Income Statement (As Reported)

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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 
Interest and fees on loans 80,66471,82370,93074,15739,807
Interest on securities 
Taxable 4,0596,3417,8059,9215,535
Tax-exempt 1,1019919071,250966
Other investments 1,2971,4001,2001,195604
Total Interest Income 87,12180,55580,84286,52346,912
Interest Expense 
Deposits 5,7064,9674,0094,9412,921
Other borrowings 3,4562,3321,8471,941NA
Other borrowings and subordinated debentures NANANANA1,033
Total Interest Expense 9,1627,2995,8566,8823,954
Net Interest Income 77,95973,25674,98679,64142,958
Provision for loan losses (3,988)(3,136)(2,714)(1,309)224
Net Interest Income After Provision for Loan Losses 81,94776,39277,70080,95042,734
Non-interest Income 
Service charges on deposit accounts 14,07613,44612,38912,4066,184
Interchange income 7,3628,1648,4817,9383,927
Net gains (losses) on assets 
Mortgage loans 10,0225,6287,44810,5665,915
Securities 39532920563(7)
Other than temporary impairment loss on securities 
Total impairment loss (26)(9)00NA
Loss recognized in other comprehensive income (loss) 0000NA
Net impairment loss recognized in earnings (26)(9)00NA
Mortgage loan servicing, net 3,8067911,7512,222667
Title insurance fees 1,6829951,1561,187587
Net gain on branch sale 001,1930NA
Gain on extinguishment of debt 050000NA
Increase in fair value of U.S. Treasury warrant (1,025)NANANANA
Other 8,5378,9317,6927,4163,512
Total Non-interest Income 44,82938,77540,13042,29820,785
Non-interest Expense 
Compensation and employee benefits 47,92447,22148,18649,57927,527
Occupancy, net 8,8458,9128,3698,0234,062
Data processing 8,0197,5327,9447,9523,874
Furniture, fixtures and equipment 4,2934,1373,8923,9121,982
Communications 2,9192,9262,9573,1421,361
Loan and collection 6,8865,3923,6092,5121,083
Litigation settlement expense NA002,300NA
Advertising 2,4332,1932,1211,8561,025
Legal and professional 2,4591,9692,0131,742826
Interchange expense 1,6451,2911,1251,111575
FDIC deposit insurance 2,4351,5671,3661,049400
Credit card and bank service fees 1,263946797791327
Loss on sale of payment plan business NA00320NA
Net (gains) losses on other real estate and repossessed assets 1,237(500)(180)250NA
Provision for loss reimbursement on sold loans 2,152(466)(59)30NA
Costs related to unfunded lending commitments (90)NANANANA
Vehicle service contract counterparty contingencies 4,837NANANANA
Other 6,8616,8316,3105,7783,288
Total Non-interest Expense 104,11889,95188,45090,34746,330
Income Before Income Tax 22,65825,21629,38032,90117,189
Income tax expense (54,851)7,1959,36310,1355,284
Net Income 77,50918,02120,01722,76611,905
Preferred stock dividends and discount accretion (3,001)NANANANA
Preferred stock discount 7,554NANANANA
Net Income Applicable to Common Stock 82,062NANANANA
Net Income Per Common Share 
Basic 5.870.790.881.060.56
Diluted 3.550.770.861.050.55
Dividends Per Common Share 
Consolidated Statements of Comprehensive Income 
Net income 77,50918,02120,01722,76611,905
Other comprehensive income, before tax 
Securities available for sale 
Unrealized gains arising during period (4,698)5,095(540)(4,465)7,718
Change in unrealized gains for which a portion of other than temporary impairment has been recognized in earnings 27039804085
Reclassification adjustment for other than temporary impairment included in earnings 26900NA
Reclassification adjustments for gains included in earnings (7)(329)(75)(301)(117)
Unrealized gains recognized in other comprehensive income on securities available for sale (4,409)5,173(615)(4,726)7,686
Income tax expense (1,544)1,811(215)(1,654)2,690
Unrealized gains recognized in other comprehensive income on securities available for sale, net of tax (2,865)3,362(400)(3,072)4,996
Derivative instruments 
Unrealized loss arising during period (37)NANANANA
Reclassification adjustment for expense recognized in earnings 208NANANANA
Reclassification adjustment for accretion on settled derivatives 18938000NA
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments 36038000NA
Income tax expense (1,318)13300NA
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax 1,67824700NA
Other comprehensive income (1,187)3,609(400)(3,072)4,996
Comprehensive income 76,32221,63019,61719,69416,901

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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