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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201612/31/201712/31/201712/31/20176/30/2018
(in thousands)     
Interest and dividend income 
Interest and fees on loans 29,63531,99035,99840,30122,229
Interest and fees on PCI loans 11,2287,8756,2305,7332,672
Interest on federal funds sold 02011
Interest on deposits in other banks 6159122196109
Interest and dividends on securities 
Taxable 6,8355,4694,6964,6822,452
Nontaxable 9662,1572,2492,4021,126
Total interest and dividend income 48,72547,55249,29553,31528,589
Interest expense 
Interest on deposits 5,8585,9836,3827,8974,498
Interest on borrowed funds 1,0751,5141,4381,302977
Total interest expense 6,9337,4977,8209,1995,475
Net interest income 41,79240,05541,47544,11623,114
Provision for loan losses 001665500
Net interest income after provision for loan losses 41,79240,05541,30943,56623,114
Noninterest income 
Service charges and fees 2,2002,2692,4202,6811,192
Gain (loss) on securities transactions, net 1,08947263421014
Gain on sale of other loans 201690053
Income on bank owned life insurance 769751870939367
Mortgage loan income 211784606242191
Other 799736649625351
Total noninterest income 5,2695,0815,1794,6972,168
Noninterest expense 
Salaries and employee benefits 16,13618,14118,41219,60410,868
Occupancy expenses 2,5972,5922,7373,1301,581
Equipment expenses 9571,0359991,144658
FDIC assessment 805938823726404
Data processing fees 1,7321,7091,6741,923985
FDIC indemnification asset amortization 5,79516,19500NA
Amortization of intangibles 1,9081,9081,9078980
Other real estate expense, net 5401,27517516295
Other operating expenses 6,3476,4676,0236,5702,962
Total noninterest expense 36,81750,26032,75034,15717,553
Income before income taxes 10,244(5,124)13,73814,1067,729
Income tax expense 2,728(2,627)3,8166,9031,353
Net income 7,516(2,497)9,9227,2036,376
Dividends paid on preferred stock 247NANANANA
Net income (loss) available to common shareholders 7,269NANANANA
Net income per share - basic 0.33(0.11)0.450.330.29
Net income per share - diluted 0.33(0.11)0.450.320.28
Weighted average number of shares outstanding 
Basic 21,75521,82721,91422,01422,086
Diluted 21,98121,82722,16122,51222,551
Net income 7,516(2,497)9,9227,2036,376
Other comprehensive (loss) income 
Unrealized gain (loss) on investment securities 
Change in unrealized (loss) gain on investment securities 9,280(1,056)(658)2,054(3,154)
Tax related to unrealized loss (gain) on investment securities (3,155)359224(712)694
Reclassification adjustment for loss (gain) on securities sold (1,089)(472)(634)(210)(14)
Tax related to realized (loss) gain on securities sold 370160215733
Defined benefit pension plan 
Change in prior service cost 4545NA
Change in unrealized gain (loss) in plan assets (997)(142)199(185)NA
Tax related to defined benefit pension plan 33747(69)740
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 35(234)129246211
Tax related to cash flow hedge (12)80(44)(86)(46)
Total other comprehensive (loss) income 4,773(1,253)(634)1,259(2,306)
Total comprehensive income 12,289(3,750)9,2888,4624,070

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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