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

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Interest income

Loans, including fees 36,629 35,853 38,537 43,537 36,205
AFS securities
Taxable 8,092 9,053 8,746 8,564 6,263
Nontaxable 5,911 5,996 5,715 5,570 4,014
Federal funds sold and other 516 600 668 742 771
Total interest income 51,148 51,502 53,666 58,413 47,253

Interest expense

Deposits 6,295 5,850 5,836 6,809 6,712
Borrowings 3,675 4,313 5,029 5,685 4,661
Total interest expense 9,970 10,163 10,865 12,494 11,373
Net interest income 41,178 41,339 42,801 45,919 35,880
Provision for loan losses (668) (2,771) (135) 253 636
Net interest income after provision for loan losses 41,846 44,110 42,936 45,666 35,244

Noninterest income

Service charges and fees 5,411 5,437 5,230 6,013 4,533
Net gain on sale of mortgage loans 514 573 651 647 339
Earnings on corporate owned life insurance policies 751 771 761 726 521
Net gains on sale of AFS securities 97 163 245 142 0
Other 2,552 3,415 4,221 3,284 2,693
Total noninterest income 9,325 10,359 11,108 10,812 8,086

Noninterest expenses

Compensation and benefits 18,502 18,431 19,170 21,525 17,018
Furniture and equipment 5,337 5,144 5,275 5,523 4,550
Occupancy 2,979 3,037 3,227 3,133 2,501
Other 8,285 9,439 10,225 10,044 7,883
Total noninterest expenses 35,103 36,051 37,897 40,225 31,952
Income before federal income tax expense 16,068 18,418 16,147 16,253 11,378
Federal income tax expense 2,344 3,288 2,348 3,016 887
NET INCOME 13,724 15,130 13,799 13,237 10,491

Earnings per common share

Basic 1.77 1.95 1.77 1.69 1.33
Diluted 1.74 1.90 1.73 1.65 1.30
Cash dividends per common share 0.89 0.94 0.98 1.02 0.78

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 13,724 15,130 13,799 13,237 10,491

Unrealized gains (losses) on AFS securities

Unrealized gains (losses) on AFS securities arising during the period 11,290 310 (5,865) 289 (12,548)
Reclassification adjustment for net (gains) losses included in net income (97) (163) (245) (142) 0
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 arising during the period Tax effect (3,684) 87 1,834 89 2,648
Unrealized gains (losses) on AFS securities, net of tax 7,509 234 (3,506) 236 (9,900)
Unrealized gains (losses) on derivative instruments arising during the period 0 0 248 43 160
Unrealized gains (losses) on derivative instruments arising during the period Tax effect 0 0 (84) (15) (34)
Unrealized gains (losses) on derivative instruments, net of tax NA 0 164 28 126
Other comprehensive income (loss), net of tax 5,835 727 (2,999) 543 (9,774)

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
Comprehensive income 19,559 15,857 10,800 13,780 717
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