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 Q1 YTD 3/31/2018 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 Q1 YTD 3/31/2018 USD

Interest income

Loans 199,844 236,262 302,314 344,472 94,118

Securities

Taxable 17,096 17,026 16,551 18,531 3,994
Tax-exempt 9,073 9,520 9,814 9,433 1,685
Other 396 215 459 2,314 583
Total interest income 226,409 263,023 329,138 374,750 100,380

Interest expense

Deposits 16,216 13,715 17,856 24,620 8,059
Borrowings 7,711 7,950 10,291 13,233 3,081
Total interest expense 23,927 21,665 28,147 37,853 11,140
Net interest income 202,482 241,358 300,991 336,897 89,240
Provision for loan losses 6,167 4,750 7,530 7,550 1,750
Net interest income after provision for loan losses 196,315 236,608 293,461 329,347 87,490

Noninterest income

Service charges on deposit accounts 26,756 29,269 31,875 33,224 8,473
Fees and commissions 14,012 15,761 18,814 21,934 5,685
Insurance commissions 8,194 8,423 8,508 8,361 2,005
Wealth management revenue 8,545 9,808 11,652 11,884 3,262
Mortgage banking income 14,862 35,815 49,443 43,415 10,960
Net gains on sales of securities 375 96 1,186 148 NA
BOLI income 2,985 3,612 4,635 4,353 945
Other 4,780 5,486 11,302 8,821 2,623
Total noninterest income 80,509 108,270 137,415 132,140 33,953

Noninterest expense

Salaries and employee benefits 115,108 145,111 172,448 184,540 48,784
Data processing 11,570 14,251 17,723 16,474 4,244
Net occupancy and equipment 20,252 26,987 34,394 37,756 9,822
Other real estate owned 4,593 3,045 5,696 2,470 657
Professional fees 4,485 4,422 7,970 7,150 2,138
Advertising and public relations 5,923 6,112 7,080 8,248 2,203
Intangible amortization 5,606 6,069 6,747 6,530 1,651
Communications 5,949 7,278 8,329 7,578 1,969
Extinguishment of debt 0 0 2,539 205 0
Loss share termination 0 0 2,053 0 NA
Merger and conversion related expenses 694 11,614 4,023 10,378 900
Other 16,757 20,225 26,097 20,289 5,576
Total noninterest expense 190,937 245,114 295,099 301,618 77,944
Income before income taxes 85,887 99,764 135,777 159,869 43,499
Income taxes 26,305 31,750 44,847 67,681 9,673
Net income 59,582 68,014 90,930 92,188 33,826
Basic earnings per share 1.89 1.89 2.18 1.97 0.69
Diluted earnings per share 1.88 1.88 2.17 1.96 0.68
Cash dividends per common share 0.68 0.68 0.71 0.73 0.19

Consolidated Statements of Comprehensive Income

Net income 59,582 68,014 90,930 92,188 33,826

Other comprehensive (loss) income, net of tax

Securities available for sale
Unrealized holding (losses) gains on securities 7,731 (351) (6,206) (2,218) (7,909)
Reclassification adjustment for gains realized in net income (232) (59) (727) (91) NA
Unrealized holding gains on securities transferred from held to maturity to available for sale NA 0 0 8,108 NA
Amortization of unrealized holding gains on securities transferred to the held to maturity category (156) (110) (61) (173) 0
Total securities 7,343 (520) (6,994) 5,626 (7,909)
Derivative instruments
Unrealized holding gains on derivative instruments (1,622) (249) 527 536 858
Total derivative instruments (1,622) (249) 527 536 858
Defined benefit pension and post-retirement benefit plans
Net gain (loss) arising during the period (1,529) (1,435) 31 1,028 NA
Amortization of net actuarial loss recognized in net periodic pension cost 183 267 302 249 66
Reclassification adjustment for net settlement gain realized in net income 0 0 (235) 0 NA
Total defined benefit pension and post-retirement benefit plans (1,346) (1,168) 98 1,277 66
Other comprehensive (loss) income, net of tax 4,375 (1,937) (6,369) 7,439 (6,985)
Comprehensive income 63,957 66,077 84,561 99,627 26,841
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.