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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
(in thousands)     
Interest and dividend income 
Interest and fees on loans 29,63531,99035,99840,30110,876
Interest and fees on PCI loans 11,2287,8756,2305,7331,398
Interest on federal funds sold 0201NA
Interest on deposits in other banks 615912219640
Interest and dividends on securities 
Taxable 6,8355,4694,6964,6821,186
Nontaxable 9662,1572,2492,402579
Total interest and dividend income 48,72547,55249,29553,31514,079
Interest expense 
Interest on deposits 5,8585,9836,3827,8972,143
Interest on borrowed funds 1,0751,5141,4381,302469
Total interest expense 6,9337,4977,8209,1992,612
Net interest income 41,79240,05541,47544,11611,467
Provision for loan losses 001665500
Net interest income after provision for loan losses 41,79240,05541,30943,56611,467
Noninterest income 
Service charges and fees 2,2002,2692,4202,681581
Gain on securities transactions, net 1,08947263421030
Gain on sale of loans, net 2016900NA
Income on bank owned life insurance 769751870939232
Mortgage loan income 211784606242111
Other 799736649625128
Total noninterest income 5,2695,0815,1794,6971,082
Noninterest expense 
Salaries and employee benefits 16,13618,14118,41219,6045,898
Occupancy expenses 2,5972,5922,7373,130812
Equipment expenses 9571,0359991,144314
FDIC assessment 805938823726206
Data processing fees 1,7321,7091,6741,923486
FDIC indemnification asset amortization 5,79516,19500NA
Amortization of intangibles 1,9081,9081,9078980
Other real estate expense, net 5401,27517516250
Other operating expenses 6,3476,4676,0236,5701,649
Total noninterest expense 36,81750,26032,75034,1579,415
Income before income taxes 10,244(5,124)13,73814,1063,134
Income tax expense 2,728(2,627)3,8166,903540
Net income 7,516(2,497)9,9227,2032,594
Dividends paid on preferred stock 247NANANANA
Net income (loss) available to common shareholders 7,269NANANANA
Net income per share - basic 0.33(0.11)0.450.330.12
Net income per share - diluted 0.33(0.11)0.450.320.12
Weighted average number of shares outstanding 
Basic 21,75521,82721,91422,01422,076
Diluted 21,98121,82722,16122,51222,521
Net income 7,516(2,497)9,9227,2032,594
Other comprehensive (loss) income 
Unrealized (loss) gain on investment securities 
Change in unrealized (loss) gain in investment securities 9,280(1,056)(658)2,054(2,488)
Tax related to unrealized loss (gain) in investment securities (3,155)359224(712)548
Reclassification adjustment for gain in securities sold (1,089)(472)(634)(210)(30)
Tax related to realized gain in securities sold 370160215737
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)74NA
Cash flow hedge 
Change in unrealized gain in cash flow hedge 35(234)129246186
Tax related to cash flow hedge (12)80(44)(86)(40)
Total other comprehensive (loss) income 4,773(1,253)(634)1,259(1,817)
Total comprehensive income 12,289(3,750)9,2888,462777

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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