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
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

Interest income

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

Interest expense

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

Non-interest income

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

Non-interest expense

Salaries and employee benefits 34,336 32,462 31,350 34,854
Stock benefit plan compensation expense 3,957 3,817 3,640 14,651
Occupancy and equipment 10,451 10,177 10,514 12,103
Data processing costs 3,565 3,595 4,017 5,194
Advertising and marketing 1,109 1,922 2,685 4,121
Federal deposit insurance premiums 1,951 2,151 2,304 2,515
Provision for losses on OREO 180 NA NA NA
Other 7,143 6,952 7,983 10,393
Total non-interest expense 62,692 61,076 62,493 83,831
Income before income taxes 72,889 74,370 76,017 133,471
Income tax expense 29,341 30,124 31,245 60,957
Net income 43,548 44,246 44,772 72,514

Earnings per Share (“EPS”)

Basic 1.24 1.23 1.24 1.97
Diluted 1.23 1.23 1.23 1.97

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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

Other comprehensive income

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