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 Q2 YTD 6/30/2018 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 Q2 YTD 6/30/2018 USD

Interest income

Loans secured by real estate 169,208 171,347 191,856 204,487 97,403
C&I loans NA 0 41 3,072 3,812
Other loans 105 93 74 75 37
MBS 914 186 20 542 4,663
Investment securities 560 875 880 577 64
Other short-term investments 2,165 2,290 2,756 3,343 3,058
Total interest income 172,952 174,791 195,627 212,096 109,037

Interest expense

Deposits and escrow 19,591 23,005 32,374 38,391 22,739
Borrowed funds 28,825 23,222 19,767 20,975 12,149
Total interest expense 48,416 46,227 52,141 59,366 34,888
Net interest income 124,536 128,564 143,486 152,730 74,149
Provision for loan losses (1,872) (1,330) 2,118 520 1,306
Net interest income after provision for loan losses 126,408 129,894 141,368 152,210 72,843

Non-interest income

Service charges and other fees 3,191 3,323 3,429 3,828 2,210
Net mortgage banking income 1,225 183 96 201 213
Net gain on securities and other assets 952 1,273 123 2,740 1,385
Gain on sale of loans NA 0 0 1,475 125
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 1,432
Other 1,278 1,432 1,369 641 116
Total non-interest income 9,038 8,616 75,934 21,514 5,481

Non-interest expense

Salaries and employee benefits 32,462 31,350 34,854 37,365 22,061
Stock benefit plan compensation expense 3,817 3,640 14,651 1,358 795
Occupancy and equipment 10,177 10,514 12,103 14,201 7,569
Data processing costs 3,595 4,017 5,194 8,280 3,551
Marketing 1,922 2,685 4,121 5,774 1,193
Federal deposit insurance premiums 2,151 2,304 2,515 2,966 1,139
Loss from extinguishment of debt NA 0 0 1,272 NA
Other 6,952 7,983 10,393 13,770 6,253
Total non-interest expense 61,076 62,493 83,831 84,986 42,561
Income before income taxes 74,370 76,017 133,471 88,738 35,763
Income tax expense 30,124 31,245 60,957 36,856 8,697
Net income 44,246 44,772 72,514 51,882 27,066

Earnings per Share

Basic 1.23 1.24 1.97 1.38 0.72
Diluted 1.23 1.23 1.97 1.38 0.72

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 44,246 44,772 72,514 51,882 27,066

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 (4,237)
Change in pension and other postretirement obligations (5,942) 989 1,841 2,758 441
Change in unrealized gain on derivatives 0 0 3,228 794 2,576
Other comprehensive gain (loss) before income taxes (6,907) (455) 5,210 5,438 (1,220)
Deferred tax expense (benefit) (3,119) (201) 2,348 2,427 (404)
Other comprehensive income (loss), net of tax (3,788) (254) 2,862 3,011 (816)
Total comprehensive income 40,458 44,518 75,376 54,893 26,250
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.