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 Q1 YTD 3/31/2017 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 Q1 YTD 3/31/2017 USD

Interest income

Loans secured by real estate 171,594 169,208 171,347 191,856 50,475
Total 16 NA NA NA 41
Reclassification adjustment for securities sold during the period, net of income tax expense (benefit) (60) NA NA NA NA
Net unrealized securities gains (losses) 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 loans 101 105 93 115 18
MBS 1,413 914 186 20 14
Investment securities 503 560 875 880 190
Other short-term investments 1,845 2,165 2,290 2,756 717
Total interest income 175,456 172,952 174,791 195,627 51,455

Interest expense

Deposits and escrow 19,927 19,591 23,005 32,374 9,507
Borrowed funds 27,042 28,825 23,222 19,767 4,461
Total interest expense 46,969 48,416 46,227 52,141 13,968
Net interest income 128,487 124,536 128,564 143,486 37,487
Provision (credit) for loan losses 369 (1,872) (1,330) 2,118 450
Net interest income after provision (credit) for loan losses 128,118 126,408 129,894 141,368 37,037

Non-interest income

Service charges and other fees 3,459 3,191 3,323 3,429 794
Net mortgage banking income 473 1,225 183 96 16
Net gain on securities and other assets 375 952 1,273 123 75
Net (loss) gain on the disposal of other assets (21) NA NA NA NA
Net gain on the sale of premises held for sale NA 649 0 68,183 0
Income from BOLI 1,672 1,743 2,405 2,734 545
Other 1,505 1,278 1,432 1,369 348
Total non-interest income 7,463 9,038 8,616 75,934 1,778

Non-interest expense

Salaries and employee benefits 34,336 32,462 31,350 34,854 10,320
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 3,628
Data processing costs 3,565 3,595 4,017 5,194 1,607
Marketing 1,109 1,922 2,685 4,121 1,466
Federal deposit insurance premiums 1,951 2,151 2,304 2,515 655
Provision for losses on OREO 180 NA NA NA NA
Other 7,143 6,952 7,983 10,393 3,093
Total non-interest expense 62,692 61,076 62,493 83,831 20,769
Income before income taxes 72,889 74,370 76,017 133,471 18,046
Income tax expense 29,341 30,124 31,245 60,957 6,889
Net income 43,548 44,246 44,772 72,514 11,157

Earnings per Share

Basic 1.24 1.23 1.24 1.97 0.30
Diluted 1.23 1.23 1.23 1.97 0.30

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 43,548 44,246 44,772 72,514 11,157
Amortization and reversal of net unrealized loss on securities transferred from available-for-sale to held-to-maturity, 149 NA NA NA NA

Other comprehensive income

Change in unrealized holding loss on securities held-to-maturity and transferred securities NA 97 116 85 34
Change in unrealized holding loss on securities available-for-sale NA (1,062) (1,560) 56 120
Change in pension and other postretirement obligations NA (5,942) 989 1,841 302
Change in unrealized gain on derivative asset NA 0 0 3,228 315
Other comprehensive gain before income taxes NA (6,907) (455) 5,210 771
Deferred tax expense NA (3,119) (201) 2,348 346
Other comprehensive income, net of tax 4,881 (3,788) (254) 2,862 425
Total comprehensive income 48,429 40,458 44,518 75,376 11,582
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.