As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Interest income

Loans secured by real estate 169,208 171,347 191,856 204,487
C&I loans NA 0 41 3,072
Other loans 105 93 74 75
MBS 914 186 20 542
Investment securities 560 875 880 577
Other short-term investments 2,165 2,290 2,756 3,343
Total interest income 172,952 174,791 195,627 212,096

Interest expense

Deposits and escrow 19,591 23,005 32,374 38,391
Borrowed funds 28,825 23,222 19,767 20,975
Total interest expense 48,416 46,227 52,141 59,366
Net interest income 124,536 128,564 143,486 152,730
Provision (Credit) for loan losses (1,872) (1,330) 2,118 520
Net interest income after provision for loan losses 126,408 129,894 141,368 152,210

Non-interest income

Service charges and other fees 3,191 3,323 3,429 3,828
Mortgage banking income, net 1,225 183 96 201
Net gain on securities and other assets 952 1,273 123 2,740
Gain on sale of loans NA 0 0 1,475
Gain on the sale of premises held for sale 649 0 68,183 10,412
Income from BOLI 1,743 2,405 2,734 2,217
Other 1,278 1,432 1,369 641
Total non-interest income 9,038 8,616 75,934 21,514

Non-interest expense

Salaries and employee benefits 32,462 31,350 34,854 37,365
Stock benefit plan compensation expense 3,817 3,640 14,651 1,358
Occupancy and equipment 10,177 10,514 12,103 14,201
Data processing costs 3,595 4,017 5,194 8,280
Advertising and marketing 1,922 2,685 4,121 5,774
Federal deposit insurance premiums 2,151 2,304 2,515 2,966
Loss from extinguishment of debt NA 0 0 1,272
Other 6,952 7,983 10,393 13,770
Total non-interest expense 61,076 62,493 83,831 84,986
Income before income taxes 74,370 76,017 133,471 88,738
Income tax expense 30,124 31,245 60,957 36,856
Net income 44,246 44,772 72,514 51,882

Earnings per Share (“EPS”)

Basic 1.23 1.24 1.97 1.38
Diluted 1.23 1.23 1.97 1.38

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income FormOrder 44,246 44,772 72,514 51,882

Other comprehensive income

Change in unrealized holding loss on securities transferred to held-to-maturity 97 116 85 1,299
Change in unrealized holding loss (gain) on securities available-for-sale (1,062) (1,560) 56 587
Change in pension and other postretirement obligations (5,942) 989 1,841 2,758
Change in unrealized gain on derivative asset 0 0 3,228 794
Other comprehensive gain (loss) before income taxes (6,907) (455) 5,210 5,438
Deferred tax expense (benefit) (3,119) (201) 2,348 2,427
Other comprehensive income (loss), net of tax (3,788) (254) 2,862 3,011
Total comprehensive income 40,458 44,518 75,376 54,893
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