As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2014 USD 2013 Y 12/31/2015 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2015 USD 2016 Q3 YTD 9/30/2016 USD

Interest income

Loans secured by real estate 189,149 171,594 169,208 171,347 141,099
Other loans 104 101 105 93 76
Mortgage backed securities 3,025 1,413 914 186 6
Investment securities 1,263 503 560 875 567
Federal funds sold and other short-term investments 2,413 1,845 2,165 2,290 2,089
Total interest income 195,954 175,456 172,952 174,791 143,837

Interest expense

Deposits and escrow 21,779 19,927 19,591 23,005 23,026
Borrowed funds 64,333 27,042 28,825 23,222 15,223
Total interest expense 86,112 46,969 48,416 46,227 38,249
Net interest income 109,842 128,487 124,536 128,564 105,588
Provision (credit) for loan losses 3,921 369 (1,872) (1,330) 1,589
Net interest income after provision (credit) for loan losses 105,921 128,118 126,408 129,894 103,999

Non-interest income

Total other than temporary impairment ("OTTI") losses (187) NA NA NA NA
Less - Non-credit portion of OTTI recorded in other comprehensive income (before taxes) 6 NA NA NA NA
Net OTTI recognized in earnings (181) NA NA NA NA
Service charges and other fees 3,445 3,459 3,191 3,323 2,566
Net mortgage banking income 1,768 473 1,225 183 71
Net gain (loss) on securities and other assets 1,135 375 952 1,273 148
Net (loss) gain on the disposal of other assets 13,726 (21) 649 0 NA
Net gain on the sale of premises held for sale NA NA NA NA 68,183
Income from BOLI 1,689 1,672 1,743 2,405 2,173
Other 2,267 1,505 1,278 1,432 976
Total non-interest income 23,849 7,463 9,038 8,616 74,117

Non-interest expense

Salaries and employee benefits 33,805 34,336 32,462 31,350 26,132
Stock benefit plan amortization expense 3,842 3,957 3,817 3,640 2,539
Occupancy and equipment 10,052 10,451 10,177 10,514 8,992
Data processing costs 3,026 3,565 3,595 4,017 3,735
Advertising and marketing 1,554 1,109 1,922 2,685 NA
Federal deposit insurance premiums 2,057 1,951 2,151 2,304 1,933
Provision for losses on OREO 0 180 0 0 NA
Other 8,236 7,143 6,952 7,983 10,862
Total non-interest expense 62,572 62,692 61,076 62,493 54,193
Income before income taxes 67,198 72,889 74,370 76,017 123,923
Income tax expense 26,890 29,341 30,124 31,245 52,141
Net income 40,308 43,548 44,246 44,772 71,782

Earnings per Share

Basic 1.18 1.24 1.23 1.24 1.95
Diluted 1.17 1.23 1.23 1.23 1.95

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 40,308 43,548 44,246 44,772 71,782
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, 111 149 36 71 NA
Non-credit component of OTTI charge recognized during the period, net of tax benefit (3) NA NA NA NA
Reduction in (adjustment to) non-credit component of other than temporary impairment (“OTTI”) 165 16 16 (5) NA
Reclassification adjustment for securities sold during the period, net of income tax expense (benefit) (561) (60) (547) (760) NA
Net unrealized securities gains (losses) arising during the period, net of deferred tax expense (benefit) (1,339) 201 (36) (98) NA
Change in pension and other postretirement obligations, net of deferred tax expense (benefit) 1,696 4,575 (3,257) 538 NA

Other comprehensive income

Change in unrealized holding loss on securities held-to-maturity and transferred securities NA NA NA NA 62
Change in unrealized holding gain on securities available-for-sale NA NA NA NA 169
Change in pension and other postretirement obligations NA NA NA NA 1,275
Change in unrealized loss on derivative liability NA NA NA NA (249)
Other comprehensive gain (loss) before income taxes NA NA NA NA 1,257
Deferred tax expense (benefit) NA NA NA NA 566
Other comprehensive income (loss), net of tax 69 4,881 (3,788) (254) 691
Total other comprehensive income 40,377 48,429 40,458 44,518 72,473
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.