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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 39,656 $ 30,809 $ 73,359 $ 60,382
Interest on investment securities:        
Taxable interest income 2,002 1,961 3,826 3,784
Tax-exempt interest income 427 432 870 877
Other, principally overnight investments 742 177 1,240 399
Total interest income 42,827 33,379 79,295 65,442
INTEREST EXPENSE        
Savings, checking and money market accounts 685 409 1,207 803
Time deposits 874 622 1,588 1,274
Other time deposits 173 255 339 529
Borrowings 1,179 555 1,949 1,103
Total interest expense 2,911 1,841 5,083 3,709
Net interest income after provision (reversal) for loan losses 39,916 31,538 74,212 61,733
Provision for loan losses - non-covered 489 723 2,109
Provision (reversal) for loan losses - covered (770) (2,132)
Total provision (reversal) for loan losses (281) 723 (23)
Net interest income after provision for loan losses 39,916 31,819 73,489 61,756
NONINTEREST INCOME        
Service charges on deposit accounts 2,966 2,565 5,580 5,250
Other service charges, commissions and fees 3,554 3,043 6,727 5,873
Fees from presold mortgage loans 1,511 410 2,279 781
Commissions from sales of insurance and financial products 1,038 937 1,878 1,875
SBA consulting fees 1,050 720 2,310 720
SBA loan sale gains 927 1,549
Bank-owned life insurance income 580 504 1,088 1,012
Foreclosed property gains (losses), net (248) (133) (223) 77
FDIC indemnification asset income (expense), net (2,178) (4,544)
Securities gains (losses), net (235) 3
Other gains (losses), net 497 51 731 (126)
Total noninterest income 11,875 5,919 21,684 10,921
NONINTEREST EXPENSES        
Salaries 16,299 12,560 30,249 24,035
Employee benefits expense 3,769 2,578 7,490 5,284
Total personnel expense 20,068 15,138 37,739 29,319
Net occupancy expense 2,358 1,843 4,542 3,786
Equipment related expenses 1,363 919 2,421 1,789
Merger and acquisition expenses 1,122 485 3,495 686
Intangibles amortization expense 1,031 261 1,607 447
Other operating expenses 9,142 7,501 17,352 14,893
Total noninterest expenses 35,084 26,147 67,156 50,920
Income before income taxes 16,707 11,591 28,017 21,757
Income tax expense 5,553 3,952 9,308 7,281
Net income 11,154 7,639 18,709 14,476
Preferred stock dividends (59) (117)
Net income available to common shareholders $ 11,154 $ 7,580 $ 18,709 $ 14,359
Earnings per common share: Basic $ 0.45 $ 0.38 $ 0.80 $ 0.72
Earnings per common share: Diluted 0.45 0.37 0.80 0.70
Dividends declared per common share $ 0.08 $ 0.08 $ 0.16 $ 0.16
Weighted average common shares outstanding: Basic 24,593,307 19,921,413 23,288,635 19,852,580
Weighted average common shares outstanding: Diluted 24,671,550 20,693,644 23,368,503 20,627,012