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 Q3 YTD 9/30/2018 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 Q3 YTD 9/30/2018 USD

Interest income

Loans secured by real estate 169,208 171,347 191,856 204,487 144,889
C&I loans NA 0 41 3,072 6,541
Other loans 105 93 74 75 55
MBS 914 186 20 542 7,515
Investment securities 560 875 880 577 123
Other short-term investments 2,165 2,290 2,756 3,343 4,537
Total interest income 172,952 174,791 195,627 212,096 163,660

Interest expense

Deposits and escrow 19,591 23,005 32,374 38,391 36,100
Borrowed funds 28,825 23,222 19,767 20,975 18,384
Total interest expense 48,416 46,227 52,141 59,366 54,484
Net interest income 124,536 128,564 143,486 152,730 109,176
Provision for loan losses (1,872) (1,330) 2,118 520 1,641
Net interest income after provision for loan losses 126,408 129,894 141,368 152,210 107,535

Non-interest income

Service charges and other fees 3,191 3,323 3,429 3,828 3,443
Net mortgage banking income 1,225 183 96 201 292
Net gain on sale of securities and other assets 952 1,273 123 2,740 1,484
Gain on sale of loans NA 0 0 1,475 143
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 2,161
Other 1,278 1,432 1,369 641 179
Total non-interest income 9,038 8,616 75,934 21,514 7,702

Non-interest expense

Salaries and employee benefits 32,462 31,350 34,854 37,365 33,024
Stock benefit plan compensation expense 3,817 3,640 14,651 1,358 1,198
Occupancy and equipment 10,177 10,514 12,103 14,201 11,414
Data processing costs 3,595 4,017 5,194 8,280 5,374
Marketing 1,922 2,685 4,121 5,774 2,168
Federal deposit insurance premiums 2,151 2,304 2,515 2,966 1,521
Loss from extinguishment of debt NA 0 0 1,272 0
Other 6,952 7,983 10,393 13,770 9,446
Total non-interest expense 61,076 62,493 83,831 84,986 64,145
Income before income taxes 74,370 76,017 133,471 88,738 51,092
Income tax expense 30,124 31,245 60,957 36,856 12,244
Net income 44,246 44,772 72,514 51,882 38,848

Earnings per Share

Basic 1.23 1.24 1.97 1.38 1.04
Diluted 1.23 1.23 1.97 1.38 1.04

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 44,246 44,772 72,514 51,882 38,848

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 (7,011)
Change in pension and other postretirement obligations (5,942) 989 1,841 2,758 728
Change in unrealized gain on derivatives 0 0 3,228 794 3,330
Other comprehensive gain (loss) before income taxes (6,907) (455) 5,210 5,438 (2,953)
Deferred tax expense (benefit) (3,119) (201) 2,348 2,427 (981)
Other comprehensive income (loss), net of tax (3,788) (254) 2,862 3,011 (1,972)
Total comprehensive income 40,458 44,518 75,376 54,893 36,876
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.