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Income Statement

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 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201512/31/201712/31/201712/31/20173/31/2018
(in thousands)     
Interest income 
Taxable 22,45723,69226,84629,7928,140
Tax exempt 4435758521
Taxable 1,1981,5061,5362,076573
Tax exempt 709694594527117
Total interest income 24,40825,92729,05132,4808,851
Interest expense 
Deposits 1,9841,9792,5783,456975
Repurchase agreements & other 9117161510
Federal Home Loan Bank advances 33437535232079
Trust preferred securities 1,07121325230387
Total interest expense 3,4802,5843,1984,0941,151
Net interest income 20,92823,34325,85328,3867,700
Provision for loan losses 4501,100750400300
Net interest income after provision for loan losses 20,47822,24325,10327,9867,400
Noninterest income 
Wealth management fees 2,6302,6062,6282,777739
Customer service fees 2,6912,7792,7052,671644
Gain on sale of mortgage loans & OMSR's 4,2286,2648,1727,1321,100
Mortgage loan servicing fees, net 7311,0258101,316471
Gain on sale of non-mortgage loans 3219479791,272660
Data service fees 1,2891,1909177380
Net gain on sales of securities 1600262119NA
Gain/(loss) on sale/disposal of assets (79)181776(39)
Other income 8568781,2391,186668
Total noninterest income 12,82715,70717,88917,2174,243
Noninterest expense 
Salaries and employee benefits 13,18514,91717,42118,6464,939
Net occupancy expense 2,0871,9432,1452,260649
Equipment expense 2,5252,2232,6182,760829
Data processing fees 9281,0601,3801,558438
Professional fees 1,7031,6631,4261,774419
Marketing expense 564594647734221
Telephone and communications 404387413462122
Postage and delivery expense 78380166145474
State, local and other taxes 370NANANA186
Employee expense 488543545797166
Intangible amortization expense 372NANANANA
Other expenses 2,5482,7962,8352,133584
Total noninterest expense 25,95726,92730,09131,5788,627
Income before income tax expense 7,34811,02312,90113,6253,016
Income tax expense 2,0853,4044,1172,560563
Net income 5,2637,6198,78411,0652,453
Preferred Stock Dividends 0956975975244
Net income available to common shareholders 5,2636,6637,80910,0902,209
Common share data 
Basic earnings per common share 1.081.361.62.10.4
Diluted earnings per common share
Average common shares outstanding (in thousands) 
Basic NANANANA5,519
Diluted NANANANA7,055
Condensed Consolidated Statements of Comprehensive Income 
Net income 5,2637,6198,78411,0652,453
Other comprehensive income 
Available-for-sale investment securities 
Unrealized holding gain (loss) arising in the period 1,439(406)(1,170)(374)(1,013)
Related tax (expense) benefit (489)138398126213
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)(800)
Total comprehensive income 6,1077,3518,18510,8961,653

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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