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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 2019 Q1 YTD 3/31/2019 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 2019 Q1 YTD 3/31/2019 USD

Interest Income

Loans 73,346 80,217 99,540 114,398 31,214

Investment securities

Taxable 3,598 3,231 3,762 4,738 1,365
Non-taxable 3,171 3,016 3,180 3,396 840
Interest-bearing deposits 169 367 836 1,270 285
FHLB stock dividends 552 552 784 915 215
Total interest income 80,836 87,383 108,102 124,717 33,919

Interest Expense

Deposits 5,341 6,261 8,818 13,897 5,005
FHLB advances and other 675 1,288 1,470 1,261 276
Subordinated debentures 613 753 935 1,281 364
Notes payable 152 138 208 23 4
Total interest expense 6,781 8,440 11,431 16,462 5,649
Net interest income 74,055 78,943 96,671 108,255 28,270
Provision for loan losses 136 283 2,949 1,176 212
Net interest income after provision for loan losses 73,919 78,660 93,722 107,079 28,058

Non-interest Income

Service fees and other charges 10,752 10,909 12,139 13,100 3,007
Insurance commissions 10,076 10,441 12,866 14,085 4,115
Mortgage banking income 6,713 7,270 7,004 7,077 1,841
Gain on sale of non-mortgage loans 824 753 217 317 89
Gain on sale or call of securities 22 509 584 173 NA
Trust income 1,462 1,701 2,332 2,091 523
Income from Bank Owned Life Insurance 895 909 3,085 1,767 392
Other non-interest income 1,059 1,538 1,854 598 846
Total non-interest income 31,803 34,030 40,081 39,208 10,813

Non-interest Expense

Compensation and benefits 37,769 40,187 49,847 52,566 14,085
Occupancy 7,197 7,418 7,707 8,641 2,241
FDIC insurance premium 1,324 1,169 1,250 1,021 273
Financial institutions tax NA NA NA NA 556
Data processing 6,083 6,367 7,737 8,555 2,297
Amortization of intangibles NA NA NA NA 299
Other non-interest expense 15,516 15,952 18,810 18,629 5,115
Total non-interest expense 67,889 71,093 85,351 89,412 24,866
Income before income taxes 37,833 41,597 48,452 56,875 14,005
Federal income taxes 11,410 12,754 16,184 10,626 2,523
Net Income 26,423 28,843 32,268 46,249 11,482

Earnings per common share

Basic 2.87 1.61 1.62 2.27 0.57
Diluted 2.82 1.60 1.61 2.26 0.57
Dividends declared per share 0.78 0.44 0.50 0.64 0.19

Average common shares outstanding

Basic NA NA NA NA 20,014
Diluted NA NA NA NA 20,095

Consolidated Condensed Statements of Comprehensive Income

Net income 26,423 28,843 32,268 46,249 11,482

Other comprehensive income (loss)

Unrealized gains (losses) on securities available for sale (985) (4,933) 732 (3,356) 4,603
Reclassification adjustment for security gains included in net income (22) (509) (584) (173) 0
Net unrealized gains (losses) (1,007) (5,442) 148 (3,529) NA
Income tax expense (benefit) 352 1,904 (51) 742 (968)
Net of tax amount (655) (3,538) 97 (2,787) 3,635
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) 3,717
Comprehensive income 25,931 25,436 32,270 43,837 15,199
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.