400NA
Net income available to common shareholders 4,4784,7877,269(2,497)NA
Net income (loss) per share - basic
Net income (loss) per share - diluted
Weighted average number of shares outstanding 
Basic 21,64721,70021,75521,82721,902
Diluted 21,71721,92221,98121,82722,105
Net income (loss) 5,5825,9067,516(2,497)7,196
Other comprehensive income (loss) 
Unrealized gains on investment securities 
Change in unrealized (loss) gain in investment securities 2,472(11,386)9,280(1,056)4,710
Tax related to unrealized loss (gain) in investment securities (841)3,871(3,155)359(1,601)
Reclassification adjustment for (gain) loss in securities sold (1,492)(518)(1,089)(472)(608)
Tax related to realized gain (loss) in securities sold 507176370160206
Defined benefit pension plan 
Change in prior service cost 0(68)45NA
Change in unrealized (loss) gain in plan assets (57)1,462(997)(142)NA
Tax related to defined benefit pension plan 20(474)33747NA
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 0035(234)(391)
Tax related to cash flow hedge 00(12)80133
Total other comprehensive (loss) income 609(6,937)4,773(1,253)2,449
Total comprehensive income (loss) 6,191(1,031)12,289(3,750)9,645

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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