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CONSOLIDATED STATEMENTS OF INCOME Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans $ 151,389 $ 137,538 $ 299,014 $ 270,713
Investment securities 14,720 14,732 30,738 28,719
Money market investments and interest-bearing cash accounts 3,401 3,363 6,230 5,619
Total interest income 169,510 155,633 335,982 305,051
Interest expense:        
Deposits 19,103 16,974 36,595 33,945
Securities sold under agreements to repurchase 1,621 2,543 4,169 4,840
Advances from FHLB 3,827 3,410 7,612 6,782
Other borrowings 2,413 2,235 4,879 4,320
Total interest expense 26,964 25,162 53,255 49,887
Net interest income 142,546 130,471 282,727 255,164
Provision for loan and lease losses 12,534 19,536 24,354 40,080
Net interest income after provision for loan and lease losses 130,012 110,935 258,373 215,084
Non-interest income:        
Service charges and fees on deposit accounts 5,887 5,344 11,603 10,432
Mortgage banking activities 4,395 4,835 8,022 9,000
Gain on early extinguishment of debt 0 0 0 2,316
Insurance commission income 2,025 1,780 6,275 5,135
Other non-interest income 9,916 8,513 18,866 16,373
Total non-interest income 22,223 20,472 44,766 43,256
Non-interest expenses:        
Employees' compensation and benefits 40,813 39,555 80,109 80,239
Occupancy and equipment 15,834 13,746 31,889 28,851
Business promotion 3,940 4,016 7,646 6,592
Professional fees 11,671 10,193 21,981 20,253
Taxes, other than income taxes 3,737 3,637 7,557 7,493
FDIC deposit insurance 1,482 2,443 3,180 5,092
Net loss on OREO and OREO operations 5,043 5,655 8,786 5,845
Credit and debit card processing expenses 3,820 3,766 7,974 7,303
Communications 1,714 1,582 3,466 3,064
Other non-interest expenses 4,883 5,623 10,321 11,511
Total non-interest expenses 92,937 90,216 182,909 176,243
Income before income taxes 59,298 41,191 120,230 82,097
Income tax expense 18,011 10,159 35,629 17,917
Net income 41,287 31,032 84,601 64,180
Net income (loss) attributable to common stockholders $ 40,618 $ 30,363 $ 83,263 $ 62,842
Net income per common share:        
Basic $ 0.19 $ 0.14 $ 0.38 $ 0.29
Diluted $ 0.19 $ 0.14 $ 0.38 $ 0.29