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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 41,549 $ 29,919 $ 114,908 $ 90,301
Interest on investment securities:        
Taxable interest income 2,004 1,688 5,830 5,472
Tax-exempt interest income 399 435 1,269 1,312
Other, principally overnight investments 1,059 213 2,299 612
Total interest income 45,011 32,255 124,306 97,697
INTEREST EXPENSE        
Savings, checking and money market accounts 685 401 1,892 1,204
Time deposits 1,053 657 2,641 1,931
Other time deposits 172 196 511 725
Borrowings 1,462 647 3,411 1,750
Total interest expense 3,372 1,901 8,455 5,610
Net interest income 41,639 30,354 115,851 92,087
Provision (reversal) for loan losses 723 (23)
Net interest income after provision (reversal) for loan losses 41,639 30,354 115,128 92,110
NONINTEREST INCOME        
Service charges on deposit accounts 2,945 2,710 8,525 7,960
Other service charges, commissions and fees 3,468 2,996 10,195 8,869
Fees from presold mortgage loans 1,842 710 4,121 1,491
Commissions from sales of insurance and financial products 1,426 969 3,304 2,844
SBA consulting fees 864 1,178 3,174 1,898
SBA loan sale gains 1,692 694 3,241 694
Bank-owned life insurance income 579 514 1,667 1,526
Foreclosed property gains (losses), net (216) (266) (439) (189)
FDIC indemnification asset income (expense), net (5,711) (10,255)
Securities gains (losses), net (235) 3
Other gains (losses), net (238) 1,363 493 1,237
Total noninterest income 12,362 5,157 34,046 16,078
NONINTEREST EXPENSES        
Salaries 16,550 13,430 46,799 37,465
Employee benefits expense 3,375 2,608 10,709 7,892
Total personnel expense 19,925 16,038 57,508 45,357
Net occupancy expense 2,439 2,005 6,981 5,791
Equipment related expenses 1,070 904 3,277 2,693
Merger and acquisition expenses 1,329 600 4,824 1,286
Intangibles amortization expense 902 387 2,509 834
Other operating expenses 8,719 7,784 26,441 22,677
Total noninterest expenses 34,384 27,718 101,540 78,638
Income before income taxes 19,617 7,793 47,634 29,550
Income tax expense 6,531 3,115 15,839 10,396
Net income 13,086 4,678 31,795 19,154
Preferred stock dividends (58) (175)
Net income available to common shareholders $ 13,086 $ 4,620 $ 31,795 $ 18,979
Earnings per common share: Basic $ 0.53 $ 0.23 $ 1.34 $ 0.95
Earnings per common share: Diluted 0.53 0.23 1.33 0.93
Dividends declared per common share $ 0.08 $ 0.08 $ 0.24 $ 0.24
Weighted average common shares outstanding: Basic 24,607,516 20,007,518 23,728,262 19,904,226
Weighted average common shares outstanding: Diluted 24,695,295 20,785,689 23,827,011 20,697,125