FMER Income Statement

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Interest income:
Interest and fees on loans, including held for sale 98.67M
Investment securities
Taxable 19.24M
Tax-exempt 4.05M
Total investment securities interest 23.28M
Total interest income 121.96M
Interest on deposits:
Demand-interest bearing 318K
Savings and money market accounts 5.32M
Certificates and other time deposits 2.06M
Interest on securities sold under agreements to repurchase 313K
Interest on wholesale borrowings 850K
Total interest expense 10.61M
Net interest income 111.35M
Provision for loan losses noncovered 5.81M
Provision for loan losses covered 4.14M
Net interest income after provision for loan losses 101.4M
Other income:
Trust department income 5.74M
Service charges on deposits 12.59M
Credit card fees 10.22M
ATM and other service fees 3.34M
Bank owned life insurance income 4.9M
Investment services and insurance 2.42M
Investment securities gains, net -9K
Loan sales and servicing income 7.86M
Gain on George Washington acquisition
Other operating income 10.34M
Total other income 57.39M
Other expenses:
Salaries, wages, pension and employee benefits 57.91M
Net occupancy expense 8.28M
Equipment expense 7.35M
Stationery, supplies and postage 2.1M
Bankcard, loan processing and other costs 7.84M
Professional services 5.41M
Amortization of intangibles 317K
FDIC expense 3.53M
Other operating expense 14.2M
Total other expenses 106.93M
Income before income tax expense 51.87M
Income tax expense 14.52M
Net income 37.35M
Other comprehensive income, net of taxes
Unrealized securities' gains (losses), net of taxes -7.92M
Less: reclassification adjustment for securities' gains (losses) realized in income, net of taxes
Total other comprehensive gain (loss), net of taxes
Comprehensive income 29.43M
Net income applicable to common shares 36.13M
Net income used in diluted EPS calculation 36.13M
Weighted average number of common shares outstanding - basic 109.69M
Weighted average number of common shares outstanding - diluted 109.69M
Basic earnings per share 0.33
Diluted earnings per share 0.33
Dividend per share 0.16