As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD

CONSOLIDATED STATEMENTS OF INCOME

Interest income

Loans secured by real estate 171,347 191,856 204,487 194,842 49,177
C&I loans 0 41 3,072 9,741 3,436
Other loans 93 74 75 74 18
Mortgage-backed securities (“MBS”) and Agency Collaterized Mortgage Obligation (“CMO”) securities 186 20 542 10,794 3,197
Marketable equity and investment securities 875 880 577 363 420
Other short-term investments 2,290 2,756 3,343 5,896 1,447
Total interest income 174,791 195,627 212,096 221,710 57,695

Interest expense

Deposits and escrow 23,005 32,374 38,391 50,389 15,017
Borrowed funds 23,222 19,767 20,975 24,995 7,354
Total interest expense 46,227 52,141 59,366 75,384 22,371
Net interest income 128,564 143,486 152,730 146,326 35,324
Provision for loan losses (1,330) 2,118 520 2,244 321
Net interest income after provision for loan losses 129,894 141,368 152,210 144,082 35,003

Non-interest income

Service charges and other fees 3,323 3,429 3,828 4,642 1,099
Mortgage banking income, net 183 96 201 367 68
Net gain on securities and other assets 1,273 123 2,740 1,068 192
Gain on sale of loans 0 0 1,475 302 255
Gain on sale of premises held for sale 0 68,183 10,412 0 NA
Income from BOLI 2,405 2,734 2,217 2,882 694
Other 1,432 1,369 641 262 52
Total non-interest income 8,616 75,934 21,514 9,523 2,360

Non-interest expense

Salaries and employee benefits 31,350 34,854 37,365 45,066 11,884
Stock benefit plan compensation expense 3,640 14,651 1,358 1,524 284
Occupancy and equipment 10,514 12,103 14,201 15,250 3,869
Data processing costs 4,017 5,194 8,280 7,009 2,066
Marketing 2,685 4,121 5,774 3,198 466
Federal deposit insurance premiums 2,304 2,515 2,966 1,969 454
Loss from extinguishment of debt 0 0 1,272 0 NA
Other 7,983 10,393 13,770 12,874 3,029
Total non-interest expense 62,493 83,831 84,986 86,890 22,052
Income before income taxes 76,017 133,471 88,738 66,715 15,311
Income tax expense 31,245 60,957 36,856 15,427 3,810
Net income 44,772 72,514 51,882 51,288 11,501

Earnings per Share

Basic 1.24 1.97 1.38 1.38 0.32
Diluted 1.23 1.97 1.38 1.38 0.32

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 44,772 72,514 51,882 51,288 11,501

Other comprehensive income (loss)

Change in unrealized holding loss on securities held-to-maturity and transferred securities 116 85 1,299 0 NA
Change in holding gain (loss) on securities available-for-sale (1,560) 56 587 (3,096) 4,687
Change in pension and other postretirement obligations 989 1,841 2,758 548 492
Change in gain (loss) on derivative assets 0 3,228 794 (1,450) (3,284)
Other comprehensive gain (loss) before income taxes (455) 5,210 5,438 (3,998) 1,895
Deferred tax expense (benefit) (201) 2,348 2,427 (1,260) 627
Other comprehensive income (loss), net of tax (254) 2,862 3,011 (2,738) 1,268
Total comprehensive income 44,518 75,376 54,893 48,550 12,769
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