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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME    
Interest and fees on loans $ 33,703 $ 29,573
Interest on investment securities:    
Taxable interest income 1,824 1,823
Tax-exempt interest income 443 445
Other, principally overnight investments 498 222
Total interest income 36,468 32,063
INTEREST EXPENSE    
Savings, checking and money market accounts 522 394
Time deposits 714 652
Other time deposits 166 274
Borrowings 770 548
Total interest expense 2,172 1,868
Net interest income 34,296 30,195
Provision for loan losses - non-covered 723 1,621
Provision (reversal) for loan losses - covered (1,363)
Total provision (reversal) for loan losses 723 258
Net interest income after provision for loan losses 33,573 29,937
NONINTEREST INCOME    
Service charges on deposit accounts 2,614 2,685
Other service charges, commissions and fees 3,173 2,830
Fees from presold mortgage loans 768 371
Commissions from sales of insurance and financial products 840 938
SBA consulting fees 1,260
SBA loan sale gains 622
Bank-owned life insurance income 508 508
Foreclosed property gains (losses), net 25 210
FDIC indemnification asset income (expense), net (2,366)
Securities gains (losses), net (235) 3
Other gains (losses), net 234 (177)
Total noninterest income 9,809 5,002
NONINTEREST EXPENSES    
Salaries expense 13,950 11,475
Employee benefits expense 3,721 2,706
Total personnel expense 17,671 14,181
Net occupancy expense 2,184 1,943
Equipment related expenses 1,058 870
Merger and acquisition expenses 2,373 201
Intangibles amortization expense 576 186
Other operating expenses 8,210 7,392
Total noninterest expenses 32,072 24,773
Income before income taxes 11,310 10,166
Income tax expense 3,755 3,329
Net income 7,555 6,837
Preferred stock dividends (58)
Net income available to common shareholders $ 7,555 $ 6,779
Earnings per common share: Basic $ 0.34 $ 0.34
Earnings per common share: Diluted 0.34 0.33
Dividends declared per common share $ 0.08 $ 0.08
Weighted average common shares outstanding: Basic 21,983,963 19,783,747
Weighted average common shares outstanding: Diluted 22,064,923 20,553,858