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As Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Interest Income

Loans 73,346 80,217 99,540 114,398 97,158

Investment securities

Taxable 3,598 3,231 3,762 4,738 3,788
Non-taxable 3,171 3,016 3,180 3,396 2,507
Interest-bearing deposits 169 367 836 1,270 857
FHLB stock dividends 552 552 784 915 533
Total interest income 80,836 87,383 108,102 124,717 104,843

Interest Expense

Deposits 5,341 6,261 8,818 13,897 16,615
FHLB advances and other 675 1,288 1,470 1,261 1,011
Subordinated debentures 613 753 935 1,281 1,043
Notes payable 152 138 208 23 23
Total interest expense 6,781 8,440 11,431 16,462 18,692
Net interest income 74,055 78,943 96,671 108,255 86,151
Provision for loan losses 136 283 2,949 1,176 1,821
Net interest income after provision for loan losses 73,919 78,660 93,722 107,079 84,330

Non-interest Income

Service fees and other charges 10,752 10,909 12,139 13,100 10,335
Insurance commissions 10,076 10,441 12,866 14,085 10,994
Mortgage banking income 6,713 7,270 7,004 7,077 6,800
Gain on sale of non-mortgage loans 824 753 217 317 215
Gain on sale or call of securities 22 509 584 173 11
Trust income 1,462 1,701 2,332 2,091 1,510
Income from Bank Owned Life Insurance 895 909 3,085 1,767 1,702
Other non-interest income 1,059 1,538 1,854 598 1,574
Total non-interest income 31,803 34,030 40,081 39,208 33,141

Non-interest Expense

Compensation and benefits 37,769 40,187 49,847 52,566 42,544
Occupancy 7,197 7,418 7,707 8,641 6,751
FDIC insurance premium 1,324 1,169 1,250 1,021 276
Financial institutions tax NA NA NA NA 1,667
Data processing 6,083 6,367 7,737 8,555 6,292
Acquisition related charges NA NA NA NA 540
Amortization of intangibles NA NA NA NA 839
Other non-interest expense 15,516 15,952 18,810 18,629 13,395
Total non-interest expense 67,889 71,093 85,351 89,412 72,304
Income before income taxes 37,833 41,597 48,452 56,875 45,167
Federal income taxes 11,410 12,754 16,184 10,626 8,315
Net Income 26,423 28,843 32,268 46,249 36,852

Earnings per common share

Basic 2.87 1.61 1.62 2.27 1.86
Diluted 2.82 1.60 1.61 2.26 1.85
Dividends declared per share 0.78 0.44 0.50 0.64 0.57

Average common shares outstanding

Basic NA NA NA NA 19,862
Diluted NA NA NA NA 19,943

Consolidated Condensed Statements of Comprehensive Income

Net income 26,423 28,843 32,268 46,249 36,852

Other comprehensive income (loss)

Unrealized gains (losses) on securities available for sale (985) (4,933) 732 (3,356) 9,084
Reclassification adjustment for securities gains Included in net income (22) (509) (584) (173) (11)
Net unrealized gains (losses) (1,007) (5,442) 148 (3,529) NA
Income tax expense (benefit) 352 1,904 (51) 742 (1,906)
Net of tax amount (655) (3,538) 97 (2,787) 7,167
Change in unrealized gain/(loss) on postretirement benefit
Reclassification adjustment for deferred tax on defined benefit postretirement medical plan NA NA NA NA 82
Net gain (loss) on defined benefit postretirement medical plan realized during the period 204 172 (166) 560 NA
Net amortization and deferral 47 30 20 18 NA
Net gain (loss) activity during the period 251 202 (146) 578 NA
Income tax effect (88) (71) 51 (203) NA
Net of tax amount 163 131 (95) 375 82
Total other comprehensive income (loss) (492) (3,407) 2 (2,412) 7,249
Comprehensive income 25,931 25,436 32,270 43,837 44,101
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.