|
Noninterest income
|
|
|
|
|
|
|
|
|
|
|
Loans, including fees
|
|
$67.2m
|
$81.3m
|
$95.4m
|
$120.8m
|
$144.4m
|
$174.8m
|
$202.9m
|
$245.3m
|
|
Investment securities available-for-sale
|
|
$1.0m
|
$924k
|
$1.3m
|
$2.0m
|
$3.9m
|
$4.8m
|
$5.4m
|
$7.0m
|
|
Federal funds sold and other
|
|
$857k
|
$1.1m
|
$592k
|
$449k
|
$2.3m
|
$3.6m
|
$4.9m
|
$8.6m
|
|
Deposits
|
|
$9.8m
|
$13.7m
|
$11.5m
|
$5.8m
|
$7.6m
|
$39.6m
|
$56.2m
|
$63.8m
|
|
Borrowed funds
|
|
$1.4m
|
$2.2m
|
$1.7m
|
$742k
|
$2.4m
|
$2.1m
|
$2.4m
|
$1.1m
|
|
Net interest income
|
|
$57.9m
|
$67.5m
|
$84.1m
|
$116.7m
|
$140.6m
|
$141.5m
|
$154.7m
|
$196.0m
|
|
Provision for credit losses
|
|
—
|
—
|
—
|
—
|
$6.6m
|
$9.6m
|
$17.7m
|
$15.0m
|
|
Provision for credit losses on unfunded commitments
|
|
—
|
—
|
—
|
—
|
$0
|
($101k)
|
$385k
|
$188k
|
|
Net interest income after provision for credit losses
|
|
$55.7m
|
$64.7m
|
$72.8m
|
$113.3m
|
$134.0m
|
$132.0m
|
$136.6m
|
$180.8m
|
|
Loan servicing rights
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$1.0m
|
$545k
|
|
Non-recurring equity and debt investment write-down
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
($2.6m)
|
$0
|
|
Other income
|
|
$414k
|
$393k
|
$2.9m
|
$1.1m
|
$1.8m
|
$1.8m
|
$2.7m
|
$2.8m
|
|
Noninterest loss
|
|
$16.1m
|
$24.5m
|
$61.1m
|
$50.6m
|
$29.4m
|
$25.0m
|
$31.4m
|
$49.2m
|
|
Salaries and employee benefits
|
|
$25.2m
|
$32.6m
|
$44.4m
|
$37.8m
|
$42.9m
|
$48.8m
|
$56.0m
|
$72.2m
|
|
Occupancy and equipment
|
|
$4.3m
|
$4.4m
|
$5.2m
|
$4.3m
|
$4.9m
|
$5.7m
|
$8.2m
|
$11.4m
|
|
Professional fees
|
|
$2.1m
|
$2.9m
|
$4.9m
|
$7.0m
|
$11.0m
|
$9.3m
|
$7.8m
|
$11.0m
|
|
Data processing
|
|
$14.2m
|
$15.5m
|
$26.9m
|
$39.2m
|
$29.4m
|
$25.7m
|
$27.7m
|
$29.8m
|
|
Advertising
|
|
$1.5m
|
$2.1m
|
$2.5m
|
$4.8m
|
$6.2m
|
$6.2m
|
$6.4m
|
$6.3m
|
|
Loan processing
|
|
$1.1m
|
$1.9m
|
$3.8m
|
$3.5m
|
$1.7m
|
$1.6m
|
$2.4m
|
$4.0m
|
|
Operational and other card fraud related losses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.7m
|
$3.5m
|
|
Other operating
|
|
$5.8m
|
$7.1m
|
$11.0m
|
$13.0m
|
$13.2m
|
$7.0m
|
$6.2m
|
$10.3m
|
|
Basic (in shares)
|
|
$12.1m
|
$13.7m
|
$13.8m
|
$13.8m
|
$14.0m
|
$14.0m
|
$14.6m
|
$16.6m
|
|
Diluted (in shares)
|
|
$12.5m
|
$14.0m
|
$13.8m
|
$14.1m
|
$14.4m
|
$14.1m
|
$14.6m
|
$16.8m
|
|
Total interest income
|
|
$69.1m
|
$83.4m
|
$97.3m
|
$123.2m
|
$150.6m
|
$183.2m
|
$213.3m
|
$260.9m
|
|
Income before income taxes
|
|
$17.7m
|
$22.7m
|
$35.1m
|
$53.9m
|
$54.2m
|
$46.2m
|
$41.8m
|
$74.9m
|
|
Net income
|
|
$12.8m
|
$16.9m
|
$25.8m
|
$40.0m
|
$41.8m
|
$35.9m
|
$31.0m
|
$57.2m
|
|
Basic earnings per share (in dollars per share)
|
|
$1.05
|
$1.23
|
$1.87
|
$2.90
|
$2.98
|
$2.56
|
$2.12
|
$3.45
|
|
Diluted earnings per share (in dollars per share)
|
|
$1.02
|
$1.21
|
$1.87
|
$2.84
|
$2.91
|
$2.55
|
$2.12
|
$3.41
|
|
Merger-related expenses
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$3.9m
|
$3.4m
|
|
Regulatory assessment expenses
|
|
—
|
—
|
—
|
—
|
—
|
$1.6m
|
$1.9m
|
$3.4m
|
|
Income tax expense
|
|
$5.0m
|
$5.8m
|
$9.3m
|
$13.9m
|
$12.4m
|
$10.4m
|
$10.9m
|
$17.8m
|
|
Total interest expense
|
|
$11.2m
|
$15.8m
|
$13.2m
|
$6.5m
|
$10.0m
|
$41.7m
|
$58.6m
|
$64.9m
|
|
Total noninterest expenses
|
|
$54.1m
|
$66.5m
|
$98.8m
|
$110.1m
|
$109.1m
|
$110.8m
|
$126.2m
|
$155.1m
|