|
Loans and other finance receivables, including fees
|
|
$42.7m
|
$51.1m
|
$60.4m
|
$68.8m
|
$84.6m
|
$130.1m
|
$147.2m
|
$156.0m
|
|
Securities - taxable
|
|
$797k
|
$1.2m
|
$1.2m
|
$1.5m
|
$2.4m
|
$3.9m
|
$5.7m
|
$7.3m
|
|
Securities - tax-exempt
|
|
$451k
|
$324k
|
$1.0m
|
$1.2m
|
$1.4m
|
$1.4m
|
$1.3m
|
$1.3m
|
|
Cash and cash equivalents
|
|
$122k
|
$164k
|
$69k
|
$48k
|
$286k
|
$1.3m
|
$1.8m
|
$1.8m
|
|
Deposits
|
|
$9.2m
|
$13.9m
|
$10.0m
|
$5.5m
|
$15.4m
|
$57.8m
|
$74.0m
|
$68.2m
|
|
Borrowings and subordinated debentures
|
|
$2.2m
|
$2.6m
|
$3.7m
|
$2.9m
|
$3.2m
|
$9.8m
|
$11.0m
|
$10.5m
|
|
Net interest income
|
|
$32.7m
|
$36.3m
|
$49.0m
|
$63.1m
|
$70.1m
|
$68.9m
|
$71.0m
|
$87.7m
|
|
Provision for credit losses
|
|
—
|
—
|
—
|
—
|
$2.5m
|
$6.8m
|
$11.4m
|
$15.2m
|
|
Net interest income after provision for credit losses
|
|
$31.1m
|
$35.4m
|
$40.7m
|
$62.0m
|
$67.6m
|
$62.1m
|
$59.6m
|
$72.5m
|
|
Mortgage banking income
|
|
$26.2m
|
$26.2m
|
$76.5m
|
$75.9m
|
$25.3m
|
$16.5m
|
$21.0m
|
$20.8m
|
|
Wealth management income
|
|
$3.9m
|
$3.6m
|
$4.9m
|
$6.1m
|
$6.0m
|
$4.9m
|
$5.7m
|
$6.3m
|
|
SBA loan income
|
|
—
|
$1.4m
|
$2.6m
|
$6.9m
|
$4.5m
|
$4.5m
|
$3.5m
|
$5.5m
|
|
Earnings on investment in life insurance
|
|
$300k
|
$290k
|
$279k
|
$365k
|
$553k
|
$789k
|
$868k
|
$956k
|
|
Net gain on sale of MSRs
|
|
—
|
—
|
—
|
—
|
—
|
$0
|
$4.0m
|
$403k
|
|
Net (loss) gain on sale of loans
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$15k
|
($434k)
|
|
Net change in the fair value of derivative instruments
|
|
($161k)
|
$111k
|
$5.0m
|
($4.3m)
|
($703k)
|
$91k
|
$30k
|
$373k
|
|
Net change in the fair value of loans held-for-sale
|
|
$7k
|
($13k)
|
$3.8m
|
($3.3m)
|
($844k)
|
$32k
|
($25k)
|
$310k
|
|
Net change in the fair value of loans held-for-investment
|
|
($214k)
|
$391k
|
$323k
|
($189k)
|
($2.4m)
|
$132k
|
$214k
|
$659k
|
|
Net (loss) on hedging activity
|
|
—
|
($816k)
|
($9.4m)
|
$3.0m
|
$5.4m
|
$28k
|
($87k)
|
($151k)
|
|
Net gain (loss) on sale of investments AFS
|
|
—
|
$165k
|
$1.3m
|
$435k
|
$0
|
($58k)
|
($57k)
|
$501k
|
|
Other
|
|
$4.0m
|
$5.1m
|
$6.2m
|
$8.1m
|
$8.0m
|
$7.5m
|
$10.7m
|
$11.4m
|
|
Salaries and employee benefits
|
|
$34.8m
|
$35.2m
|
$72.1m
|
$78.9m
|
$54.4m
|
$47.4m
|
$47.3m
|
$51.3m
|
|
Occupancy and equipment
|
|
$3.8m
|
$3.8m
|
$4.3m
|
$4.5m
|
$4.8m
|
$4.8m
|
$6.0m
|
$4.6m
|
|
Professional fees
|
|
$2.2m
|
$2.6m
|
$3.1m
|
$3.6m
|
$3.6m
|
$4.3m
|
$4.8m
|
$4.1m
|
|
Data processing and software
|
|
—
|
—
|
—
|
$4.4m
|
$5.5m
|
$6.4m
|
$6.1m
|
$7.0m
|
|
Advertising and promotion
|
|
$2.4m
|
$2.5m
|
$2.9m
|
$3.7m
|
$4.3m
|
$3.7m
|
$3.3m
|
$3.9m
|
|
Pennsylvania bank shares tax
|
|
—
|
$658k
|
$1.0m
|
$609k
|
$793k
|
$968k
|
$972k
|
$1.0m
|
|
Total interest income
|
|
$44.1m
|
$52.9m
|
$62.7m
|
$71.5m
|
$88.7m
|
$136.6m
|
$156.0m
|
$166.3m
|
|
Total non-interest income
|
|
$32.4m
|
$33.1m
|
$86.9m
|
$88.0m
|
$41.7m
|
$32.0m
|
$41.3m
|
$39.2m
|
|
Income before income taxes
|
|
$10.5m
|
$13.5m
|
$34.5m
|
$46.3m
|
$27.9m
|
$17.0m
|
$21.8m
|
$28.4m
|
|
Net income
|
|
$8.2m
|
$10.5m
|
$26.4m
|
$35.6m
|
$21.8m
|
$13.2m
|
$16.3m
|
$21.8m
|
|
Basic earnings per common share (in USD per share)
|
|
$1.28
|
$1.64
|
$4.32
|
$5.91
|
$1.85
|
$1.19
|
$1.47
|
$1.93
|
|
Diluted earnings per common share (in USD per share)
|
|
$1.27
|
$1.63
|
$4.27
|
$5.73
|
$1.79
|
$1.16
|
$1.45
|
$1.89
|
|
Basic weighted average shares outstanding (in shares)
|
|
—
|
—
|
—
|
12.0m
|
11.8m
|
11.1m
|
11.1m
|
11.3m
|
|
Diluted weighted average shares outstanding (in shares)
|
|
—
|
—
|
—
|
12.4m
|
12.2m
|
11.4m
|
11.2m
|
11.5m
|
|
Income tax expense
|
|
$2.3m
|
$3.0m
|
$8.1m
|
$10.7m
|
$6.1m
|
$3.7m
|
$5.4m
|
$6.6m
|
|
Total interest expense
|
|
$11.4m
|
$16.5m
|
$13.7m
|
$8.4m
|
$18.6m
|
$67.6m
|
$85.0m
|
$78.6m
|
|
Total non-interest expense
|
|
$52.9m
|
$55.0m
|
$93.1m
|
$103.7m
|
$81.4m
|
$77.1m
|
$79.1m
|
$83.3m
|