Skip to Main Content Skip to Sitemap

As Reported Financials

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
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

Interest Income

Loans 73,346 80,217 99,540 114,398

Investment securities

Taxable 3,598 3,231 3,762 4,738
Tax-exempt 3,171 3,016 3,180 3,396
Interest-bearing deposits 169 367 836 1,270
FHLB stock dividends 552 552 784 915
Total interest income 80,836 87,383 108,102 124,717

Interest Expense

Deposits 5,341 6,261 8,818 13,897
Federal Home Loan Bank advances and other 675 1,288 1,470 1,261
Subordinated debentures 613 753 935 1,281
Securities sold under agreement to repurchase 152 138 208 23
Total interest expense 6,781 8,440 11,431 16,462
Net interest income 74,055 78,943 96,671 108,255
Provision for loan losses 136 283 2,949 1,176
Net interest income after provision for loan losses 73,919 78,660 93,722 107,079

Noninterest Income

Service fees and other charges 10,752 10,909 12,139 13,100
Mortgage banking income 6,713 7,270 7,004 7,077
Insurance commissions 10,076 10,441 12,866 14,085
Gain on sale of non-mortgage loans 824 753 217 317
Gain on sale or call of securities 22 509 584 173
Trust income 1,462 1,701 2,332 2,091
Income from bank owned life insurance 895 909 3,085 1,767
Other noninterest income 1,059 1,538 1,854 598
Total noninterest income 31,803 34,030 40,081 39,208

Noninterest Expense

Compensation and benefits 37,769 40,187 49,847 52,566
Occupancy 7,197 7,418 7,707 8,641
FDIC insurance 1,324 1,169 1,250 1,021
Data processing 6,083 6,367 7,737 8,555
Other noninterest expense 15,516 15,952 18,810 18,629
Total noninterest expense 67,889 71,093 85,351 89,412
Income before income taxes 37,833 41,597 48,452 56,875
Federal income taxes 11,410 12,754 16,184 10,626
Net Income 26,423 28,843 32,268 46,249

Earnings per common share

Basic 2.87 1.61 1.62 2.27
Diluted 2.82 1.60 1.61 2.26
Dividends declared per common share 0.78 0.44 0.50 0.64

Consolidated Statements of Comprehensive Income

Net income 26,423 28,843 32,268 46,249

Change in securities available-for-sale (AFS)

Unrealized holding gains (losses) on available-for-sale securities arising during the period (985) (4,933) 732 (3,356)
Reclassification adjustment for (gains) losses realized in income (22) (509) (584) (173)
Net unrealized gains (losses) (1,007) (5,442) 148 (3,529)
Income tax effect 352 1,904 (51) 742
Net of tax amount (655) (3,538) 97 (2,787)

Change in unrealized gain/(loss) on postretirement benefit

Net gain (loss) on defined benefit postretirement medical plan realized during the period 204 172 (166) 560
Net amortization and deferral 47 30 20 18
Net gain (loss) activity during the period 251 202 (146) 578
Income tax effect (88) (71) 51 (203)
Net of tax amount 163 131 (95) 375
Total other comprehensive income (loss) (492) (3,407) 2 (2,412)
Comprehensive income 25,931 25,436 32,270 43,837
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.