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Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201412/31/201512/31/201612/31/20166/30/2017
(in thousands)     
Interest income 
Taxable 22,83422,45723,69226,84614,043
Nontaxable 6744357541
Taxable 1,2441,1981,5061,5361,030
Nontaxable 703709694594266
Total interest income 24,84824,40825,92729,05115,380
Interest expense 
Deposits 2,2311,9841,9792,5781,611
Repurchase Agreements & Other 5891171610
Federal Home Loan Bank advances 339334375352149
Trust preferred securities 1,4071,071213252141
Total interest expense 4,0353,4802,5843,1981,911
Net interest income 20,81320,92823,34325,85313,469
Provision for loan losses 9004501,100750200
Net interest income after provision for loan losses 19,91320,47822,24325,10313,269
Noninterest income 
Wealth Management Fees 2,6532,6302,6062,6281,371
Customer service fees 2,5872,6912,7792,7051,307
Gain on sale of mtg. loans & OMSR's 5,0664,2286,2648,1723,313
Mortgage loan servicing fees, net 1,2467311,025810624
Gain on sale of non-mortgage loans 585321947979799
Data service fees 1,5001,2891,190917377
Net gain on sale of securities 4816002620
Gain/(loss) on sale/disposal of assets (484)(79)181772
Other income 8458568781,239471
Total non-interest income 14,04612,82715,70717,8898,264
Noninterest expense 
Salaries and employee benefits 13,49713,18514,91717,4219,053
Net occupancy expense 2,0552,0871,9432,1451,112
Equipment expense 2,8102,5252,2232,6181,324
Data processing fees 7149281,0601,380766
Professional fees 1,8271,7031,6631,426780
Marketing expense 471564594647401
Telephone and communication 582404387413229
Postage and delivery expense 796783801661233
State, local and other taxes 550370NANA337
OREO impairment 33NANANANA
Employee expense 557488543545328
Intangible amortization expense 564372NANANA
Other expenses 2,0552,5482,7962,835625
Total non-interest expense 26,51125,95726,92730,09115,188
Income before income tax expense 7,4487,34811,02312,9016,345
Income tax expense 2,2432,0853,4044,1172,035
Net income 5,2055,2637,6198,7844,310
Preferred Stock Dividends 00956975488
Net income available to common shareholders 5,2055,2636,6637,8093,822
Common share data 
Basic earnings per common share
Diluted earnings per common share
Average common shares outstanding (in thousands) 
Basic NANANANA4,839
Diluted NANANANA6,366
Consolidated Statements of Comprehensive Income 
Net income 5,2055,2637,6198,7844,310
Other comprehensive income 
Available-for-sale investment securities 
Gross unrealized holding gain arising in the period (2,612)1,439(406)(1,170)439
Related tax expense of Gross unrealized holding gain arising in the period 888(489)138398(149)
Less - Reclassification for gain realized in income (48)(160)02620
Related tax expense of Reclassification for gain realized in income 16540(89)0
Net effect on other comprehensive income (1,756)844(268)(599)290
Total comprehensive income 3,4496,1077,3518,1854,600

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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