Income Statement (As Reported)

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 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
(in thousands)     
Interest Income 
Interest and fees on loans 71,82370,93074,15784,28123,353
Interest on securities 
Taxable 6,3417,8059,92110,9282,635
Tax-exempt 9919071,2502,000479
Other investments 1,4001,2001,1951,100330
Total Interest Income 80,55580,84286,52398,30926,797
Interest Expense 
Deposits 4,9674,0094,9416,7752,287
Other borrowings 2,332NANANANA
Other borrowings and subordinated debentures NA1,8471,9412,348574
Total Interest Expense 7,2995,8566,8829,1232,861
Net Interest Income 73,25674,98679,64189,18623,936
Provision for loan losses (3,136)(2,714)(1,309)1,199315
Net Interest Income After Provision for Loan Losses 76,39277,70080,95087,98723,621
Non-interest Income 
Service charges on deposit accounts 13,44612,38912,40612,6732,905
Interchange income 8,1648,4817,9388,0232,246
Net gains (losses) on assets 
Mortgage loans 5,6287,44810,56611,7622,571
Securities 32920563260(173)
Other than temporary impairment loss on securities 
Total impairment loss (9)NANANANA
Loss recognized in other comprehensive income (loss) 0NANANANA
Net impairment loss recognized in earnings (9)NANANANA
Mortgage loan servicing, net 7911,7512,2221,6472,221
Title insurance fees 995NANANANA
Net gain on branch sale 01,19300NA
Gain on extinguishment of debt 500NANANANA
Other 8,9318,8488,6038,1681,943
Total Non-interest Income 38,77540,13042,29842,53311,713
Non-interest Expense 
Compensation and employee benefits 47,22148,18649,57955,08914,468
Occupancy, net 8,9128,3698,0238,1022,264
Data processing 7,5327,9447,9527,6571,878
Furniture, fixtures and equipment 4,1373,8923,9123,870967
Communications 2,9262,9573,1422,684680
Loan and collection 5,3923,6092,5122,230677
Interchange expense 1,2911,1251,1111,156598
Advertising 2,1932,1211,8561,905441
Legal and professional 1,9692,0131,7421,892378
FDIC deposit insurance 1,5671,3661,049894230
Merger related expenses NA00284174
Net (gains) losses on other real estate and repossessed assets (500)(180)250(606)NA
Provision for loss reimbursement on sold loans (466)NANANANA
Litigation settlement expense 002,3000NA
Loss on sale of payment plan business 003200NA
Credit card and bank service fees 94679779152996
Other 6,8316,2515,8086,3961,284
Total Non-interest Expense 89,95188,45090,34792,08224,135
Income Before Income Tax 25,21629,38032,90138,43811,199
Income tax expense 7,1959,36310,13517,9632,038
Net Income 18,02120,01722,76620,4759,161
Net Income Per Common Share 
Basic 0.790.881.060.960.43
Diluted 0.770.861.050.950.42
Dividends Per Common Share 
Condensed Consolidated Statements of Comprehensive Income 
Net income 18,02120,01722,76620,4759,161
Other comprehensive income (loss), before tax 
Securities available for sale 
Unrealized gains (losses) arising during period 5,095(540)(4,465)4,065(3,865)
Change in unrealized gains for which a portion of other than temporary impairment has been recognized in earnings 398040186(1)
Reclassification adjustment for other than temporary impairment included in earnings 9NANANANA
Reclassification adjustments for (gains) losses included in earnings (329)(75)(301)(215)19
Unrealized gains (losses) recognized in other comprehensive income (loss) on securities available for sale 5,173(615)(4,726)4,036(3,847)
Income tax expense (benefit) 1,811(215)(1,654)1,413(808)
Unrealized gains (losses)recognized in other comprehensive income (loss) on securities available for sale, net of tax 3,362(400)(3,072)2,623(3,039)
Derivative instruments 
Unrealized gain arising during period NA00324684
Reclassification adjustment for income recognized in earnings NA0018(6)
Reclassification adjustment for accretion on settled derivatives 380NANANANA
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments 38000342678
Income tax expense 13300120142
Unrealized gains recognized in other comprehensive income (loss) on derivative instruments, net of tax 24700222536
Other comprehensive income (loss) 3,609(400)(3,072)2,845(2,503)
Comprehensive income 21,63019,61719,69423,3206,658

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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