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 Q1 YTD 3/31/2018 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 Q1 YTD 3/31/2018 USD

Interest income

Loans, including fees 36,629 35,853 38,537 43,537 11,296

AFS securities

Taxable 8,092 9,053 8,746 8,564 2,122
Nontaxable 5,911 5,996 5,715 5,570 1,382
Federal funds sold and other 516 600 668 742 321
Total interest income 51,148 51,502 53,666 58,413 15,121

Interest expense

Deposits 6,295 5,850 5,836 6,809 2,046
Borrowings 3,675 4,313 5,029 5,685 1,355
Total interest expense 9,970 10,163 10,865 12,494 3,401
Net interest income 41,178 41,339 42,801 45,919 11,720
Provision for loan losses (668) (2,771) (135) 253 384
Net interest income after provision for loan losses 41,846 44,110 42,936 45,666 11,336

Noninterest income

Service charges and fees 5,411 5,437 5,230 6,013 1,488
Net gain on sale of mortgage loans 514 573 651 647 81
Net gains on sale of AFS securities 97 163 245 142 NA
Earnings on corporate owned life insurance policies 751 771 761 726 170
Other 2,552 3,415 4,221 3,284 748
Total noninterest income 9,325 10,359 11,108 10,812 2,487

Noninterest expenses

Compensation and benefits 18,502 18,431 19,170 21,525 5,494
Furniture and equipment 5,337 5,144 5,275 5,523 1,479
Occupancy 2,979 3,037 3,227 3,133 824
Other 8,285 9,439 10,225 10,044 2,299
Total noninterest expenses 35,103 36,051 37,897 40,225 10,096
Income before federal income tax expense 16,068 18,418 16,147 16,253 3,727
Federal income tax expense 2,344 3,288 2,348 3,016 265
NET INCOME 13,724 15,130 13,799 13,237 3,462

Earnings per common share

Basic 1.77 1.95 1.77 1.69 0.44
Diluted 1.74 1.90 1.73 1.65 0.43
Cash dividends per common share 0.89 0.94 0.98 1.02 0.26

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 13,724 15,130 13,799 13,237 3,462
Unrealized gains (losses) on AFS securities arising during the period 11,290 310 (5,865) 289 (8,057)
Reclassification adjustment for net realized (gains) losses included in net income (97) (163) (245) (142) NA
Reclassification adjustment for impairment loss included in net income 0 0 770 0 NA
Comprehensive income (loss) before income tax (expense) benefit 11,193 147 (5,340) 147 NA
Unrealized gains (losses) on AFS securities Tax effect (3,684) 87 1,834 89 1,684
Unrealized gains (losses) on AFS securities, net of tax 7,509 234 (3,506) 236 (6,373)
Unrealized gains (losses) on derivative instruments arising during the period 0 0 248 43 122
Unrealized gains (losses) on derivative instruments Tax effect 0 0 (84) (15) (26)
Unrealized gains (losses) on derivative instruments, net of tax NA 0 164 28 96

Change in unrecognized pension cost on defined benefit pension plan

Change in unrecognized pension cost arising during the period (2,836) 255 282 11 NA
Reclassification adjustment for net periodic benefit cost included in net income 300 492 238 412 NA
Net change in unrecognized pension cost (2,536) 747 520 423 NA
Tax effect 862 (254) (177) (144) NA
Change in unrealized pension cost, net of tax (1,674) 493 343 279 NA
Other comprehensive income (loss), net of tax 5,835 727 (2,999) 543 (6,277)
Comprehensive income 19,559 15,857 10,800 13,780 (2,815)
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