|
Loans, including fees
|
|
$37.0m
|
$42.0m
|
$52.0m
|
$60.8m
|
$94.4m
|
$135.4m
|
$140.1m
|
$145.4m
|
|
Loans accounted for under the fair value option
|
|
—
|
—
|
—
|
$0
|
$1.3m
|
$1.3m
|
$636k
|
$311k
|
|
Investment securities
|
|
$1.1m
|
$1.3m
|
$878k
|
$770k
|
$2.1m
|
$2.5m
|
$2.7m
|
$4.5m
|
|
Interest-bearing deposits in other financial institutions
|
|
$689k
|
$1.7m
|
$458k
|
$397k
|
$2.2m
|
$5.7m
|
$8.8m
|
$9.0m
|
|
Dividends, restricted stock
|
|
—
|
—
|
—
|
$86k
|
$381k
|
$620k
|
$463k
|
$576k
|
|
Deposits
|
|
$6.5m
|
$12.3m
|
$5.8m
|
$3.5m
|
$13.0m
|
$65.5m
|
$82.5m
|
$79.5m
|
|
Other borrowed funds
|
|
$1.7m
|
$727k
|
$1.4m
|
$1.9m
|
$4.3m
|
$9.0m
|
$5.8m
|
$5.0m
|
|
Net interest income
|
|
$30.6m
|
$32.1m
|
$46.1m
|
$56.5m
|
$83.2m
|
$71.1m
|
$64.3m
|
$75.4m
|
|
Less: Provision for credit losses
|
|
$180k
|
$662k
|
$4.7m
|
$1.2m
|
$3.7m
|
$10.4m
|
$1.9m
|
$5.0m
|
|
Net interest income, after provision for credit losses
|
|
$30.4m
|
$31.4m
|
$41.4m
|
$55.3m
|
$79.5m
|
$60.8m
|
$62.4m
|
$70.3m
|
|
Trust and investment management fees
|
|
$19.2m
|
$18.9m
|
$19.0m
|
$20.2m
|
$18.9m
|
$18.8m
|
$19.2m
|
$18.5m
|
|
Net gain on mortgage loans
|
|
$4.6m
|
$10.6m
|
$29.3m
|
$16.1m
|
$5.3m
|
$2.8m
|
$4.9m
|
$4.4m
|
|
Net gain (loss) on loans held for sale
|
|
—
|
—
|
—
|
—
|
($12k)
|
($178k)
|
($105k)
|
$222k
|
|
Bank fees
|
|
$1.8m
|
$1.2m
|
$1.3m
|
$1.8m
|
$2.7m
|
$2.0m
|
$2.0m
|
$1.3m
|
|
Risk management and insurance fees
|
|
$1.3m
|
$1.2m
|
$1.2m
|
$1.1m
|
$1.2m
|
$919k
|
$1.7m
|
$551k
|
|
Income on company-owned life insurance
|
|
$393k
|
$377k
|
$363k
|
$354k
|
$349k
|
$378k
|
$431k
|
$455k
|
|
Net gain (loss) on loans accounted for under the fair value option
|
|
—
|
—
|
—
|
$0
|
($891k)
|
($2.0m)
|
($999k)
|
$6k
|
|
Net gain on other real estate owned
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$459k
|
|
Unrealized gain (loss) recognized on equity securities
|
|
—
|
—
|
—
|
$469k
|
$342k
|
($22k)
|
($33k)
|
$14k
|
|
Other
|
|
$2.4m
|
$2.6m
|
$3.5m
|
$3.3m
|
$4.5m
|
$5.4m
|
$7.4m
|
$7.3m
|
|
Salaries and employee benefits
|
|
$29.8m
|
$31.8m
|
$34.8m
|
$40.7m
|
$48.2m
|
$45.2m
|
$45.0m
|
$46.1m
|
|
Occupancy and equipment
|
|
$5.9m
|
$5.6m
|
$6.0m
|
$6.0m
|
$7.5m
|
$7.6m
|
$8.3m
|
$8.2m
|
|
Professional services
|
|
$3.5m
|
$3.5m
|
$5.0m
|
$6.5m
|
$7.9m
|
$7.6m
|
$8.0m
|
$7.7m
|
|
Technology and information systems
|
|
$4.0m
|
$4.0m
|
$4.0m
|
$3.7m
|
$4.5m
|
$3.5m
|
$4.2m
|
$4.3m
|
|
Data processing
|
|
$2.7m
|
$3.1m
|
$4.0m
|
$6.3m
|
$4.3m
|
$4.5m
|
$4.2m
|
$4.8m
|
|
Marketing
|
|
$1.3m
|
$1.3m
|
$1.5m
|
$1.6m
|
$1.9m
|
$1.5m
|
$1.2m
|
$1.2m
|
|
Amortization of other intangible assets
|
|
$831k
|
$374k
|
$14k
|
$17k
|
$308k
|
$250k
|
$226k
|
$206k
|
|
Total interest and dividend income
|
|
$38.8m
|
$45.1m
|
$53.3m
|
$61.9m
|
$100.5m
|
$145.6m
|
$152.7m
|
$159.8m
|
|
Total non-interest income
|
|
$27.2m
|
$32.6m
|
$51.2m
|
$40.1m
|
$28.4m
|
$21.9m
|
$27.7m
|
$26.6m
|
|
Income before income taxes
|
|
—
|
—
|
$33.1m
|
$27.3m
|
$28.8m
|
$7.1m
|
$11.6m
|
$17.1m
|
|
Net income
|
|
$5.6m
|
$8.0m
|
$24.5m
|
$20.6m
|
$21.7m
|
$5.2m
|
$8.5m
|
$13.2m
|
|
Basic (in dollars per share)
|
|
$0.64
|
$1.02
|
$3.11
|
$2.58
|
$2.29
|
$0.55
|
$0.88
|
$1.36
|
|
Diluted (in dollars per share)
|
|
$0.63
|
$1.01
|
$3.08
|
$2.50
|
$2.23
|
$0.54
|
$0.87
|
$1.34
|
|
Income tax expense
|
|
$1.8m
|
$2.2m
|
$8.5m
|
$6.7m
|
$7.1m
|
$1.8m
|
$3.1m
|
$3.9m
|
|
Total interest expense
|
|
$8.2m
|
$13.0m
|
$7.2m
|
$5.4m
|
$17.3m
|
$74.5m
|
$88.3m
|
$84.4m
|
|
Total income before non-interest expense
|
|
$57.6m
|
$64.0m
|
$92.6m
|
$95.4m
|
$107.9m
|
$82.7m
|
$90.1m
|
$96.9m
|
|
Total non-interest expense
|
|
$50.2m
|
$53.8m
|
$59.5m
|
$68.1m
|
$79.1m
|
$75.6m
|
$78.5m
|
$79.8m
|