Income Statement

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HERITAGE OAKS BANCORP ( - )  
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest Income 
Loans, including fees 39,61056,14559,59961,275
Investment securities 5,4767,2387,3118,904
Other interest-earning assets 3077051,1801,168
Total interest income 45,39364,08868,09071,347
Interest Expense 
Deposits 2,8603,5673,6153,576
Other borrowings 1,0071,5902,2162,161
Total interest expense 3,8675,1575,8315,737
Net interest income before (reversal of) provision for loan and lease losses 41,52658,93162,25965,610
(Reversal of) provision for loan and lease losses 000(1,500)
Net interest income after (reversal of) provision for loan and lease losses 41,52658,93162,25967,110
Non-Interest Income 
Fees and service charges 4,5295,5945,1585,165
Net gain on sale of mortgage loans 2,2821,3301,6022,365
Gain on derivative instruments NA001,212
Earnings on Bank Owned Life Insurance NA7748551,158
Gain on sale of investment securities 3,926646641891
Other mortgage fee income 642290452631
Gain on extinguishment of debt 005520
Other income 1,496941879792
Total non-interest income 12,8759,57510,13912,214
Non-Interest Expense 
Salaries and employee benefits 18,97723,47623,81426,626
Professional services 2,8334,8017,7906,901
Occupancy and equipment 4,8916,5766,6826,530
Information technology 2,5823,0252,2982,446
Sales and marketing 5848431,0171,035
Loan department expense 7581,1131,0301,024
Regulatory assessments 1,0071,1641,2121,019
Amortization of intangible assets 4001,0571,049944
Merger, restructure and integration 1,0519,190(77)826
Communication costs 371638562492
Write-downs on other real estate owned NA00217
Other expense 3,1092,9092,7903,254
Total non-interest expense 36,56354,79248,16751,314
Income before income taxes 17,83813,71424,23128,010
Income tax expense 6,9974,7498,88211,077
Net income 10,8418,96515,34916,933
Accretion on preferred stock 898168700
Net income available to common shareholders 9,9438,79715,27916,933
Earnings Per Common Share 
Basic 0.380.270.450.49
Diluted 0.370.270.440.49
Dividends declared per common share 00.080.230.24
Consolidated Statements of Comprehensive Income 
Net income 10,8418,96515,34916,933
Other comprehensive income, net of tax 
Unrealized holding (losses) gains on securities arising during the period (8,565)8,075(164)(3,509)
Reclassification for net gains on investments included in net income (3,926)(646)(641)(891)
Other comprehensive (loss) income, before income tax (benefit) expense (12,491)7,429(805)(4,400)
Income tax (benefit) expense related to items of other comprehensive income (5,141)3,072(339)(1,850)
Other comprehensive (loss) income (7,350)4,357(466)(2,550)
Comprehensive income 3,49113,32214,88314,383


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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