As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Interest income

Loans secured by real estate 171,594 169,208 171,347 191,856 153,233
C&I loans NA NA NA NA 1,558
Other loans 101 105 93 115 55
MBS 1,413 914 186 20 55
Investment securities 503 560 875 880 462
Other short-term investments 1,845 2,165 2,290 2,756 2,139
Total interest income 175,456 172,952 174,791 195,627 157,502

Interest expense

Deposits and escrow 19,927 19,591 23,005 32,374 28,424
Borrowed funds 27,042 28,825 23,222 19,767 15,080
Total interest expense 46,969 48,416 46,227 52,141 43,504
Net interest income 128,487 124,536 128,564 143,486 113,998
Provision for loan losses 369 (1,872) (1,330) 2,118 1,520
Net interest income after provision for loan losses 128,118 126,408 129,894 141,368 112,478

Non-interest income

Service charges and other fees 3,459 3,191 3,323 3,429 2,661
Net mortgage banking income 473 1,225 183 96 150
Net gain on securities and other assets 375 952 1,273 123 2,769
Net (loss) gain on the disposal of other assets (21) NA NA NA NA
Net gain on the sale of premises held for sale NA 649 0 68,183 0
Income from BOLI 1,672 1,743 2,405 2,734 1,654
Other 1,505 1,278 1,432 1,369 574
Total non-interest income 7,463 9,038 8,616 75,934 7,808

Non-interest expense

Salaries and employee benefits 34,336 32,462 31,350 34,854 27,577
Employee Stock Option Plan ("ESOP") & restricted stock award (“RSA”) benefit expense 3,957 3,817 3,640 14,651 1,030
Occupancy and equipment 10,451 10,177 10,514 12,103 10,620
Data processing costs 3,565 3,595 4,017 5,194 6,502
Marketing 1,109 1,922 2,685 4,121 4,399
Federal deposit insurance premiums 1,951 2,151 2,304 2,515 2,242
Provision for losses on OREO 180 NA NA NA NA
Loss from extinguishment of debt NA NA NA NA 1,272
Other 7,143 6,952 7,983 10,393 8,771
Total non-interest expense 62,692 61,076 62,493 83,831 62,413
Income before income taxes 72,889 74,370 76,017 133,471 57,873
Income tax expense 29,341 30,124 31,245 60,957 21,414
Net income 43,548 44,246 44,772 72,514 36,459

Earnings per Share

Basic 1.24 1.23 1.24 1.97 0.97
Diluted 1.23 1.23 1.23 1.97 0.97

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 43,548 44,246 44,772 72,514 36,459
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of tax 149 NA NA NA NA
Reduction in (adjustment to) non-credit component of other than temporary impairment of securities, net of tax (expense) benefit 16 NA NA NA NA
Reclassification adjustment for securities sold during the period, net of tax benefit (60) NA NA NA NA
Net unrealized securities gain (loss) arising during the period, net of deferred tax (expense) benefit 201 NA NA NA NA
Change in pension and other postretirement obligations, net of deferred tax (expense) benefit 4,575 NA NA NA NA

Other comprehensive income

Change in unrealized holding loss on securities held-to-maturity and transferred securities NA 97 116 85 1,299
Change in unrealized holding loss on securities available-for-sale NA (1,062) (1,560) 56 251
Change in pension and other postretirement obligations NA (5,942) 989 1,841 1,012
Change in unrealized gain on derivatives NA 0 0 3,228 (326)
Other comprehensive gain before income taxes NA (6,907) (455) 5,210 2,236
Deferred tax expense NA (3,119) (201) 2,348 1,008
Other comprehensive income, net of tax 4,881 (3,788) (254) 2,862 1,228
Total comprehensive income 48,429 40,458 44,518 75,376 37,687
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.