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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 Q3 YTD 9/30/2018 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 Q3 YTD 9/30/2018 USD

Interest Income

Loans 68,682 73,346 80,217 99,540 83,557

Investment securities

Taxable 3,507 3,598 3,231 3,762 3,445
Non-taxable 3,068 3,171 3,016 3,180 2,522
Interest-bearing deposits 349 169 367 836 945
FHLB stock dividends 642 552 552 784 698
Total interest income 76,248 80,836 87,383 108,102 91,167

Interest Expense

Deposits 5,283 5,341 6,261 8,818 9,508
FHLB advances and other 528 675 1,288 1,470 943
Subordinated debentures 587 613 753 935 934
Notes payable 161 152 138 208 19
Total interest expense 6,559 6,781 8,440 11,431 11,404
Net interest income 69,689 74,055 78,943 96,671 79,763
Provision for loan losses 1,117 136 283 2,949 704
Net interest income after provision for loan losses 68,572 73,919 78,660 93,722 79,059

Non-interest Income

Service fees and other charges 10,258 10,752 10,909 12,139 9,762
Insurance commissions 9,859 10,076 10,441 12,866 11,024
Mortgage banking income 5,602 6,713 7,270 7,004 5,632
Gain on sale of non-mortgage loans 181 824 753 217 300
Gain on sale or call of securities 932 22 509 584 76
Trust income 1,240 1,462 1,701 2,332 1,588
Income from Bank Owned Life Insurance 1,802 895 909 3,085 1,365
Other non-interest income 1,767 1,059 1,538 1,854 1,092
Total non-interest income 31,641 31,803 34,030 40,081 30,839

Non-interest Expense

Compensation and benefits 35,543 37,769 40,187 49,847 39,016
Occupancy 6,683 7,197 7,418 7,707 6,251
FDIC insurance premium 1,419 1,324 1,169 1,250 817
Financial institutions tax NA NA NA NA 1,593
Data processing 5,856 6,083 6,367 7,737 6,349
Amortization of intangibles NA NA NA NA 998
Other non-interest expense 17,257 15,516 15,952 18,810 13,178
Total non-interest expense 66,758 67,889 71,093 85,351 68,202
Income before income taxes 33,455 37,833 41,597 48,452 41,696
Federal income taxes 9,163 11,410 12,754 16,184 7,544
Net Income 24,292 26,423 28,843 32,268 34,152

Earnings per common share

Basic 2.55 2.87 3.21 3.23 1.68
Diluted 2.44 2.82 3.19 3.22 1.67
Dividends declared per share 0.63 0.78 0.88 1.00 0.47

Average common shares outstanding

Basic NA NA NA NA 20,373
Diluted NA NA NA NA 20,465

Consolidated Condensed Statements of Comprehensive Income

Net income 24,292 26,423 28,843 32,268 34,152

Other comprehensive income

Unrealized gains (losses) on securities available for sale 6,763 (985) (4,933) 732 (6,487)
Reclassification adjustment for security gains included in net income (932) (22) (509) (584) (76)
Net unrealized gains (losses) 5,831 (1,007) (5,442) 148 NA
Income tax benefit (expense) (2,040) 352 1,904 (51) 1,378
Net of tax amount 3,791 (655) (3,538) 97 NA
Other comprehensive income (loss) 3,569 (492) (3,407) 2 (5,185)

Change in unrealized gain/(loss) on postretirement benefit

Net gain (loss) on defined benefit postretirement medical plan realized during the period (377) 204 172 (166) NA
Net amortization and deferral 35 47 30 20 NA
Net gain (loss) activity during the period (342) 251 202 (146) NA
Income tax effect 120 (88) (71) 51 NA
Net of tax amount (222) 163 131 (95) NA
Comprehensive income 27,861 25,931 25,436 32,270 28,967
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.