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 2018 Q1 YTD 3/31/2018 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 2018 Q1 YTD 3/31/2018 USD

Interest income

Loans secured by real estate 169,208 171,347 191,856 204,487 49,575
Total NA 0 41 3,072 1,656
Other loans 105 93 74 75 19
MBS 914 186 20 542 2,257
Investment securities 560 875 880 577 15
Other short-term investments 2,165 2,290 2,756 3,343 1,511
Total interest income 172,952 174,791 195,627 212,096 55,033

Interest expense

Deposits and escrow 19,591 23,005 32,374 38,391 10,751
Borrowed funds 28,825 23,222 19,767 20,975 6,267
Total interest expense 48,416 46,227 52,141 59,366 17,018
Net interest income 124,536 128,564 143,486 152,730 38,015
Provision for loan losses (1,872) (1,330) 2,118 520 193
Net interest income after provision for loan losses 126,408 129,894 141,368 152,210 37,822

Non-interest income

Service charges and other fees 3,191 3,323 3,429 3,828 911
Mortgage banking income, net 1,225 183 96 201 111
Net gain on securities and other assets 952 1,273 123 2,740 1,366
Gain on sale of loans NA 0 0 1,475 90
Gain on the sale of premises held for sale 649 0 68,183 10,412 NA
Income from BOLI 1,743 2,405 2,734 2,217 712
Other 1,278 1,432 1,369 641 54
Total non-interest income 9,038 8,616 75,934 21,514 3,244

Non-interest expense

Salaries and employee benefits 32,462 31,350 34,854 37,365 11,177
Stock benefit plan compensation expense 3,817 3,640 14,651 1,358 388
Occupancy and equipment 10,177 10,514 12,103 14,201 3,872
Data processing costs 3,595 4,017 5,194 8,280 1,754
Marketing 1,922 2,685 4,121 5,774 1,047
Federal deposit insurance premiums 2,151 2,304 2,515 2,966 665
Loss from extinguishment of debt NA 0 0 1,272 NA
Other 6,952 7,983 10,393 13,770 2,831
Total non-interest expense 61,076 62,493 83,831 84,986 21,734
Income before income taxes 74,370 76,017 133,471 88,738 19,332
Income tax expense 30,124 31,245 60,957 36,856 4,587
Net income 44,246 44,772 72,514 51,882 14,745

Earnings per Share

Basic 1.23 1.24 1.97 1.38 0.39
Diluted 1.23 1.23 1.97 1.38 0.39

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 44,246 44,772 72,514 51,882 14,745

Other comprehensive income (loss)

Change in unrealized holding loss on securities held-to-maturity and transferred securities 97 116 85 1,299 0
Change in unrealized holding loss on securities available-for-sale (1,062) (1,560) 56 587 (2,558)
Change in pension and other postretirement obligations (5,942) 989 1,841 2,758 155
Change in unrealized gain on derivative asset 0 0 3,228 794 2,016
Other comprehensive gain (loss) before income taxes (6,907) (455) 5,210 5,438 (387)
Deferred tax expense (benefit) (3,119) (201) 2,348 2,427 (112)
Other comprehensive income (loss), net of tax (3,788) (254) 2,862 3,011 (275)
Total comprehensive income 40,458 44,518 75,376 54,893 14,470
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.