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As Reported Financials | Income Statement

As Reported Financials 
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Income Statement
 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document12/31/201612/31/201712/31/201712/31/20179/30/2018
(in thousands)     
Interest and dividend income 
Interest and fees on loans 29,63531,99035,99840,30134,122
Interest and fees on PCI loans 11,2287,8756,2305,7333,937
Interest on federal funds sold 02011
Interest on deposits in other banks 6159122196203
Interest and dividends on securities 
Taxable 6,8355,4694,6964,6823,816
Nontaxable 9662,1572,2492,4021,654
Total interest and dividend income 48,72547,55249,29553,31543,733
Interest expense 
Interest on deposits 5,8585,9836,3827,8977,197
Interest on borrowed funds 1,0751,5141,4381,3021,442
Total interest expense 6,9337,4977,8209,1998,639
Net interest income 41,79240,05541,47544,11635,094
Provision for loan losses 001665500
Net interest income after provision for loan losses 41,79240,05541,30943,56635,094
Noninterest income 
Service charges and fees 2,2002,2692,4202,6811,818
Gain on securities transactions, net 1,08947263421082
Gain on sale of other loans 2016900118
Income on bank owned life insurance 769751870939551
Mortgage loan income 211784606242288
Other 799736649625522
Total noninterest income 5,2695,0815,1794,6973,379
Noninterest expense 
Salaries and employee benefits 16,13618,14118,41219,60415,897
Occupancy expenses 2,5972,5922,7373,1302,361
Equipment expenses 9571,0359991,1441,024
FDIC assessment 805938823726599
Data processing fees 1,7321,7091,6741,9231,467
FDIC indemnification asset amortization 5,79516,19500NA
Amortization of intangibles 1,9081,9081,9078980
Other real estate expense, net 5401,275175162158
Other operating expenses 6,3476,4676,0236,5704,338
Total noninterest expense 36,81750,26032,75034,15725,844
Income before income taxes 10,244(5,124)13,73814,10612,629
Income tax expense 2,728(2,627)3,8166,9032,298
Net income 7,516(2,497)9,9227,20310,331
Dividends paid on preferred stock 247NANANANA
Net income (loss) available to common shareholders 7,269NANANANA
Net income per share - basic 0.33(0.11)0.450.330.47
Net income per share - diluted 0.33(0.11)0.450.320.46
Weighted average number of shares outstanding 
Basic 21,75521,82721,91422,01422,095
Diluted 21,98121,82722,16122,51222,576
Net income 7,516(2,497)9,9227,20310,331
Other comprehensive (loss) income 
Unrealized gain (loss) on investment securities 
Change in unrealized (loss) gain in investment securities 9,280(1,056)(658)2,054(4,393)
Tax related to unrealized loss (gain) in investment securities (3,155)359224(712)965
Reclassification adjustment for gain in securities sold (1,089)(472)(634)(210)(82)
Tax related to realized gain in securities sold 3701602157318
Defined benefit pension plan 
Change in prior service cost 4545NA
Change in unrealized gain (loss) in plan assets (997)(142)199(185)NA
Tax related to defined benefit pension plan 33747(69)740
Cash flow hedge 
Change in unrealized (loss) gain in cash flow hedge 35(234)129246177
Tax related to cash flow hedge (12)80(44)(86)(39)
Total other comprehensive (loss) income 4,773(1,253)(634)1,259(3,354)
Total comprehensive income 12,289(3,750)9,2888,4626,977

Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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