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 Q2 YTD 6/30/2017 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 Q2 YTD 6/30/2017 USD

Interest income

Loans secured by real estate 171,594 169,208 171,347 191,856 101,612
C&I loans NA NA NA NA 515
Other loans 101 105 93 115 36
MBS 1,413 914 186 20 28
Investment securities 503 560 875 880 354
Other short-term investments 1,845 2,165 2,290 2,756 1,328
Total interest income 175,456 172,952 174,791 195,627 103,873

Interest expense

Deposits and escrow 19,927 19,591 23,005 32,374 19,016
Borrowed funds 27,042 28,825 23,222 19,767 9,317
Total interest expense 46,969 48,416 46,227 52,141 28,333
Net interest income 128,487 124,536 128,564 143,486 75,540
Provision for loan losses 369 (1,872) (1,330) 2,118 1,497
Net interest income after provision for loan losses 128,118 126,408 129,894 141,368 74,043

Non-interest income

Service charges and other fees 3,459 3,191 3,323 3,429 1,713
Net mortgage banking income 473 1,225 183 96 81
Net gain on securities and other assets 375 952 1,273 123 134
Net (loss) gain on the disposal of other assets (21) NA NA NA NA
Net (loss) 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 1,096
Other 1,505 1,278 1,432 1,369 501
Total non-interest income 7,463 9,038 8,616 75,934 3,525

Non-interest expense

Salaries and employee benefits 34,336 32,462 31,350 34,854 19,661
Stock benefit plan compensation expense 3,957 3,817 3,640 14,651 NA
Occupancy and equipment 10,451 10,177 10,514 12,103 7,128
Data processing costs 3,565 3,595 4,017 5,194 3,110
Marketing 1,109 1,922 2,685 4,121 2,932
Federal deposit insurance premiums 1,951 2,151 2,304 2,515 1,367
Provision for losses on OREO 180 NA NA NA NA
Other 7,143 6,952 7,983 10,393 6,040
Total non-interest expense 62,692 61,076 62,493 83,831 40,238
Income before income taxes 72,889 74,370 76,017 133,471 37,330
Income tax expense 29,341 30,124 31,245 60,957 14,184
Net income 43,548 44,246 44,772 72,514 23,146

Earnings per Share

Basic 1.24 1.23 1.24 1.97 0.62
Diluted 1.23 1.23 1.23 1.97 0.61

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 43,548 44,246 44,772 72,514 23,146
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 64
Change in unrealized holding loss on securities available-for-sale NA (1,062) (1,560) 56 224
Change in pension and other postretirement obligations NA (5,942) 989 1,841 657
Change in unrealized gain on derivatives NA 0 0 3,228 (418)
Other comprehensive gain before income taxes NA (6,907) (455) 5,210 527
Deferred tax expense (benefit) NA (3,119) (201) 2,348 235
Other comprehensive income (loss), net of tax 4,881 (3,788) (254) 2,862 292
Total comprehensive income 48,429 40,458 44,518 75,376 23,438
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.