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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest and dividend income 
Interest and fees on loans 29,69629,63531,99035,9989,597
Interest and fees on PCI loans 11,93611,2287,8756,2301,479
Interest on federal funds sold 3020NA
Interest on deposits in other banks 58615912226
Interest and dividends on securities 
Taxable 7,6936,8355,4694,6961,249
Nontaxable 6599662,1572,249597
Total interest and dividend income 50,04548,72547,55249,29512,948
Interest expense 
Interest on deposits 6,3705,8585,9836,3821,779
Interest on other borrowed funds 7081,0751,5141,438302
Total interest expense 7,0786,9337,4977,8202,081
Net interest income 42,96741,79240,05541,47510,867
Provision for loan losses 0001660
Net interest income after provision for loan losses 42,96741,79240,05541,30910,867
Noninterest income 
Service charges on deposit accounts 2,7392,2002,2692,420643
Gain on securities transactions, net 5181,08947263495
Gain on sale of loans, net (359)201690NA
Income on bank owned life insurance 747769751870234
Mortgage loan income 31321178460633
Other 766799736649148
Total noninterest income 4,7245,2695,0815,1791,153
Noninterest expense 
Salaries and employee benefits 15,98116,13618,14118,4124,682
Occupancy expenses 2,7172,5972,5922,737732
Equipment expenses 1,0389571,035999284
FDIC assessment 843805938823201
Data processing fees 2,0781,7321,7091,674488
FDIC indemnification asset amortization 6,4495,79516,1950NA
Amortization of intangibles 2,2021,9081,9081,907477
Other real estate expense (income), net 2,0345401,27517527
Other operating expenses 5,9466,3476,4676,0231,560
Total noninterest expense 39,28836,81750,26032,7508,451
Income before income taxes 8,40310,244(5,124)13,7383,569
Income tax expense 2,4972,728(2,627)3,8161,076
Net income 5,9067,516(2,497)9,9222,493
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 share - basic 0.220.33(0.11)0.450.11
Net income per share - diluted 0.220.33(0.11)0.450.11
Weighted average number of shares outstanding 
Basic 21,70021,75521,82721,91421,962
Diluted 21,92221,98121,82722,16122,433
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 5,9067,516(2,497)9,9222,493
Other comprehensive income 
Unrealized gain on investment securities 
Change in unrealized gain in investment securities (11,386)9,280(1,056)(658)770
Tax related to unrealized gain in investment securities 3,871(3,155)359224(262)
Reclassification adjustment for gain in securities sold (518)(1,089)(472)(634)(95)
Tax related to realized gain in securities sold 17637016021532
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)NA
Cash flow hedge 
Change in unrealized gain (loss) in cash flow hedge 035(234)12982
Tax related to cash flow hedge 0(12)80(44)(28)
Total other comprehensive income (6,937)4,773(1,253)(634)499
Total comprehensive income (1,031)12,289(3,750)9,2882,992


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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