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Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201412/31/201512/31/201612/31/20169/30/2017
(in thousands)     
Interest income 
Taxable 22,83422,45723,69226,84621,696
Nontaxable 6744357562
Taxable 1,2441,1981,5061,5361,562
Nontaxable 703709694594398
Total interest income 24,84824,40825,92729,05123,718
Interest expense 
Deposits 2,2311,9841,9792,5782,518
Repurchase Agreements & Other 5891171610
Federal Home Loan Bank advances 339334375352235
Trust preferred securities 1,4071,071213252223
Total interest expense 4,0353,4802,5843,1982,986
Net interest income 20,81320,92823,34325,85320,732
Provision for loan losses 9004501,100750200
Net interest income after provision for loan losses 19,91320,47822,24325,10320,532
Noninterest income 
Wealth Management Fees 2,6532,6302,6062,6282,059
Customer service fees 2,5872,6912,7792,7051,981
Gain on sale of mtg. loans & OMSR's 5,0664,2286,2648,1725,524
Mortgage loan servicing fees, net 1,2467311,025810851
Gain on sale of non-mortgage loans 5853219479791,093
Data service fees 1,5001,2891,190917559
Net gain on sale of securities 481600262119
Gain/(loss) on sale/disposal of assets (484)(79)1817710
Other income 8458568781,239929
Total non-interest income 14,04612,82715,70717,88913,125
Noninterest expense 
Salaries and employee benefits 13,49713,18514,91717,42113,897
Net occupancy expense 2,0552,0871,9432,1451,678
Equipment expense 2,8102,5252,2232,6182,012
Data processing fees 7149281,0601,3801,195
Professional fees 1,8271,7031,6631,4261,282
Marketing expense 471564594647581
Telephone and communication 582404387413349
Postage and delivery expense 796783801661336
State, local and other taxes 550370NANA535
OREO impairment 33NANANANA
Employee expense 557488543545570
Intangible amortization expense 564372NANANA
Other expenses 2,0552,5482,7962,8351,037
Total non-interest expense 26,51125,95726,92730,09123,472
Income before income tax expense 7,4487,34811,02312,90110,185
Income tax expense 2,2432,0853,4044,1173,152
Net income 5,2055,2637,6198,7847,033
Preferred Stock Dividends 00956975731
Net income available to common shareholders 5,2055,2636,6637,8096,302
Common share data 
Basic earnings per common share
Diluted earnings per common share
Average common shares outstanding (in thousands) 
Basic NANANANA4,825
Diluted NANANANA6,356
Condensed Consolidated Statements of Comprehensive Income 
Net income 5,2055,2637,6198,7847,033
Available-for-sale investment securities 
Gross unrealized holding gain arising in the period (2,612)1,439(406)(1,170)550
Gross unrealized holding gain arising in the period Related tax expense 888(489)138398(187)
Less - Reclassification for gain realized in income (48)(160)0262(119)
Less - Reclassification for gain realized in income Related tax expense 16540(89)40
Net effect on other comprehensive income (1,756)844(268)(599)284
Total comprehensive income 3,4496,1077,3518,1857,317

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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