XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans $ 52,407 $ 41,549 $ 154,028 $ 114,908
Interest on investment securities:        
Taxable interest income 2,501 1,649 7,552 4,914
Tax-exempt interest income 367 399 1,115 1,269
Other, principally overnight investments 2,944 1,414 7,320 3,215
Total interest income 58,219 45,011 170,015 124,306
INTEREST EXPENSE        
Savings, checking and money market accounts 1,334 685 3,445 1,892
Time deposits 2,302 1,053 5,627 2,641
Other time deposits 270 172 740 511
Borrowings 2,468 1,462 6,619 3,411
Total interest expense 6,374 3,372 16,431 8,455
Net interest income 51,845 41,639 153,584 115,851
Provision (reversal) for loan losses 87 (4,282) 723
Net interest income after provision for loan losses 51,758 41,639 157,866 115,128
NONINTEREST INCOME        
Service charges on deposit accounts 3,221 2,945 9,606 8,525
Other service charges, commissions and fees 5,146 3,468 14,656 10,195
Fees from presold mortgage loans 576 1,842 2,231 4,121
Commissions from sales of insurance and financial products 2,425 1,426 6,484 3,304
SBA consulting fees 1,287 864 3,554 3,174
SBA loan sale gains 2,373 1,692 8,773 3,241
Bank-owned life insurance income 641 579 1,892 [1] 1,667 [1]
Foreclosed property gains (losses), net (192) (216) (579) (439)
Securities gains (losses), net (235)
Other gains (losses), net (101) (238) 811 493
Total noninterest income 15,376 12,362 47,428 34,046
NONINTEREST EXPENSES        
Salaries expense 18,771 16,550 56,615 46,799
Employee benefits expense 4,061 3,606 12,752 11,402
Total personnel expense 22,832 20,156 69,367 58,201
Occupancy expense 2,742 2,439 8,087 6,981
Equipment related expenses 1,438 1,070 3,931 3,277
Merger and acquisition expenses 167 1,329 3,568 4,824
Intangibles amortization expense 1,656 902 5,073 2,509
Other operating expenses 10,403 8,488 31,683 25,748
Total noninterest expenses 39,238 34,384 121,709 101,540
Income before income taxes 27,896 19,617 83,585 47,634
Income tax expense 5,905 6,531 18,191 15,839
Net income available to common shareholders $ 21,991 $ 13,086 $ 65,394 $ 31,795
Earnings per common share:        
Basic $ 0.74 $ 0.53 $ 2.21 $ 1.34
Diluted 0.74 0.53 2.21 1.33
Dividends declared per common share $ 0.10 $ 0.08 $ 0.30 $ 0.24
Weighted average common shares outstanding:        
Basic 29,530,203 24,607,516 29,536,273 23,728,262
Diluted 29,621,130 24,695,295 29,639,126 23,827,011
[1] Not within the scope of ASC 606.