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Income Statement

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 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201512/31/201712/31/201712/31/20176/30/2018
(in thousands)     
Interest income 
Taxable 22,45723,69226,84629,79217,108
Tax exempt 4435758557
Taxable 1,1981,5061,5362,0761,186
Tax exempt 709694594527232
Total interest income 24,40825,92729,05132,48018,583
Interest expense 
Deposits 1,9841,9792,5783,4562,066
Repurchase agreements & other 9117161516
Federal Home Loan Bank advances 334375352320189
Trust preferred securities 1,071213252303188
Total interest expense 3,4802,5843,1984,0942,459
Net interest income 20,92823,34325,85328,38616,124
Provision for loan losses 4501,100750400600
Net interest income after provision for loan losses 20,47822,24325,10327,98615,524
Noninterest income 
Wealth management fees 2,6302,6062,6282,7771,449
Customer service fees 2,6912,7792,7052,6711,319
Gain on sale of mortgage loans & OMSR's 4,2286,2648,1727,1323,158
Mortgage loan servicing fees, net 7311,0258101,316718
Gain on sale of non-mortgage loans 3219479791,272810
Data service fees 1,2891,1909177380
Net gain on sales of securities 1600262119NA
Gain/(loss) on sale/disposal of assets (79)18177621
Other income 8568781,2391,1861,017
Total noninterest income 12,82715,70717,88917,2178,492
Noninterest expense 
Salaries and employee benefits 13,18514,91717,42118,64610,140
Net occupancy expense 2,0871,9432,1452,2601,209
Equipment expense 2,5252,2232,6182,7601,466
Data processing fees 9281,0601,3801,558856
Professional fees 1,7031,6631,4261,774923
Marketing expense 564594647734425
Telephone and communications 404387413462250
Postage and delivery expense 783801661454137
State, local and other taxes 370NANANA362
Employee expense 488543545797386
Intangible amortization expense 372NANANANA
Other expenses 2,5482,7962,8352,1331,052
Total noninterest expense 25,95726,92730,09131,57817,206
Income before income tax expense 7,34811,02312,90113,6256,810
Income tax expense 2,0853,4044,1172,5601,250
Net income 5,2637,6198,78411,0655,560
Preferred Stock Dividends 0956975975488
Net income available to common shareholders 5,2636,6637,80910,0905,072
Common share data 
Basic earnings per common share 1.081.361.62.10.85
Diluted earnings per common share
Average common shares outstanding (in thousands) 
Basic NANANANA5,935
Diluted NANANANA7,454
Net income 5,2637,6198,78411,0655,560
Other comprehensive income 
Available for sale investment securities 
Unrealized holding gain (loss) arising in the period 1,439(406)(1,170)(374)(1,391)
Related tax (expense) benefit (489)138398126292
Less - reclassification adjustment for gain realized in income (160)0262119NA
Related tax benefit 540(89)(40)NA
Net effect on other comprehensive income 844(268)(599)(169)(1,099)
Total comprehensive income 6,1077,3518,18510,8964,461

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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