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 Q3 YTD 9/30/2017 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 Q3 YTD 9/30/2017 USD

Interest income

Loans 158,947 199,844 236,262 302,314 247,076

Securities

Taxable 13,397 17,096 17,026 16,551 14,040
Tax-exempt 8,012 9,073 9,520 9,814 7,284
Other 248 396 215 459 1,763
Total interest income 180,604 226,409 263,023 329,138 270,163

Interest expense

Deposits 17,118 16,216 13,715 17,856 17,297
Borrowings 6,353 7,711 7,950 10,291 9,231
Total interest expense 23,471 23,927 21,665 28,147 26,528
Net interest income 157,133 202,482 241,358 300,991 243,635
Provision for loan losses 10,350 6,167 4,750 7,530 5,400
Net interest income after provision for loan losses 146,783 196,315 236,608 293,461 238,235

Noninterest income

Service charges on deposit accounts 21,559 26,756 29,269 31,875 24,565
Fees and commissions 11,675 14,012 15,761 18,814 16,287
Insurance commissions 4,976 8,194 8,423 8,508 6,406
Wealth management revenue 7,574 8,545 9,808 11,652 8,884
Mortgage banking income 18,835 14,862 35,815 49,443 33,544
Net gain on sales of securities 54 375 96 1,186 57
BOLI income 4,085 2,985 3,612 4,635 3,234
Other 3,133 4,780 5,486 11,302 6,722
Total noninterest income 71,891 80,509 108,270 137,415 99,699

Noninterest expense

Salaries and employee benefits 98,780 115,108 145,111 172,448 135,753
Data processing 8,870 11,570 14,251 17,723 12,248
Net occupancy and equipment 16,957 20,252 26,987 34,394 27,603
Other real estate owned 6,966 4,593 3,045 5,696 1,916
Professional fees 5,540 4,485 4,384 5,358 5,501
Advertising and public relations 5,630 5,923 6,112 7,080 5,824
Intangible amortization 2,869 5,606 6,069 6,747 4,822
Communications 4,777 5,949 7,278 8,329 5,698
Extinguishment of debt NA 0 0 2,539 205
Loss share termination NA 0 0 2,053 NA
Merger and conversion related expenses 6,027 694 11,614 4,023 9,655
Other 16,512 16,757 20,263 28,709 15,585
Total noninterest expense 172,928 190,937 245,114 295,099 224,810
Income before income taxes 45,746 85,887 99,764 135,777 113,124
Income taxes 12,259 26,305 31,750 44,847 37,447
Net income 33,487 59,582 68,014 90,930 75,677
Basic earnings per share 1.23 1.89 1.89 2.18 1.64
Diluted earnings per share 1.22 1.88 1.88 2.17 1.64
Cash dividends per common share 0.68 0.68 0.68 0.71 0.54

Consolidated Statements of Comprehensive Income

Net income 33,487 59,582 68,014 90,930 75,677

Other comprehensive income, net of tax

Securities available for sale
Unrealized holding gains on securities (6,869) 7,731 (351) (6,206) 4,712
Reclassification adjustment for gains realized in net income (125) (232) (59) (727) 0
Unrealized holding gains on securities transfered from held to maturity to available for sale NA NA NA NA 8,108
Amortization of unrealized holding gains on securities transferred to the held to maturity category (215) (156) (110) (61) (173)
Total securities (7,013) 7,343 (520) (6,994) 12,647
Derivative instruments
Unrealized holding gains (losses) on derivative instruments 1,325 (1,622) (249) 527 104
Total derivative instruments 1,200 (1,622) (249) 527 104
Defined benefit pension and post-retirement benefit plans
Reclassification adjustment for net settlement gain realized in net income 71 0 0 (235) 0
Net gain (loss) arising during the period 1,957 (1,529) (1,435) 31 NA
Amortization of net actuarial loss recognized in net periodic pension cost 384 183 267 302 187
Total defined benefit pension and post-retirement benefit plans 2,341 (1,346) (1,168) 98 187
Other comprehensive income, net of tax (3,472) 4,375 (1,937) (6,369) 12,938
Comprehensive income 30,015 63,957 66,077 84,561 88,615
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.