Noninterest Income and Expense |
Note 21 – Noninterest Income and Expense
The components of other noninterest income were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
Service charges on deposit accounts
|
|
$ |
3,779 |
|
|
$ |
3,619 |
|
ATM and interchange fees
|
|
|
4,235 |
|
|
|
4,015 |
|
Other service fees
|
|
|
714 |
|
|
|
765 |
|
Mortgage banking service fees
|
|
|
517 |
|
|
|
521 |
|
Change in value of mortgage servicing rights
|
|
|
111 |
|
|
|
(13 |
) |
|
|
|
|
|
|
|
|
|
Total service charges and fees
|
|
|
9,356 |
|
|
|
8,907 |
|
|
|
|
|
|
|
|
|
|
Commissions on sale of non-deposit investment products
|
|
|
876 |
|
|
|
607 |
|
Gain on sale of loans
|
|
|
626 |
|
|
|
910 |
|
Increase in cash value of life insurance
|
|
|
608 |
|
|
|
685 |
|
Gain on sale of foreclosed assets
|
|
|
371 |
|
|
|
118 |
|
Lease brokerage income
|
|
|
128 |
|
|
|
206 |
|
Sale of customer checks
|
|
|
101 |
|
|
|
104 |
|
Change in indemnification asset
|
|
|
— |
|
|
|
(221 |
) |
Life insurance proceeds in excess of cash value
|
|
|
— |
|
|
|
107 |
|
Loss on disposal of fixed assets
|
|
|
(13 |
) |
|
|
— |
|
Loss on marketable equity securities
|
|
|
(47 |
) |
|
|
— |
|
Other
|
|
|
284 |
|
|
|
280 |
|
|
|
|
|
|
|
|
|
|
Total other noninterest income
|
|
|
2,934 |
|
|
|
2,796 |
|
|
|
|
|
|
|
|
|
|
Total noninterest income
|
|
$ |
12,290 |
|
|
$ |
11,703 |
|
|
|
|
|
|
|
|
|
|
Mortgage loan servicing fees, net of change in fair value of
mortgage loan servicing rights, totaling $628,000 and $508,000 were
recorded in service charges and fees noninterest income for the
three months ended March 31, 2018 and 2017, respectively.
The components of noninterest expense were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
Base salaries, net of deferred loan origination costs
|
|
$ |
13,962 |
|
|
$ |
13,390 |
|
Incentive compensation
|
|
|
2,452 |
|
|
|
2,198 |
|
Benefits and other compensation costs
|
|
|
5,238 |
|
|
|
5,305 |
|
|
|
|
|
|
|
|
|
|
Total salaries and benefits expense
|
|
|
21,652 |
|
|
|
20,893 |
|
|
|
|
|
|
|
|
|
|
Occupancy
|
|
|
2,681 |
|
|
|
2,692 |
|
Data processing and software
|
|
|
2,514 |
|
|
|
2,396 |
|
Equipment
|
|
|
1,551 |
|
|
|
1,723 |
|
ATM and POS network charges
|
|
|
1,226 |
|
|
|
853 |
|
Advertising
|
|
|
838 |
|
|
|
967 |
|
Professional fees
|
|
|
773 |
|
|
|
766 |
|
Telecommunications
|
|
|
701 |
|
|
|
643 |
|
Change in reserve for unfunded commitments
|
|
|
700 |
|
|
|
15 |
|
Merger and acquisition expense
|
|
|
476 |
|
|
|
— |
|
Assessments
|
|
|
430 |
|
|
|
405 |
|
Postage
|
|
|
358 |
|
|
|
404 |
|
Intangible amortization
|
|
|
339 |
|
|
|
359 |
|
Operational losses
|
|
|
294 |
|
|
|
435 |
|
Courier service
|
|
|
267 |
|
|
|
254 |
|
Provision for (reversal of) foreclosed asset losses
|
|
|
90 |
|
|
|
(66 |
) |
Foreclosed assets expense
|
|
|
24 |
|
|
|
38 |
|
Other miscellaneous expense
|
|
|
3,248 |
|
|
|
3,045 |
|
|
|
|
|
|
|
|
|
|
Total other noninterest expense
|
|
|
16,510 |
|
|
|
14,929 |
|
|
|
|
|
|
|
|
|
|
Total noninterest expense
|
|
$ |
38,162 |
|
|
$ |
35,822 |
|
|
|
|
|
|
|
|
|
|
Merger and acquisition expense:
|
|
|
|
|
|
|
|
|
Professional fees
|
|
$ |
355 |
|
|
|
— |
|
Advertising and marketing
|
|
|
8 |
|
|
|
— |
|
Other miscellaneous expense
|
|
|
112 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total merger and acquisition expense
|
|
$ |
476 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|