Components of Other Noninterest Income |
The following table summarizes the Company’s noninterest
income for the periods indicated (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
Service charges on deposit accounts
|
|
$ |
3,613 |
|
|
$ |
4,323 |
|
|
$ |
7,392 |
|
|
$ |
7,942 |
|
ATM and interchange fees
|
|
|
4,510 |
|
|
|
4,248 |
|
|
|
8,745 |
|
|
|
8,263 |
|
Other service fees
|
|
|
630 |
|
|
|
839 |
|
|
|
1,344 |
|
|
|
1,604 |
|
Mortgage banking service fees
|
|
|
511 |
|
|
|
526 |
|
|
|
1,028 |
|
|
|
1,047 |
|
Change in value of mortgage servicing rights
|
|
|
(36 |
) |
|
|
(457 |
) |
|
|
75 |
|
|
|
(470 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total service charges and fees
|
|
|
9,228 |
|
|
|
9,479 |
|
|
|
18,584 |
|
|
|
18,386 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commissions on sale of non-deposit investment products
|
|
|
810 |
|
|
|
705 |
|
|
|
1,686 |
|
|
|
1,312 |
|
Gain on sale of loans
|
|
|
666 |
|
|
|
777 |
|
|
|
1,292 |
|
|
|
1,687 |
|
Increase in cash value of life insurance
|
|
|
656 |
|
|
|
626 |
|
|
|
1,264 |
|
|
|
1,311 |
|
Gain on sale of foreclosed assets
|
|
|
17 |
|
|
|
153 |
|
|
|
388 |
|
|
|
271 |
|
Lease brokerage income
|
|
|
200 |
|
|
|
161 |
|
|
|
328 |
|
|
|
367 |
|
Sale of customer checks
|
|
|
138 |
|
|
|
94 |
|
|
|
239 |
|
|
|
198 |
|
Change in indemnification asset
|
|
|
— |
|
|
|
711 |
|
|
|
— |
|
|
|
490 |
|
Life insurance proceeds in excess of cash value
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
108 |
|
Loss on disposal of fixed assets
|
|
|
(41 |
) |
|
|
(28 |
) |
|
|
(54 |
) |
|
|
(28 |
) |
Loss on marketable equity securities
|
|
|
(23 |
) |
|
|
— |
|
|
|
(70 |
) |
|
|
— |
|
Other
|
|
|
523 |
|
|
|
232 |
|
|
|
807 |
|
|
|
511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other noninterest income
|
|
|
2,946 |
|
|
|
3,431 |
|
|
|
5,880 |
|
|
|
6,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest income
|
|
$ |
12,174 |
|
|
$ |
12,910 |
|
|
$ |
24,464 |
|
|
$ |
24,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Components of Noninterest Expense |
The components of noninterest expense were as follows (in
thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
Base salaries, net of deferred loan origination costs
|
|
$ |
14,429 |
|
|
$ |
13,657 |
|
|
$ |
28,391 |
|
|
$ |
27,047 |
|
Incentive compensation
|
|
|
2,159 |
|
|
|
2,173 |
|
|
|
4,611 |
|
|
|
4,371 |
|
Benefits and other compensation costs
|
|
|
4,865 |
|
|
|
4,664 |
|
|
|
10,103 |
|
|
|
9,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total salaries and benefits expense
|
|
|
21,453 |
|
|
|
20,494 |
|
|
|
43,105 |
|
|
|
41,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Occupancy
|
|
|
2,720 |
|
|
|
2,705 |
|
|
|
5,401 |
|
|
|
5,397 |
|
Data processing and software
|
|
|
2,679 |
|
|
|
2,441 |
|
|
|
5,193 |
|
|
|
4,837 |
|
Equipment
|
|
|
1,637 |
|
|
|
1,805 |
|
|
|
3,188 |
|
|
|
3,528 |
|
ATM and POS network charges
|
|
|
1,437 |
|
|
|
1,075 |
|
|
|
2,663 |
|
|
|
1,928 |
|
Advertising
|
|
|
1,035 |
|
|
|
1,167 |
|
|
|
1,873 |
|
|
|
2,134 |
|
Professional fees
|
|
|
774 |
|
|
|
690 |
|
|
|
1,546 |
|
|
|
1,456 |
|
Telecommunications
|
|
|
681 |
|
|
|
668 |
|
|
|
1,382 |
|
|
|
1,311 |
|
Change in reserve for unfunded commitments
|
|
|
(137 |
) |
|
|
(135 |
) |
|
|
563 |
|
|
|
(120 |
) |
Merger and acquisition expense
|
|
|
601 |
|
|
|
— |
|
|
|
1,077 |
|
|
|
— |
|
Assessments
|
|
|
417 |
|
|
|
420 |
|
|
|
847 |
|
|
|
825 |
|
Postage
|
|
|
301 |
|
|
|
329 |
|
|
|
659 |
|
|
|
733 |
|
Intangible amortization
|
|
|
339 |
|
|
|
352 |
|
|
|
678 |
|
|
|
711 |
|
Operational losses
|
|
|
252 |
|
|
|
430 |
|
|
|
546 |
|
|
|
865 |
|
Courier service
|
|
|
224 |
|
|
|
263 |
|
|
|
491 |
|
|
|
517 |
|
Provision for foreclosed asset losses
|
|
|
— |
|
|
|
94 |
|
|
|
90 |
|
|
|
28 |
|
Foreclosed assets expense
|
|
|
180 |
|
|
|
38 |
|
|
|
204 |
|
|
|
76 |
|
Other miscellaneous expense
|
|
|
3,277 |
|
|
|
3,068 |
|
|
|
6,526 |
|
|
|
6,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total other noninterest expense
|
|
|
16,417 |
|
|
|
15,410 |
|
|
|
32,927 |
|
|
|
30,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total noninterest expense
|
|
$ |
37,870 |
|
|
$ |
35,904 |
|
|
$ |
76,032 |
|
|
$ |
71,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Merger and acquisition expense:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Occupancy
|
|
$ |
49 |
|
|
$ |
— |
|
|
$ |
49 |
|
|
$ |
— |
|
Equipment
|
|
|
11 |
|
|
|
— |
|
|
|
11 |
|
|
|
— |
|
Professional fees
|
|
|
196 |
|
|
|
— |
|
|
|
552 |
|
|
|
— |
|
Advertising and marketing
|
|
|
164 |
|
|
|
— |
|
|
|
172 |
|
|
|
— |
|
Postage
|
|
|
7 |
|
|
|
— |
|
|
|
7 |
|
|
|
— |
|
Other miscellaneous expense
|
|
|
174 |
|
|
|
— |
|
|
|
286 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total merger and acquisition expense
|
|
$ |
601 |
|
|
$ |
— |
|
|
$ |
1,077 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|