Income Statement (rptd.)


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 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201512/31/201612/31/201612/31/20166/30/2017
(in thousands)     
Interest income 
Loans and leases, including fees 179,631181,619185,663192,992102,255
Investment securities 
Investment securities available-for-sale 50,21168,21463,19047,70225,647
Investment securities held-to-maturity 1881649,01820,22710,830
Total investment income 50,39968,37872,20867,92936,477
Dividends from FHLB stock 2,0332,1302,7742,224752
Federal funds sold 221NANANANA
Interest-earning deposits with other institutions and federal funds sold 4897768681,905553
Total interest income 232,773252,903261,513265,050140,037
Interest expense 
Deposits 4,8874,9775,2665,9572,992
Borrowings and customer repurchase agreements 10,99910,9912,8671,478811
Junior subordinated debentures 621421438541318
Total interest expense 16,50716,3898,5717,9764,121
Net interest income before recapture of provision for loan losses 216,266236,514252,942257,074135,916
Recapture of provision for loan losses (16,750)(16,100)(5,600)(6,400)(5,500)
Net interest income after recapture of provision for loan losses 233,016252,614258,542263,474141,416
Noninterest income 
Service charges on deposit accounts 15,92315,77815,56715,0667,709
Trust and investment services 8,0718,1188,6429,5954,909
Bankcard services 3,4813,3863,0942,9211,636
BOLI income 2,5112,4282,5612,6122,212
Gain on sale of loans 06,0017321,1010
(Loss) gain on sale of securities, net 2,094NANANANA
Decrease in FDIC loss sharing asset, net (12,860)(3,591)(902)(5)NA
Gain on OREO, net 3,131NANANANA
Other 2,9364,2923,7894,2623,032
Total noninterest income 25,28736,41233,48335,55219,498
Noninterest expense 
Salaries and employee benefits 71,01576,64478,61882,63043,281
Occupancy and equipment 14,50415,26414,89215,6418,238
Professional services 5,7095,4605,7575,0543,100
Software licenses and maintenance 4,6715,4025,3685,4653,188
Marketing and promotion 4,6815,1955,0155,0272,429
Recapture of provision for unfunded loan commitments 500(1,250)(500)(450)NA
Amortization of intangible assets 1,127NANANANA
Debt termination expense 0013,87016NA
OREO expense 856NANANANA
Insurance reimbursements (4,155)NANANANA
Acquisition related expenses 01,9734751,8971,926
Impairment loss on asset held-for-sale NA002,558NA
Legal settlement NA001,500NA
Other 15,12017,54117,16417,4028,828
Total noninterest expense 114,028126,229140,659136,74070,990
Earnings before income taxes 144,275162,797151,366162,28689,924
Income taxes 48,66758,77652,22160,85733,047
Net earnings 95,608104,02199,145101,42956,877
Other comprehensive income 
Unrealized gain on securities arising during the period, before tax (88,562)69,661(17,550)(17,966)2,066
Less - Reclassification adjustment for net gain on securities included in net income (2,094)022(548)(402)
Other comprehensive income, before tax (90,656)69,661(17,528)(18,514)1,664
Less - Income tax expense related to items of other comprehensive income 38,075(29,256)7,3627,776(699)
Other comprehensive income, net of tax (52,581)40,405(10,166)(10,738)965
Comprehensive income 43,027144,42688,97990,69157,842
Basic earnings per common share 0.910.980.930.940.52
Diluted earnings per common share 0.910.980.930.940.52
Cash dividends declared per common share 0.390.40.480.480.26

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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