As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q2 YTD 6/30/2017 USD

Interest income

Loans, including fees 37,575 36,629 35,853 38,537 20,805

AFS securities

Taxable 7,228 8,092 9,053 8,746 4,377
Nontaxable 5,132 5,911 5,996 5,715 2,828
Federal funds sold and other 483 516 600 668 349
Total interest income 50,418 51,148 51,502 53,666 28,359

Interest expense

Deposits 7,140 6,295 5,850 5,836 3,155
Borrowings 3,881 3,675 4,313 5,029 2,704
Total interest expense 11,021 9,970 10,163 10,865 5,859
Net interest income 39,397 41,178 41,339 42,801 22,500
Provision for loan losses 1,111 (668) (2,771) (135) 36
Net interest income after provision for loan losses 38,286 41,846 44,110 42,936 22,464

Noninterest income

Service charges and fees 5,682 5,411 5,437 5,230 2,935
Net gain on sale of mortgage loans 962 514 573 651 354
Earnings on corporate owned life insurance policies 732 751 771 761 363
Net gains on sale of AFS securities 171 97 163 245 142
Other 2,628 2,552 3,415 4,221 1,610
Total noninterest income 10,175 9,325 10,359 11,108 5,404

Noninterest expenses

Compensation and benefits 17,807 18,502 19,069 19,482 10,509
Furniture and equipment 4,945 5,337 5,886 6,162 2,696
Occupancy 2,653 2,979 3,037 3,227 1,652
Other 8,350 8,285 8,059 9,026 4,601
Total noninterest expenses 33,755 35,103 36,051 37,897 19,458
Income before federal income tax expense 14,706 16,068 18,418 16,147 8,410
Federal income tax expense 2,196 2,344 3,288 2,348 1,430
NET INCOME 12,510 13,724 15,130 13,799 6,980

Earnings per common share

Basic 1.63 1.77 1.95 1.77 0.89
Diluted 1.59 1.74 1.90 1.73 0.87
Cash dividends per common share 0.84 0.89 0.94 0.98 0.50

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 12,510 13,724 15,130 13,799 6,980

Unrealized gains (losses) on AFS securities

Unrealized gains (losses) on AFS securities arising during the period (18,971) 11,290 310 (5,865) 4,247
Reclassification adjustment for net realized (gains) losses included in net income (171) (97) (163) (245) (142)
Reclassification adjustment for impairment loss included in net income NA 0 0 770 NA
Comprehensive income (loss) before income tax (expense) benefit (19,142) 11,193 147 (5,340) NA
Tax effect - Unrealized gains (losses) on AFS securities 6,257 (3,684) 87 1,834 (1,212)
Unrealized gains (losses) on AFS securities, net of tax (12,885) 7,509 234 (3,506) 2,893
Unrealized gains (losses) on derivative instruments arising during the period NA 0 0 248 (44)
Tax effect - Unrealized gains (losses) on derivative instruments arising during the period NA 0 0 (84) 15
Unrealized gains (losses) on AFS securities, net of tax NA 0 0 164 NA

Change in unrecognized pension cost on defined benefit pension plan

Change in unrecognized pension cost arising during the period 2,120 (2,836) 255 282 NA
Reclassification adjustment for net periodic benefit cost included in net income 208 300 492 238 NA
Net change in unrecognized pension cost 2,328 (2,536) 747 520 NA
Tax effect (791) 862 (254) (177) NA
Change in unrealized pension cost, net of tax 1,537 (1,674) 493 343 NA
Unrealized gains (losses) on derivative instruments, net of tax NA NA NA NA (29)
Other comprehensive income, net of tax (11,348) 5,835 727 (2,999) 2,864
Comprehensive income 1,162 19,559 15,857 10,800 9,844
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